Welcome!

News Feed Item

Expedia,Haverty Furniture,Blackstone Group, Kohlberg Kravis Roberts andGoldman Sachs Group highlighted as Zacks Bull and Bear of the Day

CHICAGO, Aug. 11, 2014 /PRNewswire/ -- Zacks Equity Research highlights Expedia, Inc. (Nasdaq:EXPE-Free Report) as the Bull of the Day and Haverty Furniture Companies, Inc. (NYSE:HVT-Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis onBlackstone Group L.P. (NYSE:BX-Free Report), Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR-Free Report)  and Goldman Sachs Group, Inc. (NYSE:GS-Free Report).

Zacks Investment Research, Inc., www.zacks.com

Here is a synopsis of all five stocks:

Bull of the Day:

Expedia, Inc. (Nasdaq:EXPE-Free Report) recently crushed the Zacks Consensus Estimate for the second quarter as demand for travel and travel services strengthened. This Zacks Rank #1 (Strong Buy) is expected to see double digit earnings growth both this year and next.

Expedia is one of the most recognizable online travel companies. It now has an extensive list of brands including Expedia.com, Hotels.com, Hotwire, Egencia, Venere.com, trivago, CarRentals.com, Expedia CruiseShipCenters and eLong, the second largest online travel company in China.

On July 31, Expedia reported its second quarter results and easily beat the Zacks Consensus by 26 cents. Earnings were $0.94 compared to the consensus of $0.68.

Revenue jumped 24% to $1.49 billion from $1.21 billion a year ago. The other metrics also showed solid growth with Room Night growth rising 28% versus 19% a year ago and Gross Bookings jumping 29% due to room night and air ticket growth.

The quarter was boosted by the marketing partnership with Travelocity, which it entered into in the fourth quarter of 2013. That deal contributed 400 basis points of the room night growth.

The analysts liked what they heard as 6 estimates were revised higher for 2014 but it wasn't just 2014 they were excited about. Six estimates were also revised higher for 2015.

Expedia isn't cooling off. Earnings are expected to rise 39.6% in 2014 and another 23.6% in 2015.

Bear of the Day:

Haverty Furniture Companies, Inc. (NYSE:HVT-Free Report) recently had a second so-so quarter in a row. Analysts cut estimates again on this Zacks Rank #5 (Strong Sell).

Havertys has seen it all. The company was founded in 1885 in Atlanta and used to make deliveries in horse and buggy. It now has showrooms in 16 Southern and Midwest states. Havertys went public in 1929 during dark economic times, but it has survived each of the big economic shocks.

The impact of the recent housing bust is obvious in Havertys multi-year earnings history. Earnings plunged 88.7% in 2007 to just 8 cents before the rest of the country went into recession and took Havertys even lower.

The company didn't make money in either 2008 or 2009. Even 2010 and 2011 were still a struggle. But in 2012, the turnaround in the housing market, and the consumer, began to take hold. Havertys made 67 cents that year and it had seen rising earnings estimates until this year.

Additional content:

Blackstone, KKR, TPG Capital Settle LBO Collusion Charges

Leading private equity firms – The Blackstone Group L.P. (NYSE:BX-Free Report), Kohlberg Kravis Roberts & Co. L.P. (NYSE:KKR-Free Report) and TPG Capital LP – have agreed to settle a lawsuit that accused them of pulling down the prices of leveraged buyouts (LBOs) through collusion before the financial crisis. The defendants will be paying $325 million in aggregate as the settlement amount.

The settlement, reached on Jul 28, was disclosed in the court filings on Thursday. The lawsuit was filed way back in Dec 2007 by former shareholders of the acquired companies. It accused more than 10 private-equity firms of rigging the bids to lower competition for takeovers between 2003 and 2007, thereby depriving investors of billions of dollars.

Originally 27 buyouts formed part of the litigation. Consequently in 2013, a federal judge dismissed claims of alleged collusion prior to the announcement of buyouts. The remaining buyouts included movie theater chain AMC Entertainment Inc, casino operator Harrah's Entertainment Inc, software maker SunGard Data Systems Inc and pipeline operator Kinder Morgan Inc, among others

Apart from Blackstone, KKR and TPG Capital, other defendants including The Goldman Sachs Group, Inc. (NYSE:GS-Free Report), Bain Capital Partners and Silver Lake Technology Management L.L.C. have already settled the case.

Together with recent settlements, this would take the recovered amount to a total of $475.5 million. However, all the settlements await approval of the U.S. District Judge William Young, and are expected to be considered at Sep 4, 2014 hearing. Notably, all the private equity firms that have resorted to settlements till now, have not accepted any wrongdoing.

We believe the early settlement of lawsuits prevent increased litigation overhangs for involved companies, as well as relieve the aggrieved investors of lengthy trails and raised expenses. Nevertheless, investors and other financial institutions bearing the brunt of such faulty practices should be fairly compensated.

Currently, Blackstone carries a Zacks Rank #2 (Buy), while KKR holds a Zacks Rank #3 (Hold).

Get today's Zacks #1 Stock of the Day with your free subscription to Profit from the Pros newsletter:

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 "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Click here to subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; 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.

Get the full Report on EXPE - FREE

Get the full Report on HVT - FREE

Get the full Report on BX - FREE

Get the full Report on KKR - FREE

Get the full Report on GS - FREE

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

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact

Zacks Investment Research

800-767-3771 ext. 9339*

[email protected]

http://www.zacks.com

Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

Logo - http://photos.prnewswire.com/prnh/20101027/ZIRLOGO

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

Latest Stories
"ZeroStack is a startup in Silicon Valley. We're solving a very interesting problem around bringing public cloud convenience with private cloud control for enterprises and mid-size companies," explained Kamesh Pemmaraju, VP of Product Management at ZeroStack, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Codigm is based on the cloud and we are here to explore marketing opportunities in America. Our mission is to make an ecosystem of the SW environment that anyone can understand, learn, teach, and develop the SW on the cloud," explained Sung Tae Ryu, CEO of Codigm, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
In his session at 21st Cloud Expo, Carl J. Levine, Senior Technical Evangelist for NS1, will objectively discuss how DNS is used to solve Digital Transformation challenges in large SaaS applications, CDNs, AdTech platforms, and other demanding use cases. Carl J. Levine is the Senior Technical Evangelist for NS1. A veteran of the Internet Infrastructure space, he has over a decade of experience with startups, networking protocols and Internet infrastructure, combined with the unique ability to it...
High-velocity engineering teams are applying not only continuous delivery processes, but also lessons in experimentation from established leaders like Amazon, Netflix, and Facebook. These companies have made experimentation a foundation for their release processes, allowing them to try out major feature releases and redesigns within smaller groups before making them broadly available. In his session at 21st Cloud Expo, Brian Lucas, Senior Staff Engineer at Optimizely, discussed how by using ne...
"CA has been doing a lot of things in the area of DevOps. Now we have a complete set of tool sets in order to enable customers to go all the way from planning to development to testing down to release into the operations," explained Aruna Ravichandran, Vice President of Global Marketing and Strategy at CA Technologies, in this SYS-CON.tv interview at DevOps Summit at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"There's plenty of bandwidth out there but it's never in the right place. So what Cedexis does is uses data to work out the best pathways to get data from the origin to the person who wants to get it," explained Simon Jones, Evangelist and Head of Marketing at Cedexis, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"Cloud Academy is an enterprise training platform for the cloud, specifically public clouds. We offer guided learning experiences on AWS, Azure, Google Cloud and all the surrounding methodologies and technologies that you need to know and your teams need to know in order to leverage the full benefits of the cloud," explained Alex Brower, VP of Marketing at Cloud Academy, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clar...
Large industrial manufacturing organizations are adopting the agile principles of cloud software companies. The industrial manufacturing development process has not scaled over time. Now that design CAD teams are geographically distributed, centralizing their work is key. With large multi-gigabyte projects, outdated tools have stifled industrial team agility, time-to-market milestones, and impacted P&L stakeholders.
Gemini is Yahoo’s native and search advertising platform. To ensure the quality of a complex distributed system that spans multiple products and components and across various desktop websites and mobile app and web experiences – both Yahoo owned and operated and third-party syndication (supply), with complex interaction with more than a billion users and numerous advertisers globally (demand) – it becomes imperative to automate a set of end-to-end tests 24x7 to detect bugs and regression. In th...
Enterprises are moving to the cloud faster than most of us in security expected. CIOs are going from 0 to 100 in cloud adoption and leaving security teams in the dust. Once cloud is part of an enterprise stack, it’s unclear who has responsibility for the protection of applications, services, and data. When cloud breaches occur, whether active compromise or a publicly accessible database, the blame must fall on both service providers and users. In his session at 21st Cloud Expo, Ben Johnson, C...
"Infoblox does DNS, DHCP and IP address management for not only enterprise networks but cloud networks as well. Customers are looking for a single platform that can extend not only in their private enterprise environment but private cloud, public cloud, tracking all the IP space and everything that is going on in that environment," explained Steve Salo, Principal Systems Engineer at Infoblox, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Conventio...
Data scientists must access high-performance computing resources across a wide-area network. To achieve cloud-based HPC visualization, researchers must transfer datasets and visualization results efficiently. HPC clusters now compute GPU-accelerated visualization in the cloud cluster. To efficiently display results remotely, a high-performance, low-latency protocol transfers the display from the cluster to a remote desktop. Further, tools to easily mount remote datasets and efficiently transfer...
"Akvelon is a software development company and we also provide consultancy services to folks who are looking to scale or accelerate their engineering roadmaps," explained Jeremiah Mothersell, Marketing Manager at Akvelon, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
"MobiDev is a software development company and we do complex, custom software development for everybody from entrepreneurs to large enterprises," explained Alan Winters, U.S. Head of Business Development at MobiDev, in this SYS-CON.tv interview at 21st Cloud Expo, held Oct 31 – Nov 2, 2017, at the Santa Clara Convention Center in Santa Clara, CA.
Agile has finally jumped the technology shark, expanding outside the software world. Enterprises are now increasingly adopting Agile practices across their organizations in order to successfully navigate the disruptive waters that threaten to drown them. In our quest for establishing change as a core competency in our organizations, this business-centric notion of Agile is an essential component of Agile Digital Transformation. In the years since the publication of the Agile Manifesto, the conn...