Friday, June 17, 2022
Zacks Research Daily features top research results from our team of analysts. Today’s Research Daily features new research reports on 16 major stocks, including Pfizer Inc. (PFE), Booking Holdings Inc. (BKNG) and Dominion Energy, Inc. (D). These research reports have been handpicked from the approximately 70 reports published today by our team of analysts.
You can see all research reports from today here >>>
Pfizer Shares have outperformed the industry Zacks Large Cap Pharmaceuticals over the past year (+27.6% vs. +14.0%), reflecting the company’s diverse portfolio of innovative drugs and vaccines, including Ibrance and Prevnar . The Zacks analyst believes that no company is as strongly positioned in the COVID vaccine/treatment market as Pfizer at present. Its COVID-19 vaccine has become a key revenue contributor.
The vaccine combined with Pfizer’s promising oral antiviral pill for COVID-19, Paxlovid, is expected to generate combined sales of $54 billion in 2022. Pfizer has a sustainable pipeline with several late-stage programs that can stimulate growth.
However, currency headwinds and pricing pressure are the main revenue headwinds. Concerns remain about long-term growth drivers beyond its COVID-related products due to competitive pressure.
(You can read the full research report on Pfizer here >>>)
Reservation Shares are down -15.6% over the past year against Zacks Internet – Commerce’s -48.7% industry decline due to steadily improving booking trends. That said, the Zacks analyst sees uncertainty over the economic outlook and the ongoing coronavirus pandemic as a headwind.
In addition, the company is experiencing strong momentum in international regions, which is positive. In addition, the strong growth in rental cars, air ticket units and booked nights is another positive element. That aside, the strong momentum in agency, merchant, advertising, and other businesses is contributing well. The ongoing vaccination campaign and the lifting of travel restrictions in many parts of the world remain major tailwinds. In addition, the strengthening of alternative accommodation activities and flight capacities is a major asset.
(You can read the full research report on Booking here >>>)
Dominion Energy shares have slightly outperformed industry Zacks Utility – Electric Power over the past year (+1.9% vs. +1.6%). The company’s planned investment will strengthen electricity and natural gas infrastructure and ensure consistent high-quality services for customers. The contribution of organic and inorganic assets will increase its income. The divestiture of gas transmission and storage operations will increase Dominion Energy’s focus on regulated operations. New clean energy projects will help it achieve carbon neutrality by 2050. The company has enough cash to meet its obligations. Over the past six months, Dominion shares have outperformed the industry.
However, Dominion Energy’s decision to shut down the Atlantic Coast Pipeline after investing billions of dollars will affect the long-term outlook. Risks related to the operation of nuclear power plants and any failure of third-party producers in gas supply could affect profitability.
(You can read the full research report on Dominion Energy here >>>)
Other noteworthy reports we feature today include TotalEnergies SE (TTE), Marriott International, Inc. (MAR) and Nutrien Ltd. (NTR).
Director of Research
Note: Sheraz Mian leads the equity research department at Zacks and is a well-known expert on overall earnings. He is frequently quoted in the written and electronic press and publishes the weekly Earnings Trends and Revenue overview reports. If you would like to receive an email notification whenever Sheraz publishes a new article, please click here>>>