|By PR Newswire||
|February 11, 2013 09:30 AM EST||
CHICAGO, Feb. 11, 2013 /PRNewswire/ -- Zacks Equity Research highlights CoreLogic (NYSE:CLGX) as the Bull of the Day and Bebe Stores (Nasdaq:BEBE) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Plains All American Pipeline, L.P. (NYSE:PAA), Devon Energy Corporation (NYSE:DVN) and Chesapeake Energy Corporation (NYSE:CHK).
Full analysis of all these stocks is available at http://at.zacks.com/?id=2678.
Here is a synopsis of all five stocks:
On January 31, CoreLogic (NYSE:CLGX) updated its financial guidance for 2012. The company now expects stronger results for 2012 (expected at the top of its previous guidance range) as a result of higher origination volumes, acceleration in data and analytics revenue growth and cost reduction programs as well as share repurchases.
CoreLogic also provided its initial guidance for 2013. The company expects earnings of $1.65 to $1.75 per share for 2013, implying a growth of 10-17%. . The results will be released on February 21, 2013.
Zacks consensus estimate now calls for earnings of $0.32 per share in the previous quarter and $0.43 per share in the current quarter. Further, Zacks Industry rank also looks attractive currently—70 out of 265.
In November, S&P had upgraded its outlook on CoreLogic from positive to stable. The upgrade was a result of expectation that the company will be able to maintain earnings stability through origination cycles and its moderate financial policies. The rating agency further stated that CoreLogic's leadership position in mortgage processing markets and focus on reducing costs will support consistent profitability,
Bebe Stores (Nasdaq:BEBE) designs, develops and produces a distinctive line of contemporary women's apparel and accessories. They market their products under the bebe, BEBE SPORT, bbsp and 2b brand names through their retail stores located in the United States, Canada and internationally licensed stores.
Bebe reported its results for the second quarter ended December 29, 2012 on January 31, 2012. The quarter resulted in a loss of $4.8 million, or $0.06 per share compared with a profit of $6.5 million, or $0.08 per share in the second quarter of prior fiscal.
Gross margin also declined from 33.9% of net sales compared with 40.1% from the year-ago quarter, as a result of increase in mark downs and unfavorable occupancy leverage. The consensus expectation was for a loss of $0.01 per share.
The company expects the finished goods inventory to increase, which coupled with rising SG&A expenses (39.4% for the reported quarter compared with 32.8% for the prior-year quarter) will put further pressure on margins.
Latest Posts on the Zacks Analyst Blog:
Plains All American Expands Pipeline
Plains All American Pipeline, L.P. (NYSE:PAA) is expanding its existing Mississippian Lime Pipeline, stretching from Coldwater in Comanche County , Kansas to Byron in Alfalfa County , Oklahoma . This project is expected to be online in the fourth quarter of 2013.
This 55-mile pipeline project will enable Plains All American to transport roughly 75,000 barrels of oil per day (Bbls/d). The partnership is installing this pipeline to transfer crude oil from the Mississippian Lime pipeline to its terminal in Cushing , Oklahoma .
In Feb 2012, Plains All American had started the construction of its 170-mile Mississippian Lime Pipeline. This pipeline, in combination with earlier announced Medford-to-Cushing pipeline renovation, is expected to supply approximately 175,000 Bbls/d of crude oil to Cushing. This project is expected to be brought into service in the middle of 2013.
High resource potential in the Mississippian oil play has attracted big oil and gas operators. Plains All American was also lured. This factor along with growing production propels the partnership to deploy additional $150 million in 2013 for the expansion of its Mississippian Lime Pipeline. Other operators including Devon Energy Corporation (NYSE:DVN) and Chesapeake Energy Corporation (NYSE:CHK) have strong acreage in this region.
Fourth-quarter 2012 Earnings Recap
Plains All American announced its fourth-quarter and full-year 2012 results on Feb 6. The partnership posted fourth-quarter 2012 pro forma earnings of $1.01 per unit, beating the Zacks Consensus Estimate by 32 cents. Quarterly earnings were 23.2% higher than the year-ago figure. Its full-year 2012 earnings were $3.35 per unit, surpassing the Zacks Consensus Estimate by 39.6%. The full-year result was 27.9% higher than last year's earnings.
Get the full analysis of all these stocks by going to http://at.zacks.com/?id=2649.
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment
Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4582.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
SOURCE Zacks Investment Research, Inc.
Bert Loomis was a visionary. This general session will highlight how Bert Loomis and people like him inspire us to build great things with small inventions. In their general session at 19th Cloud Expo, Harold Hannon, Architect at IBM Bluemix, and Michael O'Neill, Strategic Business Development at Nvidia, discussed the accelerating pace of AI development and how IBM Cloud and NVIDIA are partnering to bring AI capabilities to "every day," on-demand. They also reviewed two "free infrastructure" pr...
Apr. 29, 2017 07:15 AM EDT Reads: 1,674
SYS-CON Events announced today that T-Mobile will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. As America's Un-carrier, T-Mobile US, Inc., is redefining the way consumers and businesses buy wireless services through leading product and service innovation. The Company's advanced nationwide 4G LTE network delivers outstanding wireless experiences to 67.4 million customers who are unwilling to compromise on ...
Apr. 29, 2017 07:15 AM EDT Reads: 1,443
Everyone wants to use containers, but monitoring containers is hard. New ephemeral architecture introduces new challenges in how monitoring tools need to monitor and visualize containers, so your team can make sense of everything. In his session at @DevOpsSummit, David Gildeh, co-founder and CEO of Outlyer, will go through the challenges and show there is light at the end of the tunnel if you use the right tools and understand what you need to be monitoring to successfully use containers in your...
Apr. 29, 2017 05:45 AM EDT Reads: 2,254
SYS-CON Events announced today that Super Micro Computer, Inc., a global leader in compute, storage and networking technologies, will exhibit at SYS-CON's 20th International Cloud Expo®, which will take place on June 6-8, 2017, at the Javits Center in New York City, NY. Supermicro (NASDAQ: SMCI), the leading innovator in high-performance, high-efficiency server technology, is a premier provider of advanced server Building Block Solutions® for Data Center, Cloud Computing, Enterprise IT, Hadoop/...
Apr. 29, 2017 05:30 AM EDT Reads: 2,512
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place June 6-8, 2017, at the Javits Center in New York City, New York, is co-located with 20th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry p...
Apr. 29, 2017 05:00 AM EDT Reads: 1,492
All organizations that did not originate this moment have a pre-existing culture as well as legacy technology and processes that can be more or less amenable to DevOps implementation. That organizational culture is influenced by the personalities and management styles of Executive Management, the wider culture in which the organization is situated, and the personalities of key team members at all levels of the organization. This culture and entrenched interests usually throw a wrench in the work...
Apr. 29, 2017 04:15 AM EDT Reads: 897
Judith Hurwitz is president and CEO of Hurwitz & Associates, a Needham, Mass., research and consulting firm focused on emerging technology, including big data, cognitive computing and governance. She is co-author of the book Cognitive Computing and Big Data Analytics, published in 2015. Her Cloud Expo session, "What Is the Business Imperative for Cognitive Computing?" is scheduled for Wednesday, June 8, at 8:40 a.m. In it, she puts cognitive computing into perspective with its value to the busin...
Apr. 29, 2017 04:00 AM EDT Reads: 3,806
NHK, Japan Broadcasting, will feature the upcoming @ThingsExpo Silicon Valley in a special 'Internet of Things' and smart technology documentary that will be filmed on the expo floor between November 3 to 5, 2015, in Santa Clara. NHK is the sole public TV network in Japan equivalent to the BBC in the UK and the largest in Asia with many award-winning science and technology programs. Japanese TV is producing a documentary about IoT and Smart technology and will be covering @ThingsExpo Silicon Val...
Apr. 29, 2017 02:30 AM EDT Reads: 9,353
SYS-CON Events announced today that CollabNet, a global leader in enterprise software development, release automation and DevOps solutions, will be a Bronze Sponsor of SYS-CON's 20th International Cloud Expo®, taking place from June 6-8, 2017, at the Javits Center in New York City, NY. CollabNet offers a broad range of solutions with the mission of helping modern organizations deliver quality software at speed. The company’s latest innovation, the DevOps Lifecycle Manager (DLM), supports Value S...
Apr. 29, 2017 01:45 AM EDT Reads: 1,292
The 20th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held June 6-8, 2017, at the Javits Center in New York City, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Containers, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportunity. Submit your speaking proposal ...
Apr. 29, 2017 01:45 AM EDT Reads: 1,581
Building a cross-cloud operational model can be a daunting task. Per-cloud silos are not the answer, but neither is a fully generic abstraction plane that strips out capabilities unique to a particular provider. In his session at 20th Cloud Expo, Chris Wolf, VP & Chief Technology Officer, Global Field & Industry at VMware, will discuss how successful organizations approach cloud operations and management, with insights into where operations should be centralized and when it’s best to decentraliz...
Apr. 29, 2017 01:15 AM EDT Reads: 926
The age of Digital Disruption is evolving into the next era – Digital Cohesion, an age in which applications securely self-assemble and deliver predictive services that continuously adapt to user behavior. Information from devices, sensors and applications around us will drive services seamlessly across mobile and fixed devices/infrastructure. This evolution is happening now in software defined services and secure networking. Four key drivers – Performance, Economics, Interoperability and Trust ...
Apr. 29, 2017 12:30 AM EDT Reads: 950
With billions of sensors deployed worldwide, the amount of machine-generated data will soon exceed what our networks can handle. But consumers and businesses will expect seamless experiences and real-time responsiveness. What does this mean for IoT devices and the infrastructure that supports them? More of the data will need to be handled at - or closer to - the devices themselves.
Apr. 29, 2017 12:00 AM EDT Reads: 1,062
DevOps is often described as a combination of technology and culture. Without both, DevOps isn't complete. However, applying the culture to outdated technology is a recipe for disaster; as response times grow and connections between teams are delayed by technology, the culture will die. A Nutanix Enterprise Cloud has many benefits that provide the needed base for a true DevOps paradigm. In his Day 3 Keynote at 20th Cloud Expo, Chris Brown, a Solutions Marketing Manager at Nutanix, will explore t...
Apr. 29, 2017 12:00 AM EDT Reads: 993
@DevOpsSummit at Cloud taking place June 6-8, 2017, at Javits Center, New York City, is co-located with the 20th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developm...
Apr. 28, 2017 11:45 PM EDT Reads: 2,385