Owens-Illinois, Korn Ferry: Bull And Bear Of The Day

Chicago, IL – July 01, 2016 – Zacks Equity Research highlights Owens-Illinois (OI - Analyst Report)as the Bull of the Day and Korn Ferry (KFY - Snapshot Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on AbbVie Inc. (ABBV - Analyst Report) and Johnson & Johnson (JNJ - Analyst Report) .

Here is a synopsis of all four stocks:

Bull of the Day:

Owens-Illinois has met or beat the Zacks Consensus Estimate in each of the last seven quarters. Over that span, there were only two meets and more importantly to aggressive growth investors, the last two reports saw solid beats on the top line. The stock is a Zacks Rank #1 (Strong Buy) and today it is the Bull of the Day.

The Numbers

OI beat the Zacks Consensus Estimate of $0.40 by $0.08 for a 20% positive earnings surprise. The topline was equally as impressive with the company reporting revenues of $1.588B and that was $60M more than expected for a 3.9% positive revenue surprise.

As a result of the great performance Wall Street sent shares of OI higher by more than 4% in the session following the release.

Description

Owens-Illinois makes glass containers. The Company's principal product lines are glass containers for the food and beverage industries. Owens-Illinois was founded in 1903 and is headquartered in Perrysburg, Ohio.

Earnings History

As noted above the company has a solid recent history of beating the number. With five of the last seven reports coming in ahead of the Zacks Consensus Estimate there is a clear signal here that company executives know how to manage Wall Street.

When I expand my view back another seven quarters I see another five beats, but I add on two misses. The 14 quarter history is a solid one, with 10 beats, 2 misses and 2 meets.

Estimates

Estimates have been moving higher almost all year. The 2016 Zacks Consensus Estimate was $2.15 in February, but moved higher by two and three cents in the following two months. A big move higher of a dime in May brought the number to $2.30, and it remained at that level for the month of June.

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