NEW YORK, February 16, 2015 /PRNewswire/ --
Editor Note: For more information about this release, please scroll to bottom.
Moments ago, Analysts Review released new research updates concerning several important developing situations including Groupon (NASDAQ: GRPN), King Digital (NYSE: KING), HubSpot (NYSE: HUBS), JMP Group (NYSE: JMP), and ArcelorMittal (NYSE: MT). Analysts Review provides a single unified platform for investors' to hear about what matters - proudly employing registered CFA® research staff and rigorous compliance procedures. The full research reports are being made available to the public for informational purposes only.
To access our full PDF reports on a complementary basis, please visit the links below.
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Today's update concerns the following companies:
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Full PDF Download Links (you may have to copy and paste the following links into your browser):
GRPN Research Report: ( http://get.analystsreview.com/pdf/?c=Groupon&d=16-Feb-2015&s=GRPN ).
KING Research Report: ( http://get.analystsreview.com/pdf/?c=King%20Digital&d=16-Feb-2015&s=KING ),
HUBS Research Report: ( http://get.analystsreview.com/pdf/?c=HubSpot&d=16-Feb-2015&s=HUBS ),
JMP Research Report: ( http://get.analystsreview.com/pdf/?c=JMP%20Group&d=16-Feb-2015&s=JMP ),
MT Research Report: ( http://get.analystsreview.com/pdf/?c=ArcelorMittal&d=16-Feb-2015&s=MT ).
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Analyst Update: Financial Results, Debt Reductions, and Analyst Upgrades
Reviewed by: Rohit Tuli, CFA®
The U.S. stocks closed higher on Friday with S&P 500 hitting an intraday record and the Dow Jones Industrial Average reaching its highest point so far this year. The Dow industrials added 46.97 points, or 0.26%, to 18019.35. The S&P 500 rose 8.51 points, or 0.41%, to 2096.99, and the Nasdaq Composite gained 36.22 points, or 0.75%, to 4893.84. The markets got a boost on hopes of a deal between Greece and its creditors. The continued redound in oil prices as well as strong economic data out of Europe also helped the markets in the rally. European markets also rose, driven by the Friday release of German data that showed the country's economy had grown in 2014's fourth quarter at a better-than-expected rate. Asia stocks mostly closed higher on Friday, following a global advance overnight, supported by reports of a new cease-fire agreement between Russia and Ukraine, Sweden's surprise move to cut its main rate into negative territory, and Greece agreeing to talks over its debt problems.
Groupon Inc (Groupon) rallied 6.84% on Friday on strong volume after reporting better-than-expected results for the fourth quarter 2014 on the previous day. Revenue increased 20% YoY to $925.4 million in the fourth quarter 2014, higher than analysts' estimates of $908.38 million. Adjusted earnings per share of $0.06 for the quarter also came above analysts' forecast of $0.03 per share. To read more on the quarterly performance of the e-commerce giant, visit our research report on Groupon.
Shares of King Digital Entertainment plc (King Digital) ended Friday's trading session at $16.70 on volume of 15.16 million shares, up 13.30%, following reports of better than expected gross bookings numbers in Q4 2014, which were released after the market hours a day before. The Company's gross bookings, an indicator of future revenue, increased 20.3% YoY to $2.4 billion in 2014 led by strong performance of the franchises. Continue reading about King Digital's fourth quarter and full-year 2014 performance in our research report.
Shares of internet marketing software developer HubSpot, Inc. has been gaining momentum ever since it came out with its fourth quarter earnings, followed by an upgrade by analysts at JPMorgan Chase & Co. The Company's rating was increased from "neutral" to "overweight" and price target was raised to $41.0, from the previous target price of $36.0. The stock opened up sharply on February 12, after the results and upgrade announcement, and has gained 25.8% in two days, ending at $43.29 on last close, February 13. Why was the Company Upgraded? To Know more, read our research report on Hubspot Inc.
JMP Group LLC (JMP Group) shares gained 3.90% and closed the session at $7.73, on February 13, 2015, the day its Q4 2014 earnings results beat market expectations. Net income attributable to JMP Group on a GAAP basis was $4.9 million, or $0.21 per diluted share, compared to $3.5 million, or $0.16 per share, for Q4 2013. Know more about JMP Group's financial and operational performance in our research report.
ADR's of ArcelorMittal SA(ArcelorMittal) the world's largest steel producer rose 7.07% on Friday to close at $11.20 supported by strong volumes, after the Company in its 2014 earnings announced it had reduced its net debt to lowest levels since the onset of the economic crisis. The Company also narrowed its 2014 net loss to $1.1 billion from $2.5 billion in 2013. Continue reading about ArcelorMittal full-year 2014 performance in our research report.
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Editor Note: This is not company news. We are an independent source and our views do not reflect the companies mentioned.
Compliance Procedure: Content is researched, written and reviewed on a best-effort basis. This document, article or report is prepared and authored by Analysts Review, represented by Rohit Tuli, CFA®. An outsourced research services provider has only reviewed the information provided by Analysts Review in this article or report according to the procedures outlined by Analysts Review. Analysts Review is not entitled to veto or interfere in the application of such procedures by the outsourced provider to the articles, documents or reports, as the case may be.
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