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NEWS_0 | Investors can approximate the average market return by buying an index fund. Active investors aim to buy stocks that vastly outperform the market - but in the process, they risk under-performance. Investors in The First Bancshares, Inc. (NASDAQ:FBMS) have tasted that bitter downside in the last year, as the share price dropped 20%. That falls noticeably short of the market decline of around 10%. Longer term shareholders haven't suffered as badly, since the stock is down a comparatively less painful 10% in three years.
Now let's have a look at the company's fundamentals, and see if the long term shareholder return has matched the performance of the underlying business.
View our latest analysis for First Bancshares
While the efficient markets hypothesis continues to be taught by some, it has been proven that markets are over-reactive dynamic systems, and investors are not always rational. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
Unfortunately First Bancshares reported an EPS drop of 2.9% for the last year. This reduction in EPS is not as bad as the 20% share price fall. This suggests the EPS fall has made some shareholders are more nervous about the business. The less favorable sentiment is reflected in its current P/E ratio of 11.76.
The company's earnings per share (over time) is depicted in the image below (click to see the exact numbers).
We're pleased to report that the CEO is remunerated more modestly than most CEOs at similarly capitalized companies. But while CEO remuneration is always worth checking, the really important question is whether the company can grow earnings going forward. This free interactive report on First Bancshares' earnings, revenue and cash flow is a great place to start, if you want to investigate the stock further.
A Different Perspective
While the broader market lost about 10% in the twelve months, First Bancshares shareholders did even worse, losing 18% (even including dividends). However, it could simply be that the share price has been impacted by broader market jitters. It might be worth keeping an eye on the fundamentals, in case there's a good opportunity. Regrettably, last year's performance caps off a bad run, with the shareholders facing a total loss of 0.2% per year over five years. Generally speaking long term share price weakness can be a bad sign, though contrarian investors might want to research the stock in hope of a turnaround. While it is well worth considering the different impacts that market conditions can have on the share price, there are other factors that are even more important. To that end, you should be aware of the 1 warning sign we've spotted with First Bancshares .
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If you would prefer to check out another company -- one with potentially superior financials -- then do not miss this free list of companies that have proven they can grow earnings.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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NEWS_1 | Shares of FuelCell Energy Inc. FCEL, +9.79% rose 9.79% to $3.70 Monday, on what proved to be an all-around positive trading session for the stock market, with the NASDAQ Composite Index COMP, +2.01% rising 2.01% to 11,364.41 and the Dow Jones Industrial Average DJIA, +0.76% rising 0.76% to 33,629.56. This was the stock's second consecutive day of gains. FuelCell Energy Inc. closed $3.63 below its 52-week high ($7.33), which the company reached on March 11th.
Trading volume (14.7 M) eclipsed its 50-day average volume of 10.9 M.
Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use. |
NEWS_2 | FTI Consulting, Inc.
Majdi Al-Madani Joins as Senior Managing Director and Raed Masri Joins as Managing Director
RIYADH, Saudi Arabia, Jan. 23, 2023 (GLOBE NEWSWIRE) -- FTI Consulting, Inc. (NYSE: FCN) today announced the appointments of Majdi Al-Madani as a Senior Managing Director in the firm’s Forensic and Litigation Consulting segment and Raed Masri as a Managing Director in the Corporate Finance & Restructuring segment in Riyadh, Saudi Arabia.
Mr. Al-Madani has more than 20 years of experience advising on forensic reviews and fraud investigations in a range of sectors, including banking, financial services, real estate, life sciences, maritime, agriculture and construction. He assists corporates and banks on fraud-related matters, antibribery and corruption policy and procedures, and regulatory and compliance matters. Prior to joining FTI Consulting, Mr. Al-Madani was a partner at a global management consulting firm. He previously held leadership roles at two Big Four firms in Saudi Arabia and worked in compliance, audit and management roles at major banks in the region.
Mr. Al Madani will be joined by Sara Gassam, an investigations expert who has been appointed as a Director. Ms. Gassam has nine years of experience in investigations and forensic reviews from previous roles with a Big Four firm and an international construction disputes consultancy. She has worked with banks, government entities, multinational companies and family-owned businesses in a variety of sectors, including aviation, construction, pharmaceuticals and entertainment.
“Majdi brings valuable experience in the complex issues that our clients face in Saudi Arabia, and we are delighted to have him on board to support our growth ambitions in the region,” said Rory O’Brien, EMEA Head of the Forensic and Litigation Consulting segment at FTI Consulting. “We continue to expand our offering in international markets that are critical to our clients. The arrival of skilled experts such as Majdi and Sara is consistent with that strategy.”
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Commenting on his appointment, Mr. Al-Madani said, “FTI Consulting has a long-established presence in the Middle East, and I am excited to contribute to the firm’s ongoing success as it pursues a new phase of growth in Saudi Arabia. Businesses face increasing regulatory and compliance pressure in their efforts to combat fraud and corruption, and I will work alongside my new colleagues to help clients address these complex challenges.”
Mr. Masri is a seasoned transactions advisory expert who brings more than 14 years of experience in buy-side and sell-side financial due diligence, valuations, financial feasibility reviews, business planning and IPO-related work. Mr. Masri’s experience spans various countries across the Middle East, including Saudi Arabia, Qatar, Oman, Kuwait and Egypt. Prior to joining FTI Consulting, he was a Director at a Big Four firm.
“Raed’s arrival is another important milestone in the development of our presence in Saudi Arabia,” said Vikas Papriwal, Head of the Corporate Finance & Restructuring segment in the Middle East at FTI Consulting. “He brings a deep understanding of the key sectors in which our clients operate, including construction, healthcare, financial services, retail, energy and logistics, and strengthens the transaction services that we provide clients across the region.”
FTI Consulting’s offerings in Saudi Arabia are supported by the firm’s wider Middle East capabilities, which include teams of experts in construction solutions, data privacy, forensic and digital investigations, strategy consulting and strategic communications.
These hires follow a series of senior-level appointments at FTI Consulting in the Middle East. During 2022, the firm strengthened its Forensic and Litigation Consulting segment with the addition of financial crime experts Abi-gail Marshman, who joined the Abu Dhabi office as Middle East and North Africa Head of the Financial Crime practice; Dan McWilliams and Zarik Nawaz, who joined as Managing Directors in Dubai; and emerging technologies expert Jorge Carrasco, who was appointed as a Managing Director in Dubai. In addition, the arrival of Nilesh Ashar as a Senior Managing Director and Sameep Uchil as a Managing Director earlier this month spearheaded the formation of the firm’s dedicated Tax practice in the United Arab Emirates.
About FTI Consulting
FTI Consulting, Inc. is a global business advisory firm dedicated to helping organisations manage change, mitigate risk and resolve disputes: financial, legal, operational, political & regulatory, reputational and transactional. With more than 7,500 employees located in 31 countries, FTI Consulting professionals work closely with clients to anticipate, illuminate and overcome complex business challenges and make the most of opportunities. The Company generated $2.78 billion in revenues during fiscal year 2021. In certain jurisdictions, FTI Consulting’s services are provided through distinct legal entities that are separately capitalised and independently managed. For more information, visit www.fticonsulting.com and connect with us on Twitter (@FTIConsulting), Facebook and LinkedIn.
FTI Consulting, Inc.
200 Aldersgate
Aldersgate Street
London, EC1A 4HD
Investor Contact:
Mollie Hawkes
+1.617.747.1791
[email protected]
Media Contact:
Helen Obi
+44 20 7632 5071
[email protected]
|
NEWS_3 | MILL VALLEY, Calif., January 23, 2023--(BUSINESS WIRE)--Four Corners Property Trust (NYSE:FCPT), a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), announced today that it has promoted James Brat to serve as FCPT’s Chief Operations Officer. Mr. Brat joined FCPT at its inception in November 2015 as General Counsel and was promoted to Chief Transaction Officer in January 2020.
In Mr. Brat’s over seven years with the Company, FCPT has acquired 624 properties, grown its employee base, and invested significantly in its operations at its headquarters in Mill Valley. "As we have continued to grow, Jim has been integral to the development of our operations, legal, human resources, and property management teams all while overseeing our owned restaurant operations under Kerrow Holdings and assisting in capital raising," said Bill Lenehan, CEO of FCPT. "Jim’s unique skill set encompasses operations, real estate transactions and legal judgment that makes him an important member of FCPT and critical to our effort to drive value for our shareholders."
About FCPT
FCPT, headquartered in Mill Valley, CA, is a real estate investment trust primarily engaged in the ownership, acquisition and leasing of restaurant and retail properties. The Company seeks to grow its portfolio by acquiring additional real estate to lease, on a net basis, for use in the restaurant and retail industries. Additional information about FCPT can be found on the website at www.fcpt.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005785/en/
Contacts
Four Corners Property Trust:
Bill Lenehan, 415-965-8031
CEO
Gerry Morgan, 415-965-8032
CFO |
NEWS_4 | Franklin Electric Co., Inc.
FORT WAYNE, Ind., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Franklin Electric Co., Inc. (NASDAQ: FELE) announced today that its Board of Directors declared a quarterly cash dividend of $0.225 per share payable February 16, 2023, to shareholders of record on February 2, 2023. This represents a 15 percent increase from the prior quarterly dividend.
“This dividend increase will mark the 31st consecutive year that Franklin Electric has increased its dividend, demonstrating its commitment to returning cash to shareholders and confidence in the outlook of the business,” commented Gregg Sengstack, Franklin Electric’s Chairperson and Chief Executive Officer.
Franklin Electric is a global leader in the production and marketing of systems and components for the movement of water and fuel. Recognized as a technical leader in its products and services, Franklin Electric serves customers around the world in residential, commercial, agricultural, industrial, municipal, and fueling applications.
“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995. Any forward-looking statements contained herein, including those relating to market conditions or the Company’s financial results, costs, expenses or expense reductions, profit margins, inventory levels, foreign currency translation rates, liquidity expectations, business goals and sales growth, involve risks and uncertainties, including but not limited to, risks and uncertainties with respect to general economic and currency conditions, various conditions specific to the Company’s business and industry, weather conditions, new housing starts, market demand, competitive factors, changes in distribution channels, supply constraints, effect of price increases, raw material costs, technology factors, integration of acquisitions, litigation, government and regulatory actions, the Company’s accounting policies, future trends, epidemics and pandemics, and other risks which are detailed in the Company’s Securities and Exchange Commission filings, included in Item 1A of Part I of the Company’s Annual Report on Form 10-K for the fiscal year ending December 31, 2021, Exhibit 99.1 attached thereto and in Item 1A of Part II of the Company’s Quarterly Reports on Form 10-Q. These risks and uncertainties may cause actual results to differ materially from those indicated by the forward-looking statements. All forward-looking statements made herein are based on information currently available, and the Company assumes no obligation to update any forward-looking statements.
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Contact: Jeffery L. Taylor Franklin Electric Co., Inc. 260.824.2900
|
NEWS_5 | Franklin Electric Co. said Monday it will raise its quarterly dividend to 22.5 cents per share, that represents a 15.3% increase from the prior dividend of 19.5 cents a share. The new dividend will be payable Feb. 16 to shareholders of record on Feb. 2. Shares of the maker of water and fuel movement products was still untraded ahead of Monday’s open. Based on Friday’s stock closing price of $85.09, the new annual dividend rate implies a dividend yield of 1.06%, which compares with the implied yield for the S&P 500 of 1.70%. Franklin Electric’s stock has slipped 0.2% over the past three months, while the S&P 500 has gained 5.9%. |
NEWS_6 | First Financial Bankshares (NASDAQ:FFIN) Full Year 2022 Results
Key Financial Results
Revenue: US$515.7m (flat on FY 2021).
Net income: US$234.5m (up 3.0% from FY 2021).
Profit margin: 46% (up from 44% in FY 2021).
EPS: US$1.64 (up from US$1.60 in FY 2021).
FFIN Banking Performance Indicators
Net interest margin (NIM): 3.29% (down from 3.40% in FY 2021).
Cost-to-income ratio: 43.3% (down from 45.8% in FY 2021).
Non-performing loans: 0.38% (down from 0.59% in FY 2021).
All figures shown in the chart above are for the trailing 12 month (TTM) period
First Financial Bankshares Earnings Insights
Looking ahead, revenue is forecast to grow 5.5% p.a. on average during the next 2 years, compared to a 6.4% growth forecast for the Banks industry in the US.
Performance of the American Banks industry.
The company's shares are down 2.0% from a week ago.
Balance Sheet Analysis
Just as investors must consider earnings, it is also important to take into account the strength of a company's balance sheet. We have a graphic representation of First Financial Bankshares' balance sheet and an in-depth analysis of the company's financial position.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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NEWS_7 | Independent Bank Group (IBTX) came out with quarterly earnings of $1.20 per share, missing the Zacks Consensus Estimate of $1.28 per share. This compares to earnings of $1.28 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -6.25%. A quarter ago, it was expected that this bank holding company would post earnings of $1.35 per share when it actually produced earnings of $1.33, delivering a surprise of -1.48%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Independent Bank Group , which belongs to the Zacks Banks - Southeast industry, posted revenues of $153.01 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 5.20%. This compares to year-ago revenues of $147.74 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Independent Bank Group shares have added about 1.1% since the beginning of the year versus the S&P 500's gain of 3.5%.
What's Next for Independent Bank Group?
While Independent Bank Group has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
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Ahead of this earnings release, the estimate revisions trend for Independent Bank Group: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.19 on $159.28 million in revenues for the coming quarter and $5.17 on $662.7 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
First Guaranty Bancshares (FGBI), another stock in the same industry, has yet to report results for the quarter ended December 2022.
This bank holding company is expected to post quarterly earnings of $0.54 per share in its upcoming report, which represents a year-over-year change of -22.9%. The consensus EPS estimate for the quarter has been revised 18.6% lower over the last 30 days to the current level.
First Guaranty Bancshares' revenues are expected to be $28.16 million, up 2.4% from the year-ago quarter.
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Independent Bank Group, Inc (IBTX) : Free Stock Analysis Report
First Guaranty Bancshares, Inc. (FGBI) : Free Stock Analysis Report
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Zacks Investment Research |
NEWS_8 | RBB (RBB) came out with quarterly earnings of $0.92 per share, missing the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -1.08%. A quarter ago, it was expected that this bank holding company would post earnings of $0.85 per share when it actually produced earnings of $0.87, delivering a surprise of 2.35%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
RBB , which belongs to the Zacks Banks - West industry, posted revenues of $41.35 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 2.72%. This compares to year-ago revenues of $36.38 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
RBB shares have lost about 1% since the beginning of the year versus the S&P 500's gain of 3.5%.
What's Next for RBB?
While RBB has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Story continues
Ahead of this earnings release, the estimate revisions trend for RBB: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.87 on $42.75 million in revenues for the coming quarter and $3.46 on $171.25 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
First Hawaiian (FHB), another stock in the same industry, has yet to report results for the quarter ended December 2022. The results are expected to be released on January 27.
This bank holding company is expected to post quarterly earnings of $0.57 per share in its upcoming report, which represents a year-over-year change of +7.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
First Hawaiian's revenues are expected to be $216.39 million, up 21% from the year-ago quarter.
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RBB Bancorp (RBB) : Free Stock Analysis Report
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Zacks Investment Research |
NEWS_9 | Analyst Report: Five Below, Inc.
Five Below is a value-oriented retailer that operated 1,190 stores in the United States as of the end of fiscal 2021. Catering to teen and preteen consumers, its stores feature a wide variety of merchandise, the vast majority of which is priced below $6. The assortment focuses on discretionary items in several categories, particularly leisure (such as sporting goods, toys, and electronics; 48% of fiscal 2021 sales), fashion and home (for example, beauty products and accessories, home goods, and storage solutions; 30% of fiscal 2021 sales), and party and snack (including seasonal goods, candy, and beverages; 22% of fiscal 2021 sales). The chain had stores in 40 states as of the end of fiscal 2021. |
NEWS_10 | Conference call and webcast to be held on Tuesday, February 7, 2023
DUBUQUE, Iowa, January 23, 2023--(BUSINESS WIRE)--Flexsteel Industries, Inc. (NASDAQ:FLXS) ("Flexsteel" or the "Company"), one of the largest manufacturers, importers and marketers of residential furniture products in the United States, announced today that it will issue its second quarter 2023 financial results after market close on Monday, February 6, 2023.
A conference call and audio webcast with analysts and investors will be held on Tuesday, February 7, 2023 at 8:00 a.m. Central Time to discuss the results and answer questions.
Live conference call: 866-777-2509 (domestic) or 412-317-5413 (international)
Conference call replay available through February 14, 2023: 877-344-7529 (domestic) or 412-317-0088 (international)
Replay access code: 1489243
Live and archived webcast: ir.flexsteel.com
To pre-register for the earnings conference call and avoid the need to wait for a live operator, investors can visit https://dpregister.com/sreg/10173641/f5410e4582 and enter their contact information. Registered participants will receive their dial-in number upon registration.
The second quarter 2023 earnings release can be accessed at ir.flexsteel.com after market close on Monday, February 6, 2023.
About Flexsteel
Flexsteel Industries, Inc., and Subsidiaries (the "Company") is one of the largest manufacturers, importers, and marketers of residential furniture products in the United States. Product offerings include a wide variety of furniture such as sofas, loveseats, chairs, reclining rocking chairs, swivel rockers, sofa beds, convertible bedding units, occasional tables, desks, dining tables and chairs, kitchen storage, bedroom furniture, and outdoor furniture. A featured component in most of the upholstered furniture is a unique steel drop-in seat spring from which the name "Flexsteel" is derived. The Company distributes its products throughout the United States through its e-commerce channel and direct sales force.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005040/en/
Contacts
INVESTOR CONTACT:
Alejandro Huerta, Flexsteel Industries, Inc. 563-585-8126
[email protected] |
NEWS_11 | Fomento Economico Mexicano
MONTERREY, Mexico, Jan. 23, 2023 (GLOBE NEWSWIRE) -- Fomento Económico Mexicano, S.A.B. de C.V. (“FEMSA” or the “Company”) (NYSE: FMX; BMV: FEMSAUBD, FEMSAUB) announced today that it has signed, through a wholly-owned subsidiary, an agreement with Concesionaria Vuela Compañía de Aviación, S.A.P.I. de C.V. (“Volaris”), the ultra-low-cost carrier serving Mexico, the United States, Central, and South America to become the first third-party partner of FEMSA’s coalition loyalty program (the “Program”).
This Program will offer exclusive benefits for its users, allowing them to accrue and redeem reward points with OXXO, Volaris and future allies.
Alejandro Gonzalez-Saúl, Director of Digital@FEMSA’s loyalty strategy, commented:
“In Volaris we have found a great ally that will help us benefit millions of customers. Starting this year, our customers will be able to enjoy exclusive rewards with OXXO and Volaris, Mexico’s largest airline. This agreement is only the beginning as we are constantly working to add more partners to allow our customers to do and achieve more with their money.”
The terms and conditions applicable to the users of the Program will be published once the implementation of this partnership is finalized.
About FEMSA
FEMSA is a company that creates economic and social value through companies and institutions and strives to be the best employer and neighbor to the communities in which it operates. It participates in the retail industry through a Proximity Division operating OXXO, a small-format store chain, OXXO Gas, a chain of retail service stations, and Valora, our European retail unit with convenience store and food service operations. In the retail industry it also participates though a Health Division, which includes drugstores and related activities and Digital@FEMSA, which includes Spin by OXXO and OXXO Premia, among other loyalty and digital financial services initiatives. In the beverage industry, it participates through Coca-Cola FEMSA, the largest franchise bottler of Coca-Cola products in the world by volume; and in the beer industry, as the second largest shareholder of Heineken, one of the world’s leading brewers with operations in over 70 countries. FEMSA also participates in the logistics and distribution industry through its Strategic Business Unit, which additionally provides point-of-sale refrigeration and plastic solutions to its business units and third-party clients. Across its business units, FEMSA has more than 320,000 employees in 18 countries. FEMSA is a member of the Dow Jones Sustainability MILA Pacific Alliance, the FTSE4Good Emerging Index and the Mexican Stock Exchange Sustainability Index: S&P/BMV Total México ESG, among other indexes that evaluate its sustainability performance.
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About Digital@FEMSA
Digital@FEMSA is the technology innovation division that offers digital solutions to simplify the lives of our customers. It is integrated by businesses that leverage technology to create trustworthy and practical tools, such as Spin by OXXO, and by a diverse and multidisciplinary team focused on developing an innovative and differentiated value proposition in the market. Backed by the more than 130 years of experiences and commitment to excellence of FEMSA, this division continues the mission of generating economic and social value, now in the digital community.
Investor Contact
(52) 818-328-6000
[email protected]
femsa.gcs-web.com
Media Contact
(52) 555-249-6843
[email protected]
femsa.com
|
NEWS_12 | BANGKOK, January 23, 2023--(BUSINESS WIRE)--Fabrinet (NYSE: FN), a leading provider of advanced optical packaging and precision optical, electro-mechanical and electronic manufacturing services to original equipment manufacturers of complex products, today announced it will release its second quarter fiscal year 2023 financial results for the period ended December 30, 2022 after market close on Monday, February 6, 2023. On that day, management will hold a conference call and webcast at 5:00 p.m. ET to review and discuss the Company’s results.
What: Fabrinet Second Quarter Fiscal Year 2023 Financial Results Call When: Monday, February 6, 2023 Time: 5:00 p.m. ET Live Call & Replay: https://investor.fabrinet.com/events-and-presentations/events
A recorded version of this webcast will be available approximately two hours after the call and also accessible at https://investor.fabrinet.com/. The webcast will be archived on Fabrinet’s website for a period of one year.
About Fabrinet
Fabrinet is a leading provider of advanced optical packaging and precision optical, electro-mechanical, and electronic manufacturing services to original equipment manufacturers of complex products, such as optical communication components, modules and subsystems, automotive components, medical devices, industrial lasers and sensors. Fabrinet offers a broad range of advanced optical and electro-mechanical capabilities across the entire manufacturing process, including process design and engineering, supply chain management, manufacturing, advanced packaging, integration, final assembly and testing. Fabrinet focuses on production of high complexity products in any mix and any volume. Fabrinet maintains engineering and manufacturing resources and facilities in Thailand, the United States of America, the People’s Republic of China, Israel and the United Kingdom. For more information visit: www.fabrinet.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005076/en/
Contacts
Investor Contact:
Garo Toomajanian
[email protected] |
NEWS_13 | F.N.B. (FNB) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 7.32%. A quarter ago, it was expected that this financial holding company would post earnings of $0.36 per share when it actually produced earnings of $0.39, delivering a surprise of 8.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
F.N.B. , which belongs to the Zacks Banks - Southeast industry, posted revenues of $415.5 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 4.86%. This compares to year-ago revenues of $302.26 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
F.N.B. Shares have lost about 0.9% since the beginning of the year versus the S&P 500's gain of 3.5%.
What's Next for F.N.B.
While F.N.B. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
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Ahead of this earnings release, the estimate revisions trend for F.N.B. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.37 on $398.02 million in revenues for the coming quarter and $1.55 on $1.61 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, National Bank Holdings (NBHC), is yet to report results for the quarter ended December 2022. The results are expected to be released on January 24.
This holding company for NBH Bank is expected to post quarterly earnings of $0.80 per share in its upcoming report, which represents a year-over-year change of +6.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
National Bank Holdings' revenues are expected to be $110.53 million, up 52% from the year-ago quarter.
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NEWS_14 | Shares of Franco-Nevada Corp. FNV, -0.86% dropped 0.86% to C$194.97 Monday, in what proved to be an otherwise all-around favorable trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, +0.63% rising 0.63% to 20,631.58. Franco-Nevada Corp. closed C$21.35 below its 52-week high (C$216.32), which the company achieved on March 8th. Trading volume of 419,128 shares eclipsed its 50-day average volume of 381,420.
Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use. |
NEWS_15 | CAMBRIDGE, Mass., January 23, 2023--(BUSINESS WIRE)--Forrester (Nasdaq: FORR) today introduced Forrester Decisions for Partner Ecosystem Marketing, the next generation of its Forrester Decisions for Channel Marketing service. The enhanced service is designed to help marketing leaders modernize their existing partner programs as partner ecosystems further evolve and expand. Forrester data shows that in 2022, nearly half of B2B channel and ecosystem leaders expected annual growth in the number of partners they engaged with. This year, the formation of partner ecosystems will continue to rise and extend beyond transactional or resell motions. These partner ecosystems will also include non-transacting partners that play a vital role in actualizing value across the entire customer lifecycle.
This Forrester Decisions service will help partner ecosystem marketing leaders develop, enable, and engage their partners to drive loyalty and amplify revenue growth throughout their ecosystem. Forrester Decisions for Partner Ecosystem Marketing will also help executives, functional leaders, and their teams plan for and pursue their most pressing priorities, including:
Formulating a partner ecosystem marketing strategy.
Planning and measuring for partner ecosystem success.
Optimizing insights-driven partner demand.
Modernizing the partner program.
Enabling ecosystem partners.
Winning mindshare through partner engagement.
Building a world-class partner ecosystem marketing team.
"B2B organizations are experiencing tremendous shifts across their partner ecosystems," said Maria Chien, VP and research director at Forrester. "Currently, two-thirds of B2B channel and ecosystem leaders report that the orchestration of partner ecosystems is very important or essential to their organization. The Partner Ecosystem Marketing service within our Forrester Decisions portfolio will ensure that marketing leaders have access to the research and tools they need to fully capitalize on their partner ecosystems to drive business growth."
Each Forrester Decisions service is built to empower leaders and their teams to move quickly, de-risk decisions, and save time and money through:
Bold vision research to stay ahead of shifting customer and market dynamics and plan for the future.
Curated tools and frameworks to conquer priorities and deliver on strategies with strategic models and plug-and-play templates. For example, the Forrester Partner Ecosystem Multiplier Model enables marketing leaders to build partner-obsessed organizations that drive alignment between partner ecosystem strategy, buyer and customer needs, partner success, and joint business outcomes.
Hands-on guidance to accelerate progress and de-risk decisions with a tailored experience through analyst guidance sessions, peer discussions, and events.
Resources:
Learn more about Forrester Decisions for Partner Ecosystem Marketing.
Explore Forrester’s Planning Guide 2023: Channel Marketing report (client access required).
Check out strategy insights for B2B marketing leaders.
About Forrester
Forrester (Nasdaq: FORR) is one of the most influential research and advisory firms in the world. We help leaders across technology, customer experience, digital, marketing, sales, and product functions use customer obsession to accelerate growth. Through Forrester’s proprietary research, consulting, and events, leaders from around the globe are empowered to be bold at work — to navigate change and put their customers at the center of their leadership, strategy, and operations. Our unique insights are grounded in annual surveys of more than 700,000 consumers, business leaders, and technology leaders worldwide; rigorous and objective research methodologies, including Forrester Wave™ evaluations; 100 million real-time feedback votes; and the shared wisdom of our clients. To learn more, visit Forrester.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005133/en/
Contacts
Ira Kantor
Forrester Research
[email protected] |
NEWS_16 | Forrester Research Inc (NASDAQ: FORR) has launched Forrester Decisions for Partner Ecosystem Marketing, the next generation of its Forrester Decisions for Channel Marketing service.
The enhanced service will enable marketing organizations to modernize their existing partner programs.
The service will help formulate a partner ecosystem marketing strategy, plan and measure for partner ecosystem success, optimize insights-driven partner demand, modernize the partner program, enable ecosystem partners, win mindshare through partner engagement, and build a world-class partner ecosystem marketing team.
"The Partner Ecosystem Marketing service within our Forrester Decisions portfolio will ensure that marketing leaders have access to the research and tools they need to fully capitalize on their partner ecosystems to drive business growth," said Maria Chien, VP and research director at Forrester.
Price Action: FORR shares are trading lower by 0.70% at $36.65 on the last check Monday.
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© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. |
NEWS_17 | Pet Retailer Ranked No. 22 in the Franchise 500® Ranking
LIVONIA, Mich., Jan. 23, 2023 /PRNewswire/ -- Pet Supplies Plus, the largest independent pet franchise in North America with over 660 stores in 41 states, was named top pet franchise for the ninth year in a row by Entrepreneur's Franchise 500®, the world's first and most comprehensive franchise ranking.
Franchise Pet Supplies Plus is focused on making it easier to get better products for your pet. (PRNewsfoto/Pet Supplies Plus)
The 43rd annual Entrepreneur Franchise 500® is a highly sought-after honor in the franchise industry. Recognized as an invaluable resource for potential franchisees, the 2022 Franchise 500® ranks Pet Supplies Plus as No. 22 for its outstanding performance in key areas including unit growth, financial strength and stability, support and brand power.
Entrepreneur Editor in Chief Jason Feifer shared that, "The companies named to this year's list showed us how being resilient, supportive, and nimble can help navigate extraordinary challenges and also underscore the grit and innovation that define entrepreneurship."
The ranking recognition follows the company's latest development deals announced last month, which marked 90 signed franchise agreements for Pet Supplies Plus.
Pet Supplies Plus was also included in Franchise Time's Fast & Serious ranking of 40 Smartest-Growing Franchises.
Pet Supplies Plus acquired Wag N' Wash in February of 2022, to offer pet parents an unmatched pet grooming and retail experience. Investors can select between two unique business models that both benefit from the same infrastructure support providing best in class purchasing power, supply chain efficiencies and advanced marketing campaigns.
"Pet Supplies Plus has been pet-focused and neighbor-centric since our founding over 30 years ago. We are proud to now offer a second concept with Wag N' Wash that also offers neighbors pet services with the same best-in-class, retail experience," said Chris Rowland, CEO of Pet Supplies Plus and Wag N' Wash.
To find out more about the franchise opportunities with the lowest royalty fees within the pet category, fill out a 'get started form' for Pet Supplies Plus and Wag N' Wash to speak with a Franchise Development Director.
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About Pet Supplies Plus
Pet Supplies Plus, a subsidiary of Franchise Group, Inc. (NASDAQ: FRG), is focused on making it easier to get better products and services for your pet. With over 660 locations in 41 states and counting, the stores have a streamlined design making it easy to navigate a wide assortment of natural pet foods, goods, and services. Additionally, www.petsuppliesplus.com provides neighbors with additional shopping options to better meet their pet-shopping needs. Headquartered in Livonia, Michigan, Pet Supplies Plus ranked No. 22 in Entrepreneur magazine's 43rd Annual Franchise 500® list as of 2023, and is ranked as the Top Full-Service Pet Supplies Franchise for the ninth year running for its exceptional performance in areas including financial strength and stability, growth rate and system size. For more information on Pet Supplies Plus franchise opportunities, visit www.petsuppliesplusfranchising.com.
About Wag N' Wash
Wag N' Wash Natural Pet Food & Grooming, a full-line dog grooming and self-wash specialty retail destination, has a mission to recognize, promote and foster the positive impact that companion pets and their humans have on each other. Wag N' Wash provides full-service grooming, self-wash facilities, baked dog treats, natural food, supplements, and toys. In 2020, Wag N' Wash was ranked on Denver Business Journal's Colorado-Based Franchisors List, Franchise Times Top 200+ List and Included on Franchise Gator's Top 100 Franchisees List for the third year. Today, there are 14 Wag N' Wash locations open across the nation. To learn more about Wag N' Wash, please visit https://www.wagnwashfranchising.com/.
Cision
View original content to download multimedia:https://www.prnewswire.com/news-releases/pet-supplies-plus-named-top-franchise-in-the-pet-category-for-nine-consecutive-years-by-entrepreneur-magazine-301728209.html
SOURCE Pet Supplies Plus |
NEWS_18 | Analyst Report: Fastly, Inc.
Fastly operates a content delivery network, which is necessary for entities to provide faster and more reliable online content. Fastly’s strategy differs from traditional CDNs, which focused on locating servers in as many locations as possible to store copies of files that consumers most use. Fastly has far fewer sites than traditional CDNs, but it houses servers in the most network-dense data centers. Instead of simply storing static content, it allows its customers to program on its platform, enabling edge computing and better service of the more dynamic content that was traditionally not well served by CDNs. Fastly gears its service to the largest, most sophisticated enterprises rather than small companies and generated about two thirds of its revenue in the United States in 2020. |
NEWS_19 | How far off is Federal Signal Corporation (NYSE:FSS) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by projecting its future cash flows and then discounting them to today's value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. It may sound complicated, but actually it is quite simple!
We would caution that there are many ways of valuing a company and, like the DCF, each technique has advantages and disadvantages in certain scenarios. Anyone interested in learning a bit more about intrinsic value should have a read of the Simply Wall St analysis model.
See our latest analysis for Federal Signal
Crunching The Numbers
We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. To begin with, we have to get estimates of the next ten years of cash flows. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.
A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, and so the sum of these future cash flows is then discounted to today's value:
10-year free cash flow (FCF) forecast
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Levered FCF ($, Millions) US$161.2m US$190.9m US$221.2m US$234.7m US$251.8m US$264.7m US$275.8m US$285.5m US$294.2m US$302.3m Growth Rate Estimate Source Analyst x3 Analyst x2 Analyst x1 Analyst x1 Analyst x1 Est @ 5.12% Est @ 4.18% Est @ 3.52% Est @ 3.06% Est @ 2.73% Present Value ($, Millions) Discounted @ 8.3% US$149 US$163 US$174 US$171 US$169 US$164 US$158 US$151 US$143 US$136
("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$1.6b
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The second stage is also known as Terminal Value, this is the business's cash flow after the first stage. For a number of reasons a very conservative growth rate is used that cannot exceed that of a country's GDP growth. In this case we have used the 5-year average of the 10-year government bond yield (2.0%) to estimate future growth. In the same way as with the 10-year 'growth' period, we discount future cash flows to today's value, using a cost of equity of 8.3%.
Terminal Value (TV)= FCF 2032 × (1 + g) ÷ (r – g) = US$302m× (1 + 2.0%) ÷ (8.3%– 2.0%) = US$4.9b
Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$4.9b÷ ( 1 + 8.3%)10= US$2.2b
The total value is the sum of cash flows for the next ten years plus the discounted terminal value, which results in the Total Equity Value, which in this case is US$3.8b. The last step is to then divide the equity value by the number of shares outstanding. Relative to the current share price of US$50.9, the company appears about fair value at a 18% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.
dcf
The Assumptions
The calculation above is very dependent on two assumptions. The first is the discount rate and the other is the cash flows. You don't have to agree with these inputs, I recommend redoing the calculations yourself and playing with them. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at Federal Signal as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.3%, which is based on a levered beta of 1.054. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.
SWOT Analysis for Federal Signal
Strength
Debt is not viewed as a risk.
Weakness
Earnings declined over the past year.
Dividend is low compared to the top 25% of dividend payers in the Machinery market.
Opportunity
Annual earnings are forecast to grow faster than the American market.
Current share price is below our estimate of fair value.
Threat
Revenue is forecast to grow slower than 20% per year.
Looking Ahead:
Whilst important, the DCF calculation shouldn't be the only metric you look at when researching a company. It's not possible to obtain a foolproof valuation with a DCF model. Rather it should be seen as a guide to "what assumptions need to be true for this stock to be under/overvalued?" If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. For Federal Signal, we've compiled three pertinent factors you should consider:
Risks: Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Federal Signal , and understanding this should be part of your investment process. Future Earnings: How does FSS's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other Solid Businesses: Low debt, high returns on equity and good past performance are fundamental to a strong business. Why not explore our interactive list of stocks with solid business fundamentals to see if there are other companies you may not have considered!
PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just search here.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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NEWS_20 | White Falcon Capital Management LLC, an investment management firm, published its fourth quarter 2022 investor letter – a copy of which can be downloaded here. A quarterly net increase of 2.52% has been recorded by the fund for the fourth quarter of 2022, below the S&P 500 (CAD) Index’s 5.25% gain for the same period. Spare some time to check the fund’s top 5 holdings to have a clue about their top bets for 2022.
In its Q3 2022 investor letter, White Falcon Capital Management mentioned Farfetch Limited (NYSE:FTCH) and explained its insights for the company. Founded in 2007, Farfetch Limited (NYSE:FTCH) is a London, United Kingdom-based online luxury fashion retail platform with a $2.3 billion market capitalization. Farfetch Limited (NYSE:FTCH) delivered a 32.98% return since the beginning of the year, while its 12-month returns are down by -70.91%. The stock closed at $6.29 per share on January 20, 2023.
Here is what White Falcon Capital Management has to say about Farfetch Limited (NYSE:FTCH) in its Q3 2022 investor letter:
"The other half of the portfolio that had negative unrealized and realized losses and the common characteristics they had was that they were either technology stocks or small caps or both! The biggest mistakes in this basket have been Farfetch and CopperLeaf Technologies. Farfetch is the largest scaled e-commerce platform for luxury goods. In addition to being a marketplace, it has a platform solutions business (think Shopify for luxury) as well as a own brands division. Our revenue and margin estimates for Farfetch turned out to be too high when, during an investor day, management lowered their guidance for the business. The business should be able to do 20-30% EBITDA margins in a mature state but that is not looking likely due to lower realized market power and an inflated cost structure."
Our calculations show that Farfetch Limited (NYSE:FTCH) fell short and didn’t make it on our list of the 30 Most Popular Stocks Among Hedge Funds. Farfetch Limited (NYSE:FTCH) was in 50 hedge fund portfolios at the end of the second quarter of 2022, compared to 39 funds in the previous quarter. Farfetch Limited (NYSE:FTCH) delivered a -15.46% return in the past 3 months.
In January 2023, we published an article that includes Farfetch Limited (NYSE:FTCH) in 5 Penny Stocks That Will Make You A Millionaire. You can find other investor letters from hedge funds and prominent investors on our hedge fund investor letters Q4 2022 page.
Suggested Articles:
Disclosure: None. This article is originally published at Insider Monkey. |
NEWS_21 | Shares of TechnipFMC PLC FTI, +0.77% inched 0.77% higher to $13.13 Monday, on what proved to be an all-around favorable trading session for the stock market, with the S&P 500 Index SPX, +1.19% rising 1.19% to 4,019.81 and the Dow Jones Industrial Average DJIA, +0.76% rising 0.76% to 33,629.56. This was the stock's third consecutive day of gains. TechnipFMC PLC closed $0.07 short of its 52-week high ($13.20), which the company reached on January 17th.
The stock outperformed some of its competitors Monday, as Oil States International Inc. OIS, -1.74% fell 1.74% to $8.48. Trading volume (5.6 M) remained 820,587 below its 50-day average volume of 6.4 M. |
NEWS_22 | Shares of Fortis Inc. FTS, -0.55% shed 0.55% to C$55.56 Monday, in what proved to be an otherwise all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, +0.63% rising 0.63% to 20,631.58. Fortis Inc. closed C$9.70 below its 52-week high (C$65.26), which the company achieved on May 25th. Trading volume of 3.4 M shares eclipsed its 50-day average volume of 2.0 M.
Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use. |
NEWS_23 | Since 2016, Fulton Bank has made a substantial number of low- to moderate-income home loans through its partnership with Operation HOPE
LANCASTER, Pa. & ATLANTA, January 23, 2023--(BUSINESS WIRE)--Operation HOPE recently recognized Fulton Bank, a subsidiary of Fulton Financial Corporation (NASDAQ: FULT), for providing nearly $1 billion in loans to low- and moderate-income homebuyers over the past seven years.
This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230123005683/en/
"We’re pleased to partner with organizations like Fulton Bank that understand the importance of home ownership in empowering our communities," said John Hope Bryant, Founder, Chairman and CEO of Operation HOPE. "We honored Fulton Bank for their commitment to increasing social mobility at our recent HOPE Global Forum, the largest gathering of its kind, dedicated to expanding financial inclusion for everyone."
In 2016, Fulton Bank began collaborating with Operation HOPE, a leading non-profit focused on financial literacy and economic inclusion. Fulton Bank participates in the Closing Cost Assistance Program, which provides grants to buyers to help with the up-front costs of purchasing a home. Fulton also sponsors Operation HOPE financial wellness coaches in six cities throughout its footprint. The coaches provide free education to consumers, focusing on improving their credit and preparing them for the financial aspects of home ownership.
Fulton Bank has helped facilitate more than $968 million in loans to more than 5,700 homebuyers under the Closing Cost Assistance Program, and that cumulative total is on track to hit $1 billion in loans in 2023. In addition to homebuyer loans, the bank has donated more than $8 million in grants to make purchasing a home more affordable for low and moderate-income buyers.
"Fulton Bank’s purpose is to change lives for the better, and one of the best ways we can do that is by helping people achieve the dream of homeownership," said William "Smokey" Glover, Executive Vice President and Director of Fair and Responsible Banking for Fulton Bank. "We are grateful for our collaboration with Operation HOPE, which enables us to provide valuable financial education along with financing. Both elements are critical to set homebuyers on a path to success."
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Operation HOPE recognized Fulton Bank for their ongoing collaboration at the 9th Annual HOPE Global Forums in Atlanta in December, which included nearly 5,000 delegates and attained more than 1 million views online.
About Operation HOPE, Inc.
Since 1992, Operation HOPE has been moving America from civil rights to "silver rights" with the mission of making free enterprise and capitalism work for the underserved—disrupting poverty for millions of low and moderate-income youth and adults across the nation. Through its community uplift model, HOPE Inside, which received the 2016 Innovator of the Year recognition by American Banker magazine, Operation HOPE has served more than 4 million individuals and directed more than $3.2 billion in economic activity into disenfranchised communities—turning check-cashing customers into banking customers, renters into homeowners, small business dreamers into small business owners, minimum wage workers into living wage consumers, and uncertain disaster victims into financially empowered disaster survivors. For more information: OperationHOPE.org. Follow the HOPE conversation on Twitter, Facebook and Instagram.
About Fulton Bank, N.A.
Headquartered in Lancaster, Pa., Fulton Bank is a premier community bank in the Mid-Atlantic region. As a subsidiary of Fulton Financial Corporation, a $26 billion financial services holding company, Fulton Bank offers a broad array of products and services at more than 200 financial centers across Pennsylvania, New Jersey, Maryland, Delaware, and Virginia. At Fulton Bank, we seek to change lives for the better by building strong customer relationships, providing significant community support and empowering more than 3,300 employees to do the same. Through the Fulton Forward® initiative, we’re helping build vibrant communities. Learn more at www.FultonBank.com. Fulton Bank, N.A., Member FDIC, Equal Housing Lender.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005683/en/
Contacts
Operation HOPE:
Lalohni Campbell
(404) 593-7145
Fulton Bank:
Steve Trapnell
(717) 291-2739 |
NEWS_24 | VANCOUVER, BC / ACCESSWIRE / January 23, 2023 / Fury Gold Mines Limited (TSX:FURY)(NYSE American:FURY) ("Fury" or the "Company") is pleased to provide results for the final three 2022 core drill holes at the Eau Claire project located in the Eeyou Istchee Territory in the James Bay region of Quebec. The 2022 drill program successfully expanded the high-grade gold mineralized footprint at the Hinge Target, Gap Zone, and eastern expansion target areas. To date, the eleven holes drilled into the Hinge Target have had a hit rate of nearly 55% above the Eau Claire underground measured and indicated resource grade of 6.3 g/t gold and over 80% above the underground cut-off grade of 2.5 g/t gold. Collectively, these results have provided a clear focus for deposit expansion moving forward into 2023.
Drill hole 22EC-059 was drilled oblique to all other drilling at the Hinge Target (at an angle of 150 degrees) and provides confirmation of the current geological interpretation. The hole intercepted eight zones of gold mineralization across 350 metres (m) drilled width including 1.50m of 22.77 g/t gold, 1.50m of 15.30 g/t gold and 1.50m of 6.46 g/t gold (Table 1). The reported intercepts extend the gold mineralization and represent a 100m offset to the west and 150m vertical offset of the defined shallow 850 Zone within the Hinge Target. Notably, the reported intercept of 1.50m of 22.77 g/t gold at a downhole depth of 181.5m, approximately 155m below surface, is one of the shallowest high-grade intercepts to date within the Hinge Target zone.
"Fury is pleased to announce the final drill results from our 2022 drill program at Eau Claire, as these results further confirm our thesis that the Eau Claire resource is open for significant expansion. Importantly, we have extended the mineralized footprint of the resource at the Hinge Target, Gap Zone, and eastern expansion, and have intercepted substantial gold grades at the Percival Main zone, located 14 km from Eau Claire, which warrant follow-up work," commented Tim Clark, CEO of Fury. "The results of our program at Eau Claire are extremely encouraging and our 2023 plans are being reviewed and will be announced in the coming weeks."
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Western Hinge Target
Fury's updated geological interpretation of the controls on mineralization within the Eau Claire resource has led to a focus on the fold geometry at the Hinge Target resulting in an overall increase of approximately 25% to the mineralized footprint (Figure 1). Drill holes 22EC-059 were designed to drill perpendicular to the apex of the fold hinge to test a series of vertically oriented veins, related to folding, as well as to expand upon shallow 850 Zone mineralization within 150 meters of surface. The Hinge target remains open to the west as well as up dip and down dip.
Table 1: Eau Claire Drill Results
Location Hole ID From To Length (m) Au g/t Hinge Target 22EC-059 123 124 1.00 9.36 181.5 183 1.50 22.77 258 259.5 1.50 6.46 311 312.5 1.50 1.97 371 372.5 1.50 1.91 380 381.5 1.50 15.30 463 465 2.00 2.96 468.5 471.5 3.00 1.64 East Expansion 22EC-060 97.5 99 1.50 1.81 637 639.5 2.50 3.91 649.5 650.5 1.00 3.66 22EC-061 194 195 1.00 2.07 501 502.5 1.50 3.65 581 582.5 1.50 3.06 Main intervals - Au grade*thickness no less than 2 g/t*m with grade is no less than 1 g/t, maximum consecutive dilution 2m. Lengths for exploration drilling are drill indicated core length, as insufficient drilling has been undertaken to determine true widths at this time.
Resource Expansion Drilling to the East
The 2022 eastern expansion drill program was designed to test for continuity between defined resource blocks along the southeastern margin of the Eau Claire deposit where the Company intercepted significant high-grade gold results from limited 2021 drilling of 23.27 g/t gold over 7.09m, 11.56 g/t gold over 6.04m(see news releases dated May 25, 2021 and March 1, 2021). All six drill holes completed in 2022 intercepted quartz tourmaline veining with associated alteration and include the following intercepts: 2.50m of 3.91 g/t gold from 22EC-060 and 1.50m of 3.65 g/t gold from 22EC-061 (Table 1 and Figure 1). The intercepts extend mineralization 65m and 75m respectively confirming the dip continuity of the defined mineralization along the southeast margin of the Eau Claire deposit.
"With every drill hole completed into the Hinge Target, we are increasing our understanding both of the controls on mineralization as well as the potential scale. The 55% hit rate in the Hinge Target above resource grade exceeds the hit rate within the Eau Claire deposit of 35% and gives us confidence that the deposit can be expanded to the west," stated Bryan Atkinson, SVP, Exploration of Fury.
Additionally, the Company is announcing that it has engaged with Native Ads Inc. ("Native Ads"), a firm of digital media experts, to execute a comprehensive digital media marketing campaign supporting Fury's ongoing efforts to increase awareness. This comprehensive advertising program is designed to build brand familiarity, general recognition and raise awareness within online investor content platforms. Native Ads will employ state-of-the-art advertising, paid distribution, media buying and content creation to execute this important initiative. Financial terms of the agreement were not released but are customary and non-material.
Fury Gold Mines Limited, Friday, January 20, 2023, Press release picture
Figure 1: Eau Claire Deposit long section area illustrating the resource block model and locations of the recent Hinge Target drill holes, towards the west.
Fury Gold Mines Limited, Friday, January 20, 2023, Press release picture
Figure 2: Illustrates the intercepts at the western Fold Hinge Target at the Eau Claire deposit.
Fury Gold Mines Limited, Friday, January 20, 2023, Press release picture
Figure 3: Illustrates the intercepts at the eastern expansion Target at the Eau Claire deposit.
Sampling and Assaying Disclosure
Analytical samples for the Drill Program were taken by sawing HQ diameter core into equal halves on site with one half sent to ALS Chemex in Val D'or, Quebec, Canada for preparation and analysis. All samples were assayed using a 50 g nominal weight fire assay with inductively coupled plasma - atomic emission spectrometry finish (Au-ICP22) and multi-element four acid digest ICP-AES/ICP-MS method (ME-MS61). Where Au-ICP22 results were greater than 0.5 ppm Au the assay was repeated with a 50 g nominal weight fire assay with atomic absorption finish (Au-AA24). Samples containing more than 5 ppm by Au-AA24 were re-assayed with 50 g nominal weight fire assay with gravimetric finish (Au-GRA22). QA/QC programs using internal standard samples, field and lab duplicates and blanks indicate good overall accuracy and precision.
David Rivard, P.Geo, Exploration Manager at Fury, is a "qualified person" within the meaning of Canadian mineral projects disclosure standards instrument 43-101 and has reviewed and approved the technical disclosures in this press release.
About Fury Gold Mines Limited
Fury Gold Mines Limited is a well-financed Canadian-focused exploration company positioned in two prolific mining regions across the country and holds a 59.5 million common share position in Dolly Varden Silver Corp (23.5%). Led by a management team and board of directors with proven success in financing and advancing exploration assets, Fury intends to grow its multi-million-ounce gold platform through rigorous project evaluation and exploration excellence. Fury is committed to upholding the highest industry standards for corporate governance, environmental stewardship, community engagement and sustainable mining. For more information on Fury Gold Mines, visit www.furygoldmines.com.
For further information on Fury Gold Mines Limited, please contact:
Margaux Villalpando, Investor Relations
Tel: (844) 601-0841
Email: [email protected]
Website: www.furygoldmines.com
Forward-Looking Information and Additional Cautionary Language
This release includes certain statements that may be deemed to be "forward-looking information" or "forward-looking statements" within the meaning of applicable securities laws, which relate to the future operations of the Company and other statements that are not historical facts. Forward-looking information contained in this release primarily relates to statements that suggest that future work at Eau Claire will potentially increase or upgrade the estimated gold resources.
Although the Company believes that the assumptions and expectations reflected in those forward-looking statements were reasonable at the time such statements were made, there can be no assurance that such assumptions and expectations will prove to be correct. Exploration is a high-risk enterprise.
Readers should refer to the risks discussed in the Company's Annual Information Form and MD&A for the year ended December 31, 2021 and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedar.com and the Company's Annual Report including the Base Shelf Prospectus available at www.sec.gov. Readers should not place heavy reliance on forward-looking information, which inherently can only as of the date made.
Cautionary Note to United States Investors Concerning Estimates of Mineral Disclosure
The mining and technical disclosure throughout this release is made in accordance with applicable Canadian law and the guidelines set out in the Canadian Institute of Mining, Metallurgy and Petroleum ("CIM"). The Company's descriptions of its projects using applicable CIM terminology, which includes defined terms such as inferred, measured or indicated resources, may not be comparable to similar information about resource grades that would be made public by U.S. companies which are subject to the reporting and disclosure requirements under the United States federal securities laws.
SOURCE: Fury Gold Mines Limited
View source version on accesswire.com:
https://www.accesswire.com/736190/Fury-Drills-Multiple-Zones-of-High-Grade-Gold-at-the-Hinge-Target-including-2277-gt-Gold-over-15-Metres
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NEWS_25 | Arcimoto
The fourth quarter saw record customer deliveries and 20 percent increase over the previous quarter
EUGENE, Ore., Jan. 23, 2023 (GLOBE NEWSWIRE) -- Arcimoto, Inc.® (NASDAQ: FUV), makers of rightsized, outrageously fun, ultra-efficient electric vehicles, today announced that it delivered 89 customer vehicles in Q4 2022, its most successful quarter yet. This represents a 20 percent increase over the 73 customer vehicles delivered in Q3 2022. For the year, Arcimoto delivered 228 customer vehicles, which increased the total number of Arcimoto vehicles on the road to more than 500. This comes despite ongoing supply chain issues and funding concerns, which Arcimoto partly addressed with the closing of a $12 million public offering on Jan. 20.
Arcimoto also introduced the FUV to a record-high number of new drivers with more than 5,000 demo rides over the course of 2022 through a combination of industry events, private demo drives, and customer rentals.
“2022 gives confidence to the Team that with our learned sales KPIs, we can better understand how to appropriately scale marketing and production efforts to achieve profitability,” said Jesse Fittipaldi, Arcimoto Interim CEO. “The fresh financial raise and the proven reasonable marketing effort to sell our product gives the team the fortitude to step into 2023 with practical confidence. We will increase our efforts to build the sales backlog and cost down our products knowing the plan is capital efficient and success is plausible.”
For the latest company updates, check out our Q3 Stakeholder Webinar . Follow Arcimoto on YouTube , Facebook , Instagram , Twitter , TikTok , and LinkedIn . Investor information about the company, including press releases, stakeholder webcast replays, and more can be found at http://arcimoto.com/ir .
About Arcimoto, Inc.
Arcimoto is a pioneer in the design and manufacture of rightsized, ultra-efficient, incredibly fun electric vehicles for everyday mobility. Built on the revolutionary three-wheel Arcimoto Platform, our vehicles are purpose-built for daily driving and local delivery, all at a fraction of the cost and environmental impact of traditional gas-powered vehicles. Based in Eugene, Oregon, the Arcimoto team is dedicated to creating world-class EVs that make the world a better place. For more information, please visit Arcimoto.com .
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Safe Harbor / Forward-Looking Statements
Except for historical information, all of the statements, expectations, and assumptions contained in this press release are forward-looking statements. Forward-looking statements include, but are not limited to, statements that express our intentions, beliefs, expectations, strategies, predictions or any other statements relating to our future activities or other future events or conditions. These statements are based on current expectations, estimates and projections about our business based, in part, on assumptions made by management. These statements are not guarantees of future performance and involve risks, uncertainties and assumptions that are difficult to predict and include, without limitation, our expectations as to vehicle deliveries, the establishment of our service and delivery network and our expected rate of production. Therefore, actual outcomes and results may, and are likely to, differ materially from what is expressed or forecasted in the forward-looking statements due to numerous factors discussed from time to time in documents which we file with the SEC. In addition, such statements could be affected by risks and uncertainties related to, among other things: our ability to manage the distribution channels for our products, including our ability to successfully implement our rental strategy, direct to consumer distribution strategy and any additional distribution strategies we may deem appropriate; our ability to design, manufacture and market vehicle models within projected timeframes given that a vehicle consists of several thousand unique items and we can only go as fast as the slowest item; our inexperience to date in manufacturing vehicles at the high volumes that we anticipate; our ability to maintain quality control over our vehicles and avoid material vehicle recalls; the number of reservations and cancellations for our vehicles and our ability to deliver on those reservations; unforeseen or recurring operational problems at our facility, or a catastrophic loss of our manufacturing facility; our dependence on our suppliers; changes in consumer demand for, and acceptance of, our products: changes in the competitive environment, including adoption of technologies and products that compete with our products; the overall strength and stability of general economic conditions and of the automotive industry more specifically; changes in laws or regulations governing our business and operations; costs and risks associated with potential litigation; and other risks described from time to time in periodic and current reports that we file with the SEC. Any forward-looking statements speak only as of the date on which they are made, and except as may be required under applicable securities laws, we do not undertake any obligation to update any forward-looking statements.
Public Relations Contact:
[email protected]
Investor Relations Contact:
[email protected]
|
NEWS_26 | Vehicle deliveries increased 20% from a small base late last year and a $12 million stock sale last week “partly addressed” a cash crunch, Arcimoto (Nasdaq: FUV) said in a news release on Monday. In a separate 2022 recap distributed over the weekend, which called the year “simultaneously the most successful and challenging year” in its 15-plus-year history, Arcimoto said production remained on hold “as we prepare for our 2023 vehicles.” Sales of new vehicle inventory and used vehicles continued, the company said. |
NEWS_27 | Arcimoto Inc (NASDAQ: FUV) said it delivered 89 customer vehicles in fourth-quarter fiscal 2022. This represents a 20% increase over the 73 customer vehicles delivered in Q3 2022.
For FY22, Arcimoto delivered 228 customer vehicles, which increased the total number of Arcimoto vehicles on the road to more than 500.
"2022 gives confidence to the Team that with our learned sales KPIs, we can better understand how to appropriately scale marketing and production efforts to achieve profitability," said Jesse Fittipaldi, Arcimoto Interim CEO.
"The fresh financial raise and the proven reasonable marketing effort to sell our product gives the team the fortitude to step into 2023 with practical confidence."
Also Read : Arcimoto Nosedives Following $12M Equity Offering
Price Action: FUV shares are trading lower by 3.13% at $2.16 on the last check Monday.
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This article originally appeared on Benzinga.com
© 2023 Benzinga.com. Benzinga does not provide investment advice. All rights reserved. |
NEWS_28 | Strength Seen in Wayfair (W): Can Its 20.3% Jump Turn into More Strength?
Wayfair (W) shares soared 20.3% in the last trading session to close at $46.79. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 13.7% gain over the past four weeks.
Wayfair extended its rally, driven by its latest decision regarding job cuts. Notably, the company is set to lay off 1,000 workers or 10% of its workforce.
This online home goods retailer is expected to post quarterly loss of $1.64 per share in its upcoming report, which represents a year-over-year change of -78.3%. Revenues are expected to be $3.01 billion, down 7.5% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Wayfair, the consensus EPS estimate for the quarter has been revised 0.6% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on W going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Wayfair is a member of the Zacks Internet - Commerce industry. One other stock in the same industry, Fiverr International (FVRR), finished the last trading session 3.1% higher at $33.93. FVRR has returned 10% over the past month.
Fiverr's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.22. Compared to the company's year-ago EPS, this represents no change. Fiverr currently boasts a Zacks Rank of #3 (Hold).
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NEWS_29 | Zions (ZION) came out with quarterly earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.66 per share. This compares to earnings of $1.34 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 10.84%. A quarter ago, it was expected that this financial holding company would post earnings of $1.58 per share when it actually produced earnings of $1.40, delivering a surprise of -11.39%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Zions , which belongs to the Zacks Banks - West industry, posted revenues of $883 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 1.14%. This compares to year-ago revenues of $753 million. The company has topped consensus revenue estimates three times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Zions shares have added about 4.7% since the beginning of the year versus the S&P 500's gain of 3.5%.
What's Next for Zions?
While Zions has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
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Ahead of this earnings release, the estimate revisions trend for Zions: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.61 on $873.92 million in revenues for the coming quarter and $6.60 on $3.54 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Glacier Bancorp (GBCI), another stock in the same industry, has yet to report results for the quarter ended December 2022. The results are expected to be released on January 26.
This bank holding company is expected to post quarterly earnings of $0.73 per share in its upcoming report, which represents a year-over-year change of +58.7%. The consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level.
Glacier Bancorp's revenues are expected to be $242.03 million, up 9% from the year-ago quarter.
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Zions Bancorporation, N.A. (ZION) : Free Stock Analysis Report
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NEWS_30 | NORTHAMPTON, MA / ACCESSWIRE / January 23, 2023 / GoDaddy
GoDaddy, Monday, January 23, 2023, Press release picture
Originally published on GoDaddy Life
Tell us a little bit about yourself and what you do at GoDaddy?
I am a Senior Software Engineer on the DRI team and work on Domain Control center products. I have been with GoDaddy for over seven years now. I started at GoDaddy right after my Masters in CS in 2015. The past seven years have been amazing - I have really grown into myself! I started calling The United States my home (after moving from India in 2012), become a mom of two little girls, and have had the opportunity to work on so many different projects, here. I have been involved with GDGrad from early on. This is an Employee Resource Group dedicated to building a community for recent graduates. As a mentor to these individuals, I help them onboard and feel comfortable in a corporate environment. I was fortunate enough to travel to Stanford and Pittsburg University back in 2016 and 2017 as part of the recruitment process. This was an extremely fulfilling experience.
How does GoDaddy make you feel supported as a woman?
I have been the only woman on my team for a very long time now. Even though you might think I would face adversity, I have never felt that I am treated any differently, which is absolutely amazing. GoDaddy is generous with Maternity Leave, giving me time to bond with my babies. GDWIT, which is an Employee Resource for Women, has been a support system through many uncertain times with the pandemic.
What is one thing you learned about yourself at work recently?
I have always been an IC since I joined GoDaddy. This role is mandatory until you get to level three. After this level, you can choose between IC or a leadership role. However, I got an opportunity to lead a few major projects. This includes TransferIn rewrite and New DOP products! Through this experience, I interacted with major stakeholders crucial to project completion and communicated with Product and Program Managers. In the process, I learned that I am really good at mentoring junior folks, communicating, and resolving issues for various stakeholders. I was given accolades for "Joining Forces" for both projects. Because of these opportunities, I have decided to transition into an Engineering Manager role within this year.
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What's something you're actively trying to unlearn at work?
I had to unlearn perfectionism. We often think (especially as a woman) that "perfect" work is always better than "good" work, but very often the opposite is true. The time that it would take to perfect a project means that other work will get pushed aside. Good work doesn't always have to be flawless.
What is your personal advise for women who are interested in your profession?
Be curious and confident. In the tech industry, you always have to be learning. I have been able to learn a plethora of new languages and technologies since joining GoDaddy. It's important to always be working on your tech skills, while understanding your interests. I was a frontend engineer when I started and it didn't suit my interests. So, I transitioned into Backend and absolutely love it. Be confident in sharing your ideas! Be confident in speaking to your manager about which path you want to move towards in your career. I wish I learned this sooner rather than later!
What ideas might you bring to the GDWIT group?
I was a site lead for the Iowa location for a long time and I saw women and allies really get excited when they found common interests amongst the group. With remote work, it's harder to find commonalities with your coworkers. I would like to create that space in a virtual setting, as well. It would be so neat to have sub groups within GDWIT, where members can chat and discuss topics that interest them. Examples could include: recipes for healthy eating, travel tips, and so on. We can also try to organize events that address these interests.
Are you enjoying this series and want to know more about life at GoDaddy? Check out our GoDaddy Life social pages! Follow us to meet our team, learn more about our culture (teams, ERG's, locations), careers, and so much more. You're more than just your day job, so come propel your career with us.
Facebook - https://www.facebook.com/GoDaddyLife
Instagram - https://www.instagram.com/godaddylife/
LinkedIn - https://www.linkedin.com/showcase/godaddylife
Twitter - https://twitter.com/GoDaddyLife
TikTok - https://www.tiktok.com/@godaddylife?
Career Page - https://careers.godaddy.com/
View additional multimedia and more ESG storytelling from GoDaddy on 3blmedia.com.
Contact Info:
Spokesperson: GoDaddy
Website: https://www.3blmedia.com/profiles/godaddy
Email: [email protected]
SOURCE: GoDaddy
View source version on accesswire.com:
https://www.accesswire.com/736258/Curiosity-and-Confidence-as-a-Woman-in-Tech-Meet-Richa-Gandhi
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NEWS_31 | How far off is GoodRx Holdings, Inc. (NASDAQ:GDRX) from its intrinsic value? Using the most recent financial data, we'll take a look at whether the stock is fairly priced by taking the expected future cash flows and discounting them to their present value. One way to achieve this is by employing the Discounted Cash Flow (DCF) model. Models like these may appear beyond the comprehension of a lay person, but they're fairly easy to follow.
Companies can be valued in a lot of ways, so we would point out that a DCF is not perfect for every situation. For those who are keen learners of equity analysis, the Simply Wall St analysis model here may be something of interest to you.
Check out our latest analysis for GoodRx Holdings
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Step By Step Through The Calculation
We are going to use a two-stage DCF model, which, as the name states, takes into account two stages of growth. The first stage is generally a higher growth period which levels off heading towards the terminal value, captured in the second 'steady growth' period. In the first stage we need to estimate the cash flows to the business over the next ten years. Where possible we use analyst estimates, but when these aren't available we extrapolate the previous free cash flow (FCF) from the last estimate or reported value. We assume companies with shrinking free cash flow will slow their rate of shrinkage, and that companies with growing free cash flow will see their growth rate slow, over this period. We do this to reflect that growth tends to slow more in the early years than it does in later years.
A DCF is all about the idea that a dollar in the future is less valuable than a dollar today, so we discount the value of these future cash flows to their estimated value in today's dollars:
10-year free cash flow (FCF) forecast
2023 2024 2025 2026 2027 2028 2029 2030 2031 2032 Levered FCF ($, Millions) US$139.9m US$184.7m US$186.0m US$233.7m US$259.9m US$281.8m US$300.2m US$315.6m US$328.9m US$340.5m Growth Rate Estimate Source Analyst x5 Analyst x5 Analyst x1 Analyst x1 Est @ 11.22% Est @ 8.45% Est @ 6.51% Est @ 5.15% Est @ 4.20% Est @ 3.53% Present Value ($, Millions) Discounted @ 8.4% US$129 US$157 US$146 US$169 US$174 US$174 US$171 US$166 US$159 US$152
("Est" = FCF growth rate estimated by Simply Wall St)
Present Value of 10-year Cash Flow (PVCF) = US$1.6b
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After calculating the present value of future cash flows in the initial 10-year period, we need to calculate the Terminal Value, which accounts for all future cash flows beyond the first stage. The Gordon Growth formula is used to calculate Terminal Value at a future annual growth rate equal to the 5-year average of the 10-year government bond yield of 2.0%. We discount the terminal cash flows to today's value at a cost of equity of 8.4%.
Terminal Value (TV)= FCF 2032 × (1 + g) ÷ (r – g) = US$341m× (1 + 2.0%) ÷ (8.4%– 2.0%) = US$5.4b
Present Value of Terminal Value (PVTV)= TV / (1 + r)10= US$5.4b÷ ( 1 + 8.4%)10= US$2.4b
The total value, or equity value, is then the sum of the present value of the future cash flows, which in this case is US$4.0b. In the final step we divide the equity value by the number of shares outstanding. Relative to the current share price of US$5.3, the company appears quite good value at a 48% discount to where the stock price trades currently. Valuations are imprecise instruments though, rather like a telescope - move a few degrees and end up in a different galaxy. Do keep this in mind.
dcf
Important Assumptions
We would point out that the most important inputs to a discounted cash flow are the discount rate and of course the actual cash flows. Part of investing is coming up with your own evaluation of a company's future performance, so try the calculation yourself and check your own assumptions. The DCF also does not consider the possible cyclicality of an industry, or a company's future capital requirements, so it does not give a full picture of a company's potential performance. Given that we are looking at GoodRx Holdings as potential shareholders, the cost of equity is used as the discount rate, rather than the cost of capital (or weighted average cost of capital, WACC) which accounts for debt. In this calculation we've used 8.4%, which is based on a levered beta of 1.067. Beta is a measure of a stock's volatility, compared to the market as a whole. We get our beta from the industry average beta of globally comparable companies, with an imposed limit between 0.8 and 2.0, which is a reasonable range for a stable business.
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SWOT Analysis for GoodRx Holdings
Strength
Debt is well covered by cash flow.
Weakness
Interest payments on debt are not well covered.
Opportunity
Forecast to reduce losses next year.
Has sufficient cash runway for more than 3 years based on current free cash flows.
Good value based on P/S ratio and estimated fair value.
Threat
No apparent threats visible for GDRX.
Next Steps:
Valuation is only one side of the coin in terms of building your investment thesis, and it is only one of many factors that you need to assess for a company. DCF models are not the be-all and end-all of investment valuation. Instead the best use for a DCF model is to test certain assumptions and theories to see if they would lead to the company being undervalued or overvalued. If a company grows at a different rate, or if its cost of equity or risk free rate changes sharply, the output can look very different. What is the reason for the share price sitting below the intrinsic value? For GoodRx Holdings, we've compiled three additional aspects you should assess:
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Risks: Be aware that GoodRx Holdings is showing 1 warning sign in our investment analysis , you should know about... Future Earnings: How does GDRX's growth rate compare to its peers and the wider market? Dig deeper into the analyst consensus number for the upcoming years by interacting with our free analyst growth expectation chart. Other High Quality Alternatives: Do you like a good all-rounder? Explore our interactive list of high quality stocks to get an idea of what else is out there you may be missing!
PS. Simply Wall St updates its DCF calculation for every American stock every day, so if you want to find the intrinsic value of any other stock just search here.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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NEWS_32 | Earnings Release Scheduled for Tuesday, February 14, 2023 Before the Market Opens
Conference Call Scheduled for Tuesday, February 14, 2023 at 11:00 AM (Eastern Time)
BOCA RATON, Fla., January 23, 2023--(BUSINESS WIRE)--The GEO Group, Inc. (NYSE:GEO) ("GEO") will release its fourth quarter 2022 financial results on Tuesday, February 14, 2023 before the market opens. GEO has scheduled a conference call and simultaneous webcast for 11:00 AM (Eastern Time) on Tuesday, February 14, 2023.
Hosting the call for GEO will be George C. Zoley, Executive Chairman of the Board, Jose Gordo, Chief Executive Officer, Brian R. Evans, Senior Vice President and Chief Financial Officer, Wayne Calabrese, Senior Vice President and Chief Operating Officer, and James Black, President, GEO Secure Services.
To participate in the teleconference, please contact one of the following numbers 5 minutes prior to the scheduled start time:
1-877-250-1553 (U.S.)
1-412-542-4145 (International)
In addition, a live audio webcast of the conference call may be accessed on the Webcasts section of GEO's investor relations home page at investors.geogroup.com. A webcast replay will remain available on the website for one year.
A telephonic replay will also be available through February 21, 2023. The replay numbers are 1-877-344-7529 (U.S.) and 1-412-317-0088 (International). The passcode for the telephonic replay is 1705386. If you have any questions, please contact GEO at 1-866-301-4436.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005732/en/
Contacts
Pablo E. Paez 1-866-301-4436
Executive Vice President, Corporate Relations |
NEWS_33 | Analyst Report: Guardant Health, Inc.
Guardant Health, based in Redwood City, California, provides cancer blood tests and analytics for clinical and research use, and the firm maintains research partnerships with large biopharmaceutical companies. The company offers Guardant 360, a blood-based (liquid biopsy) test for treatment selection in advanced stage cancer, and Guardant Omni, a broader gene panel for immuno-oncology research. The company’s pipeline includes Guardant Reveal (formerly Lunar-1), for cancer recurrence detection in survivors, and Lunar-2, a liquid biopsy for early detection of cancer in higher-risk individuals, with an initial focus on colorectal cancer. Additionally, Guardant offers research development services. The United States accounts for 90% of total revenue, and other markets the remaining 10%. |
NEWS_34 | NEW YORK, January 23, 2023--(BUSINESS WIRE)--The decision by some top law schools to exit the rankings hasn’t led to anything similar among business schools (yet), but if it did, many admissions officers would welcome it, according to Manhattan Prep/Kaplan’s 2022 business school admissions officers survey*. Among the admissions officers surveyed at 117 full-time MBA programs across the United States, 37 percent believe that "business school rankings have lost some of their prestige over the last couple of years" and 29 percent disagree with that point of view; the remaining 34 percent didn’t express one view or the other. Additionally, 34 percent of business schools "think it would be a positive development, for both business schools and applicants, for business school rankings to no longer exist," while 30 percent disagree; the remaining 36 percent didn’t express one view or the other.
These evolving views on the rankings come at a time of significant change on the MBA admissions landscape, with business schools looking for ways to boost their application numbers and many continuing to remain test optional, a COVID-era policy, as a way to accomplish this. It also comes at a time when some business schools and colleges have come under fire for reporting false data to game the rankings, hurting the system’s credibility.
Those who held negative views about the rankings shared these reasons:
"We should be focusing on fit, not prestige. What program is going to give the student the most positive experience and highest return on investment. We should be in the business of informing, not competing."
"The methodology is often so terribly flawed. Some are so poorly done and are done so only to make money. Business schools have accepted that somewhat, but many of today's prospective students seem to have a more critical eye than previous prospects. They tell us the rankings don't have the influence they once had."
"The criteria used for ranking is skewed to benefit the schools that already have more students and spend a lot of marketing dollars."
"The audience is more aware of the subjectivity of rankings, some schools have chosen not to participate, and some of the rankings have produced questionable results."
"Over the years, more than a few admissions officers half-jokingly said that ‘The most sleepless night for business school leaders is the night before the U.S. News rankings come out,’ since for some, their job hangs in the balance," said Stacey Koprince, director of content and curriculum for Manhattan Prep, a sister company of Kaplan. "Whether there’s widespread rebellion against the rankings the way we’ve seen among top law schools remains to be seen. For prospective students our advice is to look at the rankings when deciding where to apply and enroll, as they serve as a useful aggregate of important stats like post-graduate job numbers and starting salaries, but also strongly consider which schools seem like the best fit for you personally and for your professional goals."
To schedule an interview with a Manhattan Prep/Kaplan expert about the survey results, journalists can contact Russell Schaffer at [email protected] or 917.822.8190.
*Based on the results of a survey conducted by phone and email between September and December 2022 and includes responses from 117 business schools across the United States; among them are 18 of the top 50 schools, as ranked by U.S. News & World Report.
About Kaplan
Kaplan, Inc. is a global educational services company that helps individuals and institutions advance their goals in an ever-changing world. Our broad portfolio of solutions help students and professionals further their education and careers, universities and educational institutions attract and support students, and businesses maximize employee recruitment and development. Stanley Kaplan founded our company in 1938 with a mission to expand educational opportunities for students of all backgrounds. Today, all of our employees across 27 countries continue Stanley’s mission, working with hundreds of thousands of students and professionals and 12,000 corporate and 4,000 school and university clients worldwide. Kaplan is a subsidiary of Graham Holdings Company (NYSE: GHC). Learn more at https://kaplan.com.
Note to editors: Kaplan is a subsidiary of Graham Holdings Company (NYSE: GHC)
View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005125/en/
Contacts
Press: Russell Schaffer, [email protected], 917.822.8190
Twitter: @KaplanEdNews |
NEWS_35 | BATAVIA, N.Y., January 23, 2023--(BUSINESS WIRE)--Graham Corporation (NYSE: GHM), a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries, announced that it will release its third quarter fiscal year 2023 financial results before financial markets open on Monday, February 6, 2023.
The Company will host a conference call and webcast to review its financial and operating results, strategy, and outlook. A question-and-answer session will follow.
Third Quarter Fiscal Year 2023 Financial Results Conference Call
Monday, February 6, 2022
11:00 a.m. Eastern Time
Phone: (201) 689-8560
Internet webcast link and accompanying slide presentation: https://ir.grahamcorp.com/
A telephonic replay will be available from 2:00 p.m. ET on the day of the teleconference through Monday, February 13, 2023 at 11:59 p.m. ET. To listen to the archived call, dial (412) 317-6671 and enter conference ID number 13735007 or access the webcast replay via the Company’s website at www.ir.grahamcorp.com, where a transcript will also be posted once available.
ABOUT GRAHAM CORPORATION
Graham is a global leader in the design and manufacture of mission critical fluid, power, heat transfer and vacuum technologies for the defense, space, energy and process industries. The Graham Manufacturing and Barber-Nichols’ global brands are built upon world-renowned engineering expertise in vacuum and heat transfer, cryogenic pumps and turbomachinery technologies, as well as its responsive and flexible service and the unsurpassed quality customers have come to expect from the Company’s products and systems.
Graham routinely posts news and other important information on its website, www.grahamcorp.com, where additional information on Graham Corporation and its businesses can be found.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005231/en/
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Contacts
For more information, contact:
Christopher J. Thome
Vice President - Finance and CFO
Phone: (585) 343-2216
Deborah K. Pawlowski
Kei Advisors LLC
Phone: (716) 843-3908
[email protected] |
NEWS_36 | Shares of Gildan Activewear Inc. GIL, -1.74% dropped 1.74% to C$40.71 Monday, in what proved to be an otherwise all-around positive trading session for the Canadian market, with the S&P/TSX Composite Index GSPTSE, +0.63% rising 0.63% to 20,631.58. Gildan Activewear Inc. closed C$12.33 below its 52-week high (C$53.04), which the company achieved on February 9th. Trading volume of 515,787 shares eclipsed its 50-day average volume of 414,203.
Editor's Note: This story was auto-generated by Automated Insights, an automation technology provider, using data from Dow Jones and FactSet. See our market data terms of use. |
NEWS_37 | La Garrucha deposit adds approx. 1.0 million oz AuEq in the Inferred category and
0.2 million oz AuEq in the Indicated category (see Table 1)
Updated Mineral Resource estimate inclusive of La Garrucha positions La Mina with 1.15 million oz AuEq Indicated and 1.45 million oz AuEq Inferred resources
DESIGNATED NEWS RELEASE
VANCOUVER, BC, Jan. 23, 2023 /CNW/ - GoldMining Inc. (the "Company" or "GoldMining") (TSX: GOLD) (NYSE American: GLDG) is pleased to announce an updated Mineral Resource estimate ("MRE") on its 100% owned La Mina Project located in the Middle Cauca Porphyry Belt, Antioquia, Colombia. The MRE includes a maiden resource estimate on the La Garrucha deposit which incorporates drilling completed by the Company in 2022.
Highlights:
La Garrucha – New Discovery
Indicated Mineral Resources of 0.20 million ounces (Moz) gold equivalent (AuEq) at 0.84 g/t AuEq (7.4 million tonnes (Mt) grading 0.65 g/t gold, 3.14 g/t silver and 0.11% copper) (see Table 1); and
Inferred Mineral Resources of 1.02 Moz AuEq at 0.72 g/t AuEq (44.1 Mt grading 0.55 g/t gold, 2.46 g/t silver and 0.10% copper) (see Table 1).
La Mina – Combined MRE
Indicated Mineral Resources of 1.15 Moz AuEq at 1.06 g/t AuEq, an increase of 16% in ounces and decrease in grade of 3% from 2022 (33.8 Mt grading 0.73 g/t gold, 2.08 g/t silver and 0.21% copper) (see Table 1); and
Inferred Mineral Resources of 1.45 Moz AuEq at 0.80 g/t AuEq an increase of 215% in ounces and decrease in grade of 24% from 2022 (56.2 Mt grading 0.58 g/t gold, 2.32 g/t silver and 0.14% copper) (see Table 1).
Alastair Still, CEO of GoldMining, commented, "We are extremely pleased that the Company's first exploration drilling program at La Mina has identified a significant discovery at the La Garrucha deposit that has added over 1,000,000 gold equivalent ounces of estimated Inferred Resources and 200,000 gold equivalent ounces of estimated Indicated Resources to an already robust Mineral Resource estimate on our La Mina project. This exciting discovery has exceeded our expectations and builds upon the positive economics set out in our 2022 Preliminary Economic Assessment, which was based on the prior resource estimate for the project, exclusive of La Garrucha. Throughout, our team has maintained high standards of sustainable exploration and demonstrated our commitment to safety, effective stakeholder engagement and environmental stewardship.
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With all-inclusive direct drilling costs by the Company at La Garrucha of under US$1.2 million for our recent program, this discovery was made at a very efficient cost per ounce of estimated resource and exemplifies our strategy and progress of unlocking value from our portfolio of gold and gold-copper assets while maintaining a peer-leading balance sheet."
Tim Smith, Vice President Exploration of GoldMining, commented, "The updated Mineral Resource estimate at La Garrucha represents an unqualified success for the Company in applying its strategy of identifying the best value accretion opportunities within our diverse portfolio of gold and gold-copper resource assets located throughout the Americas. From inception to execution, the drill program was expertly managed by our team in Colombia and the results demonstrate both the quality and further potential for additional discovery within the La Mina porphyry gold-copper mineral system. On the strength of this updated Mineral Resource estimate, the Company now looks forward to updating the La Mina Preliminary Economic Assessment (PEA) which we expect to complete on or around mid-2023."
La Mina Updated Resource Metrics:
Indicated Mineral Resource tonnage has increased by 19.5% from the prior estimate, while metal content for gold, silver and copper has increased by 19.7%, 40.7% and 5.9%, respectively compared to the prior resource estimate (see Table 2);
Inferred Mineral Resource tonnage has increased 312.5%, while metal content for gold, silver and copper has increased by 265.6%, 442.5%, and 111.0%, respectively compared to the prior resource estimate (see Table 2);
The MRE has been updated with metal prices of US$1,700/oz gold, US$21/oz silver, and US$3.50/lb copper, compared to the prior estimate which used metal prices of US$1,600/oz gold, US$21/oz silver, and US$3.25/lb copper;
The MRE utilizes pit shells to constrain resources at the La Cantera, La Garrucha and Middle Zone deposits using a 0.30 g/t Au cut-off grade, compared to the prior estimate which used 0.25 g/t Au cut-off grade;
Metallurgical work has been conducted for the La Garrucha deposit by ALS in Kamloops, British Columbia from a 100 kg bulk sample collected from drill core;
The total La Mina Project area comprises a database of 111 drill holes totaling 40,179 metres with 102 drillholes and 37,256 metres drilled within the three deposits at La Cantera, La Garrucha and Middle Zone; and
For the first time, the MRE at La Mina incorporates the La Garrucha deposit which is located within 1 kilometre to the east of the prior mineral resources. Refer to Figure 1.
Table 1: La Mina Project Mineral Resource Estimate1-6 (effective date: December 20, 2022).
Deposit
Grade Contained Metal Cut-off Tonnes Gold Silver Copper Gold Eq Gold Silver Copper Gold Eq Au (g/t) (Mt) (g/t) (g/t) ( %) (g/t) (Moz) (Moz) (Mlbs) (Moz) Indicated Resources La Cantera 0.30 17.61 0.86 2.03 0.31 1.32 0.49 1.15 120.46 0.75 La Garrucha 0.30 7.36 0.65 3.14 0.11 0.84 0.15 0.74 17.76 0.20 Middle Zone 0.30 8.80 0.54 1.28 0.11 0.71 0.15 0.36 21.19 0.20 Total Indicated
33.77 0.73 2.08 0.21 1.06 0.79 2.25 159.41 1.15 Inferred Resources La Cantera 0.30 11.18 0.71 1.85 0.30 1.15 0.26 0.66 72.71 0.41 La Garrucha 0.30 44.11 0.55 2.46 0.10 0.72 0.78 3.49 96.85 1.02 Middle Zone 0.30 0.95 0.47 1.15 0.09 0.61 0.01 0.04 1.87 0.02 Total Inferred
56.23 0.58 2.32 0.14 0.80 1.05 4.19 171.43 1.45
Notes: 1. The Mineral Resource for La Mina is an in-pit constrained resource calculated using a Whittle-Pit algorithm with "reasonable prospects of eventual economic extraction" using the following assumptions: Metal prices of US$1,700/oz Au, US$21/oz Ag and US$3.50/lb Cu;
Royalty of 6% NSR, inclusive of government royalties;
Pit slopes are 50 degrees; and
Mining, processing and G&A costs were used to calculate cut-off of 0.30 g/t Au. 2. Metallurgical recoveries are: 82% for Au, 84% for Cu, and 30% for Ag. 3. Gold-equivalent grades were calculated using the following formula: AuEq = Au (g/t) + [Cu(%) x {Cu Price/Au Price} x 22.0462 x 31.1035] + [Ag (g/t) x {Ag Price/Au Price}]. 4. Mineral resources are classified as Indicated Resources and Inferred Resources and are based on the 2014 CIM Definition Standards on Mineral Resources and Mineral Reserves. 5. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted to Mineral Reserves. The estimate of mineral resources may be materially affected by environmental permitting, legal, title, taxation, sociopolitical, marketing or other relevant issues. 6. Numbers may not add due to rounding.
Table 2: Prior Mineral Resource Estimate1-9.
Deposit
Grade Contained Metal Cut-off Tonnes Gold Silver Copper Gold Eq Gold Silver Copper Gold Eq Au (g/t) (Mt) (g/t) (g/t) ( %) (g/t) (Moz) (Moz) (Mlbs) (Moz) Indicated Resources La Cantera 0.25 18.02 0.86 2.05 0.32 1.33 0.50 1.19 125.59 0.77 Middle Zone 0.25 10.22 0.50 1.26 0.11 0.67 0.16 0.41 24.94 0.22 Total Indicated
28.25 0.73 1.76 0.24 1.09 0.66 1.60 150.53 0.99 Inferred Resources La Cantera 0.25 12.03 0.69 1.84 0.29 1.12 0.27 0.71 78.19 0.44 Middle Zone 0.25 1.60 0.39 1.17 0.09 0.53 0.02 0.06 3.06 0.03 Total Inferred
13.63 0.65 1.76 0.27 1.05 0.29 0.77 81.25 0.46
Notes:
1. This prior estimate has been replaced and superseded in its entirety by the updated current Mineral Resource estimate disclosed herein.
2. The prior estimate was set out in the NI 43-101 technical report of the Company with an effective date of January 12, 2022.
3. The Mineral Resource for La Mina is an in-pit constrained resource calculated using a Whittle-Pit algorithm with "reasonable prospects of eventual economic extraction" using the following assumptions: Metal prices of US$1,600/oz Au, US$21/oz Ag and US$3.25/lb Cu;
Royalty of 2% NSR;
Pit slopes are 50 degrees;
Mining, processing and G&A costs were used to calculate cut-off of 0.25 g/t Au. 4. Metallurgical recoveries are: 90% for Au, 90% for Cu, and 30% for Ag.
5. Gold-equivalent grades were calculated using the following formula: AuEq = Au (g/t) + [Cu(%)} x {%Recoverable Cu / %Recoverable Au} x {Cu Price/Au Price} x 22.0462 x 31.1035] + [Ag (g/t) x {Ag Price/Au Price}].
6. The qualified person of the above estimate is Scott Wilson, C.P.G., SME.
7. Mineral resources are classified as Indicated Resources and Inferred Resources and are based on the 2014 CIM Definition Standards.
8. Mineral Resources, which are not Mineral Reserves, do not have demonstrated economic viability. There is no certainty that all or any part of the Mineral Resources will be converted to Mineral Reserves.
9. Numbers may not add due to rounding.
The La Mina property consists of two concession contracts and two concession contract applications covering 3,210 hectares located in the Department of Antioquia, Republic of Colombia, some 51 km SW of Medellin. The MRE for La Mina incorporates the La Cantera, La Garrucha and Middle Zone porphyry deposits located within 1 km of each other.
Figure 1 - Property Map for La Mina Project (CNW Group/GoldMining Inc.)
From late March to mid-August 2022, GoldMining completed a diamond core drilling program comprising five drill holes for 3,485 m at the La Garrucha deposit, a porphyry mineral system which measures over 400 m in strike length by 300 m in width and to at least 775 m below surface where it remains open. Gold and copper mineralization in the La Garrucha porphyry intrusive complex is accompanied by strong potassic alteration, characterized by secondary potassium feldspar and biotite, disseminated and vein magnetite, quartz stockwork veining and both vein-hosted and disseminated sulphides that include pyrite, chalcopyrite and lesser bornite. Lithological, alteration and structural logging of both the new core and re-logging of historic core was completed to compile a three-dimensional geological model.
The MRE disclosed herein for the La Mina Project was prepared by Scott Wilson, C.P.G., of Resource Development Associates Inc. and has an effective date of December 20, 2022. The MRE updates and replaces the prior MRE of the Company contained in its technical report titled, "NI 43-101 Technical Report and Preliminary Economic Assessment: GoldMining Inc., La Mina Project, Antioquia, Republic of Colombia" dated effective January 12, 2022.
GoldMining will file a technical report for the MRE updates at La Mina in due course.
Qualified Persons
Scott E. Wilson, CPG is an independent consultant acting as the Qualified Person, as defined in National Instrument 43-101 - Standards of Disclosure for Mineral Projects ("NI 43-101") and has reviewed and approved the MRE summarized in this news release. Mr. Wilson is independent of the Company under NI 43-101. Mr. Wilson has verified the data underlying the information disclosed herein, including sampling, analytical and test data by reviewing the results and procedures undertaken for quality assurance and quality control in a manner consistent with industry practice, and all matters were consistent and accurate according to his professional judgement. There were no limitations on the verification process.
Paulo Pereira, P. Geo., President of GoldMining, has supervised the preparation of this news release and has reviewed and approved the scientific and technical information contained herein. Each of Messrs. Wilson and Pereira are Qualified Persons as defined in NI 43-101.
About GoldMining Inc.
The Company is a public mineral exploration company focused on the acquisition and development of gold assets in the Americas. Through its disciplined acquisition strategy, the Company now controls a diversified portfolio of resource-stage gold and gold-copper projects in Canada, U.S.A., Brazil, Colombia and Peru. The Company also owns more than 21 million shares of Gold Royalty Corp. (NYSE American: GROY).
Notice to Readers
Disclosure regarding Mineral Resource estimates included herein have been prepared by the Company in accordance with NI 43-101. NI 43-101 is a rule developed by the Canadian Securities Administrators that establishes standards for public disclosure by issuer of scientific and technical information concerning mineral projects. NI 43-101 differs significantly from the disclosure requirements of the United States Securities and Exchange Commission ("SEC") generally applicable to U.S. companies subject to the SEC's disclosure requirements. For example, the terms "Indicated Mineral Resource" and "Inferred Mineral Resource" are defined in NI 43-101 by reference to the guidelines set out in the CIM Definition Standards on Mineral Resources and Mineral Reserves. Shareholders resident in the United States are cautioned that while terms are substantially similar to "indicated mineral resources" and "inferred mineral resources" as defined by the SEC, there are differences in the definitions and standards under applicable SEC Rules and NI 43-101. Accordingly, there is no assurance any mineral resources that the Company may report as "Indicated Mineral Resources" and "Inferred Mineral Resources" under NI 43-101 will be the same as the reserve or resource estimates prepared under rules applicable to United States domestic issuers. Investors are cautioned not to assume that any part or all of mineral resources will ever be converted into reserves. Pursuant to CIM Definition Standards, "Inferred mineral resources" are that part of a mineral resource for which quantity and grade or quality are estimated on the basis of limited geological evidence and sampling. Such geological evidence is sufficient to imply but not verify geological and grade or quality continuity. An inferred mineral resource has a lower level of confidence than that applying to an indicated mineral resource and must not be converted to a mineral reserve. However, it is reasonably expected that the majority of inferred mineral resources could be upgraded to indicated mineral resources with continued exploration. Under Canadian rules, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Investors are cautioned not to assume that all or any part of an inferred mineral resource is economically or legally mineable. Disclosure of "contained ounces" in a resource is permitted disclosure under Canadian regulations; however, the SEC normally only permits issuers to report mineralization that does not constitute "reserves" by SEC standards as in place tonnage and grade without reference to unit measures.
Forward-looking Statements
This document contains certain forward-looking statements that reflect the current views and/or expectations of GoldMining with respect to its business plans and strategies, expectations regarding the La Mina Project and its potential and the expected timing of future PEAs. Forward-looking statements are based on the then-current expectations, beliefs, assumptions, estimates and forecasts about the business and the markets in which GoldMining operates. Investors are cautioned that all forward-looking statements involve risks and uncertainties, including: the inherent risks involved in the exploration and development of mineral properties, proposed studies may not confirm GoldMining's expectations for its projects, fluctuating metal prices, unanticipated costs and expenses, risks related to government and environmental regulation, social, permitting and licensing matters, and uncertainties relating to the availability and costs of financing needed in the future. These risks, as well as others, including those set forth in GoldMiningꞌs Annual Information Form for the year ended November 30, 2021, and other filings with Canadian securities regulators and the U.S. Securities and Exchange Commission, could cause actual results and events to vary significantly. Accordingly, readers should not place undue reliance on forward-looking statements and information. There can be no assurance that forward-looking information, or the material factors or assumptions used to develop such forward-looking information, will prove to be accurate. The Company does not undertake any obligations to release publicly any revisions for updating any voluntary forward-looking statements, except as required by applicable securities law.
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NEWS_38 | Genius Group Ltd. GNS, +45.37% , a Singapore-based education company, set guidance for 2023 on Monday, saying it expects revenue of $48 million to $52 million, up 37% from its 2022 proforma guidance. The company, which captured headlines last week when it said it had appointed a former F.B.I. director to lead a task force investigating alleged illegal trading in its stock that it first disclosed in early January, said it expects the number of students attending its entrepreneur-training courses to climb to 5.7 million to 6.0 million, up 30% from 2022. The company expects to achieve adjusted EBITDA, or earnings before interest, taxes, depreciation and amortization, of $500,000 to $1.0 million. “In 2023 we are expecting Genius Group to continue our strong growth trajectory, and we are focused on managing our costs and achieving positive EBITDA,” Chief Executive Roger Hamilton said in a statement. The stock jumped 15% premarket. On Thursday, the stock soared a record 290% in heavy volume. Hamilton told MarketWatch on Friday about the company’s plan to go after people or groups that have been engaging in naked short selling of its stock. |
NEWS_39 | “It’s like being robbed in a library, but you can’t shout ‘Thief!’ because there are ‘Silence, please’ signs everywhere.”
That’s how Roger Hamilton, chief executive of Genius Group Ltd. GNS, +45.37% , describes the powerlessness he feels as U.S. securities rules prevent him from discussing his company’s share price, even as it comes under attack from a group of naked short sellers.
The Singapore-based education company on Thursday announced it had appointed a former FBI director to lead a task force investigating alleged illegal trading in its stock that it first addressed in early January.
For context: Genius Group stock rallies more than 200% after it appoints former F.B.I. director to investigate alleged naked short selling
The news sent the stock up a record 290% on Thursday, and it climbed another 59% on Friday. Volume of about 270 million shares traded in Thursday’s session crushed the daily average of about 634,000 — another indicator, Hamilton told MarketWatch in an interview Friday, of wrongdoing, given that the company’s float is just 10.9 million shares. “Clearly, that’s far more shares than we created,” he said.
Genius Group has evidence from Warshaw Burstein LLP and Christian Levine Law Group, with tracking from Share Intel, that certain individuals and/or companies sold but failed to deliver a “significant” amount of its shares as part of a scheme seeking to artificially depress the stock price.
The company is now exploring legal action and is planning an extraordinary general meeting in the coming weeks to get shareholder approval for its planned actions. These include paying a special dividend as a way to flush out bad actors and working with regulators to share information.
Share Intel uses tracking software in real time to determine exactly where there are discrepancies in the market and where brokers are opening large positions, Hamilton said. The software can measure the number of shares that are being naked shorted and has found multiple instances where significant amounts of fake shares were being created, said Hamilton.
Naked short selling is illegal under Securities and Exchange Commission rules, but that hasn’t stopped the practice, which Hamilton said affects far more companies than is generally known.
In regular short trading, an investor borrows shares from someone else, then sells them and waits for the stock price to fall. When that happens the shares are bought cheaper and returned to the prior owner, with the short seller pocketing the difference as profit.
In naked short selling, investors don’t bother borrowing the stock first and simply sell shares with a promise to deliver them at a later date. When that promise is not fulfilled, it’s known as failure to deliver.
By repeating that process again and again, bad actors can generate massive profits and manipulate a stock’s price lower, with an ultimate goal of driving a company to bankruptcy, at which point all the equity is wiped out and the naked shorts no longer need to be covered.
Hamilton said the evidence gathered by Genius Group shows a great deal of the illegal activity is happening on U.S. exchanges, but there’s also activity happening off-exchange and involving dark pools.
The company is fighting back “because we want this to stop,” Hamilton told MarketWatch. “They’re taking value away from our shareholders. They’re predators. They’re doing something illegal, and we want it to stop, whether that means getting regulators to enforce existing regulations or put new ones in place.”
Public companies have to have committees to monitor and report internal fraud to protect shareholders, he said. But there is no such team looking for external fraud and many retail investors see stocks being manipulated, he said.
“Hopefully, regulations will change and regulators will see there are as many, if not more, threats from outside a company,” he said.
Genius Group is not alone, said Hamilton. He cited among other examples Torchlight, an oil- and gas-exploration company that decided to merge with Metamaterial Inc. to thwart a naked-short-selling attack.
The stock rose from 30 cents to $11 in the six months after the deal was completed, and the company was able to raise about $183 million through a combination of convertible debt and equity. An interview Hamilton conducted with Torchlight’s former CEO, John Brda, can be found below.
Then there’s Jeremy Frommer, CEO of Creatd Inc. CRTD, +1.35% , which aims to unlock creativity for creators, brands and consumers, who is behind Ceobloc, a website that aims to end the practice of naked short selling.
“Illegal naked short selling is the biggest risk to the health of today’s public markets,” is how the site introduces its mission.
On Friday, the stock of Helbiz Inc. HLBZ, +109.13% joined Genius Group in rocketing higher in high volume, after that company said it, too, was taking on naked short sellers.
The New York–based maker of e-scooters and e-bicyles said that it was following Genius Group’s example and that it believes “certain individuals and/or companies may have engaged in illegal short selling practices that have artificially depressed the stock price.” The stock had plummeted 64% over the three months through Thursday’s close at 12.31 cents. |
NEWS_40 | SINGAPORE, January 23, 2023--(BUSINESS WIRE)--Genius Group Limited (NYSE American: GNS) ("Genius Group" or the "Company"), a leading entrepreneur edtech and education group, announces its financial guidance for the financial year ending December 31, 2023.
Genius Group’s 2023 financial guidance is heavily weighted towards the second half of the year as we accelerate the integration of our acquired companies and expect growing operating leverage driven by top-line synergies from our EdTech platform and the digitization of our portfolio of products. We believe this will allow Genius Group to accelerate organic growth and provides a clear path to positive EBITDA in 2023.
2023 Financial Guidance:
Annual revenue of $48m - $52m, a 37% increase from $35m - $38m 2022 pro forma guidance
Number of students (and users) 5.7m - 6.0m, a 30% increase from 4.4m – 4.6m 2022 guidance
Adjusted EBITDA of $0.5m - $1.0m
Roger Hamilton, CEO of Genius Group, commented: "We are experiencing strong demand for our entrepreneur and investor-related courses, and we are attracting world-class partners, from bestselling authors to social media influencers with large followings who see the value of integrating their in-demand content into our accredited courses. We believe the courses we deliver are counter-cyclical. In challenging economic times, more people seek out education to grow their financial literacy, entrepreneurial, and investing skills.
In 2023 we are expecting Genius Group to continue our strong growth trajectory, and we are focused on managing our costs and achieving positive EBITDA. We have a strong management team in place, our integration process of our five acquisitions in 2022 is underway, and we are looking forward to a successful 2023."
About Genius Group
Genius Group is a world-leading entrepreneur Edtech and education group, with a mission to disrupt the current education model with a student-centered, life-long learning curriculum that prepares students with the leadership, entrepreneurial, and life skills to succeed in today’s market. The group has a group user base of 4.3 million users in 200 countries, ranging from ages 0 to 100.
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Non-IFRS Financial Measures
The Company has not provided the most directly comparable IFRS financial measure, or a quantitative reconciliation thereto, for its expected 2023 Adjusted EBITDA because at this time we have not yet finalized all the data to be able to reconcile certain forward-looking non-IFRS financial measures to the most comparable IFRS financial measures without unreasonable efforts due to uncertainty in predicting certain items.
Reconciliations of non-IFRS measures, such as Adjusted EBITDA, to the most comparable IFRS measures and management’s reasoning for using them, are included in the Company’s earnings press release dated November 30, 2022, which is available in the investor relations section of the Company’s website at ir.geniusgroup.net. Investors are encouraged to read these detailed financial disclosures and reconciliations.
Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the U.S. federal securities laws, including (without limitation) statements regarding our or our management’s expectations, hopes, beliefs, intentions, or strategies regarding the future and other statements that are other than statements of historical fact. In addition, any statements that refer to projections, forecasts, or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements. Forward-looking statements are generally identified by the words "believe," "project," "expect," "anticipate," "estimate," "intend," "strategy," "future," "opportunity," "plan," "may," "should," "will," "would," "will be," "will continue," "will likely result" and similar expressions, but the absence of these words does not mean that a statement is not forward-looking. Forward-looking statements are predictions, projections, and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties.
Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: the Company’s goals and strategies; the Company’s future business development; changes in demand for online learning; changes in technology; fluctuations in economic conditions; the growth of the online learning industry the United States and the other markets the Company serves or plans to serve; reputation and brand; the impact of competition and pricing; government regulations; and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (the "SEC"). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly update these forward-looking statements to reflect events or circumstances that arise after the date hereof.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005258/en/
Contacts
Investors:
Flora Hewitt, Vice President of Investor Relations and Mergers and Acquisitions
Email: [email protected]
Media: Adia PR
Email: [email protected]
US Investors:
Dave Gentry
RedChip Companies Inc
1-800-RED-CHIP
[email protected] |
NEWS_41 | A growing number of small-cap companies are announcing plans to go after naked short sellers, claiming their stocks are being artificially depressed by illegal trading activity. Verb Technology Co. Inc. (VERB) , a provider of interactive video-based sales apps with operations in Newport, California and Lehi, Utah, said Monday it was joining education company Genius Group Ltd. (GNS) e-scooter and e-bike maker Helbiz (HLBZ) and Creatd Inc. (CRTD) which aims to unlock creativity for creators, brands and consumers, in coming up with measures to ensure “greater integrity in the capital markets,” as Chief Executive Rory J. Cutai said in a statement. Genius Group got the ball rolling last week when it said it had appointed a former F.B.I. director to lead a task force investigating alleged illegal trading in its stock that it first disclosed in early January. |
NEWS_42 | By Brad Sorensen, CFA
NYSE:GNS
READ THE FULL GNS RESEARCH REPORT
Genius Group (NYSE:GNS) continues to grow their business and recently raised their revenue guidance for 2023. To us, this continues to illustrate the positive momentum the cutting-edge entrepreneurial education company has and reinforces our belief that GNS is a stock worth a look by investors. Additionally, we believe that the downturn in overall global economic growth that we’ve seen recently and is likely to continue helps to bolster the prospects for Genuis Group. As economic conditions worsen, and the labor market tightens, which is a clear objective of the Federal Reserve, people often look to educational improvements in order to advance their situation. And a company such as Genius, which provides an innovative experience designed to engage the student is one that should disproportionately benefit from such a move in our view.
As mentioned, the company issued 2023 guidance for several numerical metrics:
• 2023 revenue is expected to grow to $48-52 million, up 37% from the $35-38 million 2022 pro forma guidance.
• The number of students the company expects to have in 2023 rises to 5.7-6.0 million from the 4.4-4.6 million guided to in 2022.
• The company also expects 2023 adjusted EBITDA to be in the range of $0.5-1.0 million.
Management also updated the integration of the company’s recent acquisitions and noted that continue the process and believe that those acquisitions will contribute positively to the 2023 results.
On another subject, Genius has been involved in investigating the potential for illegal manipulation occurring in the company’s stock price, resulting in depressing the price artificially. The initial investigation appeared to garner enough evidence to move on to the next step, which involves several moves by the Genius board:
• The company announced that it is advancing to the next stage of the legal process and is exploring legal action against anyone reasonably believed to be involved in market manipulation of GNS stock.
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• The board announced plans to pay a special dividend to all shareholders. The company hopes that by doing this those who have participated in market manipulation of the stock may be exposed.
o Details of the special dividend will be announced at a later date.
• The company is also exploring the possibility of a dual listing.
We aren’t going to opine much on this situation as it is still in the legal pipeline and investigation are continuing but we will say that we wholeheartedly support any efforts to dissuade market manipulation and believe that the efforts by Genius management will ultimately benefit shareholders, which we’ve already seen evidence of in a very short time frame—further bolstering the case for investing in GNS stock in our view.
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NEWS_43 | Golden Ocean Group (GOGL) closed at $9.33 in the latest trading session, marking a -1.06% move from the prior day. This change lagged the S&P 500's 1.19% gain on the day. Meanwhile, the Dow gained 0.76%, and the Nasdaq, a tech-heavy index, added 0.29%.
Prior to today's trading, shares of the shipping company had gained 2.28% over the past month. This has lagged the Transportation sector's gain of 5.66% and the S&P 500's gain of 4.06% in that time.
Golden Ocean Group will be looking to display strength as it nears its next earnings release. In that report, analysts expect Golden Ocean Group to post earnings of $0.15 per share. This would mark a year-over-year decline of 84.85%. Our most recent consensus estimate is calling for quarterly revenue of $136.12 million, down 56.49% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Golden Ocean Group. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Golden Ocean Group currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Golden Ocean Group is holding a Forward P/E ratio of 8.35. Its industry sports an average Forward P/E of 5.06, so we one might conclude that Golden Ocean Group is trading at a premium comparatively.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 10% of all 250+ industries.
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The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow GOGL in the coming trading sessions, be sure to utilize Zacks.com.
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Golden Ocean Group Limited (GOGL) : Free Stock Analysis Report
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Zacks Investment Research |
NEWS_44 | KELOWNA, BC / ACCESSWIRE / January 23, 2023 / Lexaria Bioscience Corp. (NASDAQ:LEXX)(NASDAQ:LEXXW) (the "Company" or "Lexaria"), a global innovator in drug delivery platforms is pleased to announce that the former President of GW Pharmaceuticals USA, Julian Gangolli, is joining Lexaria Bioscience Corp as a Strategic Advisor.
"I am excited to be advising Lexaria Bioscience as it has become an established force in the field of improved drug delivery. As with GW Pharmaceutical's innovations in the cannabinoid field, the potential of Lexaria's disruptive drug delivery technology is significant and I hope to assist Lexaria in its commercial development of DehydraTECH for multiple applications," said Julian Gangolli.
"As we intensify our focus during 2023 on commercial execution of our robust DehydraTECH technology portfolio, I am very pleased to welcome Julian with his extensive pharmaceutical experience, to the broadening Lexaria team," said Chris Bunka, CEO of Lexaria.
Julian Gangolli was appointed US President of GW Pharmaceuticals in 2015. He oversaw approval by the US Food and Drug Administration of the first and only pure cannabidiol ("CBD") drug ever approved by the FDA, Epidiolex®, and its subsequent successful commercialization in the USA. This commercial success led ultimately to the acquisition of GW Pharmaceuticals by Jazz Pharmaceuticals in 2021 in a $7.2 billion transaction.
Mr. Gangolli was previously North American President of Allergan and a member of their Executive Management team that oversaw the sale of Allergan to Actavis in 2015. Mr. Gangolli was a senior member of the Allergan management team from 1998 onwards that transformed Allergan into one of the leading specialty pharmaceutical companies in the US.
Stock options valid to purchase 5,000 shares of the Company are being issued to Mr. Gangolli with an exercise price of $2.73 per share, valid for 5 years from the date of issuance.
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About Lexaria Bioscience Corp.
Lexaria Bioscience Corp.'s patented drug delivery technology, DehydraTECH™, improves the way active pharmaceutical ingredients (APIs) enter the bloodstream through oral delivery. Since 2016, DehydraTECH has repeatedly demonstrated the ability to increase bio-absorption with cannabinoids, antiviral drugs, PDE5 inhibitors and more. DehydraTECH has also evidenced an ability to deliver some drugs more effectively across the blood brain barrier. Lexaria operates a licensed in-house research laboratory and holds a robust intellectual property portfolio with 28 patents granted and many patents pending worldwide. For more information, please visit www.lexariabioscience.com.
CAUTION REGARDING FORWARD-LOOKING STATEMENTS
This press release includes forward-looking statements. Statements as such term is defined under applicable securities laws. These statements may be identified by words such as "anticipate," "if," "believe," "plan," "estimate," "expect," "intend," "may," "could," "should," "will," and other similar expressions. Such forward-looking statements in this press release include, but are not limited to, statements by the company relating the Company's ability to carry out research initiatives, receive regulatory approvals or grants or experience positive effects or results from any research or study. Such forward-looking statements are estimates reflecting the Company's best judgment based upon current information and involve a number of risks and uncertainties, and there can be no assurance that the Company will actually achieve the plans, intentions, or expectations disclosed in these forward-looking statements. As such, you should not place undue reliance on these forward-looking statements. Factors which could cause actual results to differ materially from those estimated by the Company include, but are not limited to, government regulation and regulatory approvals, managing and maintaining growth, the effect of adverse publicity, litigation, competition, scientific discovery, the patent application and approval process, potential adverse effects arising from the testing or use of products utilizing the DehydraTECH technology, the Company's ability to maintain existing collaborations and realize the benefits thereof, delays or cancellations of planned R&D that could occur related to pandemics or for other reasons, and other factors which may be identified from time to time in the Company's public announcements and periodic filings with the US Securities and Exchange Commission on EDGAR. The Company provides links to third-party websites only as a courtesy to readers and disclaims any responsibility for the thoroughness, accuracy or timeliness of information at third-party websites. There is no assurance that any of Lexaria's postulated uses, benefits, or advantages for the patented and patent-pending technology will in fact be realized in any manner or in any part. No statement herein has been evaluated by the Food and Drug Administration (FDA). Lexaria-associated products are not intended to diagnose, treat, cure or prevent any disease. Any forward-looking statements contained in this release speak only as of the date hereof, and the Company expressly disclaims any obligation to update any forward-looking statements or links to third-party websites contained herein, whether as a result of any new information, future events, changed circumstances or otherwise, except as otherwise required by law.
INVESTOR CONTACT:
George Jurcic - Head of Investor Relations
[email protected]
Phone: 250-765-6424, ext 202
SOURCE: Lexaria Bioscience Corp.
View source version on accesswire.com:
https://www.accesswire.com/736187/Former-President-of-GW-Pharmaceuticals-USA-Joins-Lexaria-Bioscience-as-Strategic-Advisor
|
NEWS_45 | Ideally, your overall portfolio should beat the market average. But every investor is virtually certain to have both over-performing and under-performing stocks. At this point some shareholders may be questioning their investment in Ligand Pharmaceuticals Incorporated (NASDAQ:LGND), since the last five years saw the share price fall 58%. Shareholders have had an even rougher run lately, with the share price down 19% in the last 90 days.
So let's have a look and see if the longer term performance of the company has been in line with the underlying business' progress.
View our latest analysis for Ligand Pharmaceuticals
In his essay The Superinvestors of Graham-and-Doddsville Warren Buffett described how share prices do not always rationally reflect the value of a business. By comparing earnings per share (EPS) and share price changes over time, we can get a feel for how investor attitudes to a company have morphed over time.
Over five years Ligand Pharmaceuticals' earnings per share dropped significantly, falling to a loss, with the share price also lower. Since the company has fallen to a loss making position, it's hard to compare the change in EPS with the share price change. But we would generally expect a lower price, given the situation.
You can see how EPS has changed over time in the image below (click on the chart to see the exact values).
We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. It might be well worthwhile taking a look at our free report on Ligand Pharmaceuticals' earnings, revenue and cash flow.
What About The Total Shareholder Return (TSR)?
We've already covered Ligand Pharmaceuticals' share price action, but we should also mention its total shareholder return (TSR). The TSR attempts to capture the value of dividends (as if they were reinvested) as well as any spin-offs or discounted capital raisings offered to shareholders. Ligand Pharmaceuticals hasn't been paying dividends, but its TSR of -35% exceeds its share price return of -58%, implying it has either spun-off a business, or raised capital at a discount; thereby providing additional value to shareholders.
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A Different Perspective
While it's certainly disappointing to see that Ligand Pharmaceuticals shares lost 7.3% throughout the year, that wasn't as bad as the market loss of 10%. What is more upsetting is the 6% per annum loss investors have suffered over the last half decade. This sort of share price action isn't particularly encouraging, but at least the losses are slowing. I find it very interesting to look at share price over the long term as a proxy for business performance. But to truly gain insight, we need to consider other information, too. Consider for instance, the ever-present spectre of investment risk. We've identified 1 warning sign with Ligand Pharmaceuticals , and understanding them should be part of your investment process.
There are plenty of other companies that have insiders buying up shares. You probably do not want to miss this free list of growing companies that insiders are buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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NEWS_46 | SAN JOSE, Calif., Jan. 23, 2023 /PRNewswire/ --Lumentum Holdings Inc. ("Lumentum") today announced that it will release its fiscal second quarter 2023 financial results on Thursday, February 9, 2023, before the market opens.
Lumentum will hold a conference call the same day at 5:30 a.m. PT/8:30 a.m. ET. A live webcast of the call and the replay will be available in the Investors section of the Lumentum website at http://investor.lumentum.com.
To participate via telephone:
US: (844) 200-6205
International: (929) 526-1599
Access Code: 440258
The Company recommends participants dial in at least 10 minutes before the scheduled start to minimize potential delays in joining the call.
Lumentum also encourages those who plan to dial into the conference call to pre-register: pre-registration link. Callers who pre-register will be given a unique dial-in number and PIN via email to gain immediate access to the call.
To listen to a replay via telephone:
Dial-In: (866) 813-9403 or (929) 458-6194
Access Code: 369158
Start Date: February 9, 2023, 8:30 a.m. PT
End Date: February 16, 2023, 9 p.m. PT
The earnings press release will be posted at http://investor.lumentum.com under the "Financial News Releases" section. Additional materials supporting the conference call and earnings release will be posted under the "Events and Presentations" section.
About Lumentum
Lumentum (NASDAQ: LITE) is a market-leading designer and manufacturer of innovative optical and photonic products enabling optical networking and laser applications worldwide. Lumentum optical components and subsystems are part of virtually every type of telecom, enterprise, and data center network. Lumentum lasers enable advanced manufacturing techniques and diverse applications including next-generation 3D sensing capabilities. Lumentum is headquartered in San Jose, California with R&D, manufacturing, and sales offices worldwide. For more information, visit www.lumentum.com and follow Lumentum on LinkedIn, Twitter, Facebook, Instagram, and YouTube.
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Category: Financial
Contact
Investors: Kathy Ta, 408-750-3853; [email protected] Media: Christina Itzkowitz, 781-929-0565; [email protected]
Cision
View original content:https://www.prnewswire.com/news-releases/lumentum-to-announce-fiscal-second-quarter-2023-financial-results-on-february-9-2023-301728579.html
SOURCE Lumentum |
NEWS_47 | BOCA RATON, Fla., January 23, 2023--(BUSINESS WIRE)--Terran Orbital Corporation (NYSE: LLAP) ("Terran Orbital" or the "Company"), a global leader in satellite-based solutions primarily serving the aerospace and defense industries, today announced the Company will host its year-end 2022 results conference call on March 21, 2023 at 11:00 a.m. E.T. The call will discuss Q4 and full-year 2022 results.
Participating on the call will be Terran Orbital’s Chief Executive Officer, Marc Bell, and Chief Financial Officer, Gary Hobart, who will discuss operational and financial highlights for the year ended December 31, 2022. Year-end 2022 results will be published prior to the market opening on March 21.
US-based participants may access the call at +1 844-200-6205 while international callers may use +1 929-526-1599. The access code is 553921. Participants may also register to view the event here. Additionally, a live webcast and replay will be available under the Events and Presentations section of Terran Orbital’s investor relations website at Terran Orbital Corporation – Events & Presentations.
About Terran Orbital
Terran Orbital is a leading manufacturer of satellite products primarily serving the aerospace and defense industries. Terran Orbital provides end-to-end satellite solutions by combining satellite design, production, launch planning, mission operations, and on-orbit support to meet the needs of the most demanding military, civil, and commercial customers. Learn more at www.terranorbital.com.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005730/en/
Contacts
Investor Relations Contact
Jonathan Siegmann
[email protected]
949-202-8476
Media Contact
Virginia Norder
[email protected]
949-508-6404 |
NEWS_48 | HOUSTON, January 23, 2023--(BUSINESS WIRE)--Cheniere Energy, Inc. ("Cheniere") (NYSE American: LNG) announced today that it plans to issue its earnings release with respect to fourth quarter and full year 2022 financial results on Thursday, February 23, 2023 before the market opens. Cheniere will host a conference call for investors and analysts at 11:00 a.m. Eastern Time (10:00 a.m. Central Time) that day to discuss fourth quarter and full year results.
A listen-only webcast of the call and accompanying slide presentation will be available at www.cheniere.com. After completion of the webcast, a replay will be available on the Cheniere website.
About Cheniere
Cheniere Energy, Inc. is the leading producer and exporter of liquefied natural gas ("LNG") in the United States, reliably providing a clean, secure, and affordable solution to the growing global need for natural gas. Cheniere is a full-service LNG provider, with capabilities that include gas procurement and transportation, liquefaction, vessel chartering, and LNG delivery. Cheniere has one of the largest liquefaction platforms in the world, consisting of the Sabine Pass and Corpus Christi liquefaction facilities on the U.S. Gulf Coast, with total production capacity of approximately 45 million tonnes per annum ("mtpa") of LNG in operation and an additional 10+ mtpa of expected production capacity under construction. Cheniere is also pursuing liquefaction expansion opportunities and other projects along the LNG value chain. Cheniere is headquartered in Houston, Texas, and has additional offices in London, Singapore, Beijing, Tokyo, and Washington, D.C.
For additional information, please refer to the Cheniere website at www.cheniere.com and Quarterly Report on Form 10-Q for the quarter ended September 30, 2022, filed with the Securities and Exchange Commission.
Forward-Looking Statements
This press release contains certain statements that may include "forward-looking statements" within the meanings of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. All statements, other than statements of historical or present facts or conditions, included herein are "forward-looking statements." Included among "forward-looking statements" are, among other things, (i) statements regarding Cheniere’s financial and operational guidance, business strategy, plans and objectives, including the development, construction and operation of liquefaction facilities, (ii) statements regarding regulatory authorization and approval expectations, (iii) statements expressing beliefs and expectations regarding the development of Cheniere’s LNG terminal and pipeline businesses, including liquefaction facilities, (iv) statements regarding the business operations and prospects of third-parties, (v) statements regarding potential financing arrangements, (vi) statements regarding future discussions and entry into contracts, and (vii) statements relating to Cheniere’s capital deployment, including intent, ability, extent, and timing of capital expenditures, debt repayment, dividends, share repurchases and execution on the capital allocation plan. Although Cheniere believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Cheniere’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in Cheniere’s periodic reports that are filed with and available from the Securities and Exchange Commission. You should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Other than as required under the securities laws, Cheniere does not assume a duty to update these forward-looking statements.
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View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005687/en/
Contacts
Cheniere Energy, Inc.
Investors
Randy Bhatia, 713-375-5479
Frances Smith, 713-375-5753
Media Relations
Eben Burnham-Snyder, 713-375-5764 |
NEWS_49 | Dorian LPG (LPG) closed the most recent trading day at $18.14, moving -1.63% from the previous trading session. This change lagged the S&P 500's 1.19% gain on the day. Elsewhere, the Dow gained 0.76%, while the tech-heavy Nasdaq added 0.29%.
Prior to today's trading, shares of the liquified petroleum gas shipping company had lost 5.53% over the past month. This has lagged the Transportation sector's gain of 5.66% and the S&P 500's gain of 4.06% in that time.
Wall Street will be looking for positivity from Dorian LPG as it approaches its next earnings report date. On that day, Dorian LPG is projected to report earnings of $1.40 per share, which would represent year-over-year growth of 311.76%. Meanwhile, our latest consensus estimate is calling for revenue of $110.4 million, up 60.93% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.01 per share and revenue of $326.26 million. These totals would mark changes of +201.5% and +18.98%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Dorian LPG. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Dorian LPG is currently sporting a Zacks Rank of #1 (Strong Buy).
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Valuation is also important, so investors should note that Dorian LPG has a Forward P/E ratio of 4.6 right now. For comparison, its industry has an average Forward P/E of 5.06, which means Dorian LPG is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 24, putting it in the top 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Dorian LPG Ltd. (LPG) : Free Stock Analysis Report
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Zacks Investment Research |
NEWS_50 | LPL Financial Holdings, Inc.
CHARLOTTE, N.C., Jan. 23, 2023 (GLOBE NEWSWIRE) -- LPL Financial LLC announced today that two teams of financial advisors who serve a combined $275 million in advisory, brokerage and retirement plan assets* have joined LPL’s employee advisor channel, Linsco by LPL Financial (“Linsco”). Chris Corcoran CRPC®, joins from Merrill Lynch and will be the first tenant in a new Linsco office in Houston, Texas. Additionally, Matt Jackson and Adam Callender CRPC®, join LPL from Truist and will work remotely from Northeast Florida.
About Memorial Financial Advisors of LPL Financial
With nearly 25 years of industry experience, Corcoran’s mission is to be transparent and honest in his work to help clients make sensible decisions that move them closer to their financial goals. He works primarily with oil and gas engineers and other self-made clients.
“I entered financial services because I saw the impact it has on a person’s life. I found that many people don’t have the experience or inclination to create a plan for their financial future, but with the right guidance and processes in place, they are better prepared to send their children to college, retire comfortably and distribute wealth to the next generation,” Corcoran said. “I’ve spent two decades building a relationship-driven practice where I do my best to provide great experiences, financial education and timely advice, all actionable and simple to understand.”
With the move to LPL, Corcoran launches Memorial Financial Advisors of LPL Financial, named after the affluent, suburban Memorial area of Houston.
About Jackson Callender Group Wealth Management Powered by LPL Financial
With a combined 22 years of financial services experience, Jackson and Callender have worked together since 2006, having shifted from the mortgage industry to wealth management in 2010. The advisors specialize in retirement planning, investment solutions and appropriate risk management strategies, and they are joined by Registered Client Service Associate Tiffany Nessmith.
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“Our process begins by understanding each client’s goals and learning about their family and interests,” Jackson said. “Then, we tailor a combination of strategies for each client, helping them understand and adjust for the impact of key events in the market as they work toward financial success.”
Why Linsco by LPL?
Both teams turned to Linsco by LPL in their quest to enhance the service experience for clients and operate on their own terms, with the freedom and flexibility to focus on what’s best for their clients and business.
Linsco by LPL serves financial advisors seeking the core tenets of independence, including owning their client relationships and having flexibility to run their practice, their way. With Linsco, advisors benefit from the support from an experienced branch management team, dedicated marketing consultant, technology consultant and service team, freeing up more time for advisors to focus on helping their clients.
As the anchor tenant in the new Houston Linsco office, Corcoran hopes to set the tone for an open, welcoming and friendly environment. He looks forward to the next phase of his career.
“I’ve met with every large financial services firm over the past two years, and with LPL I feel like I’ve found a true partner to help me create a practice on my own terms,” Corcoran said. “I wanted to be a W2 employee so I didn’t have to worry about real estate or running the business, but I also wanted flexibility to control my own practice. Linsco combines the best of both worlds. I’ve always said I’m going to do what’s best for my clients and ensure they have great experiences, and this move supports that mission.”
The Jackson Callender Group echoed that sentiment.
“We spoke with seven firms during our due diligence process, but LPL stood out as the best place where we can service our clients and grow our business,” Callender said. “Linsco is a nice blend of what we were looking for. It empowers us to make our own decisions, while also giving us a technology upgrade, easier processes and dedicated support to help with operations so we can keep focus on helping our clients.”
Scott Posner, LPL Executive Vice President, Business Development, added, “We welcome these teams to the Linsco community and are honored that Chris, Matt and Adam recognized that LPL can help them take their practice to the next level. Linsco advisors enjoy all the benefits of being an LPL employee, along with autonomy to manage their practice on their own terms. At LPL, we understand that advisors want the freedom and flexibility to provide personalized financial guidance and differentiated service experiences. We are deeply committed to supporting them with integrated capabilities, robust resources and business solutions designed to help their practice thrive. We wish nothing but success for Memorial Financial Advisors and Jackson Callender Wealth Management and look forward to an exciting journey ahead with these teams.”
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LPL Financial (Nasdaq: LPLA) was founded on the principle that the firm should work for the advisor, and not the other way around Today, LPL is a leader in the markets we serve**, supporting more than 21,000 financial advisors, including advisors at approximately 1,100 institution-based investment programs and at approximately 500 registered investment advisor ("RIA") firms nationwide. We are steadfast in our commitment to the advisor-centered model and the belief that Americans deserve access to personalized guidance from a financial advisor. At LPL, independence means that advisors have the freedom they deserve to choose the business model, services, and technology resources that allow them to run their perfect practice. And they have the freedom to manage their client relationships, because they know their clients best. Simply put, we take care of our advisors, so they can take care of their clients.
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NEWS_51 | Long term investing can be life changing when you buy and hold the truly great businesses. While the best companies are hard to find, but they can generate massive returns over long periods. Just think about the savvy investors who held Lattice Semiconductor Corporation (NASDAQ:LSCC) shares for the last five years, while they gained 987%. If that doesn't get you thinking about long term investing, we don't know what will. It's also good to see the share price up 41% over the last quarter. We love happy stories like this one. The company should be really proud of that performance!
So let's assess the underlying fundamentals over the last 5 years and see if they've moved in lock-step with shareholder returns.
View our latest analysis for Lattice Semiconductor
To paraphrase Benjamin Graham: Over the short term the market is a voting machine, but over the long term it's a weighing machine. One imperfect but simple way to consider how the market perception of a company has shifted is to compare the change in the earnings per share (EPS) with the share price movement.
During the five years of share price growth, Lattice Semiconductor moved from a loss to profitability. That kind of transition can be an inflection point that justifies a strong share price gain, just as we have seen here. Given that the company made a profit three years ago, but not five years ago, it is worth looking at the share price returns over the last three years, too. We can see that the Lattice Semiconductor share price is up 248% in the last three years. During the same period, EPS grew by 88% each year. This EPS growth is higher than the 51% average annual increase in the share price over the same three years. So you might conclude the market is a little more cautious about the stock, these days. Of course, with a P/E ratio of 63.88, the market remains optimistic.
The image below shows how EPS has tracked over time (if you click on the image you can see greater detail).
We like that insiders have been buying shares in the last twelve months. Having said that, most people consider earnings and revenue growth trends to be a more meaningful guide to the business. Before buying or selling a stock, we always recommend a close examination of historic growth trends, available here..
A Different Perspective
It's good to see that Lattice Semiconductor has rewarded shareholders with a total shareholder return of 33% in the last twelve months. However, the TSR over five years, coming in at 61% per year, is even more impressive. The pessimistic view would be that be that the stock has its best days behind it, but on the other hand the price might simply be moderating while the business itself continues to execute. It is all well and good that insiders have been buying shares, but we suggest you check here to see what price insiders were buying at.
Lattice Semiconductor is not the only stock insiders are buying. So take a peek at this free list of growing companies with insider buying.
Please note, the market returns quoted in this article reflect the market weighted average returns of stocks that currently trade on US exchanges.
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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NEWS_52 | Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Life Time Group Holdings, Inc. (LTH), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Life Time Group Holdings, Inc. Currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if LTH is a promising momentum pick, let's examine some Momentum Style elements to see if this company holds up.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
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For LTH, shares are up 35.44% over the past week while the Zacks Medical Services industry is up 6.29% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 45.91% compares favorably with the industry's 10.69% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Life Time Group Holdings, Inc. Have risen 63.21%, and are up 10.56% in the last year. In comparison, the S&P 500 has only moved 8.85% and -9.95%, respectively.
Investors should also pay attention to LTH's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. LTH is currently averaging 486,451 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with LTH.
Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost LTH's consensus estimate, increasing from -$0.15 to -$0.11 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that LTH is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Life Time Group Holdings, Inc. On your short list.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Life Time Group Holdings, Inc. (LTH) : Free Stock Analysis Report
To read this article on Zacks.com click here.
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NEWS_53 | Investors in Lumen Technologies, Inc. LUMN need to pay close attention to the stock based on moves in the options market lately. That is because the Feb 17, 2023 $1.00 Call had some of the highest implied volatility of all equity options today.
What is Implied Volatility?
Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.
What do the Analysts Think?
Clearly, options traders are pricing in a big move for Lumen shares, but what is the fundamental picture for the company? Currently, Lumen is a Zacks Rank #4 (Sell) in the Technology Services industry that ranks in the Bottom 41% of our Zacks Industry Rank. Over the last 60 days, no analysts have increased their earnings estimates for the current quarter, while two analysts have revised their estimates downward. The net effect has taken our Zacks Consensus Estimate for the current quarter from 15 cents per share to 13 cents in that period.
Given the way analysts feel about Lumen right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.
Looking to Trade Options?
Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.
Story continues
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Lumen Technologies, Inc. (LUMN) : Free Stock Analysis Report
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Zacks Investment Research |
NEWS_54 | Theodore and LuxUrban to Collaborate on "LuxUrban by Theodore" Experience
MIAMI, January 23, 2023--(BUSINESS WIRE)--LuxUrban Hotels Inc. (Nasdaq: LUXH) (or "the Company"), which utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities, announced today that internationally renowned artist Bradley Theodore will serve as the Company’s first brand ambassador. The relationship will be built around Theodore’s bold, colorful, and iconic approach to art, and will feature the promotion of his original works through a variety of activities designed to enhance the LuxUrban experience.
"Bradley Theodore is an incredible artist who has collaborated with some of the world’s most recognized and respected brands, and we are thrilled to have this opportunity to incorporate his vision into the LuxUrban experience," said Brian Ferdinand, Chairman and CEO. "In its best and purest form, travel - like art - should be a transcendent experience; it should stir your emotions while affording the time to be still and discover the beauty that resides just below the surface of everyday life. Working with Bradley, we will create an intersection between art and hospitality that provides LuxUrban guests with an unforgettable travel experience."
Theodore is a Turks and Caicos born, New York-based contemporary artist who began his career creating large-format street art and is now internationally renowned for his portraits of prominent figures using his hallmark kaleidoscopic skeletal style. Theodore has exhibited his work in galleries across the world and has collaborated with popular artists and brands on projects for Puma, Moët , Rolls-Royce, LEGO, and Moleskin. He has served as the Official Artist of the U.S. Open, was the subject of an independent film, and created a limited edition of bottles for HAIG Whisky and David Beckham. Additional information can be found at https://www.bradleytheodore.com/.
Theodore will have studio space at certain LuxUrban properties, and it is anticipated that his sculptures and artwork will be displayed in the lobby and select guest rooms of LuxUrban properties in Miami Beach, Los Angeles, and New York City beginning in March 2023. Guests will have the opportunity to purchase pieces by Theodore. There are also plans for Theodore to host an Art Basel event at LuxUrban’s recently acquired Townhouse Hotel in Miami’s South Beach later this year.
"One of my greatest passions is traveling, so being able to share my artwork with LuxUrban’s guests at the Company’s newly acquired high-end properties is exciting," said Theodore. "I’ve chosen to align myself with LuxUrban given their rapid growth in key destination cities and their enthusiasm to incorporate an arts and cultural center experience for their diverse clientele."
LuxUrban Hotels Inc.
LuxUrban Hotels Inc. utilizes a long-term lease, asset-light business model to acquire and manage a growing portfolio of short-term rental properties in major metropolitan cities. The Company’s future growth focuses primarily on seeking to create "win-win" opportunities for owners of dislocated hotels, including those impacted by COVID-19 travel restrictions, while providing LuxUrban Hotels favorable operating margins. LuxUrban Hotels operates these properties in a cost-effective manner by leveraging technology to identify, acquire, manage, and market them globally to business and vacation travelers through dozens of third-party sales and distribution channels, and the Company’s own online portal. Guests at the LuxUrban Hotels properties are provided high quality service under the Company’s consumer brand, LuxUrbanTM.
Forward Looking Statements
This press release contains forward-looking statements, including with respect to the activities associated with the Company’s collaboration with Bradley Theodore, expected closing of noted lease transactions and continued closing on additional leases for properties in the Company’s pipeline, as well the Company’s anticipated ability to commercialize efficiently and profitably the properties it leases and will lease in the future. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including those set forth under the caption "Risk Factors" in the prospectus forming part of the Company’s effective Registration Statement on Form S-1 (File No. 333-267821). Generally, such forward-looking information or forward-looking statements can be identified by the use of forward-looking terminology such as "plans", "expects" or "does not expect", "is expected", "budget", "scheduled", "estimates", "forecasts", "intends", "anticipates" or "does not anticipate", or "believes", or variations of such words and phrases or may contain statements that certain actions, events or results "may", "could", "would", "might" or "will be taken", "will continue", "will occur" or "will be achieved". Forward-looking information may relate to anticipated events or results including, but not limited to business strategy, leasing terms, high-level occupancy rates, and sales and growth plans. The financial projections provided herein are based on certain assumptions and existing and anticipated market, travel and public health conditions, all of which may change. The forward-looking information and forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake to update any forward-looking information and/or forward-looking statements that are contained or referenced herein, except in accordance with applicable securities laws.
View source version on businesswire.com: https://www.businesswire.com/news/home/20230123005466/en/
Contacts
LuxUrban Hotels Inc.
Shanoop Kothari
Chief Financial Officer
[email protected]
The Equity Group Inc.
Devin Sullivan
Managing Director
(212) 836-9608
[email protected]
David Shayne
Analyst
(212) 836-9628
[email protected] |
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