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The Zacks Analyst Blog Highlights Deere, Starbucks, SAP, Mondelez International and Intuitive Surgical

For Immediate Release

Chicago, IL – September 21, 2022 – 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: Deere & Co. DE, Starbucks Corp. SBUX, SAP SE SAP, Mondelez International, Inc. MDLZ and Intuitive Surgical, Inc. ISRG.

Here are highlights from Tuesday’s Analyst Blog:

Top Research Reports for Deere & Co., Starbucks and SAP

The Zacks Research Daily presents the best research output of our analyst team. Today's Research Daily features new research reports on 16 major stocks, including Deere & Co., Starbucks Corp. and SAP SE. These research reports have been hand-picked from the roughly 70 reports published by our analyst team today.

You can see all of today’s research reports here >>>

Deere & Company’s shares have outperformed the Zacks Manufacturing - Farm Equipment industry over the past year (+7.7% vs. +5.2%). The rally in commodity prices will continue to fuel agricultural equipment demand, encouraging farmers to boost spending on new farm equipment.

Replacement demand to upgrade old equipment will support Deere's top-line results in fiscal 2022. Demand for farm and construction equipment will continue to be supported by positive fundamentals, including favorable crop prices and increased infrastructure spending in fiscal 2022. Focus on investing in new products equipped with the latest technology will make farming automated, which will drive Deere's growth.

However, higher material and labor costs will dent margins while uncertainty related to the pandemic remains a concern. Deere’s earnings estimates for the fiscal 2022 have thus undergone downward revisions lately.

(You can read the full research report on Deere & Company here >>>)

Starbucks shares have declined -17.9% over the past year against the Zacks Retail - Restaurants industry’s decline of -11.5%. The company’s performance continues to be negatively impacted by dismal China results, higher-than-expected inflationary pressures, increased costs and a tight labor market.

The company believes that performance will be under massive pressure for the rest of the year. The company has suspended guidance for the fourth quarter. However, on a year-over-year basis, earnings declined but revenues improved, given higher U.S. comparable sales.

Starbucks has been benefiting from operating fundamentals such as a solid global footprint, successful innovations and digital offerings. North America comps continue to impress investors.

(You can read the full research report on Starbucks here >>>)

SAP’s shares have declined -40.6% over the past year against the Zacks Computer - Software industry’s decline of -24.2% on the back of a challenging operating environment in Europe. The company lowered full-year operating profit guidance due to the €350-million negative impact from the war in Ukraine and expectations of a continued decline in software licenses revenue.

Stiff competition and increasing costs to enhance cloud-based offerings is likely to exert pressure on the company’s profitability in the near term. Nevertheless, SAP’s performance is gaining from continued strength in its cloud business, especially the new Rise with SAP solution.

Momentum in SAP’s Business Process Intelligence platform, particularly the S/4HANA solutions along with healthy traction witnessed in SuccessFactors Employee Central, Ariba and Fieldglass, Qualtrics and other cloud-based offerings is noteworthy. The company also announced an additional share buyback plan.

(You can read the full research report on SAP here >>>)

Other noteworthy reports we are featuring today include Mondelez International, Inc. and Intuitive Surgical, Inc.

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Zacks Investment Research

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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 https://www.zacks.com/performance for information about the performance numbers displayed in this press release.


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Starbucks Corporation (SBUX) : Free Stock Analysis Report
 
Intuitive Surgical, Inc. (ISRG) : Free Stock Analysis Report
 
Deere & Company (DE) : Free Stock Analysis Report
 
SAP SE (SAP) : Free Stock Analysis Report
 
Mondelez International, Inc. (MDLZ) : Free Stock Analysis Report
 
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