Two household-name stocks, Intel (NASDAQ:INTC) and Starbucks (NASDAQ:SBUX) , reported Q4 and fiscal Q1 earnings reports, respectively, after the closing bell today. While Intel crushed estimates on both top- and bottom-lines on slightly more modest guidance, Starbucks slightly missed revenue estimates, and its stock is down 3% in late trading.
For Zacks Rank #2 (Buy) Intel, it posted $1.08 per share — a 25% positive surprise over the Zacks consensus 86 cents. This also accounts for a 15 cent-per-share charge on the new tax laws, and still was a blowout headline. Revenues of $17.05 billion also beat the $16.31 billion we had been expecting, and represent 8% growth year over year.
Yet Q1 guidance was modest: 70 cents per share on $15.0 billion in revenues are both below Zacks consensus, as are the fiscal year projections of $3.55 and $65.0 billion. For more on INTC’s earnings, click here.
Starbucks also outperformed earnings estimates, by 8 cents to 65 cents per share. But the $6.0 billion in quarterly sales just missed our $6.1 billion. That said, year-over-year revenues are up 6% and have ascended to all-time highs. For more on SBUX’s earnings, click here.
Finally, E*TRADE (NASDAQ:ETFC) has topped earnings estimates by 3 cents to 64 cents per share. Revenues of $637 million outpaced the $629 million expected. A report that the online trading company has acquired roughly 1 million accounts from Capitol One (NYSE:COF) has pressured late trading.
Zacks’ Best Private Investment Ideas
While we are happy to share many articles like this on the website, our best recommendations and most in-depth research are not available to the public.
Starting today, for the next month, you can follow all Zacks' private buys and sells in real time. Our experts cover all kinds of trades… from value to momentum . . . from stocks under $10 to ETF and option moves . . . from stocks that corporate insiders are buying up to companies that are about to report positive earnings surprises. You can even look inside exclusive portfolios that are normally closed to new investors.
Click here for Zacks' private trades >>
Capital One Financial Corporation (COF): Free Stock Analysis Report
E*TRADE Financial Corporation (ETFC): Free Stock Analysis Report
Starbucks Corporation (SBUX): Free Stock Analysis Report
Intel Corporation (INTC): Free Stock Analysis Report
Original post
Zacks Investment Research