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In its upcoming report, RenaissanceRe (RNR - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $8.13 per share, reflecting an increase of 10.9% compared to the same period last year. Revenues are forecasted to be $2.2 billion, representing a year-over-year increase of 19.2%.
The consensus EPS estimate for the quarter has been revised 2.3% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Given this perspective, it's time to examine the average forecasts of specific RenaissanceRe metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Revenues- Net premiums earned' reaching $1.83 billion. The estimate indicates a change of +12.4% from the prior-year quarter.
The consensus among analysts is that 'Revenues- Equity in earnings (losses) of other ventures' will reach $6.91 million. The estimate indicates a year-over-year change of -18.9%.
Analysts predict that the 'Revenues- Net investment income' will reach $367.56 million. The estimate indicates a change of +74% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenues- Other income (loss)' of $2.22 million. The estimate suggests a change of -71.1% year over year.
According to the collective judgment of analysts, 'Net premiums earned- Casualty and Specialty' should come in at $1.01 billion. The estimate suggests a change of +8.4% year over year.
It is projected by analysts that the 'Net premiums earned- Property' will reach $720.20 million. The estimate suggests a change of +4.6% year over year.
The consensus estimate for 'Net Claims and Claim Expense Ratio' stands at 51.9%. Compared to the current estimate, the company reported 50.7% in the same quarter of the previous year.
Analysts expect 'Combined Ratio' to come in at 83.3%. The estimate is in contrast to the year-ago figure of 80.5%.
The average prediction of analysts places 'Net Claims and Claim Expense Ratio - calendar year - Casualty and Specialty Segment' at 64.1%. The estimate is in contrast to the year-ago figure of 62.2%.
The combined assessment of analysts suggests that 'Combined Ratio - Casualty and Specialty Segment' will likely reach 96.0%. Compared to the present estimate, the company reported 93.7% in the same quarter last year.
Analysts forecast 'Net Claims and Claim Expense Ratio - calendar year - Property Segment' to reach 35.3%. Compared to the current estimate, the company reported 34.9% in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Combined Ratio - Property Segment' should arrive at 64.2%. Compared to the current estimate, the company reported 62.6% in the same quarter of the previous year.
View all Key Company Metrics for RenaissanceRe here>>>
Shares of RenaissanceRe have demonstrated returns of +8.8% over the past month compared to the Zacks S&P 500 composite's +2.5% change. With a Zacks Rank #3 (Hold), RNR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217028/curious-about-renaissancere-rnr-q4-performance-explore-wall-street-estimates-for-key-metrics?-explore-wall-street-estimates-for-key-metrics
| 2024-01-30T02:49:06Z
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Analysts on Wall Street project that Markel Group (MKL - Free Report) will announce quarterly earnings of $23.58 per share in its forthcoming report, representing a decline of 9.8% year over year. Revenues are projected to reach $3.75 billion, increasing 3.8% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 1.2% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Markel Group metrics that are commonly monitored and projected by Wall Street analysts.
Based on the collective assessment of analysts, 'Operating revenues- Net investment income' should arrive at $199.65 million. The estimate indicates a change of +37.6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Operating revenues- Earned premiums' of $2.14 billion. The estimate suggests a change of +5.1% year over year.
Analysts predict that the 'Net Earned Premiums- Reinsurance' will reach $280.53 million. The estimate suggests a change of +10.1% year over year.
The average prediction of analysts places 'Net Earned Premiums- Insurance' at $1.91 billion. The estimate indicates a change of +6.8% from the prior-year quarter.
Analysts forecast 'Underwriting Expenses Ratio' to reach 33.2%. The estimate is in contrast to the year-ago figure of 33.2%.
It is projected by analysts that the 'Combined Ratio' will reach 94.2%. The estimate is in contrast to the year-ago figure of 93.8%.
Analysts' assessment points toward 'Loss Ratio - Insurance Segment (Underwriting Ratios)' reaching 60.8%. The estimate compares to the year-ago value of 60.7%.
View all Key Company Metrics for Markel Group here>>>
Shares of Markel Group have experienced a change of +3.9% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), MKL is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217029/curious-about-markel-group-mkl-q4-performance-explore-wall-street-estimates-for-key-metrics?-explore-wall-street-estimates-for-key-metrics
| 2024-01-30T02:49:12Z
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Analysts on Wall Street project that Eaton (ETN - Free Report) will announce quarterly earnings of $2.47 per share in its forthcoming report, representing an increase of 19.9% year over year. Revenues are projected to reach $5.89 billion, increasing 9.5% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 1.1% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Eaton metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Net Sales- eMobility' will likely reach $193.88 million. The estimate indicates a change of +39.5% from the prior-year quarter.
Analysts forecast 'Net Sales- Aerospace' to reach $897.30 million. The estimate suggests a change of +10.5% year over year.
Analysts expect 'Net Sales- Vehicle' to come in at $714.29 million. The estimate suggests a change of +1% year over year.
It is projected by analysts that the 'Net Sales- Electrical Global' will reach $1.48 billion. The estimate indicates a change of +3.7% from the prior-year quarter.
The average prediction of analysts places 'Net Sales- Electrical Americas' at $2.61 billion. The estimate points to a change of +13.6% from the year-ago quarter.
The consensus estimate for 'Operating Profit- Aerospace' stands at $230.32 million. The estimate is in contrast to the year-ago figure of $199 million.
Analysts' assessment points toward 'Operating Profit- Vehicle' reaching $128.52 million. The estimate compares to the year-ago value of $107 million.
The consensus among analysts is that 'Operating Profit- Electrical Global' will reach $276.25 million. The estimate is in contrast to the year-ago figure of $268 million.
According to the collective judgment of analysts, 'Operating Profit- Electrical Americas' should come in at $676.96 million. Compared to the current estimate, the company reported $545 million in the same quarter of the previous year.
View all Key Company Metrics for Eaton here>>>
Eaton shares have witnessed a change of +2.1% in the past month, in contrast to the Zacks S&P 500 composite's +2.5% move. With a Zacks Rank #2 (Buy), ETN is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217030/insights-into-eaton-etn-q4-wall-street-projections-for-key-metrics
| 2024-01-30T02:49:18Z
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In its upcoming report, MGIC Investment (MTG - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.57 per share, reflecting a decline of 10.9% compared to the same period last year. Revenues are forecasted to be $302.96 million, representing a year-over-year increase of 4.1%.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain MGIC metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts forecast 'Revenues- Net investment income' to reach $57.04 million. The estimate indicates a change of +23% from the prior-year quarter.
The consensus estimate for 'Revenues- Net premiums earned' stands at $245.55 million. The estimate points to a change of +0.6% from the year-ago quarter.
Based on the collective assessment of analysts, 'GAAP underwriting expense ratio (insurance operations only)' should arrive at 22.7%. Compared to the current estimate, the company reported 31.3% in the same quarter of the previous year.
View all Key Company Metrics for MGIC here>>>
Over the past month, MGIC shares have recorded returns of +4% versus the Zacks S&P 500 composite's +2.5% change. Based on its Zacks Rank #2 (Buy), MTG will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217031/mgic-mtg-q4-earnings-on-the-horizon-analysts-insights-on-key-performance-measures
| 2024-01-30T02:49:25Z
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In its upcoming report, Amazon (AMZN - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.81 per share, reflecting an increase of 285.7% compared to the same period last year. Revenues are forecasted to be $166.26 billion, representing a year-over-year increase of 11.4%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 2.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some Amazon metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts forecast 'Net Sales- AWS' to reach $24.32 billion. The estimate indicates a year-over-year change of +13.8%.
Analysts' assessment points toward 'Net sales- Physical stores' reaching $5.31 billion. The estimate suggests a change of +7% year over year.
The consensus among analysts is that 'Net sales- Online stores' will reach $68.53 billion. The estimate suggests a change of +6.2% year over year.
The combined assessment of analysts suggests that 'Net Sales- Subscription services' will likely reach $10.40 billion. The estimate suggests a change of +13.2% year over year.
It is projected by analysts that the 'Geographic Revenue- North America' will reach $103.28 billion. The estimate indicates a year-over-year change of +10.6%.
According to the collective judgment of analysts, 'Net Sales- Advertising services' should come in at $14.07 billion. The estimate suggests a change of +21.7% year over year.
The collective assessment of analysts points to an estimated 'Geographic Revenue - International' of $38.36 billion. The estimate indicates a year-over-year change of +11.3%.
Based on the collective assessment of analysts, 'Net Sales- Third-party seller services' should arrive at $41.47 billion. The estimate indicates a change of +14.1% from the prior-year quarter.
The consensus estimate for 'Subscription services Y/Y Change' stands at 13.5%. Compared to the current estimate, the company reported 13% in the same quarter of the previous year.
Analysts expect 'Third-party seller services Y/Y Change' to come in at 14.0%. Compared to the current estimate, the company reported 20% in the same quarter of the previous year.
Analysts predict that the 'Headcount - Total' will reach 1,514,658. The estimate compares to the year-ago value of 1,541,000.
The average prediction of analysts places 'WW shipping costs' at $26.56 billion. Compared to the present estimate, the company reported $24.71 billion in the same quarter last year.
View all Key Company Metrics for Amazon here>>>
Amazon shares have witnessed a change of +4.7% in the past month, in contrast to the Zacks S&P 500 composite's +2.5% move. With a Zacks Rank #2 (Buy), AMZN is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217032/unlocking-q4-potential-of-amazon-amzn-exploring-wall-street-estimates-for-key-metrics
| 2024-01-30T02:49:31Z
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In its upcoming report, Credit Acceptance (CACC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $4.52 per share, reflecting a decline of 52.8% compared to the same period last year. Revenues are forecasted to be $478.8 million, representing a year-over-year increase of 4.3%.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some Credit Acceptance metrics that are commonly tracked and projected by analysts on Wall Street.
The collective assessment of analysts points to an estimated 'Revenue- Other income' of $21.58 million. The estimate indicates a year-over-year change of -16.7%.
Analysts predict that the 'Revenue- Premiums earned' will reach $19.99 million. The estimate suggests a change of +16.9% year over year.
According to the collective judgment of analysts, 'Revenue- Finance charges' should come in at $437.23 million. The estimate suggests a change of +5.1% year over year.
View all Key Company Metrics for Credit Acceptance here>>>
Shares of Credit Acceptance have experienced a change of +3.3% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), CACC is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217034/seeking-clues-to-credit-acceptance-cacc-q4-earnings-a-peek-into-wall-street-projections-for-key-metrics?-a-peek-into-wall-street-projections-for-key-metrics
| 2024-01-30T02:49:37Z
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Wall Street analysts expect Janus Henderson Group plc (JHG - Free Report) to post quarterly earnings of $0.56 per share in its upcoming report, which indicates a year-over-year decline of 8.2%. Revenues are expected to be $521.48 million, up 1.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 5.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Janus Henderson Group plc metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Revenue- Management fees' reaching $424.59 million. The estimate indicates a year-over-year change of +4.7%.
Based on the collective assessment of analysts, 'Revenue- Shareowner servicing fees and other' should arrive at $69.90 million. The estimate indicates a year-over-year change of +36.3%.
According to the collective judgment of analysts, 'Revenue- Performance fees' should come in at -$3.97 million. The estimate suggests a change of -127.8% year over year.
The combined assessment of analysts suggests that 'Revenue- Other' will likely reach $46.45 million. The estimate points to a change of +5.6% from the year-ago quarter.
It is projected by analysts that the 'Assets under management - Average' will reach $316.81 billion. The estimate compares to the year-ago value of $286.5 billion.
View all Key Company Metrics for Janus Henderson Group plc here>>>
Over the past month, Janus Henderson Group plc shares have recorded returns of -2.8% versus the Zacks S&P 500 composite's +2.5% change. Based on its Zacks Rank #1 (Strong Buy), JHG will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217035/unlocking-q4-potential-of-janus-henderson-group-plc-jhg-exploring-wall-street-estimates-for-key-metrics
| 2024-01-30T02:49:43Z
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In its upcoming report, United States Steel (X - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.25 per share, reflecting a decline of 71.3% compared to the same period last year. Revenues are forecasted to be $3.7 billion, representing a year-over-year decrease of 14.7%.
The consensus EPS estimate for the quarter has undergone an upward revision of 47.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain U.S. Steel metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus estimate for 'Net Sales- Tubular' stands at $302.22 million. The estimate suggests a change of -39.1% year over year.
The average prediction of analysts places 'Net Sales- USSE' at $831.68 million. The estimate suggests a change of +14.2% year over year.
Analysts' assessment points toward 'Net Sales- Mini Mill' reaching $509.97 million. The estimate indicates a year-over-year change of -7.6%.
It is projected by analysts that the 'Net Sales- Flat-rolled' will reach $2.23 billion. The estimate suggests a change of -15.6% year over year.
The combined assessment of analysts suggests that 'Steel Shipments in Tons - Tubular' will likely reach 117.99 Mmt. The estimate is in contrast to the year-ago figure of 133 Mmt.
Analysts forecast 'Average Steel Price per Ton - USSE' to reach $811.25. Compared to the present estimate, the company reported $957 in the same quarter last year.
Based on the collective assessment of analysts, 'Average Steel Price per Ton - Flat-rolled' should arrive at $946.60. The estimate is in contrast to the year-ago figure of $1,086.
Analysts expect 'Average Steel Price per Ton - Mini Mill' to come in at $799.40. Compared to the present estimate, the company reported $786 in the same quarter last year.
The collective assessment of analysts points to an estimated 'Steel Shipments in Tons - Mini Mill' of 545.66 Mmt. The estimate is in contrast to the year-ago figure of 636 Mmt.
According to the collective judgment of analysts, 'Steel Shipments in Tons - Total' should come in at 3,673.20 Mmt. The estimate is in contrast to the year-ago figure of 3,369 Mmt.
Analysts predict that the 'Steel Shipments in Tons - Flat Rolled' will reach 2,011.09 Mmt. The estimate compares to the year-ago value of 1,885 Mmt.
The consensus among analysts is that 'Steel Shipments in Tons - U.S. Steel Europe' will reach 998.47 Mmt. Compared to the current estimate, the company reported 715 Mmt in the same quarter of the previous year.
View all Key Company Metrics for U.S. Steel here>>>
Shares of U.S. Steel have experienced a change of -0.7% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #1 (Strong Buy), X is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217036/curious-about-us-steel-x-q4-performance-explore-wall-street-estimates-for-key-metrics?-explore-wall-street-estimates-for-key-metrics
| 2024-01-30T02:49:50Z
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Wall Street analysts forecast that Eastman Chemical (EMN - Free Report) will report quarterly earnings of $1.28 per share in its upcoming release, pointing to a year-over-year increase of 43.8%. It is anticipated that revenues will amount to $2.17 billion, exhibiting a decline of 8.7% compared to the year-ago quarter.
The current level reflects a downward revision of 1.6% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Eastman Chemical metrics that are routinely monitored and predicted by Wall Street analysts.
It is projected by analysts that the 'Net Sales- Chemical Intermediates' will reach $476.15 million. The estimate suggests a change of -22.6% year over year.
The average prediction of analysts places 'Net Sales- Advanced Materials' at $707.88 million. The estimate indicates a year-over-year change of -3.8%.
The consensus among analysts is that 'Net Sales- Additives & Functional Products' will reach $627.79 million. The estimate indicates a change of -11% from the prior-year quarter.
The combined assessment of analysts suggests that 'Net Sales- Fibers' will likely reach $351.18 million. The estimate points to a change of +10.8% from the year-ago quarter.
Analysts expect 'Adjusted EBIT- Additives & Functional Products' to come in at $59.74 million. The estimate is in contrast to the year-ago figure of $64 million.
Analysts forecast 'Adjusted EBIT- Advanced Materials' to reach $98.88 million. Compared to the current estimate, the company reported $43 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Adjusted EBIT- Chemical Intermediates' should come in at $17.35 million. The estimate is in contrast to the year-ago figure of $36 million.
Analysts' assessment points toward 'Adjusted EBIT- Fibers' reaching $109.58 million. The estimate compares to the year-ago value of $58 million.
View all Key Company Metrics for Eastman Chemical here>>>
Shares of Eastman Chemical have experienced a change of -5.5% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), EMN is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217037/unlocking-q4-potential-of-eastman-chemical-emn-exploring-wall-street-estimates-for-key-metrics
| 2024-01-30T02:50:00Z
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In its upcoming report, Ashland (ASH - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.21 per share, reflecting a decline of 78.4% compared to the same period last year. Revenues are forecasted to be $478.44 million, representing a year-over-year decrease of 8.9%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Ashland metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'Revenue- Intermediates' will likely reach $36.08 million. The estimate indicates a year-over-year change of -33.2%.
The collective assessment of analysts points to an estimated 'Revenue- Life Sciences' of $203.33 million. The estimate indicates a change of -1.8% from the prior-year quarter.
It is projected by analysts that the 'Revenue- Personal Care' will reach $130.94 million. The estimate indicates a year-over-year change of -5.1%.
The consensus estimate for 'Revenue- Specialty Additives' stands at $127.24 million. The estimate indicates a change of -11% from the prior-year quarter.
Analysts expect 'Adjusted EBITDA- Life Science' to come in at $47.97 million. Compared to the present estimate, the company reported $52 million in the same quarter last year.
The consensus among analysts is that 'Adjusted EBITDA- Personal Care' will reach $25.67 million. The estimate is in contrast to the year-ago figure of $32 million.
Based on the collective assessment of analysts, 'Adjusted EBITDA- Specialty Additives' should arrive at $6.93 million. Compared to the present estimate, the company reported $23 million in the same quarter last year.
View all Key Company Metrics for Ashland here>>>
Over the past month, Ashland shares have recorded returns of -4.5% versus the Zacks S&P 500 composite's +2.5% change. Based on its Zacks Rank #3 (Hold), ASH will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217038/insights-into-ashland-ash-q1-wall-street-projections-for-key-metrics
| 2024-01-30T02:50:06Z
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In its upcoming report, Lazard (LAZ - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.35 per share, reflecting a decline of 49.3% compared to the same period last year. Revenues are forecasted to be $655.42 million, representing a year-over-year decrease of 2.3%.
The consensus EPS estimate for the quarter has been revised 9.2% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Lazard metrics that Wall Street analysts commonly model and monitor.
Based on the collective assessment of analysts, 'Operating revenue- Asset Management- Non-GAAP' should arrive at $279.36 million. The estimate indicates a year-over-year change of +7.9%.
The average prediction of analysts places 'Operating revenue- Financial Advisory- Non-GAAP' at $369.63 million. The estimate indicates a change of -8.5% from the prior-year quarter.
Analysts' assessment points toward 'Assets under management - End of Period' reaching $221.40 billion. The estimate compares to the year-ago value of $216.13 billion.
View all Key Company Metrics for Lazard here>>>
Shares of Lazard have experienced a change of +13.5% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), LAZ is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217039/countdown-to-lazard-laz-q4-earnings-a-look-at-estimates-beyond-revenue-and-eps
| 2024-01-30T02:50:12Z
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Wall Street analysts forecast that New York Community Bancorp (NYCB - Free Report) will report quarterly earnings of $0.29 per share in its upcoming release, pointing to a year-over-year increase of 16%. It is anticipated that revenues will amount to $935.9 million, exhibiting an increase of 62.2% compared to the year-ago quarter.
The current level reflects a downward revision of 4.8% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some New York Community Bancorp metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Efficiency Ratio' at 64.3%. Compared to the present estimate, the company reported 48.8% in the same quarter last year.
Analysts predict that the 'Average Balances-Interest earning assets' will reach $103.06 billion. Compared to the present estimate, the company reported $66.80 billion in the same quarter last year.
The consensus among analysts is that 'Total non-interest income (loss)' will reach $139.95 million. The estimate is in contrast to the year-ago figure of $198 million.
Analysts' assessment points toward 'Net Interest Income' reaching $793.88 million. The estimate is in contrast to the year-ago figure of $379 million.
Analysts forecast 'Bank-owned life insurance' to reach $11.38 million. The estimate is in contrast to the year-ago figure of $8 million.
It is projected by analysts that the 'Fee income' will reach $50.24 million. The estimate is in contrast to the year-ago figure of $10 million.
Analysts expect 'Other non-interest (loss) income' to come in at $19.55 million. The estimate compares to the year-ago value of $7 million.
View all Key Company Metrics for New York Community Bancorp here>>>
New York Community Bancorp shares have witnessed a change of +1.9% in the past month, in contrast to the Zacks S&P 500 composite's +2.5% move. With a Zacks Rank #5 (Strong Sell), NYCB is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217040/new-york-community-bancorp-nycb-q4-earnings-preview-what-you-should-know-beyond-the-headline-estimates
| 2024-01-30T02:50:19Z
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In its upcoming report, Oshkosh (OSK - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.17 per share, reflecting an increase of 35.6% compared to the same period last year. Revenues are forecasted to be $2.47 billion, representing a year-over-year increase of 12%.
The consensus EPS estimate for the quarter has undergone an upward revision of 1.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Oshkosh metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Net Sales- Defense' will reach $592.08 million. The estimate indicates a change of +8.1% from the prior-year quarter.
It is projected by analysts that the 'Net Sales- Access- Other' will reach $231.84 million. The estimate indicates a year-over-year change of +8.3%.
The consensus estimate for 'Net Sales- Access- Aerial work platforms' stands at $607.01 million. The estimate indicates a year-over-year change of +12.3%.
According to the collective judgment of analysts, 'Net Sales- Access- Telehandlers' should come in at $345.22 million. The estimate points to a change of +8.1% from the year-ago quarter.
The average prediction of analysts places 'Net Sales- Access- Total' at $1.18 billion. The estimate indicates a year-over-year change of +10.2%.
The combined assessment of analysts suggests that 'Operating income (loss)- Access' will likely reach $172.42 million. Compared to the present estimate, the company reported $116 million in the same quarter last year.
Analysts forecast 'Operating income (loss)- Defense' to reach $35.05 million. The estimate compares to the year-ago value of $19.90 million.
View all Key Company Metrics for Oshkosh here>>>
Shares of Oshkosh have experienced a change of +1.9% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), OSK is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217041/gear-up-for-oshkosh-osk-q4-earnings-wall-street-estimates-for-key-metrics
| 2024-01-30T02:50:25Z
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Analysts on Wall Street project that Dolby Laboratories (DLB - Free Report) will announce quarterly earnings of $0.89 per share in its forthcoming report, representing a decline of 19.8% year over year. Revenues are projected to reach $310.98 million, declining 7.2% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Dolby Laboratories metrics that are commonly tracked and forecasted by Wall Street analysts.
It is projected by analysts that the 'Revenue- Products and services' will reach $26.60 million. The estimate suggests a change of -1.2% year over year.
The consensus estimate for 'Revenue- Licensing' stands at $284.38 million. The estimate suggests a change of -7.7% year over year.
The collective assessment of analysts points to an estimated 'Gross Margin- Licensing' of $270.58 million. Compared to the present estimate, the company reported $294.65 million in the same quarter last year.
According to the collective judgment of analysts, 'Gross margin- Products and services' should come in at $4.66 million. Compared to the current estimate, the company reported $5.82 million in the same quarter of the previous year.
View all Key Company Metrics for Dolby Laboratories here>>>
Dolby Laboratories shares have witnessed a change of -2.4% in the past month, in contrast to the Zacks S&P 500 composite's +2.5% move. With a Zacks Rank #4 (Sell), DLB is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217042/unveiling-dolby-laboratories-dlb-q1-outlook-wall-street-estimates-for-key-metrics
| 2024-01-30T02:50:31Z
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Analysts on Wall Street project that Brunswick (BC - Free Report) will announce quarterly earnings of $1.66 per share in its forthcoming report, representing a decline of 16.6% year over year. Revenues are projected to reach $1.44 billion, declining 9.3% from the same quarter last year.
The consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Brunswick metrics that are commonly tracked and forecasted by Wall Street analysts.
Based on the collective assessment of analysts, 'Net Sales- Propulsion' should arrive at $658.32 million. The estimate suggests a change of -1.7% year over year.
Analysts' assessment points toward 'Net Sales- Engine Parts & Accessories' reaching $238.51 million. The estimate suggests a change of -48.9% year over year.
Analysts expect 'Net Sales- Boat' to come in at $429.83 million. The estimate indicates a change of -21.5% from the prior-year quarter.
Analysts forecast 'Operating Earnings (Loss) As Adjusted- Propulsion' to reach $122.50 million. Compared to the current estimate, the company reported $112.60 million in the same quarter of the previous year.
Analysts predict that the 'Operating Earnings (Loss) As Adjusted- Engine Parts & Accessories' will reach $28.73 million. Compared to the current estimate, the company reported $63.60 million in the same quarter of the previous year.
The consensus estimate for 'Operating Earnings (Loss) As Adjusted- Boat' stands at $27.46 million. The estimate compares to the year-ago value of $54.80 million.
View all Key Company Metrics for Brunswick here>>>
Brunswick shares have witnessed a change of -14.3% in the past month, in contrast to the Zacks S&P 500 composite's +2.5% move. With a Zacks Rank #3 (Hold), BC is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217043/countdown-to-brunswick-bc-q4-earnings-a-look-at-estimates-beyond-revenue-and-eps
| 2024-01-30T02:50:37Z
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Wall Street analysts expect JetBlue Airways (JBLU - Free Report) to post quarterly loss of $0.28 per share in its upcoming report, which indicates a year-over-year decline of 227.3%. Revenues are expected to be $2.29 billion, down 5.1% from the year-ago quarter.
Over the last 30 days, there has been a downward revision of 14.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific JetBlue metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Operating Revenues- Passenger' stands at $2.13 billion. The estimate indicates a year-over-year change of -5.9%.
The average prediction of analysts places 'Operating Revenues- Other' at $158.81 million. The estimate indicates a year-over-year change of +7.3%.
Analysts predict that the 'Load factor' will reach 82.5%. The estimate is in contrast to the year-ago figure of 83.2%.
Analysts' assessment points toward 'Revenue per ASM' reaching 13.58 cents. Compared to the present estimate, the company reported 14.66 cents in the same quarter last year.
Analysts expect 'Average fuel cost per gallon, including fuel taxes' to come in at $3.07. The estimate compares to the year-ago value of $3.70.
Analysts forecast 'Yield per passenger mile' to reach 15.30 cents. The estimate compares to the year-ago value of 16.55 cents.
According to the collective judgment of analysts, 'Available seat miles (ASMs)' should come in at 16,889.15 million. The estimate compares to the year-ago value of 16,470 million.
It is projected by analysts that the 'Operating expense per ASM, excluding fuel' will reach 10.05 cents. The estimate is in contrast to the year-ago figure of 9.13 cents.
Based on the collective assessment of analysts, 'Revenue passenger miles (RPMs)' should arrive at 13,964.94 million. The estimate is in contrast to the year-ago figure of 13,695 million.
The collective assessment of analysts points to an estimated 'Passenger revenue per ASM' of 12.63 cents. Compared to the present estimate, the company reported 13.76 cents in the same quarter last year.
The consensus among analysts is that 'Operating expense per ASM' will reach 14.35 cents. The estimate is in contrast to the year-ago figure of 14.4 cents.
The combined assessment of analysts suggests that 'Fuel gallons consumed' will likely reach 227.73 Mgal. The estimate is in contrast to the year-ago figure of 216 Mgal.
View all Key Company Metrics for JetBlue here>>>
Over the past month, JetBlue shares have recorded returns of -0.4% versus the Zacks S&P 500 composite's +2.5% change. Based on its Zacks Rank #3 (Hold), JBLU will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217044/gear-up-for-jetblue-jblu-q4-earnings-wall-street-estimates-for-key-metrics
| 2024-01-30T02:50:44Z
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Wall Street analysts expect Dover Corporation (DOV - Free Report) to post quarterly earnings of $2.45 per share in its upcoming report, which indicates a year-over-year increase of 13.4%. Revenues are expected to be $2.18 billion, up 1.9% from the year-ago quarter.
The current level reflects a downward revision of 1.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Dover Corporation metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Revenue- Engineered Products' will likely reach $567.87 million. The estimate indicates a change of +8.2% from the prior-year quarter.
Analysts predict that the 'Revenue- Clean Energy & Fueling' will reach $463.99 million. The estimate indicates a change of +0.4% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Climate & Sustainability Technologies' should come in at $435.26 million. The estimate points to a change of -1.5% from the year-ago quarter.
The consensus estimate for 'Revenue- Pumps & Process Solutions' stands at $425.65 million. The estimate indicates a change of +1.7% from the prior-year quarter.
Analysts forecast 'Revenue- Imaging & Identification' to reach $283.36 million. The estimate indicates a year-over-year change of -3.4%.
Based on the collective assessment of analysts, 'Adjusted EBITDA- Engineered Products' should arrive at $126.17 million. The estimate compares to the year-ago value of $110.43 million.
The collective assessment of analysts points to an estimated 'Adjusted EBITDA- Clean Energy & Fueling' of $100.13 million. The estimate is in contrast to the year-ago figure of $97.71 million.
It is projected by analysts that the 'Adjusted EBITDA- Climate & Sustainability Technologies' will reach $75.30 million. The estimate compares to the year-ago value of $68.03 million.
Analysts' assessment points toward 'Adjusted EBITDA- Pumps & Process Solutions' reaching $125.50 million. The estimate is in contrast to the year-ago figure of $130.77 million.
The consensus among analysts is that 'Adjusted EBITDA- Imaging & Identification' will reach $76.29 million. The estimate compares to the year-ago value of $77.44 million.
View all Key Company Metrics for Dover Corporation here>>>
Over the past month, shares of Dover Corporation have returned -2.5% versus the Zacks S&P 500 composite's +2.5% change. Currently, DOV carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217045/ahead-of-dover-corporation-dov-q4-earnings-get-ready-with-wall-street-estimates-for-key-metrics
| 2024-01-30T02:50:50Z
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Wall Street analysts expect The Hartford (HIG - Free Report) to post quarterly earnings of $2.39 per share in its upcoming report, which indicates a year-over-year increase of 3.5%. Revenues are expected to be $4.3 billion, up 7.4% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific The Hartford metrics that are commonly monitored and projected by Wall Street analysts.
It is projected by analysts that the 'Total Property & Casualty- Earned Premium' will reach $3.82 billion. The estimate suggests a change of -71.8% year over year.
The consensus among analysts is that 'Earned Premium- Commercial Line' will reach $3.03 billion. The estimate indicates a year-over-year change of +9.6%.
Analysts' assessment points toward 'Earned Premium- Personal Lines' reaching $786.53 million. The estimate indicates a change of +4.3% from the prior-year quarter.
The average prediction of analysts places 'Revenue- Net investment income- Group benefits' at $129.96 million. The estimate indicates a change of -15.6% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Commercial line - Loss and loss adjustment expense ratio' of 57.9%. The estimate compares to the year-ago value of 57.4%.
Based on the collective assessment of analysts, 'Commercial line - Expense ratio' should arrive at 31.2%. Compared to the current estimate, the company reported 31.3% in the same quarter of the previous year.
Analysts forecast 'Personal line - Expense ratio' to reach 25.3%. The estimate is in contrast to the year-ago figure of 26.9%.
The consensus estimate for 'Personal line - Loss and loss adjustment expense ratio' stands at 78.3%. The estimate compares to the year-ago value of 74.4%.
According to the collective judgment of analysts, 'Commercial line - Combined ratio' should come in at 89.3%. The estimate compares to the year-ago value of 89%.
Analysts predict that the 'Personal line - Underlying combined ratio' will reach 99.8%. Compared to the current estimate, the company reported 96.2% in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Personal line - Combined ratio' will likely reach 103.4%. The estimate is in contrast to the year-ago figure of 99.1%.
Analysts expect 'Commercial Lines - Underlying combined ratio' to come in at 87.2%. Compared to the current estimate, the company reported 87.4% in the same quarter of the previous year.
View all Key Company Metrics for The Hartford here>>>
Shares of The Hartford have demonstrated returns of +8% over the past month compared to the Zacks S&P 500 composite's +2.5% change. With a Zacks Rank #3 (Hold), HIG is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217046/exploring-analyst-estimates-for-the-hartford-hig-q4-earnings-beyond-revenue-and-eps
| 2024-01-30T02:50:56Z
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Analysts on Wall Street project that Parker-Hannifin (PH - Free Report) will announce quarterly earnings of $5.24 per share in its forthcoming report, representing an increase of 10.1% year over year. Revenues are projected to reach $4.83 billion, increasing 3.2% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.5% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Parker-Hannifin metrics that are commonly tracked and projected by analysts on Wall Street.
It is projected by analysts that the 'Net sales- Aerospace Systems' will reach $1.27 billion. The estimate indicates a year-over-year change of +11.8%.
Analysts predict that the 'Net sales- Diversified Industrial- International' will reach $1.39 billion. The estimate indicates a change of -0.4% from the prior-year quarter.
The average prediction of analysts places 'Net sales- Diversified Industrial- North America' at $2.17 billion. The estimate indicates a year-over-year change of +1.3%.
Analysts expect 'Total Parker - Change in Percentage - As Reported' to come in at 3.4%. Compared to the present estimate, the company reported 22.2% in the same quarter last year.
Based on the collective assessment of analysts, 'Net sales - Total Parker - Organic impact - YoY change' should arrive at 2.4%. Compared to the present estimate, the company reported 10.3% in the same quarter last year.
Analysts forecast 'Aerospace Systems - Change in Percentage - As Reported' to reach 11.9%. The estimate compares to the year-ago value of 84%.
The consensus among analysts is that 'Net sales - Industrial - North America - Organic impact - YoY change' will reach 0.9%. Compared to the current estimate, the company reported 13.5% in the same quarter of the previous year.
According to the collective judgment of analysts, 'Net sales - Industrial - International - Organic impact - YoY change' should come in at -2.8%. The estimate is in contrast to the year-ago figure of 8.6%.
The consensus estimate for 'Net sales - Aerospace Systems - Organic impact - YoY change' stands at 11.8%. Compared to the present estimate, the company reported 4.9% in the same quarter last year.
Analysts' assessment points toward 'Adjusted Segment operating income- Diversified Industrial- North America' reaching $478.67 million. Compared to the current estimate, the company reported $466.89 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Adjusted Segment operating income- Aerospace Systems' of $283.37 million. The estimate is in contrast to the year-ago figure of $234.57 million.
The combined assessment of analysts suggests that 'Adjusted Segment operating income- Diversified Industrial- International' will likely reach $307.63 million. Compared to the present estimate, the company reported $305.80 million in the same quarter last year.
View all Key Company Metrics for Parker-Hannifin here>>>
Shares of Parker-Hannifin have demonstrated returns of +2.4% over the past month compared to the Zacks S&P 500 composite's +2.5% change. With a Zacks Rank #2 (Buy), PH is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217047/unveiling-parker-hannifin-ph-q2-outlook-wall-street-estimates-for-key-metrics
| 2024-01-30T02:51:02Z
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Analysts on Wall Street project that Selective Insurance (SIGI - Free Report) will announce quarterly earnings of $1.92 per share in its forthcoming report, representing an increase of 31.5% year over year. Revenues are projected to reach $1.11 billion, increasing 16.2% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Selective Insurance metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts' assessment points toward 'Revenues- Net premiums earned' reaching $1.01 billion. The estimate indicates a year-over-year change of +15.9%.
The consensus among analysts is that 'Revenues- Other income' will reach $3.05 million. The estimate indicates a change of -19.7% from the prior-year quarter.
Analysts forecast 'Revenues- Net investment income earned' to reach $98.82 million. The estimate indicates a year-over-year change of +21.4%.
The combined assessment of analysts suggests that 'Underwriting expense ratio' will likely reach 32.0%. Compared to the present estimate, the company reported 32.1% in the same quarter last year.
The collective assessment of analysts points to an estimated 'Combined ratio' of 93.6%. Compared to the present estimate, the company reported 94.7% in the same quarter last year.
Analysts expect 'Loss and loss expense ratio' to come in at 61.6%. The estimate compares to the year-ago value of 62.4%.
View all Key Company Metrics for Selective Insurance here>>>
Over the past month, Selective Insurance shares have recorded returns of +5.9% versus the Zacks S&P 500 composite's +2.5% change. Based on its Zacks Rank #4 (Sell), SIGI will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217048/countdown-to-selective-insurance-sigi-q4-earnings-wall-street-forecasts-for-key-metrics
| 2024-01-30T02:51:09Z
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In its upcoming report, Tractor Supply (TSCO - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $2.22 per share, reflecting a decline of 8.6% compared to the same period last year. Revenues are forecasted to be $3.66 billion, representing a year-over-year decrease of 8.6%.
The consensus EPS estimate for the quarter has undergone a downward revision of 1.6% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Tractor Supply metrics that Wall Street analysts commonly model and monitor.
It is projected by analysts that the 'Comparable store sales increase' will reach -4.1%. The estimate is in contrast to the year-ago figure of 8.6%.
According to the collective judgment of analysts, 'Number of stores - Petsense' should come in at 198. Compared to the current estimate, the company reported 186 in the same quarter of the previous year.
The average prediction of analysts places 'Number of stores' at 2,416. The estimate is in contrast to the year-ago figure of 2,333.
The collective assessment of analysts points to an estimated 'Number of stores - Tractor Supply' of 2,206. Compared to the current estimate, the company reported 2,066 in the same quarter of the previous year.
The consensus estimate for 'New stores opened - Tractor Supply' stands at 21. Compared to the present estimate, the company reported 39 in the same quarter last year.
Analysts predict that the 'Total Selling Square Footage' will reach 38.53 Msq ft. The estimate compares to the year-ago value of 37.27 Msq ft.
Analysts' assessment points toward 'New stores opened - Petsense' reaching 3. Compared to the current estimate, the company reported 6 in the same quarter of the previous year.
View all Key Company Metrics for Tractor Supply here>>>
Tractor Supply shares have witnessed a change of +5.9% in the past month, in contrast to the Zacks S&P 500 composite's +2.5% move. With a Zacks Rank #4 (Sell), TSCO is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217049/ahead-of-tractor-supply-tsco-q4-earnings-get-ready-with-wall-street-estimates-for-key-metrics
| 2024-01-30T02:51:15Z
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Analysts on Wall Street project that UMB Financial (UMBF - Free Report) will announce quarterly earnings of $1.76 per share in its forthcoming report, representing a decline of 14.6% year over year. Revenues are projected to reach $361.63 million, declining 2.4% from the same quarter last year.
Over the last 30 days, there has been no revision in the consensus EPS estimate for the quarter. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some UMB metrics that Wall Street analysts commonly model and monitor.
Analysts predict that the 'Efficiency Ratio (GAAP)' will reach 64.2%. The estimate compares to the year-ago value of 63.7%.
According to the collective judgment of analysts, 'Average balance - Total earning assets' should come in at $37.72 billion. Compared to the present estimate, the company reported $35.28 billion in the same quarter last year.
The consensus estimate for 'Total noninterest income' stands at $133.50 million. Compared to the present estimate, the company reported $125.50 million in the same quarter last year.
Analysts expect 'Net interest income (FTE)' to come in at $228.12 million. The estimate is in contrast to the year-ago figure of $251.83 million.
The average prediction of analysts places 'Net Interest Income' at $222.10 million. The estimate compares to the year-ago value of $245.17 million.
The collective assessment of analysts points to an estimated 'Trading and investment banking' of $4.25 million. Compared to the present estimate, the company reported $5.25 million in the same quarter last year.
The consensus among analysts is that 'Bankcard fees' will reach $19.25 million. Compared to the present estimate, the company reported $19.60 million in the same quarter last year.
Analysts forecast 'Noninterest income- Other' to reach $8.82 million. The estimate compares to the year-ago value of $8.30 million.
The combined assessment of analysts suggests that 'Service charges on deposit accounts' will likely reach $21.10 million. Compared to the present estimate, the company reported $19.76 million in the same quarter last year.
Based on the collective assessment of analysts, 'Brokerage fees' should arrive at $13.25 million. The estimate is in contrast to the year-ago figure of $13.33 million.
It is projected by analysts that the 'Trust and securities processing' will reach $67.15 million. Compared to the current estimate, the company reported $59.21 million in the same quarter of the previous year.
View all Key Company Metrics for UMB here>>>
Over the past month, UMB shares have recorded returns of -1.5% versus the Zacks S&P 500 composite's +2.5% change. Based on its Zacks Rank #3 (Hold), UMBF will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217050/countdown-to-umb-umbf-q4-earnings-a-look-at-estimates-beyond-revenue-and-eps
| 2024-01-30T02:51:21Z
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Wall Street analysts forecast that Ball (BALL - Free Report) will report quarterly earnings of $0.77 per share in its upcoming release, pointing to a year-over-year increase of 75%. It is anticipated that revenues will amount to $3.52 billion, exhibiting a decline of 0.7% compared to the year-ago quarter.
The current level reflects a downward revision of 2.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Ball metrics that Wall Street analysts commonly model and monitor.
According to the collective judgment of analysts, 'Net Sales- Other' should come in at $169.64 million. The estimate indicates a year-over-year change of +1%.
Analysts expect 'Net Sales- Beverage packaging, North and Central America' to come in at $1.49 billion. The estimate indicates a year-over-year change of -1.7%.
The consensus among analysts is that 'Net Sales- Beverage packaging, EMEA' will reach $688.94 million. The estimate indicates a change of -7.9% from the prior-year quarter.
The consensus estimate for 'Net Sales- Beverage packaging, South America' stands at $666.25 million. The estimate indicates a year-over-year change of +8.5%.
The average prediction of analysts places 'Net Sales- Aerospace' at $516.30 million. The estimate indicates a year-over-year change of +2%.
The collective assessment of analysts points to an estimated 'Comparable operating earnings- Beverage packaging, North and Central America' of $153.38 million. Compared to the current estimate, the company reported $99 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Comparable operating earnings- Beverage packaging, South America' will likely reach $103.66 million. Compared to the present estimate, the company reported $78 million in the same quarter last year.
Analysts predict that the 'Comparable operating earnings- Beverage packaging, EMEA' will reach $84.26 million. Compared to the current estimate, the company reported $47 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Comparable operating earnings- Aerospace' should arrive at $79.02 million. Compared to the current estimate, the company reported $44 million in the same quarter of the previous year.
View all Key Company Metrics for Ball here>>>
Shares of Ball have experienced a change of -0.5% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #4 (Sell), BALL is expected to underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217051/ball-ball-q4-earnings-preview-what-you-should-know-beyond-the-headline-estimates
| 2024-01-30T02:51:28Z
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The upcoming report from Royal Caribbean (RCL - Free Report) is expected to reveal quarterly earnings of $1.13 per share, indicating an increase of 200.9% compared to the year-ago period. Analysts forecast revenues of $3.37 billion, representing an increase of 29.6% year over year.
The consensus EPS estimate for the quarter has undergone a downward revision of 2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Royal Caribbean metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus among analysts is that 'Revenues- Onboard and other' will reach $1.08 billion. The estimate points to a change of +19.4% from the year-ago quarter.
Analysts forecast 'Revenues- Passenger ticket' to reach $2.30 billion. The estimate indicates a year-over-year change of +35%.
It is projected by analysts that the 'APCD (Available passenger cruise days)' will reach 11,993.55 Days. The estimate compares to the year-ago value of 11,644.09 Days.
The combined assessment of analysts suggests that 'Occupancy Rate' will likely reach 105.7%. Compared to the present estimate, the company reported 94.9% in the same quarter last year.
The collective assessment of analysts points to an estimated 'Passenger Cruise Days' of 12,676.31 Days. The estimate compares to the year-ago value of 11,052.96 Days.
View all Key Company Metrics for Royal Caribbean here>>>
Shares of Royal Caribbean have experienced a change of -4.7% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #1 (Strong Buy), RCL is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217052/unlocking-q4-potential-of-royal-caribbean-rcl-exploring-wall-street-estimates-for-key-metrics
| 2024-01-30T02:51:34Z
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Analysts on Wall Street project that Robert Half (RHI - Free Report) will announce quarterly earnings of $0.82 per share in its forthcoming report, representing a decline of 40.2% year over year. Revenues are projected to reach $1.47 billion, declining 15.1% from the same quarter last year.
Over the last 30 days, there has been an upward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Robert Half metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus estimate for 'Service Revenue- Protiviti' stands at $454.37 million. The estimate indicates a year-over-year change of -9%.
It is projected by analysts that the 'Service Revenue- Technology' will reach $170.39 million. The estimate indicates a change of -18.5% from the prior-year quarter.
Analysts expect 'Service Revenue- Finance & Accounting' to come in at $669.76 million. The estimate suggests a change of -12.7% year over year.
The combined assessment of analysts suggests that 'Gross margin- Protiviti' will likely reach $119.36 million. Compared to the present estimate, the company reported $135.75 million in the same quarter last year.
View all Key Company Metrics for Robert Half here>>>
Robert Half shares have witnessed a change of -6.9% in the past month, in contrast to the Zacks S&P 500 composite's +2.5% move. With a Zacks Rank #3 (Hold), RHI is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217053/curious-about-robert-half-rhi-q4-performance-explore-wall-street-estimates-for-key-metrics?-explore-wall-street-estimates-for-key-metrics
| 2024-01-30T02:51:40Z
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Wall Street analysts expect Match Group (MTCH - Free Report) to post quarterly earnings of $0.49 per share in its upcoming report, which indicates a year-over-year increase of 63.3%. Revenues are expected to be $862.05 million, up 9.7% from the year-ago quarter.
The current level reflects a downward revision of 0.3% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
With that in mind, let's delve into the average projections of some Match Group metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts forecast 'Revenue- Total Direct Revenue' to reach $851.74 million. The estimate indicates a change of +10.5% from the prior-year quarter.
The average prediction of analysts places 'Revenue- Indirect Revenue' at $14.27 million. The estimate indicates a change of -5.3% from the prior-year quarter.
The combined assessment of analysts suggests that 'Geographic Revenue- Direct Revenue- Europe' will likely reach $248.03 million. The estimate points to a change of +17.9% from the year-ago quarter.
Based on the collective assessment of analysts, 'Geographic Revenue- Direct Revenue- Americas' should arrive at $446.07 million. The estimate indicates a change of +9.7% from the prior-year quarter.
It is projected by analysts that the 'Geographic Revenue- Direct Revenue- APAC and Other' will reach $157.61 million. The estimate indicates a year-over-year change of +2.2%.
Analysts' assessment points toward 'Payers - Total' reaching 15,553.47 thousand. The estimate compares to the year-ago value of 16,065 thousand.
The collective assessment of analysts points to an estimated 'Payers - Europe Payers' of 4,540.71 thousand. The estimate is in contrast to the year-ago figure of 4,451 thousand.
Analysts predict that the 'Payers - APAC and Other' will reach 3,593.44 thousand. The estimate compares to the year-ago value of 3,555 thousand.
The consensus estimate for 'RPP - Total' stands at $18.20. The estimate is in contrast to the year-ago figure of $16.
The consensus among analysts is that 'Payers - Americas' will reach 7,444.91 thousand. The estimate compares to the year-ago value of 8,059 thousand.
According to the collective judgment of analysts, 'RPP - Americas' should come in at $19.92. Compared to the present estimate, the company reported $16.81 in the same quarter last year.
Analysts expect 'RPP - Europe' to come in at $18.20. Compared to the current estimate, the company reported $15.75 in the same quarter of the previous year.
View all Key Company Metrics for Match Group here>>>
Shares of Match Group have demonstrated returns of +4% over the past month compared to the Zacks S&P 500 composite's +2.5% change. With a Zacks Rank #3 (Hold), MTCH is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217054/insights-into-match-group-mtch-q4-wall-street-projections-for-key-metrics
| 2024-01-30T02:51:47Z
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Wall Street analysts expect Kemper (KMPR - Free Report) to post quarterly earnings of $0.80 per share in its upcoming report, which indicates a year-over-year increase of 295.1%. Revenues are expected to be $1.21 billion, down 12.2% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 2.2% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Kemper metrics that are commonly tracked and forecasted by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenues- Specialty Property & Casualty Insurance- Earned Premiums' will likely reach $872.57 million. The estimate indicates a change of -11.1% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenues- Earned premiums' should arrive at $1.06 billion. The estimate indicates a change of -16.6% from the prior-year quarter.
Analysts expect 'Revenues- Net investment income' to come in at $108.07 million. The estimate indicates a change of +1.7% from the prior-year quarter.
The consensus estimate for 'Revenues- Life and Health Insurance- Earned premiums' stands at $107.15 million. The estimate suggests a change of -26% year over year.
Analysts predict that the 'Revenues- Life and Health Insurance- Total' will reach $153.88 million. The estimate points to a change of -22.2% from the year-ago quarter.
It is projected by analysts that the 'Revenues- Life and Health Insurance- Earned premiums- Accident and Health' will reach $3.92 million. The estimate indicates a year-over-year change of -87.5%.
The average prediction of analysts places 'Revenues- Life and Health Insurance- Earned premiums- Life' at $88.16 million. The estimate points to a change of -12.8% from the year-ago quarter.
Analysts forecast 'Revenues- Life and Health Insurance- Earned premiums- Property' to reach $11.60 million. The estimate points to a change of -4.9% from the year-ago quarter.
The consensus among analysts is that 'Revenues- Life and Health Insurance- Net investment income' will reach $50.15 million. The estimate indicates a year-over-year change of -4.7%.
Analysts' assessment points toward 'Revenues- Specialty Property & Casualty Insurance- Total' reaching $920.42 million. The estimate suggests a change of -9.9% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Specialty Property & Casualty Insurance- Net Investment Income' of $43.72 million. The estimate points to a change of +15.4% from the year-ago quarter.
According to the collective judgment of analysts, 'Segment Net Operating Income (Loss)- Life and Health Insurance' should come in at $15.07 million. Compared to the present estimate, the company reported $20.80 million in the same quarter last year.
View all Key Company Metrics for Kemper here>>>
Shares of Kemper have experienced a change of +26.8% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), KMPR is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217055/curious-about-kemper-kmpr-q4-performance-explore-wall-street-estimates-for-key-metrics?-explore-wall-street-estimates-for-key-metrics
| 2024-01-30T02:51:53Z
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In its upcoming report, C.H. Robinson Worldwide (CHRW - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.80 per share, reflecting a decline of 22.3% compared to the same period last year. Revenues are forecasted to be $4.35 billion, representing a year-over-year decrease of 14.1%.
The consensus EPS estimate for the quarter has undergone a downward revision of 2.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific C.H. Robinson metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Total Revenue- NAST' stands at $3.10 billion. The estimate suggests a change of -13% year over year.
The combined assessment of analysts suggests that 'Total Revenue- All Other and Corporate' will likely reach $525.10 million. The estimate points to a change of +7.1% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Total Revenue- Global Forwarding' of $747.46 million. The estimate suggests a change of -26.2% year over year.
According to the collective judgment of analysts, 'Average employee headcount' should come in at 15,554. The estimate is in contrast to the year-ago figure of 17,672.
Analysts predict that the 'Income (loss) from operations- NAST' will reach $126.23 million. The estimate is in contrast to the year-ago figure of $162.55 million.
It is projected by analysts that the 'Income (loss) from operations- Global Forwarding' will reach $25.50 million. Compared to the present estimate, the company reported $28.22 million in the same quarter last year.
View all Key Company Metrics for C.H. Robinson here>>>
Shares of C.H. Robinson have experienced a change of +1.2% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), CHRW is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217056/stay-ahead-of-the-game-with-ch-robinson-chrw-q4-earnings-wall-streets-insights-on-key-metrics
| 2024-01-30T02:51:59Z
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Wall Street analysts expect International Paper (IP - Free Report) to post quarterly earnings of $0.34 per share in its upcoming report, which indicates a year-over-year decline of 60.9%. Revenues are expected to be $4.68 billion, down 8.8% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
Bearing this in mind, let's now explore the average estimates of specific International Paper metrics that are commonly monitored and projected by Wall Street analysts.
The consensus estimate for 'Net Sales- Global Cellulose Fibers' stands at $674.22 million. The estimate points to a change of -19.9% from the year-ago quarter.
The average prediction of analysts places 'Net Sales- Industrial Packaging' at $3.93 billion. The estimate points to a change of -5.8% from the year-ago quarter.
Analysts expect 'Operating Profit- Global Cellulose Fibers' to come in at -$41.93 million. Compared to the present estimate, the company reported $35 million in the same quarter last year.
The consensus among analysts is that 'Operating Profit- Industrial Packaging' will reach $276.56 million. The estimate is in contrast to the year-ago figure of $416 million.
View all Key Company Metrics for International Paper here>>>
Shares of International Paper have experienced a change of +3.9% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #1 (Strong Buy), IP is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217057/what-analyst-projections-for-key-metrics-reveal-about-international-paper-ip-q4-earnings
| 2024-01-30T02:52:06Z
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Wall Street analysts forecast that Skechers (SKX - Free Report) will report quarterly earnings of $0.52 per share in its upcoming release, pointing to a year-over-year increase of 8.3%. It is anticipated that revenues will amount to $2.01 billion, exhibiting an increase of 7.2% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 1.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Skechers metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'Net Sales- Direct-to-consumer' to come in at $949.78 million. The estimate indicates a change of +14.5% from the prior-year quarter.
The consensus among analysts is that 'Net sales- Domestic- Wholesale' will reach $1.06 billion. The estimate indicates a change of +190.5% from the prior-year quarter.
Analysts predict that the 'Geographic Revenue- Americas' will reach $953.20 million. The estimate indicates a year-over-year change of +34.1%.
View all Key Company Metrics for Skechers here>>>
Shares of Skechers have experienced a change of +0.9% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), SKX is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217058/stay-ahead-of-the-game-with-skechers-skx-q4-earnings-wall-streets-insights-on-key-metrics
| 2024-01-30T02:52:12Z
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Wall Street analysts forecast that Landstar System (LSTR - Free Report) will report quarterly earnings of $1.63 per share in its upcoming release, pointing to a year-over-year decline of 37.3%. It is anticipated that revenues will amount to $1.25 billion, exhibiting a decline of 25.6% compared to the year-ago quarter.
The current level reflects a downward revision of 4.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Landstar metrics that Wall Street analysts commonly model and monitor.
The average prediction of analysts places 'Revenue- Truck Transportation' at $1.15 billion. The estimate indicates a year-over-year change of -24.8%.
Analysts forecast 'Revenue- Other' to reach $25.88 million. The estimate indicates a year-over-year change of -0.8%.
The consensus among analysts is that 'Revenue- Rail Intermodal' will reach $25.16 million. The estimate indicates a change of -19.5% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Revenue- Ocean and air cargo carriers' of $61.88 million. The estimate indicates a year-over-year change of -26.2%.
Analysts' assessment points toward 'Revenue per load - Ocean and air cargo carriers' reaching $7,695.55. The estimate compares to the year-ago value of $11,267.
The consensus estimate for 'Revenue per load - Rail Intermodal' stands at $3,399.92. Compared to the current estimate, the company reported $3,564 in the same quarter of the previous year.
Analysts expect 'Number of loads - Total' to come in at 530,721. Compared to the present estimate, the company reported 646,230 in the same quarter last year.
Based on the collective assessment of analysts, 'Number of loads - Truck Transportation' should arrive at 515,898. Compared to the current estimate, the company reported 630,020 in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Number of loads - Rail Intermodal' will likely reach 7,108. Compared to the current estimate, the company reported 7,440 in the same quarter of the previous year.
It is projected by analysts that the 'Revenue per load - Truck Transportation' will reach $2,211.24. Compared to the current estimate, the company reported $2,434 in the same quarter of the previous year.
According to the collective judgment of analysts, 'Number of loads - Ocean and air cargo carriers' should come in at 7,715. Compared to the current estimate, the company reported 7,440 in the same quarter of the previous year.
Analysts predict that the 'Loads hauled via BCO Independent Contractors included in total truck transportation' will reach 219,153. The estimate compares to the year-ago value of 250,230.
View all Key Company Metrics for Landstar here>>>
Landstar shares have witnessed a change of +1.8% in the past month, in contrast to the Zacks S&P 500 composite's +2.5% move. With a Zacks Rank #4 (Sell), LSTR is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217059/countdown-to-landstar-lstr-q4-earnings-a-look-at-estimates-beyond-revenue-and-eps
| 2024-01-30T02:52:18Z
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Wall Street analysts forecast that Clorox (CLX - Free Report) will report quarterly earnings of $1.07 per share in its upcoming release, pointing to a year-over-year increase of 9.2%. It is anticipated that revenues will amount to $1.78 billion, exhibiting an increase of 3.6% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 1.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Clorox metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Net Revenue- Health and Wellness' will reach $606.52 million. The estimate indicates a change of -4.5% from the prior-year quarter.
Analysts forecast 'Net Revenue- International' to reach $285.58 million. The estimate suggests a change of -0.2% year over year.
The collective assessment of analysts points to an estimated 'Net Revenue- Lifestyle' of $349.55 million. The estimate indicates a year-over-year change of +5.3%.
The average prediction of analysts places 'Net Revenue- Household' at $475.74 million. The estimate indicates a year-over-year change of +3%.
The consensus estimate for 'Organic Sales Growth' stands at 5.4%. Compared to the current estimate, the company reported 4% in the same quarter of the previous year.
Analysts expect 'Organic Revenue Growth - International' to come in at 13.0%. Compared to the current estimate, the company reported 9% in the same quarter of the previous year.
The consensus among analysts is that 'Organic Revenue Growth - Household' will reach 4.0%. Compared to the present estimate, the company reported 9% in the same quarter last year.
According to the collective judgment of analysts, 'Income before income taxes- Health and Wellness' should come in at $137.11 million. The estimate compares to the year-ago value of $103 million.
Analysts' assessment points toward 'Income before income taxes- International' reaching $27.58 million. Compared to the current estimate, the company reported $24 million in the same quarter of the previous year.
It is projected by analysts that the 'Income before income taxes- Lifestyle' will reach $69.25 million. Compared to the current estimate, the company reported $74 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Income before income taxes- Household' should arrive at $54.99 million. Compared to the present estimate, the company reported $44 million in the same quarter last year.
View all Key Company Metrics for Clorox here>>>
Shares of Clorox have demonstrated returns of +1.5% over the past month compared to the Zacks S&P 500 composite's +2.5% change. With a Zacks Rank #3 (Hold), CLX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217060/countdown-to-clorox-clx-q2-earnings-a-look-at-estimates-beyond-revenue-and-eps
| 2024-01-30T02:52:24Z
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Wall Street analysts expect Group 1 Automotive (GPI - Free Report) to post quarterly earnings of $10.49 per share in its upcoming report, which indicates a year-over-year decline of 3.4%. Revenues are expected to be $4.38 billion, up 7.5% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 1.9% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Group 1 Automotive metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts predict that the 'Revenues- New vehicle retail sales' will reach $2.17 billion. The estimate suggests a change of +9.8% year over year.
Analysts' assessment points toward 'Revenues- Finance, insurance and other, net' reaching $185.02 million. The estimate indicates a change of +7.1% from the prior-year quarter.
It is projected by analysts that the 'Revenues- Total Used vehicle' will reach $1.46 billion. The estimate suggests a change of +3.9% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Used vehicle wholesale sales' of $96.91 million. The estimate points to a change of +13.1% from the year-ago quarter.
Analysts expect 'Revenues- Parts and service sales' to come in at $571.50 million. The estimate suggests a change of +10.2% year over year.
According to the collective judgment of analysts, 'Revenues- Used vehicle retail sales' should come in at $1.36 billion. The estimate indicates a year-over-year change of +2.9%.
The consensus estimate for 'Units sold - Retail used vehicles sold' stands at 46,706. Compared to the present estimate, the company reported 43,560 in the same quarter last year.
The average prediction of analysts places 'Units sold - Retail new vehicles sold' at 44,362. Compared to the present estimate, the company reported 39,922 in the same quarter last year.
Analysts forecast 'Gross profit /(loss)- Total Used vehicle' to reach $64.50 million. Compared to the current estimate, the company reported $58.30 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Gross profit /(loss)- New vehicle retail sales' will likely reach $176.74 million. Compared to the current estimate, the company reported $207.40 million in the same quarter of the previous year.
Based on the collective assessment of analysts, 'Gross profit /(loss)- F&I, net' should arrive at $185.02 million. The estimate compares to the year-ago value of $172.70 million.
The consensus among analysts is that 'Gross profit /(loss)- Parts and service' will reach $313.61 million. The estimate is in contrast to the year-ago figure of $281.10 million.
View all Key Company Metrics for Group 1 Automotive here>>>
Group 1 Automotive shares have witnessed a change of -9.9% in the past month, in contrast to the Zacks S&P 500 composite's +2.5% move. With a Zacks Rank #3 (Hold), GPI is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217061/exploring-analyst-estimates-for-group-1-automotive-gpi-q4-earnings-beyond-revenue-and-eps
| 2024-01-30T02:52:31Z
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Wall Street analysts expect Boston Properties (BXP - Free Report) to post quarterly earnings of $1.81 per share in its upcoming report, which indicates a year-over-year decline of 2.7%. Revenues are expected to be $762.28 million, up 3.1% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 1% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Boston Properties metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus estimate for 'Revenue- Development and management services' stands at $9.26 million. The estimate suggests a change of +10.2% year over year.
Analysts' assessment points toward 'Revenue- Hotel revenue' reaching $11.72 million. The estimate indicates a change of +5.7% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Lease' should come in at $728.27 million. The estimate suggests a change of -1.5% year over year.
It is projected by analysts that the 'Revenue- Parking and other (including insurance proceeds)' will reach $29.05 million. The estimate points to a change of +7.6% from the year-ago quarter.
Analysts predict that the 'Depreciation and amortization' will reach $200.50 million. Compared to the current estimate, the company reported $198.33 million in the same quarter of the previous year.
View all Key Company Metrics for Boston Properties here>>>
Over the past month, Boston Properties shares have recorded returns of +1.5% versus the Zacks S&P 500 composite's +2.5% change. Based on its Zacks Rank #3 (Hold), BXP will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217062/stay-ahead-of-the-game-with-boston-properties-bxp-q4-earnings-wall-streets-insights-on-key-metrics
| 2024-01-30T02:52:37Z
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Wall Street analysts forecast that Hanover Insurance Group (THG - Free Report) will report quarterly earnings of $2.51 per share in its upcoming release, pointing to a year-over-year increase of 339.1%. It is anticipated that revenues will amount to $1.56 billion, exhibiting an increase of 7.9% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Hanover Insurance metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Revenues- Net investment income' reaching $84.76 million. The estimate indicates a year-over-year change of +11.7%.
Analysts predict that the 'Revenues- Premiums earned' will reach $1.46 billion. The estimate suggests a change of +7.4% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Fees and other income' of $9.17 million. The estimate points to a change of +29.1% from the year-ago quarter.
It is projected by analysts that the 'GAAP Combined Ratio' will reach 97.5%. Compared to the present estimate, the company reported 108% in the same quarter last year.
The average prediction of analysts places 'GAAP Loss and LAE Ratio' at 67.0%. The estimate is in contrast to the year-ago figure of 77.1%.
Analysts expect 'GAAP Expense Ratio' to come in at 30.5%. Compared to the present estimate, the company reported 30.9% in the same quarter last year.
View all Key Company Metrics for Hanover Insurance here>>>
Hanover Insurance shares have witnessed a change of +7.8% in the past month, in contrast to the Zacks S&P 500 composite's +2.5% move. With a Zacks Rank #5 (Strong Sell), THG is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217063/hanover-insurance-thg-q4-earnings-preview-what-you-should-know-beyond-the-headline-estimates
| 2024-01-30T02:52:43Z
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Wall Street analysts expect Reinsurance Group (RGA - Free Report) to post quarterly earnings of $4.40 per share in its upcoming report, which indicates a year-over-year increase of 47.2%. Revenues are expected to be $4.56 billion, up 4.4% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone an upward revision of 2.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Reinsurance Group metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts' assessment points toward 'Revenues- Net premiums' reaching $3.56 billion. The estimate indicates a change of +3.3% from the prior-year quarter.
The average prediction of analysts places 'Revenues- Investment income, net of related expenses/ Net investment income' at $904.13 million. The estimate indicates a change of +9.2% from the prior-year quarter.
Analysts expect 'Pre-tax adjusted operating income (loss)- Total Canada' to come in at $36.64 million. Compared to the present estimate, the company reported $39 million in the same quarter last year.
Based on the collective assessment of analysts, 'Pre-tax adjusted operating income (loss)- Total Asia Pacific' should arrive at $122.77 million. Compared to the current estimate, the company reported $102 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Pre-tax adjusted operating income (loss)- Total EMEA' of $78.81 million. The estimate is in contrast to the year-ago figure of $76 million.
The consensus estimate for 'Pre-tax adjusted operating income (loss)- Total U.S. and Latin America' stands at $186.35 million. The estimate compares to the year-ago value of $117 million.
Analysts forecast 'Pre-tax adjusted operating income (loss)- Canada Financial Solutions' to reach $6.95 million. The estimate is in contrast to the year-ago figure of $11 million.
The consensus among analysts is that 'Pre-tax adjusted operating income (loss)- Asia Pacific Traditional' will reach $71.76 million. The estimate is in contrast to the year-ago figure of $67 million.
The combined assessment of analysts suggests that 'Pre-tax adjusted operating income (loss)- EMEA Traditional' will likely reach $10.40 million. The estimate compares to the year-ago value of $13 million.
Analysts predict that the 'Pre-tax adjusted operating income (loss)- EMEA Financial Solutions' will reach $68.01 million. Compared to the current estimate, the company reported $63 million in the same quarter of the previous year.
It is projected by analysts that the 'Pre-tax adjusted operating income (loss)- U.S. and Latin America- Traditional' will reach $87.50 million. The estimate is in contrast to the year-ago figure of $15 million.
According to the collective judgment of analysts, 'Pre-tax adjusted operating income (loss)- Asia Pacific Financial Solutions' should come in at $47.28 million. Compared to the present estimate, the company reported $35 million in the same quarter last year.
View all Key Company Metrics for Reinsurance Group here>>>
Shares of Reinsurance Group have experienced a change of +5.7% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), RGA is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217064/unlocking-q4-potential-of-reinsurance-group-rga-exploring-wall-street-estimates-for-key-metrics
| 2024-01-30T02:52:50Z
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Columbia Sportswear Company (COLM - Free Report) is likely to register a top and bottom-line decline when it reports fourth-quarter 2023 earnings on Feb 1. The Zacks Consensus Estimate for revenues is pegged at $1.1 billion, suggesting a decrease of 7.6% from the prior-year quarter’s reported figure.
The consensus mark for quarterly earnings has remained unchanged in the past 30 days at $2.00 per share. This indicates a decline of 18.4% from the year-ago quarter’s reported figure. COLM has a trailing four-quarter earnings surprise of 147.8%, on average.
Factors to Consider
Columbia Sportswear has been operating in a challenging U.S. landscape. On its third-quarter earnings call, management stated that consumer demand for soft goods, including apparel and footwear, remains sluggish. For the fourth quarter of 2023, management expects a net sales decline of 10-5% to the $1,054-$1,106 million range due to a soft start to the fall selling season and cautious expectations for the balance of the year. The quarterly EPS is envisioned in the band of $1.93-$2.18 compared with $2.02 reported in the year-ago period.
Columbia Sportswear has been seeing higher SG&A costs for a while now. In the third quarter of 2023, SG&A expenses escalated by 10% to $351.6 million. The year-over-year rise in SG&A expenses can be attributed to elevated costs related to the supply chain, demand creation and DTC. Although the operating margin is expected to expand in the fourth quarter, the company’s view for 2023 suggests a year-over-year decline.
The operating income is likely to come in the range of $146-$166 million in the fourth quarter of 2023, with the operating margin expected to be 13.8-15%. This suggests growth from the operating margin of 13.3% reported in the fourth quarter of 2022. For 2023, the operating margin is expected in the range of 9.8-10.3% compared with the 11.3% reported in 2022.
However, Columbia Sportswear remains on track with its strategic priorities. It has been focused on making demand-creation investments aimed at driving brand awareness and aiding sales. Further, the company has been committed to enhancing consumers’ experience and its digital capacity in all networks and regions. It has also been exploring growth opportunities in the direct-to-consumer business and improving support processes.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Columbia Sportswear this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here.
Columbia Sportswear has an Earnings ESP of 0.00%, and it 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 With the Favorable Combination
Here are three companies worth considering as our model shows that these have the correct combination to beat on earnings this time:
Inter Parfums (IPAR - Free Report) currently has an Earnings ESP of +11.27% and a Zacks Rank of 2. The company is likely to register a top-line increase when it reports fourth-quarter 2023 numbers. The Zacks Consensus Estimate for Inter Parfums’ quarterly revenues is pegged at $329.1 million, indicating a rise of 5.9% from the figure reported in the prior-year quarter. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Inter Parfums’ quarterly earnings of 35 cents suggests a decrease of 50.7% from the year-ago quarter’s levels. IPAR has a trailing four-quarter earnings surprise of 45.7%, on average.
Mondelez International (MDLZ - Free Report) currently has an Earnings ESP of +0.62% and a Zacks Rank #3. The company is likely to register top-and-bottom-line growth when it reports fourth-quarter 2023 numbers. The Zacks Consensus Estimate for Mondelez’s quarterly revenues is pegged at $9.3 billion, indicating a rise of roughly 7% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Mondelez’s quarterly earnings of 78 cents suggests an increase of 6.9% from the year-ago quarter’s levels. MDLZ has a trailing four-quarter earnings surprise of 7.3%, on average.
The Estee Lauder Companies (EL - Free Report) has an Earnings ESP of +3.55% and a Zacks Rank #3. The company is likely to witness top-and-bottom-line decline when it reports second-quarter fiscal 2024 results. The Zacks Consensus Estimate for Estee Lauder’s quarterly revenues is pegged at $4.2 billion, which suggests a drop of 9.2% from the figure reported in the prior-year quarter.
The Zacks Consensus Estimate for Estee Lauder’s quarterly EPS has remained unchanged in the past 30 days at 55 cents, which suggests a drop of 64.3% from the year-ago quarter’s level. EL has a trailing four-quarter earnings surprise of 110.1%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Normally $25 each - click below to receive one report FREE:
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The Estee Lauder Companies Inc. (EL) - free report >>
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https://www.zacks.com/stock/news/2217065/things-to-note-before-columbia-sportswears-colm-q4-earnings
| 2024-01-30T02:52:56Z
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Wall Street analysts expect Broadridge Financial Solutions (BR - Free Report) to post quarterly earnings of $0.88 per share in its upcoming report, which indicates a year-over-year decline of 3.3%. Revenues are expected to be $1.39 billion, up 7.7% from the year-ago quarter.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Broadridge Financial metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Net Revenues- Global Technology and Operations' should arrive at $392.25 million. The estimate points to a change of +5% from the year-ago quarter.
Analysts forecast 'Total ICS Recurring Fee Revenues' to reach $498.44 million. The estimate suggests a change of +6.8% year over year.
The consensus among analysts is that 'Total ICS Event- Driven Fee Revenues- Equity and other' will reach $24.90 million. The estimate indicates a change of -1.2% from the prior-year quarter.
The average prediction of analysts places 'Total ICS Event- Driven Fee Revenues- Mutual funds' at $22.32 million. The estimate suggests a change of +80% year over year.
According to the collective judgment of analysts, 'Total ICS Event- Driven Fee Revenues' should come in at $47.22 million. The estimate indicates a change of +25.6% from the prior-year quarter.
It is projected by analysts that the 'Distribution Revenues' will reach $453.01 million. The estimate suggests a change of +9.2% year over year.
Analysts expect 'Net revenues- Investor Communication Solutions' to come in at $998.67 million. The estimate indicates a change of +8.6% from the prior-year quarter.
The combined assessment of analysts suggests that 'Total ICS Recurring Fee Revenues- Data- driven fund solutions' will likely reach $106.75 million. The estimate indicates a year-over-year change of +10.7%.
The collective assessment of analysts points to an estimated 'Total ICS Recurring Fee Revenues- Issuer' of $29.74 million. The estimate indicates a change of +12.2% from the prior-year quarter.
The consensus estimate for 'Total ICS Recurring Fee Revenues- Customer communications' stands at $172.52 million. The estimate suggests a change of +5.6% year over year.
Analysts predict that the 'Total GTO Recurring Fee Revenues- Capital markets' will reach $248.08 million. The estimate points to a change of +5.4% from the year-ago quarter.
Analysts' assessment points toward 'Total GTO Recurring Fee Revenues- Wealth and investment management' reaching $144.17 million. The estimate indicates a change of +4.3% from the prior-year quarter.
View all Key Company Metrics for Broadridge Financial here>>>
Over the past month, Broadridge Financial shares have recorded returns of +1% versus the Zacks S&P 500 composite's +2.5% change. Based on its Zacks Rank #2 (Buy), BR will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217066/unveiling-broadridge-financial-br-q2-outlook-wall-street-estimates-for-key-metrics
| 2024-01-30T02:53:02Z
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Wall Street analysts expect Columbia Sportswear (COLM - Free Report) to post quarterly earnings of $2 per share in its upcoming report, which indicates a year-over-year decline of 18.4%. Revenues are expected to be $1.08 billion, down 7.6% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.9% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Columbia Sportswear metrics that are commonly tracked and projected by analysts on Wall Street.
The combined assessment of analysts suggests that 'Geographic Net sales to unrelated entities- Canada' will likely reach $60.24 million. The estimate points to a change of -34.5% from the year-ago quarter.
Analysts predict that the 'Geographic Net sales to unrelated entities- Europe, Middle East and Africa (EMEA)' will reach $121.30 million. The estimate suggests a change of -8.7% year over year.
The average prediction of analysts places 'Geographic Net sales to unrelated entities- United States' at $744.21 million. The estimate indicates a change of -4.7% from the prior-year quarter.
The consensus estimate for 'Geographic Net sales to unrelated entities- Latin America and Asia Pacific (LAAP)' stands at $164.60 million. The estimate suggests a change of +0.4% year over year.
View all Key Company Metrics for Columbia Sportswear here>>>
Over the past month, shares of Columbia Sportswear have returned +1.2% versus the Zacks S&P 500 composite's +2.5% change. Currently, COLM carries a Zacks Rank #4 (Sell), suggesting that it may underperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217067/gear-up-for-columbia-sportswear-colm-q4-earnings-wall-street-estimates-for-key-metrics
| 2024-01-30T02:53:08Z
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In its upcoming report, DXC Technology Company. (DXC - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.77 per share, reflecting a decline of 19% compared to the same period last year. Revenues are forecasted to be $3.36 billion, representing a year-over-year decrease of 5.8%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.6% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific DXC Technology Company. metrics that are commonly monitored and projected by Wall Street analysts.
Analysts' assessment points toward 'Revenues- Global Infrastructure Services (GIS)' reaching $1.67 billion. The estimate indicates a year-over-year change of -8.9%.
The average prediction of analysts places 'Revenues- Global Business Service (GBS)' at $1.69 billion. The estimate indicates a year-over-year change of -2.6%.
According to the collective judgment of analysts, 'Segment Profit- Global Business Service (GBS)' should come in at $204.18 million. Compared to the present estimate, the company reported $244 million in the same quarter last year.
The collective assessment of analysts points to an estimated 'Segment Profit- Global Infrastructure Services (GIS)' of $97.06 million. Compared to the present estimate, the company reported $123 million in the same quarter last year.
View all Key Company Metrics for DXC Technology Company. here>>>
Shares of DXC Technology Company. have experienced a change of +1.6% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), DXC is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217068/exploring-analyst-estimates-for-dxc-technology-company-dxc-q3-earnings-beyond-revenue-and-eps
| 2024-01-30T02:53:15Z
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In its upcoming report, Stanley Black & Decker (SWK - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.73 per share, reflecting an increase of 830% compared to the same period last year. Revenues are forecasted to be $3.86 billion, representing a year-over-year decrease of 3.3%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 19.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Bearing this in mind, let's now explore the average estimates of specific Stanley Black & Decker metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Net Sales- Tools & Outdoor' will reach $3.24 billion. The estimate indicates a year-over-year change of -4.1%.
The collective assessment of analysts points to an estimated 'Net Sales- Industrial' of $586.51 million. The estimate indicates a year-over-year change of -2.9%.
According to the collective judgment of analysts, 'Operating profit- Tools & Outdoor- Normalized' should come in at $277.08 million. Compared to the present estimate, the company reported $33.20 million in the same quarter last year.
Analysts expect 'Operating profit- Industrial- Normalized' to come in at $72.52 million. Compared to the present estimate, the company reported $69.60 million in the same quarter last year.
View all Key Company Metrics for Stanley Black & Decker here>>>
Shares of Stanley Black & Decker have experienced a change of -3.5% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), SWK is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217069/wall-streets-insights-into-key-metrics-ahead-of-stanley-black-decker-swk-q4-earnings?-decker-(swk)-q4-earnings
| 2024-01-30T02:53:21Z
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In its upcoming report, Post Holdings (POST - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.06 per share, reflecting a decline of 1.9% compared to the same period last year. Revenues are forecasted to be $1.92 billion, representing a year-over-year increase of 22.4%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 0.9% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
With that in mind, let's delve into the average projections of some Post Holdings metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Net Sales- Post Consumer Brands' will reach $950.86 million. The estimate indicates a change of +71.4% from the prior-year quarter.
The average prediction of analysts places 'Net Sales- Weetabix' at $125.96 million. The estimate indicates a change of +6.7% from the prior-year quarter.
Analysts' assessment points toward 'Net Sales- Refrigerated Retail' reaching $285.55 million. The estimate points to a change of -2.5% from the year-ago quarter.
The consensus estimate for 'Net Sales- Foodservice' stands at $561.12 million. The estimate indicates a year-over-year change of -6.6%.
The collective assessment of analysts points to an estimated 'Adjusted EBITDA- Post Consumer Brands' of $155.81 million. The estimate compares to the year-ago value of $112.90 million.
The combined assessment of analysts suggests that 'Adjusted EBITDA- Weetabix' will likely reach $28.66 million. Compared to the current estimate, the company reported $29.70 million in the same quarter of the previous year.
Analysts forecast 'Adjusted EBITDA- Foodservice' to reach $95.05 million. Compared to the current estimate, the company reported $109 million in the same quarter of the previous year.
It is projected by analysts that the 'Adjusted EBITDA- Refrigerated Retail' will reach $40.45 million. Compared to the current estimate, the company reported $40 million in the same quarter of the previous year.
View all Key Company Metrics for Post Holdings here>>>
Shares of Post Holdings have experienced a change of +5.4% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), POST is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217070/unveiling-post-holdings-post-q1-outlook-wall-street-estimates-for-key-metrics
| 2024-01-30T02:53:27Z
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In its upcoming report, Meta Platforms (META - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $4.84 per share, reflecting an increase of 61.3% compared to the same period last year. Revenues are forecasted to be $38.93 billion, representing a year-over-year increase of 21%.
The current level reflects an upward revision of 0.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Meta Platforms metrics that are routinely monitored and predicted by Wall Street analysts.
The consensus among analysts is that 'Revenue- Advertising' will reach $37.88 billion. The estimate indicates a year-over-year change of +21.2%.
Analysts expect 'Revenue- Reality Labs' to come in at $820.33 million. The estimate indicates a change of +12.8% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- Family of Apps (FoA)' will likely reach $38.17 billion. The estimate points to a change of +21.4% from the year-ago quarter.
Analysts forecast 'Revenue- Other' to reach $240.10 million. The estimate indicates a year-over-year change of +30.5%.
The collective assessment of analysts points to an estimated 'Advertising Revenue- US & Canada' of $17.51 billion. The estimate indicates a year-over-year change of +16.7%.
It is projected by analysts that the 'Advertising Revenue- Asia-Pacific' will reach $7.22 billion. The estimate indicates a change of +21% from the prior-year quarter.
Based on the collective assessment of analysts, 'Advertising Revenue- Rest of the World' should arrive at $4.38 billion. The estimate points to a change of +29.7% from the year-ago quarter.
The consensus estimate for 'Advertising Revenue- Europe' stands at $8.82 billion. The estimate indicates a year-over-year change of +27.8%.
Analysts' assessment points toward 'Monthly active users (MAUs) - Worldwide' reaching 3,061.13 million. Compared to the present estimate, the company reported 2,963 million in the same quarter last year.
Analysts predict that the 'Daily Active Users (DAUs) - Worldwide' will reach 2,092.74 million. The estimate compares to the year-ago value of 2,000 million.
The average prediction of analysts places 'Daily Active Users (DAUs) - Asia-Pacific' at 905.76 million. Compared to the present estimate, the company reported 854 million in the same quarter last year.
According to the collective judgment of analysts, 'Daily Active Users (DAUs) - US& Canada' should come in at 203.68 million. Compared to the current estimate, the company reported 199 million in the same quarter of the previous year.
View all Key Company Metrics for Meta Platforms here>>>
Over the past month, shares of Meta Platforms have returned +11.4% versus the Zacks S&P 500 composite's +2.5% change. Currently, META carries a Zacks Rank #2 (Buy), suggesting that it may outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217071/wall-streets-insights-into-key-metrics-ahead-of-meta-platforms-meta-q4-earnings
| 2024-01-30T02:53:34Z
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Wall Street analysts forecast that Littelfuse (LFUS - Free Report) will report quarterly earnings of $2.02 per share in its upcoming release, pointing to a year-over-year decline of 39.5%. It is anticipated that revenues will amount to $536.05 million, exhibiting a decline of 12.6% compared to the year-ago quarter.
The current level reflects a downward revision of 0.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
That said, let's delve into the average estimates of some Littelfuse metrics that Wall Street analysts commonly model and monitor.
The combined assessment of analysts suggests that 'Net Sales- Industrial' will likely reach $80.83 million. The estimate indicates a change of +9% from the prior-year quarter.
Analysts expect 'Net sales- Electronics' to come in at $317.69 million. The estimate points to a change of -14.4% from the year-ago quarter.
Analysts' assessment points toward 'Operating income / (loss)- Electronic' reaching $60.00 million. Compared to the current estimate, the company reported $91.94 million in the same quarter of the previous year.
Analysts predict that the 'Operating income / (loss)- Industrial' will reach $12.99 million. Compared to the present estimate, the company reported $8.89 million in the same quarter last year.
View all Key Company Metrics for Littelfuse here>>>
Littelfuse shares have witnessed a change of -12.3% in the past month, in contrast to the Zacks S&P 500 composite's +2.5% move. With a Zacks Rank #4 (Sell), LFUS is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217072/littelfuse-lfus-q4-earnings-on-the-horizon-analysts-insights-on-key-performance-measures
| 2024-01-30T02:53:40Z
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The upcoming report from Rogers Communication (RCI - Free Report) is expected to reveal quarterly earnings of $0.76 per share, indicating a decline of 5% compared to the year-ago period. Analysts forecast revenues of $3.99 billion, representing an increase of 30% year over year.
The consensus EPS estimate for the quarter has been revised 7% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Rogers Communication metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts forecast 'Wireless Subscriber - Postpaid mobile phone - Gross additions' to reach 523.67 thousand. Compared to the present estimate, the company reported 537 thousand in the same quarter last year.
According to the collective judgment of analysts, 'Wireless Subscriber - Total Postpaid mobile phone subscribers' should come in at 10,492.38 thousand. The estimate compares to the year-ago value of 9,392 thousand.
The collective assessment of analysts points to an estimated 'Wireless Subscriber - Prepaid mobile phone - Gross additions' of 207.78 thousand. Compared to the current estimate, the company reported 216 thousand in the same quarter of the previous year.
Analysts' assessment points toward 'Wireless Subscriber - Total prepaid mobile phone subscribers' reaching 1,267.50 thousand. The estimate is in contrast to the year-ago figure of 1,255 thousand.
It is projected by analysts that the 'Wireless Subscriber - Prepaid churn' will reach 5.7%. The estimate is in contrast to the year-ago figure of 5.9%.
Analysts expect 'Wireless Subscriber - Postpaid mobile phone - Net additions' to come in at 160.38 thousand. The estimate compares to the year-ago value of 193 thousand.
View all Key Company Metrics for Rogers Communication here>>>
Over the past month, Rogers Communication shares have recorded returns of +1.4% versus the Zacks S&P 500 composite's +2.5% change. Based on its Zacks Rank #3 (Hold), RCI will likely exhibit a performance that aligns with the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217073/insights-into-rogers-communication-rci-q4-wall-street-projections-for-key-metrics
| 2024-01-30T02:53:46Z
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Wall Street analysts expect Atlassian (TEAM - Free Report) to post quarterly earnings of $0.62 per share in its upcoming report, which indicates a year-over-year increase of 37.8%. Revenues are expected to be $1.02 billion, up 16.8% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 29.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Atlassian metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Revenues- Subscription' should come in at $889.23 million. The estimate indicates a year-over-year change of +25%.
The collective assessment of analysts points to an estimated 'Revenues- Other' of $55.82 million. The estimate suggests a change of +0.6% year over year.
The consensus among analysts is that 'Revenues- Maintenance' will reach $58.07 million. The estimate points to a change of -45.2% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenues- Marketplace and services' should arrive at $58.35 million. The estimate indicates a year-over-year change of -2.7%.
Analysts' assessment points toward 'Revenues- Server' reaching $53.94 million. The estimate indicates a change of -49.2% from the prior-year quarter.
It is projected by analysts that the 'Revenues- Cloud' will reach $648.02 million. The estimate suggests a change of +26.5% year over year.
Analysts forecast 'Revenues- Data Center' to reach $259.48 million. The estimate indicates a change of +33.6% from the prior-year quarter.
Analysts predict that the 'Customers' will reach 269,865. The estimate compares to the year-ago value of 253,177.
View all Key Company Metrics for Atlassian here>>>
Shares of Atlassian have experienced a change of +4.2% in the past month compared to the +2.5% move of the Zacks S&P 500 composite. With a Zacks Rank #2 (Buy), TEAM is expected to outperform the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217074/countdown-to-atlassian-team-q2-earnings-a-look-at-estimates-beyond-revenue-and-eps
| 2024-01-30T02:53:53Z
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Wall Street analysts expect Sirius XM (SIRI - Free Report) to post quarterly earnings of $0.07 per share in its upcoming report, which indicates a year-over-year decline of 22.2%. Revenues are expected to be $2.3 billion, up 0.6% from the year-ago quarter.
The consensus EPS estimate for the quarter has been revised 2.4% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
In light of this perspective, let's dive into the average estimates of certain Sirius XM metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'Revenue- Sirius XM- Total' to come in at $1.73 billion. The estimate indicates a year-over-year change of +0.2%.
Analysts predict that the 'Revenue- Pandora and Off-platform- Total' will reach $566.54 million. The estimate suggests a change of +1.2% year over year.
Based on the collective assessment of analysts, 'Revenue- Sirius XM- Subscriber revenue' should arrive at $1.60 billion. The estimate points to a change of +0.2% from the year-ago quarter.
The consensus estimate for 'Revenue- Sirius XM- Advertising revenue' stands at $46.18 million. The estimate indicates a year-over-year change of -7.6%.
Analysts forecast 'Revenue- Sirius XM- Equipment revenue' to reach $42.84 million. The estimate indicates a change of +4.5% from the prior-year quarter.
Analysts' assessment points toward 'Revenue- Subscriber revenue' reaching $1.73 billion. The estimate suggests a change of +0.3% year over year.
It is projected by analysts that the 'Subscribers - Net additions - Sirius XM - Self-pay subscribers' will reach 124. Compared to the present estimate, the company reported 162 in the same quarter last year.
According to the collective judgment of analysts, 'ARPU - Sirius XM' should come in at $15.71. The estimate compares to the year-ago value of $15.64.
The combined assessment of analysts suggests that 'Subscribers - Pandora and Off-platform - Ending subscribers' will likely reach 6,089. Compared to the present estimate, the company reported 6,215 in the same quarter last year.
The average prediction of analysts places 'Subscribers - Sirius XM - Ending subscribers' at 34,098. The estimate compares to the year-ago value of 34,305.
The consensus among analysts is that 'Subscribers - Sirius XM - Paid promotional subscribers' will reach 2,154. The estimate compares to the year-ago value of 1,918.
The collective assessment of analysts points to an estimated 'Subscribers - Sirius XM - Self-pay subscribers' of 31,934. The estimate is in contrast to the year-ago figure of 32,387.
View all Key Company Metrics for Sirius XM here>>>
Sirius XM shares have witnessed a change of -2.4% in the past month, in contrast to the Zacks S&P 500 composite's +2.5% move. With a Zacks Rank #4 (Sell), SIRI is expected underperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217075/exploring-analyst-estimates-for-sirius-xm-siri-q4-earnings-beyond-revenue-and-eps
| 2024-01-30T02:54:05Z
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The upcoming report from WestRock (WRK - Free Report) is expected to reveal quarterly earnings of $0.35 per share, indicating a decline of 36.4% compared to the year-ago period. Analysts forecast revenues of $4.84 billion, representing a decrease of 1.8% year over year.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain WestRock metrics that are commonly tracked and forecasted by Wall Street analysts.
The consensus estimate for 'Segment Sales- Corrugated Packaging' stands at $2.46 billion. The estimate indicates a change of +10.1% from the prior-year quarter.
Based on the collective assessment of analysts, 'Segment Sales- Consumer Packaging' should arrive at $1.19 billion. The estimate points to a change of -1.7% from the year-ago quarter.
Analysts' assessment points toward 'Segment Sales- Global Paper' reaching $894.75 million. The estimate suggests a change of -20.4% year over year.
The combined assessment of analysts suggests that 'Segment Sales- Distribution' will likely reach $338.60 million. The estimate suggests a change of +5.3% year over year.
View all Key Company Metrics for WestRock here>>>
Over the past month, WestRock shares have recorded returns of +2.1% versus the Zacks S&P 500 composite's +2.5% change. Based on its Zacks Rank #1 (Strong Buy), WRK will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217076/gear-up-for-westrock-wrk-q1-earnings-wall-street-estimates-for-key-metrics
| 2024-01-30T02:54:11Z
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Wall Street analysts expect Schneider National (SNDR - Free Report) to post quarterly earnings of $0.21 per share in its upcoming report, which indicates a year-over-year decline of 67.2%. Revenues are expected to be $1.37 billion, down 12.5% from the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 10.7% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Schneider National metrics that are commonly tracked and projected by analysts on Wall Street.
The average prediction of analysts places 'Revenues- Truckload' at $551.48 million. The estimate points to a change of +1.1% from the year-ago quarter.
Analysts expect 'Revenues- Intermodal' to come in at $271.68 million. The estimate suggests a change of -13.9% year over year.
Analysts forecast 'Revenues- Logistics' to reach $318.69 million. The estimate indicates a change of -25% from the prior-year quarter.
The consensus estimate for 'Revenues- Other' stands at $83.43 million. The estimate suggests a change of -7.1% year over year.
The consensus among analysts is that 'Logistics - Operating Ratio' will reach 97.2%. Compared to the present estimate, the company reported 94.3% in the same quarter last year.
Based on the collective assessment of analysts, 'Operating Ratio - Consolidated' should arrive at 95.8%. Compared to the current estimate, the company reported 90.8% in the same quarter of the previous year.
Analysts' assessment points toward 'Intermodal - Operating Ratio' reaching 94.4%. Compared to the present estimate, the company reported 83.3% in the same quarter last year.
The collective assessment of analysts points to an estimated 'Truckload - Operating Ratio' of 94.9%. The estimate compares to the year-ago value of 87.4%.
The combined assessment of analysts suggests that 'Network - Average trucks' will likely reach 4,364. Compared to the present estimate, the company reported 4,539 in the same quarter last year.
It is projected by analysts that the 'Intermodal - Revenue per order' will reach $2,613.48. Compared to the current estimate, the company reported $2,979 in the same quarter of the previous year.
According to the collective judgment of analysts, 'Intermodal - Orders' should come in at 105. The estimate is in contrast to the year-ago figure of 108.
Analysts predict that the 'Dedicated - Average trucks' will reach 6,370. Compared to the present estimate, the company reported 5,967 in the same quarter last year.
View all Key Company Metrics for Schneider National here>>>
Over the past month, Schneider National shares have recorded returns of -2.5% versus the Zacks S&P 500 composite's +2.5% change. Based on its Zacks Rank #5 (Strong Sell), SNDR will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217077/unveiling-schneider-national-sndr-q4-outlook-wall-street-estimates-for-key-metrics
| 2024-01-30T02:54:17Z
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In its upcoming report, Gen Digital (GEN - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.50 per share, reflecting an increase of 11.1% compared to the same period last year. Revenues are forecasted to be $955.8 million, representing a year-over-year increase of 2.1%.
Over the past 30 days, the consensus EPS estimate for the quarter has remained unchanged. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Given this perspective, it's time to examine the average forecasts of specific Gen Digital metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts expect 'Partner revenues' to come in at $100.49 million. The estimate indicates a change of +5.8% from the prior-year quarter.
The consensus estimate for 'Direct customer revenues' stands at $847.20 million. The estimate indicates a year-over-year change of +3.6%.
The combined assessment of analysts suggests that 'Direct average revenue per user (ARPU)' will likely reach $7.32. Compared to the current estimate, the company reported $7.09 in the same quarter of the previous year.
The consensus among analysts is that 'Average direct customer count' will reach 38.54 million. Compared to the current estimate, the company reported 38.4 million in the same quarter of the previous year.
View all Key Company Metrics for Gen Digital here>>>
Over the past month, shares of Gen Digital have returned +4.2% versus the Zacks S&P 500 composite's +2.5% change. Currently, GEN carries a Zacks Rank #3 (Hold), suggesting that its performance may align with the overall market in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217078/insights-into-gen-digital-gen-q3-wall-street-projections-for-key-metrics
| 2024-01-30T02:54:24Z
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Have you been paying attention to shares of Eaton (ETN - Free Report) ? Shares have been on the move with the stock up 2.1% over the past month. The stock hit a new 52-week high of $247.55 in the previous session. Eaton has gained 2.1% since the start of the year compared to the 15.4% move for the Zacks Industrial Products sector and the 24.5% return for the Zacks Manufacturing - Electronics industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 31, 2023, Eaton reported EPS of $2.47 versus consensus estimate of $2.34.
For the current fiscal year, Eaton is expected to post earnings of $10 per share on $23.12 billion in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $11.10 per share on $24.73 billion in revenues. This represents a year-over-year change of 10.76% and 6.95%, respectively.
Valuation Metrics
Eaton may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Eaton has a Value Score of C. The stock's Growth and Momentum Scores are B and A, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 24.6X current fiscal year EPS estimates, which is a premium to the peer industry average of 20.7X. On a trailing cash flow basis, the stock currently trades at 24.5X versus its peer group's average of 18.5X. Additionally, the stock has a PEG ratio of 2.09. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Eaton currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Eaton passes the test. Thus, it seems as though Eaton shares could have a bit more room to run in the near term.
How Does ETN Stack Up to the Competition?
Shares of ETN have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is AZZ Inc. (AZZ - Free Report) . AZZ has a Zacks Rank of # 1 (Strong Buy) and a Value Score of A, a Growth Score of A, and a Momentum Score of B.
Earnings were strong last quarter. AZZ Inc. beat our consensus estimate by 20.20%, and for the current fiscal year, AZZ is expected to post earnings of $4.69 per share on revenue of $1.53 billion.
Shares of AZZ Inc. have gained 7.4% over the past month, and currently trade at a forward P/E of 14.52X and a P/CF of 8.58X.
The Manufacturing - Electronics industry is in the top 5% of all the industries we have in our universe, so it looks like there are some nice tailwinds for ETN and AZZ, even beyond their own solid fundamental situation.
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https://www.zacks.com/stock/news/2217079/eaton-corporation-plc-etn-hits-fresh-high-is-there-still-room-to-run?
| 2024-01-30T02:54:30Z
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Have you been paying attention to shares of SPX Technologies (SPXC - Free Report) ? Shares have been on the move with the stock up 2.3% over the past month. The stock hit a new 52-week high of $104.26 in the previous session. SPX Technologies has gained 2.3% since the start of the year compared to the 23% move for the Zacks Business Services sector and the 47.8% return for the Zacks Technology Services industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 2, 2023, SPX Technologies reported EPS of $1.06 versus consensus estimate of $0.95.
For the current fiscal year, SPX Technologies is expected to post earnings of $4.77 per share on $1.75 billion in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $5.35 per share on $1.88 billion in revenues. This represents a year-over-year change of 11.01% and 7.44%, respectively.
Valuation Metrics
SPX Technologies may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
SPX Technologies has a Value Score of B. The stock's Growth and Momentum Scores are B and D, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 21.6X current fiscal year EPS estimates, which is not in-line with the peer industry average of 24.5X. On a trailing cash flow basis, the stock currently trades at 23X versus its peer group's average of 8.4X. Additionally, the stock has a PEG ratio of 1.2. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, SPX Technologies currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if SPX Technologies passes the test. Thus, it seems as though SPX Technologies shares could have a bit more room to run in the near term.
How Does SPXC Stack Up to the Competition?
Shares of SPXC have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is GigaCloud Technology Inc. (GCT - Free Report) . GCT has a Zacks Rank of # 1 (Strong Buy) and a Value Score of B, a Growth Score of A, and a Momentum Score of D.
Earnings were strong last quarter. GigaCloud Technology Inc. beat our consensus estimate by 55.26%, and for the current fiscal year, GCT is expected to post earnings of $2.23 per share on revenue of $679.4 million.
Shares of GigaCloud Technology Inc. have gained 40% over the past month, and currently trade at a forward P/E of 11.49X and a P/CF of 41.1X.
The Technology Services industry is in the top 30% of all the industries we have in our universe, so it looks like there are some nice tailwinds for SPXC and GCT, even beyond their own solid fundamental situation.
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https://www.zacks.com/stock/news/2217080/spx-technologies-inc-spxc-soars-to-52-week-high-time-to-cash-out?
| 2024-01-30T02:54:36Z
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Have you been paying attention to shares of Eagle Materials (EXP - Free Report) ? Shares have been on the move with the stock up 6.4% over the past month. The stock hit a new 52-week high of $216.99 in the previous session. Eagle Materials has gained 6.4% since the start of the year compared to the 48.7% move for the Zacks Construction sector and the 46.9% return for the Zacks Building Products - Concrete and Aggregates industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on January 25, 2024, Eagle Materials reported EPS of $3.72 versus consensus estimate of $3.56 while it beat the consensus revenue estimate by 4.02%.
For the current fiscal year, Eagle Materials is expected to post earnings of $14.29 per share on $2.24 billion in revenues. This represents a 14.05% change in EPS on a 4.37% change in revenues. For the next fiscal year, the company is expected to earn $15.48 per share on $2.36 billion in revenues. This represents a year-over-year change of 8.29% and 5.32%, respectively.
Valuation Metrics
Eagle Materials may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Eagle Materials has a Value Score of C. The stock's Growth and Momentum Scores are B and A, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 15.1X current fiscal year EPS estimates, which is a premium to the peer industry average of 12.8X. On a trailing cash flow basis, the stock currently trades at 12.9X versus its peer group's average of 12.4X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Eagle Materials currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Eagle Materials fits the bill. Thus, it seems as though Eagle Materials shares could have potential in the weeks and months to come.
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https://www.zacks.com/stock/news/2217081/eagle-materials-inc-exp-hits-fresh-high-is-there-still-room-to-run?
| 2024-01-30T02:54:43Z
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Have you been paying attention to shares of Amazon (AMZN - Free Report) ? Shares have been on the move with the stock up 4.7% over the past month. The stock hit a new 52-week high of $160.72 in the previous session. Amazon has gained 4.7% since the start of the year compared to the 29.7% move for the Zacks Retail-Wholesale sector and the 58.3% return for the Zacks Internet - Commerce industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 26, 2023, Amazon reported EPS of $0.85 versus consensus estimate of $0.58.
For the current fiscal year, Amazon is expected to post earnings of $3.66 per share on $571.07 billion in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $4.73 per share on $636.82 billion in revenues. This represents a year-over-year change of 35.54% and 11.51%, respectively.
Valuation Metrics
Amazon may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Amazon has a Value Score of C. The stock's Growth and Momentum Scores are A and A, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 43.4X current fiscal year EPS estimates, which is a premium to the peer industry average of 19.7X. On a trailing cash flow basis, the stock currently trades at 33.1X versus its peer group's average of 15.5X. Additionally, the stock has a PEG ratio of 1.52. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Amazon currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Amazon meets the list of requirements. Thus, it seems as though Amazon shares could have a bit more room to run in the near term.
How Does AMZN Stack Up to the Competition?
Shares of AMZN have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is MercadoLibre, Inc. (MELI - Free Report) . MELI has a Zacks Rank of # 2 (Buy) and a Value Score of C, a Growth Score of A, and a Momentum Score of B.
Earnings were strong last quarter. MercadoLibre, Inc. beat our consensus estimate by 22.39%, and for the current fiscal year, MELI is expected to post earnings of $35.14 per share on revenue of $14.34 billion.
Shares of MercadoLibre, Inc. have gained 14.3% over the past month, and currently trade at a forward P/E of 51.1X and a P/CF of 102.06X.
The Internet - Commerce industry is in the top 43% of all the industries we have in our universe, so it looks like there are some nice tailwinds for AMZN and MELI, even beyond their own solid fundamental situation.
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https://www.zacks.com/stock/news/2217082/amazoncom-inc-amzn-soars-to-52-week-high-time-to-cash-out?
| 2024-01-30T02:54:49Z
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Have you been paying attention to shares of Colgate-Palmolive (CL - Free Report) ? Shares have been on the move with the stock up 3.9% over the past month. The stock hit a new 52-week high of $83.62 in the previous session. Colgate-Palmolive has gained 3.9% since the start of the year compared to the -5.2% move for the Zacks Consumer Staples sector and the 5.7% return for the Zacks Soap and Cleaning Materials industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on January 26, 2024, Colgate-Palmolive reported EPS of $0.87 versus consensus estimate of $0.85 while it beat the consensus revenue estimate by 1.06%.
For the current fiscal year, Colgate-Palmolive is expected to post earnings of $3.47 per share on $20.02 billion in revenues. This represents a 7.43% change in EPS on a 2.9% change in revenues. For the next fiscal year, the company is expected to earn $3.75 per share on $21.02 billion in revenues. This represents a year-over-year change of 8.03% and 5%, respectively.
Valuation Metrics
Colgate-Palmolive may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Colgate-Palmolive has a Value Score of D. The stock's Growth and Momentum Scores are B and B, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 23.9X current fiscal year EPS estimates, which is not in-line with the peer industry average of 23.9X. On a trailing cash flow basis, the stock currently trades at 21X versus its peer group's average of 13.7X. Additionally, the stock has a PEG ratio of 3.2. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Colgate-Palmolive currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Colgate-Palmolive fits the bill. Thus, it seems as though Colgate-Palmolive shares could still be poised for more gains ahead.
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https://www.zacks.com/stock/news/2217083/colgate-palmolive-company-cl-hits-fresh-high-is-there-still-room-to-run?
| 2024-01-30T02:54:59Z
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Have you been paying attention to shares of Meta Platforms (META - Free Report) ? Shares have been on the move with the stock up 11.4% over the past month. The stock hit a new 52-week high of $396.79 in the previous session. Meta Platforms has gained 11.4% since the start of the year compared to the 63% move for the Zacks Computer and Technology sector and the 84.2% return for the Zacks Internet - Software industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 25, 2023, Meta Platforms reported EPS of $4.39 versus consensus estimate of $3.62.
For the current fiscal year, Meta Platforms is expected to post earnings of $17.66 per share on $133.71 billion in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $20.25 per share on $151.8 billion in revenues. This represents a year-over-year change of 22.97% and 13.53%, respectively.
Valuation Metrics
Meta Platforms may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Meta Platforms has a Value Score of C. The stock's Growth and Momentum Scores are A and A, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 22.3X current fiscal year EPS estimates, which is not in-line with the peer industry average of 35.2X. On a trailing cash flow basis, the stock currently trades at 29X versus its peer group's average of 18.4X. Additionally, the stock has a PEG ratio of 1.06. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Meta Platforms currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Meta Platforms passes the test. Thus, it seems as though Meta Platforms shares could have potential in the weeks and months to come.
How Does META Stack Up to the Competition?
Shares of META have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Palo Alto Networks, Inc. (PANW - Free Report) . PANW has a Zacks Rank of # 2 (Buy) and a Value Score of F, a Growth Score of A, and a Momentum Score of C.
Earnings were strong last quarter. Palo Alto Networks, Inc. beat our consensus estimate by 18.97%, and for the current fiscal year, PANW is expected to post earnings of $5.49 per share on revenue of $8.17 billion.
Shares of Palo Alto Networks, Inc. have gained 16.1% over the past month, and currently trade at a forward P/E of 62.4X and a P/CF of 85.54X.
The Internet - Software industry is in the top 24% of all the industries we have in our universe, so it looks like there are some nice tailwinds for META and PANW, even beyond their own solid fundamental situation.
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https://www.zacks.com/stock/news/2217084/meta-platforms-inc-meta-hits-fresh-high-is-there-still-room-to-run?
| 2024-01-30T02:55:05Z
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Have you been paying attention to shares of Encompass Health (EHC - Free Report) ? Shares have been on the move with the stock up 7.4% over the past month. The stock hit a new 52-week high of $72.09 in the previous session. Encompass Health has gained 7.4% since the start of the year compared to the -0.9% move for the Zacks Medical sector and the 8.6% return for the Zacks Medical - Outpatient and Home Healthcare industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 26, 2023, Encompass Health reported EPS of $0.86 versus consensus estimate of $0.77.
For the current fiscal year, Encompass Health is expected to post earnings of $3.83 per share on $4.79 billion in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $4.24 per share on $5.19 billion in revenues. This represents a year-over-year change of 9.01% and 8.35%, respectively.
Valuation Metrics
Encompass Health may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Encompass Health has a Value Score of A. The stock's Growth and Momentum Scores are C and C, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 18.7X current fiscal year EPS estimates, which is not in-line with the peer industry average of 18.8X. On a trailing cash flow basis, the stock currently trades at 13.3X versus its peer group's average of 10.5X. Additionally, the stock has a PEG ratio of 1.38. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Encompass Health currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Encompass Health fits the bill. Thus, it seems as though Encompass Health shares could still be poised for more gains ahead.
How Does EHC Stack Up to the Competition?
Shares of EHC have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is DaVita Inc. (DVA - Free Report) . DVA has a Zacks Rank of # 1 (Strong Buy) and a Value Score of A, a Growth Score of A, and a Momentum Score of D.
Earnings were strong last quarter. DaVita Inc. beat our consensus estimate by 48.44%, and for the current fiscal year, DVA is expected to post earnings of $8.46 per share on revenue of $12 billion.
Shares of DaVita Inc. have gained 2.3% over the past month, and currently trade at a forward P/E of 12.66X and a P/CF of 7.08X.
The Medical - Outpatient and Home Healthcare industry is in the top 26% of all the industries we have in our universe, so it looks like there are some nice tailwinds for EHC and DVA, even beyond their own solid fundamental situation.
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https://www.zacks.com/stock/news/2217085/encompass-health-corporation-ehc-soars-to-52-week-high-time-to-cash-out?
| 2024-01-30T02:55:11Z
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Deckers Outdoor Corporation (DECK - Free Report) is likely to register an increase in the top line when it reports third-quarter fiscal 2024 earnings results on Feb 1 after market close. The Zacks Consensus Estimate for revenues is pegged at $1,435 million, indicating an improvement of 6.6% from the prior-year reported figure.
The company, renowned for its design, marketing and distribution of footwear, apparel and accessories, is expected to observe a year-over-year increase in its bottom line. The Zacks Consensus Estimate for third-quarter earnings per share has climbed 2.8% to $11.36 in the past seven days, suggesting an improvement of 8.4% from the year-ago period.
Deckers has maintained a trailing four-quarter earnings surprise of 26.3%, on average. In the last reported quarter, this Goleta, CA-based company’s bottom line outperformed the Zacks Consensus Estimate by a margin of 54.7%.
Key Factors to Note
Deckers’ third-quarter performance is likely to have benefited from the acceleration of omnichannel capabilities, a customer-centric approach and marketing strategies. The company’s focus on expanding brand assortments, introducing an innovative line of products and enhancing the direct-to-consumer business may have acted as tailwinds. Additionally, the strategic price increases of products might have supported the top line in the quarter under review.
Keeping pace with changing trends, Deckers has constantly been developing its e-commerce portal to capture incremental sales. The company has been making substantial investments to strengthen its online presence and enhance the shopping experience.
We expect strength in the HOKA ONE ONE brand, with sales anticipated to increase 16.2%. However, the Teva brand is likely to face challenges, leading to an estimated 8.7% decline in sales. Additionally, the Sanuk brand is expected to experience a more significant decline of 16.1%. For the UGG brand, we expect a marginal decline of 0.8% in sales.
However, the company faces challenges in the SG&A domain. We anticipate SG&A expenses to increase 15.8% year over year in the quarter. As a percentage of net sales, we expect the metric to increase 310 basis points to 29.1%.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for Deckers this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here.
Deckers has an Earnings ESP of +1.39% and a Zacks Rank #2. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Other Stocks With the Favorable Combination
Here are three other companies you may want to consider as our model shows that these also have the right combination of elements to post an earnings beat this season:
Abercrombie & Fitch (ANF - Free Report) currently has an Earnings ESP of +3.14% and sports a Zacks Rank #1. The Zacks Consensus Estimate for fourth-quarter fiscal 2023 earnings per share is pegged at $2.71, sharply up from 81 cents registered in the year-ago period. You can see the complete list of today’s Zacks #1 Rank stocks here.
Abercrombie & Fitch’s top line is expected to ascend year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $1.43 billion, which indicates an increase of 18.9% from the figure reported in the prior-year quarter. ANF has a trailing four-quarter earnings surprise of 713%, on average.
Five Below (FIVE - Free Report) currently has an Earnings ESP of +0.41% and a Zacks Rank #3. The company is likely to register an increase in the bottom line when it reports fourth-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for quarterly earnings per share of $3.76 suggests a rise of 22.5% from the year-ago quarter.
Five Below’s top line is anticipated to advance year over year. The consensus mark for revenues is pegged at $1.35 billion, indicating an increase of 19.9% from the figure reported in the year-ago quarter. FIVE has a trailing four-quarter earnings surprise of 5.7%, on average.
Ulta Beauty (ULTA - Free Report) currently has an Earnings ESP of +0.97% and a Zacks Rank of 3. The company is likely to register an increase in the bottom line when it reports fourth-quarter fiscal 2023 numbers. The Zacks Consensus Estimate for quarterly earnings per share of $7.48 suggests an increase of 12% from the year-ago reported number.
Ulta Beauty’s top line is expected to ascend year over year. The Zacks Consensus Estimate for quarterly revenues is pegged at $3.51 billion, which suggests an increase of 8.9% from the prior-year quarter. ULTA has a trailing four-quarter earnings surprise of 5.8%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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https://www.zacks.com/stock/news/2217090/factors-likely-to-influence-deckers-deck-q3-earnings
| 2024-01-30T02:55:18Z
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Badger Meter, Inc (BMI - Free Report) reported earnings per share (EPS) of 84 cents for fourth-quarter 2023, which beat the Zacks Consensus Estimate by 5%. Also, the bottom line compared favorably with the year-ago quarter’s EPS of 60 cents.
Net earnings in the reported quarter were $24.7 million compared with $17.6 million in the year-ago period. The year-over-year improvement can be primarily attributed to higher revenues.
Quarterly net sales increased to $182.4 million from $147.3 million in the year-ago quarter. The 23.8% rise was primarily driven by robust demand for smart water solutions owing to secular growth drivers. Also, the top line beat the consensus mark by 1%.
Segmental Performance
In the quarter under review, utility water sales rose 28% due to strong demand momentum. Higher E-Series volume, cellular AMI solution, ORION Cellular endpoint sales and higher BEACON Software-as-a-Service revenues acted as major tailwinds. Also, rising water quality and pressure monitoring sales were tailwinds.
Flow instrumentation sales increased 7% year over year, driven by continued demand across most of the water-focused end market.
Other Details
In the fourth quarter, gross profit was $71.5 million, up 25.4% year over year. Structural positive sales mix and higher volumes resulted in this upside. The gross margin was 39.2%, up 50 basis points from the prior-year quarter. Operating earnings were $32.1 million or 17.6% of sales compared with $22.5 million or 15.3% of sales in the year-ago quarter.
Selling, engineering and administration expenses were $39.4 million or 21.6% of sales compared with $34.5 million or 23.4% of sales in the prior-year quarter. The increase in expenses was mainly due to higher personnel costs and the acquisition of Syrinix.
Cash Flow & Liquidity
In the fourth quarter of 2023, Badger Meter generated $37.9 million of net cash from operating activities compared with $29.7 million a year ago.
As of Dec 31, 2023, the company had $191.7 million of cash and cash equivalents and $131.9 million of total current liabilities compared with the respective figures of $162.9 million and $128.8 million as of Sep 30, 2023.
Zacks Rank
Badger Meter currently has a Zacks Rank #3 (Hold)
Stocks to Consider
Some better-ranked stocks worth considering in the broader technology space are Woodward (WWD - Free Report) , NETGEAR (NTGR - Free Report) and Watts Water Technologies (WTS - Free Report) . NETGEAR and Woodward sport a Zacks Rank #1 (Strong Buy), while Watts Water Technologies carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Woodward’s 2023 EPS has inched up 6% in the past 60 days to $4.94. WWD’s long-term earnings growth rate is 15.3%.
Woodward’s earnings beat the Zacks Consensus Estimate in three of the last four quarters, the average surprise being 14.7%. Shares of WWD have gained 31% in the past year.
The Zacks Consensus Estimate for 2023 is pegged at a loss of 9 cents per share for NETGEAR, which remained unchanged in the past 30 days.
NTGR’s earnings outpaced the Zacks Consensus Estimate in three of the last four quarters while missing once. The average surprise was 127.5%. Shares of NTGR have lost 29.5% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 3.9% in the past 60 days to $8.08.
WTS’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 11.8%. Shares of WTS have soared 23.2% in the past year.
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https://www.zacks.com/stock/news/2217091/badger-meter-bmi-q4-earnings-revenues-beat-estimates?-revenues-beat-estimates
| 2024-01-30T02:55:24Z
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Woodward (WWD - Free Report) declared a dividend of 25 cents per share, up by about 14% compared with the previous quarter's dividend of 22 cents per share. This dividend will be paid on Mar 5, 2024, to shareholders recorded as of Feb 20, 2024.
Additionally, the company’s board of directors approved a new three-year stock repurchase program, allowing the company to buy back up to $600 million worth of its stock through open market or private transactions. This program replaces the prior two-year $800 million repurchase program, initiated in January 2022, during which Woodward repurchased around $572 million in stock.
These moves highlight the company’s robust financial position, cash generation capabilities, and its strategy of balancing capital allocation by returning cash to shareholders through dividends and stock repurchases.
Other Key Drivers
The company’s performance is benefiting from strengthening momentum across both the business segments — Aerospace and Industrial. Revenues from Woodward’s Aerospace business are expected to improve in the upcoming quarters, driven by strength in commercial markets as well as higher defense activity.
The Industrial segment is benefiting from robust demand for power generation, especially in Asia, and increasing requirements for backup power for data centers. Increasing investment in LNG infrastructure development and higher demand for alternative fuels across the marine industry are positives.
The segment is also likely to be aided by momentum in the global marine market brought on by higher utilization and rising shipbuilding rates. For fiscal 2024, management expects the Industrial segment’s sales growth between 4% and 6%.
Revenues for fiscal 2024 and 2025 are forecasted to rise 14.9% and 5.7% to $3.19 billion and $3.37 billion, respectively.
Woodward’s earnings per share (EPS) are expected to climb 16.7% and 15.1% on a year-over-year basis to $4.92 and $5.66 in fiscal 2024 and 2025, respectively. The Zacks Consensus Estimate for fiscal 2024 and 2025 EPS has improved 7.2% and 15%, respectively, in the past 60 days.
Currently, Woodward sports a Zacks Rank #1 (Strong Buy). Woodward’s shares have rallied 27.5% in the past year compared with 13.1% growth of the sub-industry.
Image Source: Zacks Investment Research
Other Stocks to Consider
Some other top-ranked stocks worth considering in the broader technology space are Itron (ITRI - Free Report) , NETGEAR (NTGR - Free Report) and Watts Water Technologies (WTS - Free Report) . NETGEAR and Itron sport a Zacks Rank #1, while Watts Water Technologies carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Itron’s 2023 EPS has inched up 3.2% in the past 60 days to $2.88. ITRI’s long-term earnings growth rate is 23%.
Itron’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 289.3%. Shares of ITRI have gained 33.1% in the past year.
The Zacks Consensus Estimate for 2023 is pegged at a loss of 9 cents per share for NETGEAR, which remained unchanged in the past 30 days.
NTGR’s earnings outpaced the Zacks Consensus Estimate in three of the last four quarters while missing once. The average surprise was 127.5%. Shares of NTGR have lost 29.5% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 3.9% in the past 60 days to $8.08.
WTS’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 11.8%. Shares of WTS have soared 23.2% in the past year.
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https://www.zacks.com/stock/news/2217105/woodward-wwd-announces-600-million-share-repurchase-plan
| 2024-01-30T02:55:30Z
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- Shares of Colgate-Palmolive Company ((CL - Free Report) ) rose 2% after the company reported fourth-quarter 2023 earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.85 per share.
- Norfolk Southern Corporation’s ((NSC - Free Report) ) shares slid 1.5% after the company reported fourth-quarter 2023 earnings of $2.83 per share, missing the Zacks Consensus Estimate of $2.90 per share.
- Shares of Autoliv, Inc. ((ALV - Free Report) ) rose 2.9% after the company reported fourth-quarter 2023 earnings of $3.74 per share, surpassing the Zacks Consensus Estimate of $3.25 per share.
- Booz Allen Hamilton Holding Corporation’s ((BAH - Free Report) ) shares surged 13.6% after the company reported third-quarter fiscal 2024 earnings of $1.41 per share, outpacing the Zacks Consensus Estimate of $1.13 per share.
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Booz Allen Hamilton Holding Corporation (BAH) - free report >>
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https://www.zacks.com/stock/news/2217107/company-news-for-jan-29-2024
| 2024-01-30T02:55:36Z
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Jacobs Solutions Inc. (J - Free Report) clinched a significant $132 million (£108 million) contract to provide crucial research and technology services to the UK's naval nuclear propulsion program. The 14-year agreement, extending until 2032, focuses on delivering through-life technical support for the Rolls-Royce PWR2 reactors, vital for the Royal Navy's submarines.
The contract gains additional prominence as the UK progresses with the construction of four new Dreadnought Class ballistic missile submarines and develops a novel submarine variant under the AUKUS security alliance with the United States and Australia. Jacobs has been integral to the Royal Navy's nuclear submarines since their inception in 1958, showcasing the company's long-standing commitment to naval defense.
Underlining its diverse expertise, Jacobs offers comprehensive laboratory and analytical resources, excelling in materials science, high-integrity engineering, physics, and chemistry. This latest contract supplements Jacobs' existing role, where it is already responsible for delivering nuclear safety and technical advice to the Royal Navy's submarine service under a separate $230 million (£185 million), 10-year contract awarded last year.
Solid Project Execution: A Boon for Backlog
Jacob's ability to execute projects efficiently has played a pivotal role in driving the company's performance in recent quarters. The continuous success in securing new contracts stands as evidence of this proficiency. As of the end of fiscal 2023, the company disclosed a backlog of $29.1 billion, marking a 4.5% increase compared to the previous year. This growth underscores the sustained strong demand for Jacobs' consulting services.
J’s shares have gained 9.4% in the past six months compared with the Zacks Technology Services industry’s 8.9% growth.
Earnings estimates for fiscal 2024 remained stable at $8.05 per share in the past 30 days. This suggests 11.8% year-over-year growth on 4.8% higher revenues.
Zacks Rank & Stocks to Consider
Currently, Jacobs carries a Zacks Rank #4 (Sell).
Here are some better-ranked stocks from the Zacks Business Services sector.
DocuSign, Inc. (DOCU - Free Report) : The Zacks Consensus Estimate for DocuSign’s fiscal 2024 revenues indicates 9.2% growth from the year-ago figure, while earnings are expected to grow 41.4%. The company beat the consensus estimate in all the past four quarters, the average surprise being 24.7%.
DOCU currently sports a Zacks Rank of 1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Broadridge Financial Solutions (BR - Free Report) : The Zacks Consensus Estimate for Broadridge’s fiscal 2024 revenues indicates 7.7% growth from the year-ago figure, while earnings are expected to grow 10.1%. The company beat the consensus estimate in three of the past four quarters and matched on one instance, the average surprise being 5.4%.
BR carries a Zacks Rank of 2 (Buy) at present.
ABM Industries (ABM - Free Report) : The Zacks Consensus Estimate for ABM’s fiscal 2024 revenues indicates a slight increase from the year-ago figure, while earnings are expected to decline 5.1%. The company beat the consensus estimate in three of the past four quarters and missed on one occasion, the average surprise being 1.4%.
ABM currently carries a Zacks Rank of 2.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.
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https://www.zacks.com/stock/news/2217108/jacobs-j-wins-132m-uk-naval-contract-boosts-backlog
| 2024-01-30T02:55:43Z
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Spire (SR - Free Report) is scheduled to release first-quarter fiscal 2024 earnings on Feb 1 before market open. This gas distribution company delivered a negative earnings surprise of 18.18% in the last quarter.
Let’s discuss the factors that are likely to be reflected in the upcoming quarterly results.
Factors at Play
Spire’s first-quarter earnings are likely to have benefited from the implementation of new rates at its gas utilities, lower interest expenses and the implementation of cost management initiatives.
Spire’s earnings are also likely to have gained from the contribution of the acquired MoGas Pipeline, storage expansion in its Midstream segment and a reduction in corporate costs.
Expectation
The Zacks Consensus Estimate for Spire’s earnings is pegged at $1.37 per share, implying a year-over-year decline of 11.61%.
The Zacks Consensus Estimate for the company’s first-quarter sales stands at $728.65 million, suggesting a decrease of 10.49% from the year-ago reported number.
What Our Quantitative Model Predicts
Our proven model predicts an earnings beat for Spire this time. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is the case here, as you will see below.
Earnings ESP: Spire has an Earnings ESP of +0.80%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Spire carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks to Consider
Investors can also consider the following players from the same sector as these also have the right combination of elements to beat on earnings in the upcoming releases.
CMS Energy (CMS - Free Report) is likely to pull off an earnings beat when it reports fourth-quarter 2023 earnings on Feb 1 before market open. It has an Earnings ESP of +0.67% and a Zacks Rank of 3 at present.
The Southern Company (SO - Free Report) is likely to pull off an earnings beat when it reports fourth-quarter 2023 earnings on Feb 15 before market open. It has an Earnings ESP of +2.95% and a Zacks Rank of 3 at present.
Sempra Energy (SRE - Free Report) is likely to come up with an earnings beat when it reports fourth-quarter earnings soon. It has an Earnings ESP of +0.15% and a Zacks Rank of 2.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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https://www.zacks.com/stock/news/2217110/spire-sr-to-report-q1-earnings-whats-in-the-offing?
| 2024-01-30T02:55:46Z
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A downtrend has been apparent in Intellia Therapeutics, Inc. (NTLA - Free Report) lately with too much selling pressure. The stock has declined 19.1% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.
Guide to Identifying Oversold Stocks
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
Why NTLA Could Bounce Back Before Long
The RSI reading of 27.37 for NTLA is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.
This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering NTLA in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 2.9% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, NTLA currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217111/down--1906-in-4-weeks-heres-why-intellia-therapeutics-inc-ntla-looks-ripe-for-a-turnaround
| 2024-01-30T02:55:53Z
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A downtrend has been apparent in California Water Service Group (CWT - Free Report) lately with too much selling pressure. The stock has declined 12.5% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.
Guide to Identifying Oversold Stocks
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
Why CWT Could Bounce Back Before Long
The RSI reading of 22.9 for CWT is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.
This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering CWT in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 0.3% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, CWT currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2217112/down--1251-in-4-weeks-heres-why-you-should-you-buy-the-dip-in-california-water-service-group-cwt
| 2024-01-30T02:55:59Z
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Sierra Bancorp (BSRR - Free Report) came out with quarterly earnings of $0.43 per share, missing the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -38.57%. A quarter ago, it was expected that this parent company of Bank of the Sierra would post earnings of $0.69 per share when it actually produced earnings of $0.68, delivering a surprise of -1.45%.
Over the last four quarters, the company has surpassed consensus EPS estimates just once.
Sierra 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.
Sierra Bancorp shares have lost about 2.9% since the beginning of the year versus the S&P 500's gain of 2.5%.
What's Next for Sierra Bancorp?
While Sierra 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 Sierra Bancorp: 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 $0.67 on $34.65 million in revenues for the coming quarter and $2.40 on $141.5 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 - West is currently in the bottom 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, Central Pacific Financial (CPF - Free Report) , is yet to report results for the quarter ended December 2023. The results are expected to be released on January 31.
This operator of Central Pacific Bank is expected to post quarterly earnings of $0.48 per share in its upcoming report, which represents a year-over-year change of -35.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Central Pacific Financial's revenues are expected to be $61.18 million, down 9.9% from the year-ago quarter.
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https://www.zacks.com/stock/news/2217113/sierra-bancorp-bsrr-q4-earnings-miss-estimates
| 2024-01-30T02:56:05Z
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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Let's take a look at what these Wall Street heavyweights have to say about PepsiCo (PEP - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
PepsiCo currently has an average brokerage recommendation (ABR) of 2.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 18 brokerage firms. An ABR of 2.00 indicates Buy.
Of the 18 recommendations that derive the current ABR, nine are Strong Buy, representing 50% of all recommendations.
Brokerage Recommendation Trends for PEP
Check price target & stock forecast for PepsiCo here>>>
While the ABR calls for buying PepsiCo, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Should You Invest in PEP?
Looking at the earnings estimate revisions for PepsiCo, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $7.55.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for PepsiCo. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for PepsiCo.
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https://www.zacks.com/stock/news/2217114/is-it-worth-investing-in-pepsico-pep-based-on-wall-streets-bullish-views?
| 2024-01-30T02:56:11Z
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Let's take a look at what these Wall Street heavyweights have to say about MongoDB (MDB - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
MongoDB currently has an average brokerage recommendation (ABR) of 1.56, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 27 brokerage firms. An ABR of 1.56 approximates between Strong Buy and Buy.
Of the 27 recommendations that derive the current ABR, 19 are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 70.4% and 11.1% of all recommendations.
Brokerage Recommendation Trends for MDB
Check price target & stock forecast for MongoDB here>>>
While the ABR calls for buying MongoDB, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks Rank
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Should You Invest in MDB?
In terms of earnings estimate revisions for MongoDB, the Zacks Consensus Estimate for the current year has increased 0.5% over the past month to $2.90.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for MongoDB. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for MongoDB may serve as a useful guide for investors.
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https://www.zacks.com/stock/news/2217115/brokers-suggest-investing-in-mongodb-mdb-read-this-before-placing-a-bet
| 2024-01-30T02:56:18Z
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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Adobe Systems (ADBE - Free Report) .
Adobe currently has an average brokerage recommendation (ABR) of 1.63, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 27 brokerage firms. An ABR of 1.63 approximates between Strong Buy and Buy.
Of the 27 recommendations that derive the current ABR, 19 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 70.4% and 3.7% of all recommendations.
Brokerage Recommendation Trends for ADBE
Check price target & stock forecast for Adobe here>>>
The ABR suggests buying Adobe, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision.
ABR Should Not Be Confused With Zacks Rank
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is ADBE a Good Investment?
In terms of earnings estimate revisions for Adobe, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $18.03.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Adobe. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Adobe.
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https://www.zacks.com/stock/news/2217116/wall-street-bulls-look-optimistic-about-adobe-adbe-should-you-buy?
| 2024-01-30T02:56:24Z
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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about Arista Networks (ANET - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Arista Networks currently has an average brokerage recommendation (ABR) of 1.64, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 21 brokerage firms. An ABR of 1.64 approximates between Strong Buy and Buy.
Of the 21 recommendations that derive the current ABR, 13 are Strong Buy and two are Buy. Strong Buy and Buy respectively account for 61.9% and 9.5% of all recommendations.
Brokerage Recommendation Trends for ANET
Check price target & stock forecast for Arista Networks here>>>
While the ABR calls for buying Arista Networks, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks Rank
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is ANET a Good Investment?
In terms of earnings estimate revisions for Arista Networks, the Zacks Consensus Estimate for the current year has increased 0.3% over the past month to $6.55.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for Arista Networks. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Arista Networks may serve as a useful guide for investors.
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https://www.zacks.com/stock/news/2217117/wall-street-analysts-look-bullish-on-arista-networks-anet-should-you-buy?
| 2024-01-30T02:56:30Z
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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about Lululemon (LULU - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Lululemon currently has an average brokerage recommendation (ABR) of 1.62, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 26 brokerage firms. An ABR of 1.62 approximates between Strong Buy and Buy.
Of the 26 recommendations that derive the current ABR, 17 are Strong Buy and three are Buy. Strong Buy and Buy respectively account for 65.4% and 11.5% of all recommendations.
Brokerage Recommendation Trends for LULU
Check price target & stock forecast for Lululemon here>>>
While the ABR calls for buying Lululemon, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks Rank
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Is LULU a Good Investment?
In terms of earnings estimate revisions for Lululemon, the Zacks Consensus Estimate for the current year has increased 0.4% over the past month to $12.47.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Lululemon. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Lululemon may serve as a useful guide for investors.
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https://www.zacks.com/stock/news/2217118/brokers-suggest-investing-in-lululemon-lulu-read-this-before-placing-a-bet
| 2024-01-30T02:56:36Z
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries.
It also includes the Focus List, a long-term portfolio of top stocks that have all the elements to beat the market.
Breaking Down the Zacks Focus List
Building an investment portfolio from scratch can be difficult, so if you could, wouldn't you take a peek at a curated list of top stocks?
That's what the Zacks Focus List, a portfolio of 50 stocks, offers investors. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months.
What makes the Focus List even more helpful is that each selection is accompanied by a full Zacks Analyst Report, which explains the reasoning behind every stock's selection and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates, or expectations of growth and profitability, come from brokerage analysts who track publicly traded companies; these analysts work together with company management to analyze every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Investors also need to look at what a company will earn down the road. This is why earnings estimate revisions are so important.
The stocks that receive positive changes to earnings estimates are more likely to receive even more upward changes in the future. Take this example: if an analyst raised their estimates last month, they'll probably do so again this month, and other analysts will follow.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions to make it easier to build a winning portfolio.
The Zacks Rank consists of four main pillars: Agreement, Magnitude, Upside, and Surprise. Each one is given a raw score, which is recalculated every night and compiled into the Rank. Then, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell," using this data.
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: HCA Healthcare (HCA - Free Report)
Effective May 8, 2017, the company’s name was changed to HCA Healthcare, Inc. from HCA Holdings, Inc. It is the largest non-governmental operator of acute care hospitals in the US. Headquartered in Nashville, TN, it operates hospitals and related health care entities.
On January 7, 2019, HCA was added to the Focus List at $123.39 per share. Shares have increased 129.7% to $283.43 since then, and the company is a #2 (Buy) on the Zacks Rank.
One analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.03 to $18.20. HCA boasts an average earnings surprise of 4.8%.
Additionally, HCA's earnings are expected to grow 7.8% for the current fiscal year.
Reveal Winning Stocks
Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
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https://www.zacks.com/stock/news/2217119/earnings-growth-price-strength-make-hca-healthcare-hca-a-stock-to-watch?-price-strength-make-hca-healthcare-(hca)-a-stock-to-watch
| 2024-01-30T02:56:43Z
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries.
Also included in Zacks Premium is the Focus List. This is a long-term portfolio of top stocks that have all the traits to beat the market.
Breaking Down the Zacks Focus List
If you could, wouldn't you jump at the chance for access to a curated list of stocks to kickstart your investing journey?
Enter the Zacks Focus List. It's a portfolio made up of 50 stocks that are set to beat the market over the next 12 months; each company selected serves as a foundation for long-term investors looking to create an individual portfolio.
What makes the Focus List even more helpful is that each selection is accompanied by a full Zacks Analyst Report, which explains the reasoning behind every stock's selection and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates are expectations of growth and profitability, and are determined by brokerage analysts. Together with company management, these analysts examine every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
What a company will earn down the road also needs to be taken into consideration, and this is why earnings estimate revisions are so important.
The stocks that receive positive changes to earnings estimates are more likely to receive even more upward changes in the future. Take this example: if an analyst raised their estimates last month, they'll probably do so again this month, and other analysts will follow.
Utilizing the power of earnings estimate revisions is when the Zacks Rank joins the party. A unique, proprietary stock-rating model, the Zacks Rank uses changes to quarterly earnings expectations to help investors create a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each one of these features is then given a raw score that's recalculated every night and compiled into the Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Since stock prices respond to revisions, it can be very profitable to buy stocks with rising earnings estimates. By buying Focus List stocks, then, you're likely getting into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Uber Technologies (UBER - Free Report)
Uber Technologies, based in San Francisco, CA, was incorporated in Delaware in July 2010. The company went public in May 2019. Its IPO price was $45. Uber closed its IPO on May 14. During the process, the company issued and sold 180 million shares of its common stock.
On August 16, 2019, UBER was added to the Focus List at $33.22 per share. Shares have increased 97.23% to $65.52 since then, and the company is a #3 (Hold) on the Zacks Rank.
For fiscal 2023, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $0.37. UBER boasts an average earnings surprise of 533.8%.
Moreover, analysts are expecting UBER's earnings to grow 108% for the current fiscal year.
Reveal Winning Stocks
Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
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https://www.zacks.com/stock/news/2217120/earnings-growth-price-strength-make-uber-technologies-uber-a-stock-to-watch?-price-strength-make-uber-technologies-(uber)-a-stock-to-watch
| 2024-01-30T02:56:49Z
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries.
The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities.
Breaking Down the Zacks Focus List
Building an investment portfolio from scratch can be difficult, so if you could, wouldn't you take a peek at a curated list of top stocks?
That's what the Zacks Focus List, a portfolio of 50 stocks, offers investors. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months.
What makes the Focus List even more helpful is that each selection is accompanied by a full Zacks Analyst Report, which explains the reasoning behind every stock's selection and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Brokerage analysts are in charge of determining a company's growth and profitability expectations, or earnings estimates. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future.
When a stock receives upward earnings estimate revisions, it will likely get even more positive changes in the future. For instance, if an analyst raised their earnings outlook last month, they'll probably do so again this month, and other analysts will follow.
Utilizing the power of earnings estimate revisions is when the Zacks Rank joins the party. A unique, proprietary stock-rating model, the Zacks Rank uses changes to quarterly earnings expectations to help investors create a winning portfolio.
The Zacks Rank consists of four main pillars: Agreement, Magnitude, Upside, and Surprise. Each one is given a raw score, which is recalculated every night and compiled into the Rank. Then, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell," using this data.
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Walt Disney (DIS - Free Report)
Burbank, CA-based Walt Disney Company has assets that span movies, television shows and theme parks. Revenues were $88.89 billion in fiscal 2023.
On March 23, 2020, DIS was added to the Focus List at $85.98 per share. Shares have increased 10.91% to $95.36 since then, and the company is a #3 (Hold) on the Zacks Rank.
One analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.01 to $4.39. DIS boasts an average earnings surprise of 18.6%.
Earnings for DIS are forecasted to see growth of 16.8% for the current fiscal year as well.
Reveal Winning Stocks
Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
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https://www.zacks.com/stock/news/2217121/new-to-investing-this-1-consumer-discretionary-stock-could-be-the-perfect-starting-point?-this-1-consumer-discretionary-stock-could-be-the-perfect-starting-point
| 2024-01-30T02:56:55Z
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service, which provides daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter, makes these more manageable goals. All of the features can help you identify what stocks to buy, what to sell, and what are today's hottest industries.
The service also includes the Focus List, which is a long-term portfolio of top stocks that boast a winning, market-beating combination of growth and momentum qualities.
Breaking Down the Zacks Focus List
Building an investment portfolio from scratch can be difficult, so if you could, wouldn't you take a peek at a curated list of top stocks?
That's what the Zacks Focus List, a portfolio of 50 stocks, offers investors. Not only does it serve as a starting point for long-term investors, but all stocks included in the list are poised to outperform the market over the next 12 months.
What makes the Focus List even more helpful is that each selection is accompanied by a full Zacks Analyst Report, which explains the reasoning behind every stock's selection and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Brokerage analysts are in charge of determining a company's growth and profitability expectations, or earnings estimates. These analysts work together with company management to evaluate all factors that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
Earnings estimate revisions are very important, since investors also need to take into consideration what a company will earn in the future.
When a stock receives upward earnings estimate revisions, it will likely get even more positive changes in the future. For instance, if an analyst raised their earnings outlook last month, they'll probably do so again this month, and other analysts will follow.
Utilizing the power of earnings estimate revisions is when the Zacks Rank joins the party. A unique, proprietary stock-rating model, the Zacks Rank uses changes to quarterly earnings expectations to help investors create a winning portfolio.
The Zacks Rank consists of four main pillars: Agreement, Magnitude, Upside, and Surprise. Each one is given a raw score, which is recalculated every night and compiled into the Rank. Then, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell," using this data.
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
Because stock prices react to revisions, buying stocks with rising earnings estimates can be very profitable. Focus List stocks offer investors a great opportunity to get into companies whose future earnings estimates will be raised, potentially leading to price momentum.
Focus List Spotlight: Walmart (WMT - Free Report)
Walmart Inc. has evolved from just being a traditional brick-and-mortar retailer into an omnichannel player. In this regard, acquisitions of Bonobos, Moosejaw and Parcel; partnership with Shopify and Goldman Sachs; delivery programs like Walmart + and Express Delivery; and investment in online e-commerce platform Flipkart are noteworthy. These position the company to keep pace with the changing retail ecosystem and stay firm in the presence of rivals like Amazon and Target. Markedly, Walmart’s product offerings include almost everything from grocery to cosmetics, electronics to stationery, home furnishings to health and wellness products, and apparel to entertainment products, to name a few.
On May 30, 2017, WMT was added to the Focus List at $78.13 per share. Shares have increased 110.25% to $164.27 since then, and the company is a #3 (Hold) on the Zacks Rank.
One analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0 to $6.45. WMT boasts an average earnings surprise of 8.2%.
Earnings for WMT are forecasted to see growth of 2.5% for the current fiscal year as well.
Reveal Winning Stocks
Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
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https://www.zacks.com/stock/news/2217122/why-walmart-wmt-is-a-top-stock-for-the-long-term
| 2024-01-30T02:57:01Z
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Bank7 (BSVN - Free Report) came out with quarterly earnings of $0.12 per share, beating the Zacks Consensus Estimate of a loss of $0.08 per share. This compares to earnings of $0.91 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 250%. A quarter ago, it was expected that this company would post earnings of $1.03 per share when it actually produced earnings of $0.85, delivering a surprise of -17.48%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Bank7
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.
Bank7 shares have lost about 8.9% since the beginning of the year versus the S&P 500's gain of 2.5%.
What's Next for Bank7?
While Bank7 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 Bank7: 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 $0.94 on $20.4 million in revenues for the coming quarter and $3.78 on $82.5 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 - Southeast is currently in the top 27% 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 Guaranty Bancshares (FGBI - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023.
This bank holding company is expected to post quarterly earnings of $0.09 per share in its upcoming report, which represents a year-over-year change of -78.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
First Guaranty Bancshares' revenues are expected to be $23.02 million, down 11% from the year-ago quarter.
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https://www.zacks.com/stock/news/2217127/bank7-bsvn-beats-q4-earnings-and-revenue-estimates
| 2024-01-30T02:57:08Z
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For the quarter ended December 2023, Pacific Premier Bancorp (PPBI - Free Report) reported revenue of $-87.41 million, down 143.3% over the same period last year. EPS came in at $0.51, compared to $0.77 in the year-ago quarter.
The reported revenue represents a surprise of -151.57% over the Zacks Consensus Estimate of $169.5 million. With the consensus EPS estimate being $0.49, the EPS surprise was +4.08%.
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 Pacific Premier Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net interest margin: 3.3% versus 3.1% estimated by four analysts on average.
- Efficiency Ratio: 60.1% versus the four-analyst average estimate of 88.7%.
- Average Interest-Earning Assets: $17.74 billion versus the three-analyst average estimate of $18.44 billion.
- Net Charge-off (% of Average Loans): 0% versus 0.1% estimated by three analysts on average.
- Total NonPerforming Assets: $25.07 million versus the two-analyst average estimate of $31.13 million.
- Total NonPerforming Loan: $24.82 million versus $30.90 million estimated by two analysts on average.
- Net interest income before provision for loan losses: $146.79 million compared to the $146.39 million average estimate based on four analysts.
Shares of Pacific Premier Bancorp have returned -3.9% 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/2217128/pacific-premier-bancorp-ppbi-reports-q4-earnings-what-key-metrics-have-to-say
| 2024-01-30T02:57:14Z
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For the quarter ended December 2023, Provident Financial (PROV - Free Report) reported revenue of $9.65 million, down 6.7% over the same period last year. EPS came in at $0.31, compared to $0.33 in the year-ago quarter.
The reported revenue represents a surprise of -3.51% over the Zacks Consensus Estimate of $10 million. With the consensus EPS estimate being $0.26, the EPS surprise was +19.23%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Provident Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Interest Margin: 2.8% versus 2.9% estimated by two analysts on average.
- Efficiency ratio: 76.1% compared to the 71.8% average estimate based on two analysts.
- Total Non-Interest Income: $0.88 million versus the two-analyst average estimate of $0.95 million.
Shares of Provident Financial have returned +17.3% 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/2217129/compared-to-estimates-provident-financial-prov-q2-earnings-a-look-at-key-metrics
| 2024-01-30T02:57:20Z
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U.S. stocks ended mostly lower on Friday, with the S&P 500 and Nasdaq ending their six-day winning streak. However, stocks initially rallied as economic data showed core PCE inflation slowed to its lowest level in nearly three years. The Dow ended the day in positive territory.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) rose 0.2% or 60.30 points to end at 38,109.43 points.
The S&P 500 slid 0.1% or 3.19 points, to finish at 4,890.97 points. Tech stocks were the worst performers.
The Technology Select Sector SPDR (XLK) declined 1.2%. The Healthcare Select Sector SPDR (XLV) gained 0.6%, while the Energy Select Sector SPDR (XLE) jumped 0.7%.
The tech-heavy Nasdaq fell 0.4% or 55.13 points to close at 15,455.36 points.
The fear-gauge CBOE Volatility Index (VIX) was down 1.41% to 13.26. A total of 9.6 billion shares were traded on Friday, lower than the last 20-session average of 11.6 billion.
Economic Data Lift Investors’ Sentiment
The S&P 500 and Nasdaq ended their six-day winning streak on Friday. Till Thursday, the S&P closed at a record high for the fifth straight session. However, the rally lost steam on Friday despite economic data showing that inflation cooled as the year came to a close.
The Commerce Department said that personal consumption expenditure (PCE) rose a meager 0.2% in December on a month-over-month basis, while it held steady at 2.6% on a year-over-year basis.
Core PCE, which excludes the volatile energy and food prices, increased 0.2% in December after increasing 0.1% in November, However, year over year, core PCE rose 2.9%, the lowest rate since March 2021.
Inflation is still elevated but has been slowing substantially. The Federal Reserve has also hinted at cutting interest rates this year, which has been giving a boost to investors’ confidence.
Friday’s PCE inflation reading comes just a day after data showed that the U.S. economy grew at a faster pace than expected. The Commerce Department said that U.S. GDP grew a solid 3.3% at an annualized rate in the fourth quarter of 2023, surpassing the consensus estimate of a gain of 2% but lower than 4.9% increase in the third quarter.
Intel Weighs Heavy on Major Indexes
The S&P 500’s decline on Friday came after Intel Corporation ((INTC - Free Report) ) gave a weak fiscal first-quarter outlook despite the chipmaker reporting better-than-expected fourth-quarter 2023 results.
The company reported fourth-quarter 2023 earnings of $0.54 per share, beating the Zacks Consensus Estimate of $0.44 per share. Intel has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Chip manufacturing tools maker KLA Corporation ((KLAC - Free Report) ) also fell 6.6%. However, shares of American Express Company ((AXP - Free Report) ) jumped 7.1% after the company offered a better-than-expected earnings outlook for the full year.
The Earnings season is in full swing and investors are keeping a close watch on the quarterly results of American corporates, as a big batch of companies gear up to report their results in the coming weeks.
Economic Data
In other economic data released on Friday, personal spending rose 0.7% in December, surpassing estimates of a rise of 0.5%. Personal income rose to 0.3%, which came in line with expectations.
The personal savings rate fell to 3.7% in December, down from 4.1% in November.
Pending home sales increased 8.3% month over month in December.
Weekly Roundup
Although the S&P 500 and Nasdaq finished in the red on Friday, all three major indexes clinched weekly gains. The S&P 500 rose 1.1% for the week. The tech-heavy Nasdaq ended the week 0.9% higher, while the Dow climbed 0.7% for the week.
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https://www.zacks.com/stock/news/2217130/stock-market-news-for-jan-29-2024
| 2024-01-30T02:57:27Z
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Blackbaud (BLKB - Free Report)
Headquartered in Charleston, SC, Blackbaud Inc. is a leading cloud software company working for social causes. The company combines technology and expertise to help organizations achieve their missions.
BLKB is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. BLKB has a Growth Style Score of A, forecasting year-over-year earnings growth of 43.5% for the current fiscal year.
One analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.04 to $3.86 per share. BLKB also boasts an average earnings surprise of 10.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, BLKB should be on investors' short list.
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https://www.zacks.com/stock/news/2217134/are-you-a-growth-investor-this-1-stock-could-be-the-perfect-pick?-this-1-stock-could-be-the-perfect-pick
| 2024-01-30T02:57:33Z
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Palo Alto Networks (PANW - Free Report)
Santa Clara, CA-based Palo Alto Networks, Inc. offers network security solutions to enterprises, service providers and government entities worldwide.
PANW is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. PANW has a Growth Style Score of A, forecasting year-over-year earnings growth of 23.7% for the current fiscal year.
For fiscal 2024, one analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $5.49 per share. PANW boasts an average earnings surprise of 21.4%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, PANW should be on investors' short list.
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https://www.zacks.com/stock/news/2217135/heres-why-palo-alto-networks-panw-is-a-strong-growth-stock
| 2024-01-30T02:57:39Z
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: AutoZone (AZO - Free Report)
AutoZone, Inc. is one of the leading specialty retailers and distributors of automotive replacement parts and accessories in the United States. It operates in the Do-It-Yourself (DIY) retail, Do-It-for-Me (DIFM) auto parts and products markets. At the end of fiscal 2023, the company had 6,300 stores in the United States, 740 in Mexico and 100 in Brazil. The total store count was 7,140 as of Aug 26, 2023. Each store offers wide-ranging products for cars, sport utility vehicles, vans and light trucks, including new and remanufactured automotive hard parts, maintenance items, accessories and non-automotive products.
AZO is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. AZO has a Growth Style Score of A, forecasting year-over-year earnings growth of 13.7% for the current fiscal year.
For fiscal 2024, 10 analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $2.64 to $150.51 per share. AZO boasts an average earnings surprise of 8.9%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, AZO should be on investors' short list.
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https://www.zacks.com/stock/news/2217136/heres-why-autozone-azo-is-a-strong-growth-stock
| 2024-01-30T02:57:45Z
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: TopBuild (BLD - Free Report)
Headquartered in Daytona Beach, FL, TopBuild Corp. is an installer and distributor of insulation and other building products to the U.S. construction industry. TopBuild, which earlier operated as a subsidiary of Masco Corporation, provides insulation and building material services across the nation through TruTeam and Service Partners. The company started trading on the NYSE under the symbol “BLD" from Jul 1, 2015.
BLD is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
Additionally, the company could be a top pick for growth investors. BLD has a Growth Style Score of B, forecasting year-over-year earnings growth of 14.9% for the current fiscal year.
For fiscal 2023, one analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.15 to $19.66 per share. BLD boasts an average earnings surprise of 14.3%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, BLD should be on investors' short list.
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https://www.zacks.com/stock/news/2217140/are-you-a-growth-investor-this-1-stock-could-be-the-perfect-pick?-this-1-stock-could-be-the-perfect-pick
| 2024-01-30T02:57:52Z
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Cadence Design Systems (CDNS - Free Report)
Based in San Jose, CA, Cadence Design Systems Inc is a leader in electronic system design space. The company’s Intelligent System Design strategy aids users to transform design concepts into reality by offering computational software, hardware and IP.
CDNS is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. CDNS has a Growth Style Score of A, forecasting year-over-year earnings growth of 19.7% for the current fiscal year.
One analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.01 to $5.11 per share. CDNS boasts an average earnings surprise of 4.1%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, CDNS should be on investors' short list.
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https://www.zacks.com/stock/news/2217141/heres-why-cadence-design-systems-cdns-is-a-strong-growth-stock
| 2024-01-30T02:57:58Z
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Who says January’s a long month? This week starts slow, but we’ll end it with a full-fledged Jobs Week for February. Tuesday ushers in new JOLTS data for December, Wednesday brings us private-sector ADP (ADP - Free Report) payroll totals for this month (along with the latest Fed decision on interest rates), and Friday is the big non-farm payroll survey from the U.S. Bureau of Labor Statistics (BLS). All of the forecast numbers are expected to tick down in the labor market, aside from the Unemployment Rate, which is expected to lift back up slightly to 3.8%.
In addition, our new week also features several marquee names of the Tech industry reporting earnings: Microsoft (MSFT - Free Report) and Alphabet (GOOGL - Free Report) on Tuesday, Apple (AAPL - Free Report) and Amazon (AMZN - Free Report) on Thursday — all after the closing bell, as per normal. These major firms are all expecting growth on both top and bottom lines, year over year, led by anticipated earnings growth of +285% from Zacks Rank #2 (Buy)-rated Amazon, and +15% revenues growth year over year from Zacks Rank #2-rated Microsoft. (In other news, Amazon is no longer pursuing the acquisition for iRobot, citing antitrust issues, sending the smaller stock down -20% at this hour.)
Elsewhere, there will be a bevy of other reports hitting the tape this week, from Case-Shiller home prices to Consumer Confidence to Q4 Productivity to S&P and ISM Manufacturing. We also look for fresh Q4 earnings reports from across the spectrum of sectors, from AMD (AMD - Free Report) to General Motors (GM - Free Report) to Mondelez (MDLZ - Free Report) to Pfizer (PFE - Free Report) to Snapchat (SNAP - Free Report) and Starbucks (SBUX - Free Report) — and that’s just tomorrow!
Off near-term lows on January 18th, three of the four major stock market indices have rebounded into positive territory year-to-date. Only the Russell 2000 is still -3% from the start of this year’s trading, though that’s up from -6% on January 18th. The small-cap index, heavy in regional bank representation, needs three relatively strong trading days to finish the month in the green, along with the others which are already there.
We do not expect Wednesday’s Federal Open Market Committee (FOMC) decision to be any factor at all on trading behavior this week. Even among those analysts who still believe — or wish for — six interest rate cuts between now and the end of the year do not foresee one coming this early. Most of these folks look toward early March for the first cut, though this would likely take much weaker numbers in the economy before the Fed would risk loosening the monetary screws.
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https://www.zacks.com/stock/news/2217145/its-jobs-week-already-plus-q4-reports-from-msft-googl-aapl-amzn?-plus-q4-reports-from-msft,-googl,-aapl,-amzn
| 2024-01-30T02:58:04Z
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
OP Bancorp (OPBK - Free Report) is a stock many investors are watching right now. OPBK is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 7.39, while its industry has an average P/E of 13.04. Over the past 52 weeks, OPBK's Forward P/E has been as high as 7.55 and as low as 5.02, with a median of 6.28.
Another notable valuation metric for OPBK is its P/B ratio of 0.90. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 1.93. Over the past 12 months, OPBK's P/B has been as high as 1.01 and as low as 0.62, with a median of 0.77.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. OPBK has a P/S ratio of 1.25. This compares to its industry's average P/S of 1.79.
Finally, we should also recognize that OPBK has a P/CF ratio of 5.48. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This company's current P/CF looks solid when compared to its industry's average P/CF of 14.51. OPBK's P/CF has been as high as 5.49 and as low as 3.27, with a median of 4.23, all within the past year.
These are only a few of the key metrics included in OP Bancorp's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, OPBK looks like an impressive value stock at the moment.
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https://www.zacks.com/stock/news/2217147/is-op-bancorp-opbk-stock-undervalued-right-now?
| 2024-01-30T02:58:11Z
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
Grupo Supervielle (SUPV - Free Report) is a stock many investors are watching right now. SUPV is currently sporting a Zacks Rank of #1 (Strong Buy), as well as an A grade for Value.
Another valuation metric that we should highlight is SUPV's P/B ratio of 0.61. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.52. Within the past 52 weeks, SUPV's P/B has been as high as 0.61 and as low as 0.24, with a median of 0.37.
Finally, investors will want to recognize that SUPV has a P/CF ratio of 3.15. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. SUPV's current P/CF looks attractive when compared to its industry's average P/CF of 12.14. Over the past year, SUPV's P/CF has been as high as 6.82 and as low as 1.24, with a median of 3.
Value investors will likely look at more than just these metrics, but the above data helps show that Grupo Supervielle is likely undervalued currently. And when considering the strength of its earnings outlook, SUPV sticks out at as one of the market's strongest value stocks.
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https://www.zacks.com/stock/news/2217148/is-grupo-supervielle-supv-stock-undervalued-right-now?
| 2024-01-30T02:58:17Z
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While the proven Zacks Rank places an emphasis on earnings estimates and estimate revisions to find strong stocks, we also know that investors tend to develop their own individual strategies. With this in mind, we are always looking at value, growth, and momentum trends to discover great companies.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
Orange (ORAN - Free Report) is a stock many investors are watching right now. ORAN is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
ORAN is also sporting a PEG ratio of 0.52. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. ORAN's PEG compares to its industry's average PEG of 0.71. ORAN's PEG has been as high as 0.70 and as low as 0.49, with a median of 0.57, all within the past year.
Investors should also recognize that ORAN has a P/B ratio of 0.86. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. ORAN's current P/B looks attractive when compared to its industry's average P/B of 1.02. Over the past year, ORAN's P/B has been as high as 0.94 and as low as 0.74, with a median of 0.83.
TeliaSonera (TLSNY - Free Report) may be another strong Wireless Non-US stock to add to your shortlist. TLSNY is a # 2 (Buy) stock with a Value grade of A.
TeliaSonera is currently trading with a Forward P/E ratio of 15.55 while its PEG ratio sits at 0.30. Both of the company's metrics compare favorably to its industry's average P/E of 6.46 and average PEG ratio of 0.71.
TLSNY's Forward P/E has been as high as 24.60 and as low as 14.40, with a median of 16.01. During the same time period, its PEG ratio has been as high as 0.82, as low as 0.26, with a median of 0.32.
TeliaSonera sports a P/B ratio of 1.70 as well; this compares to its industry's price-to-book ratio of 1.02. In the past 52 weeks, TLSNY's P/B has been as high as 1.76, as low as 1.26, with a median of 1.52.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Orange and TeliaSonera are likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, ORAN and TLSNY feels like a great value stock at the moment.
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https://www.zacks.com/stock/news/2217149/are-investors-undervaluing-orange-oran-right-now?
| 2024-01-30T02:58:23Z
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
Fulton Financial (FULT - Free Report) is a stock many investors are watching right now. FULT is currently sporting a Zacks Rank of #2 (Buy) and an A for Value.
We should also highlight that FULT has a P/B ratio of 0.97. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.38. FULT's P/B has been as high as 1.23 and as low as 0.66, with a median of 0.92, over the past year.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. FULT has a P/S ratio of 1.79. This compares to its industry's average P/S of 1.84.
Finally, our model also underscores that FULT has a P/CF ratio of 8.23. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. FULT's P/CF compares to its industry's average P/CF of 11.91. Within the past 12 months, FULT's P/CF has been as high as 8.93 and as low as 4.86, with a median of 6.67.
If you're looking for another solid Banks - Northeast value stock, take a look at First United (FUNC - Free Report) . FUNC is a # 2 (Buy) stock with a Value score of A.
Additionally, First United has a P/B ratio of 0.99 while its industry's price-to-book ratio sits at 1.38. For FUNC, this valuation metric has been as high as 1.03, as low as 0.55, with a median of 0.72 over the past year.
These are only a few of the key metrics included in Fulton Financial and First United strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, FULT and FUNC look like an impressive value stock at the moment.
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https://www.zacks.com/stock/news/2217151/should-value-investors-buy-fulton-financial-fult-stock?
| 2024-01-30T02:58:28Z
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
Associated BancCorp (ASB - Free Report) is a stock many investors are watching right now. ASB is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 10.34 right now. For comparison, its industry sports an average P/E of 10.82. ASB's Forward P/E has been as high as 10.52 and as low as 6.16, with a median of 8.11, all within the past year.
We also note that ASB holds a PEG ratio of 1.29. 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. ASB's industry has an average PEG of 1.35 right now. ASB's PEG has been as high as 1.32 and as low as 0.77, with a median of 1.01, all within the past year.
Investors should also recognize that ASB has a P/B ratio of 0.84. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.94. ASB's P/B has been as high as 0.95 and as low as 0.56, with a median of 0.68, over the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. ASB has a P/S ratio of 1.47. This compares to its industry's average P/S of 1.88.
Finally, investors should note that ASB has a P/CF ratio of 6.59. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 10.69. Within the past 12 months, ASB's P/CF has been as high as 7.77 and as low as 4.43, with a median of 5.35.
Value investors will likely look at more than just these metrics, but the above data helps show that Associated BancCorp is likely undervalued currently. And when considering the strength of its earnings outlook, ASB sticks out at as one of the market's strongest value stocks.
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https://www.zacks.com/stock/news/2217152/should-value-investors-buy-associated-banccorp-asb-stock?
| 2024-01-30T02:58:34Z
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors rely on traditional forms of analysis on key valuation metrics to find stocks that they believe are undervalued, leaving room for profits.
In addition to the Zacks Rank, investors looking for stocks with specific traits can utilize our Style Scores system. Of course, value investors will be most interested in the system's "Value" category. Stocks with "A" grades for Value and high Zacks Ranks are among the best value stocks available at any given moment.
Marks and Spencer Group (MAKSY - Free Report) is a stock many investors are watching right now. MAKSY is currently sporting a Zacks Rank of #2 (Buy) and an A for Value. The stock is trading with P/E ratio of 11.91 right now. For comparison, its industry sports an average P/E of 21.43. MAKSY's Forward P/E has been as high as 15.50 and as low as 10.14, with a median of 12.23, all within the past year.
Another notable valuation metric for MAKSY is its P/B ratio of 1.80. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 4.22. Within the past 52 weeks, MAKSY's P/B has been as high as 2.03 and as low as 0.98, with a median of 1.48.
Investors could also keep in mind Tesco (TSCDY - Free Report) , an Retail - Supermarkets stock with a Zacks Rank of # 2 (Buy) and Value grade of A.
Shares of Tesco are currently trading at a forward earnings multiple of 13.27 and a PEG ratio of 0.52 compared to its industry's P/E and PEG ratios of 21.43 and 3.20, respectively.
Over the past year, TSCDY's P/E has been as high as 13.89, as low as 10.58, with a median of 12.20; its PEG ratio has been as high as 2.95, as low as 0.44, with a median of 1.01 during the same time period.
Additionally, Tesco has a P/B ratio of 1.75 while its industry's price-to-book ratio sits at 4.22. For TSCDY, this valuation metric has been as high as 1.78, as low as 1.30, with a median of 1.58 over the past year.
These are only a few of the key metrics included in Marks and Spencer Group and Tesco strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, MAKSY and TSCDY look like an impressive value stock at the moment.
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https://www.zacks.com/stock/news/2217153/should-value-investors-buy-marks-and-spencer-group-maksy-stock?
| 2024-01-30T02:58:41Z
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company to watch right now is Mercedes-Benz Group AG (MBGAF - Free Report) . MBGAF is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 5.14 right now. For comparison, its industry sports an average P/E of 8.74. Over the last 12 months, MBGAF's Forward P/E has been as high as 6.09 and as low as 4.29, with a median of 5.44.
We should also highlight that MBGAF has a P/B ratio of 0.69. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.38. Within the past 52 weeks, MBGAF's P/B has been as high as 0.95 and as low as 0.63, with a median of 0.82.
Finally, our model also underscores that MBGAF has a P/CF ratio of 2.93. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 6.91. Over the past year, MBGAF's P/CF has been as high as 3.96 and as low as 2.65, with a median of 3.55.
These are just a handful of the figures considered in Mercedes-Benz Group AG's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that MBGAF is an impressive value stock right now.
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https://www.zacks.com/stock/news/2217154/are-investors-undervaluing-mercedes-benz-group-ag-mbgaf-right-now?
| 2024-01-30T02:58:47Z
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company value investors might notice is Ahold (ADRNY - Free Report) . ADRNY is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock has a Forward P/E ratio of 10.04. This compares to its industry's average Forward P/E of 17.30. Over the past 52 weeks, ADRNY's Forward P/E has been as high as 12.91 and as low as 9.95, with a median of 11.38.
Investors should also recognize that ADRNY has a P/B ratio of 1.60. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. ADRNY's current P/B looks attractive when compared to its industry's average P/B of 3.96. Over the past year, ADRNY's P/B has been as high as 2.05 and as low as 1.59, with a median of 1.87.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a prefered metric because revenue can't really be manipulated, so sales are often a truer performance indicator. ADRNY has a P/S ratio of 0.28. This compares to its industry's average P/S of 0.79.
Another great Consumer Products - Staples stock you could consider is Newell Brands (NWL - Free Report) , which is a # 1 (Strong Buy) stock with a Value Score of A.
Newell Brands also has a P/B ratio of 1.13 compared to its industry's price-to-book ratio of 3.96. Over the past year, its P/B ratio has been as high as 1.94, as low as 0.88, with a median of 1.18.
These are only a few of the key metrics included in Ahold and Newell Brands strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, ADRNY and NWL look like an impressive value stock at the moment.
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https://www.zacks.com/stock/news/2217155/are-investors-undervaluing-ahold-adrny-right-now?
| 2024-01-30T02:58:53Z
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
American Airlines (AAL - Free Report) is a stock many investors are watching right now. AAL is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock holds a P/E ratio of 7.05, while its industry has an average P/E of 9.91. Over the past 52 weeks, AAL's Forward P/E has been as high as 8.60 and as low as 4.34, with a median of 5.61.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. AAL has a P/S ratio of 0.19. This compares to its industry's average P/S of 0.4.
Finally, we should also recognize that AAL has a P/CF ratio of 2.57. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. AAL's current P/CF looks attractive when compared to its industry's average P/CF of 5.64. Over the past 52 weeks, AAL's P/CF has been as high as 5.04 and as low as 1.83, with a median of 2.32.
Another great Transportation - Airline stock you could consider is Air Canada (ACDVF - Free Report) , which is a # 1 (Strong Buy) stock with a Value Score of A.
Air Canada is currently trading with a Forward P/E ratio of 4.16 while its PEG ratio sits at 0.20. Both of the company's metrics compare favorably to its industry's average P/E of 9.91 and average PEG ratio of 0.49.
ACDVF's Forward P/E has been as high as 19.41 and as low as 3.88, with a median of 11.03. During the same time period, its PEG ratio has been as high as 0.21, as low as 0.20, with a median of 0.20.
Air Canada sports a P/B ratio of 12.23 as well; this compares to its industry's price-to-book ratio of 3.45. In the past 52 weeks, ACDVF's P/B has been as high as 12.85, as low as -16.23, with a median of -4.53.
These are just a handful of the figures considered in American Airlines and Air Canada's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that AAL and ACDVF is an impressive value stock right now.
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https://www.zacks.com/stock/news/2217156/should-value-investors-buy-american-airlines-aal-stock?
| 2024-01-30T02:59:00Z
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is Aisin Seiki (ASEKY - Free Report) . ASEKY is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with P/E ratio of 9.11 right now. For comparison, its industry sports an average P/E of 19.07. Over the past 52 weeks, ASEKY's Forward P/E has been as high as 11.02 and as low as 6.43, with a median of 7.81.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. ASEKY has a P/S ratio of 0.29. This compares to its industry's average P/S of 0.84.
If you're looking for another solid Automotive - Original Equipment value stock, take a look at Oshkosh (OSK - Free Report) . OSK is a # 2 (Buy) stock with a Value score of A.
Shares of Oshkosh are currently trading at a forward earnings multiple of 10.78 and a PEG ratio of 0.22 compared to its industry's P/E and PEG ratios of 19.07 and 1.16, respectively.
Over the last 12 months, OSK's P/E has been as high as 18.27, as low as 9.52, with a median of 11.69, and its PEG ratio has been as high as 0.90, as low as 0.21, with a median of 0.33.
Additionally, Oshkosh has a P/B ratio of 2.04 while its industry's price-to-book ratio sits at 2.46. For OSK, this valuation metric has been as high as 2.18, as low as 1.47, with a median of 1.77 over the past year.
These are only a few of the key metrics included in Aisin Seiki and Oshkosh strong Value grade, but they help show that the stocks are likely undervalued right now. When factoring in the strength of its earnings outlook, ASEKY and OSK look like an impressive value stock at the moment.
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https://www.zacks.com/stock/news/2217157/are-investors-undervaluing-aisin-seiki-aseky-right-now?
| 2024-01-30T02:59:06Z
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Lear (LEA - Free Report)
Southfield, MI-based Lear Corporation is a Tier 1 supplier to the global automotive industry. The company supplies automotive seating and electrical systems (E-Systems). It caters to several major automakers in the world. The primary customers of the company are automotive original equipment manufacturers (OEMs). Lear’s products are designed, engineered and manufactured by a team of around 168,700 employees, located in 37 countries.
LEA is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 8.39; value investors should take notice.
For fiscal 2023, one analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.01 to $12.03 per share. LEA boasts an average earnings surprise of 9.1%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, LEA should be on investors' short list.
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https://www.zacks.com/stock/news/2217158/why-lear-lea-is-a-top-value-stock-for-the-long-term
| 2024-01-30T02:59:12Z
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Exelixis (EXEL - Free Report)
Alameda, CA-based Exelixis, Inc. is an oncology-focused biotechnology company that primarily focuses on the discovery, development and commercialization of new drugs for the treatment of difficult-to-treat cancers. The company is leveraging its investments, expertise and strategic partnerships to target an expanding range of tumor types and indications with its clinically differentiated pipeline of small molecules, antibody-drug conjugates (ADCs) and other biotherapeutics.
EXEL is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 15.24; value investors should take notice.
Seven analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.04 to $0.87 per share. EXEL boasts an average earnings surprise of 2.3%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, EXEL should be on investors' short list.
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https://www.zacks.com/stock/news/2217159/heres-why-exelixis-exel-is-a-strong-value-stock
| 2024-01-30T02:59:18Z
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: W.R. Berkley (WRB - Free Report)
Founded in 1967 and based in Greenwich, CT., W.R. Berkley Corp. is a Fortune 500 company. It is one of the nation’s largest commercial lines property casualty insurance providers. The company offers a variety of insurance services from reinsurance, to workers comp third party administrators (TPAs).
WRB is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 13.78; value investors should take notice.
Three analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.14 to $5.91 per share. WRB boasts an average earnings surprise of 4.1%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, WRB should be on investors' short list.
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https://www.zacks.com/stock/news/2217160/are-you-a-value-investor-this-1-stock-could-be-the-perfect-pick?-this-1-stock-could-be-the-perfect-pick
| 2024-01-30T02:59:25Z
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Beacon Roofing Supply (BECN - Free Report)
Incorporated on Aug 22, 1997, Beacon Roofing Supply is the largest publicly traded distributor of residential and non-residential roofing materials and complementary building products in the United States and Canada. The company is one of the industry's oldest and most recognized distributors. Beacon purchases products from a large number of manufacturers and then distributes these goods to customers, including contractors, home builders, retailers as well as building materials suppliers.
BECN is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 10.52; value investors should take notice.
Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.15 to $7.52 per share. BECN boasts an average earnings surprise of 11.1%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, BECN should be on investors' short list.
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https://www.zacks.com/stock/news/2217161/why-beacon-roofing-supply-becn-is-a-top-value-stock-for-the-long-term
| 2024-01-30T02:59:31Z
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Entergy (ETR - Free Report)
New Orleans, LA based Entergy Corporation, incorporated in 1913, is primarily engaged in electric power production and retail distribution of power. The company has 24,000 megawatt (MW) of generating capacity, including more than 5,000 MW of nuclear fuel capacity. Entergy's regulated generation fleet includes plants that are fully or partially owned by Entergy's utility companies: Entergy Arkansas, LLC; Entergy Louisiana, LLC; Entergy Mississippi, LLC; Entergy New Orleans, LLC; and Entergy Texas, Inc. It distributes electricity to more than 3 million customers in Arkansas, Louisiana, Mississippi and Texas. Entergy Corporation's generation mix consists of 66% gas/oil or hydro, 27% nuclear power and 5% coal.
ETR is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 13.76; value investors should take notice.
For fiscal 2023, four analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.03 to $6.77 per share. ETR boasts an average earnings surprise of 4.4%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, ETR should be on investors' short list.
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https://www.zacks.com/stock/news/2217162/are-you-a-value-investor-this-1-stock-could-be-the-perfect-pick?-this-1-stock-could-be-the-perfect-pick
| 2024-01-30T02:59:37Z
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