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Toll Brothers Q4 Earnings and Revenues Surpass Estimates

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“Toll Brothers (TOL) came out with quarterly earnings of $1.41 per share, beating the Zacks Consensus Estimate of $1.29 per share” writes Zacks Equity Research for nasdaq.com. 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.Ahead of this earnings release, the estimate revisions trend for Toll Brothers was mixed.Toll Brothers, which belongs to the Zacks Building Products – Home Builders industry, posted revenues…

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Dollar General shares climb premarket after earnings top estimates and company raises guidance

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“Dollar General Corp. shares DG, +0.36% rose 5.7% in premarket trade Thursday, after the discount retailer beat estimates for its fiscal third quarter and raised its full-year guidance” writes Ciara Linnane for marketwatch.com. The company expects to open 975 new stores in the year, remodel another 1,000 and relocate 100 stores.The company raised its fiscal 2019 guidance and now sees sales growth in the low 8% range, compared with prior guidance of about 8%.It expects adjusted EPS to range from $6.55 to $6.65, up from prior guidance of $6.45 to…

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Salesforce earnings top estimates, but forecast disappoints

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“For the year, Salesforce sees adjusted earnings of $2.89 to $2.90 a share on revenue of $16.99 billion to $17 billion” writes Wallace Witkowski for marketwatch.com. Analysts surveyed by FactSet had forecast earnings of 67 cents a share on revenue of $4.45 billion.The company expects fiscal first-quarter revenue of $4.8 billion to $4.84 billion and revenue of $20.8 billion to $20.9 billion for fiscal 2021.Adjusted earnings were 75 cents a share.Salesforce.com Inc. earnings topped Wall Street estimates in a Tuesday report, but the cloud-software company’s outlook came in shy of…

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Salesforce edges past Wall Street’s revenue target

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“The company however, maintained the FY 2020 revenue guidance of $17 billion and the FY 2021 revenue guidance of $20.9 billion that it gave at its investor day in November” writes Paayal Zaveri for businessinsider.com. Excluding certain items, Salesforce reported adjusted earnings per share of $0.75, compared to the $0.66 that Wall Street had forecasted.Salesforce also gave guidance for the next quarter, with revenue forecasted of $4.74 to $4.75 billion, slightly above the $4.73 billion analysts predicted.”We’re now on track to double our revenue in five years,” said Marc Benioff,…

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Globe Specialty Metals Reports Q3 Loss, Lags Revenue Estimates

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“Globe Specialty Metals, which belongs to the Zacks Chemical – Specialty industry, posted revenues of $381.75 million for the quarter ended September 2019, missing the Zacks Consensus Estimate by 3.92%” writes Zacks Equity Research for nasdaq.com. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Source: nasdaq.com

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Earnings Preview: Ulta Beauty Q3 Earnings Expected to Decline

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“The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate” writes Zacks Equity Research for nasdaq.com. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate.For Ulta, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company’s earnings prospects.Make sure to utilize our Earnings ESP Filter…

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Yext Expected to Beat Earnings Estimates: What to Know Ahead of Q3 Release

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“The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate” writes Zacks Equity Research for nasdaq.com. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate.This is why it’s worth checking a company’s Earnings ESP and Zacks Rank ahead of its quarterly release.That said, betting on stocks that are expected to beat earnings expectations does increase the…

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Ambarella Q3 Earnings and Revenues Surpass Estimates

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“Ambarella ended the fiscal third quarter with cash and cash equivalents & marketable securities of $400.8 million, up from $375.8 million in the previous quarter” writes Zacks Equity Research for nasdaq.com. The company envisions automotive and security to be down sequentially while other revenues to be flat to slightly up sequentially.The company’s revenues in the fiscal third quarter of $67.9 million surpassed the consensus mark of $65 million and also increased 18.6% year over year.It predicts consumer electronics revenues to be persistently soft, declining as a percentage of revenues over…

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HPE Reports Revenue That Misses Estimates on Server Demand

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“Neri reiterated his pledge that the company will deliver 1% to 3% sales growth in the next three years” writes Nico Grant for yahoo.com. Server sales dropped 13% to $3.23 billion and storage hardware revenue fell 12% to $848 million in the quarter ended Oct. 31.HPE generates about two-thirds of its quarterly revenue from overseas sales. “Global trade tension is causing uncertainty, which results in longer sales cycles,” Neri said in an interview. Source: yahoo.com

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