Updated: Jan 26
Foxconn Technology Group (Hon Hai Precision Industry) is expected to see extra momentum in the first quarter of 2021 thanks to Apple increasing orders for the iPhone 12 Pro series, according to some market observers.
The bill of materials for the latest iPhones has increased significantly due to 5G feature and a better screen.
Analysts forecast that Ashford Hospitality Trust, Inc. (NYSE:AHT) will announce sales of $114.76 million for the current fiscal quarter, Zacks reports. Four analysts have issued estimates for Ashford Hospitality Trust’s earnings, with the highest sales estimate coming in at $153.25 million and the lowest estimate coming in at $97.00 million. Ashford Hospitality Trust posted sales of $354.66 million during the same quarter last year, which would indicate a negative year over year growth rate of 67.6%. The business is expected to announce its next quarterly earnings results on Tuesday, February 23rd.
Equities research analysts expect that fuboTV Inc. (NYSE:FUBO) will report sales of $97.20 million for the current fiscal quarter, Zacks Investment Research reports.
On average, analysts expect that fuboTV will report full year sales of $251.95 million for the current fiscal year, with estimates ranging from $241.35 million to $260.20 million. For the next fiscal year, analysts anticipate that the business will report sales of $446.31 million, with estimates ranging from $435.19 million to $463.10 million.
Several equities research analysts have recently issued reports on the company. Zacks Investment Research raised Taiwan Semiconductor Manufacturing from a “hold” rating to a “buy” rating and set a $126.00 target price for the company in a research report on Thursday, January 7th. Sanford C.
Bernstein raised Taiwan Semiconductor Manufacturing from a “market perform” rating to an “outperform” rating and set a $149.00 target price for the company in a research report on Tuesday, January 12th. One equities research analyst has rated the stock with a sell rating and seven have given a buy rating to the company.
Taiwan Semiconductor Manufacturing has a consensus rating of “Buy” and a consensus price target of $105.00.
Buffett-Backed Electric-Vehicle Maker BYD Raises Almost $4 Billion.
Other growing Chinese EV companies, including NIO (NYSE:NIO) and XPeng (NYSE:XPEV), have also recently raised fresh capital as stock prices have soared. XPeng raised almost $2.5 billion last month, while NIO has added more than $4.5 billion to its balance sheet since December in two separate offerings.
Chinese EV makers are raising money to increase production capacity as China aims to produce 5 million EVs by 2025, compared to about 1.1 million in 2020.
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