Zacks Rank #3 (Hold): Though Verizon's Zacks Rank #3 increases the predictive power of ESP, we caution investors against the stock going into the earnings announcement, as a Zacks Earnings ESP of -1.11% combined with a Zacks Rank # 3 lowers the possibility of an earnings surprise. Other Stocks to Consider Here are some other companies to consider as our model shows they have the right combination of elements to post an earnings beat this quarter. Shenandoah Telecommunications Co. ( SHEN ) has an earnings ESP of +2.50% and a Zacks Rank #1 (Strong Buy). BCE Inc. ( BCE ) has an earnings ESP of +1.27% and carries a Zacks Rank #2 (Buy).
Following the merger, Salix will become a wholly-owned subsidiary of Irish domiciled Cosmo Technologies. We are positive on the upcoming merger. The change of base will allow the company to enjoy a tax efficient corporate structure, thereby allowing it to obtain lower tax rates on licensing agreements to be signed in the future. Additionally, Cosmo, which has expertise in the field of gastrointestinal diseases such as inflammatory bowel disease, colon infections and diagnostics, will help to strengthen Salix's position in the market for gastrointestinal disease and disorders. Salix expects this transaction to be modestly accretive to 2016 earnings and boost the bottom line further thereafter.
Newfield Exploration Raises '14 Production Guidance & Capex - Analyst Blog - NASDAQ.com
This could amount to a changing of the guard in Google's focus; time will tell. Neither stock is doing much particularly noteworthy after the bell: Google has made back roughly the full point and a half it lost in regular Thursday trading, and after an initial spike up in after-hours trading, shares have traded down more than a point. But as this is a very irregular news day -- a Malaysian commercial airliner crashes in the Ukraine and Israel sends soldiers into Gaza -- we don't expect earnings news to eclipse anything today. Capital One Earnings Beat on Credit and Loan Growth Capital One Financial ( COF - Free Report ) reported earnings after the bell, posting an EPS of $2.04 and Revenues of $5.47 billion. This was a solid beat of the Zacks Consensus Earnings Estimate of $1.79, and came in ahead of the Zacks Consensus Revenue Estimate of $5.431 billion. Over the past month, analysts have been upgrading their estimates of COF due to growing consumer confidence, and better credit and loan growth. In the past thirty days, estimates have risen across the board; Q2, up from $1.77 to $1.79, Q3 up from $1.82 to $1.84, and for the full year, up from $7.19 to $7.27. Another positive for the company is the value they are returning to their shareholders.After the repurchase of $1 billion in common shares in 2013, management announced, in March, the plans to utilize another $2.5 billion for share repurchases in 2014.Add that with an improving dividend, currently yielding 1.42%, and you have both analysts and investors being highly positive with this stock. Further, the recent partnership with Kohls has help bolster their future growth prospects as well.In May, COF announced a multiyear deal with Kohls to continue their private label credit card agreement. This was an area of concern with the street due to the misperception that COFs private label division was weakening. This should expel those notions.
The Zacks Analyst Blog Highlights: Google, IBM, Intel, Ford and Capital One Financial - Yahoo Finance
Specifically, oil and gas prices have been increasingly volatile in recent years. This volatility tends to impact this sector stock performance. Newfield Exploration currently carries a Zacks Rank #2 (Buy). Other stocks in the oil and gas sector with a favorable Zacks Rank include EXCO Resources Inc. ( XCO ), ConocoPhillips ( COP ) and Midstates Petroleum Company, Inc.