Stock in the Spotlight: HP (NYSE:HPQ)

HP Inc. (NYSE:HPQ) reported earnings for the three months ended April 2016 on May 25, 2016. The company earned $0.41 per share on revenue of $11.59B. Analysts had been modeling earning per share of $0.38 with $11.72B in revenue.

HP Inc. provides products, technologies, software, solutions, and services to individual consumers and small- and medium-sized businesses (SMBs), as well as to the government, health, and education sectors worldwide. It operates through Personal Systems and Printing segments. The Personal Systems segment offers commercial personal computers (PCs), consumer PCs, workstations, thin client PCs, tablets, retail point-of-sale systems, calculators and other related accessories, software, support, and services for the commercial and consumer markets. The Printing segment provides consumer and commercial printer hardware, supplies, media, scanning device, and software and services; and laserjet and enterprise, inkjet and printing, graphics, and software and web services. The company was formerly known as Hewlett-Packard Company and changed its name to HP Inc. in October 2015. HP Inc. was founded in 1939 and is headquartered in Palo Alto, California.

HP Inc. earnings per share showed a decreasing trend of -5.4% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 164%.Analysts project EPS growth over the next 5 years at 1.15%. It has EPS annual decline over the past 5 fiscal years of -7.7% when sales declined -3.9. It reported -10.7% sales drop, and -4.5% EPS decline in the last quarter.

The stock is trading at $12.95, up 48.33% from 52-week low of $8.91. The stock trades down -9.91% from its peak of $14.82 and 8.88% above the consensus price target of $14.1. Its volume clocked up at 13.35 million shares which is higher than the average volume of 12.78 million shares. Its market capitalization currently stands at $21.57B.

At 1-8oz.com You can Buy Weed in USA with Secure Packages and Free Delivery

Worth Watching Stock: Ascena Retail Group Inc. (NASDAQ:ASNA)

Ascena Retail Group Inc. (NASDAQ:ASNA) reported earnings for the three months ended April 2016 on May 31, 2016. The company earned $0.15 per share on revenue of $1.67B. Analysts had been modeling earning per share of $0.13 with $1.73B in revenue.

ascena retail group, inc. (ASNA) reported financial results for its fiscal third quarter ended April 23, 2016. All adjusted results throughout this release include the results of ANN INC. (“ANN“) in both the current and prior-year periods. Reference should be made to the notes to the accompanying unaudited condensed consolidated financial information for a discussion of theANN acquisition and the use of Non-GAAP financial measures.

For the third quarter of Fiscal 2016, the Company reported earnings of $0.08 per diluted share compared to earnings of $0.15 per diluted share in the same period of Fiscal 2015. The decrease was primarily due to integration costs, interest expense incurred under the $1.8 billion term loan and the effect of non-cash purchase accounting adjustments, all of which were related to the acquisition of ANN, which closed during the first quarter of Fiscal 2016. Also contributing to the year-over-year decline was an increase in the provision for income taxes. For the third quarter of Fiscal 2016, the Company reported adjusted earnings of $0.15 per diluted share. This compares to earnings of $0.16 per diluted share in the same period of Fiscal 2015.

David Jaffe, President and Chief Executive Officer of ascena retail group, inc., commented, “We continued to make progress in the third quarter with key catalysts in our business. The turnaround atJustice is progressing as planned, with improved performance versus last year driven by continued strength in gross margin rate. Our integration of ANN is progressing well, and we remain confident in our $235 million target for deal synergies and cost savings by the end of Fiscal 2018. I am especially pleased with the product-driven strength we have seen at LOFT, which was a bright spot in the quarter.”

Jaffe continued, “At the same time, the environment this Spring has been challenging. After the disruption of a warm holiday season, we’ve had to contend with an unseasonably cold spring and resulting elevated traffic headwinds. While I think we have managed the business well, particularly with respect to inventory levels, we were not able to fully mitigate these challenges. Our earnings exceeded the upper end of our guidance range for the third quarter, but I’ll note that performance benefited from some favorable expense timing that offset softer than expected top-line performance. These expenses will come back in the fourth quarter, and combined with the traffic challenges we’ve seen continue through May, we’ve adjusted our earnings outlook downward.”

Ascena Retail Group Inc. earnings per share showed a decreasing trend of -274% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 84%.Analysts project EPS growth over the next 5 years at 20%. It has EPS annual decline over the past 5 fiscal years of -29.8% when sales grew 15.1. It reported 45.1% sales growth, and -45.9% EPS decline in the last quarter.

The stock is trading at $7.12, up 12.48% from 52-week low of $6.33. The stock trades down -59.52% from its peak of $17.35 and % below the consensus price target of $11.58. Its volume clocked up at 3.41 million shares which is higher than the average volume of 2.83 million shares. Its market capitalization currently stands at $1.37B.

Stock to Keep Your Eyes on: Workday, Inc. (WDAY)

Workday, Inc. (WDAY) reported earnings for the three months ended April 2016 on May 31, 2016. The company earned $0.05 per share on revenue of $345.43M. Analysts had been modeling earning per share of $-0.02 with $338.68M in revenue.

Workday, Inc. (NYSE: WDAY), a leader in enterprise cloud applications for finance and human resources, announced results for the fiscal first quarter ended April 30, 2016.

  • Total revenues were $345.4 million, an increase of 38% from the first quarter of fiscal 2016. Subscription revenues were $280.0 million, an increase of 39% from the same period last year.
  • Operating loss was $73.6 million, or negative 21% of revenues, compared to an operating loss of $53.4 million, or negative 21% of revenues, in the same period last year. Non-GAAP operating profit for the first quarter was $11.1 million, or 3% of revenues, compared to a non-GAAP operating loss of $2.1 million last year, or negative 0.8% of revenues.1
  • Net loss per basic and diluted share was $0.41, compared to a net loss per basic and diluted share of $0.33 in the first quarter of fiscal 2016. Non-GAAP net income per diluted share was $0.05, compared to a non-GAAP net loss per basic and diluted share of $0.02 for the same period last year.1
  • Operating cash flows for the first quarter were $161.5 million and free cash flows were $127.0 million. For the trailing twelve months, operating cash flows were $327.9 million and free cash flows were $188.1 million.2
  • Cash, cash equivalents and marketable securities were approximately $2.1 billion as of April 30, 2016. Unearned revenues were $926.1 million, a 42% increase from last year.

“We delivered great results and growth across all of our products in the first quarter,” said Aneel Bhusri, co-founder and CEO, Workday. “We continue to see increased customer adoption of Workday Financial Management as well as strong demand in EMEA and APJ as more organizations take finance and HR to the cloud. We are on track to deliver innovative new products — Workday Planning, Workday Learning, and Workday Student — later this year, which we believe will accelerate our momentum based on extremely positive customer feedback and interest.”

“We started fiscal 2017 with strong first quarter results,” said Robynne Sisco, chief financial officer, Workday. “We generated record quarterly revenues as well as strong billings growth and trailing twelve month operating cash flows. Looking ahead, we anticipate second quarter total revenues to be within a range of $371 to $373 million or growth of 31% to 32% as compared to the prior year.”

Recent Highlights

  • Workday announced the general availability of Workday Payroll for France as part of its latest feature release, Workday 26. The new application builds on the success of Workday Payroll for the U.S., Workday Payroll for Canada, and Workday Payroll for the UK by enabling organizations with employees in France to streamline the payroll process and address the full spectrum of enterprise payroll needs.
  • Additionally in Workday 26, Workday announced the general availability of new finance- and workforce-related scorecards and dashboards to help customers harness the power of real-time transactional data and predictive analytics to make smarter decisions that will help them better manage their finances, people, and projects.
  • To support continued customer demand globally, Workday announced it has expanded operations to support businesses headquartered in Spain, and has opened a new office in Madrid.
  • Workday announced the appointment of Diana McKenzie as the company’s chief information officer (CIO) as well as the promotion of Robynne Sisco to chief financial officer (CFO). Both Diana and Robynne report to Workday Co-President Mark Peek.

Workday, Inc. earnings per share showed a decreasing trend of -13% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 30%.Analysts project EPS growth over the next 5 years at 38.33%. It has EPS annual decline over the past 5 fiscal years of -50.6% when sales grew 175.8. It reported 37.6% sales growth, and -26.2% EPS decline in the last quarter.

The stock is trading at $80.33, up 69.76% from 52-week low of $47.32. The stock trades down -6.23% from its peak of $85.67 and % below the consensus price target of $79.4. Its volume clocked up at 1.02 million shares which is lower than the average volume of 1.63 million shares. Its market capitalization currently stands at $15.41B.

Earnings Recap: The Bank of Nova Scotia (NYSE:BNS)

The Bank of Nova Scotia (NYSE:BNS) reported earnings for the three months ended April 2016 on May 31, 2016. The company earned $1.48 per share on revenue of $6.59B. Analysts had been modeling earning per share of $1.43 with $6.44B in revenue.

Scotiabank reported second quarter net income of $1,584 million compared to $1,797 million in the same period last year. Diluted earnings per share were $1.23, compared to $1.42 in the same period a year ago. Return on equity was 12.1% compared to 15.1% last year.

During the second quarter, the Bank recorded a restructuring charge of $278 million after tax ($378 million pre-tax). Adjusting for the restructuring charge, net income increased 4% to $1,862 million and diluted earnings per share rose 3% to $1.46 compared to last year. Return on equity was 14.4% compared to 15.1% a year ago.

“The strength of our results this quarter underscores the continued strong performance of both our Canadian Banking and International Banking businesses,” said Brian Porter, President and CEO of Scotiabank. “Both businesses delivered solid asset and deposit growth and our strategy to deepen relationships with our customers has translated into growth. Partly offsetting our earnings growth were elevated loan losses in the energy sector, which are expected to decline beginning next quarter.

“Canadian Banking generated solid gains in both personal and commercial banking, which contributed to stronger operating results. A consistent focus on improving our business mix led to very strong deposit growth which supported targeted growth in assets that produce attractive returns for our shareholders.

“International Banking delivered a third consecutive quarter of at least $500 million of earnings. Earnings increased 12% from last year notwithstanding an elevated level of loan losses that are expected to decline over the second half of this year. The Pacific Alliance countries of Mexico, Peru, Chile and Colombia continued to deliver robust loan and deposit growth, which we expect to continue and reinforces our enthusiasm about the longer term potential for these markets.

“Customer behaviours and preferences continue to evolve, and Scotiabank is driving a digital transformation across all customer touch points in order to deliver a consistently excellent customer experience. The Bank’s investments to reduce structural costs, including this quarter’s restructuring charge, will contribute to the digital transformation of the Bank. Combined, these efforts should result in notable improvements in our productivity.

The Bank of Nova Scotia earnings per share showed a decreasing trend of 0% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 620%.Analysts project EPS growth over the next 5 years at 5.98%. It has EPS annual growth over the past 5 fiscal years of 8.1% when sales grew 3.7. It reported 11.5% sales growth, and -12.7% EPS decline in the last quarter.

The stock is trading at $51.39, up 48.47% from 52-week low of $35.01. The stock trades down -3.35% from its peak of $54.21 and % below the consensus price target of $51.81. Its volume clocked up at 1.04 million shares which is higher than the average volume of 0.92 million shares. Its market capitalization currently stands at $60.79B.

Stock to Track: YY Inc. (NASDAQ:YY)

YY Inc. (NASDAQ:YY) reported earnings for the three months ended March 2016 on May 31, 2016. The company earned $0.71 per share on revenue of $234.43M. Analysts had been modeling earning per share of $0.82 with $225.6M in revenue.

YY Inc. (YY), a revolutionary real-time interactive social platform, announced its unaudited financial results for the first quarter of 2016.

First Quarter 2016 Highlights 

  • Net revenues increased by 43.4% to RMB1,649.3 million (US$255.8 million) from RMB1,150.3 million in the corresponding period of 2015.

Mr. David Xueling Li, Chief Executive Officer of YY, stated, “We continued to see solid growth momentum in our top line in the first quarter of 2016, primarily driven by our IVAS business. In particular, we saw significant growth in the mobile broadcasting business and have been able to rapidly capitalize on these opportunities through our newly launched mobile broadcasting app ME, which we will further develop this year. By featuring popular stars and hosting various entertainment events, we believe that there is significant potential to further accelerate its growth and enhance its popularity. Additionally, in the online music and entertainment business, our newly-launched Da Pai Wan Chang Hui is an interactive concert broadcasting service that connects celebrities and participants virtually. This new service clearly demonstrates our strategy to continue strengthening our professionally-generated content offerings and expand our user community. Overall, we remain confident in our market opportunities and aim to continue fortifying our position as the leading real time internet platform in China.”

Mr. Eric He, Chief Financial Officer of YY, commented, “In the first quarter of 2016, our total revenue increased by 43.4% year over year to RMB1.6 billion, reflecting the strength of our core business. Meanwhile, we were able to significantly grow the number of our paying users by 57.1% year over year to 3.89 million. Our online game broadcasting business Huya grew significantly, with an increase in revenue by 114.0% year over year and an increase in number of paying users by 131.7% year over year to 899,000.  For our online music and entertainment business, our on-going efforts to introduce diverse content resulted in a revenue increase of 55.8% year over year. Additionally, our mobile music and entertainment business continued its robust growth with a 202.8% year-over-year increase in revenue and 137.5% year-over-year increase in number of paying users. Because of the execution of our planned transition to an increasing amount of UGC content revenues across the YY platform, we have continued to experience compression to gross and operating margins.  This expected decline in margins results from the decreased concentration of our high-margin gaming revenues year over year, from 20.1% of total revenue to 10.4% in the first quarter of 2016, as revenue growth for our other offerings continues to outpace our gaming revenue. Going forward, we will continue to leverage our ecosystem and expand our innovative content and service offerings in order to meet the evolving demands of our massive user base.”

YY Inc. earnings per share showed an increasing trend of 1.1% for the current fiscal year. The company’s expected EPS decline rate for next fiscal year is 0%.Analysts project EPS growth over the next 5 years at 26.2%. It has EPS annual growth over the past 5 fiscal years of 16.8% when sales grew 115. It reported 43.4% sales growth, and -4.7% EPS decline in the last quarter.

The stock is trading at $34.6, up -1.42% from 52-week low of $34.36. The stock trades down -55.27% from its peak of $72.97 and % below the consensus price target of $68.5. Its volume clocked up at 1.58 million shares which is higher than the average volume of 1.06 million shares.

Stock Buzz: Ship Finance International Limited (NYSE:SFL)

Ship Finance International Limited (NYSE:SFL) reported earnings for the three months ended March 2016 on May 31, 2016. The company earned $0.5 per share on revenue of $117.58M. Analysts had been modeling earning per share of $0.63 with $116.33M in revenue.
Hamilton, Bermuda, May 31, 2016 — announced its preliminary financial results for the quarter ended March 31, 2016.

Highlights

  • Declaration of first quarter dividend of $0.45 per share, our 49th consecutive dividend
  • $24.7 million in profit share from Frontline in the quarter as a result of a strong tanker market
  • Continuation of the Company’s strategy of fleet renewal and diversification with sale of an older offshore support vessel in the first quarter and an older VLCC subsequent to quarter end
  • Successful delivery of two large container vessels with long term charters to Maersk Line
  • Cash redemption of the $125 million convertible notes due in February 2016 without diluting existing shareholders

Our business model has been tested through all market cycles, and we are to our knowledge the only maritime company which has been consistently profitable and paid dividends every quarter the last twelve years. Our key focus remains on prudently managing our balance sheet and our existing asset portfolio whilst sourcing new accretive opportunities through our industry relationships and unique access to deal flow.”

Ship Finance International Limited earnings per share showed an increasing trend of 50.8% for the current fiscal year. The company’s expected EPS growth rate for next fiscal year is 218%.Analysts project EPS decline over the next 5 years at -7.7%. It has EPS annual decline over the past 5 fiscal years of -2.2% when sales grew 5.7. It reported 28.4% sales growth, and 98% EPS growth in the last quarter.

The stock is trading at $14.78, up 59.69% from 52-week low of $9.83. The stock trades down -9.37% from its peak of $17.8 and % below the consensus price target of $16.33. Its volume clocked up at 0.96 million shares which is higher than the average volume of 0.81 million shares. Its market capitalization currently stands at $1.35B.