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Check below for free stories on FB;ZNGA;YUM;MDRX;BX;CBK;FIVE;NTLS;S;VRSN the last two weeks.
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April 23, 2014
14:11 EDTFBFacebook April weekly 62 straddle priced for 10% move into Q1
12:52 EDTFBEarnings Preview: Facebook shares up more than 15% since last earnings report
Facebook (FB) is expected to report first quarter earnings after the market close on Wednesday, April 23 with a conference call scheduled for 5:00 pm ET. Facebook is a social networking service with over 1B active users. EXPECTATIONS: Analysts are looking for earnings per share of 24c on revenue of $2.36B. The consensus range is 19c-30c for EPS, and $2.14B-$2.52B for revenue, according to First Call. LAST QUARTER: Facebook reported fourth quarter EPS of 31c against estimates of 27c, on revenue of $2.59B against estimates of $2.33B. The company reported daily active users of 757M on average for December, with Q4 revenue from advertising up 76% year-over-year to $2.34B. Mobile advertising revenue in Q4 represented 53% of the advertising revenue. NEWS: Facebook acquired messaging service WhatsApp for $16B, believing it is on a "clear path" to having 1B users and CEO Mark Zuckerberg saying it is "probably" worth more than $19B. WhatsApp recently announced that there are half a billion regular users of the app. Facebook also acquired Oculus for $2B, and the Wall Street Journal reported it acquired Titan Aerospace for an undisclosed amount. In the past quarter, Instagram reported over 200M monthly active users by the end of March. STREET RESEARCH: Analysts were mixed on Facebook's acquisition of WhatsApp. Piper Jaffray said the acquisition was neutral at best and is "beyond the typical overpaying." Facebook was downgraded at Argus due to possible risks in acquisition including a substantial write down should the texting platform not reach a billion users. Jeffries, on the other hand, said the acquisition could disrupt the global paid messaging industry. JMP Securities adds the acquisition is highly strategic and Stifel says it helps mute the risk that Google (GOOG) could enter the social media and communications market in a real way. The company's price target was raised at Sterne Agee, UBS, and Citigroup following the acquisition with Sterne Agee saying the application could reach 2B users and generate ARPU of $2.50 at 80% margins over the long-term. Analysts were more positive on the Oculus acquisition, with Piper Jaffray calling it a "major offensive move for the future" and JMP Securities saying it could create new opportunities over the next 5-10 years. Pacific Crest, however, says Facebook is unlikely to receive a significant return on the deal any time soon. Ahead of Q1 earnings, SunTrust says shares should be bought due to a rebounding revenue growth. Deutsche Bank and JMP Securities say that consensus estimates are catching up and the strong Q1 results may have already been factored into the consensus numbers. PRICE ACTION: Facebook shares have gained over $8.00, or over 15%, since the first day of trading following the company's Q4 report. In Wednesday afternoon trading ahead of its Q1 report, Facebook shares are down 2.25%.
12:01 EDTFB Stocks with call strike movement; FB MU
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11:44 EDTFBFacebook gets FTC approval to acquire Oculus, Reuters says
The Federal Trade Commission has given Facebook antitrust approval to acquire virtual reality goggle maker Oculus VR, says Reuters. Reference Link
10:21 EDTSAT&T slumps after failing to raise profit guidance
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09:54 EDTYUMYum! Brands confident that China resutarant margin will be at least 17% in FY14
Expects growth rate for China division to be "significantly above" ongoing target of 15% this year. Expects KFC's growth rate to be above ongoing target of 10%, Pizza Hut growth rate to be below ongoing target of 9%, and Taco Bell to be in line with ongoing target of 6%. Yum! Brands says it is likely Pizza Hut will trail previous expectations though ti does expect significant improvement from 1H14.
09:52 EDTYUMYum! Brands sees Q2 EPS growth to be highest of the year
Q2 EPS consensus of 98c. The company also expects much better sales results from Taco Bell with recent breakfast launch. Q2 profit growth at Taco Bell will be moderate as commodity inflation will continue to pressure restaurant margins. Expects KFC to remain solid and Pizza Hut to show improvement in Q2.
09:48 EDTYUMYum! Brands backs high single to low double digit SSS growth for China in 2014
Expects to deliver "signification" margin improvement for China in 2014.
09:37 EDTYUMYum! Brands hopes to accelerate global development, turnaround Pizza Hut in 2014
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09:16 EDTYUMOn The Fly: Pre-market Movers
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08:15 EDTFBFacebook April weekly volatility elevated at 153 into Q1 and outlook
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07:47 EDTYUMYum! Brands multiple likely to expand, says Oppenheimer
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07:18 EDTYUMYum! Brands should be bought aggressively into strength, says Stifel
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05:54 EDTYUMStocks with implied volatility movement; T YUM
Stocks with implied volatility movement; AT&T (T) 16, Yum! Brands (YUM) 29 according to iVolatility.
April 22, 2014
19:09 EDTYUMOn The Fly: After Hours Movers
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17:24 EDTYUMYum! Brands says 'particularly pleased' with initial Taco Bell breakfast launch
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17:23 EDTYUMYum! Brands reports Q1 KFC SSS in China up 11%
Reports Q1 Pizza Hut SSS in China up 8%, with total China division system sales up 17% prior to foreign currency translation. Company said operating profit grew 80% in China, prior to foreign currency translation.
17:20 EDTYUMYum! Brands up 2.5% after Q1 results beat on bottom line, China sales grow
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17:18 EDTYUMYum! Brands reports Taco Bell Q1 U.S. SSS down 1%
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17:17 EDTYUMYum! Brands to open 700 new China restaurants in 2014
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