Bull Of The Day: Maxar Technologies (MAXR) – October 9, 2019

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Maxar Technologies (MAXR Free Report) is a Zacks Rank #1 (Strong Buy) and has some really strong style scores.  This is the type of stock that I love to profile as it has come in from recent highs and looks to launch back to that level and beyond.  Let’s review why this stock is a Zacks Rank #1 (Strong Buy) in this Bull of the Day article

Description

Maxar Technologies Inc. provides space technology solutions. The company engages in developing and sustaining the infrastructure and delivering the information, services, systems of space for commercial and government markets. It offers vertically integrated capabilities and expertise including satellites, Earth imagery, robotics, geospatial data and analytics. The company’s portfolio of commercial space brands includes MDA, SSL, DigitalGlobe and Radiant Solutions. Maxar Technologies Inc. is based in Westminster, United States.

Earnings History

The Zacks data set does not have an estimate for one of the last four quarters, so we have one beat and two misses over the last four quarters… with that one NA.  The thing to key on is the most recent beat.

The company reported ESP of $0.24 when $0.05 was expected.  That is a beat of $0.19 or 380% better than expectations.  That type of beat has a way of waking up the analyst community.

Estimates

Despite that big beat, the estimates for this quarter and next have held still.

As I look out to the full year numbers, I see the loss decreasing from $2.11 to $1.51, so we like to see that.

For next year I see the loss moving from $2.42 to $1.47 — and that is a huge move in the right direction.

Valuation

Since there are no earnings, we have to rely on the other metrics to tell the valuation story.  I see a 0.6x price to book, and that alone should make the value oriented investors start to salivate.  A 0.23x price to sales multiple is a lot lower than I would like to see, but that can change quickly with a solid earnings report.

Chart

 

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2019-10-09 11:04:00

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