Engineering Services Company Jacobs Solutions Tightens FY24 EPS Forecast: Details Here
Financial Performance: Jacobs Solutions Inc. reported third-quarter FY24 revenue of $4.23 billion, exceeding expectations, with adjusted EPS of $1.96 in line with consensus. The company also noted a strong backlog of $30.6 billion and cash flow from operations of $483 million.
Future Outlook: The company reiterated its FY24 adjusted EBITDA outlook and revised its adjusted EPS forecast to between $7.85 and $8.05, while announcing plans for a strategic spin-off and an upcoming Investor Day on February 18, 2025.
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Becton, Dickinson and Company (BDX) Receives FDA Clearance for New Breast Biopsy System, Expected Market Launch in 2026
- FDA Approval: The U.S. FDA granted clearance for Becton, Dickinson and Company's EnCor EnCompass Breast Biopsy and Tissue Removal System, expected to launch in early 2026, enhancing the biopsy experience across various imaging modalities and strengthening market competitiveness.
- Stable Market Valuation: BDX maintains a market capitalization of $59.10 billion, with a 52-week stock range of $162.29 to $251.99, reflecting robust performance in the medical device sector and aligning with broader market trends, indicating investor confidence in future growth.
- Positive Technical Indicators: BDX's Relative Strength Index (RSI) stands at 66.21, indicating neutral to bullish momentum, while a MACD of 2.94 suggests strong price momentum, potentially providing a favorable entry point for investors.
- Earnings Forecast: Analysts project earnings per share of $2.82, down from $3.43 last year, with revenue slightly decreasing to $5.15 billion; however, the consensus Buy rating and an average price target of $245.93 reflect optimism about the company's future performance.
EQTY's Underlying Holdings Could Mean 10% Gain Potential
Kovitz Core Equity ETF Analysis: The Kovitz Core Equity ETF (EQTY) has an implied analyst target price of $28.13 per unit, indicating a potential upside of 10.10% from its current trading price of $25.55.
Notable Holdings and Analyst Targets: Key holdings like Fiserv Inc, Analog Devices Inc, and PPG Industries Inc show significant upside potential based on analyst targets, raising questions about the accuracy and optimism of these projections.
Analysts Expect 13% Upside For The Holdings of EQTY
Kovitz Core Equity ETF Analysis: The Kovitz Core Equity ETF (EQTY) has an implied analyst target price of $26.74 per unit, indicating a potential upside of 12.99% from its recent trading price of $23.67.
Notable Holdings with Upside Potential: Key holdings like Applied Materials (AMAT), AMENTUM HOLDINGS (AMTM), and Alphabet Inc (GOOGL) show significant upside potential based on analysts' target prices, suggesting optimism about their future performance.
Earnings Just Put Dan Loeb's Bets To The Test — Here's What Held Up
Earnings Insights: Dan Loeb's Third Point portfolio revealed mixed earnings results across various sectors, with Cinemark reducing its stake and reporting losses, while Corpay's sales missed estimates despite an EPS in line with consensus. Jacobs Solutions exceeded revenue expectations, while Primo Brands showed significant revenue growth but fell short of analyst estimates.
Stock Performance: Year-to-date performance varied among the companies, with Cinemark down 2.13%, Corpay up 3.32%, Jacobs down 4.57%, and Primo Brands increasing by 3.35%, reflecting differing market responses to their earnings reports and forecasts.
CarMax Accelerates Used Car Sales Growth, Despite Earnings Miss
Earnings Report Highlights: CarMax reported fourth-quarter sales of $6 billion, exceeding expectations, while retail used unit sales rose 6.2% year-over-year; however, earnings per share fell short of analyst estimates at 58 cents.
Future Outlook and Expansion Plans: The company plans to open six new store locations and four reconditioning/auction centers in fiscal year 2026, with projected capital expenditures of approximately $575 million due to deferred land purchases.
Kovitz Core Equity (EQTY) Shares Cross Above 200 DMA
52 Week Range of EQTY: EQTY's stock has a 52-week low of $20.75 and a high of $25.33, with the last trade recorded at $23.41.
Author's Perspective: The opinions expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
Becton, Dickinson and Company (BDX) Receives FDA Clearance for New Breast Biopsy System, Expected Market Launch in 2026
- FDA Approval: The U.S. FDA granted clearance for Becton, Dickinson and Company's EnCor EnCompass Breast Biopsy and Tissue Removal System, expected to launch in early 2026, enhancing the biopsy experience across various imaging modalities and strengthening market competitiveness.
- Stable Market Valuation: BDX maintains a market capitalization of $59.10 billion, with a 52-week stock range of $162.29 to $251.99, reflecting robust performance in the medical device sector and aligning with broader market trends, indicating investor confidence in future growth.
- Positive Technical Indicators: BDX's Relative Strength Index (RSI) stands at 66.21, indicating neutral to bullish momentum, while a MACD of 2.94 suggests strong price momentum, potentially providing a favorable entry point for investors.
- Earnings Forecast: Analysts project earnings per share of $2.82, down from $3.43 last year, with revenue slightly decreasing to $5.15 billion; however, the consensus Buy rating and an average price target of $245.93 reflect optimism about the company's future performance.
EQTY's Underlying Holdings Could Mean 10% Gain Potential
Kovitz Core Equity ETF Analysis: The Kovitz Core Equity ETF (EQTY) has an implied analyst target price of $28.13 per unit, indicating a potential upside of 10.10% from its current trading price of $25.55.
Notable Holdings and Analyst Targets: Key holdings like Fiserv Inc, Analog Devices Inc, and PPG Industries Inc show significant upside potential based on analyst targets, raising questions about the accuracy and optimism of these projections.
Analysts Expect 13% Upside For The Holdings of EQTY
Kovitz Core Equity ETF Analysis: The Kovitz Core Equity ETF (EQTY) has an implied analyst target price of $26.74 per unit, indicating a potential upside of 12.99% from its recent trading price of $23.67.
Notable Holdings with Upside Potential: Key holdings like Applied Materials (AMAT), AMENTUM HOLDINGS (AMTM), and Alphabet Inc (GOOGL) show significant upside potential based on analysts' target prices, suggesting optimism about their future performance.
Earnings Just Put Dan Loeb's Bets To The Test — Here's What Held Up
Earnings Insights: Dan Loeb's Third Point portfolio revealed mixed earnings results across various sectors, with Cinemark reducing its stake and reporting losses, while Corpay's sales missed estimates despite an EPS in line with consensus. Jacobs Solutions exceeded revenue expectations, while Primo Brands showed significant revenue growth but fell short of analyst estimates.
Stock Performance: Year-to-date performance varied among the companies, with Cinemark down 2.13%, Corpay up 3.32%, Jacobs down 4.57%, and Primo Brands increasing by 3.35%, reflecting differing market responses to their earnings reports and forecasts.
CarMax Accelerates Used Car Sales Growth, Despite Earnings Miss
Earnings Report Highlights: CarMax reported fourth-quarter sales of $6 billion, exceeding expectations, while retail used unit sales rose 6.2% year-over-year; however, earnings per share fell short of analyst estimates at 58 cents.
Future Outlook and Expansion Plans: The company plans to open six new store locations and four reconditioning/auction centers in fiscal year 2026, with projected capital expenditures of approximately $575 million due to deferred land purchases.
Kovitz Core Equity (EQTY) Shares Cross Above 200 DMA
52 Week Range of EQTY: EQTY's stock has a 52-week low of $20.75 and a high of $25.33, with the last trade recorded at $23.41.
Author's Perspective: The opinions expressed in the article are solely those of the author and do not necessarily represent Nasdaq, Inc.
