MarketWise Declares Quarterly Dividend of $0.20 Per Share on Common Stock; Announces Special Dividend of $0.10 Per Share
GlobeNewswire· 2025-05-02 23:22
Core Points - MarketWise, Inc. declared a quarterly cash dividend of $0.20 per share for Class A common stock and a comparable distribution for MarketWise, LLC units [1] - A special dividend of $0.10 per share for Class A common stock was also announced, totaling approximately $0.3 million [2] - Both the regular and special dividends will be paid on June 25, 2025, with a Record Date of May 15, 2025 [2] Company Overview - MarketWise is a leading multi-brand digital subscription services platform focused on providing premium financial research, software, education, and tools for self-directed investors [3] - The company has over 25 years of operating history and serves millions of free and paid subscribers [4] - MarketWise operates as a 100% digital, direct-to-customer company, offering its research across various platforms including mobile, desktops, and tablets [4] - The company's vision is to become the leading financial solutions platform for self-directed investors [4]
Bitfarms Ltd. (BITF) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2025-05-02 23:15
Company Performance - Bitfarms Ltd. (BITF) ended the latest trading session at $1.02, reflecting a -0.97% change from the previous close, which lagged behind the S&P 500's daily gain of 1.47% [1] - Over the past month, shares of Bitfarms have increased by 25.44%, outperforming the Business Services sector's loss of 1.38% and the S&P 500's loss of 0.47% [1] Upcoming Financial Results - The upcoming financial results for Bitfarms are anticipated to show an EPS of -$0.04, indicating a 100% decline compared to the same quarter last year [2] - The Zacks Consensus Estimate projects net sales of $68.39 million, which represents a 35.91% increase from the year-ago period [2] Full Year Estimates - For the full year, analysts expect earnings of -$0.14 per share and revenue of $338.38 million, reflecting changes of 0% and +75.43% respectively from the previous year [3] Analyst Estimates and Outlook - Recent changes to analyst estimates for Bitfarms indicate evolving short-term business trends, with positive revisions seen as a favorable sign for the company's outlook [4] - The Zacks Rank system, which integrates estimate changes, currently assigns Bitfarms a rank of 3 (Hold) [6] Industry Context - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 82, placing it in the top 34% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Amazon Launch: The Reflection Unwritten Offers a Quiet, Powerful Mirror for Creatives Afraid to Begin
GlobeNewswire News Room· 2025-05-02 23:15
San Francisco, May 02, 2025 (GLOBE NEWSWIRE) -- San Francisco, California - Following the resonant debut of The Version Who Stayed, rising speculative fiction author Krispy returns with The Reflection Unwritten, the second novella in The Mirror Archive series. Available now on Amazon, this introspective, emotionally immersive tale invites readers to confront not the past—but the futures they've been too afraid to imagine. Continuing the quiet, lyrical storytelling that marked their first novel, Krispy brin ...
Apple Is Moving US iPhone Assembly to India Amid Tariff Turmoil
CNET· 2025-05-02 23:02
Core Viewpoint - Apple plans to source nearly all iPhones sold in the US from India, amounting to about 60 million units annually, in response to tariffs imposed by the Trump administration on China [1][2] Group 1: Manufacturing Strategy - The majority of iPhones sold in the US are expected to have India as their country of origin for the June quarter, with Vietnam being the source for most iPads, Macs, Apple Watches, and AirPods [2] - By relocating assembly to India, Apple aims to mitigate cost pressures from the trade war, although India may face new tariffs [3] - Apple's shift is part of a broader strategy that may involve increasing US component manufacturing, with plans to potentially double iPhone production capacity in India over the next two to three years [4] Group 2: Market Dynamics - Despite the shift, Apple will maintain a significant manufacturing presence in China, as 15% of its sales are expected to come from that market, and global iPhone manufacturing will still rely heavily on Chinese facilities [4] - The company is unlikely to move all iPhone production to the US due to cost constraints, but it may increase production of modems and internally designed processors in collaboration with Taiwan Semiconductor [4] Group 3: Competitive Landscape - Apple's move to increase manufacturing in India is not unprecedented, as competitors like Samsung, Oppo, Vivo, and Motorola have already established production in the country [7] - There are indications that Google may also shift production of its Pixel phone to India from Vietnam, highlighting a trend among tech companies to diversify manufacturing locations [7]
Fiverr International (FVRR) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2025-05-02 23:00
Company Performance - Fiverr International's stock closed at $26.55, reflecting a +1.65% increase compared to the previous day, outperforming the S&P 500's gain of 1.47% [1] - Over the past month, Fiverr's stock has risen by 11.43%, significantly surpassing the Retail-Wholesale sector's gain of 0.12% and the S&P 500's loss of 0.47% [1] Upcoming Financial Results - Fiverr International is set to announce its earnings on May 7, 2025, with projected earnings of $0.67 per share, indicating a year-over-year growth of 28.85% [2] - The consensus estimate for revenue is $105.53 million, representing a 12.84% increase compared to the same quarter of the previous year [2] Full Year Estimates - Analysts expect Fiverr to report earnings of $2.88 per share and revenue of $426.19 million for the full year, marking increases of +21.01% and +8.87% respectively from the previous year [3] Analyst Estimates and Outlook - Recent changes to analyst estimates for Fiverr suggest a favorable outlook on the company's business health and profitability [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Fiverr International at 3 (Hold) [6] Valuation Metrics - Fiverr International is trading with a Forward P/E ratio of 9.09, which is significantly lower than the industry average of 23.12, indicating it is trading at a discount [7] - The Internet - Commerce industry, part of the Retail-Wholesale sector, has a Zacks Industry Rank of 92, placing it in the top 38% of over 250 industries [7]
Air Industries (AIRI) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2025-05-02 23:00
Company Performance - Air Industries (AIRI) closed at $3.62, reflecting a -0.55% change from the previous day, underperforming the S&P 500's gain of 1.47% [1] - Over the past month, Air Industries' shares increased by 7.06%, outperforming the Aerospace sector's gain of 2.34% and the S&P 500's loss of 0.47% [1] Earnings Projections - The upcoming EPS for Air Industries is projected at -$0.04, indicating an 80.95% increase compared to the same quarter last year [2] - Revenue is expected to be $14 million, showing a 0.43% decline from the year-ago quarter [2] - For the full year, analysts expect earnings of -$0.23 per share and revenue of $57.05 million, representing changes of +43.9% and +3.52% respectively from last year [3] Analyst Estimates and Rankings - Recent changes to analyst estimates for Air Industries are crucial as they reflect short-term business trends, with positive revisions indicating a favorable business outlook [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Air Industries as 5 (Strong Sell), with a consensus EPS projection having moved 228.57% lower in the past 30 days [6] - The Aerospace - Defense industry has a Zacks Industry Rank of 146, placing it in the bottom 41% of over 250 industries, suggesting underperformance compared to higher-ranked industries [7]
Will Apple's Services Momentum Be Blunted by New Epic App Store Ruling?
PYMNTS.com· 2025-05-02 22:59
Core Viewpoint - A federal judge has ruled that Apple can no longer collect commissions on transactions occurring outside the App Store, which poses a significant challenge to its high-margin services business [1][6]. Financial Impact - The immediate financial impact of the ruling is uncertain, but it introduces risks to Apple's commission-based revenue model [2][9]. - Apple's services business reported record revenues of $26.6 billion, growing by 11.6%, although this growth has slowed from 14% in the previous quarter [3][4]. Business Model Changes - The ruling stems from a prior injunction related to the Epic Games lawsuit, which required Apple to allow third-party payment links, thus affecting its ability to charge a 30% commission [6][8]. - Apple estimated that the revenue impact of moving to a no-commission model could range from hundreds of millions to billions, depending on developer adoption rates [8]. Competitive Landscape - The ruling may enable companies like Epic and Spotify to attract Apple customers to transact directly, potentially diminishing Apple's revenue from the App Store [7][8]. - In 2022, App Store developer billings reached $1.1 trillion, with over 90% of that amount going to developers without any commission paid to Apple [8]. Ongoing Legal Challenges - Apple plans to appeal the ruling, indicating that the commission-based model is facing significant uncertainty moving forward [9].
Powell Industries (POWL) Ascends But Remains Behind Market: Some Facts to Note
ZACKS· 2025-05-02 22:50
Company Performance - Powell Industries (POWL) closed at $193.23, reflecting a +1.1% change from the previous trading day, which lagged behind the S&P 500's gain of 1.47% [1] - Over the past month, shares of Powell Industries have appreciated by 12.52%, outperforming the Industrial Products sector's loss of 1.14% and the S&P 500's loss of 0.47% [1] Upcoming Earnings - The upcoming earnings release for Powell Industries is scheduled for May 6, 2025, with an expected EPS of $3.34, indicating a 21.45% increase compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projecting net sales of $277.33 million, which is an 8.71% increase from the year-ago period [2] Full Year Projections - For the full year, the Zacks Consensus Estimates project earnings of $13.71 per share and revenue of $1.11 billion, reflecting changes of +11.55% and +9.6% respectively from the previous year [3] Analyst Estimates - Recent modifications to analyst estimates for Powell Industries indicate changing near-term business trends, with positive revisions suggesting optimism about the company's outlook [4] - The Zacks Rank system, which integrates estimate changes, currently ranks Powell Industries as 3 (Hold) [6] Valuation Metrics - Powell Industries is trading with a Forward P/E ratio of 13.95, compared to the industry average of 19.95, suggesting it is trading at a discount [7] - The company has a PEG ratio of 1, while the Manufacturing - Electronics industry has an average PEG ratio of 1.75 [8] Industry Context - The Manufacturing - Electronics industry, part of the Industrial Products sector, holds a Zacks Industry Rank of 44, placing it in the top 18% of over 250 industries [8] - The strength of individual industry groups is measured by the Zacks Industry Rank, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [9]
Vistra Corp. (VST) Increases Yet Falls Behind Market: What Investors Need to Know
ZACKS· 2025-05-02 22:50
Group 1: Company Performance - Vistra Corp. (VST) closed at $139.28, reflecting a +1.44% change from the previous session, which lagged behind the S&P 500's gain of 1.47% [1] - Over the past month, shares of Vistra Corp. have increased by 26.88%, significantly outperforming the Utilities sector's gain of 0.44% and the S&P 500's loss of 0.47% [1] Group 2: Earnings Expectations - Vistra Corp. is expected to report earnings on May 7, 2025, with an anticipated EPS of $0.54, representing a 134.78% increase compared to the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projected at $4.4 billion, which is a 44.14% increase from the previous year [2] Group 3: Full-Year Estimates - The full-year Zacks Consensus Estimates for Vistra Corp. indicate earnings of $5.72 per share and revenue of $21.25 billion, reflecting year-over-year changes of -18.29% for earnings and +23.35% for revenue [3] Group 4: Analyst Estimates and Market Sentiment - Recent modifications to analyst estimates for Vistra Corp. are important as they reflect the changing dynamics of short-term business patterns, with positive revisions indicating optimism about the company's outlook [4] - The Zacks Rank system, which evaluates estimate changes, currently ranks Vistra Corp. as 3 (Hold), with the EPS estimate having moved 0.45% lower over the past month [6] Group 5: Valuation Metrics - Vistra Corp. has a Forward P/E ratio of 24.01, which is a premium compared to its industry's Forward P/E of 18.35 [7] - The PEG ratio for Vistra Corp. is currently 2.26, while the average PEG ratio for the Utility - Electric Power industry is 2.69 [7] Group 6: Industry Context - The Utility - Electric Power industry, part of the broader Utilities sector, holds a Zacks Industry Rank of 30, placing it in the top 13% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]
Adma Biologics (ADMA) Increases Yet Falls Behind Market: What Investors Need to Know
ZACKS· 2025-05-02 22:50
Group 1 - Adma Biologics closed at $23.52, with a +1.07% change, underperforming the S&P 500's daily gain of 1.47% [1] - Over the past month, shares of Adma Biologics gained 19.64%, outperforming the Medical sector's loss of 2.95% and the S&P 500's loss of 0.47% [1] Group 2 - The upcoming earnings release on May 7, 2025, is expected to show an EPS of $0.16, a 100% increase from the same quarter last year, with projected net sales of $119.1 million, up 45.46% year-over-year [2] - For the full year, analysts expect earnings of $0.71 per share and revenue of $495.8 million, reflecting changes of +44.9% and +16.26% respectively from the previous year [3] Group 3 - Changes in analyst estimates for Adma Biologics are important as they reflect short-term business trends and analysts' confidence in the company's performance [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates that Adma Biologics currently holds a Zacks Rank of 2 (Buy) [6] Group 4 - Adma Biologics has a Forward P/E ratio of 32.78, which is a premium compared to the industry average Forward P/E of 17.32 [7] - The Medical - Biomedical and Genetics industry, which includes Adma Biologics, holds a Zacks Industry Rank of 84, placing it in the top 35% of over 250 industries [7]