CFRA Maintains Strong Buy Opinion On Shares Of T-mobile Us, Inc.

/ / Telecommunications /

CFRA, an independent research provider, has provided MT Newswires with the following research alert. Analysts at CFRA have summarized their opinion as follows: We keep our 12-month target price at $175, applying an EV/EBITDA multiple of 9.9x to our 2024 estimate, a premium to its three-year historical average multiple at 9.0x, reflecting strong postpaid consumer net additions. We trim our 2023 EPS estimate by $0.12 to $7.64 and lower 2024’s by $0.08 to $10.17. TMUS reported Q3 operating EPS of $2.00 vs. $2.27, $0.11 above the consensus. Q3 service revenue increased 4%, driven by 6% growth in postpaid service, while equipment revenue fell 20% due to lower postpaid upgrades and prepaid sales. Postpaid phone net additions were 850K, leading the industry, while prepaid net adds were 79K and Internet net adds came in at 557K. Overall results were very strong, with a slight increase to FCF guidance despite slightly higher […]

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CFRA Maintains Hold Opinion On Shares Of IBM Corp.

/ / 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 raise our 12-month target price by $8 to $150, 15.1x our ’24 EPS estimate, a discount to peers, reflecting ongoing operational challenges. We trim our ’23 EPS estimate by $0.03 to $9.52 and lower ’24’s by $0.18 to $9.95. IBM reported Q3 operating EPS of $2.20 vs. $1.81, $0.07 above the consensus. Q3 revenue increased 4.6%, with 6% growth in software revenue on strength in both Hybrid Platform & Solutions and Transaction Processing, as well as a 5% increase in Consulting, with strong signings performance and a book-to-bill ratio greater than 1.15, partially offset by a 3% decline in Infrastructure, driven by declines in Distributed Infrastructure and Infrastructure Support. Overall results came in ahead of expectations despite clients continuing to cut back on discretionary projects in

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CFRA Maintains Sell Recommendation On Shares Of Teradyne, 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 cut our 12-month target to $70 from $87 on a P/E of 23x our 2024 EPS estimate, near peers, but below TER’s five-year average (24x) on a soft macro. We maintain our 2023 EPS estimate of $2.84, but sharply cut our 2024 estimate to $3.03 from $4.14. TER posted Q3 EPS of $0.80 (vs. $1.15 in Q3 2022), $0.07 above consensus, driven by higher-than-expected sales in its Robotics group. Within Semi Test, automotive provided strength, which we expect to continue in 2024 on increasing semi content in vehicles and structural growth in EVs. However, overall testing was broadly weaker, with areas like mobility and wireless driven lower by a weak smartphone market. We expect this headwind to fade in 2024, but are hesitant to project a

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Amazon.com Announces Third Quarter Results

/ / Consumer Discretionary /

Amazon.com Announces Third Quarter Results SEATTLE—-October 26, 2023– Amazon.com, Inc. (NASDAQ: AMZN) today announced financial results for its third quarter ended September 30, 2023. — Net sales increased 13% to $143.1 billion in the third quarter, compared with $127.1 billion in third quarter 2022. Excluding the $1.4 billion favorable impact from year-over-year changes in foreign exchange rates throughout the quarter, net sales increased 11% compared with third quarter 2022. — North America segment sales increased 11% year-over-year to $87.9 billion. — International segment sales increased 16% year-over-year to $32.1 billion, or increased 11% excluding changes in foreign exchange rates. — AWS segment sales increased 12% year-over-year to $23.1 billion. — Operating income increased to $11.2 billion in the third quarter, compared with $2.5 billion in third quarter 2022. — North America segment operating income was $4.3 billion, compared with an operating loss of $0.4 billion in third quarter 2022. —

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Amazon.com Q3 Earnings, Net Sales Rise; Q4 Sales Guidance Issued

/ / Consumer Discretionary /

Amazon.com (AMZN) reported Q3 earnings late Thursday of $0.94 per diluted share, up from $0.28 a year earlier. Analysts polled by Capital IQ expected EPS of $0.58. Net sales for the quarter ended Sept. 30 were $143.08 billion, up from $127.1 billion a year earlier. Analysts surveyed by Capital IQ expected $141.56 billion. The company said it expects Q4 net sales to range between $160 billion and $167 billion. Analysts surveyed by Capital IQ are expecting $167.04 billion.

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Chipotle Mexican Grill, Inc. (NYSE: CMG) ANNOUNCES THIRD QUARTER 2023 RESULTS

/ / Consumer Discretionary /

CHIPOTLE ANNOUNCES THIRD QUARTER 2023 RESULTS NEWPORT BEACH, Calif., Oct. 26, 2023 COMPARABLE SALES INCREASE 5% DRIVEN BY TRANSACTION GROWTH AS MARGINS EXPAND NEWPORT BEACH, Calif., Oct. 26, 2023  — Chipotle Mexican Grill, Inc. (NYSE: CMG) today reported financial results for its third quarter ended September 30, 2023. Third quarter highlights, year over year: — Total revenue increased 11.3% to $2.5 billion — Comparable restaurant sales increased 5.0% — Operating margin was 16.0%, an increase from 15.1% — Restaurant level operating margin was 26.3% 1, an increase of 100 basis points — Diluted earnings per share was $11.32, a 23.0% increase from $9.20. Adjusted diluted earnings per share, which excluded a $0.04 after-tax impact from expenses related to corporate restructuring, was $11.361, a 19.5% increase from $9.511. — Opened 62 new restaurants with 54 locations including a Chipotlane “Chipotle’s value proposition including customized, delicious culinary served quickly with great hospitality,

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