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Johnson Outdoors Inc. (JOUT - Free Report) is scheduled to report first-quarter fiscal 2024 results on Feb 2, before market open.
In the last reported quarter, the company’s earnings and net sales missed the Zacks Consensus Estimate by 387.5% and 20.4%, respectively. Also, the metrics declined on a year-over-year basis.
The Trend in Estimate Revision
For the quarter to be reported, the Zacks Consensus Estimate for earnings per share remained unchanged at 15 cents in the past seven days. The estimated figure indicates a 73.7% decline from the year-ago quarter’s levels.
The consensus mark for net sales is pegged at $140.4 million, suggesting a 21.3% decline from the year-ago reported figure of $178.3 million.
Key Factors to Note
Johnson Outdoors’ fiscal first-quarter net sales are likely to decline year over year due to moderating pandemic-driven demand and elevated retail inventories impacting the Camping and Watercraft Recreation business.
The company's bottom line is likely to have been affected by deferred compensation expenses related to marketing plan assets to market. Elevated warranty expenses and professional services costs are a concern as well.
Nonetheless, JOUT is focused on strengthening its operating margins through an active cost-saving program and prudent expense management. This and the emphasis on new product introduction is expected to have partially offset the adverse impact of these headwinds.
What the Zacks Model Unveils
Our proven model doesn’t conclusively predict an earnings beat for Johnson Outdoors this time. That is because a stock needs to have 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: The company 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: JOUT carries a Zacks Rank #5 (Strong Sell). You can see the complete list of today’s Zacks #1 Rank stocks here.
Stocks Poised to Beat on Earnings
Here are some stocks from the Zacks Consumer Discretionary sector that investors may consider, as our model shows that these have the right combination of elements to post an earnings beat:
MGM Resorts International (MGM - Free Report) has an Earnings ESP of +14.99% and a Zacks Rank #3.
Shares of MGM Resorts have increased 5.9% in the past year. MGM’s earnings beat estimates in each of the trailing four quarters, the average surprise being 292.7%.
Boyd Gaming Corporation (BYD - Free Report) has an Earnings ESP of +1.10% and a Zacks Rank #3.
Shares of Boyd Gaming have gained 3.7% in the past year. BYD’s earnings beat estimates in three of the trailing four quarters and missed once, the average surprise being 6.9%.
Hasbro, Inc. (HAS - Free Report) has an Earnings ESP of +5.05% and a Zacks Rank #3.
Hasbro’s shares have declined 13.1% in the past year. HAS’ earnings beat estimates in two of the trailing four quarters and missed twice, the negative surprise being 22.4%, on average.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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https://www.zacks.com/stock/news/2218219/heres-what-to-expect-from-johnson-outdoors-jout-q1-earnings
| 2024-01-31T00:08:31Z
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AbbVie (ABBV - Free Report) will report fourth-quarter 2023 results on Feb 2, before market open. In the last reported quarter, the company delivered an earnings surprise of 3.15%.
Factors to Consider
AbbVie’s top line is expected to have been driven by sales of new immunology drugs, Skyrizi and Rinvoq, which registered strong growth in the past few quarters. The upside can be attributed to label expansions of both drugs to allow use in new patient populations in the past few quarters. This trend is expected to have continued in the to-be-reported quarter.
The Zacks Consensus Estimate and our model estimates for Skyrizi are pegged at $2.41 billion and $2.38 billion, respectively.
The Zacks Consensus Estimate and our model estimates for Rinvoq are pegged at $1.19 billion and $1.15 billion, respectively.
Growth in Rinvoq and Skyrizi sales is expected to partially make up for the fall in sales of the flagship drug Humira, which lost exclusivity in the United States last year. Several companies, like Amgen, Boehringer Ingelheim, Samsung Bioepis and Sandoz, have launched Humira biosimilars. These are significantly eroding sales, which are likely to persist in the upcoming quarters. The drug already lost exclusivity in ex-U.S. territories following the launch of generics in 2018.
The Zacks Consensus Estimate for Humira sales is pegged at $3.18 billion, while our model estimate for the same stands at around $3.19 billion.
In the hematologic oncology segment, AbbVie markets two drugs, Imbruvica and Venclexta, in partnership with J&J and Roche, respectively.
We expect J&J-partnered Imbruvica sales to decline due to novel oral therapies hurting the drug’s sales. The Zacks Consensus Estimate and our model estimates for the drug’s sales are pegged at $853 million and $836 million, respectively.
Roche-partnered Venclexta sales are likely to rise as new patient starts are expected to improve. The Zacks Consensus Estimate and our model estimates for the drug’s sales are pegged at $581 million and $576 million, respectively.
In the aesthetics franchise, we expect overall sales to rise slightly as we expect a slight recovery in demand for Botox and Juvederm sales. The Zacks Consensus Estimate and our model estimate for aesthetics product sales are pegged at $1.35 billion and $1.36 billion, respectively.
Sales of the neuroscience franchise have shown strong growth in recent quarters, with sales likely to be driven by the recently approved migraine drugs — Ubrelvy and Qulipta. The Zacks Consensus Estimate and our model estimate suggest neuroscience product sales to be pegged at $2.11 billion.
Investors are likely to forward questions regarding updates on new product launches.
Key Development in Q4
During fourth-quarter 2023, AbbVie announced two back-to-back acquisitions — Cerevel Therapeutics for $8.7 billion and ImmunoGen for $10.1 billion. Through these two deals, the company expects to strengthen its neuroscience and oncology pipeline, respectively. Both transactions are expected to be completed in mid-2024.
Investors are likely to raise questions regarding management’s future plans for the products that will be added through these acquisitions.
Earnings Surprise History
AbbVie’s performance has been impressive, with its earnings beating estimates in each of the trailing four quarters. The company has a trailing four-quarter earnings surprise of 2.49%, on average.
In the past year, AbbVie’s shares have gained 10.9% year to date compared with the industry’s 18.9% growth.
Image Source: Zacks Investment Research
Earnings Whispers
Our proven model does not conclusively predict an earnings beat for AbbVie 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, which is not the case here, as you will see below. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Earnings ESP: AbbVie has an Earnings ESP of -0.97%. The Most Accurate Estimate of $2.76 per share is lower than the Zacks Consensus Estimate of $2.79.
Zacks Rank: AbbVie currently carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
Stock to Consider
Here are some biotech/large-cap stocks that have the right combination of elements to beat on earnings this time around:
AstraZeneca (AZN - Free Report) has an Earnings ESP of +3.17% and a Zacks Rank #3.
AstraZeneca’s stock has gained 2.1% in the past year. AstraZeneca beat earnings estimates in all the last four quarters. AZN delivered a four-quarter earnings surprise of 8.30%, on average. AstraZeneca is scheduled to release its fourth-quarter results on Feb 8.
BioMarin (BMRN - Free Report) has an Earnings ESP of +9.45% and a Zacks Rank #3.
BioMarin’s stock has lost 20.0% in the past year. BioMarin beat earnings estimates in three of the last four quarters while missing out on one occasion. BMRN delivered a four-quarter earnings surprise of 11.68%, on average.
Merck (MRK - Free Report) has an Earnings ESP of +23.45% and a Zacks Rank #3.
In the past year, Merck’s stock has risen 14.3%. Merck beat earnings estimates in all the last four quarters. MRK delivered a four-quarter earnings surprise of 5.80%, on average. Merck is scheduled to release fourth-quarter results on Feb 1, before market open.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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https://www.zacks.com/stock/news/2218222/abbvie-abbv-to-report-q4-earnings-whats-in-the-cards?-
| 2024-01-31T00:08:37Z
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Neogen Corporation (NEOG - Free Report) is well poised to gain in the coming quarters, backed by core growth in Food Safely and strong prospects in Animal Safety despite the near-term challenges of lower volumes and inventory levels in end markets. Weak solvency and stiff rivalry are a concern.
In the past three months, this Zacks Rank #3 (Hold) stock has gained 8.3% compared with 24.7% rise of the industry and a 17.8% increase of the S&P 500.
The renowned food and animal safety products provider has a market capitalization of $3.49 billion. The company has an estimated earnings growth rate of 38.2% for the fiscal 2025 compared with the industry’s 23%. In the trailing four quarters, NEOG delivered an average earnings surprise of 47.98%.
Let’s delve deeper.
Factors at Play
Animal Safety Has Strong Prospects: Neogen’s Animal Safety segment is gaining from strong performances of a complete line of consumable products marketed to veterinarians and animal health product distributors.
The Animal Safety business continues to grow, led by sales of vet instruments and disposables and a new line of business with a large retail customer. Within the biosecurity portfolio, Neogen continues to grow solidly in cleaners, disinfectants and rodenticides.
Food Safety Sales Growth Continues: The Neogen Food Safety segment is primarily engaged in the development, production and marketing of diagnostic test kits, culture media and related products used by food producers and processors to detect harmful natural toxins, foodborne bacteria, allergens and levels of general sanitation.
Image Source: Zacks Investment Research
Regarding the latest development, revenues in the Food Safety segment in the fiscal second quarter increased 1.9% from the prior year’s levels — including core growth of 0.7%. Core growth within the segment was led by the Bacterial & General Sanitation product category, which benefited from new business wins and increased distributor orders for the company’s pathogen detection products.
Product Launches: In the fiscal second quarter, the company launched its new ERP system and initiated the exit of its transition services agreements. The company has also launched the Veratox VIP assay for the detection of walnuts, the third assay in Neogen’s Veratox VIP line of enhanced quantitative ELISA products. In January 2024, the company launched the SureKill Gel Bait Pro Applicator, which allows users to easily target inconvenient and challenging areas while minimizing bait waste and innovating baiting protocols.
Earlier in August 2023, Neogen launched Igenity Enhanced Dairy, a new and progressive genomic data management tool. The same month, Neogen launched an extensive selection of new genetic tests through Paw Print Genetics and Canine HealthCheck solutions.
Downsides
Weak Solvency: Neogen exited the second quarter of fiscal 2024 with cash and investments of $230 million, down from $239 million at the end of the first quarter of fiscal 2024. At the fiscal second quarter’s end, the company had a total long-term debt of $887 million, nearly unchanged from the fiscal first-quarter level. The outstanding debt is much higher than the cash at hand, indicating weak solvency.
Currency Headwinds: Neogen’s international business continues to be impacted by currency movements. When the magnitude of the pandemic became evident and as it began moving around the world, there was a move toward the safety of the U.S. dollar, negatively impacting local currencies in the company’s international locations, particularly those where outbreaks were less controlled.
Estimate Trend
In the past 90 days, the Zacks Consensus Estimate for Neogen’s earnings for 2024 has moved down from 59 cents to 55 cents.
The Zacks Consensus Estimate for 2024 revenues is pegged at $939.5 million, suggesting a 14.2% rise from the 2023 reported number.
Other Key Picks
Some better-ranked stocks to consider in the broader medical space are Universal Health Services (UHS - Free Report) , Integer Holdings Corporation (ITGR - Free Report) and Acadia Healthcare (ACHC - Free Report) .
Universal Health Services, carrying a Zacks Rank #2 (Buy) at present, has an estimated growth rate of 4.4% for 2024. UHS’s earnings surpassed estimates in all the trailing four quarters, delivering an average surprise of 5.47%. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
UHS’ shares have inched up 6.5% in the past year compared with the industry’s 11.8% rise.
Integer Holdings, presently carrying a Zacks Rank of 2, has an estimated long-term growth rate of 15.8%. ITGR’s earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 11.9%.
Integer Holdings’ shares have rallied 54.8% in the past year against the industry’s 3.5% decline.
Acadia Healthcare, carrying a Zacks Rank of 2 at present, has an estimated long-term growth rate of 10.4%. ACHC’s long-term earnings are expected to grow at 11.2%.
Acadia Healthcare’s shares have gained 7.5% in the past six months compared with the industry’s rise of 5.5%.
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https://www.zacks.com/stock/news/2218223/heres-why-you-should-retain-neogen-neog-stock-for-now
| 2024-01-31T00:08:43Z
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Microchip Technology (MCHP - Free Report) is set to release its third-quarter fiscal 2024 results on Feb 1.
Microchip had originally expected net sales to be $1.8-$1.916 billion for the third quarter of fiscal 2024, suggesting a decline between 15% and 20% on a sequential basis. Non-GAAP earnings were anticipated between $1.09 per share and $1.17.
The company later revised its guidance on Jan 8, 2024, and announced that it now expects its revenue to decline by 22% sequentially in the third quarter of fiscal 2024.
The Zacks Consensus Estimate for fiscal third-quarter earnings is currently pegged at $1.06 per share, down 6.2% in the past 30 days and suggesting a 32.05% year-over-year decline.
The consensus estimate for revenues is pegged at $1.79 billion, suggesting a decline of 17.44% year over year.
Microchip’s earnings beat the Zacks Consensus Estimate in two of the trailing four quarters and are in line in the remaining two, delivering an earnings surprise of 0.47%, on average.
Let’s see how things have shaped up for the company prior to this announcement.
Factors to Note
Microchip expects third-quarter fiscal 2024 revenues to decline.
It has been suffering from a slowdown in business due to increasing uncertainty, slowing economic activity and an increase in inventory. Persistent inflation and high interest rates have been detrimental to the company’s prospects.
Despite these challenges, Microchip’s consistent strength in its analog and mixed-signal microcontroller businesses is expected to have contributed in the to-be-reported quarter.
MCHP's robust portfolio of its 8, 16, and 32-bit microcontrollers and its widespread adoption is expected to have bolstered MCHP's performance in the fiscal third quarter.
Microchip's expanded portfolio, including the PIC16F13145 MCU family, PIC18-Q24 MCU family, PIC18 Q20 product line, and MPLAB Machine Learning Development suite, is poised to enhance its long-term prospects.
What Our Model Says
Per the Zacks model, 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’s not the case here.
Microchip has an Earnings ESP of -3.64% and a Zacks Rank #5 (Strong Sell) currently. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Stocks to Consider
Here are some companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:
Meta Platform (META - Free Report) has an Earnings ESP of +0.51% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Meta Platform is set to announce fourth-quarter 2023 results on Feb 1. META’s shares are up 25.9% in the past six months.
Twilio (TWLO - Free Report) has an Earnings ESP of +31.37% and a Zacks Rank #2.
Twilo is set to announce fourth-quarter 2023 results on Feb 14. TWLO’s shares have gained 13% in the past six months.
Bill Holdings (BILL - Free Report) has an Earnings ESP of +6.17% and a Zacks Rank #3.
Bill Holdings is set to announce second-quarter fiscal 2024 results on Feb 8. BILL’s shares have declined 36.2% in the past six months.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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Twilio Inc. (TWLO) - free report >>
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https://www.zacks.com/stock/news/2218224/microchip-mchp-to-report-q3-earnings-whats-in-the-cards?
| 2024-01-31T00:08:50Z
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Sysco Corporation (SYY - Free Report) reported second-quarter fiscal 2024 results, with the top and the bottom line increasing year over year. Earnings surpassed the Zacks Consensus Estimate, while sales missed the same. Results were backed by improvements in volume growth, supply chain productivity and efficient implementation of structural cost-out action.
For fiscal 2024, management still envisions sales to increase in the mid-single digits to roughly $80 billion. Adjusted earnings per share or EPS are expected to grow 5-10% to the $4.20-$4.40 band.
Quarter in Detail
Sysco’s adjusted earnings of 89 cents per share surpassed the Zacks Consensus Estimate of 88 cents. The bottom line rose 11.3% from the year-ago quarter’s figure.
The global food product maker and distributor reported sales of $19,287.9 million, which jumped 3.7% year over year, though it fell short of the Zacks Consensus Estimate of $19,295.4 million. Sales growth was driven by improving volumes and favorable operating leverage.
The gross profit jumped 4.9% to $3,513.6 million and the gross margin expanded 21 basis points (bps) to 18.2%. The upside was mainly driven by elevated volumes, efficient product cost inflation management and progress in the company’s strategic sourcing efforts.
SYY witnessed product cost inflation of 1.1%, measured by the estimated change in product costs, mainly in the meat and frozen categories.
Operating expenses rose 3.9% year over year due to cost inflation and increased volumes. These were somewhat offset by greater productivity. Adjusted operating expenses rose 3.8% year over year. The adjusted operating income of $744.9 million increased 9.2% from the year-ago period’s levels. The adjusted operating margin increased 19 bps to 3.9%.
Segment Details
U.S. Foodservice Operations: In the reported quarter, sales rose 3.2% to $13,494.4 million. The upside can be attributed to improved volumes and effective margin management. Local case volumes within U.S. Foodservice grew 2.9%, while total case volumes within U.S. Foodservice increased 3.4%.
International Foodservice Operations: The segment’s sales advanced 9.6% to $3,596.5 million in the quarter. Foreign exchange fluctuations positively impacted the segment’s sales by 3.2%. On a constant-currency (cc) basis, sales advanced 6.4%.
SYGMA’s sales declined 1% to $1,913.7 million.
Meanwhile, the Other segment’s sales declined 5.9% to $283.3 million.
Other Updates
Sysco ended the quarter with cash and cash equivalents of $962.2 million, long-term debt of almost $12,028.1 million and total shareholders’ equity of $2,404 million. For the first 26 weeks of the fiscal 2024, the company generated cash flow from operations of $855.9 million and free cash flow amounted to $527.4 million.
During this time, Sysco returned $705.5 million to shareholders through share buybacks worth $199.9 million and dividends of $505.6 million. For the fiscal 2024, management expects to return nearly $2.25 billion to shareholders.
Capital expenditures, net of proceeds from sales of plant and equipment, amounted to $328.5 million.
Shares of this Zacks Rank #2 (Buy) company have increased 13.1% in the past three months compared with the industry’s 10.9% growth.
3 Appetizing Food Bets
Ingredion Incorporated (INGR - Free Report) , which produces and sells sweeteners, starches, nutrition ingredients and biomaterial solutions, carries a Zacks Rank #2. INGR delivered a positive earnings surprise of 23.9% in the last reported quarter. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
The Zacks Consensus Estimate for Ingredion Incorporated’s current financial-year sales and earnings suggests growth of around 5% and 24.8%, respectively, from the year-ago reported numbers.
Flowers Food (FLO - Free Report) produces and markets packaged bakery food products. FLO currently has a Zacks Rank #2. Flowers Food has a trailing four-quarter earnings surprise of 6.8%, on average.
The Zacks Consensus Estimate for FLO’s current financial-year sales suggests growth of 5.9% from the year-ago reported figure.
Lamb Weston (LW - Free Report) , which offers frozen potato products, currently carries a Zacks Rank #2. LW delivered an earnings surprise of 3.6% in the last reported quarter.
The Zacks Consensus Estimate for Lamb Weston’s current financial-year sales and earnings implies growth of 28.3% and 26.9%, respectively, from the year-ago reported numbers.
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https://www.zacks.com/stock/news/2218226/sysco-syy-q2-earnings-top-estimates-volume-gains-a-driver
| 2024-01-31T00:08:56Z
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General Motors (GM - Free Report) reported fourth-quarter 2023 adjusted earnings of $1.24 per share, which surpassed the Zacks Consensus Estimate of $1.12. The bottom line, however, decreased from the year-ago quarter’s level of $2.12. Revenues of $42.98 billion beat the Zacks Consensus Estimate of $40.78 billion but decreased from $43.1 billion recorded in the year-ago period.
The U.S. auto giant recorded adjusted earnings before interest and taxes (EBIT) of $1.75 billion, lower than $3.79 billion in the prior-year quarter. The automaker’s share in the GM market was 8.5% in the reported quarter compared with 9.1% in the year-ago quarter.
Segmental Performance
GM North America (“GMNA”) generated net revenues of $35.23 billion, down from $35.47 billion recorded in the corresponding period of 2022. However, the figure outpaced our model projection of $33.2 billion on higher-than-expected deliveries. Wholesale vehicle sales in the GMNA unit totaled 782,000 units, down from 787,000 units reported in the year-ago quarter. The figure, however, surpassed our estimate of 748,000 units. The segment’s operating profit totaled $2.01 billion, down from $3.65 billion recorded in the year-earlier period. The metric also lagged our estimate of $2.66 billion due to EV inventory allowance adjustments and the strike’s impact.
GM International's (“GMI”) net revenues in the reported quarter amounted to $3.94 billion, down from the year-ago quarter’s $4.32 billion. The metric also missed our estimate of $4.32 billion due to lower-than-expected deliveries. The segment’s wholesale vehicle sales of 161,000 units decreased from 180,000 units in the year-ago quarter and also missed our projection of 176,000 units. GMI reported an operating profit of $269 million, which declined from the year-ago quarter's profit of $272 million and also lagged our estimate of $309.7 million.
GM Financial generated net revenues of $3.74 billion in the quarter, up from $3.28 billion recorded in the year-ago period and ahead of our prediction of $3.2 billion. The segment recorded an EBIT-adjusted operating profit of $707 million, down from $775 million recorded in the year-ago period. The metric also missed our prediction of $726.8 million.
GM Cruise recorded net revenues of $25 million in the fourth quarter, flat year over year. The metric came in line with our projection as well. The segment posted an operating loss of $792 million, wider than a loss of $524 million reported in the prior-year quarter. The reported loss also came in wider than our estimate of a loss of $610.4 million due to lower volume and mix.
Financial Position
General Motors had cash and cash equivalents of $18.85 billion as of Dec 31, 2023, compared with $19.15 billion as of Dec 31, 2022. The long-term automotive debt at the end of the quarter was $15.98 billion compared with $15.88 billion as of Dec 31, 2022.
Net automotive cash provided by operating activities amounted to $4.66 billion during the quarter under review. The company recorded an adjusted automotive free cash flow of $1.34 billion in fourth-quarter 2023, down from $4.46 billion recorded in the year-ago period.
GM declared its first-quarter dividend of 12 cents per share, marking a 35% increase from the prior payout. The dividend will be paid on Mar 14, 2024, to shareholders as of Mar 1, 2024.
2024 Guidance
For full-year 2024, GM expects adjusted EBIT in the range of $12-$14 billion. Adjusted diluted EPS is anticipated in the range of $8.50-$9.50. Capex is predicted to be in the $10-$11 billion range. Adjusted automotive free cash flow is expected in the band of $8-$10 billion.
Zacks Rank & Key Picks
GM 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) . While both HMC and BYDDY sport a Zacks Rank #1 (Strong Buy), 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 31 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 a penny and 30 cents, respectively, in the past 60 days.
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| 2024-01-31T00:09:02Z
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Calix’s (CALX - Free Report) fourth-quarter 2023 adjusted earnings of 43 cents per share beat the Zacks Consensus Estimate by 16.22%. The figure increased 26.5% year over year.
Net sales increased 8.3% year over year to $264.7 million but missed the consensus mark by 0.02%.
Calix’s fourth-quarter results benefited from a strong portfolio of cloud and managed services.
The top line benefited from growth in the cloud and managed services for Broadband Service Providers (BSPs). Calix added 17 new BSPs in the quarter, bringing the total number of BSPs to 56 for the year. Moreover, 20 additional customers began deploying one of Calix’s managed services.
Revenue EDGE revenues increased 23% year over year. Intelligent Access EDGE revenues rose 20% year over year.
CALX added nine new Revenue EDGE and/or Intelligent Access EDGE customer deployments in the fourth quarter of 2023. It added seven new Calix Cloud deployments, which include Engagement Cloud (formerly Marketing Cloud), Service Cloud (formerly Support Cloud) and/or Operations Cloud.
Geographically, the United States accounted for 94% of revenues, which increased 12% year over year. International contributed 6% of revenues, which declined 31% year over year.
Small and large customers accounted for 71% and 11% of revenues, respectively.
Quarterly Details
Non-GAAP gross margin was 54.1%, significantly up from 51.6% reported in the year-ago quarter.
Sales and marketing expenses increased 10.7% year over year to $52.7 million. As a percentage of total revenues, the figure expanded 40 bps on a year-over-year basis to 19.9%.
Research and development expenses increased 10% year over year to $38.7 million. As a percentage of total revenues, the figure expanded 20 basis points (bps) on a year-over-year basis to 14.6%.
General and administrative expenses increased 13.2% year over year to $18.6 million. As a percentage of total revenues, the figure expanded 30 bps on a year-over-year basis to 7%.
Balance Sheet and Cash Flow
As of Dec 31, 2023, Calix had cash and cash equivalents worth $63.41 million, which declined from $135.67 million as of Sep 30, 2023.
Cash flow from operations was $14.92 million against the previous quarter’s outflow of $15.75 million.
Free cash flow was $10.95 million in the reported quarter.
Guidance
Calix expects first-quarter 2024 earnings per share between 17 cents and 23 cents. Revenues are anticipated between $225 million and $231 million.
The Zacks Consensus Estimate for first-quarter 2024 revenues is pegged at $267.9 million, suggesting a 7.16% increase year over year. The consensus estimate for earnings is pegged at 38 cents per share, unchanged over the past 30 days.
Zacks Rank & Stocks to Consider
Currently, Calix carries a Zacks Rank #3 (Hold).
Shares of the company have declined 15.7% in the past 12 months against the Zacks Computer & Technology sector’s growth of 46%.
Pinterest (PINS - Free Report) , AvidXchange (AVDX - Free Report) and Twilio (TWLO - Free Report) are some better-ranked stocks that investors can consider in the broader sector. Pinterest and AvidXchange sport a Zacks Rank #1 (Strong Buy) each, while Twilio carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Shares of Pinterest have soared 49% in the past year. PINS is set to report its fourth-quarter 2023 results on Feb 8.
Shares of AvidXchange have gained 2.9% in the trailing 12 months. AVDX is set to report its fourth-quarter 2023 results on Feb 28.
Shares of Twilio have jumped 24.6% in the past 12 months. TWLO is set to report its fourth-quarter 2023 results on Feb 14.
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https://www.zacks.com/stock/news/2218228/calix-calx-q4-earnings-beat-estimates-revenues-up-yy
| 2024-01-31T00:09:08Z
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Houlihan Lokey, Inc. (HLI - Free Report) is scheduled to release third-quarter fiscal 2024 results on Feb 1, 2024, after market close.
Q3 Estimates
The Zacks Consensus Estimate for Houlihan Lokey’s third-quarter fiscal 2024 earnings per share is pegged at $1.12, which indicates a 1.8% decline from the prior-year quarter’s reported figure.
The consensus mark for revenues is pegged at $484 million, suggesting 6.1% growth from the year-ago quarter’s reported number.
Earnings Surprise History
Houlihan Lokey’s bottom line beat estimates in three of the trailing four quarters and missed the mark once, the average surprise being 6.55%. This is depicted in the chart below:
Factors at Play
In the fiscal third-quarter, the top line of Houlihan Lokey is likely to have benefited from improved fee revenues derived in return for offering enhanced advisory services on transactions that are contingent on individually negotiated engagement letters. The increased availability of credit across the mid-cap space is likely to have provided an impetus to HLI’s Capital Markets business.
Strong contribution from the Financial Restructuring segment is likely to have driven the overall revenues of Houlihan Lokey. The unit is expected to have gained from higher interest rates that are expected to have provided a favorable market condition for reinsurance transactions. This, in turn, is likely to have led to an uptick in the number of closed transactions in the to-be-reported quarter.
However, softer contributions from the Corporate Finance, and Financial and Valuation Advisory segments are expected to have dampened Houlihan Lokey’s top-line growth in the fiscal third-quarter. The results of the Corporate Finance unit are likely to have been strained due to a decline in average transaction fees. Nevertheless, strong new business growth is likely to have acted as a partial offset for the segment.
Revenues in the Financial and Valuation Advisory segment are likely to have been hurt by a decrease in the number of Fee Events. Nevertheless, a rebounding merger and acquisition market is expected to have provided some respite to the unit’s results in the to-be-reported quarter.
HLI’s margins are likely to have taken a hit from elevated operating expenses, which in turn, are expected to have stemmed from higher travel, meals and entertainment costs, rent expenses, professional fees, and information technology and communications costs.
What Our Quantitative Model Predicts
Our proven model does not conclusively predict an earnings beat for Houlihan Lokey 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. However, that’s not the case here, as you see below.
Earnings ESP: Houlihan Lokey has an Earnings ESP of -2.23% because the Most Accurate Estimate of $1.10 is pegged lower than the Zacks Consensus Estimate of $1.12. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
Zacks Rank: HLI currently carries a Zacks Rank of 3.
Stocks to Consider
While an earnings beat looks uncertain for Houlihan Lokey, here are some companies from the Finance space, which according to our model, have the right combination of elements to beat on earnings this time around:
Apollo Commercial Real Estate Finance, Inc. (ARI - Free Report) has an Earnings ESP of +0.93% and a Zacks Rank of 1, at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for ARI’s fourth-quarter 2023 earnings is pegged at 36 cents per share, which indicates an improvement of 16.1% from the prior-year quarter’s reported figure.
The consensus mark for fourth-quarter earnings has been revised 5.9% upward over the past 30 days.
Hamilton Lane Incorporated (HLNE - Free Report) has an Earnings ESP of +12.50% and a Zacks Rank of 2, at present. The Zacks Consensus Estimate for HLNE’s fourth-quarter 2023 earnings is pegged at 88 cents per share, which more than doubled from the year-ago quarter’s reported figure.
The consensus mark for fourth-quarter earnings has been revised 8.6% upward over the past seven days.
Brookfield Asset Management Ltd. (BAM - Free Report) has an Earnings ESP of +0.69% and a Zacks Rank of 3, currently. The Zacks Consensus Estimate for BAM’s fourth-quarter 2023 earnings is pegged at 34 cents per share, which indicates an improvement of 9.7% from the prior-year quarter’s reported figure.
Brookfield’s earnings beat estimates in two of the trailing four quarters and missed the mark twice, the average surprise being 0.18%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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https://www.zacks.com/stock/news/2218229/lower-transaction-fees-to-hurt-houlihan-lokeys-hli-q3-earnings
| 2024-01-31T00:09:15Z
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Meritage Homes Corporation (MTH - Free Report) is slated to report fourth-quarter 2023 results on Jan 31, after market close.
In the last reported quarter, the company’s earnings topped the Zacks Consensus Estimate by 17.3%. Homebuilding revenues beat the consensus mark by 4.1%. Earnings declined 16%, but total revenues (including Homebuilding and Financial Services revenues) grew 2.5% on a year-over-year basis. Total closing revenues also increased 2% from the prior-year quarter’s level.
Meritage Homes’ earnings beat the consensus mark in 21 of the trailing 22 quarters.
Trend in Estimate Revision
The Zacks Consensus Estimate for fourth-quarter 2023 earnings per share has moved down to $5.18 from $5.23 over the past 30 days. The said figure indicates a 26.9% decrease from the year-ago level of $7.09 per share.
The consensus mark for revenues is pegged at $1.52 billion, indicating a 23.5% year-over-year decline.
Factors to Note
Meritage Homes’ fourth-quarter Homebuilding revenues (accounted for 99.6% of total revenues in 2022) are expected to have declined year over year due to challenging affordability conditions owing to higher rates and continued economic uncertainties.
The U.S. housing market has been navigating through a challenging time, comprising higher mortgage rates. MTH expects housing demand to remain steady in the fourth quarter.
Although total home closing revenues are expected to have been lower year over year, MTH is expected to have generated sequentially higher revenues on the back of solid demand for entry-level and first move-up homes, given the lack of existing homes for sale in the market.
Financial Services revenues (accounted for 0.4% of total revenues in 2022) are anticipated to have declined from the prior-year quarter’s level.
Segment-wise, for fourth-quarter 2023, our model predicts Homebuilding and Financial services revenues to have declined 24.2% and 8.4% to $1.51 billion and $6.7 million, respectively, year over year.
The company expects home closing to be in the range of 3,500-3,700 units in the to-be-reported quarter, down from 4,540 units reported a year ago. Also, home closing revenues are anticipated to be in the $1.45-$1.53 billion range, down from $1.98 billion in the year-ago period.
We expect home closing units to decrease 20.5% year over year to 3,608 units and revenues to decline 24.1% to $1.51 billion. We expect the home closing average selling price (ASP) to be $417,140, down 4.5% year over year.
Geographically, we expect home closing ASP in West, Central and East regions to decline 12%, 1.2% and 2.7% to $479,010, $394,510 and $385,970, respectively, year over year.
We also expect land closing revenues to fall 29.1% year over year to $5.2 million.
Margins
For the fourth quarter, earnings of MTH are likely to have been affected by high costs associated with labor, which are likely to have negatively impacted the company’s operations and hurt margins in the to-be-reported quarter.
However, increased focus on solid spec strategy and performance-driving initiatives will partly help the company to offset the headwinds.
Owing to the headwinds above, the company expects diluted earnings per share to be within $4.84-$5.43. It expects the home closing gross margin to be around 25-26%, indicating a decline from the prior year’s value of 25.2% considering the midpoint. We expect home closing gross margin to improve 400 basis points to 25.6%, year over year.
Backlogs and Home Orders
Owing to the aforementioned economic uncertainties, for fourth-quarter 2023, we expect the total backlog to increase 5.6% to 3,518 units but the total backlog value to fall 1.6% year over year to $1.5 billion.
Geographically, we expect home orders in the West, Central and East regions to increase 129.2% to 1,059 units, 112.3% to 1,304 units and 57.8% to 1,155 units, respectively, year over year.
What the Zacks Model Unveils
Our proven model predicts an earnings beat for MTH for the quarter to be reported. 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.
Earnings ESP: MTH has an Earnings ESP of +2.85%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: It currently carries a Zacks Rank #3.
Other Stocks With the Favorable Combination
Here are some other companies in the Zacks Construction sector that, per our model, also 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 a Zacks Rank #3 at present. 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% year over year. 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%.
Vulcan Materials Company (VMC - Free Report) has an Earnings ESP of +1.85% and a Zacks Rank #3 at present.
VMC’s earnings topped the consensus mark in three of the last four quarters and missed on one occasion, delivering an average surprise of 13.6%. Earnings for the to-be-reported quarter are expected to grow 25.9% year over year.
Floor & Decor Holdings, Inc. (FND - Free Report) has an Earnings ESP of +7.37 and a Zacks Rank #2 at present.
FND’s earnings for the to-be-reported quarter are expected to decline 57.8% year over year. The company's earnings beat the consensus mark in two of the trailing four quarters, met in one and missed in the other, delivering an average surprise of 4.9%.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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https://www.zacks.com/stock/news/2218232/what-to-expect-from-meritage-homes-mth-q4-earnings?
| 2024-01-31T00:09:21Z
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Cadence Bank (CADE - Free Report) reported fourth-quarter 2023 adjusted earnings per share from continuing operations of 40 cents, missing the Zacks Consensus Estimate of 53 cents. Also, the bottom line declined 48.7% year over year.
CADE sold Cadence Insurance, Inc. in the fourth quarter of 2023. The fourth-quarter results presented both continuing and discontinued operations. The company's results were positively impacted by a rise in deposit balances and an improvement in capital position. However, notable increase in expenses and a decline in revenues were the offsetting factors.
The company’s adjusted net income from continuing operations available to common shareholders in fourth-quarter 2023 was $72.7 million compared with $141.4 million in the fourth quarter of 2022.
For full-year 2023, adjusted earnings per share were $2.20 compared with $2.85 reported a year ago. Net income available to common shareholders was $532.8 million, up from $453.7 million in 2022.
Revenues Decline, Expenses Rise
Total adjusted revenues (excluding net security losses and negative mortgage banking income) in the reported quarter were $408.8 million compared with $439.6 million in the year-ago quarter. Further, the top line missed the Zacks Consensus Estimate of $434 million.
In 2023, total adjusted revenues (excluding net security losses) were $1.67 billion, down from $1.69 billion in the prior year. Also, the top line missed the Zacks Consensus Estimate of $1.82 billion.
Net interest revenues in the quarter were $334.6 million, down 6.9% year over year. The fully taxable equivalent net interest margin (NIM) was 3.04%, down from 3.33% in the prior-year quarter.
Total non-interest revenues were negative $311.5 million in the reported quarter. Excluding the security losses and negative mortgage banking income, adjusted non-interest income came in at $74.2 million, down from $158.4 million in the prior-year quarter.
Total non-interest expenses were $329.4 million, which increased 6.7% year over year. The increase was primarily stemmed from FDIC special assessment fees.
As of Dec 31, 2023, total deposits increased marginally to $38.5 billion on a sequential basis, while loans and leases, net of unearned income, declined marginally to $32.5 billion.
Credit Quality Deteriorates
Non-performing loans and leases were 0.67% of net loans and leases as of Dec 31, 2023, up from 0.35% as of Dec 31, 2022.
In the fourth quarter, the company recorded $38 million in provision for credit losses compared with $6 million in the prior-year quarter. Also, non-performing assets were $222.4 million, jumping 95% from the prior-year quarter.
Capital Position Strong
As of Dec 31, 2023, tier 1 capital and tier 1 leverage capital ratios were 12.1% and 9.3%, respectively, compared with 10.7% and 8.4% at the end of the prior-year quarter.
The ratio of its total shareholders' equity to total assets was 10.56% at the end of the fourth quarter, up from 8.86% as of Dec 31, 2022.
Capital Deployment Update
In the reported quarter, the company did not repurchase any shares.
Concurrent with fourth-quarter earnings, the company’s board of directors declared cash dividends of 25 cents per common share, indicating a sequential rise of 6.4%. The dividend will be paid out on Apr 1 to shareholders of record as of Mar 15, 2024.
Our Viewpoint
Cadence put up a decent performance in the fourth quarter. An improvement in deposit balances and capital position is the encouraging factor. However, a rise in expenses and a decline in revenues hurt results.
Currently, Cadence carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other Banks
East West Bancorp’s (EWBC - Free Report) fourth-quarter 2023 adjusted earnings per share of $2.02 surpassed the Zacks Consensus Estimate of $1.89. However, the bottom line declined 14.8% year over year.
Including FDIC special assessment-related expenses and gain on the sale of available-for-sale debt security, EWBC’s earnings per share were $1.69.
Results were primarily aided by an increase in non-interest income. Also, loan balances increased sequentially in the quarter, which was an upside. However, lower NII, and higher expenses and provisions were the undermining factors for EWBC.
Webster Financial’s (WBS - Free Report) fourth-quarter 2023 adjusted earnings per share of $1.46 were in line with the Zacks Consensus Estimate. This compares favorably with earnings of $1.38 a year ago.
Results benefited from lower provisions, and solid loans and deposit balances. However, a fall in both NII and non-interest income, along with elevated expenses, was a major headwind for WBS.
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https://www.zacks.com/stock/news/2218237/cadence-cade-q4-earnings-revenues-lag-estimates-dividend-up?-revenues-lag-estimates,-dividend-up
| 2024-01-31T00:09:27Z
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It’s a highly critical week for earnings, with several mega-cap technology companies slated to reveal quarterly results. The strength of these mega-cap names has been admired by all, with many expecting positive results to keep overall market momentum flowing.
Beloved Meta Platforms (META - Free Report) will reveal quarterly results on February 1st after the market’s close. The company has been on a solid earnings streak as of late, exceeding our consensus earnings and revenue expectations in four consecutive quarters.
Shares got a nice boost following its latest set of results, sparking a strong rally.
How do expectations stack up heading into the release? Let’s take a quick look at headline estimates and a few key other metrics to keep an eye on within the release.
Headline Expectations
Analysts have taken a bullish stance on the company’s outlook, with the $4.83 Zacks Consensus EPS estimate being revised nearly 3% higher since last November. The value suggests a sizable 61% improvement from the year-ago period.
Image Source: Zacks Investment Research
Top line expectations have moved similarly, as the $38.9 billion Zacks Consensus Sales estimate is up a modest 1% over the same time frame. The tech titan is forecasted to post sizable revenue growth as well, with the value indicating a 21% year-over-year climb.
Image Source: Zacks Investment Research
Key Metrics
The company generates the bulk of its revenues through advertising, a metric that META has consistently positively surprised on as of late. For the quarter to be reported, the Zacks Consensus estimate for advertising net sales stands at $37.8 billion, showing considerable growth from last year’s $31.3 billion print.
Image Source: Zacks Investment Research
Of course, Daily Active Users (DAUs) is also a key metric for META, providing a deeper insight into consumers’ activity across its platforms. For the release, the Zacks Consensus Estimate for DAUs stands at 2.1 billion, modestly above the 2.0 billion mark reported in the same period last year.
META has also consistently positively surprised on this metric, as shown below.
Image Source: Zacks Investment Research
Bottom Line
It’s a rapid week of earnings, with the likes of many mega-cap technology companies slated to report.
Included in this bunch is none other than Meta Platforms (META - Free Report) . Analysts have shown positivity for the release, raising earnings and revenue expectations over the last several months, which reflect solid year-over-year growth.
Concerning key metrics, Advertising revenue and Daily Active Users (DAUs) will get a lot of focus, providing us with deeper insight into the company’s platform activity.
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https://www.zacks.com/stock/news/2218242/meta-q4-earnings-key-metrics-to-watch
| 2024-01-31T00:09:33Z
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On the simplest level investors classify stocks as either large cap mid cap or small cap. The cap is what we call market capitalization or the total value of the company. The big cap stocks tend to be front and center of the news flow and mindshare of most investors.
Brian Bolan takes a look at 3 big cap stocks, two of which are reporting tonight after the close.
Microsoft (MSFT - Free Report) is one of those names and Brian highlights the good growth the company has posted and is expected to see in 2024.
Other key ideas covered in the video were how some investors think about the idea of an earnings history and if management is guiding Wall Street to the appropriate level.
Next up is Apple (AAPL - Free Report) which reports on the first of February after the close of the market. The growth for Apple is well below that of Microsoft (MSFT - Free Report) but it is also in the $3T market cap range.
Brian also looks at Advanced Micro Devices (AMD - Free Report) who is also reporting after the close tonight.
AMD is expected to post a contraction in terms of revenue growth for 2023, but an acceleration to more than 15% in 2024. Brian laments that investors don’t buy stocks for what they have done, rather what they will do in the future.
Finally Brian reviews the pay for service at Zacks call Large Cap Trader. The service is headed up by John Blank. The service has a lot of green on the screen and gives investors not only stock selections but also weighting in the portfolio. That allows subscribers to the service to easily allocate their portfolio to align with the service’s holdings.
Brian notes that the highest weighted position is also up nearly 20% in just a few months. Large Cap Trader also has about a 40% cash position so there is a lot of dry powder looking for a good investment.
As the aggressive growth stock strategist at Zacks Investment Research Brian Bolan is focused on small cap growth stocks
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Apple Inc. (AAPL) - free report >>
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https://www.zacks.com/stock/news/2218245/brians-big-idea-on-big-caps
| 2024-01-31T00:09:40Z
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LendingClub (LC - Free Report) came out with quarterly earnings of $0.09 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.19 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 350%. A quarter ago, it was expected that this company that connects borrowers and lenders online would post earnings of $0.04 per share when it actually produced earnings of $0.05, delivering a surprise of 25%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
LendingClub
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.
LendingClub shares have added about 3% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for LendingClub?
While LendingClub 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 LendingClub: 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 $0.03 on $184.33 million in revenues for the coming quarter and $0.35 on $768.15 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Miscellaneous Services is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Jackson Financial (JXN - Free Report) , is yet to report results for the quarter ended December 2023. The results are expected to be released on February 21.
This financial services company is expected to post quarterly earnings of $3.53 per share in its upcoming report, which represents a year-over-year change of -37.6%. The consensus EPS estimate for the quarter has been revised 1.6% lower over the last 30 days to the current level.
Jackson Financial's revenues are expected to be $1.64 billion, up 530.2% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218247/lendingclub-lc-q4-earnings-and-revenues-beat-estimates
| 2024-01-31T00:09:46Z
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Robert Half (RHI - Free Report) came out with quarterly earnings of $0.83 per share, beating the Zacks Consensus Estimate of $0.82 per share. This compares to earnings of $1.37 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 1.22%. A quarter ago, it was expected that this staffing firm would post earnings of $0.80 per share when it actually produced earnings of $0.90, delivering a surprise of 12.50%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Robert Half
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.
Robert Half shares have lost about 7.6% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Robert Half?
While Robert Half 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 Robert Half: 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 $0.76 on $1.5 billion in revenues for the coming quarter and $3.84 on $6.26 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, Staffing Firms is currently in the bottom 18% 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, Insperity, Inc. (NSP - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on February 8.
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 -49.6%. The consensus EPS estimate for the quarter has been revised 0.3% lower over the last 30 days to the current level.
Insperity, Inc.'s revenues are expected to be $1.57 billion, up 5.3% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218248/robert-half-rhi-tops-q4-earnings-and-revenue-estimates
| 2024-01-31T00:09:52Z
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Stryker (SYK - Free Report) came out with quarterly earnings of $3.46 per share, beating the Zacks Consensus Estimate of $3.27 per share. This compares to earnings of $3 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.81%. A quarter ago, it was expected that this medical device maker would post earnings of $2.44 per share when it actually produced earnings of $2.46, delivering a surprise of 0.82%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Stryker
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.
Stryker shares have added about 5% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Stryker?
While Stryker 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 Stryker: 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 $2.44 on $5.14 billion in revenues for the coming quarter and $11.54 on $21.81 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, Medical - Products is currently in the bottom 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Boston Scientific (BSX - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on January 31.
This medical device manufacturer is expected to post quarterly earnings of $0.51 per share in its upcoming report, which represents a year-over-year change of +13.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Boston Scientific's revenues are expected to be $3.59 billion, up 10.7% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218249/stryker-syk-surpasses-q4-earnings-and-revenue-estimates
| 2024-01-31T00:09:58Z
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Skyworks Solutions (SWKS - Free Report) came out with quarterly earnings of $1.97 per share, beating the Zacks Consensus Estimate of $1.95 per share. This compares to earnings of $2.59 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 1.03%. A quarter ago, it was expected that this chipmaker would post earnings of $2.10 per share when it actually produced earnings of $2.20, delivering a surprise of 4.76%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Skyworks
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.
Skyworks shares have lost about 5.6% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Skyworks?
While Skyworks 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 Skyworks: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.54 on $1.04 billion in revenues for the coming quarter and $7.02 on $4.46 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, Semiconductors - Radio Frequency is currently in the bottom 5% 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.
Akoustis (AKTS - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023.
This company is expected to post quarterly loss of $0.18 per share in its upcoming report, which represents a year-over-year change of +5.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Akoustis' revenues are expected to be $6.99 million, up 19% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218250/skyworks-solutions-swks-q1-earnings-top-estimates
| 2024-01-31T00:10:05Z
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Mondelez (MDLZ - Free Report) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.78 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 7.69%. A quarter ago, it was expected that this maker of Oreo cookies, Cadbury chocolate and Trident gum would post earnings of $0.78 per share when it actually produced earnings of $0.82, delivering a surprise of 5.13%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Mondelez
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.
Mondelez shares have added about 4.5% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Mondelez?
While Mondelez 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 Mondelez: 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 $0.91 on $9.46 billion in revenues for the coming quarter and $3.49 on $37.3 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, Food - Miscellaneous 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.
Medifast (MED - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023.
This weight-loss company is expected to post quarterly earnings of $0.78 per share in its upcoming report, which represents a year-over-year change of -78.9%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Medifast's revenues are expected to be $173.97 million, down 48.4% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218251/mondelez-mdlz-q4-earnings-and-revenues-top-estimates
| 2024-01-31T00:10:11Z
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Microsoft (MSFT - Free Report) came out with quarterly earnings of $2.93 per share, beating the Zacks Consensus Estimate of $2.76 per share. This compares to earnings of $2.32 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.16%. A quarter ago, it was expected that this software maker would post earnings of $2.65 per share when it actually produced earnings of $2.99, delivering a surprise of 12.83%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Microsoft
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.
Microsoft shares have added about 9% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Microsoft?
While Microsoft 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 Microsoft: 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 $2.58 on $60.56 billion in revenues for the coming quarter and $11.15 on $242.41 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, Computer - Software is currently in the top 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.
Another stock from the same industry, Synopsys (SNPS - Free Report) , has yet to report results for the quarter ended January 2024. The results are expected to be released on February 21.
This maker of software used to test and develop chips is expected to post quarterly earnings of $3.43 per share in its upcoming report, which represents a year-over-year change of +30.9%. The consensus EPS estimate for the quarter has been revised 1% higher over the last 30 days to the current level.
Synopsys' revenues are expected to be $1.65 billion, up 20.9% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218252/microsoft-msft-tops-q2-earnings-and-revenue-estimates
| 2024-01-31T00:10:17Z
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Alphabet (GOOGL - Free Report) came out with quarterly earnings of $1.64 per share, beating the Zacks Consensus Estimate of $1.60 per share. This compares to earnings of $1.05 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 2.50%. A quarter ago, it was expected that this internet search leader would post earnings of $1.45 per share when it actually produced earnings of $1.55, delivering a surprise of 6.90%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Alphabet
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.
Alphabet shares have added about 9.9% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Alphabet?
While Alphabet 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 Alphabet: 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 $1.46 on $65.37 billion in revenues for the coming quarter and $6.69 on $284.27 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 - Services 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, Upwork (UPWK - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on February 14.
This online freelance marketplace operator is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of +325%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Upwork's revenues are expected to be $178.43 million, up 10.5% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218253/alphabet-googl-tops-q4-earnings-and-revenue-estimates
| 2024-01-31T00:10:23Z
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Hawaiian Holdings (HA - Free Report) came out with a quarterly loss of $2.37 per share versus the Zacks Consensus Estimate of a loss of $2.35. This compares to loss of $0.49 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -0.85%. A quarter ago, it was expected that this parent company of Hawaiian Airlines would post a loss of $0.76 per share when it actually produced a loss of $1.06, delivering a surprise of -39.47%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Hawaiian Holdings
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.
Hawaiian Holdings shares have added about 3.7% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Hawaiian Holdings?
While Hawaiian Holdings 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 Hawaiian Holdings: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$1.72 on $673.97 million in revenues for the coming quarter and -$3.40 on $3.1 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Airline is currently in the top 16% 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, Allegiant Travel (ALGT - Free Report) , is yet to report results for the quarter ended December 2023. The results are expected to be released on February 5.
This travel services company is expected to post quarterly loss of $0.67 per share in its upcoming report, which represents a year-over-year change of -121.1%. The consensus EPS estimate for the quarter has been revised 13.7% higher over the last 30 days to the current level.
Allegiant Travel's revenues are expected to be $601.47 million, down 1.7% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218254/hawaiian-holdings-ha-reports-q4-loss-misses-revenue-estimates
| 2024-01-31T00:10:29Z
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Fortune Brands Innovations (FBIN - Free Report) came out with quarterly earnings of $0.95 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $1.07 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 2.15%. A quarter ago, it was expected that this maker of products for the home, like faucets, cabinets, windows and doors would post earnings of $1.07 per share when it actually produced earnings of $1.19, delivering a surprise of 11.21%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Fortune Brands Innovations
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.
Fortune Brands Innovations shares have added about 5.2% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Fortune Brands Innovations?
While Fortune Brands Innovations 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 Fortune Brands Innovations: 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 $0.81 on $1.12 billion in revenues for the coming quarter and $4.22 on $4.89 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Home Furnishings is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Haverty Furniture (HVT - Free Report) , has yet to report results for the quarter ended December 2023.
This residential furniture and accessories retailer is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of -30.2%. The consensus EPS estimate for the quarter has been revised 12.1% lower over the last 30 days to the current level.
Haverty Furniture's revenues are expected to be $232.55 million, down 17.1% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218255/fortune-brands-innovations-fbin-tops-q4-earnings-estimates
| 2024-01-31T00:10:36Z
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In the latest trading session, Walmart (WMT - Free Report) closed at $165.59, marking a +0.33% move from the previous day. This move outpaced the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.76%.
Prior to today's trading, shares of the world's largest retailer had gained 4.69% over the past month. This has outpaced the Retail-Wholesale sector's gain of 1.86% and the S&P 500's gain of 3.36% in that time.
Investors will be eagerly watching for the performance of Walmart in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 20, 2024. It is anticipated that the company will report an EPS of $1.63, marking a 4.68% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $170.21 billion, indicating a 3.75% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.45 per share and revenue of $644.94 billion. These totals would mark changes of +2.54% and +5.51%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Walmart. Recent revisions tend to reflect the latest 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 demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.16% lower. Walmart is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Walmart's current valuation metrics, including its Forward P/E ratio of 25.57. This valuation marks a premium compared to its industry's average Forward P/E of 13.53.
It's also important to note that WMT currently trades at a PEG ratio of 3.5. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Retail - Supermarkets industry had an average PEG ratio of 1.03.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 42, positioning it in the top 17% 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/2218256/walmart-wmt-rises-as-market-takes-a-dip-key-facts
| 2024-01-31T00:10:42Z
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The latest trading session saw Uber Technologies (UBER - Free Report) ending at $66.84, denoting a -0.21% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.06%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.76%.
Heading into today, shares of the ride-hailing company had gained 8.79% over the past month, outpacing the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 3.36% in that time.
Market participants will be closely following the financial results of Uber Technologies in its upcoming release. The company plans to announce its earnings on February 7, 2024. In that report, analysts expect Uber Technologies to post earnings of $0.15 per share. This would mark a year-over-year decline of 48.28%. Meanwhile, our latest consensus estimate is calling for revenue of $9.75 billion, up 13.24% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for Uber Technologies. 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.
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, 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 3.8% lower. Right now, Uber Technologies possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Uber Technologies is presently being traded at a Forward P/E ratio of 64.07. This represents a premium compared to its industry's average Forward P/E of 24.1.
The Internet - Services industry is part of the Computer and Technology 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 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/2218257/uber-technologies-uber-dips-more-than-broader-market-what-you-should-know
| 2024-01-31T00:10:48Z
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Palo Alto Networks (PANW - Free Report) ended the recent trading session at $345.89, demonstrating a +0.19% swing from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.76%.
The the stock of security software maker has risen by 17.08% in the past month, leading the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 3.36%.
The investment community will be closely monitoring the performance of Palo Alto Networks in its forthcoming earnings report. The company is forecasted to report an EPS of $1.30, showcasing a 23.81% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.97 billion, indicating a 19.08% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $5.49 per share and a revenue of $8.17 billion, demonstrating changes of +23.65% and +18.58%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Palo Alto Networks. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 remained steady. Right now, Palo Alto Networks possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Palo Alto Networks is presently trading at a Forward P/E ratio of 62.91. Its industry sports an average Forward P/E of 34.36, so one might conclude that Palo Alto Networks is trading at a premium comparatively.
We can also see that PANW currently has a PEG ratio of 2.28. 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 - Software stocks are, on average, holding a PEG ratio of 1.73 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 66, placing it within the top 27% 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.
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/2218258/why-the-market-dipped-but-palo-alto-networks-panw-gained-today
| 2024-01-31T00:10:54Z
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Lennar (LEN - Free Report) ended the recent trading session at $151.07, demonstrating a +1% swing from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily loss of 0.06%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.76%.
The the stock of homebuilder has risen by 0.36% in the past month, leading the Construction sector's loss of 0.85% and undershooting the S&P 500's gain of 3.36%.
Analysts and investors alike will be keeping a close eye on the performance of Lennar in its upcoming earnings disclosure. The company's upcoming EPS is projected at $2.21, signifying a 4.25% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $7.45 billion, showing a 14.73% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $14.36 per share and a revenue of $36.09 billion, representing changes of +0.77% and +5.42%, respectively, from the prior year.
Any recent changes to analyst estimates for Lennar should also be noted by investors. 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 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, 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. Right now, Lennar possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Lennar currently has a Forward P/E ratio of 10.42. This represents a premium compared to its industry's average Forward P/E of 9.83.
Meanwhile, LEN's PEG ratio is currently 1.95. 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 of the close of trade yesterday, the Building Products - Home Builders industry held an average PEG ratio of 0.78.
The Building Products - Home Builders industry is part of the Construction sector. With its current Zacks Industry Rank of 31, this industry ranks in the top 13% 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.
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/2218259/lennar-len-gains-as-market-dips-what-you-should-know
| 2024-01-31T00:11:01Z
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The latest trading session saw Li Auto Inc. Sponsored ADR (LI - Free Report) ending at $27.55, denoting a -0.93% adjustment from its last day's close. The stock fell short of the S&P 500, which registered a loss of 0.06% for the day. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.76%.
Shares of the company have depreciated by 25.7% over the course of the past month, underperforming the Auto-Tires-Trucks sector's loss of 10.26% and the S&P 500's gain of 3.36%.
Market participants will be closely following the financial results of Li Auto Inc. Sponsored ADR in its upcoming release.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Li Auto Inc. Sponsored ADR. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 last 30 days, the Zacks Consensus EPS estimate has moved 1.93% higher. Currently, Li Auto Inc. Sponsored ADR is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Li Auto Inc. Sponsored ADR is holding a Forward P/E ratio of 15.8. This denotes a premium relative to the industry's average Forward P/E of 6.28.
The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. At present, this industry carries a Zacks Industry Rank of 63, placing it within the top 25% 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/2218260/li-auto-inc-sponsored-adr-li-falls-more-steeply-than-broader-market-what-investors-need-to-know
| 2024-01-31T00:11:07Z
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The latest trading session saw Builders FirstSource (BLDR - Free Report) ending at $176.41, denoting a -0.05% adjustment from its last day's close. The stock's performance was ahead of the S&P 500's daily loss of 0.06%. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.76%.
Coming into today, shares of the construction supply company had gained 5.73% in the past month. In that same time, the Retail-Wholesale sector gained 1.86%, while the S&P 500 gained 3.36%.
Investors will be eagerly watching for the performance of Builders FirstSource in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 22, 2024. In that report, analysts expect Builders FirstSource to post earnings of $2.70 per share. This would mark a year-over-year decline of 15.89%. Simultaneously, our latest consensus estimate expects the revenue to be $3.94 billion, showing a 9.52% drop compared to the year-ago quarter.
Investors should also pay attention to any latest changes in analyst estimates for Builders FirstSource. 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 demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system 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. Within the past 30 days, our consensus EPS projection has moved 0.27% lower. Builders FirstSource is currently a Zacks Rank #3 (Hold).
Looking at valuation, Builders FirstSource is presently trading at a Forward P/E ratio of 13.8. This denotes no noticeable deviation relative to the industry's average Forward P/E of 13.8.
The Building Products - Retail industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 196, positioning it in the bottom 23% 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/2218261/builders-firstsource-bldr-stock-moves--005-what-you-should-know
| 2024-01-31T00:11:13Z
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Shopify (SHOP - Free Report) closed the latest trading day at $82.33, indicating a -1.45% change from the previous session's end. This move lagged the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.76%.
The cloud-based commerce company's shares have seen an increase of 7.24% over the last month, surpassing the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 3.36%.
Investors will be eagerly watching for the performance of Shopify in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 13, 2024. The company is expected to report EPS of $0.31, up 342.86% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.07 billion, up 19.21% from the prior-year quarter.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Shopify. 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. 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 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 1.09% higher within the past month. Shopify presently features a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Shopify is presently being traded at a Forward P/E ratio of 80.04. This valuation marks a premium compared to its industry's average Forward P/E of 24.1.
The Internet - Services industry is part of the Computer and Technology sector. Currently, this industry holds a Zacks Industry Rank of 110, positioning 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.
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/2218262/shopify-shop-suffers-a-larger-drop-than-the-general-market-key-insights
| 2024-01-31T00:11:19Z
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The latest trading session saw Salesforce.com (CRM - Free Report) ending at $287.73, denoting a -0.05% adjustment from its last day's close. This change was narrower than the S&P 500's daily loss of 0.06%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.76%.
Coming into today, shares of the customer-management software developer had gained 9.39% in the past month. In that same time, the Computer and Technology sector gained 6.36%, while the S&P 500 gained 3.36%.
The investment community will be closely monitoring the performance of Salesforce.com in its forthcoming earnings report. The company's upcoming EPS is projected at $2.26, signifying a 34.52% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $9.21 billion, reflecting a 9.87% rise from the equivalent quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $8.20 per share and a revenue of $34.78 billion, indicating changes of +56.49% and +10.94%, respectively, from the former year.
Any recent changes to analyst estimates for Salesforce.com should also be noted by investors. 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 reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, 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 remained stagnant. At present, Salesforce.com boasts a Zacks Rank of #3 (Hold).
Looking at valuation, Salesforce.com is presently trading at a Forward P/E ratio of 35.11. Its industry sports an average Forward P/E of 34.55, so one might conclude that Salesforce.com is trading at a premium comparatively.
Investors should also note that CRM has a PEG ratio of 1.63 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. CRM's industry had an average PEG ratio of 2.39 as of yesterday's close.
The Computer - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 88, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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/2218263/salesforcecom-crm-stock-moves--005-what-you-should-know
| 2024-01-31T00:11:26Z
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MongoDB (MDB - Free Report) closed the latest trading day at $415.53, indicating a -1.1% change from the previous session's end. The stock fell short of the S&P 500, which registered a loss of 0.06% for the day. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.76%.
Coming into today, shares of the database platform had gained 2.77% in the past month. In that same time, the Computer and Technology sector gained 6.36%, while the S&P 500 gained 3.36%.
The investment community will be paying close attention to the earnings performance of MongoDB in its upcoming release. It is anticipated that the company will report an EPS of $0.46, marking a 19.3% fall compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $431.99 million, up 19.56% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.90 per share and a revenue of $1.66 billion, signifying shifts of +258.02% and +29.04%, respectively, from the last year.
Any recent changes to analyst estimates for MongoDB should also be noted by investors. 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 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, 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 a 0.51% increase. MongoDB is currently a Zacks Rank #2 (Buy).
In terms of valuation, MongoDB is presently being traded at a Forward P/E ratio of 144.69. This expresses a premium compared to the average Forward P/E of 34.36 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 66, putting it in the top 27% 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/2218264/mongodb-mdb-registers-a-bigger-fall-than-the-market-important-facts-to-note
| 2024-01-31T00:11:32Z
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McDonald's (MCD - Free Report) closed at $294.65 in the latest trading session, marking a +0.8% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 0.06% for the day. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.76%.
The world's biggest hamburger chain's stock has dropped by 1.42% in the past month, falling short of the Retail-Wholesale sector's gain of 1.86% and the S&P 500's gain of 3.36%.
Investors will be eagerly watching for the performance of McDonald's in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 5, 2024. The company is expected to report EPS of $2.81, up 8.49% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.47 billion, up 9.24% from the year-ago period.
Any recent changes to analyst estimates for McDonald's should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, 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 0.13% rise in the Zacks Consensus EPS estimate. Currently, McDonald's is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that McDonald's has a Forward P/E ratio of 23.43 right now. Its industry sports an average Forward P/E of 21.23, so one might conclude that McDonald's is trading at a premium comparatively.
Also, we should mention that MCD has a PEG ratio of 2.59. 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 of the close of trade yesterday, the Retail - Restaurants industry held an average PEG ratio of 1.84.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 159, putting it in the bottom 37% 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.
To follow MCD in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2218265/mcdonalds-mcd-rises-as-market-takes-a-dip-key-facts
| 2024-01-31T00:11:38Z
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Paypal (PYPL - Free Report) ended the recent trading session at $63.68, demonstrating a -0.13% swing from the preceding day's closing price. The stock's change was less than the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.76%.
The technology platform and digital payments company's stock has climbed by 3.83% in the past month, falling short of the Computer and Technology sector's gain of 6.36% and outpacing the S&P 500's gain of 3.36%.
Market participants will be closely following the financial results of Paypal in its upcoming release. The company plans to announce its earnings on February 7, 2024. The company is expected to report EPS of $1.36, up 9.68% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $7.88 billion, indicating a 6.77% upward movement from the same quarter last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Paypal. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research 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.
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 1.07% downward. Paypal presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Paypal is currently trading at a Forward P/E ratio of 11.59. This indicates a discount in contrast to its industry's Forward P/E of 34.36.
We can also see that PYPL currently has a PEG ratio of 0.72. 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. Internet - Software stocks are, on average, holding a PEG ratio of 1.73 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 66, this industry ranks in the top 27% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2218266/paypal-pypl-dips-more-than-broader-market-what-you-should-know
| 2024-01-31T00:11:44Z
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Carnival (CCL - Free Report) closed at $16.47 in the latest trading session, marking a -0.48% move from the prior day. This change lagged the S&P 500's 0.06% loss on the day. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.76%.
The cruise operator's stock has dropped by 10.73% in the past month, falling short of the Consumer Discretionary sector's gain of 2.59% and the S&P 500's gain of 3.36%.
Analysts and investors alike will be keeping a close eye on the performance of Carnival in its upcoming earnings disclosure. The company's upcoming EPS is projected at -$0.18, signifying a 67.27% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.39 billion, indicating a 21.72% increase compared to the same quarter of the previous year.
Investors might also notice recent changes to analyst estimates for Carnival. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which 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 moved 2.14% higher. Carnival is currently sporting a Zacks Rank of #2 (Buy).
Looking at valuation, Carnival is presently trading at a Forward P/E ratio of 16.48. This represents a premium compared to its industry's average Forward P/E of 16.41.
The Leisure and Recreation Services industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 156, finds itself in the bottom 39% 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.
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/2218267/why-carnival-ccl-dipped-more-than-broader-market-today
| 2024-01-31T00:11:50Z
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The latest trading session saw Diversified Healthcare (DHC - Free Report) ending at $3.05, denoting a -0.65% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.06%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.76%.
Heading into today, shares of the residential care real estate investment trust had lost 17.91% over the past month, lagging the Finance sector's loss of 1.67% and the S&P 500's gain of 3.36% in that time.
Market participants will be closely following the financial results of Diversified Healthcare in its upcoming release. The company plans to announce its earnings on February 26, 2024. In that report, analysts expect Diversified Healthcare to post earnings of $0.05 per share. This would mark year-over-year growth of 66.67%. Meanwhile, our latest consensus estimate is calling for revenue of $362.28 million, up 7.54% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for Diversified Healthcare. 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.
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, 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 54.43% lower. Right now, Diversified Healthcare possesses a Zacks Rank of #4 (Sell).
In terms of valuation, Diversified Healthcare is presently being traded at a Forward P/E ratio of 17.06. This represents a premium compared to its industry's average Forward P/E of 11.34.
The REIT and Equity Trust - Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 109, which puts 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.
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/2218268/diversified-healthcare-dhc-dips-more-than-broader-market-what-you-should-know
| 2024-01-31T00:11:57Z
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Nvidia (NVDA - Free Report) closed the most recent trading day at $627.74, moving +0.49% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.76%.
The maker of graphics chips for gaming and artificial intelligence's shares have seen an increase of 26.14% over the last month, surpassing the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 3.36%.
Investors will be eagerly watching for the performance of Nvidia in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 21, 2024. On that day, Nvidia is projected to report earnings of $4.49 per share, which would represent year-over-year growth of 410.23%. At the same time, our most recent consensus estimate is projecting a revenue of $20.1 billion, reflecting a 232.16% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $12.30 per share and a revenue of $58.92 billion, demonstrating changes of +268.26% and +118.42%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Nvidia. 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.
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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.1% higher. Nvidia currently has a Zacks Rank of #2 (Buy).
Investors should also note Nvidia's current valuation metrics, including its Forward P/E ratio of 50.77. For comparison, its industry has an average Forward P/E of 23.84, which means Nvidia is trading at a premium to the group.
It is also worth noting that NVDA currently has a PEG ratio of 3.76. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Semiconductor - General industry held an average PEG ratio of 2.99.
The Semiconductor - General industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 235, placing it within the bottom 7% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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/2218269/nvidia-nvda-increases-despite-market-slip-heres-what-you-need-to-know
| 2024-01-31T00:12:03Z
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Caterpillar (CAT - Free Report) closed at $304.76 in the latest trading session, marking a +0.5% move from the prior day. This move outpaced the S&P 500's daily loss of 0.06%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.76%.
Shares of the construction equipment company witnessed a gain of 2.56% over the previous month, beating the performance of the Industrial Products sector with its gain of 0.15% and underperforming the S&P 500's gain of 3.36%.
Investors will be eagerly watching for the performance of Caterpillar in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 5, 2024. The company is forecasted to report an EPS of $4.76, showcasing a 23.32% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $17.15 billion, indicating a 3.36% upward movement from the same quarter last year.
Investors should also pay attention to any latest changes in analyst estimates for Caterpillar. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.06% lower. Caterpillar presently features a Zacks Rank of #3 (Hold).
With respect to valuation, Caterpillar is currently being traded at a Forward P/E ratio of 14.77. This represents a premium compared to its industry's average Forward P/E of 10.41.
Also, we should mention that CAT has a PEG ratio of 1.15. 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 average PEG ratio for the Manufacturing - Construction and Mining industry stood at 0.96 at the close of the market yesterday.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 19, placing it within the top 8% 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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https://www.zacks.com/stock/news/2218270/caterpillar-cat-advances-while-market-declines-some-information-for-investors
| 2024-01-31T00:12:09Z
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CrowdStrike Holdings (CRWD - Free Report) closed at $301.35 in the latest trading session, marking a +0.23% move from the prior day. This move outpaced the S&P 500's daily loss of 0.06%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.76%.
Shares of the cloud-based security company witnessed a gain of 17.76% over the previous month, beating the performance of the Computer and Technology sector with its gain of 6.36% and the S&P 500's gain of 3.36%.
Investors will be eagerly watching for the performance of CrowdStrike Holdings in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.82, showcasing a 74.47% upward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $839.04 million, indicating a 31.64% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.95 per share and revenue of $3.05 billion, which would represent changes of +91.56% and +36.05%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for CrowdStrike Holdings. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.44% increase. As of now, CrowdStrike Holdings holds a Zacks Rank of #1 (Strong Buy).
In terms of valuation, CrowdStrike Holdings is currently trading at a Forward P/E ratio of 101.88. For comparison, its industry has an average Forward P/E of 34.36, which means CrowdStrike Holdings is trading at a premium to the group.
We can also see that CRWD currently has a PEG ratio of 2.82. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Internet - Software industry stood at 1.73 at the close of the market yesterday.
The Internet - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 66, finds itself in the top 27% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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/2218271/crowdstrike-holdings-crwd-advances-while-market-declines-some-information-for-investors
| 2024-01-31T00:12:15Z
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Cisco Systems (CSCO - Free Report) closed at $52.24 in the latest trading session, marking a -0.1% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.76%.
Prior to today's trading, shares of the seller of routers, switches, software and services had gained 3.5% over the past month. This has lagged the Computer and Technology sector's gain of 6.36% and outpaced the S&P 500's gain of 3.36% in that time.
The investment community will be paying close attention to the earnings performance of Cisco Systems in its upcoming release. The company is slated to reveal its earnings on February 14, 2024. The company is forecasted to report an EPS of $0.84, showcasing a 4.55% downward movement from the corresponding quarter of the prior year. In the meantime, our current consensus estimate forecasts the revenue to be $12.72 billion, indicating a 6.38% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $3.89 per share and revenue of $54.39 billion, which would represent changes of 0% and -4.58%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Cisco Systems. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 0.45% fall in the Zacks Consensus EPS estimate. Cisco Systems currently has a Zacks Rank of #4 (Sell).
In the context of valuation, Cisco Systems is at present trading with a Forward P/E ratio of 13.45. This indicates a premium in contrast to its industry's Forward P/E of 13.12.
Investors should also note that CSCO has a PEG ratio of 2.17 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. The Computer - Networking industry had an average PEG ratio of 0.75 as trading concluded yesterday.
The Computer - Networking industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 173, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CSCO in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2218272/cisco-systems-csco-falls-more-steeply-than-broader-market-what-investors-need-to-know
| 2024-01-31T00:12:21Z
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Alibaba (BABA - Free Report) closed the most recent trading day at $72.32, moving -1.71% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.06% for the day. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.76%.
Prior to today's trading, shares of the online retailer had lost 5.07% over the past month. This has lagged the Retail-Wholesale sector's gain of 1.86% and the S&P 500's gain of 3.36% in that time.
The investment community will be paying close attention to the earnings performance of Alibaba in its upcoming release. The company is slated to reveal its earnings on February 7, 2024. The company is expected to report EPS of $2.73, down 2.15% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $37.21 billion, indicating a 3.6% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $8.86 per share and revenue of $132.6 billion, which would represent changes of +11.59% and +5.2%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Alibaba. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 3.47% decrease. As of now, Alibaba holds a Zacks Rank of #5 (Strong Sell).
Digging into valuation, Alibaba currently has a Forward P/E ratio of 8.31. This denotes a discount relative to the industry's average Forward P/E of 19.03.
The Internet - Commerce industry is part of the Retail-Wholesale 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 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/2218273/alibaba-baba-suffers-a-larger-drop-than-the-general-market-key-insights
| 2024-01-31T00:12:27Z
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The latest trading session saw Realty Income Corp. (O - Free Report) ending at $55.18, denoting a +0.47% adjustment from its last day's close. This change outpaced the S&P 500's 0.06% loss on the day. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.76%.
The real estate investment trust's stock has dropped by 4.35% in the past month, falling short of the Finance sector's loss of 1.67% and the S&P 500's gain of 3.36%.
The investment community will be closely monitoring the performance of Realty Income Corp. in its forthcoming earnings report. The company is scheduled to release its earnings on February 20, 2024. The company's earnings per share (EPS) are projected to be $1.02, reflecting a 2% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $1.05 billion, indicating a 18.3% upward movement from the same quarter last year.
Any recent changes to analyst estimates for Realty Income Corp. should also be noted by investors. 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.
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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.39% higher within the past month. Realty Income Corp. is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, Realty Income Corp. is currently trading at a Forward P/E ratio of 13.1. This represents no noticeable deviation compared to its industry's average Forward P/E of 13.1.
It's also important to note that O currently trades at a PEG ratio of 4.1. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the REIT and Equity Trust - Retail industry held an average PEG ratio of 3.5.
The REIT and Equity Trust - Retail industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 39, which puts it in the top 16% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow O in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2218274/realty-income-corp-o-advances-while-market-declines-some-information-for-investors
| 2024-01-31T00:12:33Z
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Toll Brothers (TOL - Free Report) closed at $100.15 in the latest trading session, marking a +0.46% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.06%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.76%.
Heading into today, shares of the home builder had lost 3.02% over the past month, lagging the Construction sector's loss of 0.85% and the S&P 500's gain of 3.36% in that time.
The upcoming earnings release of Toll Brothers will be of great interest to investors. In that report, analysts expect Toll Brothers to post earnings of $1.77 per share. This would mark year-over-year growth of 4.12%. Meanwhile, our latest consensus estimate is calling for revenue of $1.87 billion, up 5.12% from the prior-year quarter.
TOL's full-year Zacks Consensus Estimates are calling for earnings of $12.23 per share and revenue of $9.86 billion. These results would represent year-over-year changes of -1.05% and -1.33%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Toll Brothers. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, 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 remained stagnant. Toll Brothers is currently a Zacks Rank #3 (Hold).
Looking at valuation, Toll Brothers is presently trading at a Forward P/E ratio of 8.15. This signifies a discount in comparison to the average Forward P/E of 9.83 for its industry.
It's also important to note that TOL currently trades at a PEG ratio of 1.02. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Building Products - Home Builders industry had an average PEG ratio of 0.78.
The Building Products - Home Builders industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 31, placing it within the top 13% 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.
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/2218275/toll-brothers-tol-rises-as-market-takes-a-dip-key-facts
| 2024-01-31T00:12:40Z
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Enbridge (ENB - Free Report) closed the most recent trading day at $35.98, moving +0.08% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.06%. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.76%.
The the stock of oil and natural gas transportation and power transmission company has fallen by 0.19% in the past month, leading the Oils-Energy sector's loss of 1.02% and undershooting the S&P 500's gain of 3.36%.
The investment community will be closely monitoring the performance of Enbridge in its forthcoming earnings report. The company is scheduled to release its earnings on February 9, 2024. It is anticipated that the company will report an EPS of $0.50, marking an 8.7% rise compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $9.62 billion, showing a 2.68% drop compared to the year-ago quarter.
Investors should also pay attention to any latest changes in analyst estimates for Enbridge. 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.
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.
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 a 0.68% increase. Enbridge is currently sporting a Zacks Rank of #2 (Buy).
In the context of valuation, Enbridge is at present trading with a Forward P/E ratio of 17.02. This indicates a premium in contrast to its industry's Forward P/E of 15.27.
Investors should also note that ENB has a PEG ratio of 2.84 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 Oil and Gas - Production and Pipelines industry had an average PEG ratio of 4.26.
The Oil and Gas - Production and Pipelines industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 33% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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/2218276/enbridge-enb-increases-despite-market-slip-heres-what-you-need-to-know
| 2024-01-31T00:12:46Z
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In the latest market close, Marvell Technology (MRVL - Free Report) reached $68.83, with a -1.87% movement compared to the previous day. The stock's change was less than the S&P 500's daily loss of 0.06%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.76%.
Heading into today, shares of the chipmaker had gained 16.3% over the past month, outpacing the Business Services sector's gain of 1.8% and the S&P 500's gain of 3.36% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Marvell Technology in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.46, showcasing no movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $1.42 billion, indicating a 0.03% downward movement from the same quarter last year.
MRVL's full-year Zacks Consensus Estimates are calling for earnings of $1.51 per share and revenue of $5.5 billion. These results would represent year-over-year changes of -28.77% and -7.13%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Marvell Technology. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To 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 past month, the Zacks Consensus EPS estimate has shifted 0.13% upward. Currently, Marvell Technology is carrying a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Marvell Technology is holding a Forward P/E ratio of 46.45. This signifies a premium in comparison to the average Forward P/E of 24.63 for its industry.
It is also worth noting that MRVL currently has a PEG ratio of 6.08. 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. MRVL's industry had an average PEG ratio of 1.5 as of yesterday's close.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 72, placing it within the top 29% 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.
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/2218277/marvell-technology-mrvl-dips-more-than-broader-market-what-you-should-know
| 2024-01-31T00:12:52Z
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Arbor Realty Trust (ABR - Free Report) closed at $14.20 in the latest trading session, marking a -0.35% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 0.06%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.76%.
Shares of the real estate investment trust witnessed a loss of 6.13% over the previous month, trailing the performance of the Finance sector with its loss of 1.67% and the S&P 500's gain of 3.36%.
The upcoming earnings release of Arbor Realty Trust will be of great interest to investors. The company is expected to report EPS of $0.48, down 20% from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $320.6 million, showing steadiness compared to the year-ago quarter.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Arbor Realty Trust. 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.
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, 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 1.36% fall in the Zacks Consensus EPS estimate. At present, Arbor Realty Trust boasts a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Arbor Realty Trust has a Forward P/E ratio of 7.6 right now. This indicates a discount in contrast to its industry's Forward P/E of 8.04.
The REIT and Equity Trust industry is part of the Finance sector. This industry, currently bearing a Zacks Industry Rank of 207, finds itself in the bottom 18% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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/2218278/why-arbor-realty-trust-abr-dipped-more-than-broader-market-today
| 2024-01-31T00:12:58Z
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The latest trading session saw InMode (INMD - Free Report) ending at $24.03, denoting a -0.99% adjustment from its last day's close. This change lagged the S&P 500's 0.06% loss on the day. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.76%.
Shares of the maker of cosmetic surgery devices have appreciated by 9.13% over the course of the past month, outperforming the Medical sector's gain of 1.65% and the S&P 500's gain of 3.36%.
Market participants will be closely following the financial results of InMode in its upcoming release. The company plans to announce its earnings on February 13, 2024. It is anticipated that the company will report an EPS of $0.68, marking a 12.82% fall compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $126.2 million, reflecting a 5.52% fall from the equivalent quarter last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for InMode. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
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, 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 moved 3.02% lower. Currently, InMode is carrying a Zacks Rank of #5 (Strong Sell).
Digging into valuation, InMode currently has a Forward P/E ratio of 9.44. This indicates a discount in contrast to its industry's Forward P/E of 20.93.
The Medical - Products industry is part of the Medical sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 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.
To follow INMD in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2218279/inmode-inmd-sees-a-more-significant-dip-than-broader-market-some-facts-to-know
| 2024-01-31T00:13:05Z
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MP Materials Corp. (MP - Free Report) ended the recent trading session at $16.05, demonstrating a -1.53% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.06% for the day. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.76%.
Prior to today's trading, shares of the company had lost 17.88% over the past month. This has lagged the Basic Materials sector's loss of 6.09% and the S&P 500's gain of 3.36% in that time.
The upcoming earnings release of MP Materials Corp. will be of great interest to investors. The company's earnings per share (EPS) are projected to be -$0.03, reflecting a 107.14% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $48.24 million, down 48.27% from the prior-year quarter.
It's also important for investors to be aware of any recent modifications to analyst estimates for MP Materials Corp. 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 demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 19.23% downward. As of now, MP Materials Corp. holds a Zacks Rank of #4 (Sell).
Investors should also note MP Materials Corp.'s current valuation metrics, including its Forward P/E ratio of 37.04. This denotes a premium relative to the industry's average Forward P/E of 12.23.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 169, finds itself in the bottom 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/2218280/mp-materials-corp-mp-falls-more-steeply-than-broader-market-what-investors-need-to-know
| 2024-01-31T00:13:05Z
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Zscaler (ZS - Free Report) ended the recent trading session at $241.12, demonstrating a -1.6% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.06% for the day. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.76%.
Prior to today's trading, shares of the cloud-based information security provider had gained 10.6% over the past month. This has outpaced the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 3.36% in that time.
The upcoming earnings release of Zscaler will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.58, reflecting a 56.76% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $506.63 million, up 30.71% from the prior-year quarter.
ZS's full-year Zacks Consensus Estimates are calling for earnings of $2.47 per share and revenue of $2.1 billion. These results would represent year-over-year changes of +37.99% and +29.78%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Zscaler. 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. As of now, Zscaler holds a Zacks Rank of #2 (Buy).
Looking at valuation, Zscaler is presently trading at a Forward P/E ratio of 99.27. For comparison, its industry has an average Forward P/E of 24.1, which means Zscaler is trading at a premium to the group.
We can additionally observe that ZS currently boasts a PEG ratio of 2.68. 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 - Services industry currently had an average PEG ratio of 2.51 as of yesterday's close.
The Internet - Services industry is part of the Computer and Technology 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 assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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https://www.zacks.com/stock/news/2218281/zscaler-zs-falls-more-steeply-than-broader-market-what-investors-need-to-know
| 2024-01-31T00:13:11Z
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The most recent trading session ended with Axcelis Technologies (ACLS - Free Report) standing at $133.41, reflecting a -0.75% shift from the previouse trading day's closing. This move lagged the S&P 500's daily loss of 0.06%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.76%.
The semiconductor services company's shares have seen an increase of 3.65% over the last month, not keeping up with the Computer and Technology sector's gain of 6.36% and outstripping the S&P 500's gain of 3.36%.
Analysts and investors alike will be keeping a close eye on the performance of Axcelis Technologies in its upcoming earnings disclosure. The company's earnings report is set to go public on February 7, 2024. On that day, Axcelis Technologies is projected to report earnings of $1.98 per share, which would represent year-over-year growth of 15.79%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $295.1 million, up 10.92% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Axcelis Technologies. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 1.66% lower within the past month. Axcelis Technologies currently has a Zacks Rank of #4 (Sell).
From a valuation perspective, Axcelis Technologies is currently exchanging hands at a Forward P/E ratio of 17.5. This indicates a discount in contrast to its industry's Forward P/E of 19.62.
Meanwhile, ACLS's PEG ratio is currently 1.07. 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 Electronics - Manufacturing Machinery industry stood at 2.23 at the close of the market yesterday.
The Electronics - Manufacturing Machinery industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 110, placing it within the top 44% 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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https://www.zacks.com/stock/news/2218282/axcelis-technologies-acls-declines-more-than-market-some-information-for-investors
| 2024-01-31T00:13:17Z
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In the latest market close, Kroger (KR - Free Report) reached $46.65, with a +0.26% movement compared to the previous day. This move outpaced the S&P 500's daily loss of 0.06%. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.76%.
Coming into today, shares of the supermarket chain had gained 1.79% in the past month. In that same time, the Retail-Wholesale sector gained 1.86%, while the S&P 500 gained 3.36%.
The investment community will be closely monitoring the performance of Kroger in its forthcoming earnings report. The company's upcoming EPS is projected at $1.13, signifying a 14.14% increase compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $37.27 billion, reflecting a 7.01% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.56 per share and a revenue of $150.23 billion, signifying shifts of +7.8% and +1.33%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Kroger. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.07% downward. Kroger is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Kroger is holding a Forward P/E ratio of 10.2. This represents a discount compared to its industry's average Forward P/E of 13.53.
It's also important to note that KR currently trades at a PEG ratio of 2.31. 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 Retail - Supermarkets industry had an average PEG ratio of 1.03 as trading concluded yesterday.
The Retail - Supermarkets industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 42, which puts it in the top 17% 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.
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/2218283/kroger-kr-increases-despite-market-slip-heres-what-you-need-to-know
| 2024-01-31T00:13:24Z
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SQM (SQM - Free Report) closed at $45.13 in the latest trading session, marking a -1.93% move from the prior day. This change lagged the S&P 500's daily loss of 0.06%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.76%.
Heading into today, shares of the chemicals company had lost 23.58% over the past month, lagging the Basic Materials sector's loss of 6.09% and the S&P 500's gain of 3.36% in that time.
Analysts and investors alike will be keeping a close eye on the performance of SQM in its upcoming earnings disclosure. The company's earnings report is set to go public on February 28, 2024. In that report, analysts expect SQM to post earnings of $1.72 per share. This would mark a year-over-year decline of 57.32%. Alongside, our most recent consensus estimate is anticipating revenue of $1.64 billion, indicating a 47.6% downward movement from the same quarter last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for SQM. 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.
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, 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 no change in the Zacks Consensus EPS estimate. As of now, SQM holds a Zacks Rank of #5 (Strong Sell).
Digging into valuation, SQM currently has a Forward P/E ratio of 8.82. This signifies a discount in comparison to the average Forward P/E of 10.08 for its industry.
The Fertilizers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 196, putting it in the bottom 23% 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/2218284/sqm-sqm-declines-more-than-market-some-information-for-investors
| 2024-01-31T00:13:25Z
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Wingstop (WING - Free Report) closed the latest trading day at $279.20, indicating a +0.08% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.06%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.76%.
Coming into today, shares of the restaurant chain had gained 8.73% in the past month. In that same time, the Retail-Wholesale sector gained 1.86%, while the S&P 500 gained 3.36%.
The upcoming earnings release of Wingstop will be of great interest to investors. The company's earnings report is expected on February 21, 2024. It is anticipated that the company will report an EPS of $0.57, marking a 5% fall compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $119.52 million, indicating a 13.97% increase compared to the same quarter of the previous year.
Investors should also pay attention to any latest changes in analyst estimates for Wingstop. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, 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 moved 1.52% higher. Wingstop presently features a Zacks Rank of #2 (Buy).
Looking at valuation, Wingstop is presently trading at a Forward P/E ratio of 96.9. Its industry sports an average Forward P/E of 21.23, so one might conclude that Wingstop is trading at a premium comparatively.
Meanwhile, WING's PEG ratio is currently 4.44. 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 the market closed yesterday, the Retail - Restaurants industry was having an average PEG ratio of 1.84.
The Retail - Restaurants industry is part of the Retail-Wholesale 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.
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/2218285/why-the-market-dipped-but-wingstop-wing-gained-today
| 2024-01-31T00:13:31Z
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Snowflake Inc. (SNOW - Free Report) ended the recent trading session at $206.25, demonstrating a -1.57% swing from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.06%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.76%.
The company's stock has climbed by 5.3% in the past month, falling short of the Computer and Technology sector's gain of 6.36% and outpacing the S&P 500's gain of 3.36%.
The investment community will be closely monitoring the performance of Snowflake Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on February 28, 2024. The company's earnings per share (EPS) are projected to be $0.17, reflecting a 21.43% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $757.98 million, indicating a 28.69% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $0.79 per share and a revenue of $2.79 billion, demonstrating changes of +216% and +35.05%, respectively, from the preceding year.
Any recent changes to analyst estimates for Snowflake Inc. should also be noted by investors. 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.
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, 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 remained unchanged. Currently, Snowflake Inc. is carrying a Zacks Rank of #4 (Sell).
In the context of valuation, Snowflake Inc. is at present trading with a Forward P/E ratio of 266.28. This represents a premium compared to its industry's average Forward P/E of 34.36.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 66, placing it within the top 27% 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.
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/2218286/why-snowflake-inc-snow-dipped-more-than-broader-market-today
| 2024-01-31T00:13:38Z
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Sinclair (SBGI - Free Report) closed at $16.25 in the latest trading session, marking a -1.22% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.06%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.76%.
Shares of the television broadcasting company witnessed a gain of 26.25% over the previous month, beating the performance of the Consumer Discretionary sector with its gain of 2.59% and the S&P 500's gain of 3.36%.
Analysts and investors alike will be keeping a close eye on the performance of Sinclair in its upcoming earnings disclosure. In that report, analysts expect Sinclair to post earnings of $0.46 per share. This would mark a year-over-year decline of 48.89%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $834.22 million, down 13.1% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Sinclair. 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 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Sinclair presently features a Zacks Rank of #3 (Hold).
Looking at its valuation, Sinclair is holding a Forward P/E ratio of 4.24. This represents a discount compared to its industry's average Forward P/E of 18.59.
It is also worth noting that SBGI currently has a PEG ratio of 1.27. 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 Media Conglomerates was holding an average PEG ratio of 1.79 at yesterday's closing price.
The Media Conglomerates industry is part of the Consumer Discretionary 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.
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/2218287/sinclair-sbgi-falls-more-steeply-than-broader-market-what-investors-need-to-know
| 2024-01-31T00:13:44Z
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In the latest trading session, Nike (NKE - Free Report) closed at $104.18, marking a +0.29% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.76%.
Heading into today, shares of the athletic apparel maker had lost 4.32% over the past month, lagging the Consumer Discretionary sector's gain of 2.59% and the S&P 500's gain of 3.36% in that time.
Market participants will be closely following the financial results of Nike in its upcoming release. In that report, analysts expect Nike to post earnings of $0.72 per share. This would mark a year-over-year decline of 8.86%. At the same time, our most recent consensus estimate is projecting a revenue of $12.35 billion, reflecting a 0.34% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $3.57 per share and a revenue of $51.77 billion, signifying shifts of +10.53% and +1.07%, respectively, from the last year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Nike. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.13% increase. Nike is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Nike is presently being traded at a Forward P/E ratio of 29.11. This valuation marks a premium compared to its industry's average Forward P/E of 13.44.
We can also see that NKE currently has a PEG ratio of 1.93. 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 Shoes and Retail Apparel industry had an average PEG ratio of 1.87.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 73, finds itself in the top 29% 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.
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/2218288/nike-nke-rises-as-market-takes-a-dip-key-facts
| 2024-01-31T00:13:45Z
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Amphastar Pharmaceuticals (AMPH - Free Report) closed at $54.94 in the latest trading session, marking a -0.81% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 0.06%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.76%.
Shares of the specialty pharmaceutical company witnessed a loss of 10.45% over the previous month, trailing the performance of the Medical sector with its gain of 1.65% and the S&P 500's gain of 3.36%.
Analysts and investors alike will be keeping a close eye on the performance of Amphastar Pharmaceuticals in its upcoming earnings disclosure. In that report, analysts expect Amphastar Pharmaceuticals to post earnings of $0.87 per share. This would mark year-over-year growth of 19.18%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $174.9 million, up 29.54% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Amphastar Pharmaceuticals. 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 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, 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. Within the past 30 days, our consensus EPS projection remained stagnant. Amphastar Pharmaceuticals presently features a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, Amphastar Pharmaceuticals is holding a Forward P/E ratio of 14.68. This represents no noticeable deviation compared to its industry's average Forward P/E of 14.68.
It is also worth noting that AMPH currently has a PEG ratio of 0.65. 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 - Generic Drugs was holding an average PEG ratio of 1.15 at yesterday's closing price.
The Medical - Generic Drugs industry is part of the Medical sector. With its current Zacks Industry Rank of 165, this industry ranks in the bottom 35% 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.
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/2218289/amphastar-pharmaceuticals-amph-falls-more-steeply-than-broader-market-what-investors-need-to-know
| 2024-01-31T00:13:52Z
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UiPath (PATH - Free Report) closed the latest trading day at $23.85, indicating a -1.41% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.06%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.76%.
Shares of the enterprise automation software developer have depreciated by 2.62% over the course of the past month, underperforming the Business Services sector's gain of 1.8% and the S&P 500's gain of 3.36%.
The upcoming earnings release of UiPath will be of great interest to investors. The company's upcoming EPS is projected at $0.15, signifying steadiness compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $383.32 million, up 24.23% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.47 per share and a revenue of $1.29 billion, indicating changes of +235.71% and +21.52%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for UiPath. 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. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.96% downward. At present, UiPath boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that UiPath has a Forward P/E ratio of 51.94 right now. For comparison, its industry has an average Forward P/E of 24.63, which means UiPath is trading at a premium to the group.
We can also see that PATH currently has a PEG ratio of 1.48. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Technology Services industry had an average PEG ratio of 1.5.
The Technology Services industry is part of the Business Services sector. At present, this industry carries a Zacks Industry Rank of 72, placing it within the top 29% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to 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/2218290/uipath-path-registers-a-bigger-fall-than-the-market-important-facts-to-note
| 2024-01-31T00:13:58Z
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In the latest trading session, Axon Enterprise (AXON - Free Report) closed at $254.25, marking a -0.19% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.76%.
The maker of stun guns and body cameras's stock has dropped by 1.39% in the past month, falling short of the Industrial Products sector's gain of 0.15% and the S&P 500's gain of 3.36%.
The upcoming earnings release of Axon Enterprise will be of great interest to investors. On that day, Axon Enterprise is projected to report earnings of $0.86 per share, which would represent year-over-year growth of 22.86%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $418.97 million, up 24.64% from the year-ago period.
It's also important for investors to be aware of any recent modifications to analyst estimates for Axon Enterprise. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.4% lower within the past month. Axon Enterprise is currently sporting a Zacks Rank of #4 (Sell).
In terms of valuation, Axon Enterprise is currently trading at a Forward P/E ratio of 61.5. This valuation marks a premium compared to its industry's average Forward P/E of 21.53.
The Security and Safety Services 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.
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/2218291/heres-why-axon-enterprise-axon-fell-more-than-broader-market
| 2024-01-31T00:14:04Z
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The latest trading session saw First Solar (FSLR - Free Report) ending at $149.03, denoting a -0.18% adjustment from its last day's close. This move lagged the S&P 500's daily loss of 0.06%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.76%.
The largest U.S. solar company's stock has dropped by 13.34% in the past month, falling short of the Oils-Energy sector's loss of 1.02% and the S&P 500's gain of 3.36%.
The upcoming earnings release of First Solar will be of great interest to investors. The company's earnings per share (EPS) are projected to be $3.21, reflecting a 4685.71% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.31 billion, indicating a 30.47% growth compared to the corresponding quarter of the prior year.
Investors should also pay attention to any latest changes in analyst estimates for First Solar. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research 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.
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 0.17% higher within the past month. First Solar is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note First Solar's current valuation metrics, including its Forward P/E ratio of 11.29. This valuation marks no noticeable deviation compared to its industry's average Forward P/E of 11.29.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 209, putting it in the bottom 18% 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/2218292/first-solar-fslr-sees-a-more-significant-dip-than-broader-market-some-facts-to-know
| 2024-01-31T00:14:06Z
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Sonim (SONM - Free Report) closed the latest trading day at $0.72, indicating a -0.03% change from the previous session's end. The stock outperformed the S&P 500, which registered a daily loss of 0.06%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.76%.
Coming into today, shares of the company had lost 2% in the past month. In that same time, the Computer and Technology sector gained 6.36%, while the S&P 500 gained 3.36%.
The upcoming earnings release of Sonim will be of great interest to investors.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sonim. 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.
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, 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. As of now, Sonim holds a Zacks Rank of #3 (Hold).
Investors should also note Sonim's current valuation metrics, including its Forward P/E ratio of 12. For comparison, its industry has an average Forward P/E of 14.92, which means Sonim is trading at a discount to the group.
The Wireless Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 83, putting it in the top 33% 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/2218293/sonim-sonm-stock-moves--003-what-you-should-know
| 2024-01-31T00:14:12Z
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The most recent trading session ended with Medtronic (MDT - Free Report) standing at $86.97, reflecting a -0.54% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 0.06%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.76%.
The the stock of medical device company has risen by 6.14% in the past month, leading the Medical sector's gain of 1.65% and the S&P 500's gain of 3.36%.
Investors will be eagerly watching for the performance of Medtronic in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on February 20, 2024. On that day, Medtronic is projected to report earnings of $1.26 per share, which would represent a year-over-year decline of 3.08%. Alongside, our most recent consensus estimate is anticipating revenue of $7.95 billion, indicating a 2.91% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.16 per share and revenue of $32.07 billion, indicating changes of -2.46% and +2.71%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Medtronic. 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 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, 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 remained steady. As of now, Medtronic holds a Zacks Rank of #4 (Sell).
With respect to valuation, Medtronic is currently being traded at a Forward P/E ratio of 16.93. Its industry sports an average Forward P/E of 20.93, so one might conclude that Medtronic is trading at a discount comparatively.
It is also worth noting that MDT currently has a PEG ratio of 3.06. 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 average PEG ratio for the Medical - Products industry stood at 2.5 at the close of the market yesterday.
The Medical - Products industry is part of the Medical sector. Currently, this industry holds a Zacks Industry Rank of 170, positioning it in the bottom 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.
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/2218294/medtronic-mdt-falls-more-steeply-than-broader-market-what-investors-need-to-know
| 2024-01-31T00:14:18Z
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In the latest trading session, Chipotle Mexican Grill (CMG - Free Report) closed at $2,419.28, marking a +0.61% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.06% for the day. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.76%.
Shares of the Mexican food chain have appreciated by 5.14% over the course of the past month, outperforming the Retail-Wholesale sector's gain of 1.86% and the S&P 500's gain of 3.36%.
The investment community will be paying close attention to the earnings performance of Chipotle Mexican Grill in its upcoming release. The company is slated to reveal its earnings on February 6, 2024. The company's upcoming EPS is projected at $9.71, signifying a 17.13% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $2.49 billion, up 14.2% from the prior-year quarter.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Chipotle Mexican Grill. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, 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 0.71% higher. Currently, Chipotle Mexican Grill is carrying a Zacks Rank of #2 (Buy).
In terms of valuation, Chipotle Mexican Grill is currently trading at a Forward P/E ratio of 45.58. For comparison, its industry has an average Forward P/E of 21.23, which means Chipotle Mexican Grill is trading at a premium to the group.
Meanwhile, CMG's PEG ratio is currently 1.76. 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. CMG's industry had an average PEG ratio of 1.84 as of yesterday's close.
The Retail - Restaurants industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 37% 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 CMG in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2218295/chipotle-mexican-grill-cmg-increases-despite-market-slip-heres-what-you-need-to-know
| 2024-01-31T00:14:25Z
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Unum (UNM - Free Report) came out with quarterly earnings of $1.79 per share, missing the Zacks Consensus Estimate of $1.86 per share. This compares to earnings of $1.43 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -3.76%. A quarter ago, it was expected that this insurance company would post earnings of $1.92 per share when it actually produced earnings of $1.94, delivering a surprise of 1.04%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Unum
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.
Unum shares have added about 3.9% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Unum?
While Unum 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 Unum: 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 $1.89 on $3.16 billion in revenues for the coming quarter and $7.86 on $12.81 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Accident and Health is currently in the top 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, Employers Holdings (EIG - Free Report) , is yet to report results for the quarter ended December 2023.
This provider of workers-compensation insurance is expected to post quarterly earnings of $1 per share in its upcoming report, which represents a year-over-year change of -20%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Employers Holdings' revenues are expected to be $213.27 million, down 3.9% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218296/unum-unm-q4-earnings-miss-estimates
| 2024-01-31T00:14:26Z
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Manhattan Associates (MANH - Free Report) came out with quarterly earnings of $1.03 per share, beating the Zacks Consensus Estimate of $0.80 per share. This compares to earnings of $0.81 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 28.75%. A quarter ago, it was expected that this business software company would post earnings of $0.77 per share when it actually produced earnings of $1.05, delivering a surprise of 36.36%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Manhattan Associates
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.
Manhattan Associates shares have added about 4.9% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Manhattan Associates?
While Manhattan Associates 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 Manhattan Associates: 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 $0.82 on $236.1 million in revenues for the coming quarter and $3.63 on $1.01 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, Computer - Software is currently in the top 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.
Pros Holdings (PRO - 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 8.
This pricing and revenue-management software maker is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of +200%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Pros Holdings' revenues are expected to be $76.66 million, up 8.1% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218297/manhattan-associates-manh-q4-earnings-and-revenues-surpass-estimates
| 2024-01-31T00:14:32Z
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Juniper Networks (JNPR - Free Report) came out with quarterly earnings of $0.61 per share, missing the Zacks Consensus Estimate of $0.64 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -4.69%. A quarter ago, it was expected that this computer network equipment maker would post earnings of $0.55 per share when it actually produced earnings of $0.60, delivering a surprise of 9.09%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Juniper
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.
Juniper shares have added about 26.3% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Juniper?
While Juniper 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 Juniper: 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 $0.40 on $1.25 billion in revenues for the coming quarter and $2.33 on $5.47 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Wireless Equipment is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, InterDigital (IDCC - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on February 15.
This wireless research and development company is expected to post quarterly earnings of $1.21 per share in its upcoming report, which represents a year-over-year change of +12%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
InterDigital's revenues are expected to be $104.31 million, down 10.9% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218298/juniper-networks-jnpr-lags-q4-earnings-and-revenue-estimates
| 2024-01-31T00:14:39Z
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Powell Industries (POWL - Free Report) came out with quarterly earnings of $1.98 per share, beating the Zacks Consensus Estimate of $1 per share. This compares to earnings of $0.10 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 98%. A quarter ago, it was expected that this energy equipment company would post earnings of $1.24 per share when it actually produced earnings of $1.95, delivering a surprise of 57.26%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Powell Industries
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.
Powell Industries shares have lost about 9.7% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Powell Industries?
While Powell Industries 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 Powell Industries: 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 $1.26 on $188.5 million in revenues for the coming quarter and $5.23 on $804.2 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, Manufacturing - Electronics is currently in the top 5% 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, EnerSys (ENS - Free Report) , is yet to report results for the quarter ended December 2023. The results are expected to be released on February 7.
This maker of industrial batteries is expected to post quarterly earnings of $2.55 per share in its upcoming report, which represents a year-over-year change of +100.8%. The consensus EPS estimate for the quarter has been revised 1% lower over the last 30 days to the current level.
EnerSys' revenues are expected to be $896.77 million, down 2.6% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218299/powell-industries-powl-surpasses-q1-earnings-and-revenue-estimates
| 2024-01-31T00:14:45Z
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Match Group (MTCH - Free Report) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.49 per share. This compares to earnings of $0.30 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 65.31%. A quarter ago, it was expected that this media and internet company would post earnings of $0.53 per share when it actually produced earnings of $0.57, delivering a surprise of 7.55%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Match Group
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.
Match Group shares have added about 5.2% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Match Group?
While Match Group 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 Match Group: 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 $0.50 on $871.96 million in revenues for the coming quarter and $2.19 on $3.62 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 - Commerce 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, Booking Holdings (BKNG - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on February 22.
This online booking service is expected to post quarterly earnings of $29.62 per share in its upcoming report, which represents a year-over-year change of +19.7%. The consensus EPS estimate for the quarter has been revised 2.7% higher over the last 30 days to the current level.
Booking Holdings' revenues are expected to be $4.64 billion, up 14.7% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218300/match-group-mtch-q4-earnings-and-revenues-surpass-estimates
| 2024-01-31T00:14:46Z
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RenaissanceRe (RNR - Free Report) came out with quarterly earnings of $11.77 per share, beating the Zacks Consensus Estimate of $8.13 per share. This compares to earnings of $7.33 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 44.77%. A quarter ago, it was expected that this insurance company would post earnings of $6.54 per share when it actually produced earnings of $8.33, delivering a surprise of 27.37%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
RenaissanceRe
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.
RenaissanceRe shares have added about 9.5% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for RenaissanceRe?
While RenaissanceRe 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 RenaissanceRe: 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 $9.80 on $2.43 billion in revenues for the coming quarter and $33.01 on $10.41 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Insurance - Property and Casualty is currently in the top 42% 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, NMI Holdings (NMIH - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on February 14.
This mortgage insurance company is expected to post quarterly earnings of $0.95 per share in its upcoming report, which represents a year-over-year change of +10.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
NMI Holdings' revenues are expected to be $150.03 million, up 12.7% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218301/renaissancere-rnr-q4-earnings-and-revenues-beat-estimates
| 2024-01-31T00:14:52Z
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UMB Financial (UMBF - Free Report) came out with quarterly earnings of $2.29 per share, beating the Zacks Consensus Estimate of $1.76 per share. This compares to earnings of $2.06 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 30.11%. A quarter ago, it was expected that this bank holding company would post earnings of $1.76 per share when it actually produced earnings of $2.02, delivering a surprise of 14.77%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
UMB
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.
UMB shares have lost about 0.1% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for UMB?
While UMB 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 UMB: 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 $1.68 on $362.37 million in revenues for the coming quarter and $7.03 on $1.49 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Midwest is currently in the top 8% 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.
Victory Capital Holdings (VCTR - Free Report) , another stock in the broader Zacks Finance sector, has yet to report results for the quarter ended December 2023. The results are expected to be released on February 8.
This investment management firm is expected to post quarterly earnings of $1.14 per share in its upcoming report, which represents a year-over-year change of +8.6%. The consensus EPS estimate for the quarter has been revised 2.5% higher over the last 30 days to the current level.
Victory Capital Holdings' revenues are expected to be $203.35 million, up 0.9% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218302/umb-financial-umbf-tops-q4-earnings-and-revenue-estimates
| 2024-01-31T00:14:59Z
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Modine (MOD - Free Report) came out with quarterly earnings of $0.74 per share, beating the Zacks Consensus Estimate of $0.57 per share. This compares to earnings of $0.48 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 29.82%. A quarter ago, it was expected that this heating and cooling products maker would post earnings of $0.64 per share when it actually produced earnings of $0.89, delivering a surprise of 39.06%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Modine
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.
Modine shares have added about 10.6% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Modine?
While Modine 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 Modine: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.70 on $622.3 million in revenues for the coming quarter and $3.04 on $2.45 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, Automotive - Original Equipment 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, Driven Brands Holdings Inc. (DRVN - Free Report) , has yet to report results for the quarter ended December 2023.
This company is expected to post quarterly earnings of $0.18 per share in its upcoming report, which represents a year-over-year change of -28%. The consensus EPS estimate for the quarter has been revised 1.6% higher over the last 30 days to the current level.
Driven Brands Holdings Inc.'s revenues are expected to be $568.28 million, up 5.3% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218303/modine-mod-q3-earnings-top-estimates
| 2024-01-31T00:15:05Z
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The most recent trading session ended with Cloudflare (NET - Free Report) standing at $82.96, reflecting a -1.59% shift from the previouse trading day's closing. The stock trailed the S&P 500, which registered a daily loss of 0.06%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.76%.
Shares of the web security and content delivery company have appreciated by 1.25% over the course of the past month, underperforming the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 3.36%.
The upcoming earnings release of Cloudflare will be of great interest to investors. The company's earnings report is expected on February 8, 2024. The company is forecasted to report an EPS of $0.12, showcasing a 100% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $352.7 million, up 28.39% from the prior-year quarter.
Any recent changes to analyst estimates for Cloudflare should also be noted by investors. Recent revisions tend to reflect the latest 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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Cloudflare possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Cloudflare is currently exchanging hands at a Forward P/E ratio of 158.51. This expresses a premium compared to the average Forward P/E of 34.36 of its industry.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 66, putting it in the top 27% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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/2218304/cloudflare-net-dips-more-than-broader-market-what-you-should-know
| 2024-01-31T00:15:06Z
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Monday.com (MNDY - Free Report) closed the latest trading day at $218.08, indicating a -0.33% change from the previous session's end. The stock's performance was behind the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.76%.
Coming into today, shares of the project management software developer had gained 16.5% in the past month. In that same time, the Computer and Technology sector gained 6.36%, while the S&P 500 gained 3.36%.
Analysts and investors alike will be keeping a close eye on the performance of Monday.com in its upcoming earnings disclosure. The company's earnings report is set to go public on February 12, 2024. The company's upcoming EPS is projected at $0.30, signifying a 31.82% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $198.29 million, indicating a 32.27% growth compared to the corresponding quarter of the prior year.
Any recent changes to analyst estimates for Monday.com should also be noted by investors. 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 take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Monday.com holds a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Monday.com is presently being traded at a Forward P/E ratio of 126.58. For comparison, its industry has an average Forward P/E of 34.36, which means Monday.com is trading at a premium to the group.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 66, this industry ranks in the top 27% 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.
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/2218305/mondaycom-mndy-declines-more-than-market-some-information-for-investors
| 2024-01-31T00:15:13Z
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Boise Cascade (BCC - Free Report) closed the latest trading day at $137.57, indicating a +0.51% change from the previous session's end. The stock exceeded the S&P 500, which registered a loss of 0.06% for the day. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.76%.
The engineered wood products and plywood company's stock has climbed by 5.81% in the past month, exceeding the Construction sector's loss of 0.85% and the S&P 500's gain of 3.36%.
The investment community will be paying close attention to the earnings performance of Boise Cascade in its upcoming release. The company is forecasted to report an EPS of $2.45, showcasing a 16.95% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.59 billion, reflecting a 2.61% fall from the equivalent quarter last year.
Any recent changes to analyst estimates for Boise Cascade should also be noted by investors. 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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 4.56% upward. Boise Cascade is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Boise Cascade is currently trading at a Forward P/E ratio of 12.01. This expresses a discount compared to the average Forward P/E of 24.09 of its industry.
The Building Products - Wood industry is part of the Construction sector. Currently, this industry holds a Zacks Industry Rank of 40, positioning it in the top 16% 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 BCC in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2218306/boise-cascade-bcc-increases-despite-market-slip-heres-what-you-need-to-know
| 2024-01-31T00:15:19Z
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The most recent trading session ended with VALE S.A. (VALE - Free Report) standing at $13.89, reflecting a -0.71% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.06%. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.76%.
The the stock of company has fallen by 11.79% in the past month, lagging the Basic Materials sector's loss of 6.09% and the S&P 500's gain of 3.36%.
The investment community will be closely monitoring the performance of VALE S.A. in its forthcoming earnings report. The company is scheduled to release its earnings on February 22, 2024. The company is forecasted to report an EPS of $0.92, showcasing a 12.2% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.5 billion, up 4.65% from the year-ago period.
Investors should also pay attention to any latest changes in analyst estimates for VALE S.A. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
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 3.93% downward. At present, VALE S.A. boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that VALE S.A. has a Forward P/E ratio of 5.09 right now. This represents a discount compared to its industry's average Forward P/E of 9.03.
The Mining - Iron industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 3, placing it within the top 2% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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https://www.zacks.com/stock/news/2218307/heres-why-vale-sa-vale-fell-more-than-broader-market
| 2024-01-31T00:15:25Z
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In the latest market close, Terex (TEX - Free Report) reached $62.92, with a -0.24% movement compared to the previous day. The stock's change was less than the S&P 500's daily loss of 0.06%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.76%.
Coming into today, shares of the machinery products maker had gained 9.76% in the past month. In that same time, the Industrial Products sector gained 0.15%, while the S&P 500 gained 3.36%.
The investment community will be paying close attention to the earnings performance of Terex in its upcoming release. The company is slated to reveal its earnings on February 8, 2024. The company is forecasted to report an EPS of $1.41, showcasing a 5.22% upward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $1.22 billion, indicating a 0.46% increase compared to the same quarter of the previous year.
Investors might also notice recent changes to analyst estimates for Terex. 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 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 a 1.23% decrease. At present, Terex boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Terex has a Forward P/E ratio of 8.87 right now. Its industry sports an average Forward P/E of 10.41, so one might conclude that Terex is trading at a discount comparatively.
Investors should also note that TEX has a PEG ratio of 0.85 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. TEX's industry had an average PEG ratio of 0.96 as of yesterday's close.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 19, putting it in the top 8% 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/2218308/terex-tex-declines-more-than-market-some-information-for-investors
| 2024-01-31T00:15:27Z
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Linde (LIN - Free Report) closed the latest trading day at $407.85, indicating a +0.55% change from the previous session's end. The stock outpaced the S&P 500's daily loss of 0.06%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.76%.
Prior to today's trading, shares of the gas supplier had lost 1.24% over the past month. This has was narrower than the Basic Materials sector's loss of 6.09% and lagged the S&P 500's gain of 3.36% in that time.
The investment community will be paying close attention to the earnings performance of Linde in its upcoming release. The company is slated to reveal its earnings on February 6, 2024. The company's upcoming EPS is projected at $3.50, signifying a 10.76% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $8.06 billion, indicating a 2.07% increase compared to the same quarter of the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Linde. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, 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 0.14% decrease. Linde presently features a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Linde has a Forward P/E ratio of 26.15 right now. This valuation marks a premium compared to its industry's average Forward P/E of 16.04.
Also, we should mention that LIN has a PEG ratio of 2.5. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Chemical - Specialty was holding an average PEG ratio of 2.5 at yesterday's closing price.
The Chemical - Specialty industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 196, this industry ranks in the bottom 23% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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https://www.zacks.com/stock/news/2218309/why-the-market-dipped-but-linde-lin-gained-today
| 2024-01-31T00:15:33Z
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Suzano S.A. Sponsored ADR (SUZ - Free Report) closed the most recent trading day at $10.50, moving +1.84% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.76%.
Prior to today's trading, shares of the company had lost 9.24% over the past month. This has lagged the Basic Materials sector's loss of 6.09% and the S&P 500's gain of 3.36% in that time.
The investment community will be closely monitoring the performance of Suzano S.A. Sponsored ADR in its forthcoming earnings report. It is anticipated that the company will report an EPS of $0.70, marking a 35.19% fall compared to the same quarter of the previous year.
It is also important to note the recent changes to analyst estimates for Suzano S.A. Sponsored ADR. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system 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, there's been a 4.43% rise in the Zacks Consensus EPS estimate. Currently, Suzano S.A. Sponsored ADR is carrying a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Suzano S.A. Sponsored ADR is presently being traded at a Forward P/E ratio of 6.25. This indicates a discount in contrast to its industry's Forward P/E of 11.49.
The Paper and Related Products industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 10, which puts it in the top 4% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow SUZ in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2218310/suzano-sa-sponsored-adr-suz-gains-as-market-dips-what-you-should-know
| 2024-01-31T00:15:39Z
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Symbotic Inc. (SYM - Free Report) closed the most recent trading day at $44.10, moving +0.07% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.76%.
Prior to today's trading, shares of the company had lost 14.14% over the past month. This has lagged the Business Services sector's gain of 1.8% and the S&P 500's gain of 3.36% in that time.
The investment community will be closely monitoring the performance of Symbotic Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on February 5, 2024. It is anticipated that the company will report an EPS of -$0.05, marking a 58.33% rise compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $371 million, indicating a 79.83% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of -$0.02 per share and revenue of $1.79 billion, indicating changes of +94.59% and +51.71%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Symbotic Inc. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Symbotic Inc. possesses a Zacks Rank of #2 (Buy).
The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 72, which puts it in the top 29% 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/2218311/symbotic-inc-sym-gains-as-market-dips-what-you-should-know
| 2024-01-31T00:15:45Z
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American Woodmark (AMWD - Free Report) closed the most recent trading day at $94.28, moving +0.18% from the previous trading session. The stock outpaced the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.76%.
Shares of the cabinet maker have appreciated by 1.36% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 2.59% and the S&P 500's gain of 3.36%.
The investment community will be paying close attention to the earnings performance of American Woodmark in its upcoming release. The company is forecasted to report an EPS of $1.13, showcasing a 22.6% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $366.9 million, reflecting a 23.68% fall from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $8.47 per share and revenue of $1.79 billion, indicating changes of +11.15% and -13.31%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for American Woodmark. 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.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. American Woodmark is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that American Woodmark has a Forward P/E ratio of 11.11 right now. This denotes a discount relative to the industry's average Forward P/E of 15.39.
Investors should also note that AMWD has a PEG ratio of 0.85 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. As the market closed yesterday, the Furniture industry was having an average PEG ratio of 1.17.
The Furniture industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 32, which puts it in the top 13% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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/2218312/why-the-market-dipped-but-american-woodmark-amwd-gained-today
| 2024-01-31T00:15:47Z
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In the latest market close, QuantumScape Corporation (QS - Free Report) reached $7.04, with a -1.95% movement compared to the previous day. The stock's performance was behind the S&P 500's daily loss of 0.06%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.76%.
The company's shares have seen an increase of 3.31% over the last month, surpassing the Auto-Tires-Trucks sector's loss of 10.26% and falling behind the S&P 500's gain of 3.36%.
Market participants will be closely following the financial results of QuantumScape Corporation in its upcoming release. The company's upcoming EPS is projected at -$0.23, signifying an 8% increase compared to the same quarter of the previous year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for QuantumScape Corporation. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health 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.
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. QuantumScape Corporation is currently sporting a Zacks Rank of #3 (Hold).
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks 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 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/2218313/quantumscape-corporation-qs-declines-more-than-market-some-information-for-investors
| 2024-01-31T00:15:53Z
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The most recent trading session ended with Ryerson Holding (RYI - Free Report) standing at $34.89, reflecting a +0.58% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.06% loss on the day. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.76%.
Shares of the metal products distributor and processor have appreciated by 0.03% over the course of the past month, outperforming the Basic Materials sector's loss of 6.09% and lagging the S&P 500's gain of 3.36%.
Analysts and investors alike will be keeping a close eye on the performance of Ryerson Holding in its upcoming earnings disclosure. The company's earnings report is set to go public on February 21, 2024. The company is predicted to post an EPS of $0.24, indicating a 136.92% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $1.12 billion, indicating a 12.72% decline compared to the corresponding quarter of the prior year.
Investors should also note any recent changes to analyst estimates for Ryerson Holding. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research 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.
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 remained unchanged. Ryerson Holding presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Ryerson Holding is presently being traded at a Forward P/E ratio of 12.17. This denotes a premium relative to the industry's average Forward P/E of 9.55.
The Steel - Producers industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 159, this industry ranks in the bottom 37% 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.
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/2218314/ryerson-holding-ryi-advances-while-market-declines-some-information-for-investors
| 2024-01-31T00:15:59Z
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The most recent trading session ended with Sterling Infrastructure (STRL - Free Report) standing at $77.17, reflecting a +0.18% shift from the previouse trading day's closing. This change outpaced the S&P 500's 0.06% loss on the day. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.76%.
Shares of the civil construction company have depreciated by 12.4% over the course of the past month, underperforming the Construction sector's loss of 0.85% and the S&P 500's gain of 3.36%.
Analysts and investors alike will be keeping a close eye on the performance of Sterling Infrastructure in its upcoming earnings disclosure. The company is predicted to post an EPS of $1, indicating a 51.52% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $526.9 million, indicating a 17.45% growth compared to the corresponding quarter of the prior year.
Investors should also note any recent changes to analyst estimates for Sterling Infrastructure. These latest adjustments often mirror the shifting dynamics of short-term business patterns. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research 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.
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 moved 0.63% lower. Sterling Infrastructure presently features a Zacks Rank of #4 (Sell).
In terms of valuation, Sterling Infrastructure is presently being traded at a Forward P/E ratio of 16.37. This denotes no noticeable deviation relative to the industry's average Forward P/E of 16.37.
One should further note that STRL currently holds a PEG ratio of 0.82. 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 Engineering - R and D Services industry stood at 1.2 at the close of the market yesterday.
The Engineering - R and D Services industry is part of the Construction sector. With its current Zacks Industry Rank of 159, this industry ranks in the bottom 37% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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/2218315/sterling-infrastructure-strl-advances-while-market-declines-some-information-for-investors
| 2024-01-31T00:16:06Z
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Synopsys (SNPS - Free Report) closed at $543.18 in the latest trading session, marking a +0.61% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.76%.
Heading into today, shares of the maker of software used to test and develop chips had gained 4.85% over the past month, lagging the Computer and Technology sector's gain of 6.36% and outpacing the S&P 500's gain of 3.36% in that time.
Market participants will be closely following the financial results of Synopsys in its upcoming release. The company plans to announce its earnings on February 21, 2024. The company is predicted to post an EPS of $3.43, indicating a 30.92% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.65 billion, showing a 20.87% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $13.41 per share and a revenue of $6.61 billion, demonstrating changes of +19.84% and +13.1%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Synopsys. 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.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.02% downward. At present, Synopsys boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Synopsys is holding a Forward P/E ratio of 40.27. This expresses a premium compared to the average Forward P/E of 34.55 of its industry.
Also, we should mention that SNPS has a PEG ratio of 2.36. 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 average PEG ratio for the Computer - Software industry stood at 2.39 at the close of the market yesterday.
The Computer - Software industry is part of the Computer and Technology sector. This industry, currently bearing a Zacks Industry Rank of 88, finds itself in the top 35% 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.
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/2218316/synopsys-snps-gains-as-market-dips-what-you-should-know
| 2024-01-31T00:16:12Z
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Oneok Inc. (OKE - Free Report) closed at $69.83 in the latest trading session, marking a +0.26% move from the prior day. The stock's performance was ahead of the S&P 500's daily loss of 0.06%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.76%.
Heading into today, shares of the natural gas company had lost 0.81% over the past month, outpacing the Oils-Energy sector's loss of 1.02% and lagging the S&P 500's gain of 3.36% in that time.
Market participants will be closely following the financial results of Oneok Inc. in its upcoming release. The company plans to announce its earnings on February 26, 2024. The company is predicted to post an EPS of $1.25, indicating a 15.74% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $5.55 billion, showing a 10.3% escalation compared to the year-ago quarter.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for Oneok Inc. 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 demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 5.53% increase. Right now, Oneok Inc. possesses a Zacks Rank of #3 (Hold).
Digging into valuation, Oneok Inc. currently has a Forward P/E ratio of 14.36. This valuation marks a premium compared to its industry's average Forward P/E of 12.84.
One should further note that OKE currently holds a PEG ratio of 1.88. 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 Oil and Gas - Production Pipeline - MLB industry was having an average PEG ratio of 1.88.
The Oil and Gas - Production Pipeline - MLB industry is part of the Oils-Energy sector. Currently, this industry holds a Zacks Industry Rank of 83, positioning it in the top 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/2218317/oneok-inc-oke-gains-as-market-dips-what-you-should-know
| 2024-01-31T00:16:18Z
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The most recent trading session ended with Kinsale Capital Group, Inc. (KNSL - Free Report) standing at $400.03, reflecting a +0.65% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.76%.
Shares of the company witnessed a gain of 18.67% over the previous month, beating the performance of the Finance sector with its loss of 1.67% and the S&P 500's gain of 3.36%.
The upcoming earnings release of Kinsale Capital Group, Inc. will be of great interest to investors. The company's earnings report is expected on February 15, 2024. In that report, analysts expect Kinsale Capital Group, Inc. to post earnings of $3.44 per share. This would mark year-over-year growth of 32.31%. At the same time, our most recent consensus estimate is projecting a revenue of $338.45 million, reflecting a 39.3% rise from the equivalent quarter last year.
Investors should also pay attention to any latest changes in analyst estimates for Kinsale Capital Group, Inc. 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. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.27% increase. Kinsale Capital Group, Inc. is holding a Zacks Rank of #3 (Hold) right now.
Looking at valuation, Kinsale Capital Group, Inc. is presently trading at a Forward P/E ratio of 26.93. This signifies a premium in comparison to the average Forward P/E of 13.01 for its industry.
The Insurance - Property and Casualty industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 42% 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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https://www.zacks.com/stock/news/2218318/kinsale-capital-group-inc-knsl-increases-despite-market-slip-heres-what-you-need-to-know
| 2024-01-31T00:16:24Z
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Fiverr International (FVRR - Free Report) ended the recent trading session at $28.19, demonstrating a -1.98% swing from the preceding day's closing price. This change lagged the S&P 500's 0.06% loss on the day. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.76%.
The online marketplace for freelance services's shares have seen an increase of 5.66% over the last month, surpassing the Retail-Wholesale sector's gain of 1.86% and the S&P 500's gain of 3.36%.
Analysts and investors alike will be keeping a close eye on the performance of Fiverr International in its upcoming earnings disclosure. The company's earnings report is set to go public on February 22, 2024. In that report, analysts expect Fiverr International to post earnings of $0.52 per share. This would mark year-over-year growth of 100%. Our most recent consensus estimate is calling for quarterly revenue of $92.38 million, up 11.13% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Fiverr International. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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 utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Fiverr International is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Fiverr International is presently being traded at a Forward P/E ratio of 12.14. This indicates a discount in contrast to its industry's Forward P/E of 19.03.
The Internet - Commerce industry is part of the Retail-Wholesale 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 is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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https://www.zacks.com/stock/news/2218319/fiverr-international-fvrr-falls-more-steeply-than-broader-market-what-investors-need-to-know
| 2024-01-31T00:16:31Z
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The most recent trading session ended with Diamondback Energy (FANG - Free Report) standing at $156.93, reflecting a +1.34% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.06%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.76%.
Shares of the energy exploration and production company witnessed a loss of 0.14% over the previous month, beating the performance of the Oils-Energy sector with its loss of 1.02% and underperforming the S&P 500's gain of 3.36%.
The upcoming earnings release of Diamondback Energy will be of great interest to investors. The company's earnings report is expected on February 20, 2024. In that report, analysts expect Diamondback Energy to post earnings of $4.82 per share. This would mark a year-over-year decline of 8.88%. At the same time, our most recent consensus estimate is projecting a revenue of $2.19 billion, reflecting a 7.64% rise from the equivalent quarter last year.
Investors should also pay attention to any latest changes in analyst estimates for Diamondback Energy. 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. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 11.7% decrease. Diamondback Energy is holding a Zacks Rank of #4 (Sell) right now.
Looking at valuation, Diamondback Energy is presently trading at a Forward P/E ratio of 8.38. This signifies a discount in comparison to the average Forward P/E of 8.47 for its industry.
We can additionally observe that FANG currently boasts a PEG ratio of 0.38. 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 Oil and Gas - Exploration and Production - United States industry currently had an average PEG ratio of 0.66 as of yesterday's close.
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 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/2218320/diamondback-energy-fang-increases-despite-market-slip-heres-what-you-need-to-know
| 2024-01-31T00:16:37Z
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The most recent trading session ended with SentinelOne (S - Free Report) standing at $27.62, reflecting a -1.99% shift from the previouse trading day's closing. This change lagged the S&P 500's daily loss of 0.06%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.76%.
The cybersecurity provider's shares have seen an increase of 2.7% over the last month, not keeping up with the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 3.36%.
Market participants will be closely following the financial results of SentinelOne in its upcoming release. The company is predicted to post an EPS of -$0.04, indicating a 69.23% growth compared to the equivalent quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $169.51 million, up 34.42% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of -$0.30 per share and revenue of $616.49 million, which would represent changes of +57.14% and +46.03%, respectively, from the prior year.
Furthermore, it would be beneficial for investors to monitor any recent shifts in analyst projections for SentinelOne. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. SentinelOne presently features a Zacks Rank of #2 (Buy).
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 58, putting it in the top 24% 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.
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/2218321/why-sentinelone-s-dipped-more-than-broader-market-today
| 2024-01-31T00:16:43Z
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eGain (EGAN - Free Report) ended the recent trading session at $7.68, demonstrating a -0.9% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.06% for the day. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.76%.
Coming into today, shares of the maker of customer engagement software had lost 6.96% in the past month. In that same time, the Computer and Technology sector gained 6.36%, while the S&P 500 gained 3.36%.
The investment community will be closely monitoring the performance of eGain in its forthcoming earnings report. The company is scheduled to release its earnings on February 8, 2024. The company's upcoming EPS is projected at $0.08, signifying a 60% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $23.53 million, indicating an 8.09% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $0.39 per share and a revenue of $97.67 million, demonstrating changes of +56% and -0.35%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for eGain. 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.
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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, eGain is carrying a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that eGain has a Forward P/E ratio of 19.87 right now. This signifies a discount in comparison to the average Forward P/E of 34.36 for its industry.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 66, this industry ranks in the top 27% 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/2218322/egain-egan-declines-more-than-market-some-information-for-investors
| 2024-01-31T00:16:49Z
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Akamai Technologies (AKAM - Free Report) closed at $124.66 in the latest trading session, marking a +0.1% move from the prior day. This change outpaced the S&P 500's 0.06% loss on the day. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.76%.
Heading into today, shares of the cloud services provider had gained 5.22% over the past month, lagging the Computer and Technology sector's gain of 6.36% and outpacing the S&P 500's gain of 3.36% in that time.
Analysts and investors alike will be keeping a close eye on the performance of Akamai Technologies in its upcoming earnings disclosure. The company's earnings report is set to go public on February 13, 2024. The company's earnings per share (EPS) are projected to be $1.59, reflecting a 16.06% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $997.61 million, up 7.53% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Akamai Technologies. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 moved 0.09% higher. Akamai Technologies is holding a Zacks Rank of #3 (Hold) right now.
In the context of valuation, Akamai Technologies is at present trading with a Forward P/E ratio of 18.58. This denotes a discount relative to the industry's average Forward P/E of 24.1.
We can also see that AKAM currently has a PEG ratio of 2.34. 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 2.51 based on yesterday's closing prices.
The Internet - Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 110, putting it in the top 44% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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https://www.zacks.com/stock/news/2218323/akamai-technologies-akam-ascends-while-market-falls-some-facts-to-note
| 2024-01-31T00:16:56Z
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Hawaiian Holdings (HA - Free Report) reported $669.07 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 8.5%. EPS of -$2.37 for the same period compares to -$0.49 a year ago.
The reported revenue represents a surprise of -0.02% over the Zacks Consensus Estimate of $669.22 million. With the consensus EPS estimate being -$2.35, the EPS surprise was -0.85%.
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 Hawaiian Holdings performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Scheduled Operations - Passenger load factor (RPM/ASM): 82.7% versus the two-analyst average estimate of 88.1%.
- Operating Revenue- Other: $67.45 million versus $70.71 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -15.9% change.
- Operating Revenue- Passenger: $601.62 million compared to the $603.59 million average estimate based on two analysts. The reported number represents a change of -7.6% year over year.
Shares of Hawaiian Holdings have returned +3.7% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218324/compared-to-estimates-hawaiian-holdings-ha-q4-earnings-a-look-at-key-metrics
| 2024-01-31T00:17:02Z
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Advanced Micro Devices (AMD - Free Report) reported $6.17 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 10.2%. EPS of $0.77 for the same period compares to $0.69 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $6.11 billion, representing a surprise of +0.88%. The company has not delivered EPS surprise, with the consensus EPS estimate being $0.77.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Advanced Micro performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net revenue- Data Center: $2.28 billion compared to the $2.29 billion average estimate based on seven analysts. The reported number represents a change of +37.9% year over year.
- Net revenue- Embedded: $1.06 billion compared to the $1.06 billion average estimate based on seven analysts.
- Net revenue- Gaming: $1.37 billion versus the seven-analyst average estimate of $1.27 billion.
- Net revenue- Client: $1.46 billion versus $1.50 billion estimated by seven analysts on average. Compared to the year-ago quarter, this number represents a +61.8% change.
Shares of Advanced Micro have returned +20.6% over the past month versus the Zacks S&P 500 composite's +3.4% 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/2218325/advanced-micro-amd-q4-earnings-how-key-metrics-compare-to-wall-street-estimates
| 2024-01-31T00:17:08Z
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For the quarter ended December 2023, Electronic Arts (EA - Free Report) reported revenue of $2.37 billion, up 1% over the same period last year. EPS came in at $2.96, compared to $2.71 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $2.39 billion, representing a surprise of -1.00%. The company delivered an EPS surprise of +1.37%, with the consensus EPS estimate being $2.92.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Electronic Arts performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Bookings: $2.37 billion versus $2.38 billion estimated by eight analysts on average.
- Net revenue by composition- Packaged goods - Non-GAAP (Net Bookings): $191 million compared to the $205.49 million average estimate based on four analysts. The reported number represents a change of -12.8% year over year.
- Net revenue by composition- Full game downloads - Non-GAAP (Net Bookings): $463 million versus the four-analyst average estimate of $465.75 million. The reported number represents a year-over-year change of -1.1%.
- Net revenue by composition- Live services and other - Non-GAAP (Net Bookings): $1.71 billion versus the three-analyst average estimate of $1.63 billion. The reported number represents a year-over-year change of +3.4%.
Shares of Electronic Arts have returned +1.3% over the past month versus the Zacks S&P 500 composite's +3.4% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218326/compared-to-estimates-electronic-arts-ea-q3-earnings-a-look-at-key-metrics
| 2024-01-31T00:17:14Z
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For the quarter ended December 2023, Alphabet (GOOGL - Free Report) reported revenue of $72.32 billion, up 14.6% over the same period last year. EPS came in at $1.64, compared to $1.05 in the year-ago quarter.
The reported revenue represents a surprise of +2.19% over the Zacks Consensus Estimate of $70.77 billion. With the consensus EPS estimate being $1.60, the EPS surprise was +2.50%.
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 Alphabet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total TAC (traffic acquisition costs): $13.99 billion versus the 13-analyst average estimate of $13.95 billion.
- Headcount (Number of employees): 182,502 versus the three-analyst average estimate of 182,484.
- Revenues- EMEA (Europe, Middle East, and Africa): $25.01 billion versus $24.76 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +14.9% change.
- Revenues- United States: $42 billion compared to the $40.09 billion average estimate based on three analysts. The reported number represents a change of +13.6% year over year.
- Revenues- Other Americas (Canada and Latin America): $5.18 billion compared to the $5.16 billion average estimate based on three analysts. The reported number represents a change of +11.2% year over year.
- Revenues- APAC (Asia-Pacific): $13.98 billion versus the three-analyst average estimate of $13.82 billion. The reported number represents a year-over-year change of +16.7%.
- Revenues- Google properties: $57.22 billion versus $57.02 billion estimated by 13 analysts on average. Compared to the year-ago quarter, this number represents a +13.2% change.
- Revenues- Google Cloud: $9.19 billion versus the 12-analyst average estimate of $9.04 billion. The reported number represents a year-over-year change of +25.7%.
- Revenues- YouTube ads: $9.20 billion versus $9.10 billion estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +15.5% change.
- Revenues- Google Search & other: $48.02 billion versus the 12-analyst average estimate of $47.84 billion. The reported number represents a year-over-year change of +12.7%.
- Revenues- Google Network: $8.30 billion versus $8.52 billion estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a -2.1% change.
- Revenues- Google advertising: $65.52 billion versus $65.45 billion estimated by 12 analysts on average. Compared to the year-ago quarter, this number represents a +11% change.
Shares of Alphabet have returned +9.9% over the past month versus the Zacks S&P 500 composite's +3.4% 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/2218327/alphabet-googl-q4-earnings-how-key-metrics-compare-to-wall-street-estimates
| 2024-01-31T00:17:21Z
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Market performance today was less than stellar, but nothing worth worrying too much about: the S&P 500 was flat all day following yesterday’s close notching its sixth all-time high so far this year, -0.06%. The Dow actually gained +133 points, +0.35%, but it was alone in the green today: the Nasdaq sold off -118 points, -0.76%, while the small-cap Russell 2000 was down a similar -0.71%.
December Job Openings and Labor Turnover Survey (JOLTS) showed some mixed results earlier today: while job openings rose back over 9 million for the first time since September of last year, 9.03 million (the previous month was revised up from 8.8 million to 8.925 million), we’re still well off the 10 million-plus we’d been seeing as recently as April of 2023. Job Quits, on the other hand, fell to their lowest levels since early 2021: 3.39 million. We’d seen a 4+ million print last May. Thus, longer-term progress is apparent, though employers are still looking to fill seats.
Q4 earnings season hits its busiest day so far, and it starts this afternoon with Microsoft (MSFT - Free Report) , which posted its sixth-straight earnings beat: $2.93 per share outpaced the $2.76 expected (and $2.32 per share in the year-ago quarter). Revenues likewise topped expectations, with $62 billion brought in for fiscal Q2 from $61 billion anticipated. Azure growth outperformed as well, reaching +30% in the quarter from a projected +27.5%. Revenue growth at Office 365 was strong at +17%, possibly on growth from its A.I. chatbot Copilot. Microsoft’s recent Activision acquisition helped Xbox gain +60% in the quarter.
Alphabet (GOOGL - Free Report) beat the consensus earnings forecast by 4 cents per share to $1.64 per share (up more than +50% year over year) for its fourth-straight quarterly earnings beat. Revenues also outperformed expectations to $72.3 billion (accounting for traffic acquisition costs [TAC], which is not reported on Alphabet’s headline; $86.3 billion in revenues were without subtracting $13.986 billion in TAC costs. Its Cloud business surpassed estimates — $9.19 billion versus $8.94 billion expected — though YouTube was a hair below forecast to $9.20 billion in the quarter.
Advanced Micro Devices (AMD - Free Report) met earnings consensus at 77 cents, extending its string of quarterly non-misses on earnings since Q4 2018. Revenues of $6.17 billion came in ahead of the $6.11 billion analysts were looking for, though revenue guidance was down for the coming quarter: $5.4 billion versus $5.7 billion expected. Data Center brought in $2.3 billion in the quarter, but is expected to be flat with a pending seasonal decline in server sales (similar to Intel). Shares are down -3% on the news, though at +80% over the past three months, the stock had been priced for perfection.
Starbucks (SBUX - Free Report) missed expectations on both top and bottom lines: earnings of 90 cents per share on quarterly sales of $9.4 billion were a tad light of the 92 cents per share and $9.58 billion anticipated. All three main regional segments were lower than expected: Global was +5% versus +7.2% estimated, North America +5% versus +5.8% forecast, and International +7% from +13.2% projected. However, shares are up +3% on the news, now trading flat year to date.
International snack giant Mondelez (MDLZ - Free Report) outperformed estimates on both earnings and sales in its Q4 report after today’s close, reporting 84 cents per share, which bettered the 78 cents expected (and 73 cents per share a year ago) on revenues of $9.31 billion, which narrowly outpaced the $9.30 billion analysts were looking for. Both North America and Asia came in slightly below expectations, and shares are trading down -3.7% in the after-market.
Skyworks Solutions (SWKS - Free Report) also reported earnings results for its fiscal Q1, beating by two cents on the bottom line to $1.97 per share (though well off the $2.59 reported in the year-ago quarter), while revenues of $1.20 billion met consensus estimates. Nest quarter earnings guidance is also slightly down from earlier projections, though a recovering smartphone market and record free cash flow have helped the stock move up +2.7% in late trading.
Tomorrow morning brings us private-sector payroll results for January from Automatic Data Processing (ADP - Free Report) , along with that company’s fiscal Q2 earnings report. We’ll also see earnings results from Boeing (BA - Free Report) , Mastercard (MA - Free Report) and Novo Nordisk (NVO - Free Report) , among many others. We’ll also get the latest Fed decision on interest rates as this year’s first FOMC meeting adjourns tomorrow at 2 pm, though it is unanimously expected that no moves from the current 5.25-5.50% Fed funds rate will be made.
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https://www.zacks.com/stock/news/2218328/big-earnings-afternoon-microsoft-alphabet-starbucks-more?-more
| 2024-01-31T00:17:27Z
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In the latest market close, Mosaic (MOS - Free Report) reached $31.78, with a -1.06% movement compared to the previous day. The stock fell short of the S&P 500, which registered a loss of 0.06% for the day. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.76%.
Coming into today, shares of the fertilizer maker had lost 10.1% in the past month. In that same time, the Basic Materials sector lost 6.09%, while the S&P 500 gained 3.36%.
The upcoming earnings release of Mosaic will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.83, reflecting a 52.3% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $3.01 billion, reflecting a 32.84% fall from the equivalent quarter last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Mosaic. Such recent modifications usually signify the changing landscape of near-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. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.13% higher. Right now, Mosaic possesses a Zacks Rank of #3 (Hold).
Looking at valuation, Mosaic is presently trading at a Forward P/E ratio of 10.08. This valuation marks no noticeable deviation compared to its industry's average Forward P/E of 10.08.
We can also see that MOS 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. Fertilizers stocks are, on average, holding a PEG ratio of 1.44 based on yesterday's closing prices.
The Fertilizers industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 196, this industry ranks in the bottom 23% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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/2218329/mosaic-mos-dips-more-than-broader-market-what-you-should-know
| 2024-01-31T00:17:33Z
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In the latest trading session, Veeva Systems (VEEV - Free Report) closed at $210.91, marking a -1.18% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.06%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.76%.
Shares of the provider of cloud-based software services for the life sciences industry have appreciated by 10.86% over the course of the past month, outperforming the Computer and Technology sector's gain of 6.36% and the S&P 500's gain of 3.36%.
Investors will be eagerly watching for the performance of Veeva Systems in its upcoming earnings disclosure. The company is expected to report EPS of $1.30, up 13.04% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $620.75 million, indicating a 10.18% growth compared to the corresponding quarter of the prior year.
VEEV's full-year Zacks Consensus Estimates are calling for earnings of $4.76 per share and revenue of $2.35 billion. These results would represent year-over-year changes of +11.21% and +9.22%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Veeva Systems. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To 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 0.44% higher. Veeva Systems presently features a Zacks Rank of #2 (Buy).
In terms of valuation, Veeva Systems is presently being traded at a Forward P/E ratio of 44.84. This denotes a premium relative to the industry's average Forward P/E of 34.36.
We can additionally observe that VEEV currently boasts a PEG ratio of 1.82. 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 had an average PEG ratio of 1.73 as trading concluded yesterday.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 66, this industry ranks in the top 27% 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 VEEV in the coming trading sessions, be sure to utilize Zacks.com.
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https://www.zacks.com/stock/news/2218330/veeva-systems-veev-dips-more-than-broader-market-what-you-should-know
| 2024-01-31T00:17:39Z
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The latest trading session saw Corebridge Financial (CRBG - Free Report) ending at $24.63, denoting a +0.78% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 0.06%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.76%.
The financial services company's shares have seen an increase of 12.84% over the last month, surpassing the Finance sector's loss of 1.67% and the S&P 500's gain of 3.36%.
The upcoming earnings release of Corebridge Financial will be of great interest to investors. The company's earnings report is expected on February 15, 2024. The company's upcoming EPS is projected at $0.99, signifying a 12.5% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $5.42 billion, indicating a 1.42% increase compared to the same quarter of the previous year.
It is also important to note the recent changes to analyst estimates for Corebridge Financial. 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 moved 0.37% higher. At present, Corebridge Financial boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Corebridge Financial is at present trading with a Forward P/E ratio of 4.96. This signifies a discount in comparison to the average Forward P/E of 8.79 for its industry.
Also, we should mention that CRBG has a PEG ratio of 0.29. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Insurance - Multi line industry currently had an average PEG ratio of 1.21 as of yesterday's close.
The Insurance - Multi line industry is part of the Finance sector. With its current Zacks Industry Rank of 173, this industry ranks in the bottom 32% 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.
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/2218331/corebridge-financial-crbg-increases-despite-market-slip-heres-what-you-need-to-know
| 2024-01-31T00:17:46Z
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The latest trading session saw Dominion Energy (D - Free Report) ending at $45.74, denoting a +0.68% adjustment from its last day's close. The stock outperformed the S&P 500, which registered a daily loss of 0.06%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.76%.
The energy company's shares have seen a decrease of 3.34% over the last month, surpassing the Utilities sector's loss of 6.36% and falling behind the S&P 500's gain of 3.36%.
The upcoming earnings release of Dominion Energy will be of great interest to investors. The company's earnings report is expected on February 22, 2024. The company's upcoming EPS is projected at $0.40, signifying a 62.26% drop compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $3.81 billion, indicating a 22.54% decrease compared to the same quarter of the previous year.
It is also important to note the recent changes to analyst estimates for Dominion Energy. 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 moved 0.79% lower. At present, Dominion Energy boasts a Zacks Rank of #3 (Hold).
In the context of valuation, Dominion Energy is at present trading with a Forward P/E ratio of 14.83. This signifies a premium in comparison to the average Forward P/E of 14.54 for its industry.
Also, we should mention that D has a PEG ratio of 3.71. 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 Utility - Electric Power industry currently had an average PEG ratio of 2.56 as of yesterday's close.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 165, this industry ranks in the bottom 35% 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.
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/2218332/dominion-energy-d-increases-despite-market-slip-heres-what-you-need-to-know
| 2024-01-31T00:17:52Z
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The most recent trading session ended with Fastly (FSLY - Free Report) standing at $21.22, reflecting a +0.14% shift from the previouse trading day's closing. The stock's change was more than the S&P 500's daily loss of 0.06%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.76%.
Coming into today, shares of the cloud software developer had gained 19.05% in the past month. In that same time, the Computer and Technology sector gained 6.36%, while the S&P 500 gained 3.36%.
The investment community will be paying close attention to the earnings performance of Fastly in its upcoming release. The company is slated to reveal its earnings on February 14, 2024. The company is forecasted to report an EPS of -$0.02, showcasing a 75% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $139.25 million, showing a 16.7% escalation compared to the year-ago quarter.
Any recent changes to analyst estimates for Fastly should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 1.28% downward. Fastly is holding a Zacks Rank of #4 (Sell) right now.
Valuation is also important, so investors should note that Fastly has a Forward P/E ratio of 847.6 right now. This represents a premium compared to its industry's average Forward P/E of 34.36.
The Internet - Software industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 66, placing it within the top 27% 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.
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/2218333/fastly-fsly-advances-while-market-declines-some-information-for-investors
| 2024-01-31T00:17:58Z
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The most recent trading session ended with Macy's (M - Free Report) standing at $18.63, reflecting a -0.21% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 0.06%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.76%.
The department store operator's shares have seen a decrease of 7.21% over the last month, not keeping up with the Retail-Wholesale sector's gain of 1.86% and the S&P 500's gain of 3.36%.
The upcoming earnings release of Macy's will be of great interest to investors. On that day, Macy's is projected to report earnings of $2.02 per share, which would represent year-over-year growth of 7.45%. At the same time, our most recent consensus estimate is projecting a revenue of $8.1 billion, reflecting a 1.99% fall from the equivalent quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $3.06 per share and revenue of $23.22 billion. These totals would mark changes of -31.7% and -5%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for Macy's. 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 suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.85% higher. Macy's presently features a Zacks Rank of #4 (Sell).
In the context of valuation, Macy's is at present trading with a Forward P/E ratio of 6.09. This denotes a discount relative to the industry's average Forward P/E of 9.78.
The Retail - Regional Department Stores industry is part of the Retail-Wholesale 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 vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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https://www.zacks.com/stock/news/2218334/macys-m-falls-more-steeply-than-broader-market-what-investors-need-to-know
| 2024-01-31T00:18:04Z
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