CHICAGO, Jan. 31, 2012 /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 Lexmark International Inc. (NYSE: LXK), Anheuser-Busch InBev (NYSE: BUD), Xerox Corp. (NYSE: XRX), Hewlett-Packard Co. (NYSE: HPQ) and Best Buy Co. (NYSE: BBY).
(Logo: http://photos.prnewswire.com/prnh/20101027/ZIRLOGO)
Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=5513
Here are highlights from Monday's Analyst Blog:
Lexmark Wins 5-Year MPS Deal
The leading printing and imaging solutions provider, Lexmark International Inc. (NYSE: LXK) won a 5-year contract from Anheuser-Busch, a wholly-owned subsidiary of renowned brewer Anheuser-Busch InBev (NYSE: BUD). Financial terms of the deal were not disclosed.
Per the contract terms, Lexmark will provide its Managed Printing Services (MPS) for managing the printing needs of the brewing giant. As part of the deal, Lexmark will deploy an identical fleet of printers across Anheuser-Busch locations in the United States, as well as Labatt Brewing Company sites in Canada. Labatt Brewing Company was acquired in 1995.
With Lexmark's technology, Anheuser-Busch will be able to keep its printing inventory updated and thereby order the exact amount of consumables required. Apart from managing the printing assets and their usages, Lexmark's MPS will provide critical information enabling the brewing company to make efficient decisions about printing requirements. Thus, Anheuser-Busch will be able to lower its operating costs.
As a new development in the printing business, MPS is attracting major industry players. Gartner sees this as the service provider's capability to take up the primary responsibility of meeting customers' office printing needs, including printing equipment, supplies, service and overall management. Moreover, the service helps to cut costs and reduce the time employees spend on print-related activities. Lexmark has entered into this business in a big way.
Lexmark operates in a highly competitive market. So there is a constant price war among major players such as Xerox Corp. (NYSE: XRX) and Hewlett-Packard Co. (NYSE: HPQ) to snatch market share from one another. The market is narrowing as digital technology and e-commerce are becoming more prevalent.
Lexmark reported lackluster third quarter results, with the bottom line missing our expectation. The company also provided an unimpressive revenue outlook for the fourth quarter. Though new products launched during the quarter could win back lost market share, their impact on results could still be some way off.
However, Lexmark may benefit from its retail presence as it sells through Best Buy Co. (NYSE: BBY) stores in the U.S.
Currently, Lexmark has a Zacks #3 Rank, implying a short-term Hold rating.
Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=5515.
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: http://at.zacks.com/?id=5517
About Zacks
Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leon Zacks. As a PhD from MIT Len knew he could find patterns in stock market data that would lead to superior investment results. Amongst his many accomplishments was the formation of his proprietary stock picking system; the Zacks Rank, which 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 at http://at.zacks.com/?id=5518.
Visit http://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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
Disclaimer: Past performance does not guarantee future results. Investors should always research companies and securities before making any investments. Nothing herein should be construed as an offer or solicitation to buy or sell any security.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
[email protected]
http://www.zacks.com
SOURCE Zacks Investment Research, Inc.
WANT YOUR COMPANY'S NEWS FEATURED ON PRNEWSWIRE.COM?
Newsrooms &
Influencers
Digital Media
Outlets
Journalists
Opted In
Share this article