Three Hot Stocks To Watch

(Photo Credit: Frankieleon)

SJM - The J. M. Smucker Company (Reports June 8th BMO)

The jelly-ful company is reporting its 2017 Q4 earnings on Thursday. Analysts at Estimize are expecting an EPS of $1.75, 2 cents more optimistic than Wall Street. As for revenue, Estimize is aiming for $1.779 billion, 6 million more pessimistic than Wall Street. Over the last eight quarters, EPS has followed an upward trend, which bodes well for the upcoming 2018 fiscal year.

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Famous for its fruit spreads and peanut butter jelly sandwiches, J.M Smucker has remained one of the biggest corporations in the food industry. Recently, SJM announced the signing of a definitive agreement to acquire the Wesson oil brand for $285 million. With this purchase, SJM is hoping to expand its market presence beyond just fruit-based products. As of today, SJM is valued at $128.31 per share.

PAY - VeriFone Systems (Reports June 8th AMC)

This veteran financial technology company is reporting its second fiscal quarter’s earnings on Thursday. Estimize is calling for an EPS of $0.31, which is 1 cent ahead of Wall Street. The PAY guidance for this quarter is $0.29, which follows closely to Wall Street. In addition, the Estimize consensus for revenue is $470.75 million, approximately 1 million behind Wall Street, which is $471.9 million. PAY guidance for revenue remains the most optimistic standing at $472 million.

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Verifone recently announced their new payment product, Verifone Carbon 8, which is an affordable, smaller, and portable POS solutions. It is mainly targeted at small to midsized businesses such as hospitality and restaurants. In addition to this, Verifone has again partnered with Eigen Payments to make paying at restaurants more convenient. As of today, VeriFone is valued at $18.55 per share.

MTN - Vail Resorts Inc. (Reports June 8th BMO)

Vail Resorts operates ten mountain resorts and three ski area in locations in the US and overseas. They will be reporting their third quarter’s earnings on Thursday.  Estimize is calling for an EPS 4.94, which is slightly less optimistic than the street (4.99). Looking at revenue the Estimize community has come to consensus of 805.01 which falls behind the street (808.28).

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Vail Resorts acquired Stowe Mountain Resort earlier this year to make it their first east coast location. Due to their premier locations they hold somewhat of a monopoly in the sector being able to raise prices when necessary. Even though Vail Resorts does struggle to make money in the summer they have been making strides to make the fun last year-round. Some of the things they have tried include, ziplines and hiking paths. Looking at past Estimize data it shows the strong trend of a plateau in Q3 then a drop in EPS and Revenue for Q4. Vail Resorts currently sit at a stock price of $214.37 which is just about the 52-week high.

Disclosure: There can be no assurance that the information we considered is accurate or complete, nor can there be any assurance that our assumptions are correct.

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