Aptiv (APTV; $61.27; E/W) reported adjusted Q4 EPS of $1.75, which beat our $1.59 and the Street’s $1.65 on sales of $4,907mm (vs. our $4,844mm and the Street’s $4,904mm). Recall, APTV previously disclosed it expected…
We bump up our 2025E EBITDA for Uber Technologies (UBER; $64.48; O/P) from $8.25B to $8.33B (+28% YoY vs. +60% in 2024 and +137% in 2023), which now assumes free cash flows (FCF) of $8B…
Uber Technologies (UBER; $69.75; O/P) posted Q4 adjusted EBITDA of $1,842mm (4.2% of gross bookings), which was slightly ahead of our forecast of $1,833mm (4.2% of gross bookings) and in line with the Street’s $1,842mm…
This morning, Jabil (JBL; $160.29; O/P) announced what we assume is a relatively small acquisition that we think can prove highly strategic for the company’s broadening outsourcing ambitions across healthcare markets (15-20% of sales). Specifically,…
We expect no major changes to our 2025E EPS for Amkor Technology (AMKR; $24.12; E/W) after its Q4 results and outlook next Monday (2/10 after market). We think EPS season so far added more signs…
We are raising 2025/2026E EPS for Amphenol (APH; $70.29; E/W) from $2.20/$2.40 to $2.26/$2.50 after management announced it completed this previously disclosed acquisition, for $2.1B in cash, of CommScope’s (COMM; $4.99; E/W) Outdoor Wireless Networks…
We reiterate our Outperform on the shares of Lyft (LYFT; $13.52) ahead of its Q4 results and outlook, scheduled for Tuesday, February 11th (after market). The stock is still down 27% since 11/11/24 and at…
We are lowering our 2025E sales and operating profits for Mobileye Global (MBLY; $16.31; E/W) from $1,900mm and $316mm (16.6% of sales) to $1,750mm (+6% YoY) and $217mm (12.4% of sales) as we also cut…
We reiterate our Outperform and bump our target to $140 on the shares of Celestica (CLS; $114.15) after the company’s robust Q4 “beat and raise” and disclosed a couple of major new program wins enabled…
We are reducing our F2025/F2026E (Mar) EPS for Western Digital (WDC; $65.78; O/P) from $6.15/$7.05 to $5.65/$6.55 to consider the details behind the previously pre-announced FQ2 (Dec) results with FQ3E (Mar) guidance that suggested more…
We raise our rating on the shares of Benchmark Electronics (BHE; $43.64) from Equal-Weight to Outperform after this small cap EMS provider produced a Q4 beat, albeit with somewhat “mixed” guidance to start the year….
Mobileye Global (MBLY; $16.01; E/W) reported Q4 adjusted EPS of $0.13, which was ahead of our $0.10 and the Street’s $0.11 on sales of $490mm (-23% YoY and +1% QoQ) vs. our $486mm and the…
We reiterate our Outperform and $60 target on the shares of Corning (GLW; $49.80) after the company delivered a solid Q4 “beat and raise” while advertising that its risk adjusted “Springboard Framework” goals for 2026E…
We reiterate our Outperform and $50 target on Flex (FLEX; $41.51) as we bump up our F2025/F2026E (Mar) EPS from $2.45/$2.75 to $2.62/$2.85 after the company produced a healthy FQ3 (Dec) “beat and raise” that…
Celestica (CLS; $100.49; O/P) reported Q4 non-IFRS EPS of $1.11, which beat our $1.04 and the Street’s $1.05 on sales of $2,546mm (vs. our $2,500mm and the Street’s $2,530mm). Recall, CLS’ Q4 outlook called for…