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One stock that might be an intriguing choice for investors right now is The Bank of New York Mellon Corporation (BK - Free Report) . This is because this security in the Banks - Major Regional space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Banks - Major Regional space as it currently has a Zacks Industry Rank of 31 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Bank of New York Mellon is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
In fact, over the past month, current quarter estimates have surged from $1.08 per share to $1.17 per share, while current year estimates have risen from $4.95 per share to $5.16 per share. This has helped BK to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position You can see the complete list of today’s Zacks #1 Rank stocks here.
So, if you are looking for a decent pick in a strong industry, consider Bank of New York Mellon. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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https://www.zacks.com/stock/news/2216057/why-bank-of-new-york-mellon-bk-stock-might-be-a-great-pick
| 2024-01-26T00:09:58Z
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Teradyne (TER - Free Report) is scheduled to report its fourth-quarter 2023 results on Jan 30.
For the fourth quarter, TER expects revenues between $640 million and $700 million. The Zacks Consensus Estimate for sales is pegged at $676.37 million, indicating a decline of 7.58% from the year-ago quarter’s reported value.
Teradyne anticipates non-GAAP earnings between 61 cents and 81 cents. The consensus mark for earnings is pegged at 72 cents, up by a penny in the past 30 days but indicating a 21.74% decline year over year.
TER’s earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, the average being 21.52%.
Let’s see how things have shaped up for the upcoming announcement.
Factors at Play
Teradyne is expected to have gained from the increasing demand in the robotic segment. The incorporation of UR20 revenues is expected to have driven a 10% year-over-year revenue growth in the to-be-reported quarter.
Teradyne is anticipated to have benefited from improving demand for semiconductor test equipment in the automotive and industrial end markets.
Additionally, the broader adoption of 3-nanometer technology in the mobility sector and robust demand in the automotive industry's shift from internal combustion to electric vehicles are expected to have been favorable factors in the quarter under discussion.
In memory tests, growth of DDR5 and HBM devices used in data center applications to bolster retooling capabilities is expected to have contributed to its top-line growth in the to-be-reported quarter.
However, the overall weak demand environment and weakness in the hard disk drive (HDD) market are expected to have been headwinds for the company.
What Our Model Says
According to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.
Teradyne has an Earnings ESP of 0.00% and carries a Zacks Rank #4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Meta Platform (META - Free Report) has an Earnings ESP of +1.46% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Meta Platform is set to announce fourth-quarter 2023 results on Feb 1. META’s shares are up 30.9% in the past six months.
Twilio (TWLO - Free Report) has an Earnings ESP of +31.37% and a Zacks Rank #2.
Twilo is set to announce fourth-quarter 2023 results on Feb 14. TWLO’s shares have gained 18.6% in the past six months.
Bill Holdings (BILL - Free Report) has an Earnings ESP of +6.17% and a Zacks Rank #3.
Bill Holdings is set to announce second-quarter fiscal 2024 results on Feb 8. BILL’s shares have declined 40% in the past six months.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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https://www.zacks.com/stock/news/2216058/teradyne-ter-to-report-q4-earnings-whats-in-the-cards?
| 2024-01-26T00:10:04Z
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One stock that might be an intriguing choice for investors right now is BlackRock, Inc. (BLK - Free Report) . This is because this security in the Financial - Investment Management space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Financial - Investment Management space as it currently has a Zacks Industry Rank of 45 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, BlackRock is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
In fact, over the past month, current quarter estimates have surged from $8.74 per share to $9.18 per share, while current year estimates have risen from $37.67 per share to $39.40 per share. This has helped BLK to earn a Zacks Rank #3 (Hold), further underscoring the company’s solid position You can see the complete list of today’s Zacks #1 Rank stocks here.
So, if you are looking for a decent pick in a strong industry, consider BlackRock. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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https://www.zacks.com/stock/news/2216059/how-blackrock-blk-stock-stands-out-in-a-strong-industry
| 2024-01-26T00:10:11Z
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Southwest Airlines Co. (LUV - Free Report) reported fourth-quarter 2023 earnings per share of 37 cents, which outpaced the Zacks Consensus Estimate of 11 cents. In the year-ago quarter, LUV incurred a loss of 38 cents per share.
Revenues of $6,822 million outpaced the Zacks Consensus Estimate of $6,741.5 million and improved 10.5% year over year. The uptick was owing to healthy leisure demand and continued yield strength, mainly during the holiday time, coupled with record fourth-quarter ancillary revenues, loyalty program revenues, and passengers carried. Close-in bookings, including managed business bookings, performed at the better end of expectations in November and December 2023, driving fourth-quarter unit revenues to outperform the company's previous guidance range.
Operating Statistics
Airline traffic, measured in revenue passenger miles, increased 13.7% year over year to 35.58 billion in the quarter under review. Capacity or available seat miles (ASMs) climbed 21.4% year over year to 45.51 billion. Load factor (percentage of seats filled by passengers) fell to 78.2% from 83.5% in the year-ago quarter.The actual figure for the load factor was lower than our expectation of 83.3%.
Passenger revenue per available seat mile (PRASM: a key measure of unit revenues) descended 7.6% year over year to 13.65 cents.The actual figure was lower than our estimate of 13.73 cents.
Revenue per available seat mile (RASM) fell 8.9% to 14.99 cents.The actual figure was higher than our estimate of 14.90 cents.
Operating Expenses & Income
In the fourth quarter, Southwest Airlines incurred an operating loss (as reported) of $361 million compared with a loss of $386 million in the year-ago quarter. On an adjusted basis (excluding special items), the company reported operating income of $177 million against the loss of $344 million in the year-ago quarter. Total adjusted operating expenses (excluding profit sharing, special items, fuel and oil expenses) decreased 0.7%.
Fuel cost per gallon (inclusive of fuel tax: economic) fell 5.7% to $3.00. The actual figure was higher than our estimate of $2.90.
Consolidated unit cost or cost per available seat mile (CASM) excluding fuel, oil and profit-sharing expenses, and special items fell 18.1% year over year.
Liquidity
Southwest Airlines ended the fourth quarter with cash and cash equivalents of $9,288 million compared with $9,497 million at the end of September 2023. As of Dec 31, 2023, the company had long-term debt (less current maturities) of $7,978 million compared with $7,984 million at the end of September 2023.
LUV generated $425 million of cash from operating activities in the reported quarter, while CapEx was $707 million.
Q1 & Full-Year Outlook
For the first quarter of 2024, ASMs are estimated to improve 10% from the year-ago reported figure. Economic fuel costs per gallonare expected to be between $2.70 and $2.80. RASM is anticipated to improve 2.5-4.5% from the year-ago reported figure. LUV expects CASM, excluding fuel, oil and profit-sharing expenses, and special items, to increase 6-7% in the first quarter from the comparable period in 2022. Interest expenses are expected to be $62 million in the first quarter.
For 2024, Southwest Airlines expects capacity to improve 6% from the 2023 level. Economic fuel costs per gallon are estimated to be between $2.55 and $2.65. CASM, excluding fuel, oil and profit-sharing expenses, and special items, is still anticipated to increase in the range of 6-7% in 2024 from 2023. Interest expenses are expected to be $249 million in 2024. The effective tax rate is still expected to be 23-24% in the year. Capital expenditures are anticipated to be in the range of $3.5-$4 billion for 2024.
Currently, Southwest Airlines carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performances of Other Transportation Companies
J.B. Hunt Transport Services, Inc.’s (JBHT - Free Report) fourth-quarter 2023 earnings of $1.47 per share missed the Zacks Consensus Estimate of $1.74 and declined 23.4% year over year.
JBHT’s total operating revenues of $3,303.70 million surpassed the Zacks Consensus Estimate of $3,236.2 million but fell 9.5% year over year. Total operating revenues, excluding fuel surcharge revenue, fell 6% year over year.
Delta Air Lines (DAL - Free Report) has reported fourth-quarter 2023 earnings (excluding $1.88 from non-recurring items) of $1.28 per share, which comfortably beat the Zacks Consensus Estimate of $1.17. Earnings, however, declined 13.51% on a year-over-year basis due to high labor costs.
Revenues of $14,223 million surpassed the Zacks Consensus Estimate of $14,069.5 million and increased 5.87% on a year-over-year basis, driven by strong holiday-air-travel demand. Adjusted operating revenues (excluding third-party refinery sales) came in at $13,661 million, up 11% year over year.
United Airlines Holdings, Inc. (UAL - Free Report) reported fourth-quarter 2023 earnings per share (excluding 19 cents from non-recurring items) of $2.00, which outpaced the Zacks Consensus Estimate of $1.61 but declined 18.7% year over year.
Operating revenues of $13,626 million beat the Zacks Consensus Estimate of $13,546.8 million. The top line increased 9.9% year over year due to upbeat air-travel demand. This was driven by a 10.9% rise in passenger revenues (accounting for 91.1% of the top line) to $12,421 million. Almost 41,779 passengers traveled on UAL flights in the fourth quarter.
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https://www.zacks.com/stock/news/2216060/southwest-airlines-luv-q4-earnings-revenues-beat-up-yy?-revenues-beat,-up-y/y
| 2024-01-26T00:10:17Z
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Humana Inc. (HUM - Free Report) delivered weak fourth-quarter 2023 earnings, driven by higher benefits expenses, operating costs and lower medical memberships. The rising costs trend forced the company to let go of the 2025 EPS target it provided earlier. The negatives were partially offset by premium growth, increased investment income and strength witnessed in the CenterWell unit.
It posted adjusted earnings per share (EPS) of 11 cents, missing the Zacks Consensus Estimate of a loss of 7 cents. It reported an earnings of $1.97 per share in the year-ago period.
Humana's adjusted revenues saw substantial growth, rising 20.8% compared with the previous year, reaching $25.7 billion. Also, the top line exceeded the consensus estimate by 1.4%.
Operational Update
Total premiums of Humana amounted to $25.1 billion, which improved 18.1% year over year in the fourth quarter and outpaced the Zacks Consensus Estimate of $24.1 billion and our model estimate of $24.7 billion.
Services revenues increased 3.6% year over year to more than $1 billion and beat the consensus mark of $968.9 million. Investment income of $294 million increased 83.8% year over year in the quarter under review and beat the consensus estimate of $286.8 million.
The benefits expense ratio came in at 90.7%, which deteriorated 340 basis points (bps) year over year due to investments related to the benefit design of Humana’s Medicare Advantage products, as well as increased utilization trends in the Medicare Advantage business. The operating cost ratio improved 130 bps year over year to 14.6%, thanks to improving scale and cost efficiencies.
Total operating expenses of $26.8 billion increased 20.1% year over year and came higher than our model estimate of $25.4 billion. The increase was mainly due to higher overall benefits expenses and operating costs.
Humana reported a loss from operations of $348 million in the fourth quarter against the year-ago income of $124 million and significantly lagged our estimate.
Segmental Update
Insurance
The segment’s adjusted revenues rose 21.2% year over year to $24.8 billion in the quarter under review, higher than our estimate of $24.5 billion.
Adjusted operating loss of $361 million deteriorated from operating income of $112 million and fell short of our expectations. The adjusted benefits expense ratio deteriorated 400 bps year over year to 91.4%. The adjusted operating cost ratio of 10.9% improved 160 bps year over year due to scale efficiencies related to individual Medicare Advantage membership growth and administrative cost efficiencies.
As of Dec 31, 2023, the total medical membership of the segment came in at 16.86 million. The figure dipped 1.3% year over year.
CenterWell
The segment recorded revenues of $4.7 billion in the fourth quarter, which increased 13.7% and beat our estimate of $4.6 billion. Improved Pharmacy Solutions revenues, growth in the Primary Care business and a solid Home Solutions business provided an impetus to the segment's quarterly performance.
Adjusted operating income increased 44.5% year over year to $445 million. The segment’s operating cost ratio of 90.6% improved 200 bps year over year in the quarter under review.
Financial Update (as of Dec 31, 2023)
Humana exited the fourth quarter with cash and cash equivalents of $4.7 billion, which fell from the $5.1 billion figure at 2022 end. Total assets of $47.1 billion climbed from the 2022-end level of $43.1 billion.
Long-term debt amounted to $10.2 billion, which increased from the $9 billion figure as of Dec 31, 2022. Short-term debt came in at $1.4 billion. Debt to capitalization improved 20 bps year over year to 41.8% at the fourth-quarter end.
Total stockholders’ equity of $16.3 billion increased from the $15.3 billion figure at 2022 end.
In 2023, Humana generated operating cash flows of almost $4 billion, which decreased from the prior-year level of $4.6 billion.
Capital Deployment Update
Humana bought back shares worth $1.6 billion in 2023. It had a leftover share repurchase capacity of $1.1 billion as of Jan 24, 2023.
2024 Outlook
Adjusted EPS is projected at around $16, suggesting a decline from the 2023 figure of $26.09. GAAP EPS is estimated to be around $14.87, down from the year-ago level of $20. Humana scratched off its previous target of adjusted EPS of $37 in 2025 to reflect the growing MA medical cost trends. With seniors resuming elective procedures that were put on hold for COVID-related restrictions, costs have significantly risen for insurers. It expects its margin recovery initiatives to provide a $6-$10 per share growth in adjusted EPS in 2025.
Management currently projects individual Medicare Advantage membership to witness growth of around 100,000 this year. Group Medicare Advantage membership is expected to increase by around 45,000. Membership from the Medicare stand-alone prescription drug plan is estimated to decline by around 650,000 members.
Revenues are expected to be around $113 billion, which indicates an improvement from the 2023 figure of $106.4 billion. The Insurance segment’s revenues are forecasted to be around $110 billion. Revenues of the CenterWell segment, on a GAAP basis, are expected to be around $19 billion.
The benefit ratio of the Insurance unit is expected to stay around 90% for 2024. The consolidated Non-GAAP operating cost ratio is anticipated to be approximately 11.4%. The effective tax rate is expected to be around 24.5%. Cash flow from operations is expected to be around $2 billion this year. Meanwhile, capital expenditures are projected to be roughly $800 million.
Zacks Rank & Key Picks
Humana currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader medical space are Motus GI Holdings, Inc. (MOTS - Free Report) , Brookdale Senior Living Inc. (BKD - Free Report) and Centene Corporation (CNC - Free Report) . While Motus GI currently sports a Zacks Rank #1 (Strong Buy), Brookdale Senior and Centene carry a Zacks Rank #2 (Buy) each. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Motus GI’s 2023 bottom line suggests a 67.2% year-over-year improvement. MOTS has witnessed one upward estimate revision over the past 60 days against no movement in the opposite direction. It beat earnings estimates in all the last four quarters, with an average surprise of 40.2%.
The Zacks Consensus Estimate for Brookdale Senior’s full-year 2023 earnings indicates a 49.6% year-over-year improvement. BKD beat earnings estimates in three of the past four quarters and missed once, with an average surprise of 23.5%.
The Zacks Consensus Estimate for Centene’s 2023 full-year earnings implies a 15.1% increase from the year-ago reported figure. The consensus mark for its current-year revenues is pegged at $150.8 billion, up 4.3% year over year. CNC beat earnings estimates in two of the last four quarters and missed twice, with an average surprise of 5.6%.
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https://www.zacks.com/stock/news/2216061/humana-hum-q4-earnings-miss-on-higher-costs-25-target-pulled
| 2024-01-26T00:10:23Z
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Domo (DOMO - Free Report) shares soared 9% in the last trading session to close at $10.71. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 3.4% loss over the past four weeks.
Domo is riding on an expanding clientele, driven by a strong demand for AI-powered software solutions. The Domo platform allows customers to increase their productivity and efficiency and deliver better business outcomes. This is driving adoption, thereby boosting top-line growth.
This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of -50%. Revenues are expected to be $79.46 million, down 0.2% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Domo, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on DOMO going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Domo is a member of the Zacks Internet - Software industry. One other stock in the same industry, Digital Turbine (APPS - Free Report) , finished the last trading session 0.5% lower at $5.71. APPS has returned -17.7% over the past month.
For Digital Turbine
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https://www.zacks.com/stock/news/2216064/domo-domo-soars-90-is-further-upside-left-in-the-stock?
| 2024-01-26T00:10:30Z
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Weave Communications, Inc. (WEAV - Free Report) shares ended the last trading session 5.7% higher at $12.14. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 2.3% loss over the past four weeks.
Weave is benefiting from an expanding portfolio with a special emphasis on bringing significant advantages to healthcare patients.Within its healthcare portfolio, Weave is placing particular emphasis on improving the patient experience through its Digital Forms product.
The recent enhancements to Digital Forms are designed to bring in the digital transformation of small and medium-sized healthcare practices while significantly enhancing the patient experience.
This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of +50%. Revenues are expected to be $44.24 million, up 17.4% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Weave Communications, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on WEAV going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Weave Communications, Inc. belongs to the Zacks Communication - Network Software industry. Another stock from the same industry, Frontier Communications (FYBR - Free Report) , closed the last trading session 1.2% lower at $23.77. Over the past month, FYBR has returned -2.9%.
For Frontier Communications
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https://www.zacks.com/stock/news/2216065/weave-communications-inc-weav-moves-57-higher-will-this-strength-last?
| 2024-01-26T00:10:33Z
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Stellantis N.V. (STLA - Free Report) announced the acquisition of artificial intelligence (“AI”) and machine learning technology, intellectual property (“IP”) rights and patents of CloudMade. This U.K.-based company designs, develops and deploys software solutions to original equipment manufacturers around the world.
The transaction will support STLA SmartCockpit’s mid-term development and its software strategy outlined in Dare Forward 2030.
By 2030, Stellantis aims to generate $22 billion in annual revenues through software and subscriptions.
CloudMade created an AI-powered framework that is the industry-leading cloud and software development kit for collecting and analyzing automotive data sets that have been transforming the in-car and mobility user experience over the past decade.
Per the deal, 44 of CloudMade's AI engineers and software developers will join Stellantis.
The framework helps maximize data value using personalized learning, fleet learning and cohort learning. The technology will help STLA develop intelligent mobility products and improve the overall customer experience with personalized features to enhance safety.
The technology includes predictive maintenance and diagnostics, personalized in-car experiences, Stellantis-specific voice assistant, optimized mobile experiences and remote commands, advanced navigation and mapping and targeted features for fleet management.
The acquisition will also empower Stellantis to develop end-to-end and wholly-owned navigation features, improve data privacy and introduce development kits for making custom models for its software developers.
Per Reuters, STLA will slash 600 jobs at the Mulhouse plant in France. The cut will not impact workers with permanent labor. The geopolitical situation and the company’s current price race against competitors are cited as reasons for the job cut.
Zacks Rank & Key Picks
STLA currently carries a Zacks Rank #3 (Hold).
Some better-ranked players in the auto space are Volvo (VLVLY - Free Report) , Mercedes-Benz Group AG (MBGAF - Free Report) and BYD Company Limited (BYDDY - Free Report) , each sporting a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for VLVLY’s 2023 sales and earnings suggests year-over-year growth of 4.2% and 73.1%, respectively. The EPS estimates for 2023 and 2024 have improved by 4 cents and 3 cents, respectively, in the past 30 days.
The Zacks Consensus Estimate for MBGAF’s 2023 sales implies year-over-year growth of 5.8%. The EPS estimates for 2023 and 2024 have moved up by a penny and 30 cents, respectively, in the past 60 days.
The Zacks Consensus Estimate for BYDDY’s 2023 sales and earnings suggests year-over-year growth of 35.7% and 72.9%, respectively. The EPS estimate for 2023 has improved by a penny in the past 30 days.
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https://www.zacks.com/stock/news/2216066/stellantis-stla-acquires-cloudmades-ai-technologies-ip?-ip
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Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Nvidia (NVDA - Free Report) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
Here are three of the most important factors that make the stock of this maker of graphics chips for gaming and artificial intelligence a great growth pick right now.
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Nvidia is 39.9%, investors should actually focus on the projected growth. The company's EPS is expected to grow 268.4% this year, crushing the industry average, which calls for EPS growth of -2.8%.
Impressive Asset Utilization Ratio
Asset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. This metric shows how efficiently a firm is utilizing its assets to generate sales.
Right now, Nvidia has an S/TA ratio of 0.95, which means that the company gets $0.95 in sales for each dollar in assets. Comparing this to the industry average of 0.74, it can be said that the company is more efficient.
While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And Nvidia is well positioned from a sales growth perspective too. The company's sales are expected to grow 118.4% this year versus the industry average of 5.2%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for Nvidia. The Zacks Consensus Estimate for the current year has surged 0.1% over the past month.
Bottom Line
While the overall earnings estimate revisions have made Nvidia a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Nvidia well for outperformance, so growth investors may want to bet on it.
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https://www.zacks.com/stock/news/2216067/3-reasons-why-growth-investors-shouldnt-overlook-nvidia-nvda
| 2024-01-26T00:10:45Z
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Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Our proprietary system currently recommends First Bank (FRBA - Free Report) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Here are three of the most important factors that make the stock of this company a great growth pick right now.
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for First Bank is 23.4%, investors should actually focus on the projected growth. The company's EPS is expected to grow 2.4% this year, crushing the industry average, which calls for EPS growth of -5.7%.
Impressive Asset Utilization Ratio
Asset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. This metric shows how efficiently a firm is utilizing its assets to generate sales.
Right now, First Bank has an S/TA ratio of 0.06, which means that the company gets $0.06 in sales for each dollar in assets. Comparing this to the industry average of 0.05, it can be said that the company is more efficient.
While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And First Bank is well positioned from a sales growth perspective too. The company's sales are expected to grow 22.5% this year versus the industry average of 0.3%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for First Bank. The Zacks Consensus Estimate for the current year has surged 0.6% over the past month.
Bottom Line
First Bank has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that First Bank is a potential outperformer and a solid choice for growth investors.
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https://www.zacks.com/stock/news/2216068/looking-for-a-growth-stock-3-reasons-why-first-bank-frba-is-a-solid-choice?-3-reasons-why-first-bank-(frba)-is-a-solid-choice-
| 2024-01-26T00:10:53Z
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Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a growth stock that can live up to its true potential can be a tough task.
By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Valmont Industries (VMI - Free Report) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
Here are three of the most important factors that make the stock of this infrastructure equipment maker a great growth pick right now.
Earnings Growth
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Valmont is 18.4%, investors should actually focus on the projected growth. The company's EPS is expected to grow 3.4% this year, crushing the industry average, which calls for EPS growth of 0.1%.
Impressive Asset Utilization Ratio
Asset utilization ratio -- also known as sales-to-total-assets (S/TA) ratio -- is often overlooked by investors, but it is an important indicator in growth investing. This metric shows how efficiently a firm is utilizing its assets to generate sales.
Right now, Valmont has an S/TA ratio of 1.2, which means that the company gets $1.2 in sales for each dollar in assets. Comparing this to the industry average of 1.15, it can be said that the company is more efficient.
In addition to efficiency in generating sales, sales growth plays an important role. And Valmont looks attractive from a sales growth perspective as well. The company's sales are expected to grow 0.8% this year versus the industry average of 0%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for Valmont. The Zacks Consensus Estimate for the current year has surged 0.2% over the past month.
Bottom Line
While the overall earnings estimate revisions have made Valmont a Zacks Rank #2 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that Valmont is a potential outperformer and a solid choice for growth investors.
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https://www.zacks.com/stock/news/2216070/looking-for-a-growth-stock-3-reasons-why-valmont-vmi-is-a-solid-choice?-3-reasons-why-valmont-(vmi)-is-a-solid-choice-
| 2024-01-26T00:10:59Z
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Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Arch Resources (ARCH - Free Report) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this coal producer is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Arch Resources is 39.4%, investors should actually focus on the projected growth. The company's EPS is expected to grow 15.9% this year, crushing the industry average, which calls for EPS growth of 1.2%.
Cash Flow Growth
While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for Arch Resources is 190.8%, which is higher than many of its peers. In fact, the rate compares to the industry average of 113.7%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 25% over the past 3-5 years versus the industry average of 13%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for Arch Resources. The Zacks Consensus Estimate for the current year has surged 12.4% over the past month.
Bottom Line
Arch Resources has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #1 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Arch Resources well for outperformance, so growth investors may want to bet on it.
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https://www.zacks.com/stock/news/2216071/arch-resources-arch-is-an-incredible-growth-stock-3-reasons-why
| 2024-01-26T00:11:05Z
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Crown Castle Inc.’s (CCI - Free Report) fourth-quarter 2023 adjusted funds from operations (AFFO) per share of $1.82 surpassed the Zacks Consensus Estimate of $1.79. Net revenues of $1.67 billion, outpaced the Zacks Consensus Estimate of $1.65 billion.
However, AFFO per share reported a 1.6% decline year over year. Net revenues fell 5.1% year over year.
For 2023, Crown Castle reported AFFO per share of $7.55, beating the Zacks Consensus Estimate of $7.52. Moreover, the figure increased 2.3% from the prior year’s $7.38. Net revenues of $6.98 billion declined marginally from the prior year. However, the reported figure beat the Zacks Consensus Estimate of $6.96 billion.
Rental Revenues Climb
CCI’s total site-rental revenues grew 1.6% year over year to $1.60 billion in the fourth quarter of 2023. The figure was higher than our estimate of $1.58 billion. The uptick was driven by a rise in fiber segment site rental revenues.
Site-rental revenues in the tower segment marginally declined year over year to $1.08 billion. It was slightly higher than our estimate of $1.07 billion. The year-over-year decrease was due to the initial surge in tower activity related to the early stage of the 5G investment cycle that has waned.
Site-rental revenues in the fiber segment rose 6.5% year over year to $524 million. It was higher than our estimate of $507 million. The rise was mainly driven by the increase in organic contribution to site rental billings.
Apart from growth in total site-rental revenues, network services and other revenues came in at $71 million, which plunged 61.8% from the prior-year quarter. It was lower than our estimate of $74 million.
Decline in Operating Expenses
CCI’s quarterly site-rental cost of operations increased 1.8% year over year to $407 million. The figure was lower than our estimate of $416 million.
The company reported services and other cost of operations of $48 million in the quarter. It decreased 60.7% from the prior-year quarter. It was lower than our estimate of $55 million.
Financial Position
Crown Castle exited the fourth quarter of 2023 with cash and cash equivalents of $105 million, down from $117 million reported as of Sep 30, 2023. Moreover, debt and other long-term obligations aggregated $22.09 billion as of Dec 31, 2023, increasing nearly 1% sequentially.
2024 Guidance
Crown Castle maintained its guidance for 2024 AFFO per share in the range of $6.85-$6.97. The Zacks Consensus Estimate is pegged at $6.96, which is within the guided range.
Site rental revenues are expected to be between $6.347 billion and $6.392 billion, while the adjusted EBITDA is estimated to be in the band of $4.138-$4.188 billion.
Crown Castle currently carries a Zacks Rank #3 (Hold).
Upcoming Earnings Releases
We now look forward to the earnings releases of other REITs like Alexandria Real Estate Equities (ARE - Free Report) and Boston Properties (BXP - Free Report) , slated to report on Jan 29 and Jan 30, respectively. Meanwhile, Ventas (VTR - Free Report) is scheduled for Feb 8.
The Zacks Consensus Estimate for Alexandria’s fourth-quarter 2023 FFO per share is pegged at $2.29, implying a 7% year-over-year increase. ARE currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Boston Properties’ fourth-quarter 2023 FFO per share is pegged at $1.81, suggesting a year-over-year fall of 2.7%. BXP currently carries a Zacks Rank #3.
The Zacks Consensus Estimate for Ventas’ fourth-quarter 2023 FFO per share stands at 76 cents, indicating a 4.1% rise year over year. VTR currently has a Zacks Rank #2 (Buy).
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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https://www.zacks.com/stock/news/2216072/crown-castles-cci-q4-affo-beat-site-rental-revenues-up
| 2024-01-26T00:11:11Z
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Crown Castle Inc. (CCI - Free Report) reported fourth-quarter 2023 adjusted funds from operations (AFFO) per share of $1.82, outpacing the Zacks Consensus Estimate of $1.79. However, the reported figure declined 1.6% from the year-ago quarter.
Results reflect better-than-anticipated revenues aided by healthy site-rental revenue growth. However, higher interest expense on debt obligations and lower contributions from adjusted EBITDA were undermining factors. CCI maintained its outlook for 2024.
Net revenues of $1.67 billion, too, beat the Zacks Consensus Estimate of $1.65 billion. However, the figure fell 5.1% year over year.
In 2023, Crown Castle reported AFFO per share of $7.55, beating the Zacks Consensus Estimate of $7.52. Moreover, the figure increased 2.3% from the prior year’s $7.38. Net revenues of $6.98 billion declined marginally from the prior year. However, the reported figure beat the Zacks Consensus Estimate of $6.96 billion.
Per Tony Melone, interim CEO of the company, “Crown Castle delivered 2023 results in line with our expectations, including site rental billings, Adjusted EBITDA, and AFFO. We generated full-year tower organic revenue growth of 5%, achieved 8,000 new small cell nodes for the year, with 2,000 additional nodes completed that are expected to begin billing in first-quarter 2024, and returned to year-over-year fiber solutions revenue growth of approximately 3% in the fourth quarter. Looking forward, my focus is on delivering on our 2024 Outlook and continuing to serve our customers with excellence while at the same time supporting the ongoing strategic review of our Fiber business and providing stability through our CEO transition period.”
Quarter in Detail
During the fourth quarter, CCI’s site-rental revenues came in at $1.60 billion, up 1.6% from the prior-year quarter. The organic contribution of $70 million to the site rental billings reflected 5.2% growth and was not materially impacted by the Sprint Cancellations. Our estimate for site-rental revenues was pegged at $1.57 billion.
On the other hand, services and other revenues plunged 61.8% year over year to $71 million. We estimated the metric to be $80.5 million.
CCI’s quarterly operating expenses decreased 5.7% year over year to $1.09 billion. The operating income fell to $586 million from $610 million recorded a year ago. The quarterly adjusted EBITDA of $1.08 billion slipped 1.3%.
Interest expense on debt obligations rose 16.4% year over year to $220 million.
The company reported capital expenditures of $357 million in the quarter. This comprised discretionary capital expenditures of $329 million and sustaining capital expenditures of $28 million. Discretionary capital expenditures primarily attributable to Fiber were around $288 million, and those to Towers were roughly $34 million.
Balance Sheet
Crown Castle exited the fourth quarter of 2023 with cash and cash equivalents of $105 million, down from $117 million reported as of Sep 30, 2023.
Moreover, debt and other long-term obligations aggregated $22.09 billion as of Dec 31, 2023, increasing nearly 1% sequentially.
2024 Guidance
Crown Castle maintained its guidance for 2024 AFFO per share in the range of $6.85-$6.97. The Zacks Consensus Estimate is pegged at $6.96, which is within the guided range.
Site rental revenues are expected to lie between $6.347 billion and $6.392 billion, while the adjusted EBITDA is estimated to be in the band of $4.138-$4.188 billion.
Crown Castle currently carries a Zacks Rank #3 (Hold).
Upcoming Earnings Releases
We now look forward to the earnings releases of other REITs like Alexandria Real Estate Equities (ARE - Free Report) and Boston Properties (BXP - Free Report) , slated to report on Jan 29 and Jan 30, respectively. Meanwhile, Ventas (VTR - Free Report) is scheduled for Feb 8.
The Zacks Consensus Estimate for Alexandria’s fourth-quarter 2023 FFO per share is pegged at $2.29, implying a 7% year-over-year increase. ARE currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Boston Properties’ fourth-quarter 2023 FFO per share is pegged at $1.81, suggesting a year-over-year fall of 2.7%. BXP currently carries a Zacks Rank #3.
The Zacks Consensus Estimate for Ventas’ fourth-quarter 2023 FFO per share stands at 76 cents, indicating a 4.1% rise year over year. VTR currently has a Zacks Rank #2 (Buy).
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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https://www.zacks.com/stock/news/2216074/crown-castles-cci-q4-affo-beat-estimate-revenues-down-yy
| 2024-01-26T00:11:18Z
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Marsh & McLennan Companies, Inc. (MMC - Free Report) has reported fourth-quarter 2023 adjusted earnings per share of $1.68, which beat the Zacks Consensus Estimate by 5%. The bottom line rose 14% year over year.
Consolidated revenues improved 11% year over year to $5.6 billion in the quarter under review. The figure increased 7% on an underlying basis. Also, the top line outpaced the consensus mark by a whisker.
The quarterly results have benefited from strong contributions from the Risk and Insurance Services, and Consulting segments. While strong international operations aided the Marsh business, growing Wealth and Health revenues benefited the Consulting unit’s performance. However, the upside was partly offset by an increase in compensation and benefits expenses.
Total operating expenses of $4.5 billion increased 2.5% year over year in the fourth quarter and beat our estimate of $4.3 billion. The year-over-year increase was due to higher compensation and benefits costs. Total expenses in the Risk and Insurance Services segment witnessed a 1.8% year-over-year increase, whereas the Consulting segment’s expenses grew 5.6% year over year.
MMC hasreported an adjusted operating income of $1.2 billion in the quarter under review, which climbed 16% year over year. The adjusted operating margin of 23.3% improved 130 basis points (bps) year over year.
Segmental Update
Risk and Insurance Services
The segment’s revenues amounted to $3.3 billion in the fourth quarter, which climbed 11% year over year, or 8% on an underlying basis. The reported figure almost touched the Zacks Consensus Estimate and beat our estimate of $3.2 billion. Adjusted operating income improved 15% year over year to $791 million but lagged the consensus mark of $822 million and our estimate of $873 million.
Revenues of Marsh, a unit within the segment, grew 7% year over year or 6% on an underlying basis to $2.9 billion. The figure beat our estimate of $2.87 billion. In the United States/Canada, underlying revenues advanced 5% year over year. International operations witnessed underlying revenue growth of 7%. Among the international operations, Latin America witnessed the highest underlying revenue growth of 11%, followed by an increase of 10% and 5% in the Asia Pacific and EMEA, respectively.
Guy Carpenter’s (another unit within the Risk and Insurance Services segment) revenues of $252 million surged 48% year over year, or 9% on an underlying basis.
Consulting
The unit generated revenues of $2.3 billion, which improved 10% year over year, or 7% on an underlying basis. The reported figure surpassed the Zacks Consensus Estimate of $2.26 billion and our estimate of $2.27 billion. Adjusted operating income rose 18% year over year to $480 million in the fourth quarter, higher than our estimate of $414.1 million.
A unit within this segment, Mercer’s revenues of $1.4 billion advanced 9% year over year, or 5% on an underlying basis. The figure almost touched our estimate. Wealth and Health revenues grew 4% and 9%, respectively, on an underlying basis in the quarter under review. Career revenues inched up 1% on an underlying basis.
Oliver Wyman, another unit within the Consulting segment, recorded revenues of $856 million. The figure improved 12% year over year, or 9% on an underlying basis and surpassed the Zacks Consensus Estimate of $845 million. The figure lagged our estimate of $856.8 million.
Financial Update (as of Dec 31, 2023)
Marsh & McLennan exited the fourth quarter with cash and cash equivalents of $3.4 billion, which more than doubled from the 2022-end level. Total assets of $48 billion grew 8.9% from the 2022-end level.
Long-term debt amounted to $11.8 billion, which increased 5.5% from the figure as of Dec 31, 2022. Short-term debt increased more than six-fold from the 2022-end figure to $1.6 billion.
Total equity of $12.4 billion advanced 15.1% from the 2022-end level.
MMC generated cash flows from operations of $4.3 billion in 2023, which climbed 22.9% from the prior-year comparable period.
Capital Deployment Update
Marsh & McLennan bought back 6.4 million shares worth $1.2 billion for 2023.
Management announced a quarterly dividend of 71 cents per share, which will be paid out on Feb 15, 2024, to shareholders of record as of Jan 25, 2024.
Full-Year Update
Adjusted earnings per share of Marsh & McLennan came in at $7.99 for 2023, which climbed 17% from the 2022 figure. Consolidated revenues of $22.7 billion grew 10% year over year, or 9% on an underlying basis.
Consolidated adjusted operating income improved 17% year over year to $5.6 billion. The adjusted operating margin of 26% improved 130 bps year over year.
Revenues at the Risk and Insurance Services segment rose 11% year over year and the Consulting segment’s revenues increased 7% year over year in 2023.
Zacks Rank
Marsh & McLennan currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Insurers
Of the insurance industry players that have reported fourth-quarter 2023 results so far, the bottom-line results of Brown & Brown, Inc. (BRO - Free Report) , The Travelers Companies, Inc. (TRV - Free Report) and W. R. Berkley Corporation (WRB - Free Report) beat the Zacks Consensus Estimate.
Brown & Brown’s fourth-quarter 2023 adjusted earnings of 58 cents per share beat the Zacks Consensus Estimate by 9.4%. The bottom line increased 16% year over year. Total revenues of $1.03 billion beat the Zacks Consensus Estimate by 4.6%. The top line improved 13.8% year over year. The upside can be primarily attributed to commission and fees, which grew 12.4% year over year to $1 billion. Organic revenues improved 7.7% to $922.9 million in the quarter under review. Investment income of BRO increased year over year to $18.5 million from $4.7 million in the year-ago quarter. Adjusted EBITDAC was $317.7 million, up 11.7% year over year. EBITDAC margin, however, contracted 40 bps year over year to 31%.
Travelers’ fourth-quarter 2023 core income of $7.01 per share beat the Zacks Consensus Estimate of $5.04. The bottom line more than doubled year over year. Total revenues increased 13.5% from the year-ago quarter to $10.9 billion, primarily driven by higher premiums. The top-line figure beat the Zacks Consensus Estimate by 0.2%. Net written premiums of TRV increased 13% year over year to about $10 billion. Net investment income increased 24% year over year to $778 million. It witnessed an underwriting gain of $1.4 billion, up more than three-fold year over year. The combined ratio improved 870 bps year over year to 85.8, driven by a lower underlying combined ratio and lower catastrophe losses.
W.R. Berkley Corporation reported fourth-quarter 2023 operating income of $1.45 per share, which beat the Zacks Consensus Estimate of $1.35 by 7.4%. The bottom line improved 25% year over year. Net premiums written were $2.7 billion, up 12% year over year. Operating revenues of WRB came in at $3.2 billion, up 9.3% year over year The top line beat the consensus estimate by 1.3%. Net investment income surged 35.5% to a record $313.3 million, driven by a 52.9% increase in the core portfolio. Pre-tax underwriting income increased 8.2% to $315.9 million. The consolidated combined ratio remained flat year over year to 88.4. Net premiums written at the Insurance segment increased 12.2% year over year to $2.4 billion in the quarter.
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https://www.zacks.com/stock/news/2216075/marsh-mclennan-mmc-q4-earnings-beat-on-solid-us-business?-mclennan-(mmc)-q4-earnings-beat-on-solid-us-business
| 2024-01-26T00:11:26Z
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SL Green Realty Corp. (SLG - Free Report) reported fourth-quarter 2023 funds from operations (FFO) per share of 72 cents, lagging the Zacks Consensus Estimate of 88 cents per share. The figure fell 50.7% from the year-ago quarter’s $1.46.
The results reflect lower-than-anticipated revenues despite decent leasing activity in its Manhattan portfolio. However, lower interest expenses and a rise in same-store cash net operating income (NOI) during the quarter were commendable. SL Green raised its guidance for 2024 FFO per share.
Net rental revenues of $131.9 million outpaced the Zacks Consensus Estimate of $131 million. However, the figure slipped 23.7% from the prior-year quarter.
For 2023, SLG’s FFO per share was $4.94. The figure compared unfavorably with the prior year’s $6.64. Net revenues of $603.7 million rose 2.5% from the prior year’s $588.8 million.
Quarter in Detail
During the fourth quarter, the same-store cash NOI, including SL Green’s share of same-store cash NOI from unconsolidated joint ventures, increased 3.9% year over year to $163.6 million. This excludes the lease termination income.
For its Manhattan portfolio, SL Green signed 26 office leases encompassing 505,152 square feet of space in the reported quarter. The mark-to-market on signed Manhattan office leases increased 3.2% from the previous fully-escalated rents on the same spaces in the quarter.
The average lease term for the Manhattan office leases signed was 14.7 years, while average tenant concessions were 14.9 months of free rent with a tenant improvement allowance of $120.56 per rentable square foot. This excludes the leases signed at One Madison Avenue.
As of Dec 31, 2023, Manhattan’s same-store office occupancy, inclusive of 177,836 square feet of leases signed but not yet commenced, was 90.0%, up from 89.9% at the end of the prior quarter but down from 92% at the end of the year-ago quarter.
As of the same date, the carrying value of the company’s debt and preferred equity portfolio was $346.7 million, which declined 44.4% from the year-ago quarter.
The company’s interest expense (net of interest income) fell 27.2% year over year to $27.4 million.
Liquidity
SL Green exited the fourth quarter with cash and cash equivalents of $221.8 million, up from $189.8 million recorded as of Sep 30, 2023.
2024 Guidance Increased
To reflect incremental gains on discounted debt extinguishment, SL Green increased its guidance for 2024 FFO per share to the range of $5.90-$6.20 from $4.90-$5.20 guided earlier.
SL Green currently carries a Zacks Rank #3 (Hold).
Upcoming Earnings Releases
We now look forward to the earnings releases of other REITs like Alexandria Real Estate Equities (ARE - Free Report) and Boston Properties (BXP - Free Report) , slated to report on Jan 29 and Jan 30, respectively. Meanwhile, Ventas (VTR - Free Report) is scheduled for Feb 8.
The Zacks Consensus Estimate for Alexandria’s fourth-quarter 2023 FFO per share is pegged at $2.29, implying a 7% year-over-year increase. ARE currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Zacks Consensus Estimate for Boston Properties’ fourth-quarter 2023 FFO per share is pegged at $1.81, suggesting a year-over-year fall of 2.7%. BXP currently carries a Zacks Rank #3.
The Zacks Consensus Estimate for Ventas’ fourth-quarter 2023 FFO per share stands at 76 cents, indicating a 4.1% rise year over year. VTR currently has a Zacks Rank #2 (Buy).
Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs.
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https://www.zacks.com/stock/news/2216077/sl-greens-slg-q4-ffo-lag-estimates-2024-view-raised
| 2024-01-26T00:11:34Z
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McCormick & Company, Incorporated (MKC - Free Report) reported fourth-quarter fiscal 2023 results, with the top and the bottom line increasing year over year. Earnings surpassed the Zacks Consensus Estimate while sales missed the same.
Results reflect impacts from pressured consumers displaying more value-seeking behavior, which hurt volumes. Nevertheless, focus on cost savings and effective price realization offered respite.
Quarter in Detail
Adjusted earnings of 85 cents per share increased from 73 cents reported in the year-ago quarter. The metric came above the Zacks Consensus Estimate of 79 cents per share. The year-over-year upside can be attributed to increased operating income and greater income from unconsolidated operations stemming from solid performance in the largest joint venture, McCormick de Mexico.
This global leader in flavor generated sales of $1,752.8 million, up 3% year over year. On a constant-currency (cc) basis, sales rose 2% on the back of a 5% increase from pricing actions, somewhat offset by a 3% volume decline. Gains from lapping of the year-ago period’s COVID-related disruption across China were completely offset by impacts from management’s strategic decisions to discontinue low-margin business and offload canning business in the Flavor Solutions unit. Volumes remained pressured in both segments, thanks to reduced consumption, as consumers displayed value-seeking behavior. The top line missed the Zacks Consensus Estimate of $1,784.5 million.
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McCormick’s gross profit margin expanded 320 basis points. The upside can be attributed to positive pricing actions and product mix and cost savings from Comprehensive Continuous Improvement (CCI) and Global Operating Effectiveness (GOE) programs. This was partly countered by escalated cost inflation.
Selling, general and administrative (SG&A) expenses escalated year over year due to elevated employee incentive compensation expenses and increased brand marketing costs, partly offset by cost savings from the abovementioned programs.
At cc, the adjusted operating income rose 11%, mainly backed by gross profit margin expansion, somewhat offset by increased SG&A expenses.
Segment Details
Consumer: Sales went up 1% to $1,048.6 million. On a cc basis, sales remained in line with the year-ago period, aided by a 4% rise in pricing actions offset by declines in volume to the tune of 4%. Sales dropped 4% in the Americas while increasing 18% and 28% in the Europe, Middle East and Africa (EMEA) and the Asia/Pacific, respectively.
Flavor Solutions: Sales in the segment advanced 7% to $704.2 million. On a cc basis, sales rose 5% due to pricing gains of 7%, somewhat offset by volume declines of 2%. Flavor Solutions’ sales in the Americas grew 7%. Flavor Solutions’ sales in the EMEA rose by 9%. Sales in the Asia/Pacific market ascended 3% year over year.
Financial Update
McCormick exited the quarter with cash and cash equivalents of $166.6 million, long-term debt of $3,339.9 million and total shareholders’ equity of $5,083.5 million. For the year ended Nov 30, 2023, net cash provided by operating activities was $1,237.3 million.
Fiscal 2024 Guidance
For the fiscal 2024, McCormick is focused on strengthening its volume trends and prioritizing investments to fuel profits. The company’s CCI and GOE programs are driving growth investments and operating margin expansion. Management anticipates currency rates to impact adjusted operating income and adjusted earnings per share (EPS) by nearly 1%.
For 2024, management expects sales to range between a 2% decline to flat year over year. At cc, sales are likely to be between 1% growth and a 1% decline. Management anticipates witnessing a favorable impact from pricing actions undertaken in the prior year. Volume trends are likely to improve on the back of solid brands and targeted investments. However, its decision to discontinue the low-margin business and sell the canning business is likely to put pressure on volume during 2024.
Management expects 2024 operating income to grow by 8-10%. Adjusted operating income is likely to grow 3-5% (up 4-6% at cc), courtesy of gross margin expansion somewhat offset by a major rise in brand marketing investments.
Management envisions 2024 adjusted EPS in the band of $2.80-$2.85. The bottom-line view suggests growth from $2.70 recorded in 2023. On a GAAP basis, McCormick projects 2024 earnings in the range of $2.76- $2.81 per share compared with the year-ago period figure of $2.52.
Stock Performance
This Zacks Rank #4 (Sell) stock has declined 26.9% in the past six months compared with the industry’s fall of 6.8%.
3 Appetizing Picks
Ingredion Incorporated (INGR - Free Report) , which produces and sells sweeteners, starches, nutrition ingredients and biomaterial solutions, carries a Zacks Rank #2 (Buy). INGR delivered a positive earnings surprise of 23.9% in the last reported quarter. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
The Zacks Consensus Estimate for Ingredion Incorporated’s current financial-year sales and earnings suggests growth of around 5% and 24.7%, respectively, from the year-ago reported numbers.
Sysco Corporation (SYY - Free Report) , a food and related product company, currently has a Zacks Rank #2. SYY delivered a positive earnings surprise in the last two quarters.
The Zacks Consensus Estimate for Sysco’s current fiscal sales and earnings suggests growth of 4.1% and almost 8%, respectively, from the corresponding year-ago reported figure.
Flowers Food (FLO - Free Report) , produces and markets packaged bakery food products. FLO currently has a Zacks Rank #2. Flowers Food has a trailing four-quarter earnings surprise of 6.8%, on average.
The Zacks Consensus Estimate for FLO’s current financial-year sales suggests growth of 5.9% from the year-ago reported figure.
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| 2024-01-26T00:11:40Z
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Moderna (MRNA - Free Report) is a commercial-stage pharmaceutical company primarily focused on discovering and developing messenger-RNA (mRNA) based therapies.
During the COVID-19 pandemic, the company launched its first marketed product in the form of its mRNA-based COVID-19 vaccine. Being one of the first-ever COVID-19 vaccine developers, Moderna generated robust product sales that helped the company transform from a clinical-stage pharmaceutical company to one of the most profitable commercial-stage biotech companies in the healthcare sector.
As COVID-19 infection cases have declined significantly, demand for the COVID vaccines has also dropped significantly, leading to a steep decline in Moderna’s sales and profits.
The higher-than-expected product sales helped the company boost its cash resources. MRNAis developing more than 40 mRNA-based investigational candidates in multiple stages of clinical studies.
Last year, Moderna initiated regulatory submissions for its mRNA-based RSV vaccine mRNA-1345 for use in older adults (aged 60 years and older) in several markets, including the United States and Europe. A potential launch is expected later this year. If approved, mRNA-1345 could be Moderna’s second product launch.
Apart from COVID and RSV, the company is currently evaluating multiple candidates — including cytomegalovirus (CMV), individualized neoantigen therapy (INT), influenza and a refrigerator-stable COVID vaccine — in late-stage studies.
During third-quarter 2023, Moderna reported encouraging data from a phase III immunogenicity study (P303) and a separate phase I/II head-to-head study evaluating an enhanced formulation of flu vaccine mRNA-1010. Participants treated with mRNA-1010 elicited higher immune responses across all four A and B strains of influenza compared with the vaccines marketed by GSK and Sanofi. Given the company’s timetable, we expect mRNA-1010 to be its third product launch, which is also expected in 2024.
Moderna has also completed enrolment in a pivotal phase III study on its CMV vaccine, mRNA-1647. In October 2023, the company advanced mRNA-1083, a combination vaccine against influenza and COVID-19, to late-stage development. Management intends to market this combination vaccine by 2025.
The INT therapy mRNA-4157/V940 is being developed by Moderna in collaboration with partner Merck (MRK - Free Report) . In the first half of 2023, Moderna/Merck reported that a phase IIb study evaluating INT therapy in melanoma patients achieved its primary and key secondary endpoints. Based on this data, Moderna/Merck initiated two separate pivotal late-stage studies in the second half of 2023 evaluating the INT in melanoma and non-small cell lung cancer (NSCLC) indications. Over time, the companies intend to expand mRNA-4157 in other oncology indications.
Based on the encouraging clinical progress of the above candidates, management is gearing up for their commercial launches over the next three years.
Apart from the above candidates, Moderna is also evaluating mRNA-based investigational candidates in multiple mid-stage and early-stage stages of clinical studies, targeting various indications, including the Zika virus. It expects to advance its propionic acidemia (PA) & methylmalonic acidemia (MMA) programs into pivotal studies this year.
However, the company’s target markets are highly competitive and dominated by large-cap pharma companies. Moderna’s COVID-19 vaccine already faces stiff competition from Pfizer (PFE - Free Report) , which directly competes with the company in the COVID-19 vaccine space. Pfizer also markets its own RSV vaccine, Abrysvo, which is approved for use in older adults and pregnant women. Pfizer is also evaluating a combination vaccine against influenza and COVID-19 in a mid-stage study.
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| 2024-01-26T00:11:46Z
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Murphy Oil Corporation (MUR - Free Report) delivered fourth-quarter 2023 adjusted net earnings of 90 cents per share, missing the Zacks Consensus Estimate of $1.03 by 12.6%. The bottom line also declined 18.2% from the year-ago quarter’s earnings of $1.10.
Murphy Oil’s 2023 earnings were $4.52 compared with $5.59 in 2022. This reflected year-over-year decline of 19.1%.
Revenues
In the quarter under review, Murphy Oil’s revenues of $844 million surpassed the Zacks Consensus Estimate of $837 million by 0.8%. The top line declined 13.4% from the prior-year quarter’s $975.2 million.
Murphy Oil’s 2023 revenues were $3.46 billion compared with $3.93 in 2022. This marked year-over-year fall of 11.9%.
Murphy Oil Corporation Price, Consensus and EPS Surprise
Murphy Oil produced 184,679 barrels of oil equivalent per day (“BOE/D”) in fourth-quarter 2023 (excluding non-controlling interest in GOM) compared with 173,589 BOE/D in fourth-quarter 2022. Out of the total fourth-quarter 2023 production, 51% was oil. MUR’s fourth-quarter production was within the expected production volume range of 181,500-1,89,500 BOE/D.
In the quarter under review, Murphy Oil’s total costs and expenses was $641.3 million, down 1.5% from $651.1 million a year ago.
The company incurred net interest charges of $23.7 million, down nearly 31.7% from $34.7 million in the prior-year quarter.
Murphy Oil achieved 2023 debt-reduction target of $500 million, resulting total debt reduction of $1.7 billion. The systematic debt reduction since 2020-end will result in annual interest savings of $84 million.
In 2023, the company repurchased 3.4 million shares worth $150 million, at an average price of $43.96 per share. As of 2023-end, Murphy had $450 million remaining under the share repurchase authorization and 152.7 million shares outstanding.
Proved Reserves
Murphy Oil, after producing 68 million barrels of oil equivalents (MMBOE) for the year, ended 2023 with proved reserves of 724 MMBOE, consisting of 36% oil and 41% liquids. Total reserve replacement was 139% in 2023.
Financial Condition
The company had cash and cash equivalents of $317.1 million as of Dec 31, 2023, compared with $492 million as of Dec 31, 2022. It had $1.1 billion of liquidity as of Dec 31, 2023.
Long-term debt totaled $1,328.4 million as of Dec 31, 2023, compared with $1,822.5 million as of Dec 31, 2022.
Net cash provided by continuing operational activities in 2023 was $1.74 billion compared with $2.18 billion provided in 2022.
Guidance
MUR expects its first-quarter 2024 production, excluding NCI, in the range of 163,000-171,000 BOE/D, with 53% oil volumes.
The company projects 2024 capital expenditures in the range of $0.92- $1.02 billion. Nearly 60% of the expenditure will be completed during first-half of 2024.
MUR anticipates 2024 production in the range of 180,000-188,000 BOE/D with 52% oil and 58% liquid volumes.
Murphy Oil is planning to lower its debt by $300 million in 2024 to further strengthen its balance sheet and reduce interest expenses.
Energy Transfer (ET - Free Report) is going to report fourth-quarter 2023 earnings on Feb 14, after market close. The Zacks Consensus Estimate for fourth-quarter earnings of 29 cents per unit reflects an increase of 3.6% in the last 60 days.
Energy Transfer’s current dividend yield is 8.9%. The consensus estimate for 2024 EPU is pegged at $1.17, indicating an increase of 0.9% in the last 60 days.
Occidental Petroleum (OXY - Free Report) is slated to report fourth-quarter 2023 earnings on Feb 14, after market close. The Zacks Consensus Estimate for fourth-quarter earnings of 91 cents per share reflects a decrease of 26.6% in the last 60 days.
Occidental’s current dividend yield is 1.27%. The consensus estimate for 2024 EPS is pegged at $4.48, indicating a decrease of 23.7% in the last 60 days.
TotalEnergies SE (TTE - Free Report) is scheduled to report fourth-quarter 2023 earnings on Feb 7, before market open. The Zacks Consensus Estimate for fourth-quarter earnings of $2.49 per share reflects a decline of 0.4% in the last 60 days.
TotalEnergies current dividend yield is 3.78%. The consensus estimate for 2024 EPS is pegged at $4.48, indicating a decrease of nearly 5% in the last 60 days.
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| 2024-01-26T00:11:52Z
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Union Pacific Corporation’s (UNP - Free Report) fourth-quarter 2023 earnings of $2.71 per share beat the Zacks Consensus Estimate of $2.56. The bottom line improved 1.5% on a year-over-year basis.
Operating revenues of $6,159 million also beat the Zacks Consensus Estimate of $6,108.7 million. The top line was flat on a year-over-year basis on the back of increased volume and core pricing gains offset by reduced fuel surcharge revenue and business mix.
Freight revenues, accounting for 94.2% of the top line, increased 1% to $5,801 million. However, our projection for the metric fell marginally on a year-over-year basis. Other revenues declined 13% to $358 million in the fourth quarter. The downtick was more than our estimated fall of 7.8%. Business volumes, measured by total revenue carloads, were up 3%.
Operating income was flat year over year at $2.4 billion.
Total operating expenses of $3,752 million remained flat year over year. Fuel expenses plunged 11%. Expenses on purchased services and materials rose 2%.
Compensation and benefits were unchanged year over year. Other cost items grew 20% year over year.
The operating ratio (operating expenses as a percentage of revenues) improved by 10 basis points year over year to 60.9%.
Segmental Performance
Bulk (Grain & grain products, Fertilizer, Food & refrigerated, Coal & renewables) freight revenues were $1,938 million, unchanged on a year-over-year basis. However, we projected the metric to fall 1.1% from the year-ago levels. Segmental revenue carloads improved 3% year over year.
Industrial freight revenues totaled $2,078 million, up 4% year over year. Segmental revenue carloads grew 3% year over year.
Freight revenues in the Premium division were $1,785 million, down 3% year over year. The actual percentage decline was marginally less than our expectation of a 3.4% fall from the prior-year levels. Segmental revenue carloads improved 4% year over year.
Liquidity & Buyback
Union Pacific exited fourth-quarter 2023 with cash and cash equivalents of $1,055 million compared with $973 million at the end of 2022. Debt (due after a year) decreased to $31,156 million at fourth-quarter end from $31,648 million at 2022-end.
Currently, Union Pacific carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Outlook
Capital expenditure is projected to be $3.4 billion for full year 2024.
Management expects not to make any share repurchases in the first quarter.
Performances of Other Transportation Companies
J.B. Hunt Transport Services, Inc.’s (JBHT - Free Report) fourth-quarter 2023 earnings of $1.47 per share missed the Zacks Consensus Estimate of $1.74 and declined 23.4% year over year.
JBHT’s total operating revenues of $3,303.70 million surpassed the Zacks Consensus Estimate of $3,236.2 million but fell 9.5% year over year. Total operating revenues, excluding fuel surcharge revenues, fell 6% year over year.
Delta Air Lines (DAL - Free Report) reported fourth-quarter 2023 earnings (excluding $1.88 from non-recurring items) of $1.28 per share, which comfortably beat the Zacks Consensus Estimate of $1.17. Earnings, however, declined 13.51% on a year-over-year basis due to high labor costs.
Revenues of $14,223 million surpassed the Zacks Consensus Estimate of $14,069.5 million and increased 5.87% on a year-over-year basis driven by strong holiday-air-travel demand. Adjusted operating revenues (excluding third-party refinery sales) came in at $13,661 million, up 11% year over year.
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| 2024-01-26T00:11:53Z
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CSX Corporation’s (CSX - Free Report) fourth-quarter 2023 earnings per share (EPS) of 45 cents beat the Zacks Consensus Estimate of 44 cents. However, the bottom line declined 8.2% year over year.
Total revenues of $3,680 million surpassed the Zacks Consensus Estimate of $3,637.8 million. The top line decreased 1.3% year over year due to lower intermodal storage revenues, reduced fuel surcharge, the effect of lower global benchmark coal prices and a decline in trucking revenues. These factors offset the effects of higher merchandise yields and coal volume growth.
Fourth-quarter operating income fell 10% to $1.32 billion. The operating ratio (operating expenses as a percentage of revenues) rose to 64.1% from 60.9% in the prior-year quarter, with total expenses decreasing 4% year over year.
Segmental Performances
Merchandise revenues improved 5% year over year to $2,182 million in the reported quarter. The metric has surged 4.9% (lower than reported) as per our estimate. Merchandise volumes grew 3% to $648 million. Segmental revenue per unit increased 3%.
Intermodal revenues fell 4% year over year to $552 million. The metric has fallen 18% (wider than reported) as per our estimate. Segmental revenue per unit decreased 4%.
Coal revenues inched down 1% year over year to $620 million in the reported quarter. The metric has fallen 1.5% (wider than reported) as per our estimate. Coal volumes increased 3%. Segmental revenue per unit fell 4%.
Trucking revenues totaled $204 million, down 10% year over year. The metric has fallen 9.1% (narrower than reported) as per our estimate.
Other revenues plunged 47% to $122 million in the reported quarter.
Liquidity and Buyback
CSX exited fourth-quarter 2023 with cash and cash equivalents of $1,353 million compared with $1,958 million at the end of fourth-quarter 2022. Long-term debt totaled $17,975 million compared with $17,896 million at the end of fourth-quarter 2022.
As of Dec 31, 2023, CSX rewarded its shareholders through buybacks worth $18 million.
Currently, CSX carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performances of Other Transportation Companies
J.B. Hunt Transport Services, Inc.’s (JBHT - Free Report) fourth-quarter 2023 earnings of $1.47 per share missed the Zacks Consensus Estimate of $1.74 and declined 23.4% year over year.
JBHT’s total operating revenues of $3,303.70 million outshined the Zacks Consensus Estimate of $3,236.2 million but fell 9.5% year over year. Total operating revenues, excluding fuel surcharge revenue, dipped 6% year over year.
Delta Air Lines (DAL - Free Report) reported fourth-quarter 2023 earnings (excluding $1.88 from non-recurring items) of $1.28 per share, which comfortably beat the Zacks Consensus Estimate of $1.17. Earnings, however, declined 13.51% on a year-over-year basis due to high labor costs.
Revenues of $14,223 million outpaced the Zacks Consensus Estimate of $14,069.5 million and increased 5.87% on a year-over-year basis, driven by strong holiday-air-travel demand. Adjusted operating revenues (excluding third-party refinery sales) came in at $13,661 million, up 11% year over year.
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| 2024-01-26T00:12:00Z
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T-Mobile (TMUS - Free Report) came out with quarterly earnings of $1.67 per share, missing the Zacks Consensus Estimate of $1.90 per share. This compares to earnings of $1.18 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -12.11%. A quarter ago, it was expected that this wireless carrier would post earnings of $1.75 per share when it actually produced earnings of $1.82, delivering a surprise of 4%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
T-Mobile
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
T-Mobile shares have added about 1% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for T-Mobile?
While T-Mobile has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for T-Mobile: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.38 on $20.04 billion in revenues for the coming quarter and $9.78 on $80.35 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Wireless National is currently in the bottom 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Cogent Communications (CCOI - Free Report) , has yet to report results for the quarter ended December 2023.
This internet service provider is expected to post quarterly loss of $0.95 per share in its upcoming report, which represents a year-over-year change of -3266.7%. The consensus EPS estimate for the quarter has been revised 1% lower over the last 30 days to the current level.
Cogent Communications' revenues are expected to be $276.35 million, up 81.8% from the year-ago quarter.
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| 2024-01-26T00:12:06Z
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Princeton Bancorp (BPRN - Free Report) came out with quarterly earnings of $0.82 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $1.13 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.49%. A quarter ago, it was expected that this bank would post earnings of $0.61 per share when it actually produced earnings of $1.02, delivering a surprise of 67.21%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Princeton Bancorp
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Princeton Bancorp shares have lost about 3.9% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for Princeton Bancorp?
While Princeton Bancorp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Princeton Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.70 on $18.22 million in revenues for the coming quarter and $2.87 on $74.96 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Meridian Bank (MRBK - Free Report) , is yet to report results for the quarter ended December 2023.
This company is expected to post quarterly earnings of $0.30 per share in its upcoming report, which represents a year-over-year change of -23.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Meridian Bank's revenues are expected to be $25 million, down 5.7% from the year-ago quarter.
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| 2024-01-26T00:12:12Z
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PCB Bancorp (PCB - Free Report) came out with quarterly earnings of $0.41 per share, missing the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.58 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -14.58%. A quarter ago, it was expected that this company would post earnings of $0.49 per share when it actually produced earnings of $0.49, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
PCB Bancorp
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
PCB Bancorp shares have lost about 4% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for PCB Bancorp?
While PCB Bancorp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for PCB Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.45 on $24.75 million in revenues for the coming quarter and $1.77 on $100.1 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southwest is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the broader Zacks Finance sector, Universal Insurance Holdings (UVE - Free Report) , is yet to report results for the quarter ended December 2023.
This property and casualty insurance company is expected to post quarterly earnings of $0.23 per share in its upcoming report, which represents a year-over-year change of -68.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Universal Insurance Holdings' revenues are expected to be $328.12 million, down 0.7% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216101/pcb-bancorp-pcb-q4-earnings-and-revenues-lag-estimates
| 2024-01-26T00:12:14Z
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Levi Strauss (LEVI - Free Report) came out with quarterly earnings of $0.44 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 4.76%. A quarter ago, it was expected that this jeans maker would post earnings of $0.27 per share when it actually produced earnings of $0.28, delivering a surprise of 3.70%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Levi Strauss
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Levi Strauss shares have lost about 5% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for Levi Strauss?
While Levi Strauss has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Levi Strauss: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.41 on $1.62 billion in revenues for the coming quarter and $1.31 on $6.51 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Apparel and Shoes is currently in the top 45% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Canada Goose (GOOS - Free Report) , is yet to report results for the quarter ended December 2023. The results are expected to be released on February 1.
This high-end coat maker is expected to post quarterly earnings of $1.04 per share in its upcoming report, which represents a year-over-year change of +10.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Canada Goose's revenues are expected to be $431.97 million, up 1.7% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216102/levi-strauss-levi-tops-q4-earnings-estimates
| 2024-01-26T00:12:20Z
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Columbia Financial (CLBK - Free Report) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 28.57%. A quarter ago, it was expected that this company would post earnings of $0.07 per share when it actually produced earnings of $0.09, delivering a surprise of 28.57%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Columbia Financial
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Columbia Financial shares have lost about 1.1% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for Columbia Financial?
While Columbia Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Columbia Financial: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.06 on $52.95 million in revenues for the coming quarter and $0.27 on $221.15 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, PJT Partners (PJT - Free Report) , is yet to report results for the quarter ended December 2023.
This investment bank is expected to post quarterly earnings of $0.76 per share in its upcoming report, which represents a year-over-year change of -29.6%. The consensus EPS estimate for the quarter has been revised 8.1% lower over the last 30 days to the current level.
PJT Partners' revenues are expected to be $280 million, up 0% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216103/columbia-financial-clbk-surpasses-q4-earnings-and-revenue-estimates
| 2024-01-26T00:12:26Z
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Capital One (COF - Free Report) came out with quarterly earnings of $2.24 per share, missing the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $2.82 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -10.40%. A quarter ago, it was expected that this credit card issuer and bank would post earnings of $3.27 per share when it actually produced earnings of $4.45, delivering a surprise of 36.09%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Capital One
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Capital One shares have lost about 0% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for Capital One?
While Capital One has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Capital One: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $3.57 on $9.32 billion in revenues for the coming quarter and $13.73 on $38.37 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Consumer Loans is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Open Lending (LPRO - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023.
This company is expected to post quarterly earnings of $0.05 per share in its upcoming report, which represents a year-over-year change of +266.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Open Lending's revenues are expected to be $27.4 million, up 2.2% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216104/capital-one-cof-misses-q4-earnings-estimates
| 2024-01-26T00:12:32Z
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L3Harris (LHX - Free Report) came out with quarterly earnings of $3.35 per share, beating the Zacks Consensus Estimate of $3.31 per share. This compares to earnings of $3.27 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 1.21%. A quarter ago, it was expected that this technology and communications company would post earnings of $3.06 per share when it actually produced earnings of $3.19, delivering a surprise of 4.25%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
L3Harris
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
L3Harris shares have lost about 3% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for L3Harris?
While L3Harris has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for L3Harris: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $3.02 on $5.1 billion in revenues for the coming quarter and $13.02 on $21.4 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Leidos (LDOS - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023. The results are expected to be released on February 13.
This security and engineering company is expected to post quarterly earnings of $1.73 per share in its upcoming report, which represents a year-over-year change of -5.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Leidos' revenues are expected to be $3.79 billion, up 2.5% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216105/l3harris-lhx-q4-earnings-and-revenues-beat-estimates
| 2024-01-26T00:12:34Z
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Riverview Bancorp (RVSB - Free Report) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -30%. A quarter ago, it was expected that this holding company for Riverview Community Bank would post earnings of $0.12 per share when it actually produced earnings of $0.12, delivering no surprise.
Over the last four quarters, the company has not been able to surpass consensus EPS estimates.
Riverview Bancorp
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Riverview Bancorp shares have lost about 9.4% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for Riverview Bancorp?
While Riverview Bancorp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Riverview Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.08 on $13 million in revenues for the coming quarter and $0.42 on $53 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, First Savings Financial (FSFG - Free Report) , has yet to report results for the quarter ended December 2023.
This bank holding company is expected to post quarterly earnings of $0.55 per share in its upcoming report, which represents a year-over-year change of +34.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
First Savings Financial's revenues are expected to be $19.7 million, down 8.2% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216106/riverview-bancorp-rvsb-q3-earnings-and-revenues-miss-estimates
| 2024-01-26T00:12:40Z
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AppFolio (APPF - Free Report) came out with quarterly earnings of $0.88 per share, beating the Zacks Consensus Estimate of $0.71 per share. This compares to loss of $0.05 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 23.94%. A quarter ago, it was expected that this property management software maker would post earnings of $0.40 per share when it actually produced earnings of $0.59, delivering a surprise of 47.50%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
AppFolio
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
AppFolio shares have added about 1.9% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for AppFolio?
While AppFolio has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for AppFolio: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.74 on $176.89 million in revenues for the coming quarter and $3.28 on $763.07 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Sangoma Technologies Corporation (SANG - Free Report) , is yet to report results for the quarter ended December 2023.
This company is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of -12.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Sangoma Technologies Corporation's revenues are expected to be $63.6 million, up 2.5% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216108/appfolio-appf-q4-earnings-and-revenues-top-estimates
| 2024-01-26T00:12:47Z
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Eastern Bankshares, Inc. (EBC - Free Report) came out with quarterly earnings of $0.10 per share, missing the Zacks Consensus Estimate of $0.21 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -52.38%. A quarter ago, it was expected that this company would post earnings of $0.29 per share when it actually produced earnings of $0.32, delivering a surprise of 10.34%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Eastern Bankshares, Inc.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Eastern Bankshares, Inc. Shares have lost about 1.8% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for Eastern Bankshares, Inc.
While Eastern Bankshares, Inc. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Eastern Bankshares, Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.22 on $155.72 million in revenues for the coming quarter and $1.29 on $820.79 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
First Commonwealth Financial (FCF - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023. The results are expected to be released on January 30.
This financial holding company is expected to post quarterly earnings of $0.39 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
First Commonwealth Financial's revenues are expected to be $123.17 million, up 9.6% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216109/eastern-bankshares-inc-ebc-misses-q4-earnings-estimates
| 2024-01-26T00:12:53Z
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Ameris Bancorp (ABCB - Free Report) came out with quarterly earnings of $1.07 per share, missing the Zacks Consensus Estimate of $1.12 per share. This compares to earnings of $1.17 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -4.46%. A quarter ago, it was expected that this bank would post earnings of $1.13 per share when it actually produced earnings of $1.16, delivering a surprise of 2.65%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Ameris Bancorp
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Ameris Bancorp shares have added about 0.1% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for Ameris Bancorp?
While Ameris Bancorp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Ameris Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.05 on $263.17 million in revenues for the coming quarter and $4.56 on $1.1 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Southeast is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Cadence (CADE - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023. The results are expected to be released on January 29.
This bank is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of -32.1%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.
Cadence's revenues are expected to be $433.99 million, down 8.5% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216110/ameris-bancorp-abcb-lags-q4-earnings-and-revenue-estimates
| 2024-01-26T00:12:54Z
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Arthur J. Gallagher (AJG - Free Report) came out with quarterly earnings of $1.85 per share, beating the Zacks Consensus Estimate of $1.83 per share. This compares to earnings of $1.54 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 1.09%. A quarter ago, it was expected that this insurance and risk-management company would post earnings of $1.94 per share when it actually produced earnings of $2, delivering a surprise of 3.09%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Arthur J. Gallagher
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Arthur J. Gallagher shares have added about 6.3% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for Arthur J. Gallagher?
While Arthur J. Gallagher has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Arthur J. Gallagher: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $3.38 on $2.99 billion in revenues for the coming quarter and $10.03 on $11.09 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Brokerage is currently in the top 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Willis Towers Watson (WTW - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on February 6.
This advisory, broking and solutions company is expected to post quarterly earnings of $7.04 per share in its upcoming report, which represents a year-over-year change of +11.2%. The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level.
Willis Towers Watson's revenues are expected to be $2.9 billion, up 6.7% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216111/arthur-j-gallagher-ajg-beats-q4-earnings-and-revenue-estimates
| 2024-01-26T00:13:01Z
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SouthState (SSB - Free Report) came out with quarterly earnings of $1.67 per share, beating the Zacks Consensus Estimate of $1.54 per share. This compares to earnings of $1.90 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 8.44%. A quarter ago, it was expected that this bank holding company would post earnings of $1.63 per share when it actually produced earnings of $1.62, delivering a surprise of -0.61%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
SouthState
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
SouthState shares have lost about 2.3% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for SouthState?
While SouthState has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for SouthState: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.55 on $418.35 million in revenues for the coming quarter and $6.47 on $1.72 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Blue Owl Capital Corporation (OBDC - Free Report) , is yet to report results for the quarter ended December 2023. The results are expected to be released on February 21.
This company is expected to post quarterly earnings of $0.48 per share in its upcoming report, which represents a year-over-year change of +17.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Blue Owl Capital Corporation's revenues are expected to be $397.42 million, up 13.4% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216112/southstate-ssb-q4-earnings-and-revenues-top-estimates
| 2024-01-26T00:13:07Z
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Intel (INTC - Free Report) reported $15.41 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 9.7%. EPS of $0.54 for the same period compares to $0.10 a year ago.
The reported revenue represents a surprise of +1.75% over the Zacks Consensus Estimate of $15.14 billion. With the consensus EPS estimate being $0.44, the EPS surprise was +22.73%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Intel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Revenues- Client Computing Group: $8.84 billion versus the six-analyst average estimate of $8.32 billion. The reported number represents a year-over-year change of +33.5%.
- Net Revenues- Data Center and AI: $3.99 billion versus the six-analyst average estimate of $4.10 billion. The reported number represents a year-over-year change of -7.4%.
- Net Revenues- Network and Edge: $1.47 billion compared to the $1.55 billion average estimate based on six analysts. The reported number represents a change of -28.6% year over year.
- Net Revenues- Intel Foundry Services: $291 million versus $345.10 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -8.8% change.
- Net Revenues- Mobileye: $637 million compared to the $607.69 million average estimate based on five analysts. The reported number represents a change of +12.7% year over year.
- Net Revenues- All other: $178 million versus $189.47 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +493.3% change.
- Net Revenues- Client Computing- Desktop: $3.16 billion compared to the $2.92 billion average estimate based on two analysts. The reported number represents a change of +26.1% year over year.
- Net Revenues- Client Computing- Notebook: $5.19 billion versus $4.87 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +41.6% change.
Shares of Intel have returned -3.3% over the past month versus the Zacks S&P 500 composite's +2.5% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2216113/intel-intc-q4-earnings-how-key-metrics-compare-to-wall-street-estimates
| 2024-01-26T00:13:13Z
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Walt Disney (DIS - Free Report) closed at $94.86 in the latest trading session, marking a +1.45% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.53%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw an increase of 0.19%.
The entertainment company's stock has climbed by 3.45% in the past month, exceeding the Consumer Discretionary sector's gain of 0.31% and the S&P 500's gain of 2.48%.
Analysts and investors alike will be keeping a close eye on the performance of Walt Disney in its upcoming earnings disclosure. The company's earnings report is set to go public on February 7, 2024. The company's earnings per share (EPS) are projected to be $1, reflecting a 1.01% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $23.47 billion, down 0.16% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.39 per share and revenue of $91.92 billion, indicating changes of +16.76% and +3.4%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for Walt Disney. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 0.25% rise in the Zacks Consensus EPS estimate. Walt Disney is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, Walt Disney is currently being traded at a Forward P/E ratio of 21.3. This represents a premium compared to its industry's average Forward P/E of 18.09.
Also, we should mention that DIS has a PEG ratio of 1.72. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Media Conglomerates industry had an average PEG ratio of 1.75.
The Media Conglomerates industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 113, putting it in the top 45% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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https://www.zacks.com/stock/news/2216114/walt-disney-dis-rises-higher-than-market-key-facts
| 2024-01-26T00:13:15Z
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The latest trading session saw Enphase Energy (ENPH - Free Report) ending at $106.83, denoting a -1.15% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.53% for the day. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw an increase of 0.19%.
Shares of the solar technology company witnessed a loss of 20.32% over the previous month, trailing the performance of the Oils-Energy sector with its loss of 4.39% and the S&P 500's gain of 2.48%.
Market participants will be closely following the financial results of Enphase Energy in its upcoming release. The company plans to announce its earnings on February 6, 2024. It is anticipated that the company will report an EPS of $0.55, marking a 63.58% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $326.17 million, indicating a 54.99% decline compared to the corresponding quarter of the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Enphase Energy. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.95% increase. At present, Enphase Energy boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Enphase Energy is presently being traded at a Forward P/E ratio of 27.6. This denotes a premium relative to the industry's average Forward P/E of 11.28.
We can additionally observe that ENPH currently boasts a PEG ratio of 1.51. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Solar industry stood at 1.04 at the close of the market yesterday.
The Solar industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 219, placing it within the bottom 14% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2216115/enphase-energy-enph-stock-sinks-as-market-gains-what-you-should-know
| 2024-01-26T00:13:21Z
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The latest trading session saw Costco (COST - Free Report) ending at $679.90, denoting a -0.96% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.53%. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq increased by 0.19%.
Prior to today's trading, shares of the warehouse club operator had gained 2.96% over the past month. This has outpaced the Retail-Wholesale sector's gain of 0.63% and the S&P 500's gain of 2.48% in that time.
Market participants will be closely following the financial results of Costco in its upcoming release. It is anticipated that the company will report an EPS of $3.56, marking a 7.88% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $58.81 billion, indicating a 6.42% increase compared to the same quarter of the previous year.
COST's full-year Zacks Consensus Estimates are calling for earnings of $15.78 per share and revenue of $252.73 billion. These results would represent year-over-year changes of +7.42% and +4.31%, respectively.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Costco. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.12% higher. Costco currently has a Zacks Rank of #3 (Hold).
In the context of valuation, Costco is at present trading with a Forward P/E ratio of 43.51. For comparison, its industry has an average Forward P/E of 23.53, which means Costco is trading at a premium to the group.
Investors should also note that COST has a PEG ratio of 4.9 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. COST's industry had an average PEG ratio of 2.25 as of yesterday's close.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 61, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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https://www.zacks.com/stock/news/2216116/costco-cost-stock-declines-while-market-improves-some-information-for-investors
| 2024-01-26T00:13:27Z
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The latest trading session saw InterDigital (IDCC - Free Report) ending at $105.37, denoting a +0.21% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.53%. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq increased by 0.19%.
Prior to today's trading, shares of the wireless research and development company had lost 4.77% over the past month. This has lagged the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48% in that time.
Market participants will be closely following the financial results of InterDigital in its upcoming release. The company plans to announce its earnings on February 15, 2024. It is anticipated that the company will report an EPS of $1.21, marking a 12.04% rise compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $104.31 million, indicating a 10.89% decrease compared to the same quarter of the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for InterDigital. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. InterDigital currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that InterDigital has a Forward P/E ratio of 16.38 right now. This expresses a premium compared to the average Forward P/E of 14.27 of its industry.
Also, we should mention that IDCC has a PEG ratio of 0.94. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. IDCC's industry had an average PEG ratio of 1.49 as of yesterday's close.
The Wireless Equipment industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 99, positioning it in the top 40% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow IDCC in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2216117/interdigital-idcc-rises-but-trails-market-what-investors-should-know
| 2024-01-26T00:13:33Z
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The most recent trading session ended with Super Micro Computer (SMCI - Free Report) standing at $475.58, reflecting a +1.15% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.53%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.19%.
Coming into today, shares of the server technology company had gained 59.39% in the past month. In that same time, the Computer and Technology sector gained 5.21%, while the S&P 500 gained 2.48%.
Investors will be eagerly watching for the performance of Super Micro Computer in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on January 29, 2024. In that report, analysts expect Super Micro Computer to post earnings of $5.07 per share. This would mark year-over-year growth of 55.52%. Our most recent consensus estimate is calling for quarterly revenue of $3.21 billion, up 78.26% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $17.13 per share and a revenue of $10.91 billion, representing changes of +45.05% and +53.2%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Super Micro Computer. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.85% higher within the past month. Currently, Super Micro Computer is carrying a Zacks Rank of #2 (Buy).
Looking at its valuation, Super Micro Computer is holding a Forward P/E ratio of 27.46. This signifies a premium in comparison to the average Forward P/E of 23.9 for its industry.
The Computer- Storage Devices industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 35, placing it within the top 14% of over 250 industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SMCI in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2216118/super-micro-computer-smci-outperforms-broader-market-what-you-need-to-know
| 2024-01-26T00:13:40Z
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In the latest trading session, NIO Inc. (NIO - Free Report) closed at $6.04, marking a -0.49% move from the previous day. This move lagged the S&P 500's daily gain of 0.53%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 0.19%.
The company's stock has dropped by 33.3% in the past month, falling short of the Auto-Tires-Trucks sector's loss of 7.52% and the S&P 500's gain of 2.48%.
Market participants will be closely following the financial results of NIO Inc. in its upcoming release. It is anticipated that the company will report an EPS of -$0.51, marking stability compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $2.29 billion, down 1.86% from the prior-year quarter.
It's also important for investors to be aware of any recent modifications to analyst estimates for NIO Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 18.58% upward. At present, NIO Inc. boasts a Zacks Rank of #2 (Buy).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 64, which puts it in the top 26% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2216119/nio-inc-nio-stock-declines-while-market-improves-some-information-for-investors
| 2024-01-26T00:13:46Z
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C3.ai, Inc. (AI - Free Report) closed the latest trading day at $25.18, indicating a -1.02% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.53%. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.19%.
Prior to today's trading, shares of the company had lost 15.34% over the past month. This has lagged the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48% in that time.
Market participants will be closely following the financial results of C3.ai, Inc. in its upcoming release. The company's upcoming EPS is projected at -$0.28, signifying a 366.67% drop compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $75.92 million, up 13.87% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.73 per share and a revenue of $305.58 million, signifying shifts of -73.81% and +14.54%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for C3.ai, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. C3.ai, Inc. currently has a Zacks Rank of #4 (Sell).
The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 60, this industry ranks in the top 24% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2216120/c3ai-inc-ai-stock-drops-despite-market-gains-important-facts-to-note
| 2024-01-26T00:13:52Z
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Royal Caribbean (RCL - Free Report) ended the recent trading session at $127.71, demonstrating a +1.77% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.53%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.19%.
The cruise operator's stock has dropped by 3.41% in the past month, falling short of the Consumer Discretionary sector's gain of 0.31% and the S&P 500's gain of 2.48%.
Investors will be eagerly watching for the performance of Royal Caribbean in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 1, 2024. The company is forecasted to report an EPS of $1.11, showcasing a 199.11% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $3.37 billion, up 29.58% from the year-ago period.
Investors should also take note of any recent adjustments to analyst estimates for Royal Caribbean. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.37% upward. Currently, Royal Caribbean is carrying a Zacks Rank of #2 (Buy).
Looking at its valuation, Royal Caribbean is holding a Forward P/E ratio of 13.73. This denotes a discount relative to the industry's average Forward P/E of 16.01.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 149, this industry ranks in the bottom 41% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2216121/why-royal-caribbean-rcl-outpaced-the-stock-market-today
| 2024-01-26T00:13:58Z
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Berkshire Hathaway B (BRK.B - Free Report) ended the recent trading session at $380.85, demonstrating a +1.13% swing from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.53%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.19%.
The company's stock has climbed by 5.5% in the past month, exceeding the Finance sector's loss of 2.41% and the S&P 500's gain of 2.48%.
Investors will be eagerly watching for the performance of Berkshire Hathaway B in its upcoming earnings disclosure. The company is forecasted to report an EPS of $1.78, showcasing a 41.64% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $76.73 billion, down 1.84% from the year-ago period.
Investors should also take note of any recent adjustments to analyst estimates for Berkshire Hathaway B. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Currently, Berkshire Hathaway B is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Berkshire Hathaway B is holding a Forward P/E ratio of 20.73. This denotes a premium relative to the industry's average Forward P/E of 12.96.
Meanwhile, BRK.B's PEG ratio is currently 2.96. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Insurance - Property and Casualty industry currently had an average PEG ratio of 1.17 as of yesterday's close.
The Insurance - Property and Casualty industry is part of the Finance sector. This group has a Zacks Industry Rank of 109, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2216122/why-berkshire-hathaway-b-brkb-outpaced-the-stock-market-today
| 2024-01-26T00:14:05Z
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In the latest trading session, Baidu Inc. (BIDU - Free Report) closed at $108.61, marking a -1.82% move from the previous day. This move lagged the S&P 500's daily gain of 0.53%. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq increased by 0.19%.
The web search company's shares have seen a decrease of 3.3% over the last month, not keeping up with the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48%.
The upcoming earnings release of Baidu Inc. will be of great interest to investors. The company's upcoming EPS is projected at $2.89, signifying a 30.77% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $4.98 billion, up 3.89% from the year-ago period.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Baidu Inc. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 3.7% lower within the past month. Baidu Inc. is currently sporting a Zacks Rank of #4 (Sell).
With respect to valuation, Baidu Inc. is currently being traded at a Forward P/E ratio of 8.22. This valuation marks a discount compared to its industry's average Forward P/E of 25.19.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 102, this industry ranks in the top 41% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2216123/baidu-inc-bidu-stock-falls-amid-market-uptick-what-investors-need-to-know
| 2024-01-26T00:14:11Z
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In the latest trading session, Oracle (ORCL - Free Report) closed at $115, marking a +0.6% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.53%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.19%.
Coming into today, shares of the software maker had gained 7.9% in the past month. In that same time, the Computer and Technology sector gained 5.21%, while the S&P 500 gained 2.48%.
The investment community will be paying close attention to the earnings performance of Oracle in its upcoming release. The company's upcoming EPS is projected at $1.37, signifying a 12.3% increase compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $13.27 billion, indicating a 7.07% growth compared to the corresponding quarter of the prior year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.53 per share and a revenue of $53.33 billion, indicating changes of +8.01% and +6.75%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for Oracle. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.15% higher. At present, Oracle boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Oracle is at present trading with a Forward P/E ratio of 20.66. This represents a discount compared to its industry's average Forward P/E of 33.71.
One should further note that ORCL currently holds a PEG ratio of 1.76. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Computer - Software industry had an average PEG ratio of 2.35 as trading concluded yesterday.
The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 81, finds itself in the top 33% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ORCL in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2216124/oracle-orcl-rises-higher-than-market-key-facts
| 2024-01-26T00:14:17Z
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The latest trading session saw SoFi Technologies, Inc. (SOFI - Free Report) ending at $7.65, denoting a +1.19% adjustment from its last day's close. This move outpaced the S&P 500's daily gain of 0.53%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw an increase of 0.19%.
Prior to today's trading, shares of the company had lost 26.74% over the past month. This has lagged the Business Services sector's gain of 0.84% and the S&P 500's gain of 2.48% in that time.
The investment community will be closely monitoring the performance of SoFi Technologies, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on January 29, 2024. The company is predicted to post an EPS of $0, indicating a 100% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $574.33 million, indicating a 25.76% growth compared to the corresponding quarter of the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SoFi Technologies, Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 13.96% lower. SoFi Technologies, Inc. currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, SoFi Technologies, Inc. is holding a Forward P/E ratio of 127.34. This signifies a premium in comparison to the average Forward P/E of 24 for its industry.
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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https://www.zacks.com/stock/news/2216125/sofi-technologies-inc-sofi-exceeds-market-returns-some-facts-to-consider
| 2024-01-26T00:14:24Z
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Immersion (IMMR - Free Report) closed the most recent trading day at $7.03, moving +1.15% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.53%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.19%.
The touch-based technology company's stock has dropped by 2.87% in the past month, falling short of the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48%.
The investment community will be paying close attention to the earnings performance of Immersion in its upcoming release. The company's earnings per share (EPS) are projected to be $0.19, reflecting a 57.78% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $9.25 million, up 0.98% from the year-ago period.
Investors should also take note of any recent adjustments to analyst estimates for Immersion. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Right now, Immersion possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Immersion is currently being traded at a Forward P/E ratio of 9.39. This represents a discount compared to its industry's average Forward P/E of 26.46.
The Computer - Peripheral Equipment industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 26% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2216126/immersion-immr-surpasses-market-returns-some-facts-worth-knowing
| 2024-01-26T00:14:30Z
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The latest trading session saw Marriott International (MAR - Free Report) ending at $242.52, denoting a +1.95% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.53% for the day. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.19%.
Prior to today's trading, shares of the hotel company had gained 5.98% over the past month. This has outpaced the Consumer Discretionary sector's gain of 0.31% and the S&P 500's gain of 2.48% in that time.
The investment community will be paying close attention to the earnings performance of Marriott International in its upcoming release. The company is slated to reveal its earnings on February 13, 2024. The company is expected to report EPS of $2.12, up 8.16% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $6.32 billion, reflecting a 6.63% rise from the equivalent quarter last year.
Investors should also pay attention to any latest changes in analyst estimates for Marriott International. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.07% lower. At present, Marriott International boasts a Zacks Rank of #3 (Hold).
In terms of valuation, Marriott International is currently trading at a Forward P/E ratio of 24.36. This indicates a premium in contrast to its industry's Forward P/E of 23.53.
One should further note that MAR currently holds a PEG ratio of 1.4. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Hotels and Motels industry had an average PEG ratio of 1.5.
The Hotels and Motels industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 79, placing it within the top 32% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2216127/marriott-international-mar-beats-stock-market-upswing-what-investors-need-to-know
| 2024-01-26T00:14:36Z
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Opera Limited Sponsored ADR (OPRA - Free Report) closed the most recent trading day at $10.43, moving -1.79% from the previous trading session. This move lagged the S&P 500's daily gain of 0.53%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw an increase of 0.19%.
The company's shares have seen a decrease of 19.97% over the last month, not keeping up with the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48%.
Analysts and investors alike will be keeping a close eye on the performance of Opera Limited Sponsored ADR in its upcoming earnings disclosure. In that report, analysts expect Opera Limited Sponsored ADR to post earnings of $0.18 per share. This would mark a year-over-year decline of 33.33%. Our most recent consensus estimate is calling for quarterly revenue of $112.2 million, up 16.55% from the year-ago period.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Opera Limited Sponsored ADR. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Opera Limited Sponsored ADR is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Opera Limited Sponsored ADR is currently trading at a Forward P/E ratio of 13.97. This signifies a discount in comparison to the average Forward P/E of 15.44 for its industry.
The Internet - Content industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 198, positioning it in the bottom 22% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2216128/opera-limited-sponsored-adr-opra-stock-dips-while-market-gains-key-facts
| 2024-01-26T00:14:42Z
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Home Depot (HD - Free Report) closed at $350.97 in the latest trading session, marking a +1.07% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.53%. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.19%.
The home-improvement retailer's stock has dropped by 0.36% in the past month, falling short of the Retail-Wholesale sector's gain of 0.63% and the S&P 500's gain of 2.48%.
The upcoming earnings release of Home Depot will be of great interest to investors. The company's earnings report is expected on February 20, 2024. The company is expected to report EPS of $2.75, down 16.67% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $34.58 billion, indicating a 3.49% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $15.05 per share and a revenue of $152.46 billion, demonstrating changes of -9.83% and -3.14%, respectively, from the preceding year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Home Depot. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, Home Depot holds a Zacks Rank of #3 (Hold).
With respect to valuation, Home Depot is currently being traded at a Forward P/E ratio of 23.07. This valuation marks a premium compared to its industry's average Forward P/E of 12.93.
It is also worth noting that HD currently has a PEG ratio of 2.58. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. HD's industry had an average PEG ratio of 2.04 as of yesterday's close.
The Building Products - Retail industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 170, positioning it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HD in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2216129/home-depot-hd-rises-higher-than-market-key-facts
| 2024-01-26T00:14:49Z
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The latest trading session saw Plug Power (PLUG - Free Report) ending at $3.41, denoting a -1.87% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a gain of 0.53% for the day. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq increased by 0.19%.
The alternative energy company's stock has dropped by 26.22% in the past month, falling short of the Industrial Products sector's loss of 1.63% and the S&P 500's gain of 2.48%.
Analysts and investors alike will be keeping a close eye on the performance of Plug Power in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.35, reflecting a 7.89% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $384.53 million, up 74.2% from the prior-year quarter.
Investors should also pay attention to any latest changes in analyst estimates for Plug Power. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.65% higher within the past month. Right now, Plug Power possesses a Zacks Rank of #3 (Hold).
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 10, which puts it in the top 4% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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https://www.zacks.com/stock/news/2216130/plug-power-plug-stock-declines-while-market-improves-some-information-for-investors
| 2024-01-26T00:14:55Z
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In the latest trading session, Coinbase Global, Inc. (COIN - Free Report) closed at $121.01, marking a -0.27% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.53%. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.19%.
Prior to today's trading, shares of the company had lost 34.5% over the past month. This has lagged the Finance sector's loss of 2.41% and the S&P 500's gain of 2.48% in that time.
Market participants will be closely following the financial results of Coinbase Global, Inc. in its upcoming release. The company plans to announce its earnings on February 15, 2024. In that report, analysts expect Coinbase Global, Inc. to post earnings of -$0.12 per share. This would mark year-over-year growth of 95.12%. Meanwhile, our latest consensus estimate is calling for revenue of $710.83 million, up 12.99% from the prior-year quarter.
Any recent changes to analyst estimates for Coinbase Global, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 13.07% increase. Coinbase Global, Inc. is currently a Zacks Rank #2 (Buy).
The Securities and Exchanges industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 19, which puts it in the top 8% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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https://www.zacks.com/stock/news/2216131/coinbase-global-inc-coin-stock-sinks-as-market-gains-what-you-should-know
| 2024-01-26T00:14:56Z
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The latest trading session saw Fortinet (FTNT - Free Report) ending at $65.55, denoting a -0.85% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.53%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 0.19%.
The network security company's shares have seen an increase of 11.41% over the last month, surpassing the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48%.
Market participants will be closely following the financial results of Fortinet in its upcoming release. The company plans to announce its earnings on February 6, 2024. The company is forecasted to report an EPS of $0.43, showcasing a 2.27% downward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $1.41 billion, up 9.77% from the year-ago period.
Investors should also take note of any recent adjustments to analyst estimates for Fortinet. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.7% lower within the past month. As of now, Fortinet holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Fortinet has a Forward P/E ratio of 40.4 right now. This represents a premium compared to its industry's average Forward P/E of 34.62.
Investors should also note that FTNT has a PEG ratio of 2.24 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Internet - Software industry was having an average PEG ratio of 1.78.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 59, this industry ranks in the top 24% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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https://www.zacks.com/stock/news/2216132/fortinet-ftnt-stock-declines-while-market-improves-some-information-for-investors
| 2024-01-26T00:15:02Z
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PepsiCo (PEP - Free Report) closed at $166.56 in the latest trading session, marking a +0.58% move from the prior day. This change outpaced the S&P 500's 0.53% gain on the day. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.19%.
The food and beverage company's stock has dropped by 2.24% in the past month, falling short of the Consumer Staples sector's gain of 3.27% and the S&P 500's gain of 2.48%.
Market participants will be closely following the financial results of PepsiCo in its upcoming release. The company plans to announce its earnings on February 9, 2024. The company is forecasted to report an EPS of $1.72, showcasing a 2.99% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $28.26 billion, indicating a 0.95% increase compared to the same quarter of the previous year.
Investors might also notice recent changes to analyst estimates for PepsiCo. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. As of now, PepsiCo holds a Zacks Rank of #2 (Buy).
Investors should also note PepsiCo's current valuation metrics, including its Forward P/E ratio of 20.41. This signifies a premium in comparison to the average Forward P/E of 18.37 for its industry.
Also, we should mention that PEP has a PEG ratio of 2.48. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Beverages - Soft drinks industry currently had an average PEG ratio of 2.2 as of yesterday's close.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 68, this industry ranks in the top 27% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2216133/why-pepsico-pep-outpaced-the-stock-market-today
| 2024-01-26T00:15:08Z
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CVRx (CVRX - Free Report) came out with a quarterly loss of $0.44 per share versus the Zacks Consensus Estimate of a loss of $0.55. This compares to loss of $0.51 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 20%. A quarter ago, it was expected that this medical device company would post a loss of $0.57 per share when it actually produced a loss of $0.43, delivering a surprise of 24.56%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
CVRx
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
CVRx shares have lost about 12.2% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for CVRx?
While CVRx has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for CVRx: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.53 on $12.2 million in revenues for the coming quarter and -$1.86 on $56 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical - Instruments is currently in the top 45% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Tandem Diabetes Care, Inc. (TNDM - Free Report) , is yet to report results for the quarter ended December 2023. The results are expected to be released on February 21.
This company is expected to post quarterly loss of $0.23 per share in its upcoming report, which represents a year-over-year change of -2200%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Tandem Diabetes Care, Inc.'s revenues are expected to be $208.43 million, down 5.5% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216134/cvrx-cvrx-reports-q4-loss-tops-revenue-estimates
| 2024-01-26T00:15:15Z
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First Financial Bancorp (FFBC - Free Report) came out with quarterly earnings of $0.62 per share, beating the Zacks Consensus Estimate of $0.61 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 1.64%. A quarter ago, it was expected that this holding company for First Financial Bank would post earnings of $0.67 per share when it actually produced earnings of $0.67, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
First Financial
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
First Financial shares have lost about 1.3% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for First Financial?
While First Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for First Financial: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.55 on $200.9 million in revenues for the coming quarter and $2.26 on $814.05 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Heartland Financial (HTLF - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on January 29.
This multibank holding company is expected to post quarterly earnings of $1.07 per share in its upcoming report, which represents a year-over-year change of -21.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Heartland Financial's revenues are expected to be $178.6 million, down 8.5% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216135/first-financial-bancorp-ffbc-tops-q4-earnings-estimates
| 2024-01-26T00:15:16Z
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Midland States Bancorp (MSBI - Free Report) came out with quarterly earnings of $0.89 per share, beating the Zacks Consensus Estimate of $0.79 per share. This compares to earnings of $0.85 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 12.66%. A quarter ago, it was expected that this company would post earnings of $0.77 per share when it actually produced earnings of $0.78, delivering a surprise of 1.30%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Midland States Bancorp
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Midland States Bancorp shares have lost about 2.2% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for Midland States Bancorp?
While Midland States Bancorp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Midland States Bancorp: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.74 on $74.15 million in revenues for the coming quarter and $3.02 on $301.5 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Evans Bancorp (EVBN - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023. The results are expected to be released on February 1.
This bank is expected to post quarterly earnings of $0.44 per share in its upcoming report, which represents a year-over-year change of -60%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Evans Bancorp's revenues are expected to be $17.62 million, down 25.6% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216136/midland-states-bancorp-msbi-q4-earnings-and-revenues-beat-estimates
| 2024-01-26T00:15:22Z
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WSFS Financial (WSFS - Free Report) came out with quarterly earnings of $1.15 per share, beating the Zacks Consensus Estimate of $1.08 per share. This compares to earnings of $1.38 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.48%. A quarter ago, it was expected that this bank holding company would post earnings of $1.06 per share when it actually produced earnings of $1.23, delivering a surprise of 16.04%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
WSFS
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
WSFS shares have lost about 0.2% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for WSFS?
While WSFS has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for WSFS: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.04 on $245.89 million in revenues for the coming quarter and $4.18 on $1 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, HomeStreet (HMST - Free Report) , is yet to report results for the quarter ended December 2023. The results are expected to be released on January 29.
This real estate lender is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of -93.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
HomeStreet's revenues are expected to be $49.73 million, down 23.9% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216137/wsfs-financial-wsfs-q4-earnings-and-revenues-top-estimates
| 2024-01-26T00:15:35Z
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Financial Institutions (FISI - Free Report) came out with quarterly earnings of $0.61 per share, missing the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -16.44%. A quarter ago, it was expected that this holding company for Five Star Bank would post earnings of $0.86 per share when it actually produced earnings of $0.88, delivering a surprise of 2.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Financial Institutions
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Financial Institutions shares have added about 7.1% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for Financial Institutions?
While Financial Institutions has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Financial Institutions: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.78 on $49.81 million in revenues for the coming quarter and $3.15 on $208.21 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Isabella Bank Corporation (ISBA - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023.
This company is expected to post quarterly earnings of $0.69 per share in its upcoming report, which represents a year-over-year change of -16.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Isabella Bank Corporation's revenues are expected to be $20.8 million, up 6.5% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216138/financial-institutions-fisi-q4-earnings-miss-estimates
| 2024-01-26T00:15:42Z
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In the latest market close, Teladoc (TDOC - Free Report) reached $20.35, with a +0.79% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.53%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw an increase of 0.19%.
The telehealth services provider's stock has dropped by 8.52% in the past month, falling short of the Medical sector's gain of 1.36% and the S&P 500's gain of 2.48%.
Investors will be eagerly watching for the performance of Teladoc in its upcoming earnings disclosure. In that report, analysts expect Teladoc to post earnings of -$0.22 per share. This would mark year-over-year growth of 4.35%. In the meantime, our current consensus estimate forecasts the revenue to be $670.77 million, indicating a 5.18% growth compared to the corresponding quarter of the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Teladoc. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Teladoc currently has a Zacks Rank of #3 (Hold).
The Medical Services industry is part of the Medical sector. With its current Zacks Industry Rank of 172, this industry ranks in the bottom 32% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2216139/teladoc-tdoc-outpaces-stock-market-gains-what-you-should-know
| 2024-01-26T00:15:48Z
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In the latest market close, e.l.f. Beauty (ELF - Free Report) reached $156.55, with a +1.08% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.53%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw an increase of 0.19%.
The cosmetics company's stock has climbed by 7.51% in the past month, exceeding the Consumer Staples sector's gain of 3.27% and the S&P 500's gain of 2.48%.
Investors will be eagerly watching for the performance of e.l.f. Beauty in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 6, 2024. In that report, analysts expect e.l.f. Beauty to post earnings of $0.55 per share. This would mark year-over-year growth of 14.58%. In the meantime, our current consensus estimate forecasts the revenue to be $232.16 million, indicating a 58.43% growth compared to the corresponding quarter of the prior year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.71 per share and revenue of $916.42 million. These totals would mark changes of +63.25% and +58.32%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for e.l.f. Beauty. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.14% higher within the past month. As of now, e.l.f. Beauty holds a Zacks Rank of #2 (Buy).
Looking at its valuation, e.l.f. Beauty is holding a Forward P/E ratio of 57.15. This represents a premium compared to its industry's average Forward P/E of 28.16.
Meanwhile, ELF's PEG ratio is currently 1.73. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Cosmetics industry had an average PEG ratio of 2.69.
The Cosmetics industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 172, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2216140/elf-beauty-elf-outpaces-stock-market-gains-what-you-should-know
| 2024-01-26T00:15:54Z
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M.D.C. Holdings, Inc. (MDC - Free Report) ended the recent trading session at $62.62, demonstrating no swing from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.53%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.19%.
Prior to today's trading, shares of the company had gained 11.8% over the past month. This has outpaced the Construction sector's loss of 3.44% and the S&P 500's gain of 2.48% in that time.
The investment community will be closely monitoring the performance of M.D.C. Holdings, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on January 30, 2024. On that day, M.D.C. Holdings, Inc. is projected to report earnings of $1.44 per share, which would represent year-over-year growth of 33.33%. In the meantime, our current consensus estimate forecasts the revenue to be $1.29 billion, indicating a 14.88% decline compared to the corresponding quarter of the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for M.D.C. Holdings, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. M.D.C. Holdings, Inc. is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, M.D.C. Holdings, Inc. is holding a Forward P/E ratio of 11.63. Its industry sports an average Forward P/E of 9.43, so one might conclude that M.D.C. Holdings, Inc. is trading at a premium comparatively.
The Building Products - Home Builders industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 17, placing it within the top 7% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2216141/mdc-holdings-inc-mdc-flat-as-market-gains-what-you-should-know
| 2024-01-26T00:16:00Z
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Datadog (DDOG - Free Report) closed the most recent trading day at $122.19, moving -0.32% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.53% for the day. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 0.19%.
Shares of the data analytics and cloud monitoring company witnessed a loss of 0.83% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 5.21% and the S&P 500's gain of 2.48%.
The investment community will be closely monitoring the performance of Datadog in its forthcoming earnings report. The company is scheduled to release its earnings on February 13, 2024. In that report, analysts expect Datadog to post earnings of $0.43 per share. This would mark year-over-year growth of 65.38%. Simultaneously, our latest consensus estimate expects the revenue to be $566.7 million, showing a 20.73% escalation compared to the year-ago quarter.
It's also important for investors to be aware of any recent modifications to analyst estimates for Datadog. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.08% higher. Datadog is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Datadog is presently trading at a Forward P/E ratio of 71.62. For comparison, its industry has an average Forward P/E of 34.62, which means Datadog is trading at a premium to the group.
It's also important to note that DDOG currently trades at a PEG ratio of 2.51. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Internet - Software industry currently had an average PEG ratio of 1.78 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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https://www.zacks.com/stock/news/2216142/datadog-ddog-stock-falls-amid-market-uptick-what-investors-need-to-know
| 2024-01-26T00:16:07Z
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The most recent trading session ended with Ardmore Shipping (ASC - Free Report) standing at $15.97, reflecting a -1.84% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.53%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw an increase of 0.19%.
Coming into today, shares of the shipping company had gained 14.18% in the past month. In that same time, the Transportation sector lost 3.36%, while the S&P 500 gained 2.48%.
The investment community will be paying close attention to the earnings performance of Ardmore Shipping in its upcoming release. In that report, analysts expect Ardmore Shipping to post earnings of $0.59 per share. This would mark a year-over-year decline of 54.62%. At the same time, our most recent consensus estimate is projecting a revenue of $60.22 million, reflecting a 35.48% fall from the equivalent quarter last year.
It is also important to note the recent changes to analyst estimates for Ardmore Shipping. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Ardmore Shipping is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Ardmore Shipping has a Forward P/E ratio of 7.71 right now. This represents a discount compared to its industry's average Forward P/E of 7.79.
The Transportation - Shipping industry is part of the Transportation sector. This industry, currently bearing a Zacks Industry Rank of 178, finds itself in the bottom 30% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ASC in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2216143/ardmore-shipping-asc-stock-dips-while-market-gains-key-facts
| 2024-01-26T00:16:13Z
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Nucor (NUE - Free Report) closed the latest trading day at $174.70, indicating a +1.2% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.53%. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.19%.
The steel company's shares have seen a decrease of 2.95% over the last month, surpassing the Basic Materials sector's loss of 7.42% and falling behind the S&P 500's gain of 2.48%.
The upcoming earnings release of Nucor will be of great interest to investors. The company's earnings report is expected on January 29, 2024. The company is expected to report EPS of $2.83, down 42.13% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $7.56 billion, down 13.3% from the prior-year quarter.
Investors should also pay attention to any latest changes in analyst estimates for Nucor. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.32% lower. Nucor is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, Nucor is currently exchanging hands at a Forward P/E ratio of 13.75. This indicates a premium in contrast to its industry's Forward P/E of 9.43.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 102, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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https://www.zacks.com/stock/news/2216144/why-nucor-nue-outpaced-the-stock-market-today
| 2024-01-26T00:16:19Z
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JD.com, Inc. (JD - Free Report) closed the latest trading day at $23.93, indicating a +1.4% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.53%. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.19%.
The company's shares have seen a decrease of 14.96% over the last month, not keeping up with the Retail-Wholesale sector's gain of 0.63% and the S&P 500's gain of 2.48%.
The upcoming earnings release of JD.com, Inc. will be of great interest to investors. The company is expected to report EPS of $0.62, down 11.43% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $42.56 billion, down 0.65% from the prior-year quarter.
Investors should also pay attention to any latest changes in analyst estimates for JD.com, Inc. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. JD.com, Inc. is holding a Zacks Rank of #4 (Sell) right now.
From a valuation perspective, JD.com, Inc. is currently exchanging hands at a Forward P/E ratio of 7.89. This indicates a discount in contrast to its industry's Forward P/E of 19.87.
It is also worth noting that JD currently has a PEG ratio of 0.18. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Internet - Commerce industry held an average PEG ratio of 0.57.
The Internet - Commerce industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 113, positioning it in the top 45% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2216145/why-jdcom-inc-jd-outpaced-the-stock-market-today
| 2024-01-26T00:16:25Z
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Kraft Heinz (KHC - Free Report) ended the recent trading session at $37.26, demonstrating a +1.2% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.53% for the day. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw an increase of 0.19%.
The the processed food company with dual headquarters in Pittsburgh and Chicago's shares have seen an increase of 0.82% over the last month, not keeping up with the Consumer Staples sector's gain of 3.27% and the S&P 500's gain of 2.48%.
The investment community will be closely monitoring the performance of Kraft Heinz in its forthcoming earnings report. The company is scheduled to release its earnings on February 14, 2024. The company's upcoming EPS is projected at $0.77, signifying a 9.41% drop compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $6.97 billion, down 5.63% from the prior-year quarter.
Investors should also take note of any recent adjustments to analyst estimates for Kraft Heinz. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.43% downward. As of now, Kraft Heinz holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Kraft Heinz is currently exchanging hands at a Forward P/E ratio of 12.28. This valuation marks a discount compared to its industry's average Forward P/E of 17.31.
It is also worth noting that KHC currently has a PEG ratio of 2.57. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. KHC's industry had an average PEG ratio of 2.31 as of yesterday's close.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2216146/kraft-heinz-khc-rises-higher-than-market-key-facts
| 2024-01-26T00:16:32Z
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DraftKings (DKNG - Free Report) closed the most recent trading day at $38.69, moving +0.6% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.53% for the day. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.19%.
Coming into today, shares of the company had gained 7.46% in the past month. In that same time, the Consumer Discretionary sector gained 0.31%, while the S&P 500 gained 2.48%.
The upcoming earnings release of DraftKings will be of great interest to investors. On that day, DraftKings is projected to report earnings of $0.10 per share, which would represent year-over-year growth of 118.87%. Meanwhile, the latest consensus estimate predicts the revenue to be $1.23 billion, indicating a 44.39% increase compared to the same quarter of the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for DraftKings. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 5.71% higher within the past month. At present, DraftKings boasts a Zacks Rank of #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 102, positioning it in the top 41% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2216147/draftkings-dkng-rises-higher-than-market-key-facts
| 2024-01-26T00:16:38Z
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The most recent trading session ended with Civitas Resources (CIVI - Free Report) standing at $66.29, reflecting a +1.08% shift from the previouse trading day's closing. This move outpaced the S&P 500's daily gain of 0.53%. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq increased by 0.19%.
Shares of the oil and gas company have depreciated by 7.44% over the course of the past month, underperforming the Oils-Energy sector's loss of 4.39% and the S&P 500's gain of 2.48%.
The upcoming earnings release of Civitas Resources will be of great interest to investors. The company is forecasted to report an EPS of $2.96, showcasing a 18.88% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.23 billion, reflecting a 51.03% rise from the equivalent quarter last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Civitas Resources. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 19.1% lower. Civitas Resources currently has a Zacks Rank of #5 (Strong Sell).
In the context of valuation, Civitas Resources is at present trading with a Forward P/E ratio of 5.22. Its industry sports an average Forward P/E of 7.87, so one might conclude that Civitas Resources is trading at a discount comparatively.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 247, putting it in the bottom 2% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2216148/civitas-resources-civi-laps-the-stock-market-heres-why
| 2024-01-26T00:16:44Z
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Sea Limited Sponsored ADR (SE - Free Report) closed at $39.40 in the latest trading session, marking a +0.36% move from the prior day. This move lagged the S&P 500's daily gain of 0.53%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.19%.
Shares of the company have depreciated by 1.85% over the course of the past month, underperforming the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48%.
Analysts and investors alike will be keeping a close eye on the performance of Sea Limited Sponsored ADR in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.23, indicating an 81.6% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.59 billion, indicating a 17.8% increase compared to the same quarter of the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Sea Limited Sponsored ADR. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 142.03% lower within the past month. Sea Limited Sponsored ADR is currently a Zacks Rank #4 (Sell).
Digging into valuation, Sea Limited Sponsored ADR currently has a Forward P/E ratio of 51.88. This denotes a premium relative to the industry's average Forward P/E of 34.62.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 59, which puts it in the top 24% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2216149/sea-limited-sponsored-adr-se-increases-yet-falls-behind-market-what-investors-need-to-know
| 2024-01-26T00:16:50Z
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Twilio (TWLO - Free Report) ended the recent trading session at $72.50, demonstrating a -0.41% swing from the preceding day's closing price. This change lagged the S&P 500's 0.53% gain on the day. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.19%.
The company's shares have seen a decrease of 5.93% over the last month, not keeping up with the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48%.
The investment community will be closely monitoring the performance of Twilio in its forthcoming earnings report. The company is scheduled to release its earnings on February 14, 2024. The company's earnings per share (EPS) are projected to be $0.57, reflecting a 159.09% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $1.04 billion, up 1.42% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Twilio. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 9.33% higher. Twilio is currently a Zacks Rank #2 (Buy).
Looking at valuation, Twilio is presently trading at a Forward P/E ratio of 30.55. This valuation marks a discount compared to its industry's average Forward P/E of 34.62.
Also, we should mention that TWLO has a PEG ratio of 0.65. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Internet - Software industry had an average PEG ratio of 1.78 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 59, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2216150/twilio-twlo-stock-sinks-as-market-gains-what-you-should-know
| 2024-01-26T00:16:57Z
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Roku (ROKU - Free Report) closed the latest trading day at $88.83, indicating a +0.68% change from the previous session's end. The stock's change was more than the S&P 500's daily gain of 0.53%. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq increased by 0.19%.
Prior to today's trading, shares of the video streaming company had lost 6.37% over the past month. This has lagged the Consumer Discretionary sector's gain of 0.31% and the S&P 500's gain of 2.48% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Roku in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be -$0.65, reflecting a 61.76% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $959.66 million, indicating a 10.68% upward movement from the same quarter last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Roku. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.43% higher. Roku is currently sporting a Zacks Rank of #2 (Buy).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 202, this industry ranks in the bottom 20% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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https://www.zacks.com/stock/news/2216151/roku-roku-outpaces-stock-market-gains-what-you-should-know
| 2024-01-26T00:17:04Z
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Upstart Holdings, Inc. (UPST - Free Report) ended the recent trading session at $33.23, demonstrating a -1.31% swing from the preceding day's closing price. This change lagged the S&P 500's 0.53% gain on the day. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.19%.
The company's shares have seen a decrease of 28.24% over the last month, not keeping up with the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48%.
The investment community will be closely monitoring the performance of Upstart Holdings, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on February 13, 2024. The company's earnings per share (EPS) are projected to be -$0.15, reflecting a 40% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $135.28 million, down 7.92% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Upstart Holdings, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 11.75% lower. Upstart Holdings, Inc. is currently a Zacks Rank #4 (Sell).
Looking at valuation, Upstart Holdings, Inc. is presently trading at a Forward P/E ratio of 439.17. This valuation marks a premium compared to its industry's average Forward P/E of 27.43.
The Computers - IT Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 60, this industry ranks in the top 24% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2216152/upstart-holdings-inc-upst-stock-sinks-as-market-gains-what-you-should-know
| 2024-01-26T00:17:10Z
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In the latest trading session, Ares Capital (ARCC - Free Report) closed at $20.49, marking a +0.79% move from the previous day. This move outpaced the S&P 500's daily gain of 0.53%. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.19%.
Heading into today, shares of the private equity firm had gained 1.4% over the past month, outpacing the Finance sector's loss of 2.41% and lagging the S&P 500's gain of 2.48% in that time.
Market participants will be closely following the financial results of Ares Capital in its upcoming release. The company plans to announce its earnings on February 7, 2024. On that day, Ares Capital is projected to report earnings of $0.59 per share, which would represent a year-over-year decline of 6.35%. Meanwhile, our latest consensus estimate is calling for revenue of $683.52 million, up 6.8% from the prior-year quarter.
It's also important for investors to be aware of any recent modifications to analyst estimates for Ares Capital. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Ares Capital currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Ares Capital has a Forward P/E ratio of 8.75 right now. Its industry sports an average Forward P/E of 7.71, so one might conclude that Ares Capital is trading at a premium comparatively.
The Financial - SBIC & Commercial Industry industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 176, which puts it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2216153/ares-capital-arcc-surpasses-market-returns-some-facts-worth-knowing
| 2024-01-26T00:17:16Z
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In the latest trading session, Astrazeneca (AZN - Free Report) closed at $67.02, marking a +0.63% move from the previous day. This change outpaced the S&P 500's 0.53% gain on the day. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq increased by 0.19%.
The pharmaceutical's stock has dropped by 1.11% in the past month, falling short of the Medical sector's gain of 1.36% and the S&P 500's gain of 2.48%.
Analysts and investors alike will be keeping a close eye on the performance of Astrazeneca in its upcoming earnings disclosure. The company's earnings report is set to go public on February 8, 2024. The company's earnings per share (EPS) are projected to be $0.79, reflecting a 14.49% increase from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $12.1 billion, up 8% from the year-ago period.
Any recent changes to analyst estimates for Astrazeneca should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.08% higher within the past month. Currently, Astrazeneca is carrying a Zacks Rank of #3 (Hold).
With respect to valuation, Astrazeneca is currently being traded at a Forward P/E ratio of 15.95. This represents a premium compared to its industry's average Forward P/E of 14.65.
Investors should also note that AZN has a PEG ratio of 1.18 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Large Cap Pharmaceuticals industry stood at 1.82 at the close of the market yesterday.
The Large Cap Pharmaceuticals industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2216154/astrazeneca-azn-laps-the-stock-market-heres-why
| 2024-01-26T00:17:23Z
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SolarEdge Technologies (SEDG - Free Report) closed the latest trading day at $70.44, indicating a +0.34% change from the previous session's end. This move lagged the S&P 500's daily gain of 0.53%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.19%.
The photovoltaic products maker's stock has dropped by 27.2% in the past month, falling short of the Oils-Energy sector's loss of 4.39% and the S&P 500's gain of 2.48%.
The investment community will be closely monitoring the performance of SolarEdge Technologies in its forthcoming earnings report. In that report, analysts expect SolarEdge Technologies to post earnings of -$1.34 per share. This would mark a year-over-year decline of 146.85%. Our most recent consensus estimate is calling for quarterly revenue of $325.35 million, down 63.47% from the year-ago period.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for SolarEdge Technologies. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.29% upward. As of now, SolarEdge Technologies holds a Zacks Rank of #3 (Hold).
Digging into valuation, SolarEdge Technologies currently has a Forward P/E ratio of 108.76. Its industry sports an average Forward P/E of 11.28, so one might conclude that SolarEdge Technologies is trading at a premium comparatively.
Investors should also note that SEDG has a PEG ratio of 5.81 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As of the close of trade yesterday, the Solar industry held an average PEG ratio of 1.04.
The Solar industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 219, positioning it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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https://www.zacks.com/stock/news/2216155/solaredge-technologies-sedg-gains-but-lags-market-what-you-should-know
| 2024-01-26T00:17:29Z
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Unity Software Inc. (U - Free Report) closed the latest trading day at $32.88, indicating a -0.45% change from the previous session's end. The stock's performance was behind the S&P 500's daily gain of 0.53%. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.19%.
Prior to today's trading, shares of the company had lost 22.7% over the past month. This has lagged the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48% in that time.
Market participants will be closely following the financial results of Unity Software Inc. in its upcoming release. The company plans to announce its earnings on February 26, 2024. Alongside, our most recent consensus estimate is anticipating revenue of $540.05 million, indicating a 19.75% upward movement from the same quarter last year.
Any recent changes to analyst estimates for Unity Software Inc. should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Unity Software Inc. currently has a Zacks Rank of #3 (Hold).
With respect to valuation, Unity Software Inc. is currently being traded at a Forward P/E ratio of 36.36. This valuation marks a premium compared to its industry's average Forward P/E of 34.62.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 59, positioning it in the top 24% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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https://www.zacks.com/stock/news/2216156/unity-software-inc-u-stock-drops-despite-market-gains-important-facts-to-note
| 2024-01-26T00:17:35Z
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Amgen (AMGN - Free Report) closed the latest trading day at $310.26, indicating a +1.56% change from the previous session's end. The stock exceeded the S&P 500, which registered a gain of 0.53% for the day. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.19%.
The the stock of world's largest biotech drugmaker has risen by 6.62% in the past month, leading the Medical sector's gain of 1.36% and the S&P 500's gain of 2.48%.
The upcoming earnings release of Amgen will be of great interest to investors. The company's earnings report is expected on February 6, 2024. The company is forecasted to report an EPS of $4.70, showcasing a 14.91% upward movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $8.14 billion, up 18.99% from the year-ago period.
Investors should also take note of any recent adjustments to analyst estimates for Amgen. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.05% higher. Amgen presently features a Zacks Rank of #2 (Buy).
From a valuation perspective, Amgen is currently exchanging hands at a Forward P/E ratio of 15.4. This valuation marks a discount compared to its industry's average Forward P/E of 22.61.
We can also see that AMGN currently has a PEG ratio of 2.72. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Medical - Biomedical and Genetics stocks are, on average, holding a PEG ratio of 1.81 based on yesterday's closing prices.
The Medical - Biomedical and Genetics industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 94, which puts it in the top 38% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMGN in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2216157/amgen-amgn-outperforms-broader-market-what-you-need-to-know
| 2024-01-26T00:17:42Z
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Honda Motor (HMC - Free Report) closed at $32.26 in the latest trading session, marking a +0.19% move from the prior day. This move lagged the S&P 500's daily gain of 0.53%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.19%.
Shares of the automaker have appreciated by 5.54% over the course of the past month, outperforming the Auto-Tires-Trucks sector's loss of 7.52% and the S&P 500's gain of 2.48%.
Analysts and investors alike will be keeping a close eye on the performance of Honda Motor in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.85, indicating a 16.67% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $37.68 billion, indicating a 19.76% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.16 per share and a revenue of $143.49 billion, signifying shifts of +37.29% and +14.79%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Honda Motor. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 6.23% rise in the Zacks Consensus EPS estimate. Honda Motor is currently a Zacks Rank #3 (Hold).
Looking at valuation, Honda Motor is presently trading at a Forward P/E ratio of 7.74. This represents a premium compared to its industry's average Forward P/E of 6.98.
Also, we should mention that HMC has a PEG ratio of 0.37. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. HMC's industry had an average PEG ratio of 0.36 as of yesterday's close.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This industry, currently bearing a Zacks Industry Rank of 64, finds itself in the top 26% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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https://www.zacks.com/stock/news/2216158/honda-motor-hmc-increases-yet-falls-behind-market-what-investors-need-to-know
| 2024-01-26T00:17:48Z
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Weyerhaeuser (WY - Free Report) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.14 per share. This compares to earnings of $0.24 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 14.29%. A quarter ago, it was expected that this timber and paper products company would post earnings of $0.33 per share when it actually produced earnings of $0.33, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Weyerhaeuser
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Weyerhaeuser shares have lost about 4.7% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for Weyerhaeuser?
While Weyerhaeuser has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Weyerhaeuser: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.25 on $1.92 billion in revenues for the coming quarter and $1.14 on $8.06 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Wood is currently in the top 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Boise Cascade (BCC - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023.
This engineered wood products and plywood company is expected to post quarterly earnings of $2.45 per share in its upcoming report, which represents a year-over-year change of -17%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Boise Cascade's revenues are expected to be $1.59 billion, down 2.6% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216159/weyerhaeuser-wy-surpasses-q4-earnings-estimates
| 2024-01-26T00:17:54Z
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Western Alliance (WAL - Free Report) came out with quarterly earnings of $1.91 per share, missing the Zacks Consensus Estimate of $1.93 per share. This compares to earnings of $2.67 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -1.04%. A quarter ago, it was expected that this bank holding company would post earnings of $1.91 per share when it actually produced earnings of $1.97, delivering a surprise of 3.14%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Western Alliance
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Western Alliance shares have added about 0.9% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for Western Alliance?
While Western Alliance has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Western Alliance: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.85 on $704.23 million in revenues for the coming quarter and $7.99 on $2.92 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the bottom 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Coastal Financial Corporation (CCB - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023.
This company is expected to post quarterly earnings of $0.94 per share in its upcoming report, which represents a year-over-year change of -2.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Coastal Financial Corporation's revenues are expected to be $98.4 million, up 2.2% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216160/western-alliance-wal-q4-earnings-and-revenues-miss-estimates
| 2024-01-26T00:18:00Z
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SB Financial Group, Inc. (SBFG - Free Report) came out with quarterly earnings of $0.57 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 62.86%. A quarter ago, it was expected that this company would post earnings of $0.41 per share when it actually produced earnings of $0.40, delivering a surprise of -2.44%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
SB Financial Group, Inc.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
SB Financial Group, Inc. Shares have lost about 3.8% since the beginning of the year versus the S&P 500's gain of 2.1%.
What's Next for SB Financial Group, Inc.
While SB Financial Group, Inc. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for SB Financial Group, Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.32 on $13.1 million in revenues for the coming quarter and $1.58 on $55.64 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
LINKBANCORP, Inc. (LNKB - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023.
This company is expected to post quarterly loss of $0.05 per share in its upcoming report, which represents a year-over-year change of -150%. The consensus EPS estimate for the quarter has been revised 5% lower over the last 30 days to the current level.
LINKBANCORP, Inc.'s revenues are expected to be $16.42 million, up 73% from the year-ago quarter.
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https://www.zacks.com/stock/news/2216161/sb-financial-group-inc-sbfg-surpasses-q4-earnings-and-revenue-estimates
| 2024-01-26T00:18:07Z
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Another strong day in the stock market saw all four major indices gain ground. Stronger prints on Q4 GDP (preliminary, subject to two future revisions), inventory levels, Q4 earnings (for the most part) and new home sales helped buoy bullish sentiment yet again. All four are well above near-term lows set eight days ago. The Dow grew +242 points, +0.64%, while the S&P 500 gained +0.53%. The Nasdaq, which had flirted with a lower close until the final half hour of the trading day, finished +0.18%, and the small-cap Russell 2000 was +0.50%.
New highs were set this session for companies like Amazon (AMZN - Free Report) , Microsoft (MSFT - Free Report) and Alphabet (GOOGL - Free Report) , while they came up just shy at NVIDIA (NVDA - Free Report) . None of these companies have yet reported Q4 earnings, by the way. That said, we do have a decent influx of new Q4 reports hitting the tape in today’s after-hours, so let’s have a gander:
Intel (INTC - Free Report) continued its impressive earnings streak — the company notched its fourth-straight quarterly earnings beat — on +10% revenue growth, year over year. Earnings of 54 cents per share outpaced the Zacks consensus by a solid dime, while top-line sales of $15.4 billion swept past the $15.14% expected. For the full year, Intel posted earnings of $1.05 per share on $54.2 in revenues — better than the 95 cents and $53.96 billion expected, respectively.
Speaking of impressive earnings streaks, Visa (V - Free Report) still has no blemishes on its graph going back more than 10 years. Earnings of $2.41 per share outperformed expectations by 8 cents per share in its fiscal Q1, with $8.6 billion in revenues surpassing the estimated $8.5 billion. The company’s Payments Volume rose +8% year over year, which was slightly below the previous quarter.
T-Mobile U.S. (TMUS - Free Report) posted mixed Q4 results after today’s closing bell. missing on its bottom line — earnings of $1.67 per share from expectations of $1.90 — while beating slightly on its top line — revenues of $20.4 billion versus expectations of $19.69 billion. Just yesterday, T-Mobile announced a cash dividend of 65 cents per share of its outstanding and private stock. Shares are ping-ponging in late trading; currently they are down -2.8%.
Tomorrow brings us the December Personal Consumer Expenditure (PCE) report, expected to tick up slightly on headline month over month and core year over year. Core PCE the previous month notched the lowest level of the one-year cycle, +2.64%, coming off +5.49% back in January of last year. The inflation-highs we saw on this metric was back in mid-2022, around +7%. Thus, while we may see a bit of push and pull at current levels, we’ve come a long way down.
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https://www.zacks.com/stock/news/2216162/markets-close-in-the-green-intc-visa-beat-t-mobile-mixed
| 2024-01-26T00:18:13Z
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In the latest market close, Infineon Technologies AG (IFNNY - Free Report) reached $37.32, with a -1.63% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.53%. On the other hand, the Dow registered a gain of 0.64%, and the technology-centric Nasdaq increased by 0.19%.
Shares of the company have depreciated by 10.18% over the course of the past month, underperforming the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48%.
The investment community will be paying close attention to the earnings performance of Infineon Technologies AG in its upcoming release. The company is predicted to post an EPS of $0.50, indicating a 23.08% decline compared to the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.52 per share and revenue of $18.19 billion, which would represent changes of -10.95% and +4.41%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Infineon Technologies AG. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.4% higher. Right now, Infineon Technologies AG possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Infineon Technologies AG is presently trading at a Forward P/E ratio of 15.07. For comparison, its industry has an average Forward P/E of 30.2, which means Infineon Technologies AG is trading at a discount to the group.
We can additionally observe that IFNNY currently boasts a PEG ratio of 2.78. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Electronics - Semiconductors industry had an average PEG ratio of 3.12.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 109, positioning it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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https://www.zacks.com/stock/news/2216163/infineon-technologies-ag-ifnny-stock-drops-despite-market-gains-important-facts-to-note
| 2024-01-26T00:18:19Z
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In the latest trading session, United Parcel Service (UPS - Free Report) closed at $159.71, marking a +2% move from the previous day. The stock exceeded the S&P 500, which registered a gain of 0.53% for the day. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 0.19%.
Shares of the package delivery service witnessed a loss of 0.17% over the previous month, beating the performance of the Transportation sector with its loss of 3.36% and underperforming the S&P 500's gain of 2.48%.
Market participants will be closely following the financial results of United Parcel Service in its upcoming release. The company plans to announce its earnings on January 30, 2024. The company's earnings per share (EPS) are projected to be $2.44, reflecting a 32.6% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $25.31 billion, showing a 6.39% drop compared to the year-ago quarter.
Investors should also pay attention to any latest changes in analyst estimates for United Parcel Service. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.21% higher within the past month. United Parcel Service is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note United Parcel Service's current valuation metrics, including its Forward P/E ratio of 16.66. This represents a premium compared to its industry's average Forward P/E of 15.36.
Meanwhile, UPS's PEG ratio is currently 1.67. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Transportation - Air Freight and Cargo stocks are, on average, holding a PEG ratio of 1.67 based on yesterday's closing prices.
The Transportation - Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 244, putting it in the bottom 4% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow UPS in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2216164/united-parcel-service-ups-laps-the-stock-market-heres-why
| 2024-01-26T00:18:25Z
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In the latest trading session, Newmont Corporation (NEM - Free Report) closed at $34.49, marking a +0.15% move from the previous day. This move lagged the S&P 500's daily gain of 0.53%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 0.19%.
Shares of the gold and copper miner have depreciated by 18.74% over the course of the past month, underperforming the Basic Materials sector's loss of 7.42% and the S&P 500's gain of 2.48%.
The investment community will be paying close attention to the earnings performance of Newmont Corporation in its upcoming release. The company is slated to reveal its earnings on February 22, 2024. The company is predicted to post an EPS of $0.51, indicating a 15.91% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $3.17 billion, indicating a 0.89% downward movement from the same quarter last year.
It is also important to note the recent changes to analyst estimates for Newmont Corporation. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 7.41% downward. As of now, Newmont Corporation holds a Zacks Rank of #5 (Strong Sell).
Investors should also note Newmont Corporation's current valuation metrics, including its Forward P/E ratio of 14.97. This denotes a premium relative to the industry's average Forward P/E of 12.17.
One should further note that NEM currently holds a PEG ratio of 2.41. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Mining - Miscellaneous industry currently had an average PEG ratio of 1.82 as of yesterday's close.
The Mining - Miscellaneous industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 163, placing it within the bottom 36% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NEM in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2216165/newmont-corporation-nem-rises-yet-lags-behind-market-some-facts-worth-knowing
| 2024-01-26T00:18:32Z
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Pinterest (PINS - Free Report) ended the recent trading session at $36.99, demonstrating a +1.29% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.53% for the day. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.19%.
The the stock of digital pinboard and shopping tool company has fallen by 2.09% in the past month, lagging the Computer and Technology sector's gain of 5.21% and the S&P 500's gain of 2.48%.
Analysts and investors alike will be keeping a close eye on the performance of Pinterest in its upcoming earnings disclosure. The company's earnings report is set to go public on February 8, 2024. The company is expected to report EPS of $0.51, up 75.86% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $988.62 million, indicating a 12.7% upward movement from the same quarter last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Pinterest. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 3.48% higher within the past month. Pinterest is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Pinterest is holding a Forward P/E ratio of 28.03. For comparison, its industry has an average Forward P/E of 34.62, which means Pinterest is trading at a discount to the group.
We can also see that PINS currently has a PEG ratio of 0.78. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. PINS's industry had an average PEG ratio of 1.78 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 59, positioning it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2216166/pinterest-pins-outperforms-broader-market-what-you-need-to-know
| 2024-01-26T00:18:38Z
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Encore Wire (WIRE - Free Report) closed the most recent trading day at $219.14, moving +1.26% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.53%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw an increase of 0.19%.
Prior to today's trading, shares of the copper wire maker had gained 0.74% over the past month. This has outpaced the Industrial Products sector's loss of 1.63% and lagged the S&P 500's gain of 2.48% in that time.
The upcoming earnings release of Encore Wire will be of great interest to investors. The company is predicted to post an EPS of $4.05, indicating a 51.09% decline compared to the equivalent quarter last year.
Investors should also take note of any recent adjustments to analyst estimates for Encore Wire. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Encore Wire currently has a Zacks Rank of #3 (Hold).
Looking at valuation, Encore Wire is presently trading at a Forward P/E ratio of 13.62. Its industry sports an average Forward P/E of 13.74, so one might conclude that Encore Wire is trading at a discount comparatively.
The Wire and Cable Products industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 192, placing it within the bottom 24% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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https://www.zacks.com/stock/news/2216167/encore-wire-wire-beats-stock-market-upswing-what-investors-need-to-know
| 2024-01-26T00:18:45Z
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Warner Bros. Discovery (WBD - Free Report) closed the most recent trading day at $10.58, moving +1.63% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.53%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw an increase of 0.19%.
Prior to today's trading, shares of the operator of cable TV channels such as TLC and Animal Planet had lost 9.4% over the past month. This has lagged the Consumer Discretionary sector's gain of 0.31% and the S&P 500's gain of 2.48% in that time.
The upcoming earnings release of Warner Bros. Discovery will be of great interest to investors. The company is predicted to post an EPS of $0, indicating a 100% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $10.29 billion, indicating a 6.52% decrease compared to the same quarter of the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Warner Bros. Discovery. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 20.32% lower. Warner Bros. Discovery presently features a Zacks Rank of #3 (Hold).
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 202, positioning it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2216168/warner-bros-discovery-wbd-beats-stock-market-upswing-what-investors-need-to-know
| 2024-01-26T00:18:52Z
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W.P. Carey (WPC - Free Report) ended the recent trading session at $63.47, demonstrating a -0.38% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.53%. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.19%.
Heading into today, shares of the real estate investment trust had lost 2.79% over the past month, lagging the Finance sector's loss of 2.41% and the S&P 500's gain of 2.48% in that time.
The investment community will be closely monitoring the performance of W.P. Carey in its forthcoming earnings report. The company is forecasted to report an EPS of $1.21, showcasing a 6.2% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $428.15 million, reflecting a 6.34% rise from the equivalent quarter last year.
Any recent changes to analyst estimates for W.P. Carey should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, W.P. Carey holds a Zacks Rank of #2 (Buy).
In terms of valuation, W.P. Carey is presently being traded at a Forward P/E ratio of 13.45. For comparison, its industry has an average Forward P/E of 11.22, which means W.P. Carey is trading at a premium to the group.
Meanwhile, WPC's PEG ratio is currently 7.78. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The REIT and Equity Trust - Other industry had an average PEG ratio of 2.51 as trading concluded yesterday.
The REIT and Equity Trust - Other industry is part of the Finance sector. This group has a Zacks Industry Rank of 149, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2216169/wp-carey-wpc-stock-drops-despite-market-gains-important-facts-to-note
| 2024-01-26T00:19:01Z
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The latest trading session saw SunOpta (STKL - Free Report) ending at $5.97, denoting a +1.53% adjustment from its last day's close. The stock exceeded the S&P 500, which registered a gain of 0.53% for the day. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.19%.
Prior to today's trading, shares of the natural and organic food company had gained 7.3% over the past month. This has outpaced the Consumer Staples sector's gain of 3.27% and the S&P 500's gain of 2.48% in that time.
The upcoming earnings release of SunOpta will be of great interest to investors. The company is forecasted to report an EPS of $0.01, showcasing a 50% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $165.1 million, indicating a 25.39% decline compared to the corresponding quarter of the prior year.
Any recent changes to analyst estimates for SunOpta should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, SunOpta holds a Zacks Rank of #4 (Sell).
Looking at its valuation, SunOpta is holding a Forward P/E ratio of 43.56. Its industry sports an average Forward P/E of 17.31, so one might conclude that SunOpta is trading at a premium comparatively.
The Food - Miscellaneous industry is part of the Consumer Staples sector. With its current Zacks Industry Rank of 202, this industry ranks in the bottom 20% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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https://www.zacks.com/stock/news/2216170/sunopta-stkl-beats-stock-market-upswing-what-investors-need-to-know
| 2024-01-26T00:19:07Z
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XPeng Inc. Sponsored ADR (XPEV - Free Report) closed the latest trading day at $9.05, indicating a -1.63% change from the previous session's end. This change lagged the S&P 500's 0.53% gain on the day. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.19%.
Prior to today's trading, shares of the company had lost 32.6% over the past month. This has lagged the Auto-Tires-Trucks sector's loss of 7.52% and the S&P 500's gain of 2.48% in that time.
The upcoming earnings release of XPeng Inc. Sponsored ADR will be of great interest to investors. The company's upcoming EPS is projected at -$0.29, signifying a 21.62% increase compared to the same quarter of the previous year.
Investors might also notice recent changes to analyst estimates for XPeng Inc. Sponsored ADR. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 7.4% lower. XPeng Inc. Sponsored ADR is currently sporting a Zacks Rank of #4 (Sell).
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 64, putting it in the top 26% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2216171/xpeng-inc-sponsored-adr-xpev-stock-dips-while-market-gains-key-facts
| 2024-01-26T00:19:13Z
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Crocs (CROX - Free Report) closed the latest trading day at $100.66, indicating a +0.46% change from the previous session's end. This change lagged the S&P 500's 0.53% gain on the day. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.19%.
Prior to today's trading, shares of the footwear company had gained 6.02% over the past month. This has outpaced the Consumer Discretionary sector's gain of 0.31% and the S&P 500's gain of 2.48% in that time.
The upcoming earnings release of Crocs will be of great interest to investors. The company's upcoming EPS is projected at $2.42, signifying an 8.68% drop compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $956.18 million, indicating a 1.17% upward movement from the same quarter last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Crocs. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.3% lower within the past month. Crocs is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Crocs has a Forward P/E ratio of 8.4 right now. This represents a discount compared to its industry's average Forward P/E of 12.4.
Meanwhile, CROX's PEG ratio is currently 1.3. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Textile - Apparel was holding an average PEG ratio of 1.54 at yesterday's closing price.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 176, finds itself in the bottom 31% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CROX in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2216172/crocs-crox-advances-but-underperforms-market-key-facts
| 2024-01-26T00:19:20Z
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Duke Energy (DUK - Free Report) closed at $95.73 in the latest trading session, marking a +1.26% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.53%. Meanwhile, the Dow gained 0.64%, and the Nasdaq, a tech-heavy index, added 0.19%.
Coming into today, shares of the electric utility had lost 1.83% in the past month. In that same time, the Utilities sector lost 7.77%, while the S&P 500 gained 2.48%.
Market participants will be closely following the financial results of Duke Energy in its upcoming release. The company plans to announce its earnings on February 8, 2024. The company is forecasted to report an EPS of $1.56, showcasing a 40.54% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.53 billion, up 2.45% from the year-ago period.
It's also important for investors to be aware of any recent modifications to analyst estimates for Duke Energy. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.34% higher. Duke Energy is currently a Zacks Rank #3 (Hold).
In the context of valuation, Duke Energy is at present trading with a Forward P/E ratio of 15.83. This valuation marks a premium compared to its industry's average Forward P/E of 14.15.
It is also worth noting that DUK currently has a PEG ratio of 2.5. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Utility - Electric Power industry had an average PEG ratio of 2.5 as trading concluded yesterday.
The Utility - Electric Power industry is part of the Utilities sector. Currently, this industry holds a Zacks Industry Rank of 102, positioning it in the top 41% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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https://www.zacks.com/stock/news/2216173/duke-energy-duk-beats-stock-market-upswing-what-investors-need-to-know
| 2024-01-26T00:19:27Z
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Siemens AG (SIEGY - Free Report) closed the most recent trading day at $90.82, moving +0.01% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.53%. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.19%.
The the stock of company has fallen by 2.97% in the past month, lagging the Industrial Products sector's loss of 1.63% and the S&P 500's gain of 2.48%.
Analysts and investors alike will be keeping a close eye on the performance of Siemens AG in its upcoming earnings disclosure. The company is expected to report EPS of $1.24, up 29.17% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.51 per share and revenue of $90.19 billion. These totals would mark changes of +4.16% and +7.75%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Siemens AG. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 3.25% higher. Siemens AG presently features a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Siemens AG is holding a Forward P/E ratio of 16.47. This represents a premium compared to its industry's average Forward P/E of 14.18.
It is also worth noting that SIEGY currently has a PEG ratio of 2.19. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Industrial Services industry had an average PEG ratio of 1.22 as trading concluded yesterday.
The Industrial Services industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 87, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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https://www.zacks.com/stock/news/2216174/heres-why-siemens-ag-siegy-gained-but-lagged-the-market-today
| 2024-01-26T00:19:33Z
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Copart, Inc. (CPRT - Free Report) closed the latest trading day at $48.99, indicating a +0.7% change from the previous session's end. This move outpaced the S&P 500's daily gain of 0.53%. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.19%.
Prior to today's trading, shares of the company had lost 0.47% over the past month. This has lagged the Business Services sector's gain of 0.84% and the S&P 500's gain of 2.48% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Copart, Inc. in its upcoming earnings disclosure. The company is expected to report EPS of $0.35, up 12.9% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.04 billion, indicating a 9.07% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $1.45 per share and revenue of $4.24 billion, indicating changes of +15.08% and +9.57%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Copart, Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Copart, Inc. is currently a Zacks Rank #2 (Buy).
In terms of valuation, Copart, Inc. is presently being traded at a Forward P/E ratio of 33.55. This signifies no noticeable deviation in comparison to the average Forward P/E of 33.55 for its industry.
The Auction and Valuation Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 4, placing it within the top 2% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2216175/copart-inc-cprt-beats-stock-market-upswing-what-investors-need-to-know
| 2024-01-26T00:19:39Z
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Norwegian Cruise Line (NCLH - Free Report) closed the latest trading day at $17.75, indicating a +1.37% change from the previous session's end. This move outpaced the S&P 500's daily gain of 0.53%. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.19%.
Prior to today's trading, shares of the cruise operator had lost 14.08% over the past month. This has lagged the Consumer Discretionary sector's gain of 0.31% and the S&P 500's gain of 2.48% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Norwegian Cruise Line in its upcoming earnings disclosure. The company is expected to report EPS of -$0.07, up 93.27% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.99 billion, indicating a 30.83% growth compared to the corresponding quarter of the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Norwegian Cruise Line. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.94% lower within the past month. Norwegian Cruise Line is currently a Zacks Rank #3 (Hold).
In the context of valuation, Norwegian Cruise Line is at present trading with a Forward P/E ratio of 15.08. This denotes a discount relative to the industry's average Forward P/E of 16.01.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 149, putting it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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https://www.zacks.com/stock/news/2216176/norwegian-cruise-line-nclh-beats-stock-market-upswing-what-investors-need-to-know
| 2024-01-26T00:19:45Z
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Annaly Capital Management (NLY - Free Report) closed the latest trading day at $19.64, indicating a +0.98% change from the previous session's end. The stock outpaced the S&P 500's daily gain of 0.53%. Elsewhere, the Dow saw an upswing of 0.64%, while the tech-heavy Nasdaq appreciated by 0.19%.
Shares of the real estate investment trust have depreciated by 5.26% over the course of the past month, underperforming the Finance sector's loss of 2.41% and the S&P 500's gain of 2.48%.
Investors will be eagerly watching for the performance of Annaly Capital Management in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 7, 2024. The company's earnings per share (EPS) are projected to be $0.64, reflecting a 28.09% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $296 million, up 119.11% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Annaly Capital Management. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.23% lower. Annaly Capital Management is currently a Zacks Rank #4 (Sell).
In terms of valuation, Annaly Capital Management is presently being traded at a Forward P/E ratio of 7.38. This valuation marks a discount compared to its industry's average Forward P/E of 7.9.
The REIT and Equity Trust industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 191, positioning it in the bottom 25% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2216177/annaly-capital-management-nly-laps-the-stock-market-heres-why
| 2024-01-26T00:19:51Z
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Toyota Motor Corporation (TM - Free Report) closed at $199.56 in the latest trading session, marking a -0.58% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.53%. Elsewhere, the Dow gained 0.64%, while the tech-heavy Nasdaq added 0.19%.
Shares of the company witnessed a gain of 11.07% over the previous month, beating the performance of the Auto-Tires-Trucks sector with its loss of 7.52% and the S&P 500's gain of 2.48%.
The investment community will be paying close attention to the earnings performance of Toyota Motor Corporation in its upcoming release. The company is slated to reveal its earnings on February 6, 2024. On that day, Toyota Motor Corporation is projected to report earnings of $3.66 per share, which would represent a year-over-year decline of 3.17%. Our most recent consensus estimate is calling for quarterly revenue of $73.72 billion, up 6.59% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $19.48 per share and revenue of $305.05 billion, indicating changes of +46.69% and +11.03%, respectively, compared to the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Toyota Motor Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.85% increase. As of now, Toyota Motor Corporation holds a Zacks Rank of #3 (Hold).
From a valuation perspective, Toyota Motor Corporation is currently exchanging hands at a Forward P/E ratio of 10.31. Its industry sports an average Forward P/E of 6.98, so one might conclude that Toyota Motor Corporation is trading at a premium comparatively.
One should further note that TM currently holds a PEG ratio of 0.42. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Automotive - Foreign stocks are, on average, holding a PEG ratio of 0.36 based on yesterday's closing prices.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 64, positioning it in the top 26% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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https://www.zacks.com/stock/news/2216178/toyota-motor-corporation-tm-stock-dips-while-market-gains-key-facts
| 2024-01-26T00:20:01Z
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