Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month.
Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success.
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Make sure to utilize our NortonLifeLock doesn't appear a compelling earnings-beat candidate. Deal Adds to Realized Proceeds from Sale of Underutilized Assets NortonLifeLock (NASDAQ: NLOK), a global leader in consumer Cyber Safety, today announced it has finalized the sale of its Culver City, California campus with Northwood Investors for $120 million. NASDAQ data is at least 15 minutes delayed. Our research shows that stocks with this combination produce Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.33% per year. These returns cover a period from January 1, 1988 through July 6, 2020. Reports are indicating that there were more than several insider trading activities at NortonLifeLock Inc. (NLOK), starting from Feld Peter A, who sold 10,900,195 shares at the price of $20.97 back on Jun 08. This includes personalizing content and advertising. The monthly returns are then compounded to arrive at the annual return. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).For NortonLifeLock, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. All information is required.As an alternative to using this form, you can send us your name and zacks account email with your request to privacy@zacks.com.We'll send a verification email to the email address you provided. Get prepared with the key expectations. Inside Nortonlifelock Inc.'s 10-K Annual Report: Other - Other Highlight.
Please wait while we load the requested 10-K report or click the link below:An accounting policy is deemed to be critical if it requires an accounting estimate to be made based on assumptions about matters that are highly uncertain at the time the estimate is made, if different estimates reasonably could have been used, or if changes in the estimate that are reasonably possible could materially impact the financial statements.In addition, increases in tax expense in fiscal 2019 are attributable to the valuation allowance on capital losses for which we cannot yet recognize a tax benefit.Stock repurchases - Under our stock repurchase program, we may purchase shares of our outstanding common stock through accelerated stock repurchase transactions, open market transactions (including through trading plans intended to qualify under Rule 10b5-1 under the Exchange Act,) and privately-negotiated transactions.Cash, cash equivalents and short-term investments increased $220 million compared to March 29, 2019, primarily due to cash proceeds from the divestitures described above, largely offset by payments of quarterly and special dividends, stock repurchases, and net cash used in operating activities.Research and development expense decreased $92 million primarily due to a $77 million decrease in compensation expense and allocated corporate costs, and a $23 million decrease in outside services, reflecting our cost reduction initiatives.Sales and marketing expense decreased...The following table provides our...General and administrative expense decreased...While we continue to monitor...Income from discontinued operations in...Restructuring, transition and other costs...Interest expense decreased $48 million...This resulted in less in-period...Changes in operating assets and...Contract liabilities increased $17 million...In January 2020, we completed...Income from discontinued operations increased...(3) These amounts are associated...Accrued compensation and benefits decreased...Contract liabilities increased $196 million,...Amortization of intangible assets decreased...Americas revenues as a percentage...Net revenues decreased $103 million...Critical estimates in valuing intangible...We have historically relied on...Our principal cash requirements are...The allocation of purchase price...Changes in operating assets and...Operating income increased $197 million...The table above also includes...Net revenues increased $34 million...We believe the adjustment is...Our cash flows from investing...Under our restructuring plans approved...The amounts under such contracts...Should any of these estimates...In connection with the transaction,...Contract liabilities decreased $121 million,...Loading SEC Filing Financial Summary...Nortonlifelock Inc. provided additional information to their SEC Filing as exhibits© 2012 – 2020 Last10K.com All Rights Reserved
This insight is at the core of our proprietary surprise prediction model -- the Zacks The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Wall Street expects a year-over-year decline in earnings on lower revenues when NortonLifeLock (The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on August 6. Each of the company logos represented herein are trademarks of Verizon Media; Microsoft Corporation; Nasdaq, Inc.; Dow Jones & Company; Forbes Media, LLC; Investor's Business Daily, Inc.; and Morningstar, Inc.Copyright 2020 Zacks Investment Research At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #2.So, this combination makes it difficult to conclusively predict that NortonLifeLock will beat the consensus EPS estimate.Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. On the other hand, if they miss, the stock may move lower.While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.This security software maker is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of -51.2%.Revenues are expected to be $598.80 million, down 52.1% from the year-ago quarter.The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. After this action, Rushing now owns 302,572 shares of NortonLifeLock Inc., valued at $228,577,089 with the latest closing price.