CFRA Maintains Buy Opinion On Shares Of Mobileye Global Inc.

/ / Technology /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month target by $5 to $45, based on a ’25 P/E of 37.5x. We raise our ’23 adjusted EPS estimate by $0.05 to $0.80, lower ’24 by $0.10 to $0.85, and start ’25 at $1.20. MBLY posts Q3 adjusted EPS of $0.22 vs. $0.15 (+47%), well ahead of the $0.17 consensus. Revenue rose 18% to $530M ($2M ahead of consensus) and adjusted gross margin contracted 470 bps to 69% (slightly below consensus). MBLY raised full year adjusted operating margin guidance to $648M-$665M from $600M-$631M due to lower-than-expected operating expenses in both Q3 and Q4. Shares of the Israel-based company have sold off sharply, down 18% since the heightened conflicts started on October 7. We think the substantial beat and guidance raise should reassure investors

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Mastercard Q3 Adj. EPS $3.39 Beats $3.21 Estimate, Sales $6.55B Beat $6.52B Estimate

/ / Industrials /

Mastercard (NYSE:MA) reported quarterly earnings of $3.39 per share which beat the analyst consensus estimate of $3.21 by 5.61 percent. This is a 26.49 percent increase over earnings of $2.68 per share from the same period last year. The company reported quarterly sales of $6.55 billion which beat the analyst consensus estimate of $6.52 billion by 0.52 percent. This is a 13.85 percent increase over sales of $5.76 billion the same period last year.

Mastercard Q3 Adj. EPS $3.39 Beats $3.21 Estimate, Sales $6.55B Beat $6.52B Estimate Read Post »

Southwest Airlines Q3 Non-GAAP Net Income Falls, Operating Revenue Rises

/ / Consumer Discretionary /

Southwest Airlines (LUV) reported Q3 non-GAAP net income Thursday of $0.38 per diluted share, down from $0.50 a year earlier. Analysts polled by Capital IQ expected $0.39. Operating revenue for the quarter ended Sept. 30 was $6.53 billion, up from $6.22 billion a year earlier. Analysts surveyed by Capital IQ expected $6.57 billion.

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CFRA Maintains Strong Buy Recommendation On Servicenow Inc.

/ / Technology /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We maintain our 12-month target price at $680, on a P/E of 53x our 2024 EPS projection of $12.83 on large deal momentum and growing enterprise reach. We increase our 2023 estimate to $10.46 from $10.39 and our 2024 EPS forecast to $12.83 from $12.55. NOW posted Q3 revenue of $2.29B, above consensus estimates by $14.8M, and non-GAAP EPS of $2.92 beats by $0.37. Revenue accelerated 25% Y/Y (compared to 21% in Q3 2022) from an outperformance in Subscriptions (+27.2% Y/Y, up from 22% in Q3 2022). The company logged an exceptional number of transactions (83 in Q3, up 20% Y/Y) with ACVs above $1M, driven by an acceleration in new large customers and multi-product deals, despite a difficult economic backdrop. U.S. Federal government demand was another

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CFRA Maintains Strong Buy Opinion On Shares Of Hasbro, Inc.

/ / Consumer Discretionary /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We lower our 12-month price target by $17 to $68, based on 17.0x our 2024 EPS estimate and in line with the company’s 10-year average forward P/E multiple of 18.8x. We lower our 2023 and 2024 EPS estimates by $0.50 to $3.50 and $1.00 to $4.00, respectively. HAS posts normalized Q3 EPS of $1.64 vs. $1.42, $0.05 below consensus estimates on revenues of $1.50B vs. $1.68B and $129M below estimates. By segment in Q3, Consumer Products declined 18% Y/Y while Entertainment declined 42%, and Digital Gaming increased 40% due to strength in Monopoly Go and Baldur’s Gate III. The slowdown in Entertainment was due to the writers’ strike. HAS expects the sale of eOne by end of the year. Q3 adjusted operating margin improved 670 bps Y/Y

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