The Zacks Analyst Blog Highlights: Yahoo!, General Electric, Accenture, Crane and Honeywell International

The Zacks Analyst Blog Highlights: Yahoo!, General Electric, Accenture, Crane
                         and Honeywell International

PR Newswire

CHICAGO, April 17, 2013

CHICAGO, April 17, 2013 /PRNewswire/ 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 Yahoo! Inc. (Nasdaq:YHOO),
General Electric Company (NYSE:GE), Accenture plc (NYSE:ACN), Crane Co.
(NYSE:CR) and Honeywell International Inc. (NYSE:HON).


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Here are highlights from Tuesday's Analyst Blog:

Yahoo Remains a Work in Progress

Yahoo! Inc. (Nasdaq:YHOO) reported Q1 fully-diluted earnings per share of 34
cents (accounting for a restructuring reversal; the headline number was 38
cents per share) on $1.07 billion in revenues. This was a little light in
sales, as the Zacks Consensus was for $1.1 billion, but Yahoo appears to have
hit a homer on EPS.

...Yet the stock is down big in after-hours trading. So what gives?

A couple of the touchstones for Yahoo in its Q1 earnings report was guidance
(which was a little less than expected) and whether search query numbers were
still down (they were, by -11%). Also, Yahoo posted the worst year-over-year
decline in display ads in more than two years.

So it would seem it pays to not judge a book by its cover. The after-market
sure hasn't: shares of YHOO are down around 3.5% right now, following a 0.75%
dip before the bell.

Alright then, so why the big earnings beat? Is it because Yahoo also decided
to hereby report earnings minus stock-based compensation going forward,
thereby throwing a monkey wrench into analysts' estimates from the past
quarter? Not really, actually; this new accounting merely impacts what they
call their non-GAAP comparison.

You want the real scoop on this impressive 36% positive earnings surprise?
Check Yahoo's significant reductions in traffic acquisition costs (TAC). So
although the company brought in slightly less on the revenue side in the
quarter, they reduced TAC costs significantly -- a big plus.

It's also now commonplace for Yahoo to blow out quarterly estimates: over the
previous 4 quarters, the company had averaged a 35% earnings beat. Also,
analyst estimate revisions had all been to the upside over the past 7, 30 and
60 days. For this reason, Yahoo has earned a Zacks Rank #1 (Strong Buy).

Certainly Yahoo has many more boulders to push up the hill. But perhaps this
after-market sell-off is a tad unwarranted, and may be a good opportunity to
get in.

GE, Accenture JV Forays in Texas

In order to extend its geographic footprint, Taleris – a joint venture between
GE Aviation, an operating unit of General Electric Company (NYSE:GE) , and
Accenture plc (NYSE:ACN) – recently unveiled its new headquarter facility in
Irving, Texas. The facility spanning 28,000 square feet of space is expected
to house 100 employees within the first year of its operation.

Leveraging on the technological expertise and state-of-the-art equipment,
Taleris provides all the requisite back-up support to airlines and cargo
carriers across the world to improve operational efficiency through effective
analysis of aircraft performance data, prognostics, and recovery. Taleris use
proprietary algorithms to help the airlines take appropriate decision to
pre-empt unscheduled maintenance, delays and cancellations that burden their
exchequer billions of dollars each year.

With a roster of high-tech companies, Irving is a thriving business
destination for Taleris. The city has 'AAA' ratings by Moody's Investor
Services and Standard and Poor's for General Obligation Bonds owing to its
large tax base, strong financial management policies, formal investment and
reserve policies, and strong general fund reserves. In addition, the city also
has AA1 ratings for Water and Sewer Bonds due to competitive combined utility
rates and solid financial position. Consequently, Taleris expects that its new
headquarters would benefit from the improved infrastructure facilities and
other amenities to further develop its business.

General Electric is one of the largest and the most diversified technology and
financial services corporations in the world. With products and services
ranging from aircraft engines, power generation, water processing, and
security technology to medical imaging, business and consumer financing, media
content and industrial products, the company serves over 100 million customers

Its segments include Power & Water, Oil & Gas, Energy Management, Aviation,
Healthcare, Transportation, Home & Business Solutions, and GE Capital.
Evendale-based GE Aviation Systems is a premier supplier of commercial and
military jet engines and components. It also provides avionics, electric
power, and mechanical systems for aircraft along with an extensive global
service network to support these products.

General Electric currently has a Zacks Rank #3 (Hold). Other companies in the
industry worth mentioning are Crane Co. (NYSE: CR) and Honeywell International
Inc. (NYSE: HON), each carrying a Zacks Rank #2 (Buy).

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