News

Published on 22 May 2023 on Zacks via Yahoo Finance

Top Stock Reports for Oracle, NIKE & Starbucks


Article preview image

Monday, May 22, 2023The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Oracle Corporation (ORCL), NIKE, Inc. (NKE) and Starbucks Corporation (SBUX). These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.You can see all of today’s research reports here >>>Oracle shares have outperformed the Zacks Computer - Software industry over the past year (+49.5% vs. +22.8%). The company is benefiting from the ongoing momentum across its cloud business, driven by the strong uptake of Oracle Cloud Infrastructure services and Autonomous Database offerings.Solid adoption of cloud-based applications, comprising NetSuite Enterprise Resource Planning (ERP), Fusion ERP and Fusion Human Capital Management (HCM), bodes well. Solid demand for the Oracle Dedicated Region Cloud@Customer is anticipated to drive the top line. Partnerships with Accenture and Microsoft is helping Oracle win new clientele.However, higher spending on product enhancements, especially toward the cloud platform, amid increasing competition in the cloud domain is likely to limit margin expansion. The Zacks analyst expects fiscal 2023 non-GAAP operating expenses to jump 14.1% over fiscal 2022.(You can read the full research report on Oracle here >>>)Shares of NIKE have gained +6.8% over the past year against the Zacks Shoes and Retail Apparel industry’s gain of +9.7%. The company’s results gained from the Consumer Direct Acceleration strategy, compelling product innovation and solid online show.The company witnessed double-digit revenue growth across North America, EMEA and APLA. For fiscal 2023, it expects revenue growth in the high-single digits, up from the prior mentioned mid-single-digit growth and in line with our estimate of 8.6% growth.However, NIKE witnessed decline in gross margin due to higher markdowns, increased freight and logistics costs, elevated input costs and currency headwinds. Also, elevated SG&A expenses are concerning.(You can read the full research report on NIKE here >>>)Starbucks shares have outperformed the Zacks Retail - Restaurants industry over the past year (+46.8% vs. +34.7%). The company’s growth is attributable to comps growth in all its operational segments along with impressive revenue recovery from China after COVID-19.Starbucks focus on product innovation and store growth added to the uptrend. For fiscal 2023, the company expects consolidated revenues and global comparable store sales to be in the range of 10-12% and the high end of 7-9%, respectively, year over year.Earnings estimates for fiscal 2023 increased to $3.44 per share from $3.42 in the past 30 days. However, increased expenses and inflation are concerns.(You can read the full research report on Starbucks here >>>)Other noteworthy reports we are featuring today include Caterpillar Inc. (CAT), Equinor ASA (EQNR) and ABB Ltd (ABB).Director of ResearchSheraz MianNote: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Preview reports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

Story continues

Today's Must Read

NYSE.NKE price evolution
SIX.ABBN price evolution

Want to become a better investor?

Start tracking your investments with Statfolio

Sign up for free
Related News
Is There Now An Opportunity In ABB Ltd (VTX:ABBN)?

Let's talk about the popular ABB Ltd (VTX:ABBN). The company's shares saw a decent share price gr...

Simply Wall St. via Yahoo Finance 16 Jul 2023

ABB Ltd's (VTX:ABBN) largest shareholders are retail investors with 49% ownership, institutions own...

Key Insights The considerable ownership by retail investors in ABB indicates that they collective...

Simply Wall St. via Yahoo Finance 29 Jun 2023

Analysis-EV charger makers guardedly look to adopt Tesla standard

By Abhirup Roy (Reuters) -Electric vehicle charging companies are cautiously embracing Tesla's ch...

Reuters via Yahoo Finance 12 Jun 2023

The Zacks Analyst Blog Highlights Oracle, Nike, Starbucks, Caterpillar and ABB

For Immediate Release Chicago, IL – May 23, 2023 – Zacks.com announces the list of stocks feature...

Zacks via Yahoo Finance 23 May 2023

Top Stock Reports for Oracle, NIKE & Starbucks

Monday, May 22, 2023The Zacks Research Daily presents the best research output of our analyst tea...

Zacks via Yahoo Finance 22 May 2023

General Electric (GE) Picks Ghai as New CFO, Happe to Step Down

General Electric GE has chosen Rahul Ghai to succeed Carolina Dybeck Happe as the senior vice pre...

Zacks via Yahoo Finance 22 May 2023

Tetra Tech (TTEK) Wins $48M Data Analytics Contract From USAID

Tetra Tech TTEK has secured a $48 million single-award contract from the U.S. Agency for Internat...

Zacks via Yahoo Finance 22 May 2023

The 3 Most Promising Robotics Stocks to Buy in May 2023

The ever expanding role of robotics is making it an ideal time to find the top robotics stocks to...

InvestorPlace 22 May 2023

Reshoring With Robotics And Bridging The Labor Gap

Watch the industrial robotics sector – tech progress, population trends, and the potential for re...

Seeking Alpha 21 May 2023

Johnson Controls (JCI) to Decarbonize Hamburg Heating Network

Johnson Controls International JCI is set to supply four large-scale climate-friendly heat pumps ...

Zacks via Yahoo Finance 18 May 2023