Welcome!

Adobe Flex Authors: Matthew Lobas, PR.com Newswire, Shelly Palmer, Kevin Benedict

News Feed Item

The Zacks Analyst Blog Highlights: Wendy's, Accenture, Adobe Systems, Saks and Procter & Gamble

CHICAGO, July 11, 2013 /PRNewswire/ -- Zacks.com 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 The Wendy's Co. (Nasdaq:WEN-Free Report), Accenture plc (NYSE:ACN-Free Report), Adobe Systems Inc. (Nasdaq:ADBE-Free Report), Saks Inc. (NYSE:SKS-Free Report) and Procter & Gamble Co. (NYSE:PG-Free Report).

(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

Here are highlights from Wednesday's Analyst Blog:

Wendy's Upgraded to Strong Buy

On Jul 9, 2013, Zacks Investment Research upgraded The Wendy's Co. (Nasdaq:WEN-Free Report) to a Zacks Rank #1 (Strong Buy) based on its upbeat outlook for the upcoming quarters backed by menu innovation.

Why the Upgrade?

Wendy's has been gaining traction since the beginning of the year primarily buoyed by its 'Right Price, Right Size Menu' initiative. Wendy's is now all set for a national rollout of its new Pretzel Bacon Cheeseburger in the upcoming quarter. The product has received a favorable response in the test run and is expected to provide this fast food operator with a shot in the arm.

The company had to resort to a series of initiatives to trigger comps. Emphasis on value menu as well as premium limited period offerings are expected to drive results this quarter. Wendy's is also taking steps to streamline its cost structure. These include removal of its breakfast operations at certain companies and franchise restaurants to do away with unprofitable morning daypart operations. In the upcoming quarters, Wendy's will benefit from a reduction in beverage costs owing to new agreements with two of its beverage suppliers.

Management also raised its full year earnings per share guidance to reflect the net cost savings from debt refinancing that took place in May 2013. Its adjusted earnings per share are now expected to be within the range of 20–22 cents per share, up from the prior expectation of 18–20 cents per share. The new adjusted earnings per share range represent an 18%–29% year-over-year increase.

Despite a sluggish industry sales environment, the company's earnings were decent in the first quarter, beating the Zacks Consensus Estimate and the year-ago earnings by 50%. The restaurateur is expected to report its second-quarter earnings on Jul 23, 2013. The Zacks Consensus Estimate for the second quarter stands at 6 cents per share, which represents about 20% jump in earnings on year-over-year basis.

Accenture Completes Acquity Buy

Management technology outsourcing and consulting service provider, Accenture plc (NYSE:ACN-Free Report) recently completed the previously announced (May 20) acquisition of Hong Kong-based online marketing consultant, Acquity Group Ltd. for roughly $316.0 million in cash. The move is part of Accenture's efforts to bolster its digital marketing capabilities.

Founded in 2001, Acquity Group provides brand e-commerce and digital marketing services. It provides digital strategy services that include strategies to improve the brand identity of its clients on a digital platform and enhance their online presence. Its clientele includes industry leaders such as Adobe Systems Inc. (Nasdaq:ADBE-Free Report), Saks Inc. (NYSE:SKS-Free Report), Mine Safety Appliances Co. and Penske Automotive Group Inc.

Acquity Group's intellectual properties will join Accenture Interactive platform, which is the company's marketing-services arm. Accenture Interactive was formed in 2009 -- in association with its client Procter & Gamble Co. (NYSE:PG-Free Report) -- in order to deliver superior consulting, technology and analytics services mainly to chief marketing officers (CMOs).

Competent marketing is the key to success for every organization. Marketing and digital executives of a company are responsible for developing digital marketing campaigns, marketing contents, e-commerce and marketing operations. Accenture Interactive is a well-integrated platform that helps CMOs devise marketing strategies and derive higher ROI (return on investment) from it.

Apart from Acquity, Accenture completed the acquisition of U.K.-based design agency Fjord (in May) and digital production services vendor avVenta Worldwide (in Oct 2012) to enhance its interactive platform. This will enable Accenture to address the critical needs of CMOs while digitizing their marketing plans.

According to U.S.-based IT research firm Gartner Inc., firms generally spend 2.5% of their revenues on digital marketing and the spending is expected to go up by roughly 9.0% in 2013. One more important statistics from Gartner is that around 50.0% of digital marketing activities get outsourced.

Considering the growing need for digital marketing, we expect Accenture's investments in its digital and marketing capabilities to pay off soon.

We are encouraged by Accenture's strategy of growing through acquisitions. However, increasing competition from IBM Corp., a strained spending environment and Accenture's broad European exposure (roughly 40.0%) may temper its growth prospects to some extent.

Currently, Accenture has a Zacks Rank #3 (Hold).

Today, Zacks is promoting its ''Buy'' stock recommendations. Get #1Stock of the Day pick for free.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Zacks "Profit from the Pros" e-mail newsletter provides highlights of the latest analysis from Zacks Equity Research. Subscribe to this free newsletter today.

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978. The later formation of the Zacks Rank, a proprietary stock picking system; continues to outperform the market by nearly a 3 to 1 margin. The best way to unlock the profitable stock recommendations and market insights of Zacks Investment Research is through our free daily email newsletter; Profit from the Pros.  In short, it's your steady flow of Profitable ideas GUARANTEED to be worth your time! Register for your free subscription to Profit from the Pros.

Get the full Report on WEN - FREE
Get the full Report on ACN - FREE
Get the full Report on ADBE - FREE
Get the full Report on SKS - FREE
Get the full Report on PG - FREE

Follow us on Twitter: http://twitter.com/zacksresearch

Join us on Facebook: http://www.facebook.com/home.php#/pages/Zacks-Investment-Research/57553657748?ref=ts

Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.

Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
[email protected] 
http://www.zacks.com

Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.

SOURCE Zacks Investment Research, Inc.

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

IoT & Smart Cities Stories
Dion Hinchcliffe is an internationally recognized digital expert, bestselling book author, frequent keynote speaker, analyst, futurist, and transformation expert based in Washington, DC. He is currently Chief Strategy Officer at the industry-leading digital strategy and online community solutions firm, 7Summits.
Digital Transformation is much more than a buzzword. The radical shift to digital mechanisms for almost every process is evident across all industries and verticals. This is often especially true in financial services, where the legacy environment is many times unable to keep up with the rapidly shifting demands of the consumer. The constant pressure to provide complete, omnichannel delivery of customer-facing solutions to meet both regulatory and customer demands is putting enormous pressure on...
IoT is rapidly becoming mainstream as more and more investments are made into the platforms and technology. As this movement continues to expand and gain momentum it creates a massive wall of noise that can be difficult to sift through. Unfortunately, this inevitably makes IoT less approachable for people to get started with and can hamper efforts to integrate this key technology into your own portfolio. There are so many connected products already in place today with many hundreds more on the h...
The standardization of container runtimes and images has sparked the creation of an almost overwhelming number of new open source projects that build on and otherwise work with these specifications. Of course, there's Kubernetes, which orchestrates and manages collections of containers. It was one of the first and best-known examples of projects that make containers truly useful for production use. However, more recently, the container ecosystem has truly exploded. A service mesh like Istio addr...
Digital Transformation: Preparing Cloud & IoT Security for the Age of Artificial Intelligence. As automation and artificial intelligence (AI) power solution development and delivery, many businesses need to build backend cloud capabilities. Well-poised organizations, marketing smart devices with AI and BlockChain capabilities prepare to refine compliance and regulatory capabilities in 2018. Volumes of health, financial, technical and privacy data, along with tightening compliance requirements by...
Charles Araujo is an industry analyst, internationally recognized authority on the Digital Enterprise and author of The Quantum Age of IT: Why Everything You Know About IT is About to Change. As Principal Analyst with Intellyx, he writes, speaks and advises organizations on how to navigate through this time of disruption. He is also the founder of The Institute for Digital Transformation and a sought after keynote speaker. He has been a regular contributor to both InformationWeek and CIO Insight...
Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life settlement products to hedge funds and investment banks. After, he co-founded a revenue cycle management company where he learned about Bitcoin and eventually Ethereal. Andrew's role at ConsenSys Enterprise is a mul...
To Really Work for Enterprises, MultiCloud Adoption Requires Far Better and Inclusive Cloud Monitoring and Cost Management … But How? Overwhelmingly, even as enterprises have adopted cloud computing and are expanding to multi-cloud computing, IT leaders remain concerned about how to monitor, manage and control costs across hybrid and multi-cloud deployments. It’s clear that traditional IT monitoring and management approaches, designed after all for on-premises data centers, are falling short in ...
In his general session at 19th Cloud Expo, Manish Dixit, VP of Product and Engineering at Dice, discussed how Dice leverages data insights and tools to help both tech professionals and recruiters better understand how skills relate to each other and which skills are in high demand using interactive visualizations and salary indicator tools to maximize earning potential. Manish Dixit is VP of Product and Engineering at Dice. As the leader of the Product, Engineering and Data Sciences team at D...
Dynatrace is an application performance management software company with products for the information technology departments and digital business owners of medium and large businesses. Building the Future of Monitoring with Artificial Intelligence. Today we can collect lots and lots of performance data. We build beautiful dashboards and even have fancy query languages to access and transform the data. Still performance data is a secret language only a couple of people understand. The more busine...