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Acadia Realty Trust (AKR - Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Acadia Realty Trust basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Acadia Realty Trust imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for Acadia Realty Trust
This real estate investment trust is expected to earn $1.31 per share for the fiscal year ending December 2023, which represents a year-over-year change of 10.1%.
Analysts have been steadily raising their estimates for Acadia Realty Trust. Over the past three months, the Zacks Consensus Estimate for the company has increased 2.6%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Acadia Realty Trust to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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https://www.zacks.com/stock/news/2217354/acadia-realty-trust-akr-upgraded-to-buy-heres-why
| 2024-01-30T03:10:04Z
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Fortis (FTS - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Fortis basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For Fortis, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for Fortis
This electric and gas utility is expected to earn $2.25 per share for the fiscal year ending December 2023, which represents a year-over-year change of 5.1%.
Analysts have been steadily raising their estimates for Fortis. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.4%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Fortis to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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https://www.zacks.com/stock/news/2217355/fortis-fts-upgraded-to-strong-buy-heres-what-you-should-know
| 2024-01-30T03:10:11Z
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Weave Communications, Inc. (WEAV - Free Report) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.
The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.
The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.
Therefore, the Zacks rating upgrade for Weave Communications, Inc. basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For Weave Communications, Inc. rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for Weave Communications, Inc.
This company is expected to earn -$0.15 per share for the fiscal year ending December 2023, which represents a year-over-year change of 68.8%.
Analysts have been steadily raising their estimates for Weave Communications, Inc. Over the past three months, the Zacks Consensus Estimate for the company has increased 16.4%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Weave Communications, Inc. to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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https://www.zacks.com/stock/news/2217356/weave-communications-inc-weav-upgraded-to-strong-buy-heres-what-you-should-know
| 2024-01-30T03:10:17Z
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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Pactiv Evergreen Inc. (PTVE - Free Report) , which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Pactiv Evergreen Inc. Currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
Let's discuss some of the components of the Momentum Style Score for PTVE that show why this company shows promise as a solid momentum pick.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For PTVE, shares are up 0.62% over the past week while the Zacks Consumer Services - Miscellaneous industry is up 0.93% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 7% compares favorably with the industry's 0.07% performance as well.
While any stock can see a spike in price, it takes a real winner to consistently outperform the market. Over the past quarter, shares of Pactiv Evergreen Inc. Have risen 37.75%, and are up 30.75% in the last year. On the other hand, the S&P 500 has only moved 18.65% and 22.15%, respectively.
Investors should also take note of PTVE's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, PTVE is averaging 599,162 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with PTVE.
Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost PTVE's consensus estimate, increasing from $0.71 to $0.80 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that PTVE is a #1 (Strong Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Pactiv Evergreen Inc. On your short list.
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https://www.zacks.com/stock/news/2217357/pactiv-evergreen-inc-ptve-is-a-great-momentum-stock-should-you-buy?
| 2024-01-30T03:10:23Z
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Investors might want to bet on Waste Connections (WCN - Free Report) , as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Waste Connections is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.
For Waste Connections, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.
Earnings Estimate Revisions for Waste Connections
For the fiscal year ending December 2023, this solid waste services provider is expected to earn $4.17 per share, which is a change of 9.2% from the year-ago reported number.
Analysts have been steadily raising their estimates for Waste Connections. Over the past three months, the Zacks Consensus Estimate for the company has increased 0.1%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
You can learn more about the Zacks Rank here >>>
The upgrade of Waste Connections to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
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https://www.zacks.com/stock/news/2217358/waste-connections-wcn-upgraded-to-buy-heres-what-you-should-know
| 2024-01-30T03:10:29Z
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Momentum investing is all about the idea of following a stock's recent trend, which can be in either direction. In the 'long' context, investors will essentially be "buying high, but hoping to sell even higher." And for investors following this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving in that direction. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Netflix (NFLX - Free Report) , a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Netflix currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
In order to see if NFLX is a promising momentum pick, let's examine some Momentum Style elements to see if this internet video service holds up.
A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area.
For NFLX, shares are up 18.11% over the past week while the Zacks Broadcast Radio and Television industry is up 4.1% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 17.16% compares favorably with the industry's 4.15% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Netflix have increased 31.93% over the past quarter, and have gained 58.11% in the last year. In comparison, the S&P 500 has only moved 18.65% and 22.15%, respectively.
Investors should also pay attention to NFLX's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. NFLX is currently averaging 6,398,839 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with NFLX.
Over the past two months, 12 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost NFLX's consensus estimate, increasing from $15.93 to $16.85 in the past 60 days. Looking at the next fiscal year, 10 estimates have moved upwards while there have been no downward revisions in the same time period.
Bottom Line
Taking into account all of these elements, it should come as no surprise that NFLX is a #1 (Strong Buy) stock with a Momentum Score of A. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Netflix on your short list.
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https://www.zacks.com/stock/news/2217359/are-you-looking-for-a-top-momentum-pick-why-netflix-nflx-is-a-great-choice?-why-netflix-(nflx)-is-a-great-choice
| 2024-01-30T03:10:36Z
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Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.
While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us.
Below, we take a look at Eagle Materials (EXP - Free Report) , which currently has a Momentum Style Score of A. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.
It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Eagle Materials currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.
You can see the current list of Zacks #1 Rank Stocks here >>>
Set to Beat the Market?
Let's discuss some of the components of the Momentum Style Score for EXP that show why this maker of gypsum wallboard and cement shows promise as a solid momentum pick.
Looking at a stock's short-term price activity is a great way to gauge if it has momentum, since this can reflect both the current interest in a stock and if buyers or sellers have the upper hand at the moment. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area.
For EXP, shares are up 5.61% over the past week while the Zacks Building Products - Concrete and Aggregates industry is up 0.24% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 6.44% compares favorably with the industry's 0.85% performance as well.
Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Over the past quarter, shares of Eagle Materials have risen 30.79%, and are up 53.01% in the last year. On the other hand, the S&P 500 has only moved 18.65% and 22.15%, respectively.
Investors should also take note of EXP's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, EXP is averaging 213,069 shares for the last 20 days.
Earnings Outlook
The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with EXP.
Over the past two months, 3 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost EXP's consensus estimate, increasing from $14.14 to $14.29 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been 1 downward revision in the same time period.
Bottom Line
Given these factors, it shouldn't be surprising that EXP is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep Eagle Materials on your short list.
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https://www.zacks.com/stock/news/2217360/eagle-materials-exp-is-up-561-in-one-week-what-you-should-know
| 2024-01-30T03:10:42Z
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Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Vertiv Holdings Co. (VRT - Free Report) , which belongs to the Zacks Computers - IT Services industry.
When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 38.40%, on average, in the last two quarters.
For the last reported quarter, Vertiv Holdings Co. Came out with earnings of $0.52 per share versus the Zacks Consensus Estimate of $0.44 per share, representing a surprise of 18.18%. For the previous quarter, the company was expected to post earnings of $0.29 per share and it actually produced earnings of $0.46 per share, delivering a surprise of 58.62%.
Thanks in part to this history, there has been a favorable change in earnings estimates for Vertiv Holdings Co. Lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Vertiv Holdings Co. Currently has an Earnings ESP of +2.44%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #2 (Buy) indicates that another beat is possibly around the corner.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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https://www.zacks.com/stock/news/2217362/why-vertiv-holdings-co-vrt-is-poised-to-beat-earnings-estimates-again
| 2024-01-30T03:10:48Z
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Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Etsy (ETSY - Free Report) , which belongs to the Zacks Internet - Services industry.
When looking at the last two reports, this online crafts marketplace has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 66.53%, on average, in the last two quarters.
For the last reported quarter, Etsy came out with earnings of $0.64 per share versus the Zacks Consensus Estimate of $0.49 per share, representing a surprise of 30.61%. For the previous quarter, the company was expected to post earnings of $0.41 per share and it actually produced earnings of $0.83 per share, delivering a surprise of 102.44%.
With this earnings history in mind, recent estimates have been moving higher for Etsy. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Etsy has an Earnings ESP of +3.17% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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https://www.zacks.com/stock/news/2217363/will-etsy-etsy-beat-estimates-again-in-its-next-earnings-report?
| 2024-01-30T03:10:54Z
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Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Amgen (AMGN - Free Report) , which belongs to the Zacks Medical - Biomedical and Genetics industry, could be a great candidate to consider.
This world's largest biotech drugmaker has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 9.64%.
For the last reported quarter, Amgen came out with earnings of $4.96 per share versus the Zacks Consensus Estimate of $4.65 per share, representing a surprise of 6.67%. For the previous quarter, the company was expected to post earnings of $4.44 per share and it actually produced earnings of $5 per share, delivering a surprise of 12.61%.
Thanks in part to this history, there has been a favorable change in earnings estimates for Amgen lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Amgen has an Earnings ESP of +1.01% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner. The company's next earnings report is expected to be released on February 6, 2024.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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https://www.zacks.com/stock/news/2217364/will-amgen-amgn-beat-estimates-again-in-its-next-earnings-report?
| 2024-01-30T03:11:01Z
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Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Dutch Bros (BROS - Free Report) , which belongs to the Zacks Beverages - Soft drinks industry, could be a great candidate to consider.
This drive-thru coffee chain operator and franchisor has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 92.86%.
For the last reported quarter, Dutch Bros came out with earnings of $0.14 per share versus the Zacks Consensus Estimate of $0.07 per share, representing a surprise of 100%. For the previous quarter, the company was expected to post earnings of $0.07 per share and it actually produced earnings of $0.13 per share, delivering a surprise of 85.71%.
Thanks in part to this history, there has been a favorable change in earnings estimates for Dutch Bros lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Dutch Bros has an Earnings ESP of +9.38% at the moment, suggesting that analysts have grown bullish on its near-term earnings potential. When you combine this positive Earnings ESP with the stock's Zacks Rank #3 (Hold), it shows that another beat is possibly around the corner.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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https://www.zacks.com/stock/news/2217365/why-dutch-bros-bros-could-beat-earnings-estimates-again
| 2024-01-30T03:11:07Z
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Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Domino's Pizza (DPZ - Free Report) , which belongs to the Zacks Retail - Restaurants industry.
When looking at the last two reports, this pizza chain has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 14.18%, on average, in the last two quarters.
For the last reported quarter, Domino's Pizza came out with earnings of $4.18 per share versus the Zacks Consensus Estimate of $3.29 per share, representing a surprise of 27.05%. For the previous quarter, the company was expected to post earnings of $3.04 per share and it actually produced earnings of $3.08 per share, delivering a surprise of 1.32%.
Thanks in part to this history, there has been a favorable change in earnings estimates for Domino's Pizza lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Domino's Pizza currently has an Earnings ESP of +0.81%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on February 26, 2024.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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https://www.zacks.com/stock/news/2217366/why-dominos-pizza-dpz-is-poised-to-beat-earnings-estimates-again
| 2024-01-30T03:11:13Z
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Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Shift4 Payments (FOUR - Free Report) , which belongs to the Zacks Financial Transaction Services industry.
This company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 34.08%.
For the most recent quarter, Shift4 Payments was expected to post earnings of $0.70 per share, but it reported $0.82 per share instead, representing a surprise of 17.14%. For the previous quarter, the consensus estimate was $0.49 per share, while it actually produced $0.74 per share, a surprise of 51.02%.
With this earnings history in mind, recent estimates have been moving higher for Shift4 Payments. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Shift4 Payments currently has an Earnings ESP of +4.67%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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https://www.zacks.com/stock/news/2217367/why-shift4-payments-four-is-poised-to-beat-earnings-estimates-again
| 2024-01-30T03:11:19Z
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Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Oneok Inc. (OKE - Free Report) , which belongs to the Zacks Oil and Gas - Production Pipeline - MLB industry.
This natural gas company has an established record of topping earnings estimates, especially when looking at the previous two reports. The company boasts an average surprise for the past two quarters of 2.51%.
For the most recent quarter, Oneok was expected to post earnings of $0.98 per share, but it reported $0.99 per share instead, representing a surprise of 1.02%. For the previous quarter, the consensus estimate was $1 per share, while it actually produced $1.04 per share, a surprise of 4%.
With this earnings history in mind, recent estimates have been moving higher for Oneok. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Oneok currently has an Earnings ESP of +12.04%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on February 26, 2024.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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https://www.zacks.com/stock/news/2217368/will-oneok-oke-beat-estimates-again-in-its-next-earnings-report?
| 2024-01-30T03:11:26Z
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If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Aptiv PLC (APTV - Free Report) . This company, which is in the Zacks Technology Services industry, shows potential for another earnings beat.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 14.85%.
For the most recent quarter, Aptiv PLC was expected to post earnings of $1.20 per share, but it reported $1.30 per share instead, representing a surprise of 8.33%. For the previous quarter, the consensus estimate was $1.03 per share, while it actually produced $1.25 per share, a surprise of 21.36%.
Thanks in part to this history, there has been a favorable change in earnings estimates for Aptiv PLC lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Aptiv PLC currently has an Earnings ESP of +5.32%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on January 31, 2024.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, but that may not be the sole basis for their stocks moving higher. On the other hand, some stocks may hold their ground even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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https://www.zacks.com/stock/news/2217369/why-aptiv-plc-aptv-is-poised-to-beat-earnings-estimates-again
| 2024-01-30T03:11:32Z
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Looking for a stock that has been consistently beating earnings estimates and might be well positioned to keep the streak alive in its next quarterly report? Biogen Inc. (BIIB - Free Report) , which belongs to the Zacks Medical - Biomedical and Genetics industry, could be a great candidate to consider.
This company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 7.95%.
For the most recent quarter, Biogen Inc. Was expected to post earnings of $3.99 per share, but it reported $4.36 per share instead, representing a surprise of 9.27%. For the previous quarter, the consensus estimate was $3.77 per share, while it actually produced $4.02 per share, a surprise of 6.63%.
For Biogen Inc.Estimates have been trending higher, thanks in part to this earnings surprise history. And when you look at the stock's positive Zacks Earnings ESP (Expected Surprise Prediction), it's a great indicator of a future earnings beat, especially when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Biogen Inc. Currently has an Earnings ESP of +2.67%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner. We expect the company's next earnings report to be released on February 13, 2024.
Investors should note, however, that a negative Earnings ESP reading is not indicative of an earnings miss, but a negative value does reduce the predictive power of this metric.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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https://www.zacks.com/stock/news/2217370/will-biogen-inc-biib-beat-estimates-again-in-its-next-earnings-report?
| 2024-01-30T03:11:38Z
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Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Corcept Therapeutics (CORT - Free Report) , which belongs to the Zacks Medical - Drugs industry.
When looking at the last two reports, this drug developer has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 46.97%, on average, in the last two quarters.
For the last reported quarter, Corcept came out with earnings of $0.28 per share versus the Zacks Consensus Estimate of $0.22 per share, representing a surprise of 27.27%. For the previous quarter, the company was expected to post earnings of $0.15 per share and it actually produced earnings of $0.25 per share, delivering a surprise of 66.67%.
Thanks in part to this history, there has been a favorable change in earnings estimates for Corcept lately. In fact, the Zacks Earnings ESP (Expected Surprise Prediction) for the stock is positive, which is a great indicator of an earnings beat, particularly when combined with its solid Zacks Rank.
Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.
The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.
Corcept currently has an Earnings ESP of +24.03%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #3 (Hold) indicates that another beat is possibly around the corner.
When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.
Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.
Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
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https://www.zacks.com/stock/news/2217371/will-corcept-cort-beat-estimates-again-in-its-next-earnings-report?
| 2024-01-30T03:11:44Z
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Cincinnati Financial Corporation’s (CINF - Free Report) board of directors approved an 8% increase in its regular quarterly cash dividend. The dividend, now at 81 cents per share, reflects the company's commitment to delivering value to its shareholders. The previous dividend of 75 cents per share was paid on Jan 16, 2024. Shareholders of record as of Mar 19 will receive the new dividend on Apr 15, 2024.
Steven J. Johnston, chairman and CEO, emphasizes the company's long-term approach to creating value for shareholders. Cincinnati Financial boasts an impressive record of 64 consecutive years of dividend increases, a feat matched by only a handful of U.S. publicly traded companies. This decision aligns with the company's agency-centered strategy and is indicative of management's optimism.
New businesses, strong rates, an agent-centric model and growing Commercial Lines Insurance should help CINF retain the momentum. Notably, its free cash flow conversion has been impressive over the last several quarters, reflecting its solid earnings.
Cincinnati Financial's capital management strategy includes returning capital to shareholders through share buybacks, regular cash dividends and special dividends. The company's commitment to consistently increasing its annual cash dividend rate underscores its strong operating performance. The 3% dividend yield surpasses the industry average of 0.3%, making Cincinnati Financial an appealing choice for investors seeking stable returns.
Shares of this Zacks Rank #2 (Buy) company have gained 7.8% year to date, outperforming the industry’s increase of 7.7%. A higher level of insured exposures, rate increase, agent-focused business model, consistent cash flow and a solid capital position should continue to drive shares.
Other Stocks to Consider
Some other top-ranked stocks from the same space are CNA Financial Corporation (CNA - Free Report) , The Progressive Corporation (PGR - Free Report) and The Travelers Companies (TRV - Free Report) .
CNA Financial delivered a trailing four-quarter average earnings surprise of 9.24%. The stock has gained 4.5% Year to date. It sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CNA’s 2024 earnings indicates an increase of 8.8% from the 2023 estimated figure. The expected long-term earnings growth rate is 5%. The consensus estimate for 2024 earnings has moved up 1.5% in the past 30 days.
Progressive’s earnings surpassed estimates in two of the last four quarters while missing in the other two. The stock has gained 13% Year to date. It sports a Zacks Rank #1.
The Zacks Consensus Estimate for PGR’s 2024 earnings implies a rise of 40.3% year over year. The expected long-term earnings growth rate is 20.9%. The consensus estimate for CB’s 2024 earnings has moved up 5.3% in the past seven days.
Travelers delivered a trailing four-quarter average earnings surprise of 0.20%. Year to date, the stock has gained 11.2%. It carries a Zacks Rank #2.
The Zacks Consensus Estimate for TRV’s 2024 earnings indicates an increase of 33.4% year over year. The expected long-term earnings growth rate is 11.5%. The consensus estimate for TRV’s 2024 earnings has moved up 1.2% in the past seven days.
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/2217374/cincinnati-financial-cinf-boosts-quarterly-dividend-by-8
| 2024-01-30T03:11:51Z
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Investors might want to bet on Netflix (NFLX - Free Report) , as earnings estimates for this company have been showing solid improvement lately. The stock has already gained solid short-term price momentum, and this trend might continue with its still improving earnings outlook.
The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this internet video service, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
Consensus earnings estimates for the next quarter and full year have moved considerably higher for Netflix, as there has been strong agreement among the covering analysts in raising estimates.
Current-Quarter Estimate Revisions
For the current quarter, the company is expected to earn $4.41 per share, which is a change of +53.13% from the year-ago reported number.
Over the last 30 days, the Zacks Consensus Estimate for Netflix has increased 12.66% because eight estimates have moved higher compared to no negative revisions.
Current-Year Estimate Revisions
For the full year, the company is expected to earn $16.85 per share, representing a year-over-year change of +40.07%.
The revisions trend for the current year also appears quite promising for Netflix, with 11 estimates moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 5.36%.
Favorable Zacks Rank
Thanks to promising estimate revisions, Netflix currently carries a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom Line
Netflix shares have added 17.2% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects.
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https://www.zacks.com/stock/news/2217375/earnings-estimates-moving-higher-for-netflix-nflx-time-to-buy?
| 2024-01-30T03:11:57Z
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Seagate (STX - Free Report) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.
Analysts' growing optimism on the earnings prospects of this electronic storage maker is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For Seagate, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.
Current-Quarter Estimate Revisions
For the current quarter, the company is expected to earn $0.19 per share, which is a change of +167.86% from the year-ago reported number.
Over the last 30 days, the Zacks Consensus Estimate for Seagate has increased 600% because three estimates have moved higher compared to no negative revisions.
Current-Year Estimate Revisions
For the full year, the earnings estimate of $0.39 per share represents a change of +105.26% from the year-ago number.
The revisions trend for the current year also appears quite promising for Seagate, with four estimates moving higher over the past month compared to no negative revisions. The consensus estimate has also received a boost over this time frame, increasing 26.63%.
Favorable Zacks Rank
The promising estimate revisions have helped Seagate earn a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bottom Line
Investors have been betting on Seagate because of its solid estimate revisions, as evident from the stock's 5.9% gain over the past four weeks. As its earnings growth prospects might push the stock higher, you may consider adding it to your portfolio right away.
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https://www.zacks.com/stock/news/2217376/will-seagate-stx-gain-on-rising-earnings-estimates?
| 2024-01-30T03:12:03Z
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Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.
Saia (SAIA - Free Report) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this trucking company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for Saia is 37.9%, investors should actually focus on the projected growth. The company's EPS is expected to grow 21.7% this year, crushing the industry average, which calls for EPS growth of 17.6%.
Cash Flow Growth
Cash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds.
Right now, year-over-year cash flow growth for Saia is 31.4%, which is higher than many of its peers. In fact, the rate compares to the industry average of 17.3%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 28.9% over the past 3-5 years versus the industry average of 14.9%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for Saia. The Zacks Consensus Estimate for the current year has surged 0.3% over the past month.
Bottom Line
While the overall earnings estimate revisions have made Saia a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions Saia well for outperformance, so growth investors may want to bet on it.
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https://www.zacks.com/stock/news/2217388/here-is-why-growth-investors-should-buy-saia-saia-now
| 2024-01-30T03:12:09Z
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Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
Our proprietary system currently recommends FirstCash Holdings (FCFS - Free Report) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.
While there are numerous reasons why the stock of this pawn store is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Earnings growth is arguably the most important factor, as stocks exhibiting exceptionally surging profit levels tend to attract the attention of most investors. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for FirstCash is 10.1%, investors should actually focus on the projected growth. The company's EPS is expected to grow 21.6% this year, crushing the industry average, which calls for EPS growth of 19.6%.
Cash Flow Growth
Cash is the lifeblood of any business, but higher-than-average cash flow growth is more beneficial and important for growth-oriented companies than for mature companies. That's because, high cash accumulation enables these companies to undertake new projects without raising expensive outside funds.
Right now, year-over-year cash flow growth for FirstCash is 236.5%, which is higher than many of its peers. In fact, the rate compares to the industry average of 13%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 32% over the past 3-5 years versus the industry average of 14.7%.
Promising Earnings Estimate Revisions
Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for FirstCash. The Zacks Consensus Estimate for the current year has surged 0.1% over the past month.
Bottom Line
While the overall earnings estimate revisions have made FirstCash a Zacks Rank #2 stock, it has earned itself a Growth Score of B based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination positions FirstCash well for outperformance, so growth investors may want to bet on it.
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https://www.zacks.com/stock/news/2217389/3-reasons-growth-investors-will-love-firstcash-fcfs
| 2024-01-30T03:12:16Z
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Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. But finding a growth stock that can live up to its true potential can be a tough task.
That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.
However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
WisdomTree, Inc. (WT - Free Report) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
While there are numerous reasons why the stock of this company is a great growth pick right now, we have highlighted three of the most important factors below:
Earnings Growth
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for WisdomTree, Inc. is 3.9%, investors should actually focus on the projected growth. The company's EPS is expected to grow 22.5% this year, crushing the industry average, which calls for EPS growth of 12.4%.
Impressive Asset Utilization Ratio
Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric shows how efficiently a firm is utilizing its assets to generate sales.
Right now, WisdomTree, Inc. has an S/TA ratio of 0.34, which means that the company gets $0.34 in sales for each dollar in assets. Comparing this to the industry average of 0.2, it can be said that the company is more efficient.
While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And WisdomTree, Inc. looks attractive from a sales growth perspective as well. The company's sales are expected to grow 11.4% this year versus the industry average of 7.8%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
The current-year earnings estimates for WisdomTree, Inc. have been revising upward. The Zacks Consensus Estimate for the current year has surged 7.1% over the past month.
Bottom Line
While the overall earnings estimate revisions have made WisdomTree, Inc. a Zacks Rank #2 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that WisdomTree, Inc. is a potential outperformer and a solid choice for growth investors.
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https://www.zacks.com/stock/news/2217390/wisdomtree-inc-wt-is-an-incredible-growth-stock-3-reasons-why
| 2024-01-30T03:12:22Z
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Growth investors focus on stocks that are seeing above-average financial growth, as this feature helps these securities garner the market's attention and deliver solid returns. However, it isn't easy to find a great growth stock.
In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.
However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.
ICICI Bank Limited (IBN - Free Report) is on the list of such stocks currently recommended by our proprietary system. In addition to a favorable Growth Score, it carries a top Zacks Rank.
Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).
Here are three of the most important factors that make the stock of this company a great growth pick right now.
Earnings Growth
Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration.
While the historical EPS growth rate for ICICI Bank Limited is 53.8%, investors should actually focus on the projected growth. The company's EPS is expected to grow 22.9% this year, crushing the industry average, which calls for EPS growth of 0%.
Cash Flow Growth
While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.
Right now, year-over-year cash flow growth for ICICI Bank Limited is 26.3%, which is higher than many of its peers. In fact, the rate compares to the industry average of 2.2%.
While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 38.6% over the past 3-5 years versus the industry average of 3.8%.
Promising Earnings Estimate Revisions
Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
There have been upward revisions in current-year earnings estimates for ICICI Bank Limited. The Zacks Consensus Estimate for the current year has surged 3.8% over the past month.
Bottom Line
ICICI Bank Limited has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
This combination indicates that ICICI Bank Limited is a potential outperformer and a solid choice for growth investors.
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https://www.zacks.com/stock/news/2217392/here-is-why-growth-investors-should-buy-icici-bank-limited-ibn-now
| 2024-01-30T03:12:28Z
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Juniper Networks, Inc. (JNPR - Free Report) installed an AI-driven wireless network, driven by Mist AI to deliver premium wireless access capabilities in James Cook University Singapore (JCU Singapore), the first international campus of James Cook University Australia (JCU Australia). Juniper Access Points, which is a part of Juniper’s broader portfolio of networking products and solutions, is built to deliver a seamless learning experience, powered by technology-enhanced education programs for its students.
Juniper's Mist Access Points are designed to work with a cloud-driven architecture, allowing for centralized management, monitoring and control of the wireless network. This platform leverages AI to analyse data from the wireless network and provide insights, including proactive troubleshooting, performance optimization and predictive analysis to enhance the overall user experience. Used for asset tracking, wayfinding and other location-aware applications, Mist Access Points are equipped with features that enable location-based services.
Juniper Access Points provide high-performance and reliable wireless connectivity by supporting the latest Wi-Fi standards, including Wi-Fi 6 (802.11ax). Security plays a key role in wireless connectivity and Juniper Access Points ensure a slew of safety features such as WPA3 encryption, secure authentication methods and threat detection capabilities.
Ranked in the top 2% of universities in the world, JCU Singapore offers a wide range of university-level programs like business, education, counselling, psychology, environmental science, aquaculture, information technology, tourism & hospitality and urban planning. The pandemic period allowed for a flexible learning environment through virtual teaching sessions and learnings that gained popularity among the students.
Considering the overgrowing population of students (surpassing the 2022 target of 60,000 by 6%) and the equivalent demand for online education, JCU Singapore has teamed up with Juniper for a strong and robust network across its campus. The collaboration strengthens Juniper’s market position as one of the leading communications equipment providers across the globe.
The company is witnessing encouraging trends across various areas of its business, including solid momentum in Mist Systems and strength in the services organization. It believes that the 400-gig upgrade cycle, 5G deployment and enterprise multi-cloud initiatives hold huge opportunities where it is well-positioned to benefit over the next several years.
Juniper has inked a merger agreement with HP Enterprise. The combined entity is likely to fend off the growing competition from other industry leaders such as Cisco Systems for a healthy growth momentum.
The stock has risen 15.8% over the past year compared with the industry's growth of 6.1%.
Image Source: Zacks Investment Research
Zacks Rank & Other Stocks to Consider
Juniper currently carries a Zacks Rank #2 (Buy).
Here are some other top-ranked stocks from the industry that you may want to consider.
NVIDIA Corporation (NVDA - Free Report) , currently carrying a Zacks Rank #2, delivered a trailing four-quarter average earnings surprise of 18.99%. In the last reported quarter, it delivered an earnings surprise of 19.64%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
Workday Inc. (WDAY - Free Report) , carrying a Zacks Rank #2 at present, delivered a trailing four-quarter average earnings surprise of 13.24%. In the last reported quarter, it delivered an earnings surprise of 9.29%.
Workday is a provider of enterprise-level software solutions for financial management and human resource domains. The company’s cloud-based platform combines finance and HR in a single system that makes it easier for organizations to provide analytical insights and decision support.
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank #1 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance cloud experience. Arista delivered an average earnings surprise of 12% in the trailing four quarters.
The company holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data centre segment. It is increasingly gaining market traction in 200 and 400-gig high-performance switching products and remains well-positioned for healthy growth in the data-driven cloud networking business with proactive platforms and predictive operations.
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https://www.zacks.com/stock/news/2217393/juniper-jnpr-enhances-learning-experience-in-jcu-singapore
| 2024-01-30T03:12:34Z
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MetLife, Inc. (MET - Free Report) is poised to surpass fourth-quarter 2023 earnings expectations. The results, to be announced on Jan 31, after the closing bell, are anticipated to reflect sustained growth in net investment income and profits from most of the international operations.
What Do the Estimates Say?
The Zacks Consensus Estimate for fourth-quarter earnings per share of $1.95 suggests a 25.8% increase from the prior-year figure of $1.55. The consensus mark has remained stable over the past week. The consensus estimate for fourth-quarter revenues of $18.1 billion indicates a 14.1% increase from the year-ago reported figure.
MetLife beat the consensus estimate for earnings in one of the trailing four quarters and missed on the other three occasions, with the average surprise being negative 6.2%. This is depicted in the graph below:
What the Quantitative Model Suggests
Nevertheless, our proven model predicts a likely earnings beat for MetLife this time around. 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 precisely the case here.
Earnings ESP: MetLife has an Earnings ESP of +1.54%. This is because the Most Accurate Estimate is currently pegged at $1.98 per share, higher than the Zacks Consensus Estimate of $1.95. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: MetLife currently has a Zacks Rank #3.
Before we get into what to expect for the to-be-reported quarter in detail, it’s worth taking a look at MET’s previous-quarter performance first.
Q3 Earnings Rewind
In the last reported quarter, the leading insurance-based global financial services company reported adjusted operating earnings per share of $1.97, missing the Zacks Consensus Estimate by 1% due to higher net derivative losses. The negatives were partially offset by lower expenses, higher investment returns, volume growth across some segments and improved contributions from the U.S., Latin America and EMEA businesses.
Now, let’s see how things have shaped up prior to the fourth-quarter earnings announcement.
Factors Driving Q4 Performance
Rising premiums from most of the businesses and investment income are expected to have buoyed MetLife’s fourth-quarter results. Improving operations in the domestic, as well as the international markets, especially in Asia and Latin America, are major positives.
The Zacks Consensus Estimate for total premiums for the quarter under review suggests a jump of 20% from the prior-year quarter. Also, the consensus mark for net investment income indicates a more than 9% year-over-year increase from the year-ago period on the back of the high interest rate environment and rising private equity returns.
Improving profits from the U.S., Asia and Latin American operations are expected to have positioned the company for significant growth from the year-ago period and a potential earnings beat. Growing variable investment income is likely to have aided the Asia segment, while the Latin America business is expected to have gained from higher volumes and favorable underwriting.
The Zacks Consensus Estimates for adjusted earnings from U.S., Asia and Latin America operations indicate almost 8%, 105% and 18% year-over-year growth, respectively. Moreover, the consensus estimate for Group Benefits’ adjusted earnings suggests a 4.2% increase from the prior-year quarter’s reading. The company is expected to have witnessed 11.6% higher profits from Retirement & Income Solutions.
However, rising costs and expenses are likely to have partially offset the profit growth levels in the to-be-reported quarter. Also, the consensus estimate indicates that Universal Life and Investment-Type Product Policy Fees for the fourth quarter will see a 1% year-over-year decrease.
The Zacks Consensus Estimate for adjusted earnings from the EMEA operations suggests a nearly 5% decline from the year-ago period. Moreover, the consensus mark for MetLife Holdings’ adjusted earnings indicates a nearly 10% year-over-year decline in the fourth quarter.
Other Stocks That Warrant a Look
Here are some other companies worth considering from the broader Finance space, as our model shows that these, too, have the right combination of elements to beat on earnings this time around:
CNO Financial Group, Inc. (CNO - Free Report) has an Earnings ESP of +8.24% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for CNO Financial’s bottom line for the to-be-reported quarter suggests a 51.8% year-over-year jump to 85 cents per share. The estimate remained stable over the past week. The consensus mark for CNO’s revenues is pegged at $934.1 million.
Everest Group, Ltd. (EG - Free Report) has an Earnings ESP of +1.18% and is a Zacks #3 Ranked player.
The Zacks Consensus Estimate for Everest’s bottom line for the to-be-reported quarter indicates a 19.8% year-over-year increase. The estimate remained stable over the past week. Furthermore, EG beat earnings estimates in three of the past four quarters and missed once, with the average surprise being 24.5%.
Arch Capital Group Ltd. (ACGL - Free Report) has an Earnings ESP of +1.24% and a Zacks Rank of 3.
The Zacks Consensus Estimate for Arch Capital’s bottom line for the to-be-reported quarter is pegged at $1.94 per share, which increased by 4 cents in the past month. ACGL beat earnings estimates in all the past four quarters, with an average surprise of 35.2%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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https://www.zacks.com/stock/news/2217394/will-rising-premiums-drive-metlifes-met-q4-earnings?
| 2024-01-30T03:12:40Z
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Synchronoss (SNCR - Free Report) shares ended the last trading session 25.1% higher at $7.22. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 8.3% loss over the past four weeks.
SNCR is benefiting from the completion of its cloud-only transformation. It expects 2023 adjusted EBITDA to range between $27 million and $30 million.
This mobile services company is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of +84.7%. Revenues are expected to be $43.76 million, down 29% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Synchronoss, the consensus EPS estimate for the quarter has been revised 4.2% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on SNCR going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Synchronoss belongs to the Zacks Internet - Software industry. Another stock from the same industry, Pinterest (PINS - Free Report) , closed the last trading session 1.9% higher at $37.70. Over the past month, PINS has returned -0.8%.
For Pinterest
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https://www.zacks.com/stock/news/2217396/synchronoss-sncr-stock-jumps-251-will-it-continue-to-soar?
| 2024-01-30T03:12:47Z
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Want to start the week ahead of the pack? Check out Momentum Mondays, where I cover the leading breakout stocks in the market, summarize the major events of the week ahead, and prepare investors for profitable trading.
Today, we will be taking a look at the broad stock market indexes to summarize the action of the last few weeks, then we will look at the economic calendar and earnings releases to address any market moving data coming our way. And finally, I will share four compelling technical trade setups in stocks with top Zacks Ranks.
Busy Week Ahead
There is a lot of important data coming out this week, from Federal Reserve and Treasury policy to the majority of the ‘Magnificent Seven’ reporting earnings.
On Tuesday morning, we get economic data in the form of Job Openings and Consumer Confidence. Then after the market close earnings reports from Microsoft, Alphabet, and AMD.
Wednesday, in the morning ADP employment will give us another view of the labor market, and then in the afternoon the FOMC interest rate policy meeting. Although there is almost no chance of a change in policy, investors will be listening closely to the comments from members of the Fed and Jerome Powell for insight into future rate cuts.
Also on Wednesday, the Treasury Department will be releasing its Quarterly Funding Announcement. This report tells us what mix of Treasury bond/note durations will be issued to fund government spending. This has become a much more followed topic in the last few months.
Then on Thursday morning, more employment data in the form of Initial Jobless claims, followed by earnings calls from Apple, Amazon, and Meta Platforms.
Market Action
After three very strong weeks of action in the market, with indexes pushing to new all-time highs, there are signs that the market is overbought. In the chart below I note that the Nasdaq 100 (QQQ - Free Report) is bumping against its upper Bollinger Band, potentially limiting near-term upside.
Image Source: TradingView
Technical Setups
Because I have a more cautious outlook on the market this week, with some overbought readings and a litany of important data to be released, I am sharing two growth-oriented stocks and two more defensive ones. All these stocks have Zacks Rank #1 (Strong Buy) ratings.
First, we have Duolingo (DUOL - Free Report) , which has formed a descending wedge.
Image Source: TradingView
The next technical setup is looking at Arista Networks (ANET - Free Report) . These first two are the more aggressive longs, which should benefit if the broader market continues to rally.
Image Source: TradingView
Next, we have Honda Motor Co. (HMC - Free Report) , which is breaking out from a clear bull flag.
Image Source: TradingView
And finally, Davita (DVA - Free Report) , a healthcare company which leads the industry in dialysis treatment has been forming a two-month consolidation. The second two stocks should outperform in the case of a sell-off.
Image Source: TradingView
Bottom Line
Even the best trading setups fail, so it is always important for traders to prioritize making a trading plan, following the plan, and utilizing strict risk management protocols.
Good luck this week traders!
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https://www.zacks.com/stock/news/2217413/momentum-monday-fomc-big-tech-earnings-and-qra
| 2024-01-30T03:12:53Z
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Autoliv Inc. (ALV - Free Report) reported fourth-quarter 2023 adjusted earnings of $3.74 per share, surpassing the Zacks Consensus Estimate of $3.25 and rising 105% year over year. The company reported net sales of $2,751 million in the quarter, which topped the Zacks Consensus Estimate of $2,746 million and soared 18% year over year.
Organic sales rose 16% year over year and breezed past our estimate of 10.6% due to product launches and higher prices. Autoliv reported an adjusted operating income of $334 million, increasing 43% year over year. Adjusted operating margin was 12.1%, higher than 10% in the year-ago period due to higher gross profit.
Segmental Performance
Sales in the Airbags and Associated Products segment totaled $1,864 million, beating our projection of $1,789.7 million. Revenues rose 18% on a year-over-year basis. All major categories within the segment witnessed organic sales growth, the primary reason being a rise in sales of steering wheels, followed by inflatable curtains, side airbags and passenger airbags.
Sales in the Seatbelts and Associated Products segment totaled $887 million, up 18% from the prior-year quarter but missing our projection of $905.8 million. Organic growth in the Americas, followed by Asia excluding China, China and Europe, contributed to the year-over-year increase.
Region-wise, overall sales in the Americas during the quarter under review totaled $861 million, which surpassed our estimate of $828.6 million and increased 16% year over year.
Sales in Europe totaled $755 million, topping our forecast of $715 million and increasing 23% year over year.
Sales in China came in at $617 million, missing our projection of $650.7 million but rising 15% year over year.
Sales in the Rest of Asia totaled $519 million, up 18% year over year and above our projection of $500.4 million.
Financial Position
Autoliv had cash and cash equivalents of $498 million as of Dec 31, 2023. Long-term debt totaled $1.32 billion. Net capital expenditure fell to $150 million compared with $165 million during the corresponding period of 2022. At quarter-end, free cash flow was $297 million, flat compared to the year-ago period. During the quarter under review, Autoliv increased its dividend to 68 cents per share, representing an uptick of 3% from the previous quarter. It repurchased 1.51 million shares at an average price of $99.21 per share.
2024 Guidance
The company forecasts full-year 2024 organic sales growth of around 5%. The adjusted operating margin is anticipated to be approximately 10.5%. Operating cash flow is expected to be $1.2 billion in 2024.
Zacks Rank & Key Picks
ALV currently carries a Zacks Rank #3 (Hold).
Some better-ranked players in the auto space are Honda Motor Co., Ltd. (HMC - Free Report) , BYD Company Limited (BYDDY - Free Report) and Mercedes-Benz Group AG (MBGAF - Free Report) . HMC and BYDDY each sports a Zacks Rank #1 (Strong Buy) and MBGAF carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for HMC’s 2024 sales and earnings implies year-over-year growth of 14.8% and 37.3%, respectively. The EPS estimates for 2024 and 2025 have moved up 7 cents and 3 cents, respectively, in the past seven days.
The Zacks Consensus Estimate for BYDDY’s 2023 sales and earnings suggests year-over-year growth of 36.5% and 70.6%, respectively. The EPS estimate for 2024 has improved 30 cents in the past seven days.
The Zacks Consensus Estimate for MBGAF’s 2023 sales suggests year-over-year growth of 5.8%. The EPS estimates for 2023 and 2024 have improved by a penny and 30 cents, respectively, in the past 60 days.
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https://www.zacks.com/stock/news/2217415/autoliv-alv-q4-earnings-surpass-estimates-dividend-hiked
| 2024-01-30T03:12:59Z
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Otis Worldwide Corporation (OTIS - Free Report) is scheduled to report fourth-quarter 2023 results on Jan 31, before the opening bell.
In the last reported quarter, OTIS’ earnings beat the Zacks Consensus Estimate by 9.2% and rose 18.8% year over year. Net sales beat the consensus mark by 1.2% and gained 5.4% year over year.
Otis’ earnings topped the consensus mark in each of the last 15 quarters.
Trend in Estimate Revision
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share has been stable at 85 cents in the past 60 days. The estimated figure indicates a rise of 13.3% from the year-ago quarter.
The consensus mark for net sales is pegged at $3.57 billion, suggesting a 3.9% increase from the year-ago reported figure of $3.44 billion.
Key Factors to Note
The world's leading elevator and escalator manufacturing, installation and service company’s fourth-quarter 2023 results are likely to be aided by strong volume, favorable pricing and improved productivity.
Otis Worldwide is boosting business performance by implementing a range of strategies, including acquisitions, product innovations and the integration of new technologies, driven by ongoing research and development efforts. These initiatives are expected to contribute positively to the fourth-quarter results.
The company projects the new equipment margin to be nearly 7% in the fourth quarter compared with 4.9% in the year-ago period. It expects new equipment orders to be down in the low to mid-single-digit and the backlog to be flat to slightly up in the to-be-reported quarter. China's backlog is likely to be down in the mid-single-digit.
Our model predicts New Equipment revenues to grow 1.8% year over year to $1.49 billion.
OTIS projects the margin for Service in the fourth quarter to be approximately 23.2%, down from the prior year's quarter’s 23.9%. Within Services, the company assumes repair to be flattish and modernization to grow in double-digits in the quarter.
Service revenues will rise 5.6% to $2.09 billion compared with the prior year, per our estimate.
Also, it anticipates headwinds from foreign exchange translation to impact sales and thereby adjusted earnings in the to-be-reported quarter.
What the Zacks Model Unveils
Our proven model does not conclusively predict an earnings beat for Otis this time around. That is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) for this to happen. This is not the case here, as elaborated below.
Earnings ESP: Otis has an Earnings ESP of 0.00%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: Currently, Otis carries a Zacks Rank #4 (Sell).
Stocks With the Favorable Combination
Here are some companies in the Zacks Construction sector that, per our model, have the right combination of elements to beat on earnings in the quarter to be reported.
Louisiana-Pacific Corporation (LPX - Free Report) has an Earnings ESP of +6.64% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
LPX’s earnings for the to-be-reported quarter are expected to decline 14.8%. The company reported better-than-expected earnings in three of the last four quarters and missed on one occasion, the average surprise being 98.3%.
Meritage Homes Corporation (MTH - Free Report) has an Earnings ESP of +2.85% and carries a Zacks Rank #3.
MTH’s earnings topped the consensus mark in each of the last four quarters, with the average being 25.8%. Earnings for the to-be-reported quarter are expected to decline 26.9% year over year.
Vulcan Materials Company (VMC - Free Report) has an Earnings ESP of +1.85% and carries a Zacks Rank #3.
VMC’s earnings topped the consensus mark in three of the last four quarters and missed on one occasion, with the average being 13.6%. Earnings for the to-be-reported quarter are expected to grow 25.9% year over year.
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https://www.zacks.com/stock/news/2217416/otis-worldwide-otis-to-post-q4-earnings-whats-in-store?
| 2024-01-30T03:13:05Z
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Franklin Resources Inc.’s (BEN - Free Report) first-quarter fiscal 2024 (ended Dec 31, 2023) adjusted earnings of 65 cents per share surpassed the Zacks Consensus Estimate of 57 cents. The bottom line jumped 28% year over year.
BEN’s results benefited from a rise in revenues and an improvement in assets under management (AUM) balance. Also, the company’s balance sheet position remained robust in the quarter. However, higher expenses were headwinds.
Adjusted operating income was $417 million compared with the prior-year quarter’s $395.1 million. Also, net income attributable to Franklin was $251.3 million, up 52% year over year.
Revenues & Expenses Rise
Total operating revenues inched up 1% year over year to $1.99 billion. The reported figure outpaced the Zacks Consensus Estimate of $1.91 billion.
Investment management fees grew 1% year over year to $1.65 billion. We projected the same to be $1.57 billion. Sales and distribution fees increased nearly 2% to $296.4 million. Our estimate for the metric was $292 million.
Shareholder-servicing fees declined 3% on a year-over-year basis to $32.5 million. Our estimate was $37.1 million. Other revenues remained flat at $10 million. We suggested other revenues to be $9.8 million.
Total operating expenses were up 1% year over year to $1.78 billion. Our estimate for the same was $1.69 billion.
Franklin reported an operating margin of 10.4% compared with 9.9% in the year-ago quarter.
AUM Increases
As of Dec 31, 2023, total AUM was $1.46 trillion, up 5% year over year. This is in line with our estimates. Franklin’s long-term net outflows were $5 billion in the reported quarter compared with $10.9 billion in the year-ago quarter. We estimated the same to be $4.4 billion.
Average AUM was $1.39 trillion, up 3% from the prior-year quarter. We projected average AUM to be $1.42 trillion.
Capital Position Strong
As of Dec 31, 2023, cash and cash equivalents, along with investments, were $5.6 billion, while total stockholders' equity was $12.6 billion.
In the reported quarter, Franklin repurchased 2.4 million shares of its common stock for a total cost of $58.8 million.
Our Viewpoint
The company’s efforts to diversify its business into asset classes, that are seeing growing client demand, will likely propel AUM growth. Its acquisitions expanded alternative investments and multi-asset solution platforms.
However, a challenging operating backdrop and several geopolitical concerns may significantly affect its AUM. Due to its focus on technological upgrades, costs may rise and weigh on bottom-line growth.
Currently, Franklin sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Performance of Other Asset Managers
BlackRock, Inc.’s (BLK - Free Report) fourth-quarter 2023 adjusted earnings of $9.66 per share handily surpassed the Zacks Consensus Estimate of $8.84. The figure reflects an increase of 8.2% year over year.
BLK’s quarterly results benefited from a rise in revenues and higher non-operating income. Further, AUM balance witnessed an improvement owing to net inflows. However, higher expenses acted as a dampener.
Invesco’s (IVZ - Free Report) fourth-quarter 2023 adjusted earnings of 47 cents per share handily surpassed the Zacks Consensus Estimate of 38 cents. The bottom line grew 20.5% year over year.
Results benefited from an increase in AUM balance on decent inflows. However, a rise in operating expenses and lower revenues were the undermining factors.
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https://www.zacks.com/stock/news/2217417/franklin-ben-q1-earnings-revenues-top-estimates-aum-rises?-revenues-top-estimates,-aum-rises
| 2024-01-30T03:13:11Z
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Amazon (AMZN - Free Report) is scheduled to report fourth-quarter 2023 results on Feb 1.
For the fourth quarter, the company expects net sales between $160 billion and $167 billion, which represents 7-12% year-over-year growth.
The Zacks Consensus Estimate for net sales is pegged at $166.26 billion, indicating growth of 11.4% from the prior-year quarter’s reported figure.
The Zacks Consensus Estimate for fourth-quarter earnings is pegged at 81 cents per share, which indicates a massive jump from 21 cents reported in the year-ago quarter. The figure moved 2.5% upward over the past seven days.
The company’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 54.9%.
Holiday, Prime, Retail & Streaming Momentum to Aid
The company’s solid holiday performance, backed by strong holiday initiatives, is expected to have contributed well to top-line growth. It witnessed record-breaking sales on Black Friday and Cyber Monday.
Amazon’s expanding distribution network, Prime-enabled fast delivery, including Prime Free One Day and Prime Free Same-Day Delivery services and robust grocery services are expected to have aided the performance of its online retail business in the fourth quarter.
The company’s growing worldwide e-commerce business, along with the expanding global footprint of Prime, is expected to have contributed well.
The Zacks Consensus Estimate for online store sales is pegged at $68.53 billion, indicating growth of 6.2% from the year-ago reported figure.
Amazon’s aggressive stance on bolstering its physical presence is expected to have benefited the quarterly performance.
Growing momentum across Amazon Fresh grocery stores, Whole Foods stores and Amazon Go outlets across the United States is anticipated to have contributed well to the company’s sales in the fourth quarter.
The consensus mark for the fourth quarter’s physical store sales is pegged at $5.31 billion, indicating growth of 7% from the figure reported in the year-ago quarter.
In addition, strengthening relationships with third-party sellers might have remained a positive. The consensus mark for sales generated by third-party sellers is pegged at $41.5 billion, indicating growth of 14.1% from the figure reported in the prior-year quarter.
Coming to streaming services, solid momentum across Prime Video is anticipated to have been a major tailwind in the soon-to-be-reported quarter. Expanding original content and overall content portfolios on Prime Video are likely to have accelerated Prime engagement.
Gains from the growing momentum across Amazon Music are expected to be reflected in the company’s fourth-quarter results.
Prime benefits in retail as well as in online streaming fields might have continued aiding Amazon’s subscription revenue growth in the quarter under review.
The Zacks Consensus Estimate for subscription service sales is pegged at $10.4 billion, suggesting growth of 13.2% from the year-ago reported figure.
AWS Portfolio Strength to Consider
The company’s expanding Amazon Web Services (“AWS”) portfolio is expected to have benefited the fourth quarter’s performance.
In the quarter under review, AWS introduced a palm-based identity and a fully managed service called Amazon One Enterprise. The service offers accurate and secured enterprise access control through an easy-to-use biometric identification device.
It also unveiled a generative AI-powered chatbot, Amazon Q. The AI-powered assistant provides quick answers and helps in content creation and action-taking based on a customer's information repositories, code and enterprise systems.
It introduced four new capabilities for AWS Supply Chain - AWS Supply Chain Supply Planning, AWS Supply Chain N-Tier Visibility, AWS Supply Chain Sustainability and Amazon Q in AWS Supply Chain, designed to boost its existing data lake, demand planning and ML-powered insights.
AWS’ introduction of AWS Graviton4 and AWS Trainium2, its next-generation two-chip families, might have contributed well.
The company also announced the general availability of Amazon Simple Storage Service (Amazon S3) Express One Zone, a new high-performance, single-zone Amazon S3 storage class.
It unveiled new Amazon SageMaker capabilities for scaling with models, including SageMaker HyperPod, SageMaker Inference, SageMaker Clarify and SageMaker Canvas.
All these efforts are expected to have helped AWS win customers. This, in turn, is expected to have boosted AWS’s fourth-quarter revenues, whose consensus mark is pinned at $24.32 billion, up 13.8% from the year-ago reported figure.
Smart Device Portfolio to Consider
Amazon’s robust Fire products family, portfolio of Echo smart speakers, Blink doorbells and eero products are expected to have continued benefiting its financial performance in the fourth quarter. Additionally, strengthening Alexa features is likely to have aided Amazon in delivering a better user experience, which, in turn, is expected to be reflected in the upcoming results.
However, inflationary pressure, geopolitical tensions and foreign currency headwinds might have remained concerns.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Amazon this time around. 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. But that is not the case here, as you see below.
Amazon has an Earnings ESP of -0.04%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
AMZN has a Zacks Rank #2 at present.
Stocks to Consider
Here are some stocks worth considering, as our model shows that these have the right combination of elements to beat on earnings this season.
Apple (AAPL - Free Report) has an Earnings ESP of +2.13% and a Zacks Rank #2 at present. You can see the complete list of today's Zacks #1 Rank stocks here.
Apple is scheduled to release first-quarter fiscal 2024 results on Feb 1. The Zacks Consensus Estimate for AAPL’s earnings is pegged at $2.08 per share, suggesting a jump of 10.6% from the prior-year quarter.
Expedia Group (EXPE - Free Report) has an Earnings ESP of +4.79% and a Zacks Rank #3 at present.
Expedia is scheduled to release its fourth-quarter 2023 results on Feb 8. The Zacks Consensus Estimate for EXPE’s earnings is pinned at $1.67 per share, indicating growth of 32.5% from the year-ago quarter.
MercadoLibre (MELI - Free Report) has an Earnings ESP of +10.89% and a Zacks Rank #2 at present.
MercadoLibre is set to report its fourth-quarter 2023 results on Feb 22. The Zacks Consensus Estimate for MELI’s earnings is pegged at $6.66 per share, suggesting growth of 104.9% from the prior-year period’s reported figure.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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https://www.zacks.com/stock/news/2217418/amazon-amzn-to-post-q4-earnings-whats-in-the-offing?
| 2024-01-30T03:13:18Z
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- (1:00) - The Journey From Fighter Town USA To Portfolio Manager
- (4:00) - Understanding What Exactly Happened To The Boeing Plane On January 5th
- (9:15) - What Kind of Financial Impact Will This Incident Have On Boeing?
- (16:15) - Why Haven’t We Seen Such Issues With Airbus Aircrafts?
- (21:00) - Defense Industry Outlook Amid Rising Geopolitical Tensions
- (24:55) - What Kind of Demand Can Investors Expect In The Commercial Aerospace Industry?
- (27:05) - Gabelli Commercial Aerospace and Defense ETF: GCAB
- (31:30) - Episode Roundup: ITA, PPA, XAR
- Podcast@Zacks.com
In this episode of ETF Spotlight, I speak with Tony Bancroft, portfolio manager of the Gabelli Commercial Aerospace & Defense ETF (GCAD - Free Report) , about the outlook for the aerospace and defense industry.
Boeing (BA - Free Report) shares have plunged about 20% since a part of a 737 Max 9 jet operated by Alaska Airlines (ALK - Free Report) blew out mid-flight, forcing the plane to make an emergency landing. This incident led to the grounding of many 737 MAX jets by the Federal Aviation Administration (FAA).
Last week, the FAA allowed the grounded jets to resume flying but imposed limits on Boeing’s 737 production. Boeing has continued to face questions about its quality control systems, particularly following two fatal 737 MAX 8 crashes in 2018 and 2019.
Rising geopolitical tensions have resulted in increased defense spending worldwide. Defense spending is one of the very few areas that have gained bipartisan support in the US.
On the commercial side, global air traffic continues to expand. The rising middle class in emerging economies and their growing incomes are expected to be key drivers of air travel demand in the future.
The iShares U.S. Aerospace & Defense ETF (ITA - Free Report) is a market-cap weighted ETF. Boeing (BA - Free Report) gets almost 17% weighting in the fund. Other top holdings include Lockheed Martin (LMT - Free Report) and RTX (RTX - Free Report) .
The SPDR S&P Aerospace & Defense ETF (XAR - Free Report) follows an equal-weighted index while the Invesco Aerospace & Defense Portfolio (PPA - Free Report) tracks a modified market cap weighted index of companies involved in the defense, military, homeland security and space industries.
Tune in to the podcast to learn more.
Make sure to be on the lookout for the next edition of the ETF Spotlight and remember to subscribe! If you have any comments or questions, please email podcast@zacks.com.
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The Boeing Company (BA) - free report >>
Lockheed Martin Corporation (LMT) - free report >>
Alaska Air Group, Inc. (ALK) - free report >>
iShares U.S. Aerospace & Defense ETF (ITA) - free report >>
Invesco Aerospace & Defense ETF (PPA) - free report >>
SPDR S&P Aerospace & Defense ETF (XAR) - free report >>
RTX Corporation (RTX) - free report >>
Gabelli Commercial Aerospace and Defense ETF (GCAD) - free report >>
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https://www.zacks.com/stock/news/2217428/can-aerospace-defense-etfs-rise-amid-ongoing-geopolitical-conflicts?
| 2024-01-30T03:13:24Z
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F5 Networks (FFIV - Free Report) came out with quarterly earnings of $3.43 per share, beating the Zacks Consensus Estimate of $3.03 per share. This compares to earnings of $2.47 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 13.20%. A quarter ago, it was expected that this computer networking company would post earnings of $3.22 per share when it actually produced earnings of $3.50, delivering a surprise of 8.70%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
F5
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.
F5 shares have added about 2.6% since the beginning of the year versus the S&P 500's gain of 2.5%.
What's Next for F5?
While F5 has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for F5: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.98 on $680.6 million in revenues for the coming quarter and $12.36 on $2.77 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Bentley Systems, Incorporated (BSY - Free Report) , is yet to report results for the quarter ended December 2023.
This company is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Bentley Systems, Incorporated's revenues are expected to be $313.7 million, up 9.3% from the year-ago quarter.
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https://www.zacks.com/stock/news/2217432/f5-networks-ffiv-q1-earnings-and-revenues-beat-estimates
| 2024-01-30T03:13:31Z
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Transcat, Inc. (TRNS - Free Report) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 8.57%. A quarter ago, it was expected that this company would post earnings of $0.37 per share when it actually produced earnings of $0.41, delivering a surprise of 10.81%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Transcat, Inc.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Transcat, Inc. Shares have lost about 10.3% since the beginning of the year versus the S&P 500's gain of 2.5%.
What's Next for Transcat, Inc.
While Transcat, Inc. Has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Transcat, Inc. Mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.60 on $68.3 million in revenues for the coming quarter and $1.39 on $255.03 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, Instruments - Control is currently in the top 17% 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, Watts Water (WTS - Free Report) , is yet to report results for the quarter ended December 2023. The results are expected to be released on February 12.
This maker of valves for plumbing, heating and water needs is expected to post quarterly earnings of $1.78 per share in its upcoming report, which represents a year-over-year change of +11.3%. The consensus EPS estimate for the quarter has been revised 0.5% lower over the last 30 days to the current level.
Watts Water's revenues are expected to be $531.99 million, up 6% from the year-ago quarter.
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https://www.zacks.com/stock/news/2217433/transcat-inc-trns-q3-earnings-and-revenues-beat-estimates
| 2024-01-30T03:13:37Z
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Merchants Bancorp (MBIN - Free Report) came out with quarterly earnings of $1.58 per share, beating the Zacks Consensus Estimate of $1.44 per share. This compares to earnings of $1.12 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 9.72%. A quarter ago, it was expected that this bank holding company would post earnings of $1.32 per share when it actually produced earnings of $1.68, delivering a surprise of 27.27%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Merchants 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.
Merchants Bancorp shares have added about 2.2% since the beginning of the year versus the S&P 500's gain of 2.5%.
What's Next for Merchants Bancorp?
While Merchants 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 Merchants Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.37 on $139.35 million in revenues for the coming quarter and $5.39 on $565.8 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 28% 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, First United Corporation (FUNC - Free Report) , is yet to report results for the quarter ended December 2023.
This company is expected to post quarterly earnings of $0.61 per share in its upcoming report, which represents a year-over-year change of -41.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
First United Corporation's revenues are expected to be $14.68 million, down 25.4% from the year-ago quarter.
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https://www.zacks.com/stock/news/2217434/merchants-bancorp-mbin-q4-earnings-and-revenues-beat-estimates
| 2024-01-30T03:13:43Z
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Woodward (WWD - Free Report) came out with quarterly earnings of $1.45 per share, beating the Zacks Consensus Estimate of $1.10 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 31.82%. A quarter ago, it was expected that this maker of cockpit controls and other equipment for the defense and aerospace markets would post earnings of $1.27 per share when it actually produced earnings of $1.33, delivering a surprise of 4.72%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Woodward
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.
Woodward shares have added about 2.3% since the beginning of the year versus the S&P 500's gain of 2.5%.
What's Next for Woodward?
While Woodward 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 Woodward: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.22 on $787.83 million in revenues for the coming quarter and $4.95 on $3.19 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Instruments - Control is currently in the top 17% 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, Sensata (ST - Free Report) , is yet to report results for the quarter ended December 2023. The results are expected to be released on February 6.
This maker of sensing, electrical protection, control and power management products is expected to post quarterly earnings of $0.86 per share in its upcoming report, which represents a year-over-year change of -10.4%. The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level.
Sensata's revenues are expected to be $978.77 million, down 3.5% from the year-ago quarter.
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https://www.zacks.com/stock/news/2217435/woodward-wwd-q1-earnings-and-revenues-beat-estimates
| 2024-01-30T03:13:50Z
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German American Bancorp (GABC - Free Report) came out with quarterly earnings of $0.73 per share, beating the Zacks Consensus Estimate of $0.67 per share. This compares to earnings of $0.83 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 8.96%. A quarter ago, it was expected that this financial services holding company would post earnings of $0.68 per share when it actually produced earnings of $0.73, delivering a surprise of 7.35%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
German American 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.
German American Bancorp shares have added about 1% since the beginning of the year versus the S&P 500's gain of 2.5%.
What's Next for German American Bancorp?
While German American 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 German American Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.65 on $61.25 million in revenues for the coming quarter and $2.53 on $244.4 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 7% 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, UMB Financial (UMBF - Free Report) , is yet to report results for the quarter ended December 2023. The results are expected to be released on January 30.
This bank holding company is expected to post quarterly earnings of $1.76 per share in its upcoming report, which represents a year-over-year change of -14.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
UMB Financial's revenues are expected to be $361.63 million, down 2.4% from the year-ago quarter.
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https://www.zacks.com/stock/news/2217436/german-american-bancorp-gabc-tops-q4-earnings-estimates
| 2024-01-30T03:13:56Z
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Harmonic (HLIT - Free Report) came out with quarterly earnings of $0.13 per share, beating the Zacks Consensus Estimate of $0.10 per share. This compares to earnings of $0.17 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 30%. A quarter ago, it was expected that this video services provider would post earnings of $0.01 per share when it actually produced break-even earnings, delivering a surprise of -100%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Harmonic
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.
Harmonic shares have lost about 13.7% since the beginning of the year versus the S&P 500's gain of 2.5%.
What's Next for Harmonic?
While Harmonic 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 Harmonic: 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 $0.08 on $153.7 million in revenues for the coming quarter and $0.73 on $752.8 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, Communication - Components is currently in the top 44% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Arista Networks (ANET - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on February 12.
This cloud networking company is expected to post quarterly earnings of $1.70 per share in its upcoming report, which represents a year-over-year change of +20.6%. The consensus EPS estimate for the quarter has been revised 0.4% higher over the last 30 days to the current level.
Arista Networks' revenues are expected to be $1.53 billion, up 20% from the year-ago quarter.
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https://www.zacks.com/stock/news/2217437/harmonic-hlit-beats-q4-earnings-and-revenue-estimates
| 2024-01-30T03:14:02Z
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Cleveland-Cliffs (CLF - Free Report) came out with a quarterly loss of $0.05 per share versus the Zacks Consensus Estimate of a loss of $0.07. This compares to loss of $0.30 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 28.57%. A quarter ago, it was expected that this mining company would post earnings of $0.44 per share when it actually produced earnings of $0.54, delivering a surprise of 22.73%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Cleveland-Cliffs
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.
Cleveland-Cliffs shares have lost about 9.8% since the beginning of the year versus the S&P 500's gain of 2.5%.
What's Next for Cleveland-Cliffs?
While Cleveland-Cliffs 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 Cleveland-Cliffs: 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 $0.59 on $5.22 billion in revenues for the coming quarter and $2.24 on $21.52 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Mining - Miscellaneous is currently in the bottom 35% 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.
Teck Resources Ltd (TECK - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023. The results are expected to be released on February 22.
This company is expected to post quarterly earnings of $1.09 per share in its upcoming report, which represents a year-over-year change of +38%. The consensus EPS estimate for the quarter has been revised 4.5% lower over the last 30 days to the current level.
Teck Resources Ltd's revenues are expected to be $3.09 billion, up 33.7% from the year-ago quarter.
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https://www.zacks.com/stock/news/2217439/cleveland-cliffs-clf-reports-q4-loss-misses-revenue-estimates
| 2024-01-30T03:14:08Z
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For the quarter ended December 2023, Transcat, Inc. (TRNS - Free Report) reported revenue of $65.17 million, up 13.5% over the same period last year. EPS came in at $0.38, compared to $0.21 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $63.36 million, representing a surprise of +2.85%. The company delivered an EPS surprise of +8.57%, with the consensus EPS estimate being $0.35.
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.
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 Transcat, Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Distribution Sales: $23.66 million versus the three-analyst average estimate of $22.39 million. The reported number represents a year-over-year change of +10.4%.
- Revenue- Service Revenue: $41.51 million compared to the $40.46 million average estimate based on three analysts. The reported number represents a change of +15.4% year over year.
- Gross Profit- Distribution: $7.44 million compared to the $6.24 million average estimate based on two analysts.
- Gross Profit- Service: $13.49 million versus $13.13 million estimated by two analysts on average.
Shares of Transcat, Inc. have returned -10.3% 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/2217440/compared-to-estimates-transcat-inc-trns-q3-earnings-a-look-at-key-metrics
| 2024-01-30T03:14:14Z
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Energy Transfer LP (ET - Free Report) closed the latest trading day at $14.53, indicating a +0.48% change from the previous session's end. The stock's change was less than the S&P 500's daily gain of 0.76%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
Shares of the energy-related services provider have appreciated by 4.78% over the course of the past month, outperforming the Oils-Energy sector's loss of 2.82% and the S&P 500's gain of 2.5%.
The investment community will be closely monitoring the performance of Energy Transfer LP in its forthcoming earnings report. The company is scheduled to release its earnings on February 14, 2024. In that report, analysts expect Energy Transfer LP to post earnings of $0.29 per share. This would mark a year-over-year decline of 14.71%. Meanwhile, our latest consensus estimate is calling for revenue of $23.59 billion, up 15.04% from the prior-year quarter.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Energy Transfer LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.03% increase. Energy Transfer LP is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note Energy Transfer LP's current valuation metrics, including its Forward P/E ratio of 12.34. This signifies a discount in comparison to the average Forward P/E of 12.67 for its industry.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 81, finds itself in the top 33% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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https://www.zacks.com/stock/news/2217441/energy-transfer-lp-et-rises-yet-lags-behind-market-some-facts-worth-knowing
| 2024-01-30T03:14:21Z
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In the latest market close, Arista Networks (ANET - Free Report) reached $269.58, with a +1.96% movement compared to the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.76%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 1.12%.
Shares of the cloud networking company have appreciated by 12.27% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.99% and the S&P 500's gain of 2.5%.
Analysts and investors alike will be keeping a close eye on the performance of Arista Networks in its upcoming earnings disclosure. The company's earnings report is set to go public on February 12, 2024. The company is predicted to post an EPS of $1.70, indicating a 20.57% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.53 billion, up 19.98% from the year-ago period.
Any recent changes to analyst estimates for Arista Networks should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.31% rise in the Zacks Consensus EPS estimate. Arista Networks is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Arista Networks has a Forward P/E ratio of 36.66 right now. This signifies a premium in comparison to the average Forward P/E of 19.21 for its industry.
Meanwhile, ANET's PEG ratio is currently 1.85. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Communication - Components industry currently had an average PEG ratio of 1.98 as of yesterday's close.
The Communication - Components industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 110, finds itself in the top 44% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2217442/arista-networks-anet-exceeds-market-returns-some-facts-to-consider
| 2024-01-30T03:14:27Z
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Ford Motor Company (F - Free Report) closed at $11.55 in the latest trading session, marking a +1.4% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
The company's stock has dropped by 6.56% in the past month, exceeding the Auto-Tires-Trucks sector's loss of 13.1% and lagging the S&P 500's gain of 2.5%.
The upcoming earnings release of Ford Motor Company will be of great interest to investors. The company's earnings report is expected on February 6, 2024. The company is expected to report EPS of $0.12, down 76.47% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $36.39 billion, indicating a 12.94% decrease compared to the same quarter of the previous year.
Investors should also note any recent changes to analyst estimates for Ford Motor Company. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.75% rise in the Zacks Consensus EPS estimate. Ford Motor Company presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Ford Motor Company is currently being traded at a Forward P/E ratio of 6.39. This represents a discount compared to its industry's average Forward P/E of 11.75.
Investors should also note that F has a PEG ratio of 1.07 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Automotive - Domestic industry was having an average PEG ratio of 1.65.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. Currently, this industry holds a Zacks Industry Rank of 110, positioning it in the top 44% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2217443/ford-motor-company-f-beats-stock-market-upswing-what-investors-need-to-know
| 2024-01-30T03:14:33Z
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The most recent trading session ended with Devon Energy (DVN - Free Report) standing at $42.77, reflecting a +0.35% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
Shares of the oil and gas exploration company have depreciated by 5.92% over the course of the past month, underperforming the Oils-Energy sector's loss of 2.82% and the S&P 500's gain of 2.5%.
The upcoming earnings release of Devon Energy will be of great interest to investors. The company's earnings report is expected on February 27, 2024. The company is predicted to post an EPS of $1.39, indicating a 16.27% decline compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $3.87 billion, indicating a 9.98% decline compared to the corresponding quarter of the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Devon Energy. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 16.14% fall in the Zacks Consensus EPS estimate. Devon Energy is currently sporting a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Devon Energy has a Forward P/E ratio of 7.97 right now. This denotes a discount relative to the industry's average Forward P/E of 8.42.
We can additionally observe that DVN currently boasts a PEG ratio of 0.16. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Oil and Gas - Exploration and Production - United States industry held an average PEG ratio of 0.66.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 249, this industry ranks in the bottom 2% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2217444/devon-energy-dvn-increases-yet-falls-behind-market-what-investors-need-to-know
| 2024-01-30T03:14:40Z
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The most recent trading session ended with AbbVie (ABBV - Free Report) standing at $163.91, reflecting a -0.3% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.76%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
Shares of the drugmaker witnessed a gain of 6.09% over the previous month, beating the performance of the Medical sector with its gain of 1.57% and the S&P 500's gain of 2.5%.
Investors will be eagerly watching for the performance of AbbVie in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 2, 2024. In that report, analysts expect AbbVie to post earnings of $2.76 per share. This would mark a year-over-year decline of 23.33%. In the meantime, our current consensus estimate forecasts the revenue to be $14.04 billion, indicating a 7.13% decline compared to the corresponding quarter of the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AbbVie. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection has moved 0.07% higher. At present, AbbVie boasts a Zacks Rank of #3 (Hold).
Digging into valuation, AbbVie currently has a Forward P/E ratio of 14.65. Its industry sports an average Forward P/E of 14.65, so one might conclude that AbbVie is trading at no noticeable deviation comparatively.
It's also important to note that ABBV currently trades at a PEG ratio of 2.93. 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. As the market closed yesterday, the Large Cap Pharmaceuticals industry was having an average PEG ratio of 1.77.
The Large Cap Pharmaceuticals industry is part of the Medical sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2217445/abbvie-abbv-stock-sinks-as-market-gains-heres-why
| 2024-01-30T03:14:46Z
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StoneCo Ltd. (STNE - Free Report) closed at $18.32 in the latest trading session, marking a +1.22% move from the prior day. This change outpaced the S&P 500's 0.76% gain on the day. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 1.12%.
Prior to today's trading, shares of the company had gained 0.39% over the past month. This has lagged the Computer and Technology sector's gain of 4.99% and the S&P 500's gain of 2.5% in that time.
Analysts and investors alike will be keeping a close eye on the performance of StoneCo Ltd. in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.29, reflecting a 107.14% increase from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $468.47 million, showing an 8.9% drop compared to the year-ago quarter.
Investors should also pay attention to any latest changes in analyst estimates for StoneCo Ltd. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.42% higher. StoneCo Ltd. presently features a Zacks Rank of #1 (Strong Buy).
Looking at valuation, StoneCo Ltd. is presently trading at a Forward P/E ratio of 15.08. For comparison, its industry has an average Forward P/E of 35.19, which means StoneCo Ltd. is trading at a discount to the group.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 59, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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https://www.zacks.com/stock/news/2217446/stoneco-ltd-stne-rises-higher-than-market-key-facts
| 2024-01-30T03:14:52Z
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The latest trading session saw Nexstar Broadcasting Group (NXST - Free Report) ending at $179.96, denoting a -0.37% adjustment from its last day's close. This change lagged the S&P 500's 0.76% gain on the day. Meanwhile, the Dow experienced a rise of 0.59%, and the technology-dominated Nasdaq saw an increase of 1.12%.
The television broadcaster's stock has climbed by 15.23% in the past month, exceeding the Consumer Discretionary sector's gain of 1.72% and the S&P 500's gain of 2.5%.
Analysts and investors alike will be keeping a close eye on the performance of Nexstar Broadcasting Group in its upcoming earnings disclosure. The company's earnings report is set to go public on February 28, 2024. The company's earnings per share (EPS) are projected to be $4.42, reflecting a 45.02% decrease from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.32 billion, indicating a 11.03% downward movement from the same quarter last year.
Investors should also pay attention to any latest changes in analyst estimates for Nexstar Broadcasting Group. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Nexstar Broadcasting Group is holding a Zacks Rank of #4 (Sell) right now.
Looking at valuation, Nexstar Broadcasting Group is presently trading at a Forward P/E ratio of 6.04. This represents a discount compared to its industry's average Forward P/E of 10.27.
Investors should also note that NXST has a PEG ratio of 0.66 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. NXST's industry had an average PEG ratio of 0.65 as of yesterday's close.
The Broadcast Radio and Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 206, which puts it in the bottom 19% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2217447/nexstar-broadcasting-group-nxst-stock-falls-amid-market-uptick-what-investors-need-to-know
| 2024-01-30T03:14:58Z
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Cadence Design Systems (CDNS - Free Report) closed the most recent trading day at $294.37, moving +1.25% from the previous trading session. The stock's performance was ahead of the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
Heading into today, shares of the maker of hardware and software products for validating chip designs had gained 6.74% over the past month, outpacing the Computer and Technology sector's gain of 4.99% and the S&P 500's gain of 2.5% in that time.
Investors will be eagerly watching for the performance of Cadence Design Systems in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 12, 2024. The company is predicted to post an EPS of $1.34, indicating a 39.58% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.07 billion, indicating a 18.66% growth compared to the corresponding quarter of the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Cadence Design Systems. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.37% upward. Cadence Design Systems is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Cadence Design Systems has a Forward P/E ratio of 50.16 right now. This denotes a premium relative to the industry's average Forward P/E of 33.95.
We can also see that CDNS currently has a PEG ratio of 2.79. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Computer - Software was holding an average PEG ratio of 2.33 at yesterday's closing price.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 87, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2217448/cadence-design-systems-cdns-outperforms-broader-market-what-you-need-to-know
| 2024-01-30T03:15:04Z
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In the latest market close, Nu Holdings Ltd. (NU - Free Report) reached $9.37, with a -1.37% movement compared to the previous day. The stock's change was less than the S&P 500's daily gain of 0.76%. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.
The company's shares have seen an increase of 14.05% over the last month, surpassing the Business Services sector's gain of 0.44% and the S&P 500's gain of 2.5%.
The investment community will be closely monitoring the performance of Nu Holdings Ltd. in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.09, marking a 200% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $2.39 billion, indicating a 64.75% upward movement from the same quarter last year.
It is also important to note the recent changes to analyst estimates for Nu Holdings Ltd. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Nu Holdings Ltd. is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that Nu Holdings Ltd. has a Forward P/E ratio of 22.89 right now. This valuation marks a discount compared to its industry's average Forward P/E of 24.5.
The Technology Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 75, finds itself in the top 30% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2217449/nu-holdings-ltd-nu-stock-falls-amid-market-uptick-what-investors-need-to-know
| 2024-01-30T03:15:11Z
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Eli Lilly (LLY - Free Report) ended the recent trading session at $645, demonstrating a +0.9% swing from the preceding day's closing price. The stock exceeded the S&P 500, which registered a gain of 0.76% for the day. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 1.12%.
Prior to today's trading, shares of the drugmaker had gained 9.66% over the past month. This has outpaced the Medical sector's gain of 1.57% and the S&P 500's gain of 2.5% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Eli Lilly in its upcoming earnings disclosure. The company's earnings report is set to go public on February 6, 2024. On that day, Eli Lilly is projected to report earnings of $2.76 per share, which would represent year-over-year growth of 32.06%. At the same time, our most recent consensus estimate is projecting a revenue of $8.86 billion, reflecting a 21.38% rise from the equivalent quarter last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Eli Lilly. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.44% lower within the past month. Eli Lilly is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Eli Lilly is currently trading at a Forward P/E ratio of 51.18. This denotes a premium relative to the industry's average Forward P/E of 14.65.
It is also worth noting that LLY currently has a PEG ratio of 2.06. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Large Cap Pharmaceuticals industry had an average PEG ratio of 1.77 as trading concluded yesterday.
The Large Cap Pharmaceuticals industry is part of the Medical sector. At present, this industry carries a Zacks Industry Rank of 161, placing it within the bottom 37% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2217450/eli-lilly-lly-beats-stock-market-upswing-what-investors-need-to-know
| 2024-01-30T03:15:17Z
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The most recent trading session ended with Enterprise Products Partners (EPD - Free Report) standing at $27.47, reflecting a +0.22% shift from the previouse trading day's closing. The stock lagged the S&P 500's daily gain of 0.76%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 1.12%.
The the stock of provider of midstream energy services has risen by 4.02% in the past month, leading the Oils-Energy sector's loss of 2.82% and the S&P 500's gain of 2.5%.
The investment community will be closely monitoring the performance of Enterprise Products Partners in its forthcoming earnings report. The company is predicted to post an EPS of $0.66, indicating a 1.54% growth compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $12.76 billion, reflecting a 6.56% fall from the equivalent quarter last year.
Investors might also notice recent changes to analyst estimates for Enterprise Products Partners. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.06% higher. Enterprise Products Partners presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Enterprise Products Partners is holding a Forward P/E ratio of 10.49. For comparison, its industry has an average Forward P/E of 12.67, which means Enterprise Products Partners is trading at a discount to the group.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 81, placing it within the top 33% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2217451/enterprise-products-partners-epd-gains-but-lags-market-what-you-should-know
| 2024-01-30T03:15:23Z
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The latest trading session saw Aaron's Company, Inc. (AAN - Free Report) ending at $10.79, denoting a +0.56% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.76%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 1.12%.
Shares of the specialty retail witnessed a loss of 1.38% over the previous month, trailing the performance of the Consumer Discretionary sector with its gain of 1.72% and the S&P 500's gain of 2.5%.
The upcoming earnings release of Aaron's Company, Inc. will be of great interest to investors. The company is expected to report EPS of $0.03, down 66.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $542.88 million, down 7.92% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Aaron's Company, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. As of now, Aaron's Company, Inc. holds a Zacks Rank of #3 (Hold).
In the context of valuation, Aaron's Company, Inc. is at present trading with a Forward P/E ratio of 10.82. This represents a discount compared to its industry's average Forward P/E of 13.4.
The Consumer Services - Miscellaneous industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 96, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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https://www.zacks.com/stock/news/2217452/aarons-company-inc-aan-rises-yet-lags-behind-market-some-facts-worth-knowing
| 2024-01-30T03:15:29Z
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The latest trading session saw Bristol Myers Squibb (BMY - Free Report) ending at $49.87, denoting a +0.34% adjustment from its last day's close. The stock trailed the S&P 500, which registered a daily gain of 0.76%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
Coming into today, shares of the biopharmaceutical company had lost 3.14% in the past month. In that same time, the Medical sector gained 1.57%, while the S&P 500 gained 2.5%.
The investment community will be paying close attention to the earnings performance of Bristol Myers Squibb in its upcoming release. The company is slated to reveal its earnings on February 2, 2024. The company's upcoming EPS is projected at $1.60, signifying a 12.09% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $11.13 billion, showing a 2.42% drop compared to the year-ago quarter.
Investors should also note any recent changes to analyst estimates for Bristol Myers Squibb. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 2.95% lower. Bristol Myers Squibb currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Bristol Myers Squibb is currently exchanging hands at a Forward P/E ratio of 6.94. This signifies a discount in comparison to the average Forward P/E of 22.01 for its industry.
It's also important to note that BMY currently trades at a PEG ratio of 1.39. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. BMY's industry had an average PEG ratio of 1.83 as of yesterday's close.
The Medical - Biomedical and Genetics industry is part of the Medical sector. With its current Zacks Industry Rank of 96, this industry ranks in the top 39% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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https://www.zacks.com/stock/news/2217453/bristol-myers-squibb-bmy-increases-yet-falls-behind-market-what-investors-need-to-know
| 2024-01-30T03:15:36Z
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Perion Network (PERI - Free Report) closed the most recent trading day at $31.20, moving +1.46% from the previous trading session. The stock outperformed the S&P 500, which registered a daily gain of 0.76%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
The digital media company's shares have seen a decrease of 0.39% over the last month, not keeping up with the Computer and Technology sector's gain of 4.99% and the S&P 500's gain of 2.5%.
The investment community will be closely monitoring the performance of Perion Network in its forthcoming earnings report. The company is scheduled to release its earnings on February 7, 2024. In that report, analysts expect Perion Network to post earnings of $0.97 per share. This would mark year-over-year growth of 7.78%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $233.11 million, up 11.18% from the year-ago period.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Perion Network. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Perion Network is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Perion Network is presently trading at a Forward P/E ratio of 9.32. This expresses a discount compared to the average Forward P/E of 15.88 of its industry.
Investors should also note that PERI has a PEG ratio of 0.42 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Internet - Content industry had an average PEG ratio of 1.
The Internet - Content industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 217, positioning it in the bottom 14% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2217454/perion-network-peri-outperforms-broader-market-what-you-need-to-know
| 2024-01-30T03:15:42Z
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The most recent trading session ended with Occidental Petroleum (OXY - Free Report) standing at $58.22, reflecting a -0.31% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
Shares of the oil and gas exploration and production company have depreciated by 2.19% over the course of the past month, outperforming the Oils-Energy sector's loss of 2.82% and lagging the S&P 500's gain of 2.5%.
The upcoming earnings release of Occidental Petroleum will be of great interest to investors. The company's earnings report is expected on February 14, 2024. The company is expected to report EPS of $0.82, down 49.07% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $7.25 billion, down 12.9% from the year-ago period.
It's also important for investors to be aware of any recent modifications to analyst estimates for Occidental Petroleum. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 23.28% decrease. Occidental Petroleum presently features a Zacks Rank of #4 (Sell).
Looking at valuation, Occidental Petroleum is presently trading at a Forward P/E ratio of 13.37. This valuation marks a premium compared to its industry's average Forward P/E of 12.91.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 232, positioning it in the bottom 8% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2217455/occidental-petroleum-oxy-stock-declines-while-market-improves-some-information-for-investors
| 2024-01-30T03:15:48Z
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In the latest trading session, Evolution Petroleum (EPM - Free Report) closed at $5.75, marking a +1.41% move from the previous day. This move outpaced the S&P 500's daily gain of 0.76%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 1.12%.
Prior to today's trading, shares of the oil and gas company had lost 2.41% over the past month. This has was narrower than the Oils-Energy sector's loss of 2.82% and lagged the S&P 500's gain of 2.5% in that time.
The investment community will be paying close attention to the earnings performance of Evolution Petroleum in its upcoming release. It is anticipated that the company will report an EPS of $0.13, marking a 55.17% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $24.84 million, reflecting a 26.26% fall from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.44 per share and a revenue of $98 million, indicating changes of -56.44% and -23.74%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for Evolution Petroleum. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.82% higher. Evolution Petroleum is currently a Zacks Rank #3 (Hold).
In terms of valuation, Evolution Petroleum is currently trading at a Forward P/E ratio of 13.03. This denotes a premium relative to the industry's average Forward P/E of 8.42.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 249, this industry ranks in the bottom 2% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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https://www.zacks.com/stock/news/2217456/evolution-petroleum-epm-rises-higher-than-market-key-facts
| 2024-01-30T03:15:54Z
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Exxon Mobil (XOM - Free Report) closed at $103.13 in the latest trading session, marking a +0.13% move from the prior day. The stock lagged the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
Shares of the oil and natural gas company have appreciated by 3.02% over the course of the past month, outperforming the Oils-Energy sector's loss of 2.82% and the S&P 500's gain of 2.5%.
The investment community will be paying close attention to the earnings performance of Exxon Mobil in its upcoming release. The company is slated to reveal its earnings on February 2, 2024. The company is predicted to post an EPS of $2.21, indicating a 35% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $91.81 billion, showing a 3.79% drop compared to the year-ago quarter.
It's also important for investors to be aware of any recent modifications to analyst estimates for Exxon Mobil. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.93% lower. As of now, Exxon Mobil holds a Zacks Rank of #3 (Hold).
With respect to valuation, Exxon Mobil is currently being traded at a Forward P/E ratio of 11.1. This indicates a premium in contrast to its industry's Forward P/E of 6.8.
It's also important to note that XOM currently trades at a PEG ratio of 3.7. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Oil and Gas - Integrated - International industry had an average PEG ratio of 0.83.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 110, finds itself in the top 44% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2217457/exxon-mobil-xom-advances-but-underperforms-market-key-facts
| 2024-01-30T03:16:00Z
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In the latest trading session, Broadcom Inc. (AVGO - Free Report) closed at $1,217.77, marking a +1.07% move from the previous day. This change outpaced the S&P 500's 0.76% gain on the day. Meanwhile, the Dow experienced a rise of 0.59%, and the technology-dominated Nasdaq saw an increase of 1.12%.
Shares of the chipmaker have appreciated by 7.94% over the course of the past month, outperforming the Computer and Technology sector's gain of 4.99% and the S&P 500's gain of 2.5%.
The investment community will be closely monitoring the performance of Broadcom Inc. in its forthcoming earnings report. The company is forecasted to report an EPS of $10.61, showcasing a 2.71% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $11.27 billion, reflecting a 26.37% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $47.87 per share and revenue of $50.07 billion, indicating changes of +13.3% and +39.8%, respectively, compared to the previous year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Broadcom Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been a 0.42% rise in the Zacks Consensus EPS estimate. Broadcom Inc. presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Broadcom Inc. is presently trading at a Forward P/E ratio of 25.17. This expresses a discount compared to the average Forward P/E of 30.02 of its industry.
It is also worth noting that AVGO currently has a PEG ratio of 1.98. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 3 based on yesterday's closing prices.
The Electronics - Semiconductors industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 107, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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https://www.zacks.com/stock/news/2217458/broadcom-inc-avgo-outpaces-stock-market-gains-what-you-should-know
| 2024-01-30T03:16:07Z
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Coca-Cola (KO - Free Report) closed the latest trading day at $59.73, indicating a +0.61% change from the previous session's end. This change lagged the S&P 500's 0.76% gain on the day. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
Heading into today, shares of the world's largest beverage maker had gained 0.75% over the past month, lagging the Consumer Staples sector's gain of 4.52% and the S&P 500's gain of 2.5% in that time.
Market participants will be closely following the financial results of Coca-Cola in its upcoming release. The company plans to announce its earnings on February 13, 2024. The company is expected to report EPS of $0.48, up 6.67% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $10.61 billion, showing a 4.78% escalation compared to the year-ago quarter.
Investors should also pay attention to any latest changes in analyst estimates for Coca-Cola. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Coca-Cola currently has a Zacks Rank of #2 (Buy).
In terms of valuation, Coca-Cola is currently trading at a Forward P/E ratio of 21.17. This expresses a premium compared to the average Forward P/E of 18.73 of its industry.
Also, we should mention that KO has a PEG ratio of 3.39. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Beverages - Soft drinks was holding an average PEG ratio of 2.25 at yesterday's closing price.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 84, finds itself in the top 34% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2217459/coca-cola-ko-increases-yet-falls-behind-market-what-investors-need-to-know
| 2024-01-30T03:16:13Z
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In the latest market close, Chevron (CVX - Free Report) reached $149.08, with a -0.04% movement compared to the previous day. The stock trailed the S&P 500, which registered a daily gain of 0.76%. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.
Shares of the oil company witnessed a loss of 0.01% over the previous month, beating the performance of the Oils-Energy sector with its loss of 2.82% and underperforming the S&P 500's gain of 2.5%.
The upcoming earnings release of Chevron will be of great interest to investors. The company's earnings report is expected on February 2, 2024. It is anticipated that the company will report an EPS of $3.31, marking a 19.07% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $52.59 billion, indicating a 6.87% decrease compared to the same quarter of the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Chevron. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 14.43% downward. Chevron currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Chevron is presently being traded at a Forward P/E ratio of 11.41. This represents a premium compared to its industry's average Forward P/E of 6.8.
One should further note that CVX currently holds a PEG ratio of 0.8. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Integrated - International was holding an average PEG ratio of 0.83 at yesterday's closing price.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 110, which puts it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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https://www.zacks.com/stock/news/2217460/chevron-cvx-stock-falls-amid-market-uptick-what-investors-need-to-know
| 2024-01-30T03:16:19Z
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Nucor (NUE - Free Report) came out with quarterly earnings of $3.16 per share, beating the Zacks Consensus Estimate of $2.83 per share. This compares to earnings of $4.89 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 11.66%. A quarter ago, it was expected that this steel company would post earnings of $4.26 per share when it actually produced earnings of $4.57, delivering a surprise of 7.28%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Nucor
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.
Nucor shares have added about 0.6% since the beginning of the year versus the S&P 500's gain of 2.5%.
What's Next for Nucor?
While Nucor 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 Nucor: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $3.33 on $7.85 billion in revenues for the coming quarter and $12.56 on $32.04 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Steel - Producers is currently in the top 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, United States Steel (X - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on February 1.
This steel maker is expected to post quarterly earnings of $0.25 per share in its upcoming report, which represents a year-over-year change of -71.3%. The consensus EPS estimate for the quarter has been revised 47.2% higher over the last 30 days to the current level.
United States Steel's revenues are expected to be $3.7 billion, down 14.7% from the year-ago quarter.
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https://www.zacks.com/stock/news/2217461/nucor-nue-q4-earnings-and-revenues-surpass-estimates
| 2024-01-30T03:16:29Z
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ServisFirst Bancshares (SFBS - Free Report) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.87 per share. This compares to earnings of $1.24 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 4.60%. A quarter ago, it was expected that this holding company for ServisFirst Bank would post earnings of $0.96 per share when it actually produced earnings of $0.98, delivering a surprise of 2.08%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
ServisFirst
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.
ServisFirst shares have lost about 0.2% since the beginning of the year versus the S&P 500's gain of 2.5%.
What's Next for ServisFirst?
While ServisFirst 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 ServisFirst: 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 $0.84 on $105.52 million in revenues for the coming quarter and $3.42 on $437.63 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the bottom 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the broader Zacks Finance sector, NNN REIT (NNN - Free Report) , has yet to report results for the quarter ended December 2023.
This retail real estate investment trust is expected to post quarterly earnings of $0.82 per share in its upcoming report, which represents a year-over-year change of +1.2%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.
NNN REIT's revenues are expected to be $208.04 million, up 5% from the year-ago quarter.
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https://www.zacks.com/stock/news/2217463/servisfirst-bancshares-sfbs-beats-q4-earnings-and-revenue-estimates
| 2024-01-30T03:16:35Z
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Allegiant Travel (ALGT - Free Report) closed the most recent trading day at $80.35, moving -0.69% from the previous trading session. This change lagged the S&P 500's 0.76% gain on the day. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.
The travel services company's shares have seen a decrease of 2.06% over the last month, surpassing the Transportation sector's loss of 2.7% and falling behind the S&P 500's gain of 2.5%.
Market participants will be closely following the financial results of Allegiant Travel in its upcoming release. The company plans to announce its earnings on February 5, 2024. On that day, Allegiant Travel is projected to report earnings of -$0.75 per share, which would represent a year-over-year decline of 123.66%. Meanwhile, our latest consensus estimate is calling for revenue of $601.47 million, down 1.65% from the prior-year quarter.
Any recent changes to analyst estimates for Allegiant Travel should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 7.87% higher. Right now, Allegiant Travel possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Allegiant Travel is currently exchanging hands at a Forward P/E ratio of 9.95. This indicates a premium in contrast to its industry's Forward P/E of 8.47.
The Transportation - Airline industry is part of the Transportation sector. At present, this industry carries a Zacks Industry Rank of 33, placing it within the top 14% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2217464/allegiant-travel-algt-stock-sinks-as-market-gains-what-you-should-know
| 2024-01-30T03:16:41Z
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Oceaneering International (OII - Free Report) closed the most recent trading day at $21.59, moving +0.37% from the previous trading session. This change lagged the S&P 500's 0.76% gain on the day. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.
The oilfield services company's shares have seen an increase of 1.08% over the last month, surpassing the Oils-Energy sector's loss of 2.82% and falling behind the S&P 500's gain of 2.5%.
Market participants will be closely following the financial results of Oceaneering International in its upcoming release. The company plans to announce its earnings on February 22, 2024. On that day, Oceaneering International is projected to report earnings of $0.23 per share, which would represent year-over-year growth of 283.33%. Meanwhile, our latest consensus estimate is calling for revenue of $631.99 million, up 17.86% from the prior-year quarter.
Any recent changes to analyst estimates for Oceaneering International should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.22% higher. Right now, Oceaneering International possesses a Zacks Rank of #1 (Strong Buy).
From a valuation perspective, Oceaneering International is currently exchanging hands at a Forward P/E ratio of 14.18. This indicates a discount in contrast to its industry's Forward P/E of 14.74.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 216, placing it within the bottom 15% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2217465/oceaneering-international-oii-gains-but-lags-market-what-you-should-know
| 2024-01-30T03:16:47Z
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The most recent trading session ended with Etsy (ETSY - Free Report) standing at $70.82, reflecting a +1.86% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily gain of 0.76%. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.
The online crafts marketplace's shares have seen a decrease of 14.21% over the last month, not keeping up with the Computer and Technology sector's gain of 4.99% and the S&P 500's gain of 2.5%.
The upcoming earnings release of Etsy will be of great interest to investors. In that report, analysts expect Etsy to post earnings of $0.78 per share. This would mark year-over-year growth of 1.3%. At the same time, our most recent consensus estimate is projecting a revenue of $826.71 million, reflecting a 2.41% rise from the equivalent quarter last year.
Investors should also pay attention to any latest changes in analyst estimates for Etsy. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 1.68% higher within the past month. Etsy is currently sporting a Zacks Rank of #3 (Hold).
From a valuation perspective, Etsy is currently exchanging hands at a Forward P/E ratio of 25.81. This valuation marks a premium compared to its industry's average Forward P/E of 25.05.
Investors should also note that ETSY has a PEG ratio of 7.57 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Internet - Services stocks are, on average, holding a PEG ratio of 2.45 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 110, this industry ranks in the top 44% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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https://www.zacks.com/stock/news/2217466/etsy-etsy-laps-the-stock-market-heres-why
| 2024-01-30T03:16:58Z
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In the latest trading session, Petrobras (PBR - Free Report) closed at $17.16, marking a +0.65% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
The oil and gas company's shares have seen an increase of 6.76% over the last month, surpassing the Oils-Energy sector's loss of 2.82% and the S&P 500's gain of 2.5%.
Investors will be eagerly watching for the performance of Petrobras in its upcoming earnings disclosure. The company is predicted to post an EPS of $0.99, indicating a 20.8% decline compared to the equivalent quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $26.54 billion, reflecting a 12.03% fall from the equivalent quarter last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Petrobras. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 4.41% decrease. Right now, Petrobras possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Petrobras is currently trading at a Forward P/E ratio of 4.84. Its industry sports an average Forward P/E of 4.83, so one might conclude that Petrobras is trading at a premium comparatively.
The Oil and Gas - Integrated - Emerging Markets industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 110, putting it in the top 44% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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https://www.zacks.com/stock/news/2217467/petrobras-pbr-rises-but-trails-market-what-investors-should-know
| 2024-01-30T03:17:04Z
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The latest trading session saw Photronics (PLAB - Free Report) ending at $30.47, denoting a +1.09% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily gain of 0.76%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
Shares of the electronics imaging company witnessed a loss of 3.92% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 4.99% and the S&P 500's gain of 2.5%.
Market participants will be closely following the financial results of Photronics in its upcoming release. The company's upcoming EPS is projected at $0.49, signifying a 22.5% increase compared to the same quarter of the previous year.
Investors should also note any recent changes to analyst estimates for Photronics. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Photronics is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, Photronics is currently trading at a Forward P/E ratio of 11.59. Its industry sports an average Forward P/E of 13.47, so one might conclude that Photronics is trading at a discount comparatively.
The Semiconductor Equipment - Photomasks industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 2, placing it within the top 1% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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https://www.zacks.com/stock/news/2217468/photronics-plab-outpaces-stock-market-gains-what-you-should-know
| 2024-01-30T03:17:10Z
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The latest trading session saw TransAlta (TAC - Free Report) ending at $7.46, denoting a -0.93% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
Shares of the power generation and marketing company witnessed a loss of 9.39% over the previous month, trailing the performance of the Utilities sector with its loss of 6.7% and the S&P 500's gain of 2.5%.
Market participants will be closely following the financial results of TransAlta in its upcoming release. The company plans to announce its earnings on February 23, 2024. The company's earnings per share (EPS) are projected to be $0.28, reflecting a 162.22% increase from the same quarter last year.
It is also important to note the recent changes to analyst estimates for TransAlta. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. TransAlta is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, TransAlta is presently being traded at a Forward P/E ratio of 16.25. This denotes a premium relative to the industry's average Forward P/E of 14.57.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 110, this industry ranks in the top 44% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow TAC in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2217469/transalta-tac-stock-declines-while-market-improves-some-information-for-investors
| 2024-01-30T03:17:16Z
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Gilead Sciences (GILD - Free Report) closed at $79.07 in the latest trading session, marking a -0.57% move from the prior day. This change lagged the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
The HIV and hepatitis C drugmaker's shares have seen a decrease of 1.84% over the last month, not keeping up with the Medical sector's gain of 1.57% and the S&P 500's gain of 2.5%.
Analysts and investors alike will be keeping a close eye on the performance of Gilead Sciences in its upcoming earnings disclosure. The company's earnings report is set to go public on February 6, 2024. The company's earnings per share (EPS) are projected to be $1.76, reflecting a 5.39% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.07 billion, down 4.25% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Gilead Sciences. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been a 0.28% fall in the Zacks Consensus EPS estimate. At present, Gilead Sciences boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Gilead Sciences is holding a Forward P/E ratio of 10.72. Its industry sports an average Forward P/E of 22.01, so one might conclude that Gilead Sciences is trading at a discount comparatively.
One should further note that GILD currently holds a PEG ratio of 0.95. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Medical - Biomedical and Genetics industry had an average PEG ratio of 1.83 as trading concluded yesterday.
The Medical - Biomedical and Genetics industry is part of the Medical sector. At present, this industry carries a Zacks Industry Rank of 96, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2217470/gilead-sciences-gild-stock-sinks-as-market-gains-heres-why
| 2024-01-30T03:17:23Z
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Lifetime Brands (LCUT - Free Report) closed at $7.70 in the latest trading session, marking a +0.13% move from the prior day. The stock lagged the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
The kitchen products company's shares have seen an increase of 14.6% over the last month, surpassing the Consumer Discretionary sector's gain of 1.72% and the S&P 500's gain of 2.5%.
Analysts and investors alike will be keeping a close eye on the performance of Lifetime Brands in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.32, reflecting a 45.45% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $196.69 million, down 5% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Lifetime Brands. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Lifetime Brands boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Lifetime Brands is holding a Forward P/E ratio of 9.61. Its industry sports an average Forward P/E of 15.08, so one might conclude that Lifetime Brands is trading at a discount comparatively.
One should further note that LCUT currently holds a PEG ratio of 0.69. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Consumer Products - Discretionary industry had an average PEG ratio of 1.11 as trading concluded yesterday.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 182, placing it within the bottom 28% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2217471/heres-why-lifetime-brands-lcut-gained-but-lagged-the-market-today
| 2024-01-30T03:17:29Z
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The most recent trading session ended with Red Robin (RRGB - Free Report) standing at $10.61, reflecting a +1.92% shift from the previouse trading day's closing. The stock's performance was ahead of the S&P 500's daily gain of 0.76%. Meanwhile, the Dow experienced a rise of 0.59%, and the technology-dominated Nasdaq saw an increase of 1.12%.
Prior to today's trading, shares of the casual restaurant chain had lost 16.52% over the past month. This has lagged the Retail-Wholesale sector's gain of 1.32% and the S&P 500's gain of 2.5% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Red Robin in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.43, marking a 68.15% rise compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $304.73 million, up 5.05% from the prior-year quarter.
Investors should also pay attention to any latest changes in analyst estimates for Red Robin. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Red Robin is currently sporting a Zacks Rank of #3 (Hold).
The Retail - Restaurants industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 169, positioning it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2217472/red-robin-rrgb-rises-higher-than-market-key-facts
| 2024-01-30T03:17:35Z
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In the latest market close, XPeng Inc. Sponsored ADR (XPEV - Free Report) reached $8.92, with a -0.56% movement compared to the previous day. The stock's performance was behind the S&P 500's daily gain of 0.76%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 1.12%.
Heading into today, shares of the company had lost 38.52% over the past month, lagging the Auto-Tires-Trucks sector's loss of 13.1% and the S&P 500's gain of 2.5% in that time.
The investment community will be closely monitoring the performance of XPeng Inc. Sponsored ADR in its forthcoming earnings report. The company is predicted to post an EPS of -$0.29, indicating a 21.62% growth compared to the equivalent quarter last year.
It is also important to note the recent changes to analyst estimates for XPeng Inc. Sponsored ADR. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 7.4% lower within the past month. XPeng Inc. Sponsored ADR is holding a Zacks Rank of #4 (Sell) right now.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 59, placing it within the top 24% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2217473/xpeng-inc-sponsored-adr-xpev-stock-sinks-as-market-gains-heres-why
| 2024-01-30T03:17:41Z
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In the latest market close, Biogen Inc. (BIIB - Free Report) reached $247.52, with a +1.1% movement compared to the previous day. This change outpaced the S&P 500's 0.76% gain on the day. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 1.12%.
Shares of the company have depreciated by 5.39% over the course of the past month, underperforming the Medical sector's gain of 1.57% and the S&P 500's gain of 2.5%.
The upcoming earnings release of Biogen Inc. will be of great interest to investors. The company's earnings report is expected on February 13, 2024. The company is forecasted to report an EPS of $3.14, showcasing a 22.47% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $2.46 billion, showing a 3.33% drop compared to the year-ago quarter.
Investors should also take note of any recent adjustments to analyst estimates for Biogen Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.02% lower. Biogen Inc. presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Biogen Inc. has a Forward P/E ratio of 15.53 right now. This signifies a discount in comparison to the average Forward P/E of 22.01 for its industry.
It is also worth noting that BIIB currently has a PEG ratio of 2.26. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Medical - Biomedical and Genetics industry held an average PEG ratio of 1.83.
The Medical - Biomedical and Genetics industry is part of the Medical sector. This industry, currently bearing a Zacks Industry Rank of 96, finds itself in the top 39% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2217474/biogen-inc-biib-laps-the-stock-market-heres-why
| 2024-01-30T03:17:48Z
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In the latest market close, Vertex Pharmaceuticals (VRTX - Free Report) reached $435.82, with a +1.31% movement compared to the previous day. This change outpaced the S&P 500's 0.76% gain on the day. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 1.12%.
Shares of the drugmaker have appreciated by 5.72% over the course of the past month, outperforming the Medical sector's gain of 1.57% and the S&P 500's gain of 2.5%.
The upcoming earnings release of Vertex Pharmaceuticals will be of great interest to investors. The company's earnings report is expected on February 5, 2024. The company is forecasted to report an EPS of $4.08, showcasing an 8.51% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $2.5 billion, showing an 8.52% escalation compared to the year-ago quarter.
Investors should also take note of any recent adjustments to analyst estimates for Vertex Pharmaceuticals. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.09% higher. Vertex Pharmaceuticals presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Vertex Pharmaceuticals has a Forward P/E ratio of 25.99 right now. This signifies a premium in comparison to the average Forward P/E of 22.01 for its industry.
It is also worth noting that VRTX currently has a PEG ratio of 2.53. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Medical - Biomedical and Genetics industry held an average PEG ratio of 1.83.
The Medical - Biomedical and Genetics industry is part of the Medical sector. This industry, currently bearing a Zacks Industry Rank of 96, finds itself in the top 39% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2217475/vertex-pharmaceuticals-vrtx-laps-the-stock-market-heres-why
| 2024-01-30T03:17:54Z
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In the latest market close, Wix.com (WIX - Free Report) reached $128.92, with a +0.24% movement compared to the previous day. The stock lagged the S&P 500's daily gain of 0.76%. Elsewhere, the Dow saw an upswing of 0.59%, while the tech-heavy Nasdaq appreciated by 1.12%.
Shares of the cloud-based web development company have appreciated by 4.54% over the course of the past month, underperforming the Computer and Technology sector's gain of 4.99% and outperforming the S&P 500's gain of 2.5%.
The investment community will be closely monitoring the performance of Wix.com in its forthcoming earnings report. In that report, analysts expect Wix.com to post earnings of $0.98 per share. This would mark year-over-year growth of 60.66%. Our most recent consensus estimate is calling for quarterly revenue of $402.61 million, up 13.4% from the year-ago period.
It's also important for investors to be aware of any recent modifications to analyst estimates for Wix.com. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Wix.com currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Wix.com is currently trading at a Forward P/E ratio of 27.57. This denotes a premium relative to the industry's average Forward P/E of 27.52.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 64, placing it within the top 26% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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https://www.zacks.com/stock/news/2217476/wixcom-wix-gains-but-lags-market-what-you-should-know
| 2024-01-30T03:18:00Z
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In the latest trading session, ConocoPhillips (COP - Free Report) closed at $111.60, marking a -0.56% move from the previous day. This change lagged the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
Heading into today, shares of the energy company had lost 3.31% over the past month, lagging the Oils-Energy sector's loss of 2.82% and the S&P 500's gain of 2.5% in that time.
Analysts and investors alike will be keeping a close eye on the performance of ConocoPhillips in its upcoming earnings disclosure. The company's earnings report is set to go public on February 8, 2024. In that report, analysts expect ConocoPhillips to post earnings of $2.19 per share. This would mark a year-over-year decline of 19.19%. Meanwhile, our latest consensus estimate is calling for revenue of $15.18 billion, down 21.2% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for ConocoPhillips. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 17.24% downward. ConocoPhillips is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that ConocoPhillips has a Forward P/E ratio of 11.73 right now. This valuation marks a discount compared to its industry's average Forward P/E of 12.91.
It is also worth noting that COP currently has a PEG ratio of 0.64. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Oil and Gas - Integrated - United States industry had an average PEG ratio of 0.53 as trading concluded yesterday.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 232, finds itself in the bottom 8% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow COP in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2217477/conocophillips-cop-stock-dips-while-market-gains-key-facts
| 2024-01-30T03:18:06Z
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In the latest market close, EnerSys (ENS - Free Report) reached $98.15, with a +1.21% movement compared to the previous day. This change outpaced the S&P 500's 0.76% gain on the day. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
Heading into today, shares of the maker of industrial batteries had lost 3.94% over the past month, lagging the Industrial Products sector's loss of 1.08% and the S&P 500's gain of 2.5% in that time.
The investment community will be closely monitoring the performance of EnerSys in its forthcoming earnings report. The company is scheduled to release its earnings on February 7, 2024. The company's earnings per share (EPS) are projected to be $2.55, reflecting a 100.79% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $896.77 million, down 2.55% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $8.59 per share and a revenue of $3.66 billion, representing changes of +60.86% and -1.19%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for EnerSys. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. EnerSys is currently a Zacks Rank #1 (Strong Buy).
From a valuation perspective, EnerSys is currently exchanging hands at a Forward P/E ratio of 11.29. Its industry sports an average Forward P/E of 20.65, so one might conclude that EnerSys is trading at a discount comparatively.
It's also important to note that ENS currently trades at a PEG ratio of 0.81. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. ENS's industry had an average PEG ratio of 1.88 as of yesterday's close.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 11, finds itself in the top 5% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow ENS in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2217478/enersys-ens-exceeds-market-returns-some-facts-to-consider
| 2024-01-30T03:18:13Z
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In the latest market close, Applied Materials (AMAT - Free Report) reached $168.48, with a +0.95% movement compared to the previous day. This change outpaced the S&P 500's 0.76% gain on the day. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
Heading into today, shares of the maker of chipmaking equipment had gained 2.98% over the past month, lagging the Computer and Technology sector's gain of 4.99% and outpacing the S&P 500's gain of 2.5% in that time.
The investment community will be closely monitoring the performance of Applied Materials in its forthcoming earnings report. The company's earnings per share (EPS) are projected to be $1.89, reflecting a 6.9% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $6.47 billion, down 3.95% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $7.56 per share and a revenue of $25.92 billion, representing changes of -6.09% and -2.26%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Applied Materials. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.63% higher. Applied Materials is currently a Zacks Rank #4 (Sell).
From a valuation perspective, Applied Materials is currently exchanging hands at a Forward P/E ratio of 22.08. Its industry sports an average Forward P/E of 25.84, so one might conclude that Applied Materials is trading at a discount comparatively.
It's also important to note that AMAT currently trades at a PEG ratio of 3.32. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. AMAT's industry had an average PEG ratio of 3.81 as of yesterday's close.
The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 192, finds itself in the bottom 24% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AMAT in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2217479/applied-materials-amat-exceeds-market-returns-some-facts-to-consider
| 2024-01-30T03:18:19Z
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The latest trading session saw Zoom Video Communications (ZM - Free Report) ending at $68.93, denoting a +1.76% adjustment from its last day's close. This change outpaced the S&P 500's 0.76% gain on the day. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 1.12%.
Heading into today, shares of the video-conferencing company had lost 5.8% over the past month, lagging the Computer and Technology sector's gain of 4.99% and the S&P 500's gain of 2.5% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Zoom Video Communications in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.15, reflecting a 5.74% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $1.13 billion, up 0.97% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.94 per share and a revenue of $4.51 billion, representing changes of +13.04% and +2.6%, respectively, from the prior year.
Any recent changes to analyst estimates for Zoom Video Communications should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Zoom Video Communications holds a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Zoom Video Communications is currently trading at a Forward P/E ratio of 13.72. Its industry sports an average Forward P/E of 35.19, so one might conclude that Zoom Video Communications is trading at a discount comparatively.
Investors should also note that ZM has a PEG ratio of 0.41 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Internet - Software industry currently had an average PEG ratio of 1.74 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 59, positioning it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2217480/why-zoom-video-communications-zm-outpaced-the-stock-market-today
| 2024-01-30T03:18:25Z
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Graphic Packaging (GPK - Free Report) ended the recent trading session at $25.91, demonstrating a -0.15% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a gain of 0.76% for the day. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
The packaging company's shares have seen an increase of 5.27% over the last month, surpassing the Industrial Products sector's loss of 1.08% and the S&P 500's gain of 2.5%.
Investors will be eagerly watching for the performance of Graphic Packaging in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 20, 2024. The company is predicted to post an EPS of $0.69, indicating a 16.95% growth compared to the equivalent quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $2.42 billion, up 1.61% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Graphic Packaging. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.93% higher within the past month. Currently, Graphic Packaging is carrying a Zacks Rank of #3 (Hold).
From a valuation perspective, Graphic Packaging is currently exchanging hands at a Forward P/E ratio of 9.24. This valuation marks a discount compared to its industry's average Forward P/E of 13.87.
It is also worth noting that GPK currently has a PEG ratio of 0.37. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Containers - Paper and Packaging industry had an average PEG ratio of 2.91.
The Containers - Paper and Packaging industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 110, positioning it in the top 44% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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https://www.zacks.com/stock/news/2217481/graphic-packaging-gpk-stock-declines-while-market-improves-some-information-for-investors
| 2024-01-30T03:18:31Z
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The most recent trading session ended with Paycom Software (PAYC - Free Report) standing at $195.92, reflecting a +1.09% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.76% gain on the day. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
The maker of human-resources and payroll software's stock has dropped by 6.25% in the past month, falling short of the Computer and Technology sector's gain of 4.99% and the S&P 500's gain of 2.5%.
Analysts and investors alike will be keeping a close eye on the performance of Paycom Software in its upcoming earnings disclosure. The company's earnings report is set to go public on February 7, 2024. The company is expected to report EPS of $1.78, up 2.89% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $422.59 million, up 14.02% from the year-ago period.
Investors should also pay attention to any latest changes in analyst estimates for Paycom Software. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.13% decrease. Paycom Software is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Paycom Software is currently trading at a Forward P/E ratio of 24.06. This represents a discount compared to its industry's average Forward P/E of 35.19.
It's also important to note that PAYC currently trades at a PEG ratio of 1.33. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Internet - Software industry currently had an average PEG ratio of 1.74 as of yesterday's close.
The Internet - Software industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 59, positioning it in the top 24% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2217482/paycom-software-payc-outperforms-broader-market-what-you-need-to-know
| 2024-01-30T03:18:37Z
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Scorpio Tankers (STNG - Free Report) ended the recent trading session at $70.75, demonstrating a -1.26% swing from the preceding day's closing price. This change lagged the S&P 500's daily gain of 0.76%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 1.12%.
The shipping company's shares have seen an increase of 17.84% over the last month, surpassing the Transportation sector's loss of 2.7% and the S&P 500's gain of 2.5%.
Market participants will be closely following the financial results of Scorpio Tankers in its upcoming release. The company is forecasted to report an EPS of $2.62, showcasing a 38.21% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $329.7 million, indicating a 28.37% decline compared to the corresponding quarter of the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Scorpio Tankers. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.34% higher within the past month. Scorpio Tankers currently has a Zacks Rank of #3 (Hold).
Investors should also note Scorpio Tankers's current valuation metrics, including its Forward P/E ratio of 7.2. Its industry sports an average Forward P/E of 7.67, so one might conclude that Scorpio Tankers is trading at a discount comparatively.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 37% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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https://www.zacks.com/stock/news/2217483/scorpio-tankers-stng-stock-dips-while-market-gains-key-facts
| 2024-01-30T03:18:44Z
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One sign that we’re in a resilient bull market presently is that we’ve strolled into a potentially thorny period of economic and earnings data with market levels up more than a week straight, and we keep climbing further into the green (decidedly as of this afternoon’s trading). Jobs Week, earnings reports from four of the so-called “Magnificent 7” market leaders from 2023, and a fresh Federal Open Market Committee (FOMC) meeting all await market participants from now til Friday, and thus far we haven’t batted an eyelash.
A sixth record closing high for the S&P 500 just this month/year alone ought to give a good impression of where the market’s collective head is at presently. The S&P gained +0.76% — led by all-time highs from Microsoft (MSFT - Free Report) , which reports fiscal Q2 earnings after tomorrow’s close — while the Nasdaq performed even better: +172 points, +1.12% on the day. The small-cap Russell 2000 won the day, +1.38%, while the blue-chip Dow brought up the rear, making +224 points for the session, +0.59%.
And the hits don’t stop there. Silicon Valley-based Super Micro (SMCI - Free Report) , after already having climbed +74% year to date and +59% from near-term lows on January 18th, outperformed recently raised guidance in its fiscal Q2 report released after today’s closing bell. Earnings of $5.59 per share outshone the upward guidance from two weeks ago, while revenues of $3.66 billion sped past the $3.21 billion in the Zacks consensus, on strong A.I. demand. Shares are up +6% at this hour, down from +7.4% immediately after the release; shares of Super Micro are up an incredible +587% since this time last year.
Cloud management network F5, Inc. (FFIV - Free Report) also easily outpaces fiscal Q1 expectations on both top and bottom lines this afternoon, posting earnings of $3.43 per share for a 40-cent beat, on quarterly sales of $693 million, which bettered the $687 million analysts were expecting. The mid-range on next-quarter revenue guidance has been raised to $695 million on the high end, while earnings per share for Q2 have come down a bit, to a range of $2.75-2.91 per share. F5 stock had jumped +10% on the news, and are currently trading +6.8% in the late session.
American appliances stalwart Whirlpool (WHR - Free Report) also beat estimates in Q4 for both revenues and earnings after the closing bell today, notching earnings per share of $3.85 from $3.64 expected (still four cents below the year-ago’s $3.89 per share) on $5.09 billion in quarterly sales, which topped the $5.05 billion consensus estimate. However, lower guidance for full year revenues have come down to $16.9 billion from north of $19 billion previously forecast, on further cost restructuring initiatives. Shares are down -4% on the news, and -23% from this time a year ago.
Tomorrow, we’ll see economic prints for Case-Shiller home prices, Job Openings and Labor Turnover Survey (JOLTS), and Consumer Confidence. We’ll see earnings for UPS (UPS - Free Report) and Pfizer (PFE - Free Report) ahead of Tuesday’s open, Microsoft and Alphabet (GOOGL - Free Report) after its close.
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https://www.zacks.com/stock/news/2217484/markets-stroll-higher-ahead-of-key-data-smci-ffiv-whr-beat
| 2024-01-30T03:18:50Z
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Calix (CALX - Free Report) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.37 per share. This compares to earnings of $0.34 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 16.22%. A quarter ago, it was expected that this cloud, software platforms, systems and services provider for communications service providers would post earnings of $0.36 per share when it actually produced earnings of $0.45, delivering a surprise of 25%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Calix
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.
Calix shares have lost about 1.7% since the beginning of the year versus the S&P 500's gain of 2.5%.
What's Next for Calix?
While Calix 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 Calix: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.38 on $267.9 million in revenues for the coming quarter and $1.66 on $1.12 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Software is currently in the top 24% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Paypal (PYPL - Free Report) , is yet to report results for the quarter ended December 2023. The results are expected to be released on February 7.
This technology platform and digital payments company is expected to post quarterly earnings of $1.36 per share in its upcoming report, which represents a year-over-year change of +9.7%. The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level.
Paypal's revenues are expected to be $7.88 billion, up 6.8% from the year-ago quarter.
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https://www.zacks.com/stock/news/2217485/calix-calx-q4-earnings-top-estimates
| 2024-01-30T03:18:56Z
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The latest trading session saw Patterson Cos. (PDCO - Free Report) ending at $30.05, denoting a +0.07% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
Heading into today, shares of the medical supplies maker had gained 5.55% over the past month, outpacing the Medical sector's gain of 1.57% and the S&P 500's gain of 2.5% in that time.
The upcoming earnings release of Patterson Cos. will be of great interest to investors. In that report, analysts expect Patterson Cos. to post earnings of $0.60 per share. This would mark a year-over-year decline of 3.23%. Our most recent consensus estimate is calling for quarterly revenue of $1.63 billion, up 2% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $2.38 per share and a revenue of $6.62 billion, representing changes of -1.65% and +2.31%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Patterson Cos. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.05% fall in the Zacks Consensus EPS estimate. Patterson Cos. is currently a Zacks Rank #5 (Strong Sell).
In terms of valuation, Patterson Cos. is currently trading at a Forward P/E ratio of 12.64. This signifies a discount in comparison to the average Forward P/E of 19.64 for its industry.
It's also important to note that PDCO currently trades at a PEG ratio of 1.51. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. PDCO's industry had an average PEG ratio of 1.9 as of yesterday's close.
The Medical - Dental Supplies industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 171, positioning it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow PDCO in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2217486/patterson-cos-pdco-rises-but-trails-market-what-investors-should-know
| 2024-01-30T03:19:02Z
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In the latest trading session, inTest Corporation (INTT - Free Report) closed at $12.56, marking a +1.05% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
Shares of the company witnessed a loss of 8.6% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 4.99% and the S&P 500's gain of 2.5%.
Market participants will be closely following the financial results of inTest Corporation in its upcoming release. The company is forecasted to report an EPS of $0.13, showcasing a 61.76% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $29.3 million, showing a 9.6% drop compared to the year-ago quarter.
It is also important to note the recent changes to analyst estimates for inTest Corporation. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Right now, inTest Corporation possesses a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that inTest Corporation has a Forward P/E ratio of 14.13 right now. For comparison, its industry has an average Forward P/E of 22.25, which means inTest Corporation is trading at a discount to the group.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 184, finds itself in the bottom 27% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2217487/intest-corporation-intt-surpasses-market-returns-some-facts-worth-knowing
| 2024-01-30T03:19:09Z
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The latest trading session saw Anheuser-Busch Inbev (BUD - Free Report) ending at $62.39, denoting a +0.48% adjustment from its last day's close. The stock's change was less than the S&P 500's daily gain of 0.76%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 1.12%.
Prior to today's trading, shares of the brewer had lost 3.92% over the past month. This has lagged the Consumer Staples sector's gain of 4.52% and the S&P 500's gain of 2.5% in that time.
The upcoming earnings release of Anheuser-Busch Inbev will be of great interest to investors. In that report, analysts expect Anheuser-Busch Inbev to post earnings of $0.80 per share. This would mark a year-over-year decline of 18.37%. Our most recent consensus estimate is calling for quarterly revenue of $15.34 billion, up 4.6% from the year-ago period.
Any recent changes to analyst estimates for Anheuser-Busch Inbev should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, there's been a 1.53% fall in the Zacks Consensus EPS estimate. Anheuser-Busch Inbev presently features a Zacks Rank of #3 (Hold).
Investors should also note Anheuser-Busch Inbev's current valuation metrics, including its Forward P/E ratio of 17.5. This indicates a premium in contrast to its industry's Forward P/E of 16.24.
Investors should also note that BUD has a PEG ratio of 1.76 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Beverages - Alcohol industry was having an average PEG ratio of 1.92.
The Beverages - Alcohol industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 87, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2217488/anheuser-busch-inbev-bud-rises-but-trails-market-what-investors-should-know
| 2024-01-30T03:19:15Z
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The most recent trading session ended with Monster Beverage (MNST - Free Report) standing at $55.59, reflecting a +0.27% shift from the previouse trading day's closing. This change lagged the S&P 500's 0.76% gain on the day. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
Coming into today, shares of the energy drink maker had lost 3.77% in the past month. In that same time, the Consumer Staples sector gained 4.52%, while the S&P 500 gained 2.5%.
Analysts and investors alike will be keeping a close eye on the performance of Monster Beverage in its upcoming earnings disclosure. On that day, Monster Beverage is projected to report earnings of $0.39 per share, which would represent year-over-year growth of 34.48%. Meanwhile, our latest consensus estimate is calling for revenue of $1.75 billion, up 15.4% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Monster Beverage. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.02% fall in the Zacks Consensus EPS estimate. Monster Beverage is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Monster Beverage's current valuation metrics, including its Forward P/E ratio of 30.78. This indicates a premium in contrast to its industry's Forward P/E of 18.73.
Investors should also note that MNST has a PEG ratio of 1.48 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Beverages - Soft drinks industry was having an average PEG ratio of 2.25.
The Beverages - Soft drinks industry is part of the Consumer Staples sector. This industry, currently bearing a Zacks Industry Rank of 84, finds itself in the top 34% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2217489/monster-beverage-mnst-rises-yet-lags-behind-market-some-facts-worth-knowing
| 2024-01-30T03:19:21Z
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Intuit (INTU - Free Report) closed the most recent trading day at $652.88, moving +1.8% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.76%. Meanwhile, the Dow experienced a rise of 0.59%, and the technology-dominated Nasdaq saw an increase of 1.12%.
Shares of the maker of TurboTax, QuickBooks and other accounting software witnessed a gain of 2.61% over the previous month, trailing the performance of the Computer and Technology sector with its gain of 4.99% and outperforming the S&P 500's gain of 2.5%.
The upcoming earnings release of Intuit will be of great interest to investors. In that report, analysts expect Intuit to post earnings of $2.29 per share. This would mark year-over-year growth of 4.09%. Meanwhile, the latest consensus estimate predicts the revenue to be $3.39 billion, indicating a 11.36% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $16.38 per share and revenue of $16.04 billion, indicating changes of +13.75% and +11.63%, respectively, compared to the previous year.
It is also important to note the recent changes to analyst estimates for Intuit. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. Currently, Intuit is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Intuit is holding a Forward P/E ratio of 39.16. This indicates a premium in contrast to its industry's Forward P/E of 33.95.
It's also important to note that INTU currently trades at a PEG ratio of 2.65. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Computer - Software stocks are, on average, holding a PEG ratio of 2.33 based on yesterday's closing prices.
The Computer - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 87, putting it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2217490/intuit-intu-beats-stock-market-upswing-what-investors-need-to-know
| 2024-01-30T03:19:27Z
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The latest trading session saw Plains All American Pipeline (PAA - Free Report) ending at $16.20, denoting a -0.61% adjustment from its last day's close. This move lagged the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
Heading into today, shares of the oil and gas transportation and storage company had gained 7.59% over the past month, outpacing the Oils-Energy sector's loss of 2.82% and the S&P 500's gain of 2.5% in that time.
The upcoming earnings release of Plains All American Pipeline will be of great interest to investors. The company's earnings report is expected on February 9, 2024. In that report, analysts expect Plains All American Pipeline to post earnings of $0.37 per share. This would mark year-over-year growth of 12.12%. Our most recent consensus estimate is calling for quarterly revenue of $18.41 billion, up 42.13% from the year-ago period.
It's also important for investors to be aware of any recent modifications to analyst estimates for Plains All American Pipeline. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 2.01% decrease. Right now, Plains All American Pipeline possesses a Zacks Rank of #3 (Hold).
In the context of valuation, Plains All American Pipeline is at present trading with a Forward P/E ratio of 12.84. This represents a premium compared to its industry's average Forward P/E of 12.67.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 81, positioning it in the top 33% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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https://www.zacks.com/stock/news/2217491/plains-all-american-pipeline-paa-stock-declines-while-market-improves-some-information-for-investors
| 2024-01-30T03:19:34Z
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Booking Holdings (BKNG - Free Report) closed at $3,553.88 in the latest trading session, marking a +0.97% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.76%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 1.12%.
Heading into today, shares of the online booking service had lost 0.78% over the past month, lagging the Retail-Wholesale sector's gain of 1.32% and the S&P 500's gain of 2.5% in that time.
The upcoming earnings release of Booking Holdings will be of great interest to investors. The company's earnings report is expected on February 22, 2024. The company's earnings per share (EPS) are projected to be $29.62, reflecting a 19.73% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $4.64 billion, up 14.68% from the prior-year quarter.
Investors should also take note of any recent adjustments to analyst estimates for Booking Holdings. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.58% higher. At present, Booking Holdings boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Booking Holdings is presently trading at a Forward P/E ratio of 19.72. This expresses a discount compared to the average Forward P/E of 19.74 of its industry.
Investors should also note that BKNG has a PEG ratio of 0.99 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Internet - Commerce industry stood at 0.59 at the close of the market yesterday.
The Internet - Commerce industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 107, putting it in the top 43% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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https://www.zacks.com/stock/news/2217492/booking-holdings-bkng-outperforms-broader-market-what-you-need-to-know
| 2024-01-30T03:19:40Z
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Global Partners LP (GLP - Free Report) closed the most recent trading day at $46.18, moving -0.39% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.76%. At the same time, the Dow added 0.59%, and the tech-heavy Nasdaq gained 1.12%.
The company's shares have seen an increase of 9.57% over the last month, surpassing the Oils-Energy sector's loss of 2.82% and the S&P 500's gain of 2.5%.
Market participants will be closely following the financial results of Global Partners LP in its upcoming release. The company is forecasted to report an EPS of $0.96, showcasing a 37.66% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $4.39 billion, showing a 0.76% drop compared to the year-ago quarter.
It's also important for investors to be aware of any recent modifications to analyst estimates for Global Partners LP. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 6.71% fall in the Zacks Consensus EPS estimate. At present, Global Partners LP boasts a Zacks Rank of #5 (Strong Sell).
Looking at valuation, Global Partners LP is presently trading at a Forward P/E ratio of 11.92. This signifies a discount in comparison to the average Forward P/E of 13.83 for its industry.
The Oil and Gas - Refining and Marketing - Master Limited Partnerships industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 227, putting it in the bottom 10% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2217493/global-partners-lp-glp-stock-sinks-as-market-gains-what-you-should-know
| 2024-01-30T03:19:46Z
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Ligand Pharmaceuticals (LGND - Free Report) closed at $75.06 in the latest trading session, marking a -1.82% move from the prior day. This change lagged the S&P 500's daily gain of 0.76%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 1.12%.
Heading into today, shares of the drugmaker had gained 7.04% over the past month, outpacing the Medical sector's gain of 1.57% and the S&P 500's gain of 2.5% in that time.
Investors will be eagerly watching for the performance of Ligand Pharmaceuticals in its upcoming earnings disclosure. In that report, analysts expect Ligand Pharmaceuticals to post earnings of $0.58 per share. This would mark a year-over-year decline of 57.35%. Meanwhile, our latest consensus estimate is calling for revenue of $24.54 million, down 51.29% from the prior-year quarter.
Investors should also pay attention to any latest changes in analyst estimates for Ligand Pharmaceuticals. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Ligand Pharmaceuticals boasts a Zacks Rank of #4 (Sell).
Investors should also note Ligand Pharmaceuticals's current valuation metrics, including its Forward P/E ratio of 17.3. This indicates a discount in contrast to its industry's Forward P/E of 22.01.
The Medical - Biomedical and Genetics industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 96, positioning it in the top 39% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2217494/ligand-pharmaceuticals-lgnd-stock-sinks-as-market-gains-what-you-should-know
| 2024-01-30T03:19:53Z
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In the latest market close, Transocean (RIG - Free Report) reached $5.77, with a +1.05% movement compared to the previous day. This move outpaced the S&P 500's daily gain of 0.76%. Elsewhere, the Dow gained 0.59%, while the tech-heavy Nasdaq added 1.12%.
Shares of the offshore oil and gas drilling contractor have depreciated by 10.08% over the course of the past month, underperforming the Oils-Energy sector's loss of 2.82% and the S&P 500's gain of 2.5%.
The investment community will be paying close attention to the earnings performance of Transocean in its upcoming release. The company's upcoming EPS is projected at -$0.22, signifying a 55.1% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $771.5 million, indicating a 23.44% increase compared to the same quarter of the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Transocean. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5% lower. Transocean is currently a Zacks Rank #3 (Hold).
Looking at valuation, Transocean is presently trading at a Forward P/E ratio of 35.06. This expresses a premium compared to the average Forward P/E of 11.62 of its industry.
The Oil and Gas - Drilling industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 226, putting it in the bottom 11% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2217495/why-transocean-rig-outpaced-the-stock-market-today
| 2024-01-30T03:19:59Z
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The latest trading session saw Roblox (RBLX - Free Report) ending at $41.18, denoting a +1.91% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily gain of 0.76%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
Coming into today, shares of the online gaming platform had lost 11.61% in the past month. In that same time, the Consumer Discretionary sector gained 1.72%, while the S&P 500 gained 2.5%.
The investment community will be closely monitoring the performance of Roblox in its forthcoming earnings report. The company is scheduled to release its earnings on February 7, 2024. On that day, Roblox is projected to report earnings of -$0.57 per share, which would represent a year-over-year decline of 18.75%. Meanwhile, our latest consensus estimate is calling for revenue of $1.08 billion, up 19.6% from the prior-year quarter.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Roblox. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.23% lower. Roblox is currently sporting a Zacks Rank of #4 (Sell).
The Gaming industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 107, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2217496/roblox-rblx-surpasses-market-returns-some-facts-worth-knowing
| 2024-01-30T03:20:05Z
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Cheniere Energy (LNG - Free Report) ended the recent trading session at $166.61, demonstrating a -0.66% swing from the preceding day's closing price. This change lagged the S&P 500's 0.76% gain on the day. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
Heading into today, shares of the natural gas company had lost 1.75% over the past month, outpacing the Oils-Energy sector's loss of 2.82% and lagging the S&P 500's gain of 2.5% in that time.
Market participants will be closely following the financial results of Cheniere Energy in its upcoming release. The company plans to announce its earnings on February 22, 2024. The company is predicted to post an EPS of $2.70, indicating an 82.89% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $4.5 billion, showing a 50.5% drop compared to the year-ago quarter.
Investors should also take note of any recent adjustments to analyst estimates for Cheniere Energy. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 2.49% lower within the past month. Right now, Cheniere Energy possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Cheniere Energy is holding a Forward P/E ratio of 16.71. This expresses a premium compared to the average Forward P/E of 8.42 of its industry.
Investors should also note that LNG has a PEG ratio of 0.63 right now. 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. Oil and Gas - Exploration and Production - United States stocks are, on average, holding a PEG ratio of 0.66 based on yesterday's closing prices.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 249, putting it in the bottom 2% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2217497/cheniere-energy-lng-stock-falls-amid-market-uptick-what-investors-need-to-know
| 2024-01-30T03:20:23Z
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Cigna (CI - Free Report) ended the recent trading session at $298.88, demonstrating a +0.36% swing from the preceding day's closing price. This change lagged the S&P 500's 0.76% gain on the day. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
Heading into today, shares of the health insurer had lost 0.54% over the past month, lagging the Medical sector's gain of 1.57% and the S&P 500's gain of 2.5% in that time.
Market participants will be closely following the financial results of Cigna in its upcoming release. The company plans to announce its earnings on February 2, 2024. The company is predicted to post an EPS of $6.52, indicating a 31.45% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $48.82 billion, showing a 6.73% escalation compared to the year-ago quarter.
Investors should also take note of any recent adjustments to analyst estimates for Cigna. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.34% lower within the past month. Right now, Cigna possesses a Zacks Rank of #3 (Hold).
Looking at its valuation, Cigna is holding a Forward P/E ratio of 10.54. This expresses a discount compared to the average Forward P/E of 12.19 of its industry.
Investors should also note that CI has a PEG ratio of 0.94 right now. 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. Medical - HMOs stocks are, on average, holding a PEG ratio of 0.98 based on yesterday's closing prices.
The Medical - HMOs industry is part of the Medical sector. This group has a Zacks Industry Rank of 202, putting it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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https://www.zacks.com/stock/news/2217498/cigna-ci-increases-yet-falls-behind-market-what-investors-need-to-know
| 2024-01-30T03:20:30Z
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DocuSign (DOCU - Free Report) closed the latest trading day at $63.35, indicating a +1.15% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily gain of 0.76%. Meanwhile, the Dow experienced a rise of 0.59%, and the technology-dominated Nasdaq saw an increase of 1.12%.
Coming into today, shares of the provider of electronic signature technology had gained 5.35% in the past month. In that same time, the Business Services sector gained 0.44%, while the S&P 500 gained 2.5%.
Analysts and investors alike will be keeping a close eye on the performance of DocuSign in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.64, reflecting a 1.54% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $698.05 million, up 5.83% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.87 per share and a revenue of $2.75 billion, indicating changes of +41.38% and +9.21%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for DocuSign. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. DocuSign is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note DocuSign's current valuation metrics, including its Forward P/E ratio of 21.85. This represents a discount compared to its industry's average Forward P/E of 24.5.
We can also see that DOCU currently has a PEG ratio of 1.44. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Technology Services industry currently had an average PEG ratio of 1.48 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 75, putting it in the top 30% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2217499/docusign-docu-exceeds-market-returns-some-facts-to-consider
| 2024-01-30T03:20:36Z
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The most recent trading session ended with TJX (TJX - Free Report) standing at $96.41, reflecting a +0.03% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily gain of 0.76%. On the other hand, the Dow registered a gain of 0.59%, and the technology-centric Nasdaq increased by 1.12%.
Shares of the parent of T.J. Maxx, Marshalls and other stores have appreciated by 2.74% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 1.32% and the S&P 500's gain of 2.5%.
The investment community will be paying close attention to the earnings performance of TJX in its upcoming release. It is anticipated that the company will report an EPS of $1.11, marking a 24.72% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $16.14 billion, showing a 11.15% escalation compared to the year-ago quarter.
TJX's full-year Zacks Consensus Estimates are calling for earnings of $3.75 per share and revenue of $53.95 billion. These results would represent year-over-year changes of +20.58% and +8.03%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for TJX. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% higher. Currently, TJX is carrying a Zacks Rank of #2 (Buy).
Digging into valuation, TJX currently has a Forward P/E ratio of 25.69. This valuation marks a premium compared to its industry's average Forward P/E of 23.93.
It's also important to note that TJX currently trades at a PEG ratio of 2.28. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Retail - Discount Stores industry had an average PEG ratio of 2.28 as trading concluded yesterday.
The Retail - Discount Stores industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 64, positioning it in the top 26% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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https://www.zacks.com/stock/news/2217500/tjx-tjx-ascends-but-remains-behind-market-some-facts-to-note
| 2024-01-30T03:20:42Z
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