Brussels is planning to create US-style central databases that hold information on publicly listed companies and trading activity as part of a push to boost integration of its capital markets.
According to draft documents seen by the Financial Times, the measures will include changes to make it easier for investors to access information on companies operating in the EU and for EU banks and fund managers to find prices of stocks and bonds throughout the single market.
The proposals, set to be formally announced next week, are intended to make the EU more attractive to international investors following the UK’s departure from the single market.
“The EU’s global competitiveness is weakened by the fragmentation of its capital markets,” the draft documents say. Reforms to build a capital markets union “will in turn help companies tap into larger pools of capital held by institutional and retail investors across the EU”, they add.
The EU corporate reporting system, known as the European single access point, would consist of common, free public information about companies and products. At present, most information is scattered across multiple jurisdictions.
The project, aiming to go live in 2024, is likely to be paid for from the EU budget and overseen by Esma, the securities regulator, the documents say.
Authorities want to reproduce some of the benefits of services widely used in the US, the world’s biggest capital market, in many of its reforms. They include the Securities and Exchange Commission’s Edgar system for reporting corporate information and marketwide tapes that record trading information on stock and bond markets.
The European Commission envisages tapes that bundle together information collected from Europe’s patchwork of more than 470 exchanges and trading venues. Europe has long sought a “consolidated tape” but private efforts to build one have failed due to competing commercial interests, as well as slow and patchy data feeds.
“The total cost [to investors] of not having an accurate view of the equities markets can be as high as €10.6bn annually,” the document says.
Regulators have acknowledged that the last attempt to create a consolidated tape, in the 2018 Mifid legislation, failed. Brussels is planning to mandate that data providers supply standardised information to the tapes. Contributors would get “fair remuneration” and a minimum revenue in return, it said.
“Policymaking has typically focused on the needs of the intermediaries and we welcome the increased focus that policymakers now also have on end investors,” said Stephen Fisher, managing director of the global public policy group at BlackRock, at a conference in London on Thursday.
The proposed changes to market infrastructure addressed what he saw as Europe’s main weakness — trading that was fragmented along national lines and that “has held back capital raising and investor participation in capital markets”.
The proposals also include a formal ban on payment for order flow, a controversial practice in which retail brokers hand their orders to market makers in return for a fee. This is widely used in the US and Germany, but effectively banned in most EU countries.
Markus Ferber, a German MEP, welcomed the commission’s decision to address the issue but questioned whether an “outright ban” was the right approach.
The commission also wants to change the caps on the amount of business that can be executed in dark pools — off-exchange venues that fund managers to buy and sell large blocks of shares without disturbing the price on the market.
In addition, there are plans to tighten the rules on “systematic internalisers” — more lightly regulated invitation-only markets run largely by banks and high-frequency traders.
Other proposals include scrapping rules that require clearing houses to clear derivatives on rival exchanges, to build clearing capacity in the bloc after Brexit. Most of the euro clearing business is based in London.
Next year the commission will propose changes to the corporate insolvency framework and make it easier for companies to raise funds on exchanges, according to the draft documents.
Laredo Petroleum, Inc. (NYSE:LPI) – Capital One Financial dropped their FY2021 earnings estimates for shares of Laredo Petroleum in a report released on Tuesday, November 16th. Capital One Financial analyst B. Velie now anticipates that the oil and gas producer will post earnings of $8.79 per share for the year, down from their previous estimate of $8.96. Capital One Financial also issued estimates for Laredo Petroleum’s Q4 2021 earnings at $3.56 EPS.
Several other research firms have also recently commented on LPI. Wells Fargo & Company boosted their price target on shares of Laredo Petroleum from $68.00 to $69.00 and gave the company an “underweight” rating in a report on Wednesday, October 13th. Raymond James boosted their target price on shares of Laredo Petroleum from $100.00 to $105.00 and gave the stock an “outperform” rating in a research report on Tuesday, October 26th. Finally, Piper Sandler boosted their target price on shares of Laredo Petroleum from $49.00 to $81.00 and gave the stock a “neutral” rating in a research report on Thursday, October 21st. One research analyst has rated the stock with a sell rating, three have given a hold rating and two have issued a buy rating to the stock. Based on data from MarketBeat.com, Laredo Petroleum currently has a consensus rating of “Hold” and an average target price of $72.60.
NYSE LPI opened at $69.60 on Wednesday. Laredo Petroleum has a twelve month low of $10.39 and a twelve month high of $99.26. The company has a debt-to-equity ratio of 6.02, a quick ratio of 0.34 and a current ratio of 0.34. The stock has a market cap of $1.19 billion, a price-to-earnings ratio of -3.10 and a beta of 4.19. The firm’s 50 day moving average price is $75.65 and its two-hundred day moving average price is $63.99. Laredo Petroleum (NYSE:LPI) last issued its earnings results on Tuesday, November 2nd. The oil and gas producer reported $1.84 EPS for the quarter, missing the Zacks’ consensus estimate of $2.90 by ($1.06). Laredo Petroleum had a negative net margin of 21.33{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} and a negative return on equity of 2,190.66{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. During the same period last year, the company earned $4.02 earnings per share.
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A number of hedge funds and other institutional investors have recently bought and sold shares of the stock. L & S Advisors Inc bought a new stake in Laredo Petroleum during the second quarter worth about $2,537,000. Dimensional Fund Advisors LP grew its stake in shares of Laredo Petroleum by 15.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the first quarter. Dimensional Fund Advisors LP now owns 377,611 shares of the oil and gas producer’s stock valued at $11,351,000 after purchasing an additional 51,786 shares during the last quarter. Balyasny Asset Management LLC bought a new stake in shares of Laredo Petroleum during the second quarter valued at approximately $5,716,000. Principal Financial Group Inc. grew its stake in shares of Laredo Petroleum by 8.0{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} during the second quarter. Principal Financial Group Inc. now owns 66,885 shares of the oil and gas producer’s stock valued at $6,206,000 after purchasing an additional 4,929 shares during the last quarter. Finally, First Trust Advisors LP lifted its holdings in Laredo Petroleum by 30.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in the second quarter. First Trust Advisors LP now owns 47,089 shares of the oil and gas producer’s stock valued at $4,369,000 after buying an additional 11,128 shares during the period. 70.49{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by institutional investors and hedge funds.
In other news, CEO M. Jason Pigott sold 13,400 shares of the company’s stock in a transaction dated Tuesday, November 9th. The shares were sold at an average price of $72.60, for a total transaction of $972,840.00. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. 3.30{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the stock is currently owned by corporate insiders.
Laredo Petroleum Company Profile
Laredo Petroleum, Inc engages in the exploration, development and acquisition of oil and natural gas properties. It operates in the Permian Basin in West Texas. The company was founded by Randy A. Foutch in October 2006 and is headquartered in Tulsa, OK.
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Should you invest $1,000 in Laredo Petroleum right now?
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House Funds Team Inc. (TSE:HCG) – Equities exploration analysts at Nationwide Financial institution Money dropped their Q4 2021 EPS estimates for Dwelling Funds Team in a analysis report issued on Sunday, November 14th. Nationwide Bank Economical analyst J. Gloyn now expects that the business will put up earnings per share of $1.14 for the quarter, down from their earlier forecast of $1.16. Countrywide Lender Economical now has a “Outperform” score and a $59.00 rate concentrate on on the stock. Nationwide Lender Money also issued estimates for Dwelling Capital Group’s FY2022 earnings at $5.59 EPS and FY2023 earnings at $6.57 EPS.
Many other analysts have also recently issued reviews on the stock. Countrywide Bankshares upped their price aim on shares of Property Funds Group from C$59.00 to C$62.00 and gave the company an “outperform” ranking in a investigation notice on Monday. TD Securities slash shares of Dwelling Cash Team from an “motion checklist get” ranking to a “purchase” rating and upped their selling price objective for the firm from C$50.00 to C$53.00 in a exploration be aware on Monday. Raymond James upped their cost aim on shares of Property Capital Group from C$39.00 to C$48.00 and gave the business a “sector conduct” rating in a analysis be aware on Monday. BMO Cash Markets upped their price tag goal on shares of House Funds Team from C$49.00 to C$51.00 in a exploration take note on Monday. Ultimately, Royal Lender of Canada boosted their target value on shares of House Funds Team from C$52.00 to C$53.00 and gave the company an “outperform” ranking in a report on Tuesday, October 26th. One analysis analyst has rated the stock with a maintain score and five have specified a purchase score to the enterprise. Based mostly on details from MarketBeat.com, the inventory now has a consensus score of “Invest in” and a consensus value goal of C$53.29.
Shares of TSE HCG opened at C$44.72 on Tuesday. Home Funds Team has a 12-thirty day period very low of C$27.63 and a 12-thirty day period significant of C$46.92. The stock has a marketplace cap of C$2.25 billion and a PE ratio of 9.29. The corporation has a 50-day shifting normal of C$39.38 and a 200 working day relocating common of C$37.43. Property Funds Group (TSE:HCG) past announced its quarterly earnings knowledge on Friday, August 13th. The enterprise described C$1.44 earnings for every share (EPS) for the quarter, beating the consensus estimate of C$1.01 by C$.43. The business experienced revenue of C$138.86 million for the quarter, when compared to analysts’ expectations of C$140.03 million.
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In other information, Director Alan Roy Hibben acquired 2,000 shares of the firm’s stock in a transaction on Friday, September 10th. The shares ended up acquired at an common price tag of C$37.50 per share, for a full transaction of C$75,000.00. Adhering to the acquisition, the director now immediately owns 14,800 shares of the firm’s stock, valued at about C$555,000.
About Home Cash Team
Property Capital Team Inc, by way of its subsidiary, Home Have faith in Firm, delivers residential and nonresidential mortgage lending, securitization of household home finance loan merchandise, buyer lending, and credit card services in Canada. It provides deposits through brokers and money planners under the Oaken Money model.
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MarketBeat retains keep track of of Wall Street’s major-rated and greatest performing research analysts and the stocks they advocate to their clients on a every day basis. MarketBeat has discovered the 5 shares that leading analysts are quietly whispering to their clientele to purchase now before the broader current market catches on… and Dwelling Funds Group wasn’t on the checklist.
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On Closing, Transaction Will be the Firm’s Seventh CRE CLO Due to the fact Inception and Major CRE CLO Issued to Day
NEW YORK, Nov. 15, 2021 /PRNewswire/ — Prepared Money Corporation (NYSE: RC) (“Ready Capital” or the “Business”) now declared the pricing of a $927.2 million commercial home loan collateralized personal loan obligation (“CRE CLO“) transaction with the restricted proper to get all or aspect of $135.2 million in future funding participation passions.
Moody’s Investor Support, Inc. (“Moody’s”) and DBRS, Inc. (“DBRS”) assigned a “AAA” score, to the senior most certificates, with DBRS furnishing scores to the remaining classes of the transaction.
Upon closing, the transaction, issued by Ready Capital Mortgage loan Financing 2021-FL7, LLC (“RCMF FL7”), will signify the Company’s seventh CRE CLO because inception and greatest CRE CLO to day, with the Firm’s complete CRE CLO issuance backed by a put together $3.39 billion of collateral UPB. The transaction was fulfilled with significant need from investors with roughly 45 one of a kind accounts collaborating.
RCMF 2021-FL7 is made up of 76 RC-originated floating fee financial loans secured by 89 attributes across the United States. The portfolio consists of property finance loan financial loans mainly secured by multifamily (91.7{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}), and industrial (4.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}) qualities across 22 states.
“The closing of RCMF 2021-FL7 marks the most recent in a series of major milestones for Completely ready Cash in 2021,” explained Tim Geraghty, Head of Cash Marketplaces. “We’re extremely happy with the execution and investor reception and eager to carry on increasing our CRE lending platform.”
The pending CRE CLO was organized by a bank syndicate such as J.P. Morgan Securities LLC as sole structuring agent, Credit history Suisse Securities (United states) LLC and Deutsche Bank Securities Inc. as co-lead administrators and Amherst Pierpont Securities LLC and Piper Sandler & Co as co-supervisors.
About Ready Funds Company All set Cash Company (NYSE: RC) is a multi-system real estate finance business that originates, acquires, funds and solutions smaller to medium balance industrial loans. All set Money specializes in loans backed by professional true estate, which include company multifamily, trader and bridge as effectively as SBA 7(a) small business financial loans. Headquartered in New York, New York, Prepared Cash employs about 500 lending experts nationwide. The enterprise is externally managed and advised by Waterfall Asset Administration, LLC.
Get in touch with Trader Relations All set Cash Corporation 212-257-4666 InvestorRelations@readycapital.com

Colt Technology Solutions currently announced that it is growing its capital marketplaces presenting into Latin America, giving customers from the United states, Europe and APAC price tag successful, very low latency access to B3 – one particular of the world’s greatest monetary marketplace infrastructure firms and the largest in the area – via Colt PrizmNet.
By continuing to fortify its protection in the Americas, Colt is offering worldwide capital current market info suppliers and buying and selling firms with easier, a lot more value-effective obtain to crucial venues in the region. This expansion can make Colt one of the very first economical extranet companies to provide obtain to B3 from all of its 30+ World-wide PrizmNet PoPs and trade colocation venues and to on net customers throughout its international money markets ecosystem of 160+ exchanges, venues and provider companies, and 10,000+ contributors. Buyers from throughout the world can now simply obtain connectivity, trading and market facts throughout various asset courses from this vital world market. The financial expert services marketplace in the region has professional substantial growth in current decades, with Brazilian money markets going through a time period of enlargement, and extra than 44 providers listing on the Brazilian Inventory Trade this yr, in contrast to 28 in 2020. The selection of retail traders has also grown considerably, from 700,000 in 2018 to more than 3.8 million this yr.
Colt’s Section Director, Funds Marketplaces & Asia, Matthew Reinholds, mentioned: “The economic expert services industry in Latin The usa has undergone a quick digital transformation, with sizeable expenditure in FinTech and the relevant architecture. The trend in Latin The usa mirrors that getting area across the environment, where by low-latency connections among economic hubs are altering the way money industry details vendors and trading firms obtain to the world funds markets ecosystem. As these marketplaces proceed to mature, demand for connectivity to essential sector venues has risen, together with the need for trusted very low latency entry to sector data and buying and selling – and, that’s precisely what we’re offering with our growth of Colt PrizmNet into the region and access to B3.”
Colt PrizmNet is a world-wide financial extranet that provides deterministic very low latencies for offering information, software, material and economic services globally to companies in the US, Europe and APAC. PrizmNet also gives a scalable, secure, and reputable platform to rapidly join and aid current market individuals in areas such as multi-industry buying and selling, info, finest execution and algo screening.
Colt PrizmNet is underpinned by the Colt IQ Network – a 100Gbps optimised clever network – dispersed to additional than 29,000 on web structures, 900 data centres and hundreds of details network connection factors about the globe. With overall flexibility and agility to meet up with the market’s demands, Colt continues to enrich its connectivity providing to ensure its industry management across the planet.
Chicago, IL – October 27, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: Capital One Financial Corp. COF, Thermo Fisher Scientific Inc. TMO, Aflac Inc. AFL, DexCom Inc. DXCM and Exxon Mobil Corp. XOM.
Here are highlights from Tuesday’s Analyst Blog:
5 S&P 500 Stocks to Buy Ahead of Q3 Earnings This Week
We are in the first major week of the third-quarter 2021 earnings season with more than 900 companies slated to release their quarterly results. While market participants’ attention will be predominantly on technology giants, several other companies from the S&P 500 stable will also release their financial numbers.
The last quarter was a mixed one for the S&P 500 Index as the benchmark gained a marginal 0.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. Good performances in July and August were almost offset in September’s market turmoil. Investment in S&P 500 companies with a favorable Zacks Rank that are set to beat earnings estimates should be fruitful going forward.
Robust Start to Third-Quarter Earnings
The third-quarter 2021 earnings season has picked up from where it ended in the second quarter. Results are pretty encouraging so far despite prolonged supply-chain disruptions, a labor shortage, higher inflationary pressure and the resurgence of the Delta variant of the coronavirus.
As of Oct 22, 117 S&P 500 companies reported third-quarter results. Total earnings of these companies are up 46.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} year over year on 16.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} higher revenues with 85.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} beating EPS estimates and 73.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} surpassing revenue estimates.
At present, total third-quarter earnings of the market’s benchmark — the S&P 500 Index — are projected to jump 32.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from the same period last year on 14.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} higher revenues. This suggests a steady improvement from 26.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} earnings growth on 14{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} higher revenues, estimated at the beginning of the reporting cycle.
Favorable Impacts on Earnings Results
Earnings results of the first two quarters of this year were favorably impacted since the corresponding quarters of last year were affected by the pandemic-led lockdowns and restrictions. This was evident with 95{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} year-over-year earnings growth on 25.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} higher revenues in the second quarter and 49.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} year-over-year earnings growth on 10.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} higher revenues in first-quarter 2021.
Nevertheless, the U.S. economy started reopening partially albeit at a languid pace since the third quarter of 2020. Notwithstanding favorable comparisons with last year, third-quarter 2021 earnings estimates reflect genuine growth, climbing nearly 23{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} from the pre-pandemic third-quarter of 2019.
Our Top Picks
Five big S&P 500 companies (market capital > $45 billion) are slated to release third-quarter earnings results this week. Each of these stocks carries either a Zacks Rank#1 (Strong Buy) or 2 (Buy) and has a positive Earnings ESP. You can see the complete list of today’s Zacks #1 Rank stocks here.
Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. These stocks are anticipated to appreciate after earnings releases. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Capital One Financial is primarily focused on consumer and commercial lending as well as deposit origination providing various financial products and services in the United States, the United Kingdom, and Canada. It operates through three segments: Credit Card, Consumer Banking and Commercial Banking.
The company’s Credit Card segment is likely to continue showing strength. In the first half of 2021, Domestic Card, which accounted for 92.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} of the Credit Card net revenues, reflected robust loans held for investment balance.
This Zacks Rank #2 company has an Earnings ESP of +4.66{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. It has an expected earnings growth rate of more than 100{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the current year. The Zacks Consensus Estimate for current-year earnings improved 1.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} over the last 30 days. It recorded earnings surprises in the last four reported quarters, with an average beat of 92.3{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company is set to release earnings results on Oct 26, after the closing bell.
Thermo Fisher Scientific delivered a strong performance in the first half of 2021 banking on accelerated growth in Base business. Solid end-market growth was driven by robust fundamentals in the life sciences, strong economic activity globally and the role this industry is playing in the pandemic response.
Thermo Fisher is currently expanding its bioproduction purification resin capacity, which is used in the mRNA manufacturing process. In Biosciences business, it launched several new products, including two instruments to advance cell analysis- the Invitrogen Bigfoot Spectral Sorter and the Invitrogen Attune CytPix Flow Cytometer.
This Zacks Rank #2 company has an Earnings ESP of +3.02{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. It has an expected earnings growth rate of 13.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the current year. The Zacks Consensus Estimate for current-year earnings improved 0.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} over the last 7 days. It recorded earnings surprises in the last four reported quarters, with an average beat of 10.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company is set to release earnings results on Oct 27, before the opening bell.
Aflac continues to maintain strong risk-adjusted capital at its operating subsidiaries supported by consistent earnings and good liquidity. Its U.S segment is poised to grow from the buyout of Argus Dental and Vision and Zurich North America’s U.S. Corporate Life and Pensions (Group Benefits) business. A robust product pipeline for 2021 is likely to boost the segment’s sales.
This Zacks Rank #2 company has an Earnings ESP of +1.44{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. It has an expected earnings growth rate of 13.1{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the current year. The Zacks Consensus Estimate for current-year earnings improved 0.2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} over the last 30 days. It recorded earnings surprises in the last four reported quarters, with an average beat of 19.9{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company is set to release earnings results on Oct 27, after the closing bell.
DexCom made continued advancements with respect to key strategic objectives. DexCom’s slew of tie-ups and buyouts are also encouraging. A solid international foothold and a strong product portfolio bode well. Strong solvency is an added advantage.
DexCom’s FDA-cleared CGM system – the DexCom G4 Platinum has been boosting its top line. The inbuilt features of the G4 Platinum make it the most innovative system for continuous glucose monitoring in the market. In July 2021, DexCom announced the FDA’s clearance for Dexcom Partner Web APIs. The latest nod will enable approved third-party developers to integrate real-time CGM data into their digital health apps and devices.
This Zacks Rank #2 company has an Earnings ESP of +5.46{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The Zacks Consensus Estimate for current-year earnings improved 0.4{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} over the last 30 days. It recorded earnings surprises in the last four reported quarters, with an average beat of 32.5{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company is set to release earnings results on Oct 28, after the closing bell.
Exxon Mobil made multiple world-class oil discoveries at the Stabroek Block, located off the coast of Guyana. Recently, the company raised the estimate for discovered recoverable resources from the Stabroek Block to approximately 10 billion oil-equivalent barrels.
Its bellwether status and an optimal integrated capital structure that has historically produced industry-leading returns make it a relatively lower-risk energy sector play. The integrated oil behemoth expects to reduce greenhouse gas emissions by 30{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} in its upstream business. During the same time frame, the firm expects to reduce flaring and methane emissions by 40{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}.
This Zacks Rank #1 company has an Earnings ESP of +1.57{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996}. The company has an expected earnings growth rate of more than 100{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} for the current year. The Zacks Consensus Estimate for current-year earnings improved 2{21df340e03e388cc75c411746d1a214f72c176b221768b7ada42b4d751988996} over the last 7 days. The company is set to release earnings results on Oct 29, before the opening bell.
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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