Zacks Bull and Bear of the Day Highlights: Big 5 Sporting Goods, FujiFilm
Holdings, Mondelez International, International Business Machines and Kraft
CHICAGO, Dec. 31, 2012
CHICAGO, Dec. 31, 2012 /PRNewswire/ -- Zacks Equity Research highlights Big 5
Sporting Goods(Nasdaq:BGFV) as the Bull of the Day and FujiFilm
Holdings(OTC:FUJIY) as the Bear of the Day. In addition, Zacks Equity
Research provides analysis on Mondelez International, Inc.(Nasdaq:MDLZ),
International Business Machines Corporation(NYSE:IBM) and Kraft Foods Group
Full analysis of all these stocks is available at
Here is a synopsis of all five stocks:
Bull of the Day:
Big 5 Sporting Goods(Nasdaq:BGFV) was upgraded from Neutral to Outperform
after back-to-back quarters of positive earnings surprises along with an
encouraging guidance for the fourth quarter of fiscal 2012.
Driven by strong top-line performance along with effective cost management,
Big 5 Sporting s earnings of $0.38 per share for third-quarter 2012 came 44.4%
higher than the year-ago quarter earnings and handily surpassed the Zacks
Consensus Estimate of $0.32. The company now anticipates earnings per share in
the range of $0.13 $0.21 per share in fourth-quarter fiscal 2012
We believe the company's top line will augment in the future with the strategy
of resuming the store expansion program. Moreover, the company's new business
intelligence system and distribution channel will help significantly reduce
the operating expenses. Our target of $14.00 is based on 20x EPS estimates.
Bear of the Day:
FujiFilm Holdings(OTC:FUJIY) was recently downgraded from Neutral to
Underperform. The downgrade was based on the troubles in revenue generation
the company is expected to see.
In the most recent quarter revenue fell 1.8% from the year ago period in part
due to the European debt crisis. The company is having a difficult time
maintaining its traditional business in the midst of the digitalization phase
of growth. Ever increasing raw materials prices are also a concern.
Tokyo based Fujifilm Holdings Corporation is a leading global producer of
photographic imaging products. The company develops, manufactures, and markets
traditional and digital imaging products.
We have a long term Underperform recommendation on the stock. Our target price
of $17.00 is based on 13.4x 2013 EPS estimates.
Latest Posts on the Zacks Analyst Blog:
Mondelez, IBM Extend Partnership
Mondelez International, Inc.(Nasdaq:MDLZ) (formally known as Kraft Foods
Inc), andInternational Business Machines Corporation(NYSE:IBM) recently
announced that they will extend their partnership till September 2015. The
partnership will help Mondelez International establish three SAP instances in
three years.The partnership will result in execution of the Catalyst CEEMA
Wave 4 project, which is now operating in Eastern & South East Europe, Middle
East and Northern Africa region. The project is expected to complete in 2014
and bring 22 countries in the Central and Eastern Europe (CEE) and Middle East
and Africa (MEA) region under one enterprise resource planning (ERP) platform
along with the EU region.
This multi-year partnership will help Mondelez International improve its
efficiency and optimize its resources in the long term.
Following the spin off ofKraft Foods Group Inc.(Nasdaq:KRFT) from Kraft
Foods, Inc. on October 1, 2012, the erstwhile Kraft Foods, Inc has been
renamed Mondelez International and now comprises only its global snacks
business. Mondelez International produces and markets packaged food products,
including snacks, beverages, cheese, convenient meals and various packaged
grocery products. The company has popular brands like Cadbury, Jacobs, LU,
Milka, Nabisco, Oreo, Tang and Trident.
Mondelez International intends to expand its strong presence in the fast
growing snacks business, particularly in emerging markets. The company intends
to focus on increasing its revenue and earnings, optimizing costs and
improving its margin through better volume and product mix. The partnership
with IBM will help the company achieve its targets.
We currently have a Neutral recommendation on Mondelez International, Inc. The
stock carries a Zacks #3 Rank (a short-term 'Hold' rating).
Get the full analysis of all these stocks by going to
About the Bull and Bear of the Day
Every day, the analysts at Zacks Equity Research select two stocks that are
likely to outperform (Bull) or underperform (Bear) the markets over the next
About the Analyst Blog
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Zacks Equity Research about the latest news and events impacting stocks and
the financial markets.
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