|By PR Newswire||
|February 11, 2013 09:30 AM EST||
CHICAGO, Feb. 11, 2013 /PRNewswire/ -- Zacks Equity Research highlights CoreLogic (NYSE:CLGX) as the Bull of the Day and Bebe Stores (Nasdaq:BEBE) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on Plains All American Pipeline, L.P. (NYSE:PAA), Devon Energy Corporation (NYSE:DVN) and Chesapeake Energy Corporation (NYSE:CHK).
Full analysis of all these stocks is available at http://at.zacks.com/?id=2678.
Here is a synopsis of all five stocks:
On January 31, CoreLogic (NYSE:CLGX) updated its financial guidance for 2012. The company now expects stronger results for 2012 (expected at the top of its previous guidance range) as a result of higher origination volumes, acceleration in data and analytics revenue growth and cost reduction programs as well as share repurchases.
CoreLogic also provided its initial guidance for 2013. The company expects earnings of $1.65 to $1.75 per share for 2013, implying a growth of 10-17%. . The results will be released on February 21, 2013.
Zacks consensus estimate now calls for earnings of $0.32 per share in the previous quarter and $0.43 per share in the current quarter. Further, Zacks Industry rank also looks attractive currently—70 out of 265.
In November, S&P had upgraded its outlook on CoreLogic from positive to stable. The upgrade was a result of expectation that the company will be able to maintain earnings stability through origination cycles and its moderate financial policies. The rating agency further stated that CoreLogic's leadership position in mortgage processing markets and focus on reducing costs will support consistent profitability,
Bebe Stores (Nasdaq:BEBE) designs, develops and produces a distinctive line of contemporary women's apparel and accessories. They market their products under the bebe, BEBE SPORT, bbsp and 2b brand names through their retail stores located in the United States, Canada and internationally licensed stores.
Bebe reported its results for the second quarter ended December 29, 2012 on January 31, 2012. The quarter resulted in a loss of $4.8 million, or $0.06 per share compared with a profit of $6.5 million, or $0.08 per share in the second quarter of prior fiscal.
Gross margin also declined from 33.9% of net sales compared with 40.1% from the year-ago quarter, as a result of increase in mark downs and unfavorable occupancy leverage. The consensus expectation was for a loss of $0.01 per share.
The company expects the finished goods inventory to increase, which coupled with rising SG&A expenses (39.4% for the reported quarter compared with 32.8% for the prior-year quarter) will put further pressure on margins.
Latest Posts on the Zacks Analyst Blog:
Plains All American Expands Pipeline
Plains All American Pipeline, L.P. (NYSE:PAA) is expanding its existing Mississippian Lime Pipeline, stretching from Coldwater in Comanche County , Kansas to Byron in Alfalfa County , Oklahoma . This project is expected to be online in the fourth quarter of 2013.
This 55-mile pipeline project will enable Plains All American to transport roughly 75,000 barrels of oil per day (Bbls/d). The partnership is installing this pipeline to transfer crude oil from the Mississippian Lime pipeline to its terminal in Cushing , Oklahoma .
In Feb 2012, Plains All American had started the construction of its 170-mile Mississippian Lime Pipeline. This pipeline, in combination with earlier announced Medford-to-Cushing pipeline renovation, is expected to supply approximately 175,000 Bbls/d of crude oil to Cushing. This project is expected to be brought into service in the middle of 2013.
High resource potential in the Mississippian oil play has attracted big oil and gas operators. Plains All American was also lured. This factor along with growing production propels the partnership to deploy additional $150 million in 2013 for the expansion of its Mississippian Lime Pipeline. Other operators including Devon Energy Corporation (NYSE:DVN) and Chesapeake Energy Corporation (NYSE:CHK) have strong acreage in this region.
Fourth-quarter 2012 Earnings Recap
Plains All American announced its fourth-quarter and full-year 2012 results on Feb 6. The partnership posted fourth-quarter 2012 pro forma earnings of $1.01 per unit, beating the Zacks Consensus Estimate by 32 cents. Quarterly earnings were 23.2% higher than the year-ago figure. Its full-year 2012 earnings were $3.35 per unit, surpassing the Zacks Consensus Estimate by 39.6%. The full-year result was 27.9% higher than last year's earnings.
Get the full analysis of all these stocks by going to http://at.zacks.com/?id=2649.
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.
About the Analyst Blog
Updated throughout every trading day, the Analyst Blog provides analysis from Zacks Equity Research about the latest news and events impacting stocks and the financial markets.
About Zacks Equity Research
Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.
Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment
Research is through our free daily email newsletter; Profit from the Pros. In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros at http://at.zacks.com/?id=4582.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Follow us on Twitter: http://twitter.com/zacksresearch
Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
SOURCE Zacks Investment Research, Inc.
Most companies hope for rapid growth so it's important to invest in scalable core technologies that won't demand a complete overhaul when a business goes through a growth spurt. Cloud technology enables previously difficult-to-scale solutions like phone, network infrastructure or billing systems to automatically scale based on demand. For example, with a virtual PBX service, a single-user cloud phone service can easily transition into an advanced VoIP system that supports hundreds of phones and ...
May. 22, 2015 07:00 AM EDT Reads: 2,579
Since 2008 and for the first time in history, more than half of humans live in urban areas, urging cities to become “smart.” Today, cities can leverage the wide availability of smartphones combined with new technologies such as Beacons or NFC to connect their urban furniture and environment to create citizen-first services that improve transportation, way-finding and information delivery. In her session at @ThingsExpo, Laetitia Gazel-Anthoine, CEO of Connecthings, will focus on successful use c...
May. 22, 2015 06:00 AM EDT Reads: 4,640
The recent trends like cloud computing, social, mobile and Internet of Things are forcing enterprises to modernize in order to compete in the competitive globalized markets. However, enterprises are approaching newer technologies with a more silo-ed way, gaining only sub optimal benefits. The Modern Enterprise model is presented as a newer way to think of enterprise IT, which takes a more holistic approach to embracing modern technologies.
May. 22, 2015 06:00 AM EDT Reads: 5,796
DevOps Summit, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world. The widespread success of cloud computing is driving the DevOps revolution in enterprise IT. Now as never before, development teams must communicate and collaborate in a dynamic, 24/7/365 environment. There is no time to wait for long developmen...
May. 22, 2015 06:00 AM EDT Reads: 1,995
Security can create serious friction for DevOps processes. We've come up with an approach to alleviate the friction and provide security value to DevOps teams. In her session at DevOps Summit, Shannon Lietz, Senior Manager of DevSecOps at Intuit, will discuss how DevSecOps got started and how it has evolved. Shannon Lietz has over two decades of experience pursuing next generation security solutions. She is currently the DevSecOps Leader for Intuit where she is responsible for setting and driv...
May. 22, 2015 06:00 AM EDT Reads: 3,687
The explosion of connected devices / sensors is creating an ever-expanding set of new and valuable data. In parallel the emerging capability of Big Data technologies to store, access, analyze, and react to this data is producing changes in business models under the umbrella of the Internet of Things (IoT). In particular within the Insurance industry, IoT appears positioned to enable deep changes by altering relationships between insurers, distributors, and the insured. In his session at @Things...
May. 22, 2015 06:00 AM EDT Reads: 4,457
“Oh, dev is dev and ops is ops, and never the twain shall meet.” With apoloies to Rudyard Kipling and all of his fans, this describes the early state of the two sides of DevOps. Yet the DevOps approach is demanded by cloud computing, as the speed, flexibility, and scalability in today's so-called “Third Platform” must not be hindered by the traditional limitations of software development and deployment. A recent report by Gartner, for example, says that 25% of Global 2000 companies will b...
May. 22, 2015 05:45 AM EDT Reads: 2,599
Software-driven innovation is becoming a primary approach to how businesses create and deliver new value to customers. A survey of 400 business and IT executives by the IBM Institute for Business Value showed businesses that are more effective at software delivery are also more profitable than their peers nearly 70 percent of the time (1). DevOps provides a way for businesses to remain competitive, applying lean and agile principles to software development to speed the delivery of software that ...
May. 22, 2015 05:45 AM EDT Reads: 6,246
Big Data is amazing, it's life changing and yes it is changing how we see our world. Big Data, however, can sometimes be too big. Organizations that are not amassing massive amounts of information and feeding into their decision buckets, smaller data that feeds in from customer buying patterns, buying decisions and buying influences can be more useful when used in the right way. In their session at Big Data Expo, Ermanno Bonifazi, CEO & Founder of Solgenia, and Ian Khan, Global Strategic Positi...
May. 22, 2015 05:30 AM EDT Reads: 2,180
JFrog on Thursday announced that it has added Docker support to Bintray, its distribution-as-a-service (DaaS) platform. When combined with JFrog’s Artifactory binary repository management system, organizations can now manage Docker images with an end-to-end solution that supports all technologies. The new version of Bintray allows organizations to create an unlimited number of private Docker repositories, and through the use of fast Akamai content delivery networks (CDNs), it decreases the dow...
May. 22, 2015 05:30 AM EDT Reads: 3,117
More organizations are embracing DevOps to realize compelling business benefits such as more frequent feature releases, increased application stability, and more productive resource utilization. However, security and compliance monitoring tools have not kept up and often represent the single largest remaining hurdle to continuous delivery. In their session at DevOps Summit, Justin Criswell, Senior Sales Engineer at Alert Logic, Ricardo Lupo, a Solution Architect with Chef, will discuss how to ...
May. 22, 2015 05:15 AM EDT Reads: 2,874
Thanks to Docker, it becomes very easy to leverage containers to build, ship, and run any Linux application on any kind of infrastructure. Docker is particularly helpful for microservice architectures because their successful implementation relies on a fast, efficient deployment mechanism – which is precisely one of the features of Docker. Microservice architectures are therefore becoming more popular, and are increasingly seen as an interesting option even for smaller projects, instead of bein...
May. 22, 2015 05:00 AM EDT Reads: 4,170
Over the last few years the healthcare ecosystem has revolved around innovations in Electronic Health Record (HER) based systems. This evolution has helped us achieve much desired interoperability. Now the focus is shifting to other equally important aspects - scalability and performance. While applying cloud computing environments to the EHR systems, a special consideration needs to be given to the cloud enablement of Veterans Health Information Systems and Technology Architecture (VistA), i.e....
May. 22, 2015 05:00 AM EDT Reads: 3,867
17th Cloud Expo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises a...
May. 22, 2015 05:00 AM EDT Reads: 2,058
One of the biggest impacts of the Internet of Things is and will continue to be on data; specifically data volume, management and usage. Companies are scrambling to adapt to this new and unpredictable data reality with legacy infrastructure that cannot handle the speed and volume of data. In his session at @ThingsExpo, Don DeLoach, CEO and president of Infobright, will discuss how companies need to rethink their data infrastructure to participate in the IoT, including: Data storage: Understand...
May. 22, 2015 05:00 AM EDT Reads: 4,192