Zacks Analyst Blog Highlights: InterDigital, Inc., Nokia Corp., Delphi Financial Group, Inc., Gerdau S.A. and Greenfield Online, Inc.

CHICAGO--(BUSINESS WIRE)--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: InterDigital, Inc. (Nasdaq: IDCC), Nokia Corp. (NYSE: NOK), Delphi Financial Group, Inc. (NYSE: DFG), Gerdau S.A. (NYSE: GGB) and Greenfield Online, Inc. (Nasdaq: SRVY).

Get the most recent insight from Zacks Equity Research with the free Profit from the Pros newsletter: http://at.zacks.com/?id=4579

Here are highlights from Wednesday’s Analyst Blog:

InterDigital at a High Multiple

We maintain our Hold rating and the same valuation target for InterDigital, Inc. (Nasdaq: IDCC), a leading wireless technology and licensing company, following mixed financial results of its second quarter 2008. Although revenue was slightly better than our estimates, net income was impacted due to an increase in patent administration and licensing costs.

The management indicated that operating expenses will also increase due to new product development. Furthermore, we believe that ongoing royalty related litigation with Samsung and Nokia Corp. (NYSE: NOK) will determine near-term stock price movement.

Delphi Financial Misses Slightly

We maintain our Hold rating on the shares of Delphi Financial Group, Inc. (NYSE: DFG), a holding company whose subsidiaries provide non-medical insurance products and services.

The company’s second-quarter operating results missed our expectations by seven cents, mainly due to disappointing investment results. While the earnings were depressed for 2Q08 due to lower net investment income, Delphi’s premiums and fee income has been broadening over the last few quarters.

Gerdau a Brazilian Value Buy

We are keeping our Buy recommendation on Gerdau S.A. (NYSE: GGB). The company has been posting good results, and the second quarter 2008 results were excellent. Moreover, high steel prices, the continued high demand for steel in China, the good economic environment in Brazil, and the company’s continued acquisitions of smaller steel producers creates a positive environment for Gerdau.

However, the international economic environment for commodity stocks is deteriorating due to high inflation and interest rates throughout the world and a possible recession in the U.S. Nevertheless we still have a positive outlook for Gerdau, mainly considering its attractive valuation.

SRVY Offers Few Surprises

We continue to rate shares of Greenfield Online, Inc. (Nasdaq: SRVY) a Hold. We have maintained our 2008 revenue estimate at $150 million, and we have reduced our earnings per share estimate to $0.46 per share, from our previous $0.48 estimate.

This is because of break-even earnings in the first quarter and weaker than expected earnings in the second quarter, the end of the year guided gross margin of 75%-76% for 2008 and effective tax rate of 25%-27% for 2008. Currently, Greenfield Online is trading at 36.3x our 2008 EPS estimate of $0.46, and 23.5x our 2009 EPS estimate of $0.71.

Want more from Zacks Equity Research? Subscribe to the free Profit from the Pros newsletter: http://at.zacks.com/?id=2649.

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=2677

About Zacks

Zacks.com is a property of Zacks Investment Research, Inc., which was formed in 1978 by Leonard Zacks. As a PhD in mathematics 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=4580.

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

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.