Under Analyst’s Radar: OneMain Holdings Inc (NYSE:OMF)

The shares of OneMain Holdings Inc (NYSE:OMF) currently has mean rating of 1.71 while 8 analysts have recommended the shares as “BUY”, 6 recommended as “OUTPERFORM” and 3 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun-16 is 614.45 million by 5 analysts. The means estimate of sales for the year ending Dec-16 is 2.61 billion by 7 analysts.

The mean price target for the shares of OneMain Holdings Inc (NYSE:OMF) is at 40.84 while the highest price target suggested by the analysts is 65.00 and low price target is 32.00. The mean price target is calculated keeping in view the consensus of 16 brokerage firms.

The average estimate of EPS for the current fiscal quarter for OneMain Holdings Inc (NYSE:OMF) stands at 1.01 while the EPS for the current year is fixed at 4.35 by 17 analysts.

The next one year’s EPS estimate is set at 5.78 by 17 analysts while a year ago the analysts suggested the company’s EPS at 4.35. The analysts also projected the company’s long-term growth at 43.40% for the upcoming five years.

In its latest quarter ended on 31st March 2016, OneMain Holdings Inc (NYSE:OMF) reported earnings of $1.05. The posted earnings missed the analyst’s consensus by -$0.03 with the surprise factor of -2.80%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On May 4, 2016 OneMain Holdings Inc (OMF) reported GAAP basis net income of $153 million, or $1.13 per diluted share, for the first quarter of 2016. Net Income includes a $229 million pretax net gain on the previously announced sale of the company’s interests in SpringCastle.

After tax Core Earnings (a non-GAAP measure) for the first quarter of 2016 was $141 million, and after tax Core Earnings per Diluted Share (a non-GAAP measure) was $1.05.Weighted average diluted shares outstanding increased to 134.9 million for the first quarter of 2016 from 115.0 million for the prior year quarter as a result of the company’s issuance of 19.4 million common shares on May 4, 2015.

Jay Levine, President and CEO of OneMain Holdings, Inc. said, “This quarter represents the first full quarter since we completed the acquisition of OneMain, and we could not be more pleased with the results we have achieved thus far. The combination of Springleaf and OneMain has had an immediate, and very positive impact on our core earnings which, excluding SpringCastle, grew from $0.35 per share in last year’s first quarter to $0.94 in this year’s first quarter. We also made significant progress on driving incremental growth at the former OneMain, with higher levels of originations, particularly in the strategically key area of secured lending. Integration activities are on schedule, resulting in greater operational efficiencies, even as we continue to provide our customary high level of personalized service.”

Levine added, “We also made material progress on strengthening our capital base, enhancing our liquidity and extending our debt maturities, all of which simplify our financial picture and help position us for sustained earnings growth and strong returns.”

Analyst’s Ratings Review: Amphastar Pharmaceuticals Inc (NASDAQ:AMPH)

The shares of Amphastar Pharmaceuticals Inc (NASDAQ:AMPH) currently has mean rating of 1.40 while 3 analysts have recommended the shares as “BUY”, 2 recommended as “OUTPERFORM” and Zero recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun-16 is 61.90 million by 5 analysts. The means estimate of sales for the year ending Dec-16 is 258.42 million by 5 analysts.

The mean price target for the shares of Amphastar Pharmaceuticals Inc (NASDAQ:AMPH) is at 18.00 while the highest price target suggested by the analysts is 20.00 and low price target is 16.00. The mean price target is calculated keeping in view the consensus of 4 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Amphastar Pharmaceuticals Inc (NASDAQ:AMPH) stands at 0.01 while the EPS for the current year is fixed at 0.11 by 4 analysts.

The next one year’s EPS estimate is set at 0.64 by 4 analysts while a year ago the analysts suggested the company’s EPS at 0.11. The analysts also projected the company’s long-term growth at 25.00% for the upcoming five years.

In its latest quarter ended on 31st March 2016, Amphastar Pharmaceuticals Inc (NASDAQ:AMPH) reported earnings of $0.12. The posted earnings topped the analyst’s consensus by $0.15 with the surprise factor of 500.00%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

Amphastar Pharmaceuticals, Inc., a specialty pharmaceutical company, focuses on the development, manufacture, marketing, and sale of generic and proprietary injectable, inhalation, and intranasal products. It operates in two segments, Finished Pharmaceutical Products and Active Pharmaceutical Ingredients. The company’s product portfolio comprises Enoxaparin, a low molecular weight heparin that is used as an anticoagulant for prevention and treatment of deep vein thrombosis; Cortrosyn, a lyophilized powder for use as a diagnostic agent in the screening of patients presumed with adrenocortical insufficiency; Amphadase, a bovine-sourced hyaluronidase injection for the dispersion and absorption of other injected drugs; and Lidocaine jelly, a local anesthetic product used primarily for urological procedures. It also provides Lidocaine topical solution, a local anesthetic for various procedures; phytonadione injection for newborn babies; syringe products, which include critical care drugs, such as morphine, atropine, calcium chloride, dextrose, lidocaine, naloxone, and sodium bicarbonate for emergency use in hospital settings; and epinephrine in vial form; and lorazepam injection, a sedative for surgery and medical procedures. In addition, the company develops Primatene Mist HFA, an over-the-counter epinephrine inhalation product candidate that is intended to be used for the temporary relief of mild symptoms of intermittent asthma; and active pharmaceutical ingredients, such as recombinant human insulin and porcine insulin. Further, it has a pipeline of 21 generic and proprietary product candidates in various stages of development for various indications. The company’s products are used in hospital or urgent care clinical settings, and primarily contracted and distributed through group purchasing organizations and drug wholesalers. The company was established in 1996 and is headquartered in Rancho Cucamonga, California.

Stock to Keep Your Eyes on: Zumiez Inc. (NASDAQ:ZUMZ)

The shares of Zumiez Inc. (NASDAQ:ZUMZ) currently has mean rating of 3.13 while Zero analysts have recommended the shares as “BUY”, Zero recommended as “OUTPERFORM” and 14 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jul-16 is 174.44 million by 15 analysts. The means estimate of sales for the year ending Jan-17 is 805.94 million by 15 analysts.

The mean price target for the shares of Zumiez Inc. (NASDAQ:ZUMZ) is at 14.30 while the highest price target suggested by the analysts is 17.00 and low price target is 11.00. The mean price target is calculated keeping in view the consensus of 10 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Zumiez Inc. (NASDAQ:ZUMZ) stands at -0.10 while the EPS for the current year is fixed at 0.74 by 14 analysts.

The next one year’s EPS estimate is set at 0.96 by 15 analysts while a year ago the analysts suggested the company’s EPS at 0.74. The analysts also projected the company’s long-term growth at -1.67% for the upcoming five years.

In its latest quarter ended on 30th Apr 2016, Zumiez Inc. (NASDAQ:ZUMZ) reported earnings of -$0.08. The posted earnings topped the analyst’s consensus by $0.03 with the surprise factor of 27.30%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 9, 2016 Zumiez Inc. (NASDAQ:ZUMZ) announced that management will present at the Piper Jaffray 36th Annual Consumer Conference in New York, NY and the William Blair 36th Annual Growth Stock Conference in Chicago, IL. The Piper Jaffray presentation is scheduled for Tuesday, June 14, 2016 at 10:15 am Eastern Time and the William Blair presentation is scheduled for Thursday, June 16, 2016 at 8:40 am Central Time. The live webcast can be accessed via the investor relations page of Zumiez website at http://ir.zumiez.com. To listen to the live webcast, visit the Zumiez website at least 10 minutes in advance to download and install any necessary audio software.

Stock to Watch: J B Hunt Transport Services Inc (JBHT)

The shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) currently has mean rating of 2.19 while 7 analysts have recommended the shares as “BUY”, 8 recommended as “OUTPERFORM” and 12 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending June-16 is 1.63 billion by 20 analysts. The means estimate of sales for the year ending Dec-16 is 6.59 billion by 26 analysts.

The mean price target for the shares of J B Hunt Transport Services Inc (NASDAQ:JBHT) is at 91.35 while the highest price target suggested by the analysts is 100.00 and low price target is 75.00. The mean price target is calculated keeping in view the consensus of 23 brokerage firms.

The average estimate of EPS for the current fiscal quarter for J B Hunt Transport Services Inc (NASDAQ:JBHT) stands at 1.00 while the EPS for the current year is fixed at 4.04 by 27 analysts.

The next one year’s EPS estimate is set at 4.54 by 27 analysts while a year ago the analysts suggested the company’s EPS at 4.04. The analysts also projected the company’s long-term growth at 13.12% for the upcoming five years.

In its latest quarter ended on 31st March 2016, J B Hunt Transport Services Inc (NASDAQ:JBHT) reported earnings of $0.88. The posted earnings topped the analyst’s consensus by $0.03 with the surprise factor of 3.50%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 6, 2016 J B Hunt Transport Services Inc (JBHT) announced today it has been named to the Fortune 500 list for the fourth consecutive year, moving up 18 positions to land the #416 spot in Fortune magazine’s annual ranking of America’s largest companies by revenue.

“J.B. Hunt is honored to be part of this year’s Fortune 500 list,” commented John Roberts, president and CEO. “Our employees focus on serving customers to build relationships and partnerships that strengthen and grow our business every day. Securing a spot on this list for the fourth consecutive year is a reflection of how successful their efforts have been and continue to be.”

J.B. Hunt has been recognized by Fortune magazine a number of times over the past decade. Some of their involvement with the publication includes:

  • Named to the Fortune 500 in 2013
  • Debuted on the list at #485 before moving up to #454 in 2014 and #434 in 2015
  • Recognized as one of America’s Most Admired Companies seven times in the last decade
  • Named one of World’s 12 Most Admired Trucking and Delivery Companies

According to the magazine, “This year’s Fortune 500 marks the 62nd running of the list. In total, Fortune 500 companies represent two-thirds of the U.S. GDP with $12 trillion in revenues, $840 billion in profits, $17 trillion in market value, and employ 27.9 million people worldwide.”

Estimations under Considerations: RingCentral Inc (NYSE:RNG)

The shares of RingCentral Inc (NYSE:RNG) currently has mean rating of 1.50 while 7 analysts have recommended the shares as “BUY”, 1 recommended as “OUTPERFORM” and 2 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending jun-16 is 87.62 million by 8 analysts. The means estimate of sales for the year ending Dec-16 is 363.45 million by 10 analysts.

The mean price target for the shares of RingCentral Inc (NYSE:RNG) is at 26.44 while the highest price target suggested by the analysts is 30.00 and low price target is 23.00. The mean price target is calculated keeping in view the consensus of 9 brokerage firms.

The average estimate of EPS for the current fiscal quarter for RingCentral Inc (NYSE:RNG) stands at 0.01 while the EPS for the current year is fixed at 0.05 by 10 analysts.

The next one year’s EPS estimate is set at 0.19 by 10 analysts while a year ago the analysts suggested the company’s EPS at 0.05. The analysts also projected the company’s long-term growth at 25.00% for the upcoming five years.

In its latest quarter ended on 31st March 2016, RingCentral Inc (NYSE:RNG) reported earnings of $0.01. The posted earnings topped the analyst’s consensus by $0.01. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 22, 2016 RingCentral Inc (RNG) join efforts to help mid to large size enterprises transition to the cloud. Companies are increasingly adopting cloud productivity tools like Google Apps and cloud communications applications like RingCentral Office® to enable greater flexibility and workflow efficiency. This has created a rise in demand for a seamless experience between these types of applications so users don’t have to jump in and out of different environments to get work done. The new offering, called RingCentral Office® Google Edition, addresses this by providing a unique and integrated solution for enterprises. For $30 USD per user per month, the offering includes Google Apps Unlimited with unlimited storage and a new edition of RingCentral Office that integrates with Google Apps and Google Hangouts. This solution will provide richer and more robust enterprise communication compared to competing industry solutions, such as Office 365 and Skype for Business.

Businesses are continually looking for ways to work faster and smarter so they can stay ahead and compete more effectively. RingCentral and Google address this need with a complete communications and productivity environment, where every employee in a distributed enterprise can work however they want, communicate in whatever mode they choose, on any device.

“Google’s impact on the enterprise is significant as more CIOs and IT decision makers make the jump to the cloud and move away from legacy on-premise infrastructure,” said Vlad Shmunis, chairman, founder and CEO of RingCentral. “Our recognition as a leader in the Gartner 2015 Magic Quadrant for UCaaS Worldwide and our status in the ‘Recommended for Google Apps’ program can give enterprises the confidence in RingCentral as a high quality, reliable, and secure communications solution. Together with Google, we look forward to helping enterprises maximize their cloud investments with an unprecedented, integrated communications and productivity solution.”

Investor’s Watch: The GEO Group Incorporated (NYSE:GEO)

The shares of The GEO Group Inc (NYSE:GEO) currently has mean rating of 2.00 while 1 analysts have recommended the shares as “BUY”, 1 recommended as “OUTPERFORM” and 1 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun-16 is 547.23 million by 3 analysts. The means estimate of sales for the year ending Dec-16 is 2.18 billion by 3 analysts.

The mean price target for the shares of The GEO Group Inc (NYSE:GEO) is at 37.50 while the highest price target suggested by the analysts is 38.00 and low price target is 37.00. The mean price target is calculated keeping in view the consensus of 2 brokerage firms.

The average estimate of EPS for the current fiscal quarter for The GEO Group Inc (NYSE:GEO) stands at 0.82 while the EPS for the current year is fixed at 3.13 by 3 analysts.

The next one year’s EPS estimate is set at 3.32 by 3 analysts while a year ago the analysts suggested the company’s EPS at 3.13. The analysts also projected the company’s long-term growth at 6.00% for the upcoming five years.

In its latest quarter ended on 31st March 2016, The GEO Group Inc (NYSE:GEO) reported earnings of $0.84. The posted earnings topped the analyst’s consensus by $0.01 with the surprise factor of 1.20%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On May 19, 2016 The GEO Group Inc (GEO) announced an amendment to its senior credit facility. Following the amendment, GEO’s senior credit facility is now comprised of a $291 million Term Loan B due April 2020 bearing interest at LIBOR plus 2.50% (with a LIBOR floor of 0.75%) and a $900 million Revolving Credit Facility due May 2021 bearing interest at LIBOR plus 2.25% (with no LIBOR floor). The amended Credit Facility has an accordion feature of $450 million, subject to lender demand and prevailing market conditions and satisfying the relevant borrowing conditions. As of May 18, 2016, the Revolving Credit Facility had approximately $470 million in outstanding borrowings along with approximately $54 million of Letters of Credit issued thereunder.

The GEO Group, Inc. (GEO) is the first fully integrated equity real estate investment trust specializing in the design, financing, development, and operation of correctional, detention, and community reentry facilities around the globe. GEO is the world’s leading provider of diversified correctional, detention, community reentry, and electronic monitoring services to government agencies worldwide with operations in the United States, Australia, South Africa, and the United Kingdom. GEO’s worldwide operations include the ownership and/or management of 104 facilities totaling approximately 87,000 beds, including projects under development, with a growing workforce of approximately 20,500 professionals.

This news release contains forward-looking statements regarding future events and future performance of GEO that involve risks and uncertainties that could materially affect actual results, including statements regarding borrowing capacity under the Revolving Credit Facility. These forward-looking statements may be affected by risks and uncertainties in GEO’s business and market conditions. This information is qualified in its entirety by cautionary statements and risk factor disclosure contained in GEO’s Securities and Exchange Commission filings, including GEO’s reports on Form 10-K and Form 10-Q filed with the Commission. GEO wishes to caution readers that certain important factors may have affected and could in the future affect GEO’s actual results and could cause GEO’s actual results for subsequent periods to differ materially from those expressed in any forward-looking statement made by or on behalf of GEO. GEO undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof.

Earnings Estimates Under Review: TubeMogul Inc (NASDAQ:TUBE)

The shares of TubeMogul Inc (NASDAQ:TUBE) currently has mean rating of 1.92 while 4 analysts have recommended the shares as “BUY”, 6 recommended as “OUTPERFORM” and 3 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun-16 is 58.14 million by 9 analysts. The means estimate of sales for the year ending Dec-16 is 229.12 million by 12 analysts.

The mean price target for the shares of TubeMogul Inc (NASDAQ:TUBE) is at 18.91 while the highest price target suggested by the analysts is 23.00 and low price target is 15.00. The mean price target is calculated keeping in view the consensus of 11 brokerage firms.

The average estimate of EPS for the current fiscal quarter for TubeMogul Inc (NASDAQ:TUBE) stands at -0.07 while the EPS for the current year is fixed at -0.31 by 9 analysts.

The next one year’s EPS estimate is set at -0.07 by 10 analysts while a year ago the analysts suggested the company’s EPS at -0.31. The analysts also projected the company’s long-term growth at 84.20% for the upcoming five years.

In its latest quarter ended on 31st March 2016, TubeMogul Inc (NASDAQ:TUBE) reported earnings of -$0.23. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 13, 2016 TubeMogul Inc (TUBE) announced that it has been named a Snapchat Partner.

Snap Ads — which are up to 10-second full-screen video ads with a choice to view, listen and engage — offer marketers a way to scale reach, particularly with younger audiences. Over 60% of U.S. smartphone users between the ages of 13 and 34 use Snapchat, contributing to over 10 billion daily video views.

Snapchat will complement a string of new formats added to TubeMogul in the past year, empowering marketers to centralize all of their brand advertising through the company’s software. Specifically, TubeMogul clients will later this year be able to holistically plan, buy and optimize Snap Ads alongside linear TV, digital video — including on Facebook, Instagram and Twitter — digital out-of-home and display advertising.

“Snapchat’s popularity with one of the most difficult-to-reach audiences in advertising makes it a coveted destination for many brands,” said Brett Wilson, CEO and Co-Founder of TubeMogul. “The addition of Snapchat to TubeMogul will cement our early leadership in cross-channel advertising.”

Worth Watching Stock: FuelCell Energy Inc (NASDAQ:FCEL)

The shares of FuelCell Energy Inc (NASDAQ:FCEL) currently has mean rating of 1.60 while 2 analysts have recommended the shares as “BUY”, 3 recommended as “OUTPERFORM” and Zero recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jul-16 is 31.74 million by 5 analysts. The means estimate of sales for the year ending Oct-16 is 146.94 million by 5 analysts.

The mean price target for the shares of FuelCell Energy Inc (NASDAQ:FCEL) is at 12.40 while the highest price target suggested by the analysts is 15.00 and low price target is 9.00. The mean price target is calculated keeping in view the consensus of 5 brokerage firms.

The average estimate of EPS for the current fiscal quarter for FuelCell Energy Inc (NASDAQ:FCEL) stands at -0.41 while the EPS for the current year is fixed at -1.75 by 5 analysts.

The next one year’s EPS estimate is set at -0.90 by 5 analysts while a year ago the analysts suggested the company’s EPS at -1.75. The analysts also projected the company’s long-term growth at 15.00% for the upcoming five years.

In its latest quarter ended on 30th Apr 2016, FuelCell Energy Inc (NASDAQ:FCEL) reported earnings of -$0.56. The posted earnings missed the analyst’s consensus by -$0.16 with the surprise factor of -40.00%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 8, 2016 FuelCell Energy Inc (FCEL) reported financial results for its second quarter ended April 30, 2016 and key business highlights.

Financial Results

FuelCell Energy (the Company) reported total revenues for the second quarter of 2016 of $28.6 million, which is comparable to the prior year period.  Revenue components include:

  • Product sales of $15.4 million for the current period compared to $20.2 million for the second quarter of 2015, as the comparable prior year period included module sales to Asia and higher equipment, procurement and construction (EPC) activity.
  • Service agreements and license revenues of $10.6 million for the current period compared to $4.6 million for the comparable prior year period, increasing year-over-year, primarily due to revenue recognized from module replacements.
  • Advanced Technologies contract revenues of $2.6 million for the current period compared to $3.8 million for the comparable prior year period.  Revenue was lower year-over-year pending commencement of new projects in backlog.

A gross loss of ($0.2) million was incurred in the second quarter of 2016, compared to a gross profit of $2.0 million generated for the comparable prior year period.  Product revenue mix oriented towards fuel cell kit sales to Asia in the current period compared to complete power plant sales in North America for the prior year period resulted in a year-over-year decrease in product gross profit.  Service margins were negatively impacted by non-recurring charges from the termination of a legacy sub-megawatt service contract and changes to a different legacy service contract reflecting continued initiatives to optimize the service business, exit sub megawatt sites and expand future margin potential.

Operating expenses for the current period totaled $12.6 million compared to $10.8 million for the prior year period.  The increase reflects greater project bid activity and timing of increased research and development related to product enhancements and new near-term product introductions, such as completion of European Union (EU) certification for MW-class plants, developing a renewable biogas clean-up skid as the Company seeks to capture more of the overall project value chain, further enhancing the micro-grid offering, and advancing different power plant configurations for specific target markets.

Net loss attributable to common shareholders for the second quarter of 2016 totaled $16.2 million, or $0.56 per basic and diluted share, compared to $10.7 million or $0.44 per basic and diluted share for the second quarter of 2015.

Adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) in the second quarter of 2016 totaled ($11.5) million. Refer to the discussion of Non-GAAP financial measures below regarding the Company’s calculation of Adjusted EBITDA.  Capital spending was $1.0 million and depreciation expense was $1.2 million.

SYNNEX Corporation (NYSE:SNX): Stock under Discussion

The shares of SYNNEX Corporation (NYSE:SNX) currently has mean rating of 2.75 while 1 analysts have recommended the shares as “BUY”, 1 recommended as “OUTPERFORM” and 5 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Aug-16 is 3.40 billion by 6 analysts. The means estimate of sales for the year ending Nov-16 is 13.49 billion by 7 analysts.

The mean price target for the shares of SYNNEX Corporation (NYSE:SNX) is at 89.00 while the highest price target suggested by the analysts is 97.00 and low price target is 85.00. The mean price target is calculated keeping in view the consensus of 5 brokerage firms.

The average estimate of EPS for the current fiscal quarter for SYNNEX Corporation (NYSE:SNX) stands at 1.53 while the EPS for the current year is fixed at 6.08 by 8 analysts.

The next one year’s EPS estimate is set at 6.82 by 7 analysts while a year ago the analysts suggested the company’s EPS at 6.08. The analysts also projected the company’s long-term growth at 10.85% for the upcoming five years.

In its latest quarter ended on 31st March 2016, SYNNEX Corporation (NYSE:SNX) reported earnings of $1.37. The posted earnings topped the analyst’s consensus by $0.06 with the surprise factor of 4.60%. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On June 23, 2016 SYNNEX Corporation (SNX) announced financial results for the fiscal second quarter ended May 31, 2016.

“During our second quarter, we achieved sales and profit results above our expectations.” stated Kevin Murai, President and Chief Executive Officer. “Our efficient operating model delivered another strong quarter of positive operating cash flow, double digit adjusted ROIC and, we believe, positions us well for growth in the second half of 2016.”

Stock under Radar: Bright Horizons Family Solutions Inc (NYSE:BFAM)

The shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) currently has mean rating of 2.12 while 2 analysts have recommended the shares as “BUY”, 3 recommended as “OUTPERFORM” and 3 recommended as “HOLD”. The rating score is on a scale of 1 to 5 where 1 stands for strong buy and 5 stands for sell.

The company’s mean estimate for sales for the current quarter ending Jun-16 is 403.23 million by 7 analysts. The means estimate of sales for the year ending Dec-16 is 1.59 billion by 8 analysts.

The mean price target for the shares of Bright Horizons Family Solutions Inc (NYSE:BFAM) is at 70.86 while the highest price target suggested by the analysts is 75.00 and low price target is 64.00. The mean price target is calculated keeping in view the consensus of 7 brokerage firms.

The average estimate of EPS for the current fiscal quarter for Bright Horizons Family Solutions Inc (NYSE:BFAM) stands at 0.61 while the EPS for the current year is fixed at 2.20 by 8 analysts.

The next one year’s EPS estimate is set at 2.54 by 8 analysts while a year ago the analysts suggested the company’s EPS at 2.20. The analysts also projected the company’s long-term growth at 18.46% for the upcoming five years.

In its latest quarter ended on 31st March 2016, Bright Horizons Family Solutions Inc (NYSE:BFAM) reported earnings of $0.51. In the matter of earnings surprises, the term “Cockroach Effect” is often implied. Cockroach Effect is a market theory that suggests that when a company reveals bad news to the public, there may be many more related negative events that have yet to be revealed. In the case of earnings surprises, if a company is suggesting a negative earnings surprise it means there are more to come.

On May 12, 2016 Bright Horizons Family Solutions Inc (BFAM) announced the pricing of the previously announced underwritten public offering by certain of its stockholders, which include certain of the Company’s executive officers and directors (the “Selling Stockholders”), of 2,115,000 shares of its common stock at a price to the public of $65.75 per share.  The Company has agreed to repurchase from the underwriter 1,000,000 shares of the 2,115,000 shares of common stock being sold by the Selling Stockholders at a per-share purchase price equal to the price payable by the underwriter to the Selling Stockholders.  As such, only 1,115,000 shares of the 2,115,000 shares of common stock being sold by the Selling Stockholders will be sold to the public.  The Selling Stockholders will receive all of the net proceeds from this offering.  No shares are being sold by the Company.

Barclays is acting as the sole underwriter for the offering.

An automatic shelf registration statement (including a prospectus) relating to the offering of common stock was filed with the Securities and Exchange Commission (“SEC”) on March 25, 2014 and became effective upon filing. Before you invest, you should read the prospectus included in that registration statement and the documents incorporated by reference in that registration statement as well as the prospectus supplement related to this offering.  You may obtain these documents for free by visiting EDGAR on the SEC website at www.sec.gov.  When available, copies of the prospectus supplement and accompanying prospectus related to the offering may also be obtained from Barclays Capital Inc., c/o Broadridge Financial Solutions, 1155 Long Island Avenue, Edgewood, New York 11717, telephone: 1-888-603-5847, or by emailing Barclaysprospectus@broadridge.com.

The offering of these securities will be made only by means of a prospectus supplement and the accompanying prospectus.  This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any state or other jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or other jurisdiction.  Any offer to buy the securities may be withdrawn or revoked, without obligation or commitment of any kind, at any time prior to notice of its acceptance given after the effective date of the registration statement relating to the securities.