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The iShares Emerging Markets Equity Factor ETF (EMGF - Free Report) was launched on 12/08/2015, and is a smart beta exchange traded fund designed to offer broad exposure to the Broad Emerging Market ETFs category of the market.
What Are Smart Beta ETFs?
The ETF industry has traditionally been dominated by products based on market capitalization weighted indexes that are designed to represent the market or a particular segment of the market.
Market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns, and are a good option for investors who believe in market efficiency.
If you're the kind of investor who would rather try and beat the market through good stock selection, then smart beta funds are your best choice; this fund class is known for tracking non-cap weighted strategies.
This kind of index follows this same mindset, as it attempts to pick stocks that have better chances of risk-return performance; non-cap weighted strategies base selection on certain fundamental characteristics, or a mix of such characteristics.
While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.
Fund Sponsor & Index
EMGF is managed by Blackrock, and this fund has amassed over $548.24 million, which makes it one of the average sized ETFs in the Broad Emerging Market ETFs. EMGF, before fees and expenses, seeks to match the performance of the MSCI Emerging Markets Diversified Multiple-Factor Index.
The STOXX Emerging Markets Equity Factor Index (USD) composes of stocks of large and mid-capitalization companies in emerging markets that have favourable exposure to target style factors subject to constraints.
Cost & Other Expenses
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
With one of the cheaper products in the space, this ETF has annual operating expenses of 0.25%.
The fund has a 12-month trailing dividend yield of 6.08%.
Sector Exposure and Top Holdings
Most ETFs are very transparent products, and disclose their holdings on a daily basis. ETFs also offer diversified exposure, which minimizes single stock risk, though it's still important for investors to research a fund's holdings.
When you look at individual holdings, Taiwan Semiconductor Manufacturing accounts for about 6.09% of the fund's total assets, followed by Samsung Electronics Ltd and Tencent Holdings Ltd.
The top 10 holdings account for about 22.82% of total assets under management.
Performance and Risk
The ETF has lost about -2.29% so far this year and is up about 1.93% in the last one year (as of 01/31/2024). In the past 52-week period, it has traded between $39.46 and $44.04.
The fund has a beta of 0.75 and standard deviation of 16.92% for the trailing three-year period. With about 671 holdings, it effectively diversifies company-specific risk.
Alternatives
IShares Emerging Markets Equity Factor ETF is a reasonable option for investors seeking to outperform the Broad Emerging Market ETFs segment of the market. However, there are other ETFs in the space which investors could consider.
IShares Core MSCI Emerging Markets ETF (IEMG - Free Report) tracks MSCI Emerging Markets Investable Market Index and the Vanguard FTSE Emerging Markets ETF (VWO - Free Report) tracks FTSE Emerging Markets All Cap China A Inclusion Index. IShares Core MSCI Emerging Markets ETF has $71.92 billion in assets, Vanguard FTSE Emerging Markets ETF has $72.14 billion. IEMG has an expense ratio of 0.09% and VWO charges 0.08%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Broad Emerging Market ETFs.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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iShares Core MSCI Emerging Markets ETF (IEMG) - free report >>
Vanguard FTSE Emerging Markets ETF (VWO) - free report >>
iShares Emerging Markets Equity Factor ETF (EMGF) - free report >>
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https://www.zacks.com/stock/news/2218448/is-ishares-emerging-markets-equity-factor-etf-emgf-a-strong-etf-right-now?
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Launched on 08/17/2006, the Vanguard Mid-Cap Growth ETF (VOT - Free Report) is a passively managed exchange traded fund designed to provide a broad exposure to the Mid Cap Growth segment of the US equity market.
The fund is sponsored by Vanguard. It has amassed assets over $11.89 billion, making it one of the largest ETFs attempting to match the Mid Cap Growth segment of the US equity market.
Why Mid Cap Growth
Mid cap companies have market capitalization between $2 billion and $10 billion. They usually have higher growth prospects than large cap companies and are less volatile than small cap companies. Thus, companies that fall under this category provide a stable and growth-heavy investment.
While growth stocks do boast higher than average sales and earnings growth rates, and they are expected to grow faster than the wider market, investors should note these kinds of stocks have higher valuations. Further, growth stocks have a higher level of volatility associated with them. When you consider growth versus value, growth stocks are usually the clear winner in strong bull markets but tend to fall flat in nearly all other environments.
Costs
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 0.07%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 0.71%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Information Technology sector--about 28.50% of the portfolio. Industrials and Healthcare round out the top three.
Looking at individual holdings, Amphenol Corp (APH - Free Report) accounts for about 1.77% of total assets, followed by Motorola Solutions Inc (MSI - Free Report) and Arista Networks Inc (ANET - Free Report) .
The top 10 holdings account for about 15.7% of total assets under management.
Performance and Risk
VOT seeks to match the performance of the CRSP U.S. Mid Cap Growth Index before fees and expenses. The CRSP U.S. Mid Cap Growth Index measures the investment return of mid-capitalization growth stocks.
The ETF has gained about 0.30% so far this year and is up about 15.41% in the last one year (as of 01/31/2024). In the past 52-week period, it has traded between $180.90 and $221.20.
The ETF has a beta of 1.13 and standard deviation of 23.21% for the trailing three-year period, making it a medium risk choice in the space. With about 157 holdings, it effectively diversifies company-specific risk.
Alternatives
Vanguard Mid-Cap Growth ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, VOT is an outstanding option for investors seeking exposure to the Style Box - Mid Cap Growth segment of the market. There are other additional ETFs in the space that investors could consider as well.
The iShares S&P Mid-Cap 400 Growth ETF (IJK - Free Report) and the iShares Russell Mid-Cap Growth ETF (IWP - Free Report) track a similar index. While iShares S&P Mid-Cap 400 Growth ETF has $8.26 billion in assets, iShares Russell Mid-Cap Growth ETF has $14.38 billion. IJK has an expense ratio of 0.17% and IWP charges 0.23%.
Bottom-Line
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Amphenol Corporation (APH) - free report >>
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Arista Networks, Inc. (ANET) - free report >>
iShares Russell Mid-Cap Growth ETF (IWP) - free report >>
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https://www.zacks.com/stock/news/2218449/should-vanguard-mid-cap-growth-etf-vot-be-on-your-investing-radar?
| 2024-01-31T16:38:32Z
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Launched on 05/08/2007, the First Trust Large Cap Growth AlphaDEX ETF (FTC - Free Report) is a passively managed exchange traded fund designed to provide a broad exposure to the Large Cap Growth segment of the US equity market.
The fund is sponsored by First Trust Advisors. It has amassed assets over $1.07 billion, making it one of the average sized ETFs attempting to match the Large Cap Growth segment of the US equity market.
Why Large Cap Growth
Companies that find themselves in the large cap category typically have a market capitalization above $10 billion. Overall, they are usually a stable option, with less risk and more sure-fire cash flows than mid and small cap companies.
While growth stocks do boast higher than average sales and earnings growth rates, and they are expected to grow faster than the wider market, investors should note these kinds of stocks have higher valuations. Also, growth stocks are a type of equity that carries more risk compared to others. Even though growth stocks are more likely to outperform their value counterparts in strong bull markets, value stocks have a record of delivering better returns in almost all markets than growth stocks.
Costs
When considering an ETF's total return, expense ratios are an important factor, and cheaper funds can significantly outperform their more expensive counterparts in the long term if all other factors remain equal.
Annual operating expenses for this ETF are 0.60%, putting it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 0.62%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation to the Information Technology sector--about 24.40% of the portfolio. Industrials and Consumer Discretionary round out the top three.
Looking at individual holdings, Deckers Outdoor Corporation (DECK - Free Report) accounts for about 1.12% of total assets, followed by Uber Technologies, Inc. (UBER - Free Report) and Royal Caribbean Cruises Ltd. (RCL - Free Report) .
The top 10 holdings account for about 10.48% of total assets under management.
Performance and Risk
FTC seeks to match the performance of the Nasdaq AlphaDEX Large Cap Growth Index before fees and expenses. The NASDAQ AlphaDEX Large Cap Growth Index is an enhanced index which employs the AlphaDEX stock selection methodology to select stocks from the NASDAQ US 500 Large Cap Growth Index.
The ETF return is roughly 3.53% so far this year and is up about 21.44% in the last one year (as of 01/31/2024). In the past 52-week period, it has traded between $88.58 and $113.44.
The ETF has a beta of 1.05 and standard deviation of 20.52% for the trailing three-year period, making it a medium risk choice in the space. With about 188 holdings, it effectively diversifies company-specific risk.
Alternatives
First Trust Large Cap Growth AlphaDEX ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, FTC is a great option for investors seeking exposure to the Style Box - Large Cap Growth segment of the market. There are other additional ETFs in the space that investors could consider as well.
The Vanguard Growth ETF (VUG - Free Report) and the Invesco QQQ (QQQ - Free Report) track a similar index. While Vanguard Growth ETF has $109.11 billion in assets, Invesco QQQ has $245.65 billion. VUG has an expense ratio of 0.04% and QQQ charges 0.20%.
Bottom-Line
While an excellent vehicle for long term investors, passively managed ETFs are a popular choice among institutional and retail investors due to their low costs, transparency, flexibility, and tax efficiency.
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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Royal Caribbean Cruises Ltd. (RCL) - free report >>
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Invesco QQQ (QQQ) - free report >>
Vanguard Growth ETF (VUG) - free report >>
First Trust Large Cap Growth AlphaDEX ETF (FTC) - free report >>
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https://www.zacks.com/stock/news/2218450/should-first-trust-large-cap-growth-alphadex-etf-ftc-be-on-your-investing-radar?
| 2024-01-31T16:38:39Z
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If you're interested in broad exposure to the Technology - Broad segment of the equity market, look no further than the Invesco S&P SmallCap Information Technology ETF (PSCT - Free Report) , a passively managed exchange traded fund launched on 04/07/2010.
An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.
Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad group of companies in particular sectors. Technology - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 7, placing it in top 44%.
Index Details
The fund is sponsored by Invesco. It has amassed assets over $335.84 million, making it one of the average sized ETFs attempting to match the performance of the Technology - Broad segment of the equity market. PSCT seeks to match the performance of the S&P SmallCap 600 Capped Information Technology Index before fees and expenses.
The S&P SmallCap 600 Capped Information Technology Index measures the overall performance of common stocks of US information technology companies.
Costs
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 0.29%, making it one of the least expensive products in the space.
It has a 12-month trailing dividend yield of 0.02%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Information Technology sector--about 100% of the portfolio.
Looking at individual holdings, Sps Commerce Inc (SPSC - Free Report) accounts for about 5.16% of total assets, followed by Fabrinet (FN - Free Report) and Solaredge Technologies Inc (SEDG - Free Report) .
The top 10 holdings account for about 37.35% of total assets under management.
Performance and Risk
Year-to-date, the Invesco S&P SmallCap Information Technology ETF has lost about -1.39% so far, and it's up approximately 10.25% over the last 12 months (as of 01/31/2024). PSCT has traded between $38.78 and $50.15 in this past 52-week period.
The ETF has a beta of 1.23 and standard deviation of 26.26% for the trailing three-year period, making it a high risk choice in the space. With about 63 holdings, it effectively diversifies company-specific risk.
Alternatives
Invesco S&P SmallCap Information Technology ETF holds a Zacks ETF Rank of 2 (Buy), which is based on expected asset class return, expense ratio, and momentum, among other factors. Because of this, PSCT is an outstanding option for investors seeking exposure to the Technology ETFs segment of the market. There are other additional ETFs in the space that investors could consider as well.
Vanguard Information Technology ETF (VGT - Free Report) tracks MSCI US Investable Market Information Technology 25/50 Index and the Technology Select Sector SPDR ETF (XLK - Free Report) tracks Technology Select Sector Index. Vanguard Information Technology ETF has $61.75 billion in assets, Technology Select Sector SPDR ETF has $61.96 billion. VGT has an expense ratio of 0.10% and XLK charges 0.10%.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Fabrinet (FN) - free report >>
SPS Commerce, Inc. (SPSC) - free report >>
Technology Select Sector SPDR ETF (XLK) - free report >>
SolarEdge Technologies, Inc. (SEDG) - free report >>
Invesco S&P SmallCap Information Technology ETF (PSCT) - free report >>
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https://www.zacks.com/stock/news/2218451/should-you-invest-in-the-invesco-sp-smallcap-information-technology-etf-psct?
| 2024-01-31T16:38:45Z
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If you're interested in broad exposure to the Financials - Broad segment of the equity market, look no further than the iShares U.S. Financial Services ETF (IYG - Free Report) , a passively managed exchange traded fund launched on 06/12/2000.
An increasingly popular option among retail and institutional investors, passively managed ETFs offer low costs, transparency, flexibility, and tax efficiency; they are also excellent vehicles for long term investors.
Investor-friendly, sector ETFs provide many options to gain low risk and diversified exposure to a broad group of companies in particular sectors. Financials - Broad is one of the 16 broad Zacks sectors within the Zacks Industry classification. It is currently ranked 8, placing it in top 50%.
Index Details
The fund is sponsored by Blackrock. It has amassed assets over $1.30 billion, making it one of the larger ETFs attempting to match the performance of the Financials - Broad segment of the equity market. IYG seeks to match the performance of the Dow Jones U.S. Financial Services Index before fees and expenses.
The Dow Jones U.S. Financial Services Index measures the performance of the financial services sector of the U.S. equity market.
Costs
Investors should also pay attention to an ETF's expense ratio. Lower cost products will produce better results than those with a higher cost, assuming all other metrics remain the same.
Annual operating expenses for this ETF are 0.40%, making it on par with most peer products in the space.
It has a 12-month trailing dividend yield of 1.72%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure which minimizes single stock risk, it is still important to look into a fund's holdings before investing. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
This ETF has heaviest allocation in the Financials sector--about 100% of the portfolio.
Looking at individual holdings, Berkshire Hathaway Inc Class B (BRK.B - Free Report) accounts for about 14.81% of total assets, followed by Jpmorgan Chase & Co (JPM - Free Report) and Visa Inc Class A (V - Free Report) .
The top 10 holdings account for about 61.83% of total assets under management.
Performance and Risk
Year-to-date, the iShares U.S. Financial Services ETF return is roughly 3.36% so far, and it's up approximately 10.30% over the last 12 months (as of 01/31/2024). IYG has traded between $144.44 and $185.24 in this past 52-week period.
The ETF has a beta of 1.18 and standard deviation of 21.58% for the trailing three-year period, making it a high risk choice in the space. With about 107 holdings, it effectively diversifies company-specific risk.
Alternatives
IShares U.S. Financial Services ETF carries a Zacks ETF Rank of 3 (Hold), which is based on expected asset class return, expense ratio, and momentum, among other factors. Thus, IYG is a good option for those seeking exposure to the Financials ETFs area of the market. Investors might also want to consider some other ETF options in the space.
Vanguard Financials ETF (VFH - Free Report) tracks MSCI US Investable Market Financials 25/50 Index and the Financial Select Sector SPDR ETF (XLF - Free Report) tracks Financial Select Sector Index. Vanguard Financials ETF has $9.55 billion in assets, Financial Select Sector SPDR ETF has $36.71 billion. VFH has an expense ratio of 0.10% and XLF charges 0.10%.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
JPMorgan Chase & Co. (JPM) - free report >>
Visa Inc. (V) - free report >>
Berkshire Hathaway Inc. (BRK.B) - free report >>
Financial Select Sector SPDR ETF (XLF) - free report >>
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https://www.zacks.com/stock/news/2218452/should-you-invest-in-the-ishares-us-financial-services-etf-iyg?
| 2024-01-31T16:38:51Z
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Making its debut on 12/23/2014, smart beta exchange traded fund Invesco Russell 1000 Equal Weight ETF (EQAL - Free Report) provides investors broad exposure to the Style Box - Large Cap Blend category of the market.
What Are Smart Beta ETFs?
The ETF industry has long been dominated by products based on market cap weighted indexes, a strategy created to reflect the market or a particular market segment.
A good option for investors who believe in market efficiency, market cap weighted indexes offer a low-cost, convenient, and transparent way of replicating market returns.
On the other hand, some investors who believe that it is possible to beat the market by superior stock selection opt to invest in another class of funds that track non-cap weighted strategies--popularly known as smart beta.
These indexes attempt to select stocks that have better chances of risk-return performance, based on certain fundamental characteristics or a combination of such characteristics.
While this space offers a number of choices to investors, including simplest equal-weighting, fundamental weighting and volatility/momentum based weighting methodologies, not all these strategies have been able to deliver superior results.
Fund Sponsor & Index
The fund is managed by Invesco. EQAL has been able to amass assets over $583.72 million, making it one of the larger ETFs in the Style Box - Large Cap Blend. This particular fund, before fees and expenses, seeks to match the performance of the Russell 1000 Equal Weight Index.
The Russell 1000 Equal Weight Index is composed of securities in the Russell 1000 Index and is equally weighted across nine sector groups with each security within the sector receiving equal weight.
Cost & Other Expenses
Cost is an important factor in selecting the right ETF, and cheaper funds can significantly outperform their more expensive cousins if all other fundamentals are the same.
Annual operating expenses for this ETF are 0.20%, making it on par with most peer products in the space.
It's 12-month trailing dividend yield comes in at 1.90%.
Sector Exposure and Top Holdings
ETFs offer diversified exposure and thus minimize single stock risk, but it is still important to delve into a fund's holdings before investing. Most ETFs are very transparent products and many disclose their holdings on a daily basis.
EQAL's heaviest allocation is in the Information Technology sector, which is about 13.60% of the portfolio. Its Financials and Industrials round out the top three.
Looking at individual holdings, Lumentum Holdings Inc (LITE - Free Report) accounts for about 0.52% of total assets, followed by Ubiquiti Inc (UI - Free Report) and Viasat Inc (VSAT - Free Report) .
Its top 10 holdings account for approximately 4.91% of EQAL's total assets under management.
Performance and Risk
The ETF has lost about -0.73% and is up about 4.28% so far this year and in the past one year (as of 01/31/2024), respectively. EQAL has traded between $37.43 and $44.80 during this last 52-week period.
EQAL has a beta of 1.12 and standard deviation of 18.38% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 998 holdings, it effectively diversifies company-specific risk.
Alternatives
Invesco Russell 1000 Equal Weight ETF is a reasonable option for investors seeking to outperform the Style Box - Large Cap Blend segment of the market. However, there are other ETFs in the space which investors could consider.
IShares Core S&P 500 ETF (IVV - Free Report) tracks S&P 500 Index and the SPDR S&P 500 ETF (SPY - Free Report) tracks S&P 500 Index. IShares Core S&P 500 ETF has $421.50 billion in assets, SPDR S&P 500 ETF has $494.14 billion. IVV has an expense ratio of 0.03% and SPY charges 0.09%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the Style Box - Large Cap Blend.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Viasat Inc. (VSAT) - free report >>
SPDR S&P 500 ETF (SPY) - free report >>
iShares Core S&P 500 ETF (IVV) - free report >>
Invesco Russell 1000 Equal Weight ETF (EQAL) - free report >>
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https://www.zacks.com/stock/news/2218453/is-invesco-russell-1000-equal-weight-etf-eqal-a-strong-etf-right-now?
| 2024-01-31T16:38:58Z
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Designed to provide broad exposure to the European Equity ETFs category of the market, the WisdomTree Europe Hedged Equity ETF (HEDJ - Free Report) is a smart beta exchange traded fund launched on 01/04/2010.
What Are Smart Beta ETFs?
Products that are based on market cap weighted indexes, which are strategies designed to reflect a specific market segment or the market as a whole, have traditionally dominated the ETF industry.
Because market cap weighted indexes provide a low-cost, convenient, and transparent way of replicating market returns, they work well for investors who believe in market efficiency.
But, there are some investors who would rather invest in smart beta funds; these funds track non-cap weighted strategies, and are a strong option for those who prefer choosing great stocks in order to beat the market.
By attempting to pick stocks that have a better chance of risk-return performance, non-cap weighted indexes are based on certain fundamental characteristics, or a combination of such.
Even though this space provides many choices to investors--think one of the simplest methodologies like equal-weighting and more complicated ones like fundamental and volatility/momentum based weighting--not all have been able to deliver first-rate results.
Fund Sponsor & Index
The fund is managed by Wisdomtree. HEDJ has been able to amass assets over $1.48 billion, making it one of the larger ETFs in the European Equity ETFs. This particular fund, before fees and expenses, seeks to match the performance of the WisdomTree Europe Hedged Equity Index.
The WisdomTree Europe Hedged Equity Index is designed to provide exposure to European equities while at the same time neutralizing exposure to fluctuations between the Euro and the U.S. dollar.
Cost & Other Expenses
For ETF investors, expense ratios are an important factor when considering a fund's return; in the long-term, cheaper funds actually have the ability to outperform their more expensive cousins if all other things remain the same.
Annual operating expenses for this ETF are 0.58%, making it on par with most peer products in the space.
The fund has a 12-month trailing dividend yield of 3.25%.
Sector Exposure and Top Holdings
Even though ETFs offer diversified exposure that minimizes single stock risk, investors should also look at the actual holdings inside the fund. Luckily, most ETFs are very transparent products that disclose their holdings on a daily basis.
When you look at individual holdings, Stellantis Nv (STLAM) accounts for about 8.71% of the fund's total assets, followed by Banco Bilbao Vizcaya Argentaria Sa (BBVA - Free Report) and Asml Holding Nv (ASML - Free Report) .
HEDJ's top 10 holdings account for about 42.72% of its total assets under management.
Performance and Risk
So far this year, HEDJ has added about 1.87%, and it's up approximately 17.82% in the last one year (as of 01/31/2024). During this past 52-week period, the fund has traded between $37.48 and $43.65.
HEDJ has a beta of 0.90 and standard deviation of 16.31% for the trailing three-year period, which makes the fund a medium risk choice in the space. With about 152 holdings, it effectively diversifies company-specific risk.
Alternatives
WisdomTree Europe Hedged Equity ETF is a reasonable option for investors seeking to outperform the European Equity ETFs segment of the market. However, there are other ETFs in the space which investors could consider.
IShares MSCI Eurozone ETF (EZU - Free Report) tracks MSCI EMU Index and the Vanguard FTSE Europe ETF (VGK - Free Report) tracks FTSE Developed Europe All Cap Index. IShares MSCI Eurozone ETF has $7.13 billion in assets, Vanguard FTSE Europe ETF has $18.78 billion. EZU has an expense ratio of 0.52% and VGK charges 0.11%.
Investors looking for cheaper and lower-risk options should consider traditional market cap weighted ETFs that aim to match the returns of the European Equity ETFs.
Bottom Line
To learn more about this product and other ETFs, screen for products that match your investment objectives and read articles on latest developments in the ETF investing universe, please visit Zacks ETF Center.
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ASML Holding N.V. (ASML) - free report >>
Banco Bilbao Viscaya Argentaria S.A. (BBVA) - free report >>
iShares MSCI Eurozone ETF (EZU) - free report >>
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https://www.zacks.com/stock/news/2218454/is-wisdomtree-europe-hedged-equity-etf-hedj-a-strong-etf-right-now?
| 2024-01-31T16:39:04Z
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Eastman Chemical Company (EMN - Free Report) and Swiss Eyewear Group (“SEG”) have collaborated to launch SEG's INVU 10th anniversary eyewear collection with Tritan Renew. Eastman’s Tritan Renew is used in every frame of the innovative eyewear series. The collection also includes a selection of polarized lenses that will enhance style while protecting eyes with unmatched clarity.
INVU by SEG has established itself as an industry leader, consistently pushing the limits of frame and lens materials while remaining affordable to consumers. By collaborating with Eastman, SEG, a major eyewear maker, is taking a huge step toward fulfilling its promise to provide better sustainability for a premium consumer experience with a clear conscience. Eastman and SEG are changing the face of eyewear fashion, guaranteeing that looking and feeling good go hand in hand.
SEG selected Tritan Renew because it is a one-of-a-kind material that combines remarkable, environmentally friendly properties without imposing manufacturing limits. Tritan Renew, which has 50% certified recycled content generated from hard-to-recycle waste, performs like virgin material.
Eastman is opening the world's largest material-to-material molecular recycling facility in Kingsport, TN. The facility can recycle roughly 110,000 metric tons (MT) of plastics per year. The opening of this plant strengthens Eastman's capacity to meet its objective of recycling 225,000 MT of plastic waste annually by 2030.
Shares of Eastman have lost 5.1% over the past year compared with a 19.9% decline of its industry.
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The company, on its third-quarter call, stated that it is seeing muted demand in the fourth quarter as customers are cautious in the prevailing challenging environment. In addition, it anticipates regular seasonality in key end markets, including building and construction, consumer durables and performance films for automotive applications. It expects EPS for 2023 to be between $6.30 and $6.50. Furthermore, EMN anticipates delivering $1.4 billion in operating cash flow for full-year 2023.
Zacks Rank & Key Picks
Eastman currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include, Cameco Corporation (CCJ - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and Alpha Metallurgical Resources Inc. (AMR - Free Report) .
Cameco, carrying a Zacks Rank #1 (Strong Buy), has a projected earnings growth rate of 188% for the current year. The Zacks Consensus Estimate for CCJ’s current-year earnings has been revised upward by 12.5% in the past 60 days. The stock is up around 71.3% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Carpenter Technology currently carries a Zacks Rank #1. CRS beat the Zacks Consensus Estimate in three of the last four quarters while matching it once, with the average earnings surprise being 12.2%. The company’s shares have soared 31.1% in the past year.
The Zacks Consensus Estimate for AMR’s current-year earnings has been revised upward by 69% in the past 60 days. It currently carries a Zacks Rank #1. AMR delivered a trailing four-quarter earnings surprise of roughly 9.6%, on average. AMR shares are up around 150.6% in a year.
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https://www.zacks.com/stock/news/2218455/eastman-emn-and-swiss-eyewear-to-launch-invu-collection
| 2024-01-31T16:39:11Z
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LyondellBasell Industries N.V. (LYB - Free Report) and MSI Technology, LLC announced an agreement wherein MSI Technology will serve the LyondellBasell Polybutene-1 (PB-1) resin line in consumer packaging applications in North America. MSI Technology is also the sales representative for LyondellBasell's Plexar product range.
The collaboration is a strategic fit for MSI Technology's current markets. It will employ its technical sales approach, paired with its present specialty product portfolio, to expand its consumer packaging options to customers.
LyondellBasell PB-1 resins are widely utilized in consumer packaging applications for easy-open packaging and film modification for seal initiation temperature, resulting in a broad seal-peel temperature range and consistent, easy processability, good seal integrity and reproducible peel performance, among others.
The PB-1 resins perfectly connect with MSI Technology's aim of providing specialty polymers and solutions to the packaging sector.
Shares of LyondellBasell have lost 1.6% over the past year compared with a 19.9% decline of its industry.
Image Source: Zacks Investment Research
The company, on its third-quarter call, said that it anticipates seasonally lower demand across most industries in the fourth quarter. Higher feedstock costs, new industry capacity and slowing demand growth in China continue to put pressure on global olefins and polyolefins margins. Following the end of the summer driving season, oxyfuels and refining margins are projected to fall.
Nonetheless, oxyfuel margins are expected to remain significantly higher than historical averages. LyondellBasell plans to operate its assets in line with market demand during the fourth quarter, with average operating rates of 85% for North American olefins and polyolefins (O&P) assets, 75% for European O&P assets and 70% for Intermediates & Derivatives assets.
Zacks Rank & Key Picks
LyondellBasell currently carries a Zacks Rank #3 (Hold).
Better-ranked stocks in the basic materials space include, Cameco Corporation (CCJ - Free Report) , Carpenter Technology Corporation (CRS - Free Report) and Alpha Metallurgical Resources Inc. (AMR - Free Report) .
Cameco, carrying a Zacks Rank #1 (Strong Buy), has a projected earnings growth rate of 188% for the current year. The Zacks Consensus Estimate for CCJ’s current-year earnings has been revised upward by 12.5% in the past 60 days. The stock is up around 71.3% in a year. You can see the complete list of today’s Zacks #1 Rank stocks here.
Carpenter Technology currently carries a Zacks Rank #1. CRS beat the Zacks Consensus Estimate in three of the last four quarters while matching it once, with the average earnings surprise being 12.2%. The company’s shares have soared 31.1% in the past year.
The Zacks Consensus Estimate for AMR’s current-year earnings has been revised upward by 69% in the past 60 days. It currently carries a Zacks Rank #1. AMR delivered a trailing four-quarter earnings surprise of roughly 9.6%, on average. AMR shares are up around 150.6% in a year.
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https://www.zacks.com/stock/news/2218458/lyondellbasell-lyb-msi-technology-tie-up-for-consumer-packaging
| 2024-01-31T16:39:17Z
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Duke Energy Corp. (DUK - Free Report) recently launched a cost-effective electric vehicle (EV) charger rental program in North Carolina. This should fetch DUK more shares of the booming EV market.
Residential and business customers will be able to lease an EV charger from the company, which will cover hardware, warranty and maintenance.
Details of the Program
The latest launch comes as part of Duke Energy’s Charger Solution program, which got its approval from the North Carolina Utilities Commission last August. It will enable DUK’s residential customers to install an EV charger with no upfront cost and monthly payments starting at only $14 a month.
The customers can select from multiple charging programs. The program is a three-year rental contract for a Level 2 charger that can fully recharge an EV within eight to 10 hours. Non-residential customers may choose from a four-year rental term for the Level 2 charger or a seven-year rental term for a direct-current fast charger.
Benefits of the Launch
With the rapid rise in the usage of EVs over the past couple of years, the demand for chargers has also increased manifold. Given that the United States is the third largest market for EVs, states, including North Carolina, have been constructing dynamic targets to support more EV adoption to increase energy security and reduce greenhouse gas. Evidently, North Carolina has a goal of reaching 1.25 million EVs by 2030.
Impressively, North Carolina is the first Duke Energy service territory where the company has implemented three core EV customer programs to help customers make a seamless transition to electric. Moreover, the company’s 12-month EV charging subscription pilot program – the Home Charging Plan - allows enrolled residential customers in the state to charge an EV at home for up to 800 kilowatt hours (kWh) per month for a fixed monthly fee.
Duke Energy’s Prospects in U.S. EV Charging Market
With increasing consumer inclination toward affordable eco-friendly transportation backed up by government incentives, the demand for EVs has ramped up globally. Per a report from the Mordor Intelligence firm, the United States EV charging systems and equipment market is expected to witness a compound annual growth rate of 44.43% from 2024 to 2029.
As utilities are rapidly transitioning toward a greener path through enhancing their renewable energy portfolio, their role in providing EV charging remains critical. Duke Energy, being no exception, has created car charging programs across the states of North Carolina, South Carolina, Florida, Indiana, Ohio and Kentucky.
Moreover, as part of its Workplace Charging Program, Duke Energy aims to install numerous EV chargers in the next five years, expanding the availability of EV charging across Duke Energy locations. Such initiatives should further strengthen its footprint in the expanding United States EV charging systems and equipment market.
Peer Moves
To reap the benefits of the growing U.S. EV charging market, the following utilities have also been expanding their footprint in the EV market.
In Virginia, Dominion Energy (D - Free Report) provides various benefits to residential customers in the form of residential charging installation program and EV charger rewards. For businesses, the Fleet Charging Program provides 50% upfront incentive on EV charging construction and installation.
D’s long-term (three- to five-year) earnings growth rate is pegged at 4%. The Zacks Consensus Estimate for its 2024 sales indicates an increase of 3.6% over 2023’s estimated figure.
CMS Energy’s (CMS - Free Report) PowerMIDrive program provides rebates for EV chargers at certain locations where vehicle owners need to charge their vehicles overnight. Apart from this, the multifamily EV charging program, community charging pilot program etc., provide customers with various EV charging incentives.
CMS’s long-term earnings growth rate is pegged at 7.5%. The Zacks Consensus Estimate for its 2024 sales indicates an increase of 6.4% over 2023’s estimated figure.
Since 2016, American Electric Power (AEP - Free Report) has installed more than 360 EV charging stations at several of its facilities. AEP’s subsidiary Appalachian Power’s EE program provides rebates to customers for installing Level 2 chargers.
AEP’s long-term earnings growth rate is 4.8%. The Zacks Consensus Estimate for its 2024 sales indicates an increase of 7.2% over 2023’s estimated figure.
Price Performance
In the past six months, shares of DUK have gained 3.7% against the industry’s 10.8% decline.
Image Source: Zacks Investment Research
Zacks Rank
Duke Energy currently has a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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https://www.zacks.com/stock/news/2218465/duke-energy-duk-offers-ev-charger-rental-in-north-carolina
| 2024-01-31T16:39:23Z
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Central Pacific Financial (CPF - Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.48 per share. This compares to earnings of $0.74 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 14.58%. A quarter ago, it was expected that this operator of Central Pacific Bank would post earnings of $0.52 per share when it actually produced earnings of $0.49, delivering a surprise of -5.77%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Central Pacific Financial
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Central Pacific Financial shares have added about 0.7% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Central Pacific Financial?
While Central Pacific Financial has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for Central Pacific Financial: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.43 on $60.22 million in revenues for the coming quarter and $1.93 on $246.51 million in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - West is currently in the bottom 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 broader Zacks Finance sector, HIVE Digital Technologies (HIVE - Free Report) , has yet to report results for the quarter ended December 2023.
This crypto currency mining company is expected to post quarterly loss of $0.15 per share in its upcoming report, which represents a year-over-year change of +69.4%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
HIVE Digital Technologies' revenues are expected to be $27.2 million, up 89.9% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218475/central-pacific-financial-cpf-tops-q4-earnings-and-revenue-estimates
| 2024-01-31T16:39:33Z
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GSK (GSK - Free Report) came out with quarterly earnings of $0.72 per share, missing the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -5.26%. A quarter ago, it was expected that this drug developer would post earnings of $1.09 per share when it actually produced earnings of $1.26, delivering a surprise of 15.60%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Glaxo
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.
Glaxo shares have added about 5.5% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Glaxo?
While Glaxo 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 Glaxo: 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 $0.84 on $9.14 billion in revenues for the coming quarter and $3.92 on $39.46 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, Medical - Biomedical and Genetics is currently in the top 40% 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, Kiniksa Pharmaceuticals, Ltd. (KNSA - Free Report) , has yet to report results for the quarter ended December 2023.
This company is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of -283.3%. The consensus EPS estimate for the quarter has been revised 34% higher over the last 30 days to the current level.
Kiniksa Pharmaceuticals, Ltd.'s revenues are expected to be $72.31 million, up 16.9% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218476/gsk-gsk-misses-q4-earnings-estimates
| 2024-01-31T16:39:40Z
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Are you on the hunt for a Target Date fund? You should think about starting with Vanguard Target Retirement 2030 Fund (VTHRX - Free Report) . VTHRX has no Zacks Mutual Fund Rank, but we have been able to look into other metrics like performance, volatility, and cost.
History of Fund/Manager
Vanguard Group is responsible for VTHRX, and the company is based out of Malvern, PA. The Vanguard Target Retirement 2030 Fund made its debut in June of 2006 and VTHRX has managed to accumulate roughly $88.43 billion in assets, as of the most recently available information. The fund is currently managed by a team of investment professionals.
Performance
Of course, investors look for strong performance in funds. VTHRX has a 5-year annualized total return of 8.37% and it sits in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 2.65%, which places it in the middle third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 12.38%, the standard deviation of VTHRX over the past three years is 12.57%. Over the past 5 years, the standard deviation of the fund is 13.26% compared to the category average of 13.27%. This makes the fund less volatile than its peers over the past half-decade.
Risk Factors
With a 5-year beta of 0.69, the fund is likely to be less volatile than the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. VTHRX has generated a negative alpha over the past five years of -2.94, demonstrating that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, VTHRX is a no load fund. It has an expense ratio of 0.08% compared to the category average of 0.38%. So, VTHRX is actually cheaper than its peers from a cost perspective.
Investors need to be aware that with this product, the minimum initial investment is $1,000; each subsequent investment needs to be at least $1.
Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included.
Bottom Line
Don't stop here for your research on Target Date funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare VTHRX to its peers as well for additional information. If you are more of a stock investor, make sure to also check out our Zacks Rank, and our full suite of tools we have available for novice and professional investors alike.
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https://www.zacks.com/stock/news/2218477/is-vanguard-target-retirement-2030-fund-vthrx-a-strong-mutual-fund-pick-right-now?
| 2024-01-31T16:39:46Z
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Any investors who are searching for Non US - Equity funds should take a look at Schwab Fundamental International Small Company Index (SFILX - Free Report) . The fund does not have a Zacks Mutual Fund Rank, though we have been able to explore other metrics like performance, volatility, and cost.
Objective
SFILX is classified in the Non US - Equity area by Zacks, and this segment is full of potential. Non US - Equity funds focus their investments on companies outside of the United States, which is an important distinction since global mutual funds tend to keep a sizable portion of their portfolio based in the United States. Most of these funds will allocate across emerging and developed markets, and can often extend across cap levels too.
History of Fund/Manager
SFILX is a part of the Schwab Funds family of funds, a company based out of San Francisco, CA. Schwab Fundamental International Small Company Index debuted in January of 2008. Since then, SFILX has accumulated assets of about $600.11 million, according to the most recently available information. The fund's current manager, David Rios, has been in charge of the fund since April of 2017.
Performance
Investors naturally seek funds with strong performance. This fund in particular has delivered a 5-year annualized total return of 6.61%, and is in the bottom third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 2.32%, which places it in the bottom third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Over the past three years, SFILX's standard deviation comes in at 17.65%, compared to the category average of 17.93%. Looking at the past 5 years, the fund's standard deviation is 19.85% compared to the category average of 21.73%. This makes the fund less volatile than its peers over the past half-decade.
Risk Factors
The fund has a 5-year beta of 0.94, so investors should note that it is hypothetically less volatile than the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. Over the past 5 years, the fund has a negative alpha of -6.88. This means that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, SFILX is a no load fund. It has an expense ratio of 0.39% compared to the category average of 0.94%. From a cost perspective, SFILX is actually cheaper than its peers.
Investors should also note that the minimum initial investment for the product is $0 and that each subsequent investment has no minimum amount.
Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included.
Bottom Line
For additional information on the Non US - Equity area of the mutual fund world, make sure to check out www.zacks.com/funds/mutual-funds. There, you can see more about the ranking process, and dive even deeper into SFILX too for additional information. Zacks provides a full suite of tools to help you analyze your portfolio - both funds and stocks - in the most efficient way possible.
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https://www.zacks.com/stock/news/2218478/is-schwab-fundamental-international-small-company-index-sfilx-a-strong-mutual-fund-pick-right-now?
| 2024-01-31T16:39:52Z
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There are plenty of choices in the Sector - Tech category, but where should you start your research? Well, one fund that you should consider investigating is Columbia Seligman Technology & Information A (SLMCX - Free Report) . SLMCX possesses a Zacks Mutual Fund Rank of 3 (Hold), which is based on various forecasting factors like size, cost, and past performance.
Objective
SLMCX is part of the Sector - Tech category, which boasts an array of different possible selections. With a much more diversified approach, Sector - Tech mutual funds give investors a way to own a stake in a notoriously risky sector. Tech companies are in various industries like semiconductors, software, internet, and networking, among others.
History of Fund/Manager
Columbia is responsible for SLMCX, and the company is based out of Kansas City, MO. Columbia Seligman Technology & Information A debuted in June of 1983. Since then, SLMCX has accumulated assets of about $6.97 billion, according to the most recently available information. A team of investment professionals is the fund's current manager.
Performance
Investors naturally seek funds with strong performance. This fund has delivered a 5-year annualized total return of 25.07%, and it sits in the top third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 11.28%, which places it in the top third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. SLMCX's standard deviation over the past three years is 24.38% compared to the category average of 15.89%. Looking at the past 5 years, the fund's standard deviation is 25.41% compared to the category average of 16.84%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should note that the fund has a 5-year beta of 1.26, so it is likely going to be more volatile than the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. The fund has produced a positive alpha over the past 5 years of 5.87, which shows that managers in this portfolio are skilled in picking securities that generate better-than-benchmark returns.
Expenses
As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, SLMCX is a load fund. It has an expense ratio of 1.20% compared to the category average of 1%. So, SLMCX is actually more expensive than its peers from a cost perspective.
While the minimum initial investment for the product is $2,000, investors should also note that there is no minimum for each subsequent investment.
Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included.
Bottom Line
Overall, even with its comparatively strong performance, worse downside risk, and higher fees, Columbia Seligman Technology & Information A ( SLMCX ) has a neutral Zacks Mutual Fund rank, and therefore looks a somewhat average choice for investors right now.
Don't stop here for your research on Sector - Tech funds. We also have plenty more on our site in order to help you find the best possible fund for your portfolio. Make sure to check out www.zacks.com/funds/mutual-funds for more information about the world of funds, and feel free to compare SLMCX to its peers as well for additional information. If you are more of a stock investor, make sure to also check out our Zacks Rank, and our full suite of tools we have available for novice and professional investors alike.
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https://www.zacks.com/stock/news/2218479/is-columbia-seligman-technology-information-a-slmcx-a-strong-mutual-fund-pick-right-now?
| 2024-01-31T16:39:59Z
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There are plenty of choices in the Mid Cap Growth category, but where should you start your research? Well, one fund that may not be worth investigating is Eventide Gilead Fund N (ETGLX - Free Report) . ETGLX possesses a Zacks Mutual Fund Rank of 5 (Strong Sell), which is based on various forecasting factors like size, cost, and past performance.
Objective
ETGLX is part of the Mid Cap Growth section, a segment that boasts a wide array of possible selections. While Mid Cap Growth mutual funds choose companies with a stock market valuation between $2 billion and $10 billion, stocks in these funds are also expected to show broad considerable growth opportunities for investors compared to their peers. To be considered a growth stock, companies must consistently report impressive sales and/or earnings growth.
History of Fund/Manager
Eventide is responsible for ETGLX, and the company is based out of Willow Grove, PA. Eventide Gilead Fund N debuted in July of 2008. Since then, ETGLX has accumulated assets of about $519.49 million, according to the most recently available information. Finny Kuruvilla is the fund's current manager and has held that role since July of 2008.
Performance
Investors naturally seek funds with strong performance. This fund has delivered a 5-year annualized total return of 13.33%, and it sits in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of -3.44%, which places it in the bottom third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. ETGLX's standard deviation over the past three years is 21.99% compared to the category average of 16.15%. Looking at the past 5 years, the fund's standard deviation is 23.97% compared to the category average of 17.26%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
Investors should note that the fund has a 5-year beta of 1.09, so it is likely going to be more volatile than the market at large. Because alpha represents a portfolio's performance on a risk-adjusted basis relative to a benchmark, which is the S&P 500 in this case, one should pay attention to this metric as well. The fund has produced a negative alpha over the past 5 years of -2.22, which shows that managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
As competition heats up in the mutual fund market, costs become increasingly important. Compared to its otherwise identical counterpart, a low-cost product will be an outperformer, all other things being equal. Thus, taking a closer look at cost-related metrics is vital for investors. In terms of fees, ETGLX is a no load fund. It has an expense ratio of 1.38% compared to the category average of 0.99%. So, ETGLX is actually more expensive than its peers from a cost perspective.
While the minimum initial investment for the product is $1,000, investors should also note that each subsequent investment needs to be at least $50.
Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included.
Bottom Line
Overall, Eventide Gilead Fund N ( ETGLX ) has a low Zacks Mutual Fund rank, and in conjunction with its comparatively similar performance, worse downside risk, and higher fees, this fund looks like a poor potential choice for investors right now.
For additional information on the Mid Cap Growth area of the mutual fund world, make sure to check out www.zacks.com/funds/mutual-funds. There, you can see more about the ranking process, and dive even deeper into ETGLX too for additional information. And don't forget, Zacks has all of your needs covered on the equity side too! Make sure to check out Zacks.com for more information on our screening capabilities, Rank, and all our articles as well.
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https://www.zacks.com/stock/news/2218480/is-eventide-gilead-fund-n-etglx-a-strong-mutual-fund-pick-right-now?
| 2024-01-31T16:40:05Z
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Having trouble finding a Pacific Rim - Equity fund? Fidelity Emerging Asia Fund (FSEAX - Free Report) is a possible starting point. FSEAX holds a Zacks Mutual Fund Rank of 3 (Hold), which is based on various forecasting factors like size, cost, and past performance.
Objective
FSEAX is one of many Pacific Rim - Equity funds to choose from. Pacific Rim - Equity mutual funds typically invest in companies throughout the dominant export-focused markets of Hong Kong, Singapore, Taiwan, and Korea. Since Japan mutual funds are already popular in their own right, these Pacific funds will usually invest less than 10% of their assets in Japanese companies.
History of Fund/Manager
Fidelity is based in Boston, MA, and is the manager of FSEAX. Fidelity Emerging Asia Fund made its debut in April of 1993, and since then, FSEAX has accumulated about $931.12 million in assets, per the most up-to-date date available. Xiaoting Zhao is the fund's current manager and has held that role since June of 2019.
Performance
Obviously, what investors are looking for in these funds is strong performance relative to their peers. FSEAX has a 5-year annualized total return of 8.58% and is in the top third among its category peers. Investors who prefer analyzing shorter time frames should look at its 3-year annualized total return of -12.65%, which places it in the bottom third during this time-frame.
It is important to note that the product's returns may not reflect all its expenses. Any fees not reflected would lower the returns. Total returns do not reflect the fund's [%] sale charge. If sales charges were included, total returns would have been lower.
When looking at a fund's performance, it is also important to note the standard deviation of the returns. The lower the standard deviation, the less volatility the fund experiences. Compared to the category average of 20.85%, the standard deviation of FSEAX over the past three years is 22.86%. The standard deviation of the fund over the past 5 years is 23.15% compared to the category average of 21.32%. This makes the fund more volatile than its peers over the past half-decade.
Risk Factors
With a 5-year beta of 0.74, the fund is likely to be less volatile than the market average. Another factor to consider is alpha, as it reflects a portfolio's performance on a risk-adjusted basis relative to a benchmark-in this case, the S&P 500. FSEAX's 5-year performance has produced a negative alpha of -1.64, which means managers in this portfolio find it difficult to pick securities that generate better-than-benchmark returns.
Expenses
Costs are increasingly important for mutual fund investing, and particularly as competition heats up in this market. And all things being equal, a lower cost product will outperform its otherwise identical counterpart, so taking a closer look at these metrics is key for investors. In terms of fees, FSEAX is a no load fund. It has an expense ratio of 0.87% compared to the category average of 1.23%. Looking at the fund from a cost perspective, FSEAX is actually cheaper than its peers.
Investors need to be aware that with this product, the minimum initial investment is $0; each subsequent investment has no minimum amount.
Fees charged by investment advisors have not been taken into considiration. Returns would be less if those were included.
Bottom Line
Overall, Fidelity Emerging Asia Fund ( FSEAX ) has a neutral Zacks Mutual Fund rank, and in conjunction with its comparatively strong performance, average downside risk, and lower fees, Fidelity Emerging Asia Fund ( FSEAX ) looks like a somewhat average choice for investors right now.
For additional information on the Pacific Rim - Equity area of the mutual fund world, make sure to check out www.zacks.com/funds/mutual-funds. There, you can see more about the ranking process, and dive even deeper into FSEAX too for additional information. For analysis of the rest of your portfolio, make sure to visit Zacks.com for our full suite of tools which will help you investigate all of your stocks and funds in one place.
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https://www.zacks.com/stock/news/2218481/is-fidelity-emerging-asia-fund-fseax-a-strong-mutual-fund-pick-right-now?
| 2024-01-31T16:40:12Z
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Otis Worldwide (OTIS - Free Report) came out with quarterly earnings of $0.87 per share, beating the Zacks Consensus Estimate of $0.85 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 2.35%. A quarter ago, it was expected that this company would post earnings of $0.87 per share when it actually produced earnings of $0.95, delivering a surprise of 9.20%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Otis Worldwide
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.
Otis Worldwide shares have added about 0.6% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Otis Worldwide?
While Otis Worldwide 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 Otis Worldwide: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.89 on $3.47 billion in revenues for the coming quarter and $3.80 on $14.59 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Miscellaneous is currently in the top 26% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Owens Corning (OC - 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 14.
This construction materials company is expected to post quarterly earnings of $2.82 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.
Owens Corning's revenues are expected to be $2.24 billion, down 2.1% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218483/otis-worldwide-otis-tops-q4-earnings-and-revenue-estimates
| 2024-01-31T16:40:18Z
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Group 1 Automotive (GPI - Free Report) came out with quarterly earnings of $9.50 per share, missing the Zacks Consensus Estimate of $10.49 per share. This compares to earnings of $10.86 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -9.44%. A quarter ago, it was expected that this auto dealer would post earnings of $11.32 per share when it actually produced earnings of $12.07, delivering a surprise of 6.63%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Group 1 Automotive
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.
Group 1 Automotive shares have lost about 7.4% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Group 1 Automotive?
While Group 1 Automotive 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 Group 1 Automotive: 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 $8.62 on $4.11 billion in revenues for the coming quarter and $39.83 on $17.53 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 - Retail and Whole Sales is currently in the bottom 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, AutoNation (AN - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on February 13.
This auto retailer is expected to post quarterly earnings of $4.87 per share in its upcoming report, which represents a year-over-year change of -23.6%. The consensus EPS estimate for the quarter has been revised 1.1% lower over the last 30 days to the current level.
AutoNation's revenues are expected to be $6.62 billion, down 1.2% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218484/group-1-automotive-gpi-q4-earnings-lag-estimates
| 2024-01-31T16:40:24Z
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Thermo Fisher Scientific (TMO - Free Report) came out with quarterly earnings of $5.67 per share, beating the Zacks Consensus Estimate of $5.64 per share. This compares to earnings of $5.40 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 0.53%. A quarter ago, it was expected that this maker of scientific instrument and laboratory supplies would post earnings of $5.58 per share when it actually produced earnings of $5.69, delivering a surprise of 1.97%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Thermo Fisher
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.
Thermo Fisher shares have added about 6.8% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Thermo Fisher?
While Thermo Fisher 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 Thermo Fisher: 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 $5 on $10.3 billion in revenues for the coming quarter and $21.77 on $42.71 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 - Instruments 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.
One other stock from the same industry, Integra LifeSciences (IART - Free Report) , is yet to report results for the quarter ended December 2023.
This medical device maker is expected to post quarterly earnings of $0.90 per share in its upcoming report, which represents a year-over-year change of -4.3%. The consensus EPS estimate for the quarter has been revised 0.7% lower over the last 30 days to the current level.
Integra LifeSciences' revenues are expected to be $398.85 million, up 0.2% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218486/thermo-fisher-scientific-tmo-tops-q4-earnings-and-revenue-estimates
| 2024-01-31T16:40:31Z
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Regis (RGS - Free Report) came out with a quarterly loss of $0.43 per share versus the Zacks Consensus Estimate of a loss of $1.19. This compares to loss of $1.20 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 63.87%. A quarter ago, it was expected that this owner of hair salon chains Supercuts and MasterCuts would post a loss of $1.60 per share when it actually produced earnings of $0.60, delivering a surprise of 137.50%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Regis
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.
Regis shares have added about 46% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Regis?
While Regis 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 Regis: 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 -$1.28 on $51.04 million in revenues for the coming quarter and -$2.58 on $209.37 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, Retail - Miscellaneous is currently in the bottom 25% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Sally Beauty (SBH - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on February 1.
This beauty products seller is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of -30.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Sally Beauty's revenues are expected to be $927.18 million, down 3.1% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218487/regis-rgs-reports-q2-loss-lags-revenue-estimates
| 2024-01-31T16:40:37Z
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Wix.com (WIX - Free Report) is witnessing strong momentum, with shares having rallied 42.8% in the past year compared with 35.5% and 20.2% growth of the sub-industry and S&P Composite, respectively.
Headquartered in Tel Aviv, Israel and founded in 2006, WIX is a cloud-based web development platform. It offers solutions that enable businesses, organizations, professionals and individuals to develop customized websites and application platforms, and grow their online presence.
With healthy fundamentals and strong growth opportunities, this Zacks Rank #1 (Strong Buy) stock appears to be a solid investment option at the moment.
Apart from a favorable rank, WIX has a Growth Score of A. Per Zacks proprietary methodology, stocks with a combination of a Zacks Rank #1 or #2 (Buy) and a VGM Score of A or B offer solid investment opportunities.
Image Source: Zacks Investment Research
The Zacks Consensus Estimate for WIX’s 2023 earnings per share (EPS) estimate is pegged at $4.18. It incurred a loss of 17 cents per share in 2022. The Zacks Consensus Estimate for 2024 EPS is pegged at $4.67.
The Zacks Consensus Estimate for 2023 EPS has increased to $4.18 from $4.09 in the past 60 days, reflecting analysts’ optimism. The consensus estimate for 2024 EPS has improved to $4.67 from $4.43 over the same time frame.
The company’s revenues for 2023 are projected to rise 12.5% to $1.56 billion. For 2024, the metric is anticipated to climb 11.8% to $1.74 billion.
WIX outpaced estimates in each of the trailing four quarters, delivering an earnings surprise of 283.6%, on average.
Factors at Play
Frequent launch of new products, growth in the number of registered users and premium subscriptions are key revenue drivers.
WIX expects momentum in Wix Studio to drive top-line performance going ahead. In August 2023, the company had unveiled Wix Studio, which allows users to leverage latest Artificial Intelligence (AI) technology and develop advanced websites at scale. Management had highlighted earlier that the users particularly liked the AI Code Assistant within the new Wix IDE, which enabled them to write codes easily and detect errors quickly.
The company plans to tap the growing demand for AI-enabled products through the launch of new products like Conversational AI Chat for businesses and AI Meta Tags Creator. Conversational AI chat helps users to build their online business profile and enhance their website while AI Meta Tag Creator is an AI-powered SEO tool to help users generate customized title tags and meta descriptions.
Increasing revenues from Partners business as well as B2B business bode well in the long run. In the last reported quarter, revenues from Partners business grew 38% year over year.
The conversion of new users to paid subscriptions, increasing monetization and strong customer retention is driving average revenue per subscriptions.
Going ahead, the company expects 2023 revenues and free cash flow margin to rise owing to business momentum.
Management now anticipates 2023 revenues to grow 12-13% and in the range of $1,558-$1,563 million (earlier view: growth of 11-12% and in the range of $1,543-$1,558 million).
WIX estimates free cash flow (excluding HQ capital expenditure) in the range of $235-$240 million, representing 15% of revenues. Earlier, it had projected the metric (excluding HQ capital expenditure) to be between $200 million and $210 million, representing 13% of revenues.
However, non-GAAP operating expenses are expected to decline 53-54% of revenues compared with the earlier guided range of 56-57%.
For fourth-quarter 2023, revenues are expected to be between $400 million and $405 million, suggesting 13-14% growth from the prior-year quarter's reported figure. The Zacks Consensus Estimate is pegged at $402.6 million, indicating an increase of 13.4% from a year ago.
A Few Headwinds
Volatile macroeconomic environment and unfavorable foreign currency fluctuations could weigh down on the company’s performance.
Stiff competition and rising accumulated deficit remain concerning.
Other Stocks to Consider
Other stocks worth consideration in the broader technology space include Watts Water Technologies (WTS - Free Report) , NETGEAR (NTGR - Free Report) and Blackbaud (BLKB - Free Report) . While NETGEAR and Blackbaud currently sport a Zacks Rank #1 each, Watts Water carries a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Watts Water Technologies’ 2023 EPS has improved by 1.1% in the past 60 days to $8.09. WTS’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 11.8%. Shares of WTS have jumped 22.1% in the past year.
The Zacks Consensus Estimate for 2023 is pegged at a loss of 9 cents per share for NETGEAR, which remained unchanged in the past 30 days. NTGR’s earnings outpaced the Zacks Consensus Estimate in three of the last four quarters while missing once. The average surprise was 127.5%. Shares of NTGR were down 28.8% in the past year.
The Zacks Consensus Estimate for Blackbaud’s 2023 EPS has improved by 1% in the past 60 days to $3.86. BLKB’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 10.6%. Shares of BLKB have gained 31.5% in the past year.
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https://www.zacks.com/stock/news/2218496/wix-gains-428-in-the-past-year-will-the-rally-continue?
| 2024-01-31T16:40:43Z
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IDEXX Laboratories, Inc. (IDXX - Free Report) is likely to grow in the coming quarters, backed by the sustained success of CAG’s recurring diagnostic products and services. A key element of IDEXX’s customer engagement strategy is the expansion of its commercial footprint in a disciplined approach. Robust demand for the company’s cloud-based offerings buoys optimism.
However, negative solvency and foreign exchange fluctuations are discouraging for the company’s operations.
In the past year, this Zacks Rank #3 (Hold) stock has increased 7.9% compared with the 0.8% rise of the industry and 20.2% growth of the S&P 500 composite.
The renowned medical device company has a market capitalization of $44.2 billion. IDEXX has an estimated long-term earnings growth rate of 18% compared with the industry’s 13.4%. IDXX’s earnings surpassed estimates in each of the trailing four quarters, delivering an average surprise of 7.64%.
Let’s delve deeper.
Upsides
Strong Global Performance: The company’s increased commercial presence as a result of seven international commercial expansions since 2020 helped drive solid double-digit year-over-year gains in the international premium instrument installed base across platforms in the third quarter of 2023. This includes a record number of instrument placements in the Asia-Pacific region, which helped drive 13% growth in the international installed base.
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In the third quarter, IDEXX’s consumable gains are aided by solid growth in the global premium instrument installed base, reflecting robust gains across its Catalyst, Premium Hematology and SediVue platforms. In addition, IDEXX’s premium instrument placements continue to benefit from the international launch of ProCyte One. In the third quarter, the company placed 4,571 CAG premium instruments, while ProCyte One surpassed an installed base of more than 12,000 units.
CAG Continues to Perform Well: IDXX’s long-term success in the continuing growth of CAG recurring diagnostic products and services depends upon growing volumes at existing customers by increasing their utilization of existing and new test offerings, acquiring new customers, maintaining high customer loyalty and retention and realizing modest annual price increases. IDEXX continuously seeks opportunities to enhance the care that veterinary professionals give to their patients and clients by supporting the implementation of real-time care testing workflows, which perform tests and share test results with the client during the patient visit.
In the third quarter of 2023, IDEXX's CAG Diagnostics recurring revenues increased 9% organically, which remained solidly above sector growth levels. The results were supported by the sustained benefits of execution drivers.
Cloud-Based Software in Trend: The huge demand for medical services that clients see is what motivates IDEXX to develop its software solutions. Both individual and corporate customers, in particular, are attracted to these solutions as they become more concerned with leveraging software to standardize their processes at scale. Given the high demand for pet healthcare services, occupied clinics continue to recognize the value of cloud-based products because they enable them to spend more time concentrating on the patients who walk through the door rather than on time-consuming back-office tasks.
IDEXX cloud-based products, including ezyVet and NEO PIMS and Web PACS's imaging software, continue to be in high demand as a response to this trend. The company’s software innovation is deeply integrated with its approaches to diagnostics innovations, as evidenced by its highly successful instrument platform strategy, enabled by cloud-based capabilities and connectivity that enhance practice insight and workflow.
Downsides
Foreign Exchange Headwind: The majority of IDEXX’s consolidated revenues are derived from the sale of products in international markets. Thus, the strengthening of the rate of exchange for the U.S. dollar relative to other currencies had a negative impact on the company’s revenues derived in currencies other than the U.S. dollar and on profits from products manufactured in the United States and sold internationally. In the third quarter of 2023, the impact of foreign currency movements decreased IDEXX’s gross profit margin by approximately 60 basis points.
Debt Profile: At the end of the third quarter of 2023, IDEXX reported a short-term debt of $400 million against the corresponding cash and cash equivalents of $331.7 million. With unfavorable solvency, the company is likely to face a challenge in repaying its obligations.
Estimate Trend
The Zacks Consensus Estimate for IDEXX’s 2023 earnings per share (EPS) has moved up from $9.85 to $9.87 in the past 30 days.
The Zacks Consensus Estimate for the company’s 2023 revenues is pegged at $3.65 billion. This suggests an 8.4% rise from the year-ago reported number.
Key Picks
Some better-ranked stocks in the broader medical space are Haemonetics (HAE - Free Report) , Insulet (PODD - Free Report) and DaVita (DVA - Free Report) .
Haemonetics has an estimated earnings growth rate of 28.4% for fiscal 2024 compared with the industry’s 16.8%. HAE’s earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 16.1%. Its shares have fallen 5.1% against the industry’s 0.7% rise in the past year.
HAE carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Insulet, sporting a Zacks Rank #1 at present, has a long-term estimated earnings growth rate of 35.7% compared with the industry’s 12.2%. Shares of the company have decreased 33.9% against the industry’s 0.7% rise over the past year.
PODD’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 105.1%. In the last reported quarter, it delivered an average earnings surprise of 77.5%.
DaVita, sporting a Zacks Rank #1 at present, has an estimated long-term earnings growth rate of 17.3% compared with the industry’s 11.5%. Shares of DVA have rallied 26.7% compared with the industry’s 4.4% rise over the past year.
DVA’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 36.6%. In the last reported quarter, it delivered an average earnings surprise of 48.4%.
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https://www.zacks.com/stock/news/2218498/heres-why-you-should-invest-in-idexx-idxx-stock-right-now
| 2024-01-31T16:40:50Z
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QIAGEN N.V. (QGEN - Free Report) recently announced a collaboration with Penn State University, United States, to create a shared research and education facility for fast-developing microbiome sciences. The company will provide instruments and kits for preparing and processing microbial samples for the flagship project at Penn State’s Huck Institutes of the Life Sciences, “One Health Microbiome Center”, to support faculty and students.
The latest development will significantly boost the company’s Life Sciences business area.
Significance of the Collaboration
Microbiome research aims to explore the relationships between microorganisms such as bacteria, fungi and viruses and their hosts. It can help better understand the microbiome’s impact on health, diseases and ecological processes to develop novel diagnostic solutions and therapeutic strategies.
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One of the leading academic research institutions in the field of microbiome research, Penn State is among the top 30 public research universities in the United States, with more than $1.2 billion in annual research expenditures. The first-in-kind partnership is anchored by a shared vision for an interconnection between the health of humans, animals and ecosystems, which will help shape research, education and outreach in the nascent field of the microbiome sciences and potentially accelerate the careers of a new generation of aspiring scientists.
News in Detail
The university-industry partnership will investigate research opportunities that address challenges and research gaps facing the microbiome, which involves research into a community of microorganisms that can be found living together in any given environment, including the human body. In doing so, this new partnership will provide QIAGEN with a site to support the development of the new microbiome solutions.
The facility will also provide vital industry research and training opportunities for next-generation scientists. This includes an internship program for Penn State graduate students at QIAGEN laboratories at the European operational headquarters in Hilden, Germany, helping them prepare for careers in the biotechnology industry. According to the head of QIAGEN’s Life Sciences business, it will also foster relationships with the microbiome research community, enabling to better develop new products for microbiome research based on direct customer feedback.
Among the multiple projects involved in the collaboration, the team will support the worldwide science education program “Discover the Microbes Within! The Wolbachia Project”. This program enables students at the middle and high school levels, as well as those in college, to learn about arthropods and collect scientific data about the bacterial endosymbiont Wolbachia pipientis. This bacterium is often used as a model organism to investigate animal-microbe interactions, genetics, evolution, ecology and human health.
Other Developments in the Life Sciences Business
Earlier in November 2023, QIAGEN expanded its sample technologies portfolio with the introduction of two new products aimed at supporting researchers in managing diverse materials such as bone, tissue and soil samples. The TissueLyser III complements the company’s portfolio of high-throughput instruments, which include QIAcube HT, QIAxcel Connect and QIAsymphony. The new RNeasy PowerMax Soil Pro Kit is specifically designed for challenging soil samples, particularly those rich in PCR inhibitors such as compost, sediment and manure.
The company also launched three new QIAcuity kits to enhance digital PCR applications in biopharma research and food safety, ensuring precise quantification, increased sensitivity and cost efficiency. The QIAcuity Software 2.5 update will help streamline digital PCR analysis with precise run temperature and sample dilution information critical to biotech and pharma reporting and auditing.
Industry Prospects
Per a Research report, the global microbiome sequencing services market was valued at $1.37 billion in 2022 and is expected to witness a CAGR of 10.9% till 2030.
Price Performance
In the past six months, QGEN shares have dropped 9.8% against the industry’s 2.4% rise.
Zacks Rank and Key Picks
QIAGEN currently carries a Zacks Rank #3 (Hold).
Some better-ranked stocks in the broader medical space are Haemonetics (HAE - Free Report) , Insulet (PODD - Free Report) and DaVita (DVA - Free Report) . Haemonetics carries a Zacks Rank #2 (Buy), while Insulet and DaVita each sport a Zacks Rank #1 (Strong Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Haemonetics’ stock has risen 13.3% in the past year. Earnings estimates for Haemonetics have remained constant at $3.89 in fiscal 2024 and increased from $4.15 to $4.18 in fiscal 2025 in the past 30 days.
HAE’s earnings beat estimates in each of the trailing four quarters, delivering an average surprise of 16.1%. In the last reported quarter, it posted an earnings surprise of 5.3%.
Estimates for Insulet’s 2023 earnings per share have remained constant at $1.97 in the past 30 days. Shares of the company have decreased 30.9% in the past year compared with the industry’s decline of 1.2%.
PODD’s earnings surpassed estimates in all the trailing four quarters, the average surprise being 105.1%. In the last reported quarter, it delivered an average earnings surprise of 77.5%.
Estimates for DaVita’s 2023 earnings per share have remained constant at $8.07 in the past 30 days. Shares of the company have risen 7.4% in the past year compared with the industry’s growth of 2.9%.
DVA’s earnings surpassed estimates in each of the trailing four quarters, the average surprise being 36.6%. In the last reported quarter, it delivered an average earnings surprise of 48.4%.
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https://www.zacks.com/stock/news/2218502/qiagen-qgen-forges-alliance-to-advance-microbiome-sciences
| 2024-01-31T16:40:56Z
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Malibu Boats, Inc. (MBUU - Free Report) reported second-quarter fiscal 2024 results, with earnings beating the Zacks Consensus Estimate but revenues missing the same. However, both the top and bottom lines declined on a year-over-year basis. Weak retail demand negatively impacted the company’s results in the quarter.
Per Jack Springer, Chief Executive Officer of Malibu Boats, despite the current uncertainties in the macroeconomic landscape, there are encouraging signs emerging after its Year End Sales event for Malibu, showcasing the resilience of its brands. The forthcoming boat show season will serve as an additional indicator for providing another gauge of retail recovery.
Earnings & Revenues Details
During the fiscal second quarter, MBUU reported adjusted earnings per share (EPS) of 58 cents, beating the Zacks Consensus Estimate of 46 cents. In the prior-year quarter, it reported adjusted EPS of $1.78.
Quarterly revenues of $211.1 million missed the Zacks Consensus Estimate of $219 million. Also, the top line decreased 37.7% on a year-over-year basis. The decline in net sales was primarily attributed to reduced unit volumes across all segments, stemming from lower retail demand. Additionally, increased dealer flooring program costs were incurred across all segments due to higher interest rates and elevated inventory levels.
Segmental Performance
Net sales in the Malibu segment decreased 51.7% year over year to $76.4 million. The downside was mainly caused by lower units and increased dealer flooring program costs.
Net sales in the Saltwater Fishing segment decreased 21.6% year over year to $82.7 million.
Revenues from the Cobalt segment declined 30.7% year over year to $52 million.
Operating Highlights
Selling and marketing expenses declined 9.5% year over year to $5.6 million. The decline was primarily due to a decrease in marketing events.
General and administrative expenses totaled $15.4 million compared with $19.1 million reported in the prior-year quarter.
Adjusted EBITDA came in at $22.9 million compared with $57.6 million reported in the prior-year quarter. Adjusted EBITDA margin was 10.9% compared with 17% reported a year ago.
Balance Sheet
Cash, as of Dec 31, 2023, totaled $55.7 million compared with $78.9 million as of Jun 30, 2023.
Inventory was $157.8 million compared with $171.2 million reported in the prior-year period.
As of Dec 31, 2023, the company reported long-term debt of $35 million.
Fiscal 2024 Outlook
Management expects net sales to decline in the range of mid-to-high thirties on a year-over-year basis. It forecast adjusted EBITDA margin to fall 800-900 basis points from the year-ago levels.
Malibu Boats currently has a Zacks Rank #3 (Hold).
Key Picks
Here are some better-ranked stocks from the Zacks Consumer Discretionary sector.
H World Group Limited (HTHT - Free Report) currently sports a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.
It has a trailing four-quarter earnings surprise of 94.5%, on average. The stock has fallen 33.5% in the past year. The Zacks Consensus Estimate for HTHT’s 2024 sales and EPS indicates an improvement of 7.9% and 9.8%, respectively, from the year-ago levels.
Atour Lifestyle Holdings Limited (ATAT - Free Report) flaunts a Zacks Rank of 1. It has a trailing four-quarter earnings surprise of 15.5%, on average. The stock has fallen 32.9% in the past year.
The Zacks Consensus Estimate for ATAT’s 2024 sales and EPS implies growth of 14.2% and 48.6%, respectively, from the year-ago levels.
Acushnet Holdings Corp. (GOLF - Free Report) currently carries a Zacks Rank of 2 (Buy). It has a trailing four-quarter earnings surprise of 49.9%, on average. The stock has risen 35.7% in the past year.
The Zacks Consensus Estimate for GOLF’s 2024 sales and EPS suggests growth of 2.5% and 5%, respectively, from the year-ago levels.
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https://www.zacks.com/stock/news/2218503/malibu-boats-mbuu-q2-earnings-beat-revenues-miss-estimates
| 2024-01-31T16:41:02Z
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United States Steel Corporation (X - Free Report) is scheduled to come up with its fourth-quarter 2023 results after the closing bell on Feb 1.
The company's earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters at an average of 24.1%. It delivered an earnings surprise of roughly 21.7% in the last reported quarter. Weaker performance in the Flat-Rolled segment on lower volumes and selling prices is expected to have weighed on the company’s fourth-quarter results.
Shares of U.S. Steel are up 68.9% over a year compared with the industry’s rise of 5.8%.
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Let’s see how things are shaping up for this announcement.
Zacks Model
Our proven model predicts an earnings beat for U.S. Steel this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earning beat.
Earnings ESP: Earnings ESP for U.S. Steel is +0.26%. The Zacks Consensus Estimate for the fourth quarter is currently pegged at 25 cents. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Zacks Rank: U.S. Steel currently carries a Zacks Rank #1.
What do the Estimates Say?
U.S. Steel, last month, issued its guidance for the fourth quarter. It envisions adjusted EBITDA for the quarter to be nearly $250 million. Fourth-quarter adjusted earnings per share are expected in the range of 20-25 cents.
The Zacks Consensus Estimate for revenues for U.S. Steel for the fourth quarter is currently pinned at $3,702.1 million, indicating a 14.7% year-over-year decline.
Our estimate for consolidated shipments for the fourth quarter currently stands at 3,679,000 tons, reflecting a 2.2% decrease on a sequential basis.
Some Factors at Play
U.S. Steel’s fourth-quarter results are likely to have been impacted by weaker selling prices. The impacts of weaker prices and volumes are expected to reflect on the performance of the company’s Flat-Rolled unit.
U.S. steel prices rebounded during the fourth quarter with the benchmark hot-rolled coil (HRC) prices breaking above $1,000 per short ton in December, driven by U.S. steel mills’ price hike actions, supply tightness and a recovery in demand. The recovery is also being supported by the resolution to the United Auto Workers (UAW) strike. Notably, the UAW reached a deal with the Detroit Big Three in November 2023, ending the roughly six-week strike that weighed on the U.S. steel industry due to a slowdown in automotive demand.
Despite the rebound in HRC prices, weaker selling prices are likely to have hurt the company’s top line and margins in the quarter to be reported.
U.S. Steel, in December, stated that it expects fourth-quarter adjusted EBITDA for Flat-Rolled Segment to decline from third-quarter levels. The Mini Mill Segment's adjusted EBITDA is anticipated to be lower than the third quarter. The company’s European segment is projected to maintain adjusted EBITDA in line with third-quarter levels. Moreover, the Tubular unit is projected to witness slightly higher sequential adjusted EBITDA.
The Flat-Rolled segment is expected to have faced headwinds from lower volumes stemming from the idled blast furnace at Granite City Works and planned maintenance at other facilities in the fourth quarter. Sequentially weaker selling prices are likely to have affected the segment’s profitability. Our estimate for average realized price per ton in the Flat-Rolled unit stands at $951, suggesting an 8.2% sequential decline.
Lower selling prices are expected to have affected results in the Mini Mill unit in the December quarter. However, the impacts of lower raw material prices are likely to reflect on the segment’s performance. Our estimate for average realized price per ton for the unit is pegged at $788, reflecting a 12.5% decrease on a sequential basis.
The results in the Europe unit are expected to have been hurt by weaker selling prices. However, the unit is likely to have benefited from lower raw material costs and higher shipment volumes. Our estimate for average realized price per ton for the unit stands at $813, calling for a 4.6% sequential decline.
The Tubular segment is expected to have witnessed headwinds from lower selling prices, offset by increased shipment volumes. Our estimate for average realized price per ton for the unit stands at $2,448, calling for a 16.4% sequential decline.
Stocks That Warrant a Look
Here are some companies in the basic materials space you may want to consider as our model shows they too have the right combination of elements to post an earnings beat this quarter:
Nutrien Ltd. (NTR - Free Report) , scheduled to release earnings on Feb 21, has an Earnings ESP of +8.52% and carries a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The consensus estimate for NTR’s earnings for the fourth quarter is currently pegged at 72 cents.
Agnico Eagle Mines Limited (AEM - Free Report) , slated to release earnings on Feb 15, has an Earnings ESP of +8.23% and carries a Zacks Rank #3 at present.
The consensus mark for AEM’s fourth-quarter earnings is currently pegged at 46 cents.
Kinross Gold Corporation (KGC - Free Report) , scheduled to release fourth-quarter earnings on Feb 14, has an Earnings ESP of +16.37%.
The Zacks Consensus Estimate for Kinross' earnings for the fourth quarter is currently pegged at 9 cents. KGC currently carries a Zacks Rank #3.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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https://www.zacks.com/stock/news/2218504/us-steel-x-to-report-q4-earnings-whats-in-the-cards?
| 2024-01-31T16:41:08Z
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In the ever-evolving retail landscape, BJ's Wholesale Club Holdings, Inc. (BJ - Free Report) stands as a testament to the significance of adaptability and innovation. Recognizing these as pivotal elements for success, the company has consistently expanded its membership base, elevated digital capabilities and pursued operational excellence, creating a foundation for enduring growth.
BJ's Wholesale Club places a premium on delivering quality products at competitive prices, reinforcing its position in the industry. The strategic approach involves refining product assortments, expediting club openings, expanding delivery services and crafting a winning formula that fortifies the company's market standing.
Strategies Unveiled
BJ's Wholesale Club’s commitment to bolstering marketing and merchandising capabilities, coupled with its foray into high-demand categories and expansion of its own-brand portfolio, has yielded remarkable results. It has played a pivotal role in driving membership signups and renewals, resulting in a notable surge in membership fee income.
In the third quarter of fiscal 2023, membership fee income witnessed a year-over-year increase of 6.6%, fueled by strong renewal rates and successful membership acquisition. We foresee a sustained improvement in membership fee income as new club openings ramp up.
Image Source: Zacks Investment Research
BJ's Wholesale Club's focus on expanding digital capabilities is another key aspect of its growth trajectory. Offering members convenient options such as same-day delivery, curbside pick-up and buy online, pick up in-club, the company ensures an engaging and seamless digital shopping experience. A robust digital portfolio, encompassing platforms like Bjs.com, BerkleyJensen.com, Wellsleyfarms.com, delivery.bjs.com and the BJ’s mobile app, underscores the commitment to digital excellence.
Teaming up with DoorDash for on-demand grocery delivery and introducing Same-Day Select, which offers members unlimited or a set number of same-day grocery deliveries in as little as two hours, further highlights BJ's commitment to meet evolving consumer needs.
Management believes that digitally engaged members have higher average baskets and make more trips per year than members who shop in-club only. Digitally enabled comparable sales rose 16% in the third quarter. Clubs fulfill approximately 90% of digitally enabled sales.
Conclusion
BJ's Wholesale Club's growth strategies, effective price management, positive membership trends and digitization efforts are anticipated to continue supporting comparable sales trends. The company's long-term financial targets project a low-to-mid-single-digit-percentage increase in comparable club sales (excluding gasoline sales), mid-single-digit percentage total revenue growth and a high-single-to-low-double-digit-percentage increase in earnings per share.
Despite the positive aspects as discussed, the market dynamics have hurt the stock. Shares of this Zacks Rank #3 (Hold) company have fallen 5.3% in the past three months against the industry’s increase of 15.5%. Nonetheless, with a Value Score of B, BJ's Wholesale presents an opportunity for investors to acquire shares at a discounted price.
3 Picks You Can’t Miss Out On
Here, we have highlighted three better-ranked stocks, namely Ingredion Incorporated (INGR - Free Report) , Target (TGT - Free Report) and Ollie's Bargain (OLLI - Free Report) .
Ingredion Incorporated, which produces and sells sweeteners, starches, nutrition ingredients and biomaterial solutions, holds a Zacks Rank #2 (Buy). INGR delivered a positive earnings surprise of 23.9% in the last reported quarter. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) 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.
Target, a general merchandise retailer, currently carries a Zacks Rank #2. TGT has a trailing four-quarter earnings surprise of 30.8%, on average.
The Zacks Consensus Estimate for Target’s current fiscal-year earnings suggests growth of 38.5% from the year-ago reported numbers.
Ollie's Bargain, America’s largest retailer of closeout merchandise and excess inventory, currently carries a Zacks Rank #2. Ollie's Bargain has a trailing four-quarter earnings surprise of 7%, on average.
The Zacks Consensus Estimate for Ollie's Bargain’s current financial-year sales and earnings suggests growth of 15.1% and 74.7%, respectively, from the year-ago reported numbers.
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Ollie's Bargain Outlet Holdings, Inc. (OLLI) - free report >>
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https://www.zacks.com/stock/news/2218507/bjs-wholesale-bj-rides-on-membership-surge-digital-drive?-digital-drive
| 2024-01-31T16:41:15Z
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Graco Inc.’s (GGG - Free Report) fourth-quarter 2023 adjusted earnings of 80 cents per share surpassed the Zacks Consensus Estimate of 79 cents. The bottom line improved 10% year over year due to solid momentum in the Industrial, Process and Contractor segments. Shares of the company have increased 2.2% since the earnings release on Oct 29.
The company’s net sales of $566.6 million managed to beat the consensus estimate of $566 million. The top line also increased 2% year over year.
On a regional basis, quarterly sales generated from the Americas increased 3% year over year. In Europe, the Middle East and Africa (EMEA), sales increased 5% year over year. Sales from the Asia Pacific decreased 5% year over year.
Segmental Details
Revenues in the Industrial segment totaled $192 million (contributing to 33.9% of the quarter’s sales), rising 1% year over year, driven by end-market strength in the Americas. However, this was partially offset by low finishing system sales in the EMEA and Asia Pacific regions. Our estimate for segmental revenues was $197.7 million. Favorable foreign currency translations increased sales by 2%. Core sales declined 1% year over year.
Revenues in the Process segment grossed $135.9 million (contributing to 24% of the quarter’s sales), increasing 4% year over year. Our estimate for the segment’s revenues was $145.8 million. The improvement came on the back of a 4% rise in core sales.
Revenues in the Contractor segment totaled $238.8 million (contributing to 42.1% of the quarter’s sales), up 2% year over year, supported by positive responses from new product offerings. However, the gains were partially offset by slower economic activity in construction markets. Our estimate for segmental revenues was $223.5 million. Core sales improved 1% in the quarter. Favorable foreign currency translations increased sales by 1%.
Margin Profile
In the fourth quarter, Graco’s cost of sales declined 5.5% year over year to $266.7 million. Gross profit increased 9.9% to $299.9 million, while the margin rose 4 percentage points. The favorable effects of realized pricing and lower product costs benefited the margin’s performance.
Operating income increased 11.4% year over year to $169.9 million. The operating margin increased 3 percentage points from the year-ago quarter. Interest expenses in 2023 totaled $5.2 million compared with $9.9 million reported in the previous year. The adjusted effective tax rate in the quarter was 14%, while the same for 2023 was 17%.
Balance Sheet and Cash Flow
Exiting the fourth quarter, Graco had cash and cash equivalents of $538 million compared with $339.2 million at the end of 2022.
It generated net cash of $651 million from operating activities in 2023 compared with $377.4 million generated in the year-ago period. Capital used for purchasing property, plant and equipment totaled $184.8 million compared with $201.2 million in the year-ago period.
GGG paid out dividends worth $158.3 million to its shareholders in 2023, up 11.4% from the previous year. It repurchased common stocks worth $102.3 million in 2023.
Outlook
The company remains focused on its core strategies, including new product introduction, accessing new markets and targeting strategic acquisitions to enhance shareholder value. It expects low single-digit organic revenue growth on a constant-currency basis for 2024.
Zacks Rank & Other Stocks to Consider
Graco currently carries a Zacks Rank #2 (Buy). Some other top-ranked companies from the same space are discussed below:
Applied Industrial Technologies, Inc. (AIT - Free Report) presently carries a Zacks Rank #2. It has a trailing four-quarter average earnings surprise of 10.4%. You can see the complete list of today’s Zacks #1 (Strong Buy) Rank stocks here.
The Zacks Consensus Estimate for AIT’s fiscal 2024 (ending June 2024) earnings remained steady in the past 60 days.
Flowserve Corporation (FLS - Free Report) presently carries a Zacks Rank of 2. FLS delivered a trailing four-quarter average earnings surprise of 27.3%. In the past 60 days, the Zacks Consensus Estimate for Flowserve’s 2023 earnings has remained steady.
Crane Company (CR - Free Report) currently carries a Zacks Rank of 2. The company delivered a trailing four-quarter average earnings surprise of 25.1%. In the past 60 days, the Zacks Consensus Estimate for Crane’s 2024 earnings has increased 0.6%.
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https://www.zacks.com/stock/news/2218512/graco-ggg-q4-earnings-sales-beat-estimates-increase-yy?-sales-beat-estimates,-increase-y/y
| 2024-01-31T16:41:21Z
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CGI Group (GIB - Free Report) came out with quarterly earnings of $1.34 per share, beating the Zacks Consensus Estimate of $1.31 per share. This compares to earnings of $1.22 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 2.29%. A quarter ago, it was expected that this information technology and business process services company would post earnings of $1.33 per share when it actually produced earnings of $1.33, delivering no surprise.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
CGI
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.
CGI 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 CGI?
While CGI 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 CGI: 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 $1.43 on $2.73 billion in revenues for the coming quarter and $5.58 on $10.69 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 - Services is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, PDF Solutions (PDFS - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on February 15.
This provider of software and services for semiconductor makers is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents a year-over-year change of -15.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
PDF Solutions' revenues are expected to be $41 million, up 1.2% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218513/cgi-group-gib-surpasses-q1-earnings-and-revenue-estimates
| 2024-01-31T16:41:27Z
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Cencora (COR - Free Report) came out with quarterly earnings of $3.28 per share, beating the Zacks Consensus Estimate of $2.86 per share. This compares to earnings of $2.71 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 14.69%. A quarter ago, it was expected that this prescription drug distributor would post earnings of $2.79 per share when it actually produced earnings of $2.86, delivering a surprise of 2.51%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Cencora
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.
Cencora shares have added about 7.4% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Cencora?
While Cencora 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 Cencora: 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 $3.64 on $68.83 billion in revenues for the coming quarter and $12.88 on $283.96 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 Services is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, The Beauty Health Company (SKIN - Free Report) , is yet to report results for the quarter ended December 2023.
This company is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of -283.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
The Beauty Health Company's revenues are expected to be $87.55 million, down 10.8% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218514/cencora-cor-q1-earnings-and-revenues-surpass-estimates
| 2024-01-31T16:41:33Z
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MarketAxess (MKTX - Free Report) came out with quarterly earnings of $1.84 per share, beating the Zacks Consensus Estimate of $1.72 per share. This compares to earnings of $1.58 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 6.98%. A quarter ago, it was expected that this operator of bond trading platforms would post earnings of $1.49 per share when it actually produced earnings of $1.46, delivering a surprise of -2.01%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
MarketAxess
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.
MarketAxess shares have lost about 6.3% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for MarketAxess?
While MarketAxess 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 MarketAxess: 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 $1.94 on $217.5 million in revenues for the coming quarter and $7.61 on $853.47 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, Securities and Exchanges 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, CBOE Global (CBOE - Free Report) , is yet to report results for the quarter ended December 2023. The results are expected to be released on February 2.
This holding company for the Chicago Board Options Exchange is expected to post quarterly earnings of $2.02 per share in its upcoming report, which represents a year-over-year change of +12.2%. The consensus EPS estimate for the quarter has been revised 1.5% higher over the last 30 days to the current level.
CBOE Global's revenues are expected to be $505.08 million, up 10.5% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218515/marketaxess-mktx-q4-earnings-and-revenues-surpass-estimates
| 2024-01-31T16:41:40Z
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Gen Digital (GEN - Free Report) is slated to report third-quarter fiscal 2024 results on Feb 1. Gen Digital was formerly known as NortonLifeLock Inc. and was trading under the NLOK ticker symbol.
NortonLifeLock changed its name and ticker symbol, effective from Nov 8, 2022, following the completed merger of NortonLifeLock and Avast Plc. The newly named company unites trusted consumer safety brands, including Norton, Avast, LifeLock, AVG, Avira, CCleaner and ReputationDefender.
The company projects quarterly revenues between $950 million and $960 million. The Zacks Consensus Estimate for third-quarter revenues is pegged at $955.8 million, indicating a 2.1% improvement from the year-ago quarter’s figure of $936 million.
For the third quarter of fiscal 2024, Gen Digital expects non-GAAP earnings in the range of 49 cents-51 cents per share. The Zacks Consensus Estimate is pegged at 50 cents per share, indicating an 11.1% higher than the year-ago reported figure of 45 cents.
The company’s earnings surpassed the Zacks Consensus Estimate thrice in the trailing four quarters while matching on one occasion, the average surprise being 4.1%.
Let’s see how things have shaped up before this announcement.
Factors to Note
GEN’s third-quarter performance is likely to have benefited from the increased demand for cybersecurity and ID analytics solutions in the hybrid work environment. Over the past couple of years, as more people are shifting online, the need for online privacy has been rising. Global workforces working remotely are logging into employers' networks, escalating the need for digital security. This trend is likely to have spurred the demand for Gen Digital’s security products in the fiscal third quarter.
Our third-quarter estimate for Gen Digital’s Consumer Security segment’s revenues is pegged at $611.7 million, indicating a year-over-year increase of 3.7%. Our estimate of $330 million for the Identity and Information Protection division implies growth of 2.2% from the year-ago quarter.
Gen Digital’s third-quarter top line is also likely to have been primarily driven by the inclusion of the Avast business, which significantly increased the combined company’s Average Direct Customer count. Our third-quarter estimate for this key metric is pegged at 38.4 million.
Moreover, the expansion of product offerings following the merger of NortonLifeLock and Avast is likely to have facilitated the newly formed company to cross-sell products to each other’s customers, thereby aiding Average Revenue Per User (“ARPU”) growth. Gen Digital’s ARPU increased by 30 cents to $7.28 in the second quarter of fiscal 2024 from $6.98 in the year-ago quarter.
We anticipate the trend is likely to have continued in the to-be-reported quarter. Our third-quarter fiscal 2024 estimate for ARPU is pegged at $7.32, which is 23 cents higher than the third-quarter fiscal 2023 level.
An expansion in the EMEA, Asia Pacific and Latin American regions is also likely to have been an upside for GEN this season. Further, the growing number of client bookings, supported by their retention and renewal rates, is anticipated to have contributed to the company’s fiscal third-quarter top line. At the end of the second quarter of fiscal 2024, Gen Digital’s client retention rate was 77%, while bookings grew 28% on a year-over-year basis.
The Norton and Avast antivirus maker’s sustained focus on growing partner channels and employee benefit programs is likely to have driven its performance in the quarter to be reported. Our estimate for the company’s Partner revenues is pegged at $98.4 million, which calls for a 3.5% increase from the year-ago quarter. Additionally, Direct Customer revenues are expected to increase 3.1% year over year to $843.4 million, per our estimate.
However, GEN’s overall third-quarter performance is likely to have been negatively impacted by unfavorable foreign exchange rates. Additionally, increased interest expenses due to enhanced debt related to Avast acquisition financing are likely to have weighed on the bottom line. Moreover, the company’s earnings per share are expected to have been negatively impacted by the equity dilution impact of the Avast acquisition. To finance the acquisition of Avast, Gen Digital issued 94 million new shares.
What Our Model Says
Our proven model does not conclusively predict an earnings beat for Gen Digital this season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. However, that’s not the case here.
Though GEN currently carries a Zacks Rank of 3, it 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.
Stocks With the Favorable Combination
Per our model, Fabrinet (FN - Free Report) , Apple (AAPL - Free Report) and Meta Platforms (META - Free Report) have the right combination of elements to post an earnings beat in their upcoming releases.
Fabrinet carries a Zacks Rank #1 and has an Earnings ESP of +2.13%. The company is scheduled to report second-quarter fiscal 2024 results on Feb 5. Its earnings beat the Zacks Consensus Estimate in the preceding four quarters, with the average surprise being 3.4%. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Fabrinet’s second-quarter earnings stands at $2.04 per share, indicating a year-over-year improvement of 7.4%. It is estimated to report revenues of $699.8 million, which suggests an increase of approximately 4.7% from the year-ago quarter.
Apple is slated to report first-quarter fiscal 2024 results on Feb 1. The company has a Zacks Rank #3 and an Earnings ESP of +1.96% at present. Apple’s earnings beat the Zacks Consensus Estimate thrice in the trailing four quarters while missing on one occasion, the average surprise being 3.5%.
The Zacks Consensus Estimate for first-quarter earnings is pegged at $2.09 per share, suggesting an increase of 11.2% from the year-ago quarter’s earnings of $1.88. Apple’s quarterly revenues are estimated to improve marginally to $117.62 billion from $117.15 billion in the year-ago quarter.
Meta carries a Zacks Rank #2 and has an Earnings ESP of +0.79%. The company is scheduled to report fourth-quarter 2023 results on Feb 1. Its earnings surpassed the Zacks Consensus Estimate in each of the trailing four quarters, the average surprise being 27.5%.
The Zacks Consensus Estimate for Meta’s fourth-quarter earnings is pegged at $4.83 per share, indicating a year-over-year increase of 61%. The consensus mark for revenues stands at $38.93 billion, calling for a year-over-year rise of 21%.
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https://www.zacks.com/stock/news/2218516/gen-digital-gen-to-report-q3-earnings-whats-in-the-cards?
| 2024-01-31T16:41:46Z
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Exxon Mobil Corporation (XOM - Free Report) is set to release fourth-quarter 2023 results on Feb 2, before the opening bell. Since the integrated energy player has significant exposure to upstream business, the favorable oil and natural gas prices are likely to have aided the quarterly performance.
Upstream Business
ExxonMobil’s upstream businesses fall under core operations. This segment covers the company’s activities in exploring and developing oil and natural gas resources. From upstream operations within and outside the United States, the energy giant reported earnings of $6.1 billion, excluding identified items, in the third quarter of 2023.
Upstream Q3 Performance
Non-U.S. Operation: In third-quarter 2023, ExxonMobil reported earnings of $4.6 billion, excluding identified items, from upstream activities outside the United States. This marked a decline from the year-earlier figure of $8.7 billion.
U.S Operation: From domestic operations, ExxonMobil reported a profit of $1.6 billion, down from $3.1 billion in a year-ago quarter.
Q4 Oil & Gas Price
Per data provided by the U.S. Energy Information Administration, the average spot West Texas Intermediate crude prices per barrel in October, November and December were $85.64, $77.69 and $71.90, respectively. Although the prices were not as high as in the year-ago quarter, the commodity prices, since higher than the $70 per barrel mark, were thus impressive and healthy.
Natural gas prices in the December quarter were healthier than in the third quarter, aiding the exploration and production activities of XOM.
Gas Price to Support Q4 Upstream Profit
ExxonMobil, in its recent SEC filing, expressed optimism over higher natural gas prices aiding its fourth-quarter earnings but expects lower oil prices to offset the positive. It expects its upstream business’ earnings in the fourth quarter to be supported by $0.4-$0.8 billion sequentially, thanks to increased gas prices, but get hurt by $0.8-$0.4 billion owing to lower liquid prices.
Earnings Beat
Favorable oil and gas prices are likely to have backed ExxonMobil’s earnings in the December quarter of 2023.
ExxonMobil, carrying a Zacks Rank #3 (Hold), has an Earnings ESP of +0.47%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Our proven model predicts an earnings beat for ExxonMobil this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 increases the chances of an earnings beat, which is the case here.
Other Stocks to Consider
Here are some other firms worth considering, as these, too, have the right combination of elements to beat on earnings in the upcoming quarterly reports:
Western Midstream Partners LP (WES - Free Report) currently has an Earnings ESP of +6.96% and a Zacks Rank #3. You can see the complete list of today’s Zacks #1 Rank stocks here.
The partnership is scheduled to release fourth-quarter earnings on Feb 21. The Zacks Consensus Estimate for WES’s earnings is pegged at 78 cents per share, suggesting a decline from the year-ago figure.
Williams (WMB - Free Report) has an Earnings ESP of +1.82% and is currently a Zacks #3 Ranked player.
The company is scheduled to release fourth-quarter results on Feb 14.
Murphy USA Inc. (MUSA - Free Report) has an Earnings ESP of +10.67% and is a Zacks #3 Ranked player at present.
Murphy USA is scheduled to release fourth-quarter results on Feb 7. The Zacks Consensus Estimate for MUSA’s earnings is pegged at $5.97 per share, suggesting a year-over-year improvement of almost 15%.
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Exxon Mobil Corporation (XOM) - free report >>
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https://www.zacks.com/stock/news/2218517/will-exxonmobils-xom-upstream-business-aid-q4-earnings?
| 2024-01-31T16:41:52Z
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Lennox International (LII - Free Report) came out with quarterly earnings of $3.63 per share, beating the Zacks Consensus Estimate of $3.46 per share. This compares to earnings of $2.63 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 4.91%. A quarter ago, it was expected that this manufacturer of furnaces, air conditioners and other products would post earnings of $4.73 per share when it actually produced earnings of $5.37, delivering a surprise of 13.53%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Lennox
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.
Lennox shares have added about 0.1% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Lennox?
While Lennox 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 Lennox: 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 $3.14 on $1.08 billion in revenues for the coming quarter and $19.88 on $5.2 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Air Conditioner and Heating is currently in the top 17% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
One other stock from the same industry, The AZEK Company (AZEK - Free Report) , is yet to report results for the quarter ended December 2023. The results are expected to be released on February 6.
This company is expected to post quarterly earnings of $0.05 per share in its upcoming report, which represents a year-over-year change of +155.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
The AZEK Company's revenues are expected to be $234.12 million, up 8.3% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218519/lennox-international-lii-beats-q4-earnings-and-revenue-estimates
| 2024-01-31T16:41:58Z
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Aptiv PLC (APTV - Free Report) came out with quarterly earnings of $1.40 per share, beating the Zacks Consensus Estimate of $1.29 per share. This compares to earnings of $1.27 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 8.53%. A quarter ago, it was expected that this company would post earnings of $1.20 per share when it actually produced earnings of $1.30, delivering a surprise of 8.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Aptiv PLC
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.
Aptiv PLC shares have lost about 3.3% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Aptiv PLC?
While Aptiv PLC 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 Aptiv PLC: 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 $1.35 on $5.16 billion in revenues for the coming quarter and $5.79 on $21.56 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, Technology Services is currently in the top 32% 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.
Parsons (PSN - 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 14.
This software and infrastructure services provider is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of +23.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Parsons' revenues are expected to be $1.31 billion, up 19% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218520/aptiv-plc-aptv-beats-q4-earnings-estimates
| 2024-01-31T16:42:05Z
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Avery Dennison (AVY - Free Report) came out with quarterly earnings of $2.16 per share, beating the Zacks Consensus Estimate of $2.15 per share. This compares to earnings of $1.65 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 0.47%. A quarter ago, it was expected that this maker of office products would post earnings of $2.07 per share when it actually produced earnings of $2.10, delivering a surprise of 1.45%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Avery Dennison
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.
Avery Dennison shares have lost about 0.5% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Avery Dennison?
While Avery Dennison 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 Avery Dennison: 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 $2.01 on $2.18 billion in revenues for the coming quarter and $9.15 on $8.81 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, Office Supplies is currently in the bottom 17% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Acco Brands (ACCO - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023.
This maker of office supplies is expected to post quarterly earnings of $0.32 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Acco Brands' revenues are expected to be $473.08 million, down 5.3% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218521/avery-dennison-avy-q4-earnings-and-revenues-surpass-estimates
| 2024-01-31T16:42:11Z
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Brinker International (EAT - Free Report) came out with quarterly earnings of $0.99 per share, beating the Zacks Consensus Estimate of $0.94 per share. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.32%. A quarter ago, it was expected that this operator of restaurant chains Chili's Grill & Bar and Maggiano's Little Italy would post earnings of $0.03 per share when it actually produced earnings of $0.28, delivering a surprise of 833.33%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Brinker International
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.
Brinker International shares have lost about 5.8% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Brinker International?
While Brinker International 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 Brinker International: 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 $1.13 on $1.12 billion in revenues for the coming quarter and $3.55 on $4.34 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 - Restaurants is currently in the bottom 39% 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, Yum Brands (YUM - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on February 7.
This parent company of KFC, Taco Bell and Pizza Hut is expected to post quarterly earnings of $1.39 per share in its upcoming report, which represents a year-over-year change of +6.1%. The consensus EPS estimate for the quarter has been revised 0.7% lower over the last 30 days to the current level.
Yum Brands' revenues are expected to be $2.12 billion, up 4.9% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218522/brinker-international-eat-surpasses-q2-earnings-estimates
| 2024-01-31T16:42:17Z
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Evercore (EVR - Free Report) came out with quarterly earnings of $2.02 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $3.50 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 23.93%. A quarter ago, it was expected that this investment bank would post earnings of $1.31 per share when it actually produced earnings of $1.30, delivering a surprise of -0.76%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Evercore
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.
Evercore 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 Evercore?
While Evercore 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 Evercore: 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 $1.95 on $617.88 million in revenues for the coming quarter and $11.88 on $2.97 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Bank is currently in the bottom 31% 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, Moelis (MC - Free Report) , is yet to report results for the quarter ended December 2023. The results are expected to be released on February 7.
This investment bank is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of -133.3%. The consensus EPS estimate for the quarter has been revised 37.3% lower over the last 30 days to the current level.
Moelis' revenues are expected to be $197.87 million, down 4.5% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218523/evercore-evr-beats-q4-earnings-and-revenue-estimates
| 2024-01-31T16:42:23Z
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In a promising start to 2024, the U.S. consumer confidence index has soared to its highest level since the close of 2021, registering an impressive 114.8 in January, a notable climb from the revised 108.0 in December, as reported by the Conference Board. This surge not only signifies a positive transformation in how Americans perceive the economy, job market, and inflation but also lays the foundation for an optimistic economic outlook.
Factors Propelling Confidence
The peak marks the third consecutive monthly rise in consumer confidence, indicating that the momentum in household spending from late last year is poised to continue.
Dana Peterson, chief economist at the Conference Board, attributes this confidence surge to a blend of factors. Slower inflation, anticipation of impending interest rate cuts and favorable employment conditions, with companies actively expanding their labor forces, have all contributed to renewed optimism among consumers.
Given that consumer spending constitutes a significant 70% of the U.S. economic activity, this confidence surge holds promising prospects for the retail sector. Over the past six months, the Retail & Wholesale sector has advanced 10.1% compared with the S&P 500’s rise of 7.6%.
Image Source: Zacks Investment Research
Retailers Strategically Positioned for Growth
Among the retailers strategically positioned for growth is Abercrombie & Fitch Co. (ANF - Free Report) , a leading, global, omnichannel specialty retailer of apparel and accessories for men, women and kids. This Zacks Rank #1 (Strong Buy) company boasts a robust brand portfolio, operational efficiency and a sound regional strategy. You can see the complete list of today’s Zacks #1 Rank stocks here.
Additionally, Chipotle Mexican Grill, Inc. (CMG - Free Report) , a chain of fast-casual restaurants, and Target Corporation (TGT - Free Report) , a general merchandise retailer, strategically position themselves to capitalize on the upswing in consumer confidence, seamlessly aligning with the current economic trajectory. Both carry a Zacks Rank #2 (Buy), showcasing their potential for growth.
Completing the quartet of retailers poised for substantial growth is Amazon.com, Inc. (AMZN - Free Report) , the Zacks Rank #2 e-commerce giant. Each of these retailers positions itself strategically to leverage the uptick in consumer sentiment.
Dispelling Recession Fears
This boost in consumer confidence aligns with other positive economic indicators, including a remarkable 3.3% annualized increase in gross domestic product (GDP) for the fourth quarter of 2023. The robust economic growth, coupled with eased inflation, has successfully steered the United States away from previously anticipated recessionary pressures.
Noteworthy is the Expectations Index, climbing to 83.8 in January 2024, up from 81.9 in December 2023, underscoring a positive consumer outlook and dispelling recession fears. Additionally, the Present Situation Index, reflecting consumers' assessment of current business and labor market conditions, surged to 161.3, up from 147.2 last month, underscoring the favorable current economic landscape.
Riding the Wave of Economic Confidence
As U.S. consumer confidence hits new highs and retailers strategically position themselves for growth, savvy investors stand to benefit from the buoyant economic climate. Navigating these optimistic trends with a strategic eye on retail stocks could offer investors a pathway to sustained growth in the evolving market landscape.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.
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https://www.zacks.com/stock/news/2218524/consumer-confidence-reaches-2-year-high-fuels-retail-growth
| 2024-01-31T16:42:30Z
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Vacasa, Inc. (VCSA - Free Report) shares rallied 10.4% in the last trading session to close at $9.24. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.1% gain over the past four weeks.
The positive response from investors can be due to the multiyear partnership with Matterport, integrating their Digital Twin Platform into property onboarding and guest services. This collaboration enhances Vacasa's management of tens of thousands of rentals, streamlining the capture, documentation, and promotion process with immersive virtual tours and high-res photos through a single appointment.
This company is expected to post quarterly loss of $6.82 per share in its upcoming report, which represents a year-over-year change of -197.4%. Revenues are expected to be $176.03 million, down 19.3% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Vacasa, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on VCSA going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Vacasa, Inc. is a member of the Zacks Technology Services industry. One other stock in the same industry, Inspired Entertainment (INSE - Free Report) , finished the last trading session 4.5% lower at $9.53. INSE has returned 1% over the past month.
Inspired Entertainment's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.20. Compared to the company's year-ago EPS, this represents a change of +81.8%. Inspired Entertainment currently boasts a Zacks Rank of #3 (Hold).
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https://www.zacks.com/stock/news/2218528/strength-seen-in-vacasa-inc-vcsa-can-its-104-jump-turn-into-more-strength?
| 2024-01-31T16:42:36Z
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Roper Technologies (ROP - Free Report) came out with quarterly earnings of $4.37 per share, beating the Zacks Consensus Estimate of $4.33 per share. This compares to earnings of $3.92 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 0.92%. A quarter ago, it was expected that this industrial equipment maker would post earnings of $4.21 per share when it actually produced earnings of $4.32, delivering a surprise of 2.61%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Roper Technologies
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.
Roper Technologies 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 Roper Technologies?
While Roper Technologies 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 Roper Technologies: 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 $4.28 on $1.6 billion in revenues for the coming quarter and $17.96 on $6.62 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, Computers - IT Services is currently in the top 31% 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.
Vertiv Holdings Co. (VRT - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023.
This company is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of +89.3%. The consensus EPS estimate for the quarter has been revised 12.1% higher over the last 30 days to the current level.
Vertiv Holdings Co.'s revenues are expected to be $1.89 billion, up 14.1% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218532/roper-technologies-rop-beats-q4-earnings-and-revenue-estimates
| 2024-01-31T16:42:42Z
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Silgan Holdings (SLGN - Free Report) came out with quarterly earnings of $0.63 per share, beating the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.84 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 8.62%. A quarter ago, it was expected that this packaging products supplier would post earnings of $1.14 per share when it actually produced earnings of $1.16, delivering a surprise of 1.75%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Silgan
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.
Silgan shares have lost about 3.6% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Silgan?
While Silgan 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 Silgan: 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 $0.72 on $1.4 billion in revenues for the coming quarter and $3.66 on $6.11 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, Containers - Metal and Glass is currently in the bottom 17% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Ball (BALL - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023. The results are expected to be released on February 1.
This metal packaging company is expected to post quarterly earnings of $0.77 per share in its upcoming report, which represents a year-over-year change of +75%. The consensus EPS estimate for the quarter has been revised 2.2% lower over the last 30 days to the current level.
Ball's revenues are expected to be $3.52 billion, down 0.7% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218533/silgan-holdings-slgn-q4-earnings-surpass-estimates
| 2024-01-31T16:42:48Z
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The S&P 500, after posting a whopping 24% gain in 2023, is continuing its winning streak this year. The S&P 500 enjoys a bull market and has touched record highs after spinning in a tight trading range for quite some time.
The broader index gained more than 3% in January, as solid economic growth crushed recession fearmongering while inflationary pressure cooled down to levels that encouraged the Federal Reserve to take a dovish stance.
The uptick in consumer outlays and strength in the labor market helped the U.S. economy expand at an annualized rate of 3.3% in the fourth quarter of 2023, which followed an annual growth of 4.9% in the third quarter, per the Commerce Department. Strong back-to-back readings came in despite the Fed’s monetary tightening measures.
In reality, consumer spending increased by 2.8% in the final quarter of 2023, while business investments and government spending also improved. On the other hand, jobs are being added to the economy at a steady clip and the jobless rate remains low.
Needless to say, economic slowdown fears are now on the back burner, with most of the respondents surveyed by the National Association of Business Economics agreeing that there is a 50% or less chance of the U.S. economy heading into a recession in the upcoming one-year span as prices pressures have eased and supply-chain issues have ebbed.
Talking about inflation, the Fed’s preferred measure of inflation, the personal consumption expenditures price index, increased only 1.7% in the fourth quarter, less than the 2.6% increase in the third quarter, and very much around the Fed’s target of 2%. With price pressures falling, the Fed is expected to trim interest rates this year, which boosts consumer spending and business investments.
Thus, with things looking up for the economy, the stock market is poised to gain for the rest of the year. Historically, the rest of the year’s performance is dependent on how stocks performed in January, better known as the “January barometer.” If the S&P 500 finishes in the green in January, then it's expected to post positive results for the remainder of the year.
Moreover, Bespoke Investment Group stated that when the S&P 500 gained more than 2% in January, its median performance for the remaining year was an increase of 13.5%. Hence, on this heartening note, it is prudent for investors to place their bets on fundamentally sound growth stocks that can make the most of the stock market’s upward journey.
Some of the prominent names are Arista Networks (ANET - Free Report) , Chipotle Mexican Grill (CMG - Free Report) , Netflix (NFLX - Free Report) , DaVita (DVA - Free Report) and Royal Caribbean Cruises (RCL - Free Report) . These stocks carry a Zacks Rank #1 (Strong Buy) or 2 (Buy) and a Growth Score of A or B, a combination that offers the best opportunities in the growth investing space. You can see the complete list of today’s Zacks Rank #1 stocks here.
Arista Networks is engaged in providing cloud networking solutions. Arista Networks currently has a Zacks Rank #1 and a Growth Score of B. The Zacks Consensus Estimate for its current-year earnings has moved up 0.6% over the past 90 days. ANET’s expected earnings growth rate for the current year is 43%.
Chipotle Mexican Grill operates quick-casual and fresh Mexican food restaurant chains. Chipotle Mexican Grill currently has a Zacks Rank #2 and a Growth Score of A. The Zacks Consensus Estimate for its current-year earnings has moved up 0.2% over the past 60 days. CMG’s expected earnings growth rate for the current year is 34.6%.
Netflix is considered a pioneer in the streaming space. Netflix currently has a Zacks Rank #1 and a Growth Score of B. The Zacks Consensus Estimate for its current-year earnings has moved up 6.3% over the past 60 days. NFLX’s expected earnings growth rate for the current year is 40.7%.
DaVita is a leading provider of dialysis services in the United States. DaVita currently has a Zacks Rank #1 and a Growth Score of A. The Zacks Consensus Estimate for its current-year earnings has moved up 9.2% over the past 90 days. DVA’s expected earnings growth rate for the current year is 22.3%.
Royal Caribbean Cruises is a cruise company. Royal Caribbean Cruises currently has a Zacks Rank #2 and a Growth Score of A. The Zacks Consensus Estimate for its current-year earnings has moved up 0.6% over the past 60 days. RCL’s expected earnings growth rate for the current year is 188.4%.
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https://www.zacks.com/stock/news/2218534/strong-january-is-a-good-omen-for-wall-street-5-growth-picks
| 2024-01-31T16:42:55Z
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Nasdaq (NDAQ - Free Report) came out with quarterly earnings of $0.72 per share, beating the Zacks Consensus Estimate of $0.70 per share. This compares to earnings of $0.64 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 2.86%. A quarter ago, it was expected that this exchange operator would post earnings of $0.67 per share when it actually produced earnings of $0.71, delivering a surprise of 5.97%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Nasdaq
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.
Nasdaq shares have added about 0.5% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Nasdaq?
While Nasdaq 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 Nasdaq: 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 $0.64 on $1.12 billion in revenues for the coming quarter and $2.72 on $4.5 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, Securities and Exchanges 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.
IntercontinentalExchange (ICE - 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 owner of the New York Stock Exchange and other stock markets is expected to post quarterly earnings of $1.29 per share in its upcoming report, which represents a year-over-year change of +3.2%. The consensus EPS estimate for the quarter has been revised 0.8% lower over the last 30 days to the current level.
IntercontinentalExchange's revenues are expected to be $2.19 billion, up 23.7% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218535/nasdaq-ndaq-q4-earnings-and-revenues-beat-estimates
| 2024-01-31T16:43:01Z
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Rockwell Automation (ROK - Free Report) came out with quarterly earnings of $2.04 per share, missing the Zacks Consensus Estimate of $2.62 per share. This compares to earnings of $2.46 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -22.14%. A quarter ago, it was expected that this industrial equipment and software maker would post earnings of $3.49 per share when it actually produced earnings of $3.64, delivering a surprise of 4.30%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Rockwell Automation
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.
Rockwell Automation shares have lost about 1.1% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Rockwell Automation?
While Rockwell Automation 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 Rockwell Automation: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $3.14 on $2.31 billion in revenues for the coming quarter and $12.85 on $9.29 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, Industrial Automation and Robotics is currently in the top 45% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Emerson Electric (EMR - Free Report) , another stock in the broader Zacks Industrial Products sector, has yet to report results for the quarter ended December 2023. The results are expected to be released on February 7.
This maker of process controls systems, valves and analytical instruments is expected to post quarterly earnings of $1.04 per share in its upcoming report, which represents a year-over-year change of +33.3%. The consensus EPS estimate for the quarter has been revised 0.1% lower over the last 30 days to the current level.
Emerson Electric's revenues are expected to be $3.89 billion, up 15.4% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218536/rockwell-automation-rok-lags-q1-earnings-and-revenue-estimates
| 2024-01-31T16:43:07Z
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New York Community Bancorp (NYCB - Free Report) came out with a quarterly loss of $0.27 per share versus the Zacks Consensus Estimate of $0.29. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -193.10%. A quarter ago, it was expected that this bank holding company would post earnings of $0.35 per share when it actually produced earnings of $0.36, delivering a surprise of 2.86%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
New York Community Bancorp
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
New York Community Bancorp shares have added about 1.5% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for New York Community Bancorp?
While New York Community Bancorp has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?
There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.
Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
Ahead of this earnings release, the estimate revisions trend for New York Community Bancorp: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #5 (Strong Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.30 on $922.38 million in revenues for the coming quarter and $1.33 on $3.78 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Savings and Loan is currently in the bottom 40% 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, BankFinancial (BFIN - Free Report) , has yet to report results for the quarter ended December 2023.
This bank holding company is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of -22.2%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
BankFinancial's revenues are expected to be $14.4 million, down 6.4% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218537/new-york-community-bancorp-nycb-reports-q4-loss-lags-revenue-estimates
| 2024-01-31T16:43:13Z
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Old Dominion Freight Line (ODFL - Free Report) came out with quarterly earnings of $2.94 per share, beating the Zacks Consensus Estimate of $2.86 per share. This compares to earnings of $2.92 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 2.80%. A quarter ago, it was expected that this trucking company would post earnings of $2.89 per share when it actually produced earnings of $3.09, delivering a surprise of 6.92%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Old Dominion
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.
Old Dominion shares have lost about 2.3% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Old Dominion?
While Old Dominion 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 Old Dominion: 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 $2.85 on $1.53 billion in revenues for the coming quarter and $13.15 on $6.52 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Truck is currently in the bottom 6% 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, XPO (XPO - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on February 7.
This freight management company is expected to post quarterly earnings of $0.61 per share in its upcoming report, which represents a year-over-year change of -37.8%. The consensus EPS estimate for the quarter has been revised 7% lower over the last 30 days to the current level.
XPO's revenues are expected to be $1.9 billion, up 3.7% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218538/old-dominion-freight-line-odfl-q4-earnings-top-estimates
| 2024-01-31T16:43:19Z
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Fiserv, Inc. (FI - Free Report) is scheduled to release its fourth-quarter 2023 results on Feb 6, before market open.
FI’s earnings surprise history has been decent. It has surpassed the Zacks Consensus Estimate in two of the four trailing quarters and matched on the other two instances. The average surprise is 0.58%.
Q4 Expectations
The Zacks Consensus Estimate for the top line is currently pegged at $4.69 billion, up 7.5% from the year-ago actual figure. The growth can be considered a perk of having an industry-leading distribution network and customer base.
It is expected the company will report a double-digit adjusted earnings per share (EPS) figure for this quarter as well, thus making it the consecutive 38th time. The consensus estimate for EPS is pegged at $2.15, up 12.6% year over year. Strong revenue performance and technology-driven efficiencies are likely to have been the driving force of such earning growth.
Segmental Expectations
Our estimate for Processing and Services revenues for third-quarter 2023 is pegged at $3.98 billion, indicating 7.1% growth from the year-ago reported figure. Our estimate for Product revenues for the quarter is pegged at $905.9 million, indicating a slight decline from the year-ago reported figure.
Further, we expect Merchant Acceptance and Financial Technology revenues to grow 5.9% and 0.5% year over year, respectively, to $1.97 billion and $827.2 million. The GAAP revenue estimates of Payment and Network, and Corporate and Other are pegged at $1.81 billion and $284.3 million, indicating year-over-year growth of 8.7% and 0.5%, respectively.
What Our Model Says
Our proven model predicts a likely earnings beat for Fiserv this season. 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. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.
FI has an Earnings ESP of +0.05% and a Zacks Rank of 2. You can see the complete list of today’s Zacks #1 Rank stocks here.
Other Stocks to Consider
Here are a few stocks from the broader Business Services sector, which according to our model, also have the right combination of elements to beat on earnings this season.
Gartner(IT - Free Report) : The Zacks Consensus Estimate for the company’s fourth-quarter revenues is pegged at $1.59 billion, indicating growth of 5.4%. For earnings, the consensus mark is $2.78 per share, down 24.6% from the year-ago quarter. The company beat the consensus estimate in each of the past four quarters, with an average surprise of 34.4%.
IT currently has an Earnings ESP of +0.81% and a Zacks Rank of 2. The company is scheduled to declare its fourth-quarter results on Feb 6.
Rollins (ROL - Free Report) :The Zacks Consensus Estimate for the company’s fourth-quarter revenues is pegged at $750.09 million, indicating growth of 13.4%. For earnings, the consensus mark is pegged at 21 cents per share, up 23.5% from the year-ago quarter. The company beat the consensus estimate in three of the past four quarters and matched on the other instance. It has an average surprise of 7.2%.
ROL currently carries an Earnings ESP of +2.44% and a Zacks Rank of 3. The company is scheduled to declare its fourth-quarter results on Feb 14.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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https://www.zacks.com/stock/news/2218541/fiserv-fi-to-report-q4-earnings-whats-in-the-offing?
| 2024-01-31T16:43:25Z
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Extreme Networks (EXTR - Free Report) came out with quarterly earnings of $0.24 per share, missing the Zacks Consensus Estimate of $0.27 per share. This compares to earnings of $0.27 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -11.11%. A quarter ago, it was expected that this maker of network infrastructure equipment would post earnings of $0.32 per share when it actually produced earnings of $0.35, delivering a surprise of 9.38%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Extreme Networks
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.
Extreme Networks shares have lost about 5.7% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Extreme Networks?
While Extreme Networks 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 Extreme Networks: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.32 on $327 million in revenues for the coming quarter and $1.34 on $1.32 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 - Networking is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Infinera (INFN - Free Report) , has yet to report results for the quarter ended December 2023.
This communications equipment maker is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of -37.5%. The consensus EPS estimate for the quarter has been revised 12.5% higher over the last 30 days to the current level.
Infinera's revenues are expected to be $434.24 million, down 10.6% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218542/extreme-networks-extr-q2-earnings-lag-estimates
| 2024-01-31T16:43:32Z
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Radcom (RDCM - Free Report) came out with quarterly earnings of $0.25 per share, beating the Zacks Consensus Estimate of $0.17 per share. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 47.06%. A quarter ago, it was expected that this monitoring service for the communications industry would post earnings of $0.07 per share when it actually produced earnings of $0.15, delivering a surprise of 114.29%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Radcom
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.
Radcom shares have added about 19.1% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Radcom?
While Radcom 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 Radcom: 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 $0.15 on $13.3 million in revenues for the coming quarter and $0.64 on $56.6 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, Computer - Networking is currently in the top 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.
Lantronix, Inc. (LTRX - Free Report) , another stock in the same industry, has yet to report results for the quarter ended December 2023.
This company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +100%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Lantronix, Inc.'s revenues are expected to be $37.2 million, up 18.1% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218543/radcom-rdcm-beats-q4-earnings-and-revenue-estimates
| 2024-01-31T16:43:38Z
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Juniper Networks, Inc. (JNPR - Free Report) reported soft fourth-quarter 2023 results, with both the bottom and top lines missing the respective Zacks Consensus Estimate. The company recorded lower revenues year over year, owing to sluggish demand for Cloud Ready Data Center and Automated WAN Solutions. However, increasing SaaS subscriptions and healthy demand for hardware maintenance and professional services partially cushioned the top line. The company’s Annual Recurring Revenue grew 30% year over year to $384 million.
Net Income
Net income, on a GAAP basis, was $124.3 million or 38 cents per share, down from $180.4 million or 55 cents per share in the prior-year quarter. A combination of higher operating expenses and lower net sales year over year affected the net income.
Non-GAAP net income stood at $196.9 million or 61 cents per share compared with $213.8 million or 65 cents per share in the year-ago quarter. The bottom line fell short of the Zacks Consensus Estimate by 3 cents.
In 2023, GAAP net income was $310.2 million or 95 cents per share, down from $471 million or $1.43 per share in 2022. Non-GAAP net income was $736.4 million or $2.26 per share compared with $642.6 million or $1.95 per share.
Revenues
Juniper registered revenues of $1.36 billion, down from $1.44 billion in the year-ago quarter, primarily due to weakness in Cloud and Service Provider verticals. However, growth in the Enterprise vertical supported the top line during the quarter. The top line fell short of the Zacks Consensus Estimate of $1.4 billion.
In 2023, the company generated $5.56 billion in revenues, up from $5.3 billion reported in 2022.
Product revenues totaled $858.6 million compared with $988.3 million in the year-earlier quarter and fell short of our revenue estimate of $988.4 million. Net sales from Service were $506.2 million, up from $460.5 million in the year-ago quarter. The 10% year-over-year growth was driven by strong sales of hardware maintenance contracts and SaaS subscriptions. Net sales from Service surpassed our revenue estimate of $411.9 million.
By vertical, revenues from the Cloud business declined to $317.3 million from $380.3 million in the prior-year quarter but beat our estimate of $262.6 million. Declining demand trends for Cloud Ready Data Centers and AI-Driven Enterprise solutions affected the revenues of this vertical.
Service Provider contributed $400.2 million in revenues, down 15% year over year. However, net sales surpassed our estimate of $379.1 million. The downturn was primarily induced by weak demand for Automated WAN solutions.
Revenues from Enterprise recorded 8% growth year over year to $647.3 million. The upside was backed by healthy demand for AI-Driven Enterprise, hardware maintenance and professional services. Net sales missed our revenue estimate of $758.6 million. However, declining trends in Cloud Ready Data Center partially offset this positive trend.
By customer solution, Automated WAN solutions’ revenues aggregated $454.1 million, down 5% year over year. Net sales from AI-Driven Enterprise were $321.2 million, up 1% year over year. Cloud-Ready data centers contributed $180.8 million in revenues, down 30% year over year. Hardware Maintenance and Professional services generated $408.7 million in net sales, up from $391.6 million in the year-ago quarter.
By region, revenues from the Americas declined to $849.7 million from $857.4 million a year ago. Net sales from EMEA (Europe, Middle East and Africa) fell to $335.8 million from $378.5 million in the prior-year quarter. The downside in the EMEA region was induced by weak demand in the Service Provider and Cloud business. In the Asia-Pacific, revenues decreased 15.8% year over year to $179.3 million, owing to weakness in all verticals.
Other Details
Non-GAAP gross margin improved to 60.8% compared with 58.5% in the year-ago quarter. Favorable software revenue mix, easing of supply chain and other related costs boosted the gross margin.
Operating expenses, on a non-GAAP basis, rose to $579.8 million from $571.3 million, owing to higher headcount-related costs. Non-GAAP operating margin was 18.3%, marginally down from the year-ago quarter’s tally of 19.1%.
Cash Flow & Liquidity
In the fourth quarter of 2023, Juniper generated $9.1 million of cash from operating activities compared with $119.6 million in the year-earlier quarter. Delayed payment from federal taxes led to lower cash flow from operations. In 2023, the company registered an operating cash flow of $872.8 million, up from $97.6 million in 2022.
As of Dec 31, 2023, the company had $1.3 billion in cash and cash equivalents, with $1.61 billion of long-term debt compared to respective tallies of $1.23 billion and $1.6 billion in the prior-year period.
Zacks Rank & Other Stocks to Consider
Juniper currently sports a Zacks Rank #1 (Strong Buy)
Here are some other top-ranked stocks that investors may consider.
NVIDIA Corporation (NVDA - Free Report) , currently carrying a Zacks Rank #2 (Buy), delivered a trailing four-quarter average earnings surprise of 18.99%. In the last reported quarter, it delivered an earnings surprise of 19.64%. You can see the complete list of today’s Zacks #1 Rank stocks here.
NVIDIA is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit. Over the years, the company’s focus evolved from PC graphics to AI-based solutions that support high-performance computing, gaming and virtual reality platforms.
InterDigital, Inc. (IDCC - Free Report) , sports a Zacks Rank #1, delivered a trailing four-quarter average earnings surprise of 170.71%. In the last reported quarter, it delivered an earnings surprise of 78.99%.
IDCC is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks.
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank #1 at present, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has delivered an earnings surprise of 12%, on average, in the trailing four quarters.
The company holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed data center segment. It is increasingly gaining market traction in 200 and 400-gig high-performance switching products and remains well-positioned for healthy growth in the data-driven cloud networking business with proactive platforms and predictive operations.
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https://www.zacks.com/stock/news/2218544/juniper-jnpr-q4-earnings-miss-estimates-top-line-falls-yy
| 2024-01-31T16:43:44Z
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Dollar General (DG - Free Report) has been focused on revolutionizing access to fresh produce across the country. Moving on these lines, the company has exceeded its goal of offering fresh produce in more than 5,000 stores nationwide.
This significant expansion sets DG as the foremost mass retailer in the United States for individual points of produce distribution and also enriches customers' shopping experience with a variety of fresh fruits and vegetables. The selection includes essential items like tomatoes, onions, apples and potatoes, alongside salad mixes and citrus offerings such as lemons and limes.
Revealed during DG's fourth-quarter fiscal 2022 earnings, this initiative underscores the company's commitment to enhancing its store offerings. The expanded stores boast the top 20 items typically found in traditional grocery stores. This covers approximately 80% of the produce categories available at most outlets, marking a strategic enhancement in DG's product lineup.
Innovative Partnership with Shelf Engine
To further revolutionize its approach to perishable goods, Dollar General recently partnered with Shelf Engine, a leader in AI-driven retail technology. This collaboration aims to transform how DG manages its inventory of fresh items, utilizing Shelf Engine's sophisticated forecasting and ordering solutions. The goal is to maintain optimal stock levels of fresh produce, ensuring customers always find the freshest choices. As this technology integrates into DG's operations, it is poised to play a crucial role in broadening the company's product range and boosting operational efficiency.
Expansion on Track
In fiscal 2024, Dollar General is set to undertake approximately 2,385 projects, encompassing 800 new store openings, 1,500 remodels and 85 relocations. This ambitious plan focuses heavily on enhancing DG's footprint in rural communities, which are expected to house over 80% of the new stores.
Currently carrying a Zacks Rank #3 (Hold), Dollar General is dedicated to a "back to basics" strategy, aimed at refining store operations, supply-chain efficiency and merchandising tactics to uplift customer experiences and drive sales growth. A pivotal element of this approach is the investment of approximately $150 million in store labor hours to improve customer service and inventory management.
DG is vigorously enhancing its distribution and supply-chain protocols, targeting timely and complete deliveries to keep stores well-supplied. DG is improving its merchandising and pricing to emphasize its private brands. It is also streamlining products and inventory management. These are all part of an effort to provide value to customers and enable ongoing growth.
Image Source: Zacks Investment Research
Shares of DG have rallied 13.4% in the past three months compared with the industry’s growth of 21.9%.
Key Picks
Abercrombie & Fitch (ANF - Free Report) , through its subsidiaries, operates as a specialty retailer in the United States, Europe, the Middle East, Asia, the Asia-Pacific, Canada and internationally. It sports a Zacks Rank #1 (Strong Buy). ANF delivered an average earnings surprise of 713% in the trailing four quarters. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Abercrombie & Fitch’s current financial-year sales and EPS suggests growth of 15.1% and 2,320%, respectively, from the year-ago reported figures.
Target (TGT - Free Report) , operating as a general merchandise retailer in the United States, carries a Zacks Rank #2 (Buy). Target delivered an average earnings surprise of 30.9% in the trailing four quarters.
The Zacks Consensus Estimate for TGT’s current financial-year earnings indicates growth of 38.5% from the year-ago actuals.
The TJX Companies (TJX - Free Report) , a leading off-price retailer of apparel and home fashions in the United States and worldwide, carries a Zack Rank #2.
The Zacks Consensus Estimate for TJX’s current financial-year sales and earnings implies growth of 8% and 20.6%, respectively, from the year-ago actuals.
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https://www.zacks.com/stock/news/2218545/dollar-general-dg-now-offers-fresh-produce-in-5000-stores
| 2024-01-31T16:43:50Z
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WillScot (WSC - Free Report) shares rallied 5% in the last trading session to close at $47.87. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 2.5% gain over the past four weeks.
The stock might have got a boost on a news that WSC has inked a deal to acquire Livermore, CA-based leading business-to-business rental company — McGrath RentCorp (MGRC) — for $3.8 billion.
This maker of portable classrooms, mobile offices and storage units is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of +15.2%. Revenues are expected to be $620.83 million, up 5.1% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For WillScot, the consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level. And a negative trend in earnings estimate revisions doesn't usually translate into price appreciation. So, make sure to keep an eye on WSC going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
WillScot is part of the Zacks Furniture industry. Flexsteel Industries (FLXS - Free Report) , another stock in the same industry, closed the last trading session 2.5% lower at $28.17. FLXS has returned 53.3% in the past month.
For Flexsteel
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https://www.zacks.com/stock/news/2218547/strength-seen-in-willscot-wsc-can-its-50-jump-turn-into-more-strength?
| 2024-01-31T16:43:57Z
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Investors are always looking for stocks that are poised to beat at earnings season and Stanley Black & Decker, Inc. (SWK - Free Report) , may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Stanley Black & Decker is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for SWK in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at 80 cents per share for SWK, compared to a broader Zacks Consensus Estimate of 73 cents per share. This suggests that analysts have very recently bumped up their estimates for SWK, giving the stock a Zacks Earnings ESP of +10.35% heading into earnings season.
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that SWK has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Stanley Black & Decker, and that a beat might be in the cards for the upcoming report.
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https://www.zacks.com/stock/news/2218548/should-you-buy-stanley-black-decker-swk-ahead-of-earnings?
| 2024-01-31T16:44:03Z
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Baker Hughes Company (BKR - Free Report) ), a leading energy technology company, announced major achievements and collaborations during its 24th Annual Meeting in Florence, Italy, on Jan 29. The company highlighted milestones in advancing its hydrogen-enabling technologies, with a focus on testing facilities, project execution and strategic partnerships.
New Hydrogen Testing Facility Unveiled
Baker Hughes unveiled a new hydrogen testing facility dedicated to the validation of its NovaLT industrial turbines, capable of running blends up to 100% hydrogen. This facility boasts a comprehensive test bench for full load testing, complete fuel flexibility and a remarkable 300-bar pressure with a 2,450 kg storage capacity. The facility is poised to play a pivotal role in Baker Hughes' collaborative efforts with customers in the burgeoning hydrogen economy.
NovaLT 16 Hydrogen Turbine Completion
The company celebrated the completion of manufacturing and testing of its NovaLT 16 hydrogen turbines, a key component for Air Products' Net-Zero Hydrogen Energy Complex in Edmonton, Canada. These turbines underwent rigorous full-load testing at the newly unveiled hydrogen testing facility, showcasing their reliability and efficiency.
Advanced Hydrogen Compression Solutions for NEOM Project
Baker Hughes reported significant progress on another crucial hydrogen project with the delivery of advanced hydrogen compression solutions for the NEOM project in Saudi Arabia. This project, a collaboration among ACWA Power, Air Products and NEOM, is hailed as the world's largest green hydrogen initiative. The first two trains of hydrogen compression solutions mark a vital step forward in realizing the ambitious goals of the NEOM project.
Strategic Collaboration With HyET
BKR has entered into a collaboration agreement with HyET, a leading provider of low-cost, distributed power generation and commercially viable high-pressure hydrogen production technologies. The partnership aims to advance the development, industrialization and commercialization of an advanced hydrogen compression solution, further solidifying Baker Hughes' commitment to innovation in the hydrogen sector.
Memorandum of Understanding (MoU) With Green Energy Park
In another significant move, Baker Hughes signed a MoU with Green Energy Park, a vertically integrated renewable energy company specializing in ammonia and hydrogen terminal projects worldwide. The MoU outlines the principles of collaboration in multiple areas of the green hydrogen value chain, encompassing production, storage, transportation, and utilization of green hydrogen and ammonia-based fuels. The collaboration also explores the possibility of co-developing related technologies and projects on a giga-watt scale.
Dr. Samir J. Serhan, chief operating officer at Air Products, praised Baker Hughes' role in executing large-scale clean hydrogen projects, emphasizing its shared commitment to driving the energy transition and achieving the net-zero target.
Lorenzo Simonelli, chairman and CEO of Baker Hughes, highlighted the transformative nature of the energy transition, turning customer relationships into comprehensive partnerships for innovation. He emphasized the significance of collaboration and innovation in achieving the net-zero goal, pointing toward Baker Hughes' dedication to investing in and developing innovative solutions across the entire hydrogen value chain.
Zacks Rank & Key Picks
Currently, Baker Hughes carries a Zack Rank #3 (Hold).
Some better-ranked stocks in the energy sector are Oceaneering International, Inc. (OII - Free Report) , Helix Energy Solutions Group, Inc. (HLX - Free Report) and Enbridge Inc. (ENB - Free Report) . While Oceaneering sports a Zacks Rank #1 (Strong Buy), both Helix Energy and Enbridge carry a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Oceaneering International is a leading provider of integrated technology solutions, active at all phases of the offshore oilfield lifecycle. Its strong relationship with high-quality customers provides revenue visibility and business certainty. OII is well-positioned to supply equipment for deep-water projects.
Helix Energy Solutions is an international offshore energy company specializing in well intervention and robotics operations within its Contracting Services. HLX focuses on delivering cost-effective services with a commitment to zero incidents. The company integrates marine contracting with oil and gas operations to bring stability to revenues and earnings, thereby mitigating the cyclical nature of the energy industry.
Enbridge has an extensive oil and liquid pipeline system that spreads across 17,809 miles. A significant portion of the midstream operator’s earnings is generated from transportation operations, driven by a string of long-term contracts. ENB anticipates substantial cash flows from the recently completed midstream projects.
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https://www.zacks.com/stock/news/2218549/baker-hughes-bkr-steers-hydrogen-revolution-with-new-facility
| 2024-01-31T16:44:09Z
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AVANGRID, Inc. (AGR - Free Report) announced its first onshore wind project in Oklahoma, a 147.5-megawatt (MW) wind farm with 33 turbines called Pontotoc Wind. The project will generate about 500,000 megawatt-hour of power each year.
This project will be constructed in Pontotoc County. It will deliver clean, renewable wind power to 40,000 homes and expand AVANGRID’s presence in the United States to 25 states.
The construction work is expected to start in 2024. AGR anticipates the project to benefit the neighborhood for almost 20 years.
Focus on Renewable Energy
AVANGRID is among the largest renewable energy operators in the United States, with an installed renewable capacity of more than 8.6 gigawatts (GW). After the abovementioned project's completion, the company will have assets or activities across half of the nation.
Post the merger agreement’s termination with PNM Resources (PNM - Free Report) , AGR also remains focused on developing New Mexico's wind and solar energy resources. With more than $9 billion of incremental capital projects organically secured during the pendency of the merger, the company intends to focus on its strong growth prospects.
In addition to the capital projects related to the transmission of clean energy in New York, AGR will focus on delivering more than $5 billion of capital projects under its multiannual rate plans in New York and Maine, repowering more than $5 billion of renewable energy assets under the benefits of the Inflation Reduction Act (IRA).
The company is progressing on its Vineyard Wind 1 offshore project, with the installation of five wind turbines by December 2023. The 806 MW project is expected to start commercial operations in 2024.
Renewable Energy Generation on the Rise
The passage of the IRA will support and accelerate the utilities’ transition toward clean energy sources. The Act entails an opportunity for a wide range of low-cost clean energy solutions in a predictable way for a long time and will create earnings visibility.
Per the U.S. Energy Information Administration (EIA), the annual share of U.S. electricity generation from renewable energy sources will rise 24% and 26% in 2024 and 2025, respectively. EIA expects wind generation to increase 30 billion Kilowatthour (kWh) in 2024 and 17 billion kWh in 2025. Wind’s share of total generation is expected to reach 12% in 2025, up from 11% in the previous year.
AVANGRID is committed to lowering emissions and adding more renewable sources to the generation portfolio. Some other electric power industry companies like Xcel Energy Inc. (XEL - Free Report) and NextEra Energy, Inc. (NEE - Free Report) , among others, are also adopting measures to meet clean-energy targets.
Xcel Energy is reducing coal usage and targets to lower emissions by at least 80% by 2030 and achieve carbon neutrality by 2050. After completing six wind projects with 1,500 MW capacities in 2020, the company completed four wind farms, adding another 800 MW of clean energy generation capacity to its portfolio. Its total wind capacity is 11,000 MW, out of which 4,500 MW is from owned wind farms.
XEL’s long-term (three to five-year) earnings growth rate is 6.02%. The Zacks Consensus Estimate for 2024 EPS indicates a year-over-year increase of 6.6%.
NextEra Energy is aiming to reduce total carbon emissions by 67% within 2025 from the 2005 level. It continues to work on its strategy of making a long-term investment in clean-energy assets. The company expects to be able to add 33-42 GW of new renewables through 2026 to the generation portfolio via clean-energy investments.
NEE’s long-term earnings growth rate is 8.18%. The Zacks Consensus Estimate for 2024 EPS indicates a year-over-year increase of 8.5%.
Price Performance
In the past three months, shares of AGR have risen 2.7% compared with the industry’s 4.8% growth.
Image Source: Zacks Investment Research
Zacks Rank
AGR currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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https://www.zacks.com/stock/news/2218550/avangrid-agr-initiates-first-onshore-wind-project-in-oklahoma
| 2024-01-31T16:44:16Z
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Chevron Corporation (CVX - Free Report) shifted its approach to transporting Kazakhstan's CPC Blend oil to Asia, avoiding the Red Sea due to heightened security concerns from attacks by Yemen's Houthi rebels. This change in transportation routes carries implications not just for Chevron but also for other companies such as Shell plc and BP plc. Let's delve into the details of this significant development.
Chevron's Strategic Shift
Chevron, a major player in the energy sector, opted for a new route for its CPC Blend oil shipments. Instead of the traditional route through the Red Sea and Suez Canal, it is now sending cargoes around Africa's Cape of Good Hope. This decision stemmed from the escalating attacks by Houthi rebels in the Red Sea, prompting concerns about the safety of the conventional shipping route.
Impact on Shipping Dynamics
The Iranian-aligned Houthi rebels have intensified their attacks on shipping, prompting vessels to seek alternative routes. The Red Sea, the shortest sea route between Europe and Asia, is now perceived as a high-risk area. As a result, Chevron's decision to redirect shipments through the longer route around Africa is a strategic move to mitigate potential risks and ensure the safety of its valuable cargoes. Historically, cargoes of CPC Blend oil destined for Asia followed the route from the Black Sea, through the Mediterranean and then south through the Suez Canal.
The Logistics of CPC Blend Oil
Origin and Loading Points: CPC Blend crude, a significant portion of which originates from Kazakhstan, is loaded at the Russian Black Sea terminal of Yuzhnaya Ozereevka, near Novorossisk. This Black Sea terminal helps as a key point for the transportation of CPC Blend to various destinations, including Asia.
Red Sea Attacks and Shipping Costs: The attacks in the Red Sea have not only raised security concerns but also led to soaring freight costs. Vessels opting for the longer route around Africa experience an extended voyage, resulting in increased operational expenses. This shift has financial implications for the entire supply chain and is reflected in the changing dynamics of CPC Blend oil flow to Asia.
Impact on CPC Blend Supplies to Asia
Quantitative Analysis: The consequences of Chevron's strategic shift are evident in the data. Total CPC Blend supplies to Asia have seen a significant decline from 1.2 million metric tons in December 2023 to 550,000 metric tons in January 2024.This sharp reduction is attributed to the challenges posed by the Red Sea attacks and the subsequent shift in shipping routes.
Chevron's Response: Chevron has chosen not to disclose specific details about vessels or elaborate on its operational decisions.However, CVX emphasizes its commitment to actively assessing the safety of routes in the Red Sea and the broader Middle East, making decisions based on the latest developments to ensure the safety of its shipments.
Conclusion
Chevron's decision to alter the transportation route for CPC Blend oil highlights the dynamic challenges faced by the energy industry. The shift from the Red Sea to the longer route around Africa reflects the company's commitment to ensuring the safety and security of its shipments in the face of evolving geopolitical risks. As the industry adapts to these changes, the implications for global oil dynamics are likely to unfold, reshaping the strategies and priorities of major players in the energy sector.
Zacks Rank and Key Picks
Currently, CVX carries a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some better-ranked stocks like Subsea 7 S.A. (SUBCY - Free Report) and Oceaneering International, Inc. (OII - Free Report) , both sporting a Zacks Rank #1 (Strong Buy), and Enbridge Inc. (ENB - Free Report) , carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Subsea 7 is valued at $4.32 billion. The company currently pays a dividend of 38 cents per share, or 2.69%, on an annual basis.
SUBCY offers offshore project services for the energy industry, specializing in subsea field development, covering project management, design, engineering, procurement, fabrication, survey, installation and commissioning of seabed production facilities.
Oceaneering International is worth $2.17 billion. In the past year, its shares have risen 2.9%.
The company provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing and entertainment industries worldwide.
Enbridge is valued at $76.41 billion. The company currently pays a dividend of $2.6 per share, or 7.23%, on an annual basis.
Enbridge and its subsidiaries are an energy infrastructure company with five segments — Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation and Energy Services.
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https://www.zacks.com/stock/news/2218551/chevron-cvx-opts-for-longer-route-to-ship-kazakh-oil-to-asia
| 2024-01-31T16:44:22Z
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For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Another factor that can influence investors is FOMO, or the fear of missing out, especially with tech giants and popular consumer-facing stocks.
What if you'd invested in Novo Nordisk (NVO - Free Report) ten years ago? It may not have been easy to hold on to NVO for all that time, but if you did, how much would your investment be worth today?
Novo Nordisk's Business In-Depth
With that in mind, let's take a look at Novo Nordisk's main business drivers.
Bagsværd, Denmark-based Novo Nordisk is a global healthcare company and a leader in the worldwide diabetes market with a full portfolio of GLP-1 receptor agonists, modern insulins and human insulins. The company is also a key player in hemophilia care, growth hormone therapy, hormone replacement therapy and obesity.
Novo Nordisk operates through two segments: Diabetes and obesity care and Rare diseases. While the Diabetes and obesity care segment covers insulins, glucagon-like peptide 1 (GLP-1), other protein-related products, obesity and oral anti-diabetic drugs, the Rare diseases segment includes hemophilia, growth hormone therapy and hormone replacement therapy.
Novo Nordisk’s most well-known drugs include Levemir, NovoRapid, Victoza, Ozempic, NovoMix, NovoSeven, NovoThirteen, Ryzodeg, Xultophy, Saxenda, Rybelsus, Esperoct, Sogroya and Norditropin, among several others. The company launched its first product for weight management, Saxenda, in the United States in 2015.
Wegovy, Novo Nordisk’s other obesity care product, was approved by the FDA in June 2021, following which it faced supply issues in the United States, which led to a decline in sales upon launch. However, the issue was resolved by Novo Nordisk, making all dose strengths of Wegovy available in the United States in December 2022. The company is also looking to expand the drug’s indication as an adjunctive treatment for the prevention of major adverse cardiovascular events (MACEs) in adults over a period of up to five years, as well as in the treatment of heart failure and obesity.
In October 2022, Novo Nordisk acquired Forma Therapeutics for $1.1 billion. Forma Therapeutics is a company focused on providing innovative treatment to transform the lives of patients suffering from sickle cell disease (SCD) and rare blood disorders. The acquisition of the company along with Forma’s lead development candidate, etavopivat, complements Novo Nordisk’s vision to accelerate its scientific presence and pipeline in hemoglobinopathies.
Novo Nordisk generated revenues of DKK 177 billion in 2022 compared with DKK 141 billion in 2021. Revenues increased by 26% in Danish kroner and 16% at the currency exchange rate.
Bottom Line
Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Novo Nordisk a decade ago, you're probably feeling pretty good about your investment today.
A $1000 investment made in January 2014 would be worth $5,673.69, or a gain of 467.37%, as of January 31, 2024, according to our calculations. This return excludes dividends but includes price appreciation.
In comparison, the S&P 500 gained 174.50% and the price of gold went up 57.04% over the same time frame.
Going forward, analysts are expecting more upside for NVO.
Novo Nordisk has one of the broadest diabetes portfolios in the industry. Ozempic and Rybelsus have been performing well in the diabetes market. Obesity drug Wegovy has been enjoying increasing demand. Label expansions of these drugs in cardiovascular and other indications will likely boost sales. To tackle the supply constraints of Wegovy in international markets, Novo announced initiating a €2.1 billion project to expand its current manufacturing facility in Chartres, France. Its diversifying efforts to develop new treatments are encouraging. The company recently announced positive results from its late-stage diabetes study of IcoSema, witnessing superiority over insulins glargine U100 and aspart. Despite intense rivalry in the obesity care market, Novo Nordisk has been maintaining its market share. Its shares have outperformed the industry in the past year.
The stock is up 6.77% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 4 higher, for fiscal 2023. The consensus estimate has moved up as well.
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https://www.zacks.com/stock/news/2218555/heres-how-much-a-1000-investment-in-novo-nordisk-made-10-years-ago-would-be-worth-today
| 2024-01-31T16:44:28Z
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For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.
Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.
What if you'd invested in Martin Marietta (MLM - Free Report) ten years ago? It may not have been easy to hold on to MLM for all that time, but if you did, how much would your investment be worth today?
Martin Marietta's Business In-Depth
With that in mind, let's take a look at Martin Marietta's main business drivers.
Based in Raleigh, NC, Martin Marietta Materials, Inc. produces and supplies construction aggregates and other heavy building materials, mainly cement, in the United States. The end uses of the company’s aggregates and cement are infrastructure, private residential and private non-residential construction. Railroad, agricultural, utility and environmental industries also use these products. The company supplies aggregates (crushed stone, sand and gravel) through its network of approximately 350 quarries, mines and distribution yards in 28 states, Canada and the Bahamas.
The company’s total revenues include sales of products and services to customers (net of any discounts or allowances) and freight revenues.
Building Materials (accounting for 95.1% of 2022 total revenues): The Building Materials business includes aggregates, cement, ready mixed concrete, asphalt and paving product lines. Within the Building Materials business segment, the company modified the reportable segments to the East Group — previously reported in the Mid-America and Southeast — and West Group, effective Jul 1, 2020.
Magnesia Specialties (4.9%): The segment produces magnesia-based chemicals products used in industrial, agricultural and environmental applications and dolomitic lime sold primarily to customers in the steel industry.
Consistent with its SOAR (Strategic Operating Analysis and Review) 2025 plan, Martin Marietta divested its Colorado and Central Texas ready-mixed concrete businesses and certain West Coast cement and ready-mixed concrete operations in 2022. The move helps MLM in refining its product mix and improving margin profiles, while providing balance sheet flexibility.
Bottom Line
Putting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Martin Marietta, if you bought shares a decade ago, you're likely feeling really good about your investment today.
A $1000 investment made in January 2014 would be worth $4,801.89, or a gain of 380.19%, as of January 31, 2024, according to our calculations. This return excludes dividends but includes price appreciation.
In comparison, the S&P 500 gained 174.50% and the price of gold went up 57.04% over the same time frame.
Going forward, analysts are expecting more upside for MLM.
Martin Marietta has outperformed the industry in the past three months. The company is gaining strength from long-term strategic plans — markedly SOAR (Strategic Operating Analysis and Review) 2025 initiatives. It is also benefiting from strong demand trends across a coast-to-coast geographic footprint, given its increased infrastructure investment coupled with strength in heavy non-residential construction, large-scale energy projects and domestic manufacturing. A solid inflow of public funds for infrastructure and manufacturing activities is aiding to the bliss. Although softness in private nonresidential and residential construction activities, ongoing economic uncertainties and pricing fluctuations are a concern, earnings estimates for 2024 have increased in the past 30 days.
The stock has jumped 5.39% over the past four weeks. Additionally, no earnings estimate has gone lower in the past two months, compared to 3 higher, for fiscal 2023; the consensus estimate has moved up as well.
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https://www.zacks.com/stock/news/2218556/heres-how-much-youd-have-if-you-invested-1000-in-martin-marietta-a-decade-ago
| 2024-01-31T16:44:35Z
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How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.
Another thing that can drive investing is the fear of missing out, or FOMO. This particularly applies to tech giants and popular consumer-facing stocks.
What if you'd invested in Nvidia (NVDA - Free Report) ten years ago? It may not have been easy to hold on to NVDA for all that time, but if you did, how much would your investment be worth today?
Nvidia's Business In-Depth
With that in mind, let's take a look at Nvidia's main business drivers.
NVIDIA Corporation is the worldwide leader in visual computing technologies and the inventor of the graphic processing unit, or GPU. Over the years, the company’s focus has evolved from PC graphics to artificial intelligence (AI) based solutions that now support high performance computing (HPC), gaming and virtual reality (VR) platforms.
NVIDIA’s GPU success can be attributed to its parallel processing capabilities supported by thousands of computing cores, which are necessary to run deep learning algorithms. The company’s GPU platforms are playing a major role in developing multi-billion-dollar end-markets like robotics and self-driving vehicles.
NVIDIA is a dominant name in the Data Center, professional visualization and gaming markets where Intel and Advanced Micro Devices are playing a catch-up role. The company’s partnership with almost all major cloud service providers (CSPs) and server vendors is a key catalyst.
NVIDIA’s GPUs are also getting rapid adoption in diverse fields ranging from radiology to precision agriculture. The company’s GPUs power the top supercomputer in the world, located at Oak Ridge National Laboratories in the United States, as well as the top supercomputers in Europe and Japan.
Santa Clara, CA-based, NVIDIA reported revenues of $26.97 billion in fiscal 2023, slightly up from $26.91 billion in fiscal 2022.
Beginning first-quarter fiscal 2021, NVIDIA started reporting revenues under two segments – Graphics and Compute & Networking.
Graphics includes GeForce GPUs for gaming and PCs, the GeForce NOW game streaming service and related infrastructure, and solutions for gaming platforms; Quadro GPUs for enterprise design; GRID software for cloud-based visual and virtual computing; and automotive platforms for infotainment systems.
Compute & Networking comprises Data Center platforms and systems for AI, HPC, and accelerated computing; DRIVE for autonomous vehicles; and Jetson for robotics and other embedded platforms. Mellanox revenues included in this segment beginning second-quarter fiscal 2021.
Graphics and Compute & Networking accounted for 44% and 56% of fiscal 2023 revenues, respectively.
Bottom Line
Anyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Nvidia a decade ago, you're probably feeling pretty good about your investment today.
A $1000 investment made in January 2014 would be worth $159,730.28, or a gain of 15,873.03%, as of January 31, 2024, according to our calculations. This return excludes dividends but includes price appreciation.
Compare this to the S&P 500's rally of 174.50% and gold's return of 57.04% over the same time frame.
Analysts are forecasting more upside for NVDA too.
NVIDIA's Compute & Networking revenues are gaining from the strong growth of artificial intelligence (AI), high-performance computing and accelerated computing. The data center end-market business is likely to benefit from the growing demand for generative AI and large language models using graphic processing units (GPUs) based on NVIDIA Hopper and Ampere architectures. A surge in hyperscale demand and a solid uptake of AI-based smart cockpit infotainment solutions are acting as tailwinds. Collaborations with Mercedes-Benz and Audi are likely to advance its presence in autonomous vehicles and other automotive electronics space. We expect NVIDIA’s revenues to witness a CAGR of 53.7% through fiscal 2024-2026. However, its near-term prospects are likely to be hurt by softening IT spending amid macroeconomic headwinds.
Over the past four weeks, shares have rallied 30.32%, and there have been 1 higher earnings estimate revisions in the past two months for fiscal 2024 compared to none lower. The consensus estimate has moved up as well.
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https://www.zacks.com/stock/news/2218557/if-you-invested-1000-in-nvidia-a-decade-ago-this-is-how-much-itd-be-worth-now
| 2024-01-31T16:44:41Z
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Petrobras (PBR - Free Report) , Brazil's state-owned oil and gas company, has recently awarded Norway’s Electromagnetic Geoservices ASA a significant contract valued at approximately $11.7 million. This contract is aimed at acquiring a multiclient electromagnetic (EM) survey in the offshore regions of Brazil. The contract is set to begin late March or early April of this year.It marks a key step in revitalizing exploration efforts and highlights Petrobras' dedication to securing a sustainable energy future.
The multiclient survey represents a significant investment in cutting-edge exploration technology. It marks the first EMGS acquisition project in Brazilian waters in nearly a decade, signaling a renewed focus on exploration and a shared vision for the future of energy.
This contract signifies a strategic step toward unlocking the full potential of Brazil's offshore resources. The advanced EM technology employed in this survey will provide valuable insights into subsurface geology, aiding effective identification and development of potential hydrocarbon reserves.
This multi-client approach extends the project's reach beyond Petrobras, inviting other companies to participate in the exploration phase and reap the potential benefits. This collaborative model fosters knowledge sharing, optimizes resource allocation, and contributes to a more streamlined and cost-effective exploration landscape.
Petrobras' recent revelation of its strategic plan for the period 2024-2028 emphasizes a significant allocation of the $102 billion investment toward oil and natural gas. In this blueprint, oil and gas are identified as primary drivers of growth, playing a key role in advancing and financing the transition to greener sources of energy supply.
In conclusion, Petrobras' partnership with Electromagnetic Geoservices for the multiclient EM survey represents a strategic move that holds immense potential for the future of energy in Brazil and beyond. It signifies a renewed commitment to exploration, promotes collaboration within the industry and paves the way for responsible resource development in line with global sustainability goals.
Zacks Rank and Key Picks
Currently, PBR carries a Zacks Rank #3 (Hold).
Investors interested in the energy sector might look at some better-ranked stocks like Subsea 7 S.A. (SUBCY - Free Report) and Oceaneering International, Inc. (OII - Free Report) , both sporting a Zacks Rank #1 (Strong Buy), and Enbridge Inc. (ENB - Free Report) , carrying a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
Subsea 7 is valued at $4.32 billion. The company currently pays a dividend of 38 cents per share, or 2.69%, on an annual basis.
SUBCY offers offshore project services for the energy industry, specializing in subsea field development, covering project management, design, engineering, procurement, fabrication, survey, installation and commissioning of seabed production facilities.
Oceaneering International is worth $2.17 billion. In the past year, its shares have risen 2.9%.
The company provides engineered services and products, and robotic solutions to the offshore energy, defense, aerospace, manufacturing and entertainment industries worldwide.
Enbridge is valued at $76.41 billion. The company currently pays a dividend of $2.6 per share, or 7.23%, on an annual basis.
Enbridge and its subsidiaries are an energy infrastructure company with five segments — Liquids Pipelines, Gas Transmission and Midstream, Gas Distribution and Storage, Renewable Power Generation and Energy Services.
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https://www.zacks.com/stock/news/2218559/petrobras-pbr-inks-117m-contract-for-em-survey-in-brazil
| 2024-01-31T16:44:47Z
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Keysight Technologies, Inc. (KEYS - Free Report) has unveiled three new models — 26.5 GHz, 44 GHz and 54 GHz — expanding its SSA-X Signal Source Analyzer portfolio. These additions empower radio frequency (RF) engineers with integrated, one-box solutions for precise phase noise and signal source analysis in advanced wireless communications, radar and high-speed digital applications.
In response to evolving technologies and demanding standards, the new Keysight SSA-X series addresses the need for cleaner signal sources with minimal phase noise and jitter. Traditional setups for testing these applications are complex and time-consuming, requiring multiple instruments. Engineers must conduct various measurements, including frequency and power transient measurements and spectrum analysis, to fully characterize synthesizers, clocks and oscillators.
The SSA-X series streamlines this process with an integrated, all-in-one platform, offering benefits such as:
1. Comprehensive Analysis: The SSA-X provides a single-box solution for phase noise measurement, residual noise measurement, transient measurement, spectrum analysis, network analysis and voltage-controlled oscillator characterization.
2. Clean Signal Source: With a clean signal operating at up to 54 GHz and two RF inputs, the SSA-X enables residual noise measurements without additional equipment and re-configuration.
3. Expanded Measurement Capability: Two pairs of local oscillator output and intermediate frequency input ports, along with the E5051AW phase noise measurement downconverter/phase detector, enable millimeter-wave phase noise measurements beyond 54 GHz.
4. Enhanced Software: The SSA-X is easy to use with flexible software, facilitating quick, multiple measurements with a single connection. Additional software enhancements cover spectrum analysis and precision clock jitter analysis.
The SSA-X series offers RF engineers an integrated solution for phase noise and jitter measurements. With three new models expanding the frequency range to 54 GHz, the SSA-X series ensures more accurate evaluations, accelerating the time-to-market for cutting-edge technologies.
The new solution presents a breakthrough in signal source analysis, simplifying complex measurements and providing a competitive edge in the rapidly advancing field of RF engineering. As demand for precision in advanced applications grows, Keysight stands to gain significantly by offering an integrated solution that enhances efficiency and accelerates technology development.
Electronic devices form the fulcrum of Internet of Things (IoT) services, wireless devices, data centers and 5G technologies. The rapid adoption of these devices is increasing the demand for electronic testing equipment. Further, technological advancements in mobile communications, semiconductors and automotive markets are likely to drive growth. Moreover, the rising demand for power management applications is a key catalyst for Keysight. Sturdy efforts toward modifying the Internet infrastructure and the evolution of smart cars & autonomous-driving vehicles bode well for its growth.
Keysight’s efforts in emerging growth markets like IoT and high-speed data centers should aid its top line. Management’s focus on Automotive and Energy, and Aerospace and Defense domains augurs well for the long haul. The company is expected to benefit from the growing proliferation of electronic content in vehicles, momentum in space and satellite applications and rising adoption of driver-assistance systems globally.
It has lost 12.1% over the past year compared with the industry’s decline of 5.2%.
Image Source: Zacks Investment Research
Keysight currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Key Picks
Arista Networks, Inc. (ANET - Free Report) , sporting a Zacks Rank #1, is likely to benefit from strong momentum and diversification across its top verticals and product lines. The company has a software-driven, data-centric approach to help customers build their cloud architecture and enhance their cloud experience. Arista has a long-term earnings growth expectation of 19.8% and delivered an earnings surprise of 12%, on average, in the trailing four quarters.
It holds a leadership position in 100-gigabit Ethernet switching share in port for the high-speed datacenter segment. Arista is increasingly gaining market traction in 200- and 400-gig high-performance switching products and remains well-positioned for healthy growth in data-driven cloud networking business with proactive platforms and predictive operations.
Headquartered in Wilmington, DE, InterDigital, Inc. (IDCC - Free Report) is a pioneer in advanced mobile technologies that enable wireless communications and capabilities. The company engages in designing and developing a wide range of advanced technology solutions, which are used in digital cellular as well as wireless 3G, 4G and IEEE 802-related products and networks.
This Zacks Rank #1 stock has a long-term earnings growth expectation of 17.4% and has surged 75.3% in the past year. A well-established global footprint, diversified product portfolio and ability to penetrate different markets are key growth drivers for InterDigital. The addition of technologies related to sensors, user interface and video to its already strong portfolio of wireless technology solutions is likely to drive considerable value, given the massive size of the market it offers licensing technologies to.
Juniper Networks Inc. (JNPR - Free Report) , sporting a Zacks Rank #1, is a leading provider of networking solutions and communication devices. The company develops, designs and sells products that help build network infrastructure used for services and applications based on a single Internet protocol network worldwide. Juniper offers a broad range of routing, switching and security products.
It delivered an earnings surprise of 6.5%, on average, in the trailing four quarters. Juniper has a long-term earnings growth expectation of 9.9%. It has a VGM Score of B.
Disclaimer: This article has been written with the assistance of Generative AI. However, the author has reviewed, revised, supplemented, and rewritten parts of this content to ensure its originality and the precision of the incorporated information.
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https://www.zacks.com/stock/news/2218562/keysight-keys-solution-augments-signal-analysis-portfolio
| 2024-01-31T16:44:53Z
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Boeing (BA - Free Report) came out with a quarterly loss of $0.47 per share versus the Zacks Consensus Estimate of a loss of $0.72. This compares to loss of $1.75 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 34.72%. A quarter ago, it was expected that this airplane builder would post a loss of $3.21 per share when it actually produced a loss of $3.26, delivering a surprise of -1.56%.
Over the last four quarters, the company has surpassed consensus EPS estimates two times.
Boeing
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.
Boeing shares have lost about 23.1% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Boeing?
While Boeing 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 Boeing: 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 $0.16 on $20.55 billion in revenues for the coming quarter and $3.58 on $90.08 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Aerospace - Defense is currently in the bottom 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Huntington Ingalls (HII - Free Report) , has yet to report results for the quarter ended December 2023. The results are expected to be released on February 1.
This shipbuilder is expected to post quarterly earnings of $4.27 per share in its upcoming report, which represents a year-over-year change of +39.1%. The consensus EPS estimate for the quarter has been revised 6.4% higher over the last 30 days to the current level.
Huntington Ingalls' revenues are expected to be $2.76 billion, down 1.9% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218565/boeing-ba-reports-q4-loss-tops-revenue-estimates
| 2024-01-31T16:45:07Z
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Hess (HES - Free Report) came out with quarterly earnings of $1.63 per share, beating the Zacks Consensus Estimate of $1.43 per share. This compares to earnings of $1.78 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 13.99%. A quarter ago, it was expected that this oil and gas producer would post earnings of $1.24 per share when it actually produced earnings of $1.64, delivering a surprise of 32.26%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Hess
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.
Hess shares have lost about 0.4% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Hess?
While Hess 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 Hess: 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 #5 (Strong 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 $1.75 on $2.87 billion in revenues for the coming quarter and $8.65 on $11.68 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, Oil and Gas - Integrated - United States is currently in the bottom 7% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Occidental Petroleum (OXY - 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 14.
This oil and gas exploration and production company is expected to post quarterly earnings of $0.82 per share in its upcoming report, which represents a year-over-year change of -49.1%. The consensus EPS estimate for the quarter has been revised 24.3% lower over the last 30 days to the current level.
Occidental Petroleum's revenues are expected to be $7.21 billion, down 13.4% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218566/hess-hes-tops-q4-earnings-and-revenue-estimates
| 2024-01-31T16:45:16Z
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M/I Homes (MHO - Free Report) came out with quarterly earnings of $3.66 per share, missing the Zacks Consensus Estimate of $4.94 per share. This compares to earnings of $5.15 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of -25.91%. A quarter ago, it was expected that this homebuilder would post earnings of $4.27 per share when it actually produced earnings of $4.82, delivering a surprise of 12.88%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
M/I Homes
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.
M/I Homes shares have lost about 1.9% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for M/I Homes?
While M/I Homes 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 M/I Homes: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $3.36 on $1.02 billion in revenues for the coming quarter and $16.20 on $4.36 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Home Builders 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.
Another stock from the same industry, Toll Brothers (TOL - Free Report) , has yet to report results for the quarter ended January 2024.
This home builder is expected to post quarterly earnings of $1.77 per share in its upcoming report, which represents a year-over-year change of +4.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Toll Brothers' revenues are expected to be $1.87 billion, up 5.1% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218567/mi-homes-mho-misses-q4-earnings-and-revenue-estimates
| 2024-01-31T16:45:23Z
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Fortive (FTV - Free Report) came out with quarterly earnings of $0.98 per share, beating the Zacks Consensus Estimate of $0.93 per share. This compares to earnings of $0.88 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 5.38%. A quarter ago, it was expected that this industrial conglomerate would post earnings of $0.86 per share when it actually produced earnings of $0.85, delivering a surprise of -1.16%.
Over the last four quarters, the company has surpassed consensus EPS estimates three times.
Fortive
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.
Fortive shares have added about 1.5% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for Fortive?
While Fortive 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 Fortive: 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 $0.82 on $1.52 billion in revenues for the coming quarter and $3.65 on $6.37 billion in revenues for the current fiscal year.
Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Testing Equipment is currently in the top 7% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, Agilent Technologies (A - Free Report) , has yet to report results for the quarter ended January 2024. The results are expected to be released on February 27.
This scientific instrument maker is expected to post quarterly earnings of $1.21 per share in its upcoming report, which represents a year-over-year change of -11.7%. The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level.
Agilent Technologies' revenues are expected to be $1.57 billion, down 10.5% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218568/fortive-ftv-q4-earnings-and-revenues-beat-estimates
| 2024-01-31T16:45:29Z
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Investors are always looking for stocks that are poised to beat at earnings season and The Hartford Financial Services Group, Inc. (HIG - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Hartford Financial is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for HIG in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $2.41 per share for HIG, compared to a broader Zacks Consensus Estimate of $2.39 per share. This suggests that analysts have very recently bumped up their estimates for HIG, giving the stock a Zacks Earnings ESP of +0.54% heading into earnings season.
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that HIG has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Hartford Financial, and that a beat might be in the cards for the upcoming report.
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https://www.zacks.com/stock/news/2218572/should-you-buy-hartford-financial-hig-ahead-of-earnings?
| 2024-01-31T16:45:35Z
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Investors are always looking for stocks that are poised to beat at earnings season and Trane Technologies plc (TT - Free Report) , may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Trane Technologies is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for TT in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $2.15 per share for TT, compared to a broader Zacks Consensus Estimate of $2.13 per share. This suggests that analysts have very recently bumped up their estimates for TT, giving the stock a Zacks Earnings ESP of +0.77% heading into earnings season.
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that TT has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Trane Technologies, and that a beat might be in the cards for the upcoming report.
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https://www.zacks.com/stock/news/2218573/is-a-surprise-coming-for-trane-technologies-tt-this-earnings-season?
| 2024-01-31T16:45:42Z
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Investors are always looking for stocks that are poised to beat at earnings season and Trane Technologies plc (TT - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Trane Technologies is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for TT in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $2.15 per share for TT, compared to a broader Zacks Consensus Estimate of $2.13 per share. This suggests that analysts have very recently bumped up their estimates for TT, giving the stock a Zacks Earnings ESP of +0.77% heading into earnings season.
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that TT has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Trane Technologies, and that a beat might be in the cards for the upcoming report.
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https://www.zacks.com/stock/news/2218574/why-earnings-season-could-be-great-for-trane-technologies-tt
| 2024-01-31T16:45:48Z
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Investors are always looking for stocks that are poised to beat at earnings season and Apple Inc. (AAPL - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Apple is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for AAPL in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $2.13 per share for AAPL, compared to a broader Zacks Consensus Estimate of $2.09 per share. This suggests that analysts have very recently bumped up their estimates for AAPL, giving the stock a Zacks Earnings ESP of +1.96% heading into earnings season.
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that AAPL has a Zacks Rank #3 and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Apple, and that a beat might be in the cards for the upcoming report.
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https://www.zacks.com/stock/news/2218575/should-you-buy-apple-aapl-ahead-of-earnings?
| 2024-01-31T16:45:54Z
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Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
There are several stocks that currently pass through the screen and SMART Global Holdings, Inc. (SGH - Free Report) is one of them. Here are the key reasons why this stock is a great candidate.
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 13.9%, the stock of this company is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. SGH meets this criterion too, as the stock gained 34.1% over the past 12 weeks.
Moreover, the momentum for SGH is fast paced, as the stock currently has a beta of 1.6. This indicates that the stock moves 60% higher than the market in either direction.
Given this price performance, it is no surprise that SGH has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped SGH earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, SGH is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. SGH is currently trading at 0.77 times its sales. In other words, investors need to pay only 77 cents for each dollar of sales.
So, SGH appears to have plenty of room to run, and that too at a fast pace.
In addition to SGH, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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https://www.zacks.com/stock/news/2218577/why-fast-paced-mover-smart-global-holdings-inc-sgh-is-a-great-choice-for-value-investors
| 2024-01-31T16:46:00Z
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Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.
The earnings figure itself is key, of course, but a beat or miss on the bottom line can sometimes be just as, if not more, important. Therefore, investors should consider paying close attention to these earnings surprises, as a big beat can help a stock climb and vice versa.
Hunting for 'earnings whispers' or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn't make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool.
The Zacks Earnings ESP, Explained
The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
With this in mind, the Expected Surprise Prediction compares the Most Accurate Estimate (being the most recent) against the overall Zacks Consensus Estimate. The percentage difference provides the ESP figure. The system also utilizes our core Zacks Rank to provide a stronger system for identifying stocks that might beat their next quarterly earnings estimate and possibly see the stock price climb.
Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest.
Stocks with a #3 (Hold) ranking, which is most stocks covered at 60%, are expected to perform in-line with the broader market. But stocks that fall into the #2 (Buy) and #1 (Strong Buy) ranking, or the top 15% and top 5% of stocks, respectively, should outperform the market. Strong Buy stocks should outperform more than any other rank.
Should You Consider Cadence Design Systems?
Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Cadence Design Systems (CDNS - Free Report) earns a #3 (Hold) right now and its Most Accurate Estimate sits at $1.38 a share, just 12 days from its upcoming earnings release on February 12, 2024.
By taking the percentage difference between the $1.38 Most Accurate Estimate and the $1.34 Zacks Consensus Estimate, Cadence Design Systems has an Earnings ESP of +2.88%. Investors should also know that CDNS is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
CDNS is one of just a large database of Computer and Technology stocks with positive ESPs. Another solid-looking stock is Lam Research (LRCX - Free Report) .
Lam Research, which is readying to report earnings on April 17, 2024, sits at a Zacks Rank #2 (Buy) right now. It's Most Accurate Estimate is currently $7.26 a share, and LRCX is 77 days out from its next earnings report.
For Lam Research, the percentage difference between its Most Accurate Estimate and its Zacks Consensus Estimate of $7.13 is +1.8%.
CDNS and LRCX's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
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https://www.zacks.com/stock/news/2218578/these-2-computer-and-technology-stocks-could-beat-earnings-why-they-should-be-on-your-radar
| 2024-01-31T16:46:07Z
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Quarterly financial reports play a vital role on Wall Street, as they help investors see how a company has performed and what might be coming down the road in the near-term. And out of all of the metrics and results to consider, earnings is one of the most important.
We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.
The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.
The Zacks Earnings ESP, Explained
The Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.
Now that we understand the basic idea, let's look at how the Expected Surprise Prediction works. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure.
In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.
Most stocks, about 60%, fall into the #3 (Hold) category, and they are expected to perform in-line with the broader market. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank.
Should You Consider Si-Bone?
The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Si-Bone (SIBN - Free Report) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at -$0.28 a share 26 days away from its upcoming earnings release on February 26, 2024.
By taking the percentage difference between the -$0.28 Most Accurate Estimate and the -$0.29 Zacks Consensus Estimate, Si-Bone has an Earnings ESP of +1.75%. Investors should also know that SIBN is one of a large group of stocks with positive ESPs. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.
SIBN is just one of a large group of Medical stocks with a positive ESP figure. Idexx Laboratories (IDXX - Free Report) is another qualifying stock you may want to consider.
Idexx Laboratories is a Zacks Rank #3 (Hold) stock, and is getting ready to report earnings on February 5, 2024. IDXX's Most Accurate Estimate sits at $2.15 a share five days from its next earnings release.
The Zacks Consensus Estimate for Idexx Laboratories is $2.12, and when you take the percentage difference between that number and its Most Accurate Estimate, you get the Earnings ESP figure of +1.1%.
SIBN and IDXX's positive ESP figures tell us that both stocks have a good chance at beating analyst expectations in their next earnings report.
Find Stocks to Buy or Sell Before They're Reported
Use the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >>
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https://www.zacks.com/stock/news/2218579/these-2-medical-stocks-could-beat-earnings-why-they-should-be-on-your-radar
| 2024-01-31T16:46:13Z
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When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.
Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, etc. -- that could keep the momentum in the stock going.
Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
Merchants Bancorp (MBIN - Free Report) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. MBIN is quite a good fit in this regard, gaining 45% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 10.1% over the past four weeks ensures that the trend is still in place for the stock of this bank holding company.
Moreover, MBIN is currently trading at 89.6% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in MBIN may not reverse anytime soon.
In addition to MBIN, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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https://www.zacks.com/stock/news/2218580/merchants-bancorp-mbin-is-on-the-move-heres-why-the-trend-could-be-sustainable
| 2024-01-31T16:46:19Z
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When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
HNI (HNI - Free Report) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. HNI is quite a good fit in this regard, gaining 10.6% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 1.6% over the past four weeks ensures that the trend is still in place for the stock of this maker of office furniture and fireplaces.
Moreover, HNI is currently trading at 94.5% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in HNI may not reverse anytime soon.
In addition to HNI, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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https://www.zacks.com/stock/news/2218581/hni-hni-is-a-great-choice-for-trend-investors-heres-why
| 2024-01-31T16:46:25Z
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When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Our "Recent Price Strength" screen, which is created on a unique short-term trading strategy, could be pretty useful in this regard. This predefined screen makes it really easy to shortlist the stocks that have enough fundamental strength to maintain their recent uptrend. Also, the screen passes only the stocks that are trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
AZZ (AZZ - Free Report) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. AZZ is quite a good fit in this regard, gaining 34.7% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 10.6% over the past four weeks ensures that the trend is still in place for the stock of this electrical equipment maker.
Moreover, AZZ is currently trading at 99.9% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in AZZ may not reverse anytime soon.
In addition to AZZ, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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https://www.zacks.com/stock/news/2218582/heres-what-could-help-azz-azz-maintain-its-recent-price-strength
| 2024-01-31T16:46:32Z
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While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
Cimpress (CMPR - Free Report) is one of the several suitable candidates that passed through the screen. Here are the key reasons why it could be a profitable bet for "trend" investors.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. CMPR is quite a good fit in this regard, gaining 25.2% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 0% over the past four weeks ensures that the trend is still in place for the stock of this marketing materials maker.
Moreover, CMPR is currently trading at 90.1% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in CMPR may not reverse anytime soon.
In addition to CMPR, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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https://www.zacks.com/stock/news/2218583/cimpress-cmpr-is-a-great-choice-for-trend-investors-heres-why
| 2024-01-31T16:46:38Z
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Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
It could be safer to invest in bargain stocks that have been witnessing price momentum recently. While the Zacks Momentum Style Score (part of the Zacks Style Scores system), which pays close attention to trends in a stock's price or earnings, is pretty useful in identifying great momentum stocks, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
United States Steel (X - Free Report) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 0.4%, the stock of this steel maker is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. X meets this criterion too, as the stock gained 40.9% over the past 12 weeks.
Moreover, the momentum for X is fast paced, as the stock currently has a beta of 2.07. This indicates that the stock moves 107% higher than the market in either direction.
Given this price performance, it is no surprise that X has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped X earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, X is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. X is currently trading at 0.59 times its sales. In other words, investors need to pay only 59 cents for each dollar of sales.
So, X appears to have plenty of room to run, and that too at a fast pace.
In addition to X, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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https://www.zacks.com/stock/news/2218584/fast-paced-momentum-stock-us-steel-x-is-still-trading-at-a-bargain
| 2024-01-31T16:46:49Z
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Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.
A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
HomeStreet (HMST - Free Report) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 43%, the stock of this real estate lender is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. HMST meets this criterion too, as the stock gained 154.4% over the past 12 weeks.
Moreover, the momentum for HMST is fast paced, as the stock currently has a beta of 1.35. This indicates that the stock moves 35% higher than the market in either direction.
Given this price performance, it is no surprise that HMST has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped HMST earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, HMST is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. HMST is currently trading at 0.62 times its sales. In other words, investors need to pay only 62 cents for each dollar of sales.
So, HMST appears to have plenty of room to run, and that too at a fast pace.
In addition to HMST, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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https://www.zacks.com/stock/news/2218585/fast-paced-momentum-stock-homestreet-hmst-is-still-trading-at-a-bargain
| 2024-01-31T16:46:55Z
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Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase, investors find themselves invested in shares that have limited to no upside or even a downside. So, betting on a stock just by looking at the traditional momentum parameters could be risky at times.
A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
The Manitowoc Company, Inc. (MTW - Free Report) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 3.6%, the stock of this company is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. MTW meets this criterion too, as the stock gained 20.5% over the past 12 weeks.
Moreover, the momentum for MTW is fast paced, as the stock currently has a beta of 2.06. This indicates that the stock moves 106% higher than the market in either direction.
Given this price performance, it is no surprise that MTW has a Momentum Score of B, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped MTW earn a Zacks Rank #1 (Strong Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, MTW is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. MTW is currently trading at 0.26 times its sales. In other words, investors need to pay only 26 cents for each dollar of sales.
So, MTW appears to have plenty of room to run, and that too at a fast pace.
In addition to MTW, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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https://www.zacks.com/stock/news/2218586/the-manitowoc-company-inc-mtw-is-attractively-priced-despite-fast-paced-momentum
| 2024-01-31T16:47:02Z
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Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.
Who doesn't like betting on fast-moving trending stocks? But determining the right entry point isn't easy. Often, these stocks lose momentum once their valuation moves ahead of their future growth potential. In such a situation, investors find themselves loaded up on expensive shares with limited to no upside or even a downside. So, going all-in on momentum could be risky at times.
A safer approach could be investing in bargain stocks with recent price momentum. While the Zacks Momentum Style Score (part of the Zacks Style Scores system) helps identify great momentum stocks by paying close attention to trends in a stock's price or earnings, our 'Fast-Paced Momentum at a Bargain' screen comes handy in spotting fast-moving stocks that are still attractively priced.
ZIM Integrated Shipping Services (ZIM - Free Report) is one of the several great candidates that made it through the screen. While there are numerous reasons why this stock is a great choice, here are the most vital ones:
A dash of recent price momentum reflects growing interest of investors in a stock. With a four-week price change of 32.5%, the stock of this container shipping company is certainly well-positioned in this regard.
While any stock can see a spike in price for a short period, it takes a real momentum player to deliver positive returns for a longer time frame. ZIM meets this criterion too, as the stock gained 96.4% over the past 12 weeks.
Moreover, the momentum for ZIM is fast paced, as the stock currently has a beta of 2.02. This indicates that the stock moves 102% higher than the market in either direction.
Given this price performance, it is no surprise that ZIM has a Momentum Score of A, which indicates that this is the right time to enter the stock to take advantage of the momentum with the highest probability of success.
In addition to a favorable Momentum Score, an upward trend in earnings estimate revisions has helped ZIM earn a Zacks Rank #2 (Buy). Our research shows that the momentum-effect is quite strong among Zacks Rank #1 and #2 stocks. That's because as covering analysts raise their earnings estimates for a stock, more and more investors take an interest in it, helping its price race to keep up. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Most importantly, despite possessing fast-paced momentum features, ZIM is trading at a reasonable valuation. In terms of Price-to-Sales ratio, which is considered as one of the best valuation metrics, the stock looks quite cheap now. ZIM is currently trading at 0.29 times its sales. In other words, investors need to pay only 29 cents for each dollar of sales.
So, ZIM appears to have plenty of room to run, and that too at a fast pace.
In addition to ZIM, there are several other stocks that currently pass through our 'Fast-Paced Momentum at a Bargain' screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
ZIM Integrated Shipping Services Ltd. (ZIM) - free report >>
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https://www.zacks.com/stock/news/2218587/zim-zim-is-attractively-priced-despite-fast-paced-momentum
| 2024-01-31T16:47:08Z
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When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.
The trend often reverses before exiting the trade, leading to a short-term capital loss for investors. So, for a profitable trade, one should confirm factors such as sound fundamentals, positive earnings estimate revisions, etc. that could keep the momentum in the stock alive.
Investors looking to make a profit from stocks that are currently on the move may find our "Recent Price Strength" screen pretty useful. This predefined screen comes handy in spotting stocks that are on an uptrend backed by strength in their fundamentals, and trading in the upper portion of their 52-week high-low range, which is usually an indicator of bullishness.
There are several stocks that passed through the screen and First Bank (FRBA - Free Report) is one of them. Here are the key reasons why this stock is a solid choice for "trend" investing.
A solid price increase over a period of 12 weeks reflects investors' continued willingness to pay more for the potential upside in a stock. FRBA is quite a good fit in this regard, gaining 23.9% over this period.
However, it's not enough to look at the price change for around three months, as it doesn't reflect any trend reversal that might have happened in a shorter time frame. It's important for a potential winner to maintain the price trend. A price increase of 0.4% over the past four weeks ensures that the trend is still in place for the stock of this company.
Moreover, FRBA is currently trading at 93.3% of its 52-week High-Low Range, hinting that it can be on the verge of a breakout.
Looking at the fundamentals, the stock currently carries a Zacks Rank #1 (Strong Buy), which means it is in the top 5% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises -- the key factors that impact a stock's near-term price movements.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Another factor that confirms the company's fundamental strength is its Average Broker Recommendation of #1 (Strong Buy). This indicates that the brokerage community is highly optimistic about the stock's near-term price performance.
So, the price trend in FRBA may not reverse anytime soon.
In addition to FRBA, there are several other stocks that currently pass through our "Recent Price Strength" screen. You may consider investing in them and start looking for the newest stocks that fit these criteria.
This is not the only screen that could help you find your next winning stock pick. Based on your personal investing style, you may choose from over 45 Zacks Premium Screens that are strategically created to beat the market.
However, keep in mind that the key to a successful stock-picking strategy is to ensure that it produced profitable results in the past. You could easily do that with the help of the Zacks Research Wizard. In addition to allowing you to backtest the effectiveness of your strategy, the program comes loaded with some of our most successful stock-picking strategies.
Click here to sign up for a free trial to the Research Wizard today.
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https://www.zacks.com/stock/news/2218591/heres-why-momentum-in-first-bank-frba-should-keep-going
| 2024-01-31T16:47:19Z
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Investors are always looking for stocks that are poised to beat at earnings season and Eaton Corporation plc (ETN - Free Report) may be one such company. The firm has earnings coming up pretty soon, and events are shaping up quite nicely for their report.
That is because Eaton is seeing favorable earnings estimate revision activity as of late, which is generally a precursor to an earnings beat. After all, analysts raising estimates right before earnings — with the most up-to-date information possible — is a pretty good indicator of some favorable trends underneath the surface for ETN in this report.
In fact, the Most Accurate Estimate for the current quarter is currently higher than the broader Zacks Consensus Estimate of $2.47 per share. This suggests that analysts have very recently bumped up their estimates for ETN, giving the stock a Zacks Earnings ESP of +0.20% heading into earnings season.
Why is this Important?
A positive reading for the Zacks Earnings ESP has proven to be very powerful in producing both positive surprises, and outperforming the market. Our recent 10-year backtest shows that stocks that have a positive Earnings ESP and a Zacks Rank #3 (Hold) or better show a positive surprise nearly 70% of the time, and have returned over 28% on average in annual returns (see more Top Earnings ESP stocks here).
Given that ETN has a Zacks Rank #2 (Buy) and an ESP in positive territory, investors might want to consider this stock ahead of earnings. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Clearly, recent earnings estimate revisions suggest that good things are ahead for Eaton, and that a beat might be in the cards for the upcoming report.
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https://www.zacks.com/stock/news/2218593/why-eaton-etn-might-surprise-this-earnings-season
| 2024-01-31T16:47:25Z
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The U.S. homebuilding market is finally showing signs of rebound after suffering for more than a year as mortgage rates continue to ease following a steep decline in inflation. This is once helping homebuilders regain their lost confidence as buyers have started flocking to markets again.
According to the National Association of Homebuilders/Wells Fargo Index, homebuilder confidence rose to 44 in January from 37 in December to hit its highest level since September 2023.
Besides, pending home sales also jumped a solid 8.3% month over month in December. Building permits grew 1.9% on a month-over-month basis and 6.1% year over year in December to 1.495 million units. Housing starts jumped 7.6% year over year in December to 1.46 million units, beating analysts’ expectations of 1.44 million units.
Inflation is still above the 2% target but has declined sharply over the past year as the Federal Reserve adopted an aggressive monetary tightening campaign that saw it hiking interest rates by 525 points since March 2022 to take its benchmark policy rate to the range of 5.25-5.50%.
However, the Federal Reserve has finally halted hiking interest rates. The central bank left interest rates steady in its past three policy meetings and finally said that it would start cutting rates this year.
Lower interest rates bode well for the homebuilding industry as it will help homebuilders buy raw materials at a lower price and help buyers to avail lower mortgage rates.
The optimism surrounding rate cuts has also seen mortgage rates fall substantially over the past few months. The average rate on 30-year fixed mortgages was 6.93% last week, which, till a few months back, was hovering above 8%.
Mortgage rates are expected to fall further once the Fed starts cutting rates.
3 Best Choices
As a result, we’ve chosen three funds from the real estate sector that are worth buying. These funds have given impressive 3-year and 5-year annualized returns, boast a Zacks Mutual Fund Rank #1 (Strong Buy) or 2 (Buy), offer a minimum initial investment within $5,000 and carry a low expense ratio.
The question here is why should investors consider mutual funds? Reduced transaction costs and diversification of portfolios without the several commission charges that are associated with stock purchases are the primary reasons why one should be parking their money in mutual funds (read more: Mutual Funds: Advantages, Disadvantages, and How They Make Investors Money).
Fidelity Real Estate Income Fund (FRINX - Free Report) seeks current income and capital appreciation. FRINX normally invests in a balanced portfolio of common stocks, U.S. and foreign government securities, and a variety of corporate fixed-income obligations. Fidelity Real Estate Income Fund may invest up to 30% of its total assets in foreign securities.
Fidelity Real Estate Income Fund has a 5-year and 10-year annualized return of 3.3% and 5%, respectively. The annual expense ratio of 0.73% is lower than the category average of 1.08%. FRINX sports a Zacks Mutual Fund Rank #1.
To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here.
DWS RREEF Real Estate Securities Fund– Class A (RRRAX - Free Report) seeks long-term capital appreciation and current income. RRRAX invests the majority of its net assets in equity securities of real estate investment trusts and real estate companies.
DWS RREEF Real Estate Securities Fund - Class A fund has a 5-year and 10-year annualized return of 4.9% and 7.1%, respectively. The annual expense ratio of 0.75% is lower than the category average of 1.08%. RRRAX sports a Zacks Mutual Fund Rank #1.
To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here.
Manning & Napier Real Estate S (MNREX - Free Report) fund aims for high current income and long-term capital growth by investing primarily in companies in the real estate industry. MNREX invests at least 80% of its assets in securities of companies that are directly engaged in the real estate industry as well as in industries serving or related to the real estate industry.
Manning & Napier Real Estate S fund has a 5-year and 10-year annualized return of 5% and 7%, respectively. The annual expense ratio of 0.85% is lower than the category average of 1.08%. MNREX carries a Zacks Mutual Fund Rank #1.
To see how this fund performed compared to its category, and other 1 and 2 Ranked Mutual Funds, please click here.
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https://www.zacks.com/stock/news/2218599/3-funds-to-buy-on-a-solid-rebound-in-homebuilding-market
| 2024-01-31T16:47:32Z
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Eli Lilly (LLY - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this drugmaker have returned +8.9%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Large Cap Pharmaceuticals industry, which Lilly falls in, has gained 5.7%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Lilly is expected to post earnings of $2.43 per share, indicating a change of +16.3% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.6% over the last 30 days.
The consensus earnings estimate of $6.38 for the current fiscal year indicates a year-over-year change of -19.7%. This estimate has changed -0.4% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $12.50 indicates a change of +95.9% from what Lilly is expected to report a year ago. Over the past month, the estimate has changed -0.4%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Lilly.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Lilly, the consensus sales estimate of $8.86 billion for the current quarter points to a year-over-year change of +21.4%. The $33.63 billion and $39.58 billion estimates for the current and next fiscal years indicate changes of +17.8% and +17.7%, respectively.
Last Reported Results and Surprise History
Lilly reported revenues of $9.5 billion in the last reported quarter, representing a year-over-year change of +36.8%. EPS of $0.10 for the same period compares with $1.98 a year ago.
Compared to the Zacks Consensus Estimate of $8.88 billion, the reported revenues represent a surprise of +6.97%. The EPS surprise was +225%.
Over the last four quarters, Lilly surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Lilly is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Lilly. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2218601/eli-lilly-and-company-lly-is-a-trending-stock-facts-to-know-before-betting-on-it
| 2024-01-31T16:47:39Z
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Coinbase Global, Inc. (COIN - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this company have returned -16.6%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Securities and Exchanges industry, which Coinbase Global, Inc. falls in, has lost 7.8%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Coinbase Global, Inc. is expected to post a loss of $0.06 per share, indicating a change of +97.6% from the year-ago quarter. The Zacks Consensus Estimate has changed +55.6% over the last 30 days.
The consensus earnings estimate of -$0.82 for the current fiscal year indicates a year-over-year change of +93.1%. This estimate has changed +37.1% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of -$0.42 indicates a change of +49.1% from what Coinbase Global, Inc. is expected to report a year ago. Over the past month, the estimate has changed -37.1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Coinbase Global, Inc.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Coinbase Global, Inc. the consensus sales estimate of $731.94 million for the current quarter points to a year-over-year change of +16.3%. The $2.89 billion and $3.13 billion estimates for the current and next fiscal years indicate changes of -9.6% and +8.4%, respectively.
Last Reported Results and Surprise History
Coinbase Global, Inc. reported revenues of $674.15 million in the last reported quarter, representing a year-over-year change of +14.2%. EPS of -$0.01 for the same period compares with -$2.43 a year ago.
Compared to the Zacks Consensus Estimate of $656.61 million, the reported revenues represent a surprise of +2.67%. The EPS surprise was +98.15%.
Over the last four quarters, Coinbase Global, Inc. surpassed consensus EPS estimates three times. The company topped consensus revenue estimates each time over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Coinbase Global, Inc. is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Coinbase Global, Inc. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2218602/investors-heavily-search-coinbase-global-inc-coin-here-is-what-you-need-to-know
| 2024-01-31T16:47:45Z
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Occidental Petroleum (OXY - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this oil and gas exploration and production company have returned -1.9%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Oil and Gas - Integrated - United States industry, which Occidental falls in, has lost 1.2%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Occidental is expected to post earnings of $0.82 per share, indicating a change of -49.1% from the year-ago quarter. The Zacks Consensus Estimate has changed -24.3% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $3.75 points to a change of -59.9% from the prior year. Over the last 30 days, this estimate has changed -23.3%.
For the next fiscal year, the consensus earnings estimate of $4.37 indicates a change of +16.4% from what Occidental is expected to report a year ago. Over the past month, the estimate has changed -22%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Occidental is rated Zacks Rank #4 (Sell).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Occidental, the consensus sales estimate of $7.21 billion for the current quarter points to a year-over-year change of -13.4%. The $28.44 billion and $30.96 billion estimates for the current and next fiscal years indicate changes of -23.3% and +8.9%, respectively.
Last Reported Results and Surprise History
Occidental reported revenues of $7.4 billion in the last reported quarter, representing a year-over-year change of -22.1%. EPS of $1.18 for the same period compares with $2.44 a year ago.
Compared to the Zacks Consensus Estimate of $7.19 billion, the reported revenues represent a surprise of +2.85%. The EPS surprise was +32.58%.
Over the last four quarters, the company surpassed EPS estimates just once. The company topped consensus revenue estimates just once over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Occidental is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Occidental. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218603/here-is-what-to-know-beyond-why-occidental-petroleum-corporation-oxy-is-a-trending-stock
| 2024-01-31T16:47:51Z
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Oracle (ORCL - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this software maker have returned +9.7%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Computer - Software industry, which Oracle falls in, has gained 8%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Oracle is expected to post earnings of $1.37 per share, indicating a change of +12.3% from the year-ago quarter. The Zacks Consensus Estimate has changed +0.1% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $5.53 points to a change of +8% from the prior year. Over the last 30 days, this estimate has changed +0.2%.
For the next fiscal year, the consensus earnings estimate of $6.14 indicates a change of +11% from what Oracle is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Oracle is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Oracle, the consensus sales estimate of $13.27 billion for the current quarter points to a year-over-year change of +7.1%. The $53.33 billion and $57.2 billion estimates for the current and next fiscal years indicate changes of +6.8% and +7.3%, respectively.
Last Reported Results and Surprise History
Oracle reported revenues of $12.94 billion in the last reported quarter, representing a year-over-year change of +5.4%. EPS of $1.34 for the same period compares with $1.21 a year ago.
Compared to the Zacks Consensus Estimate of $13.05 billion, the reported revenues represent a surprise of -0.84%. The EPS surprise was +1.52%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates two times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Oracle is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Oracle. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2218604/here-is-what-to-know-beyond-why-oracle-corporation-orcl-is-a-trending-stock
| 2024-01-31T16:47:57Z
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Energy Transfer LP (ET - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this energy-related services provider have returned +4.9%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Oil and Gas - Production Pipeline - MLB industry, which Energy Transfer LP falls in, has gained 4.1%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, Energy Transfer LP is expected to post earnings of $0.29 per share, indicating a change of -14.7% from the year-ago quarter. The Zacks Consensus Estimate has changed +1.2% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $1.03 points to a change of -27% from the prior year. Over the last 30 days, this estimate has changed +1%.
For the next fiscal year, the consensus earnings estimate of $1.17 indicates a change of +13.5% from what Energy Transfer LP is expected to report a year ago. Over the past month, the estimate has changed +1%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Energy Transfer LP is rated Zacks Rank #2 (Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Energy Transfer LP, the consensus sales estimate of $23.59 billion for the current quarter points to a year-over-year change of +15%. The $81.64 billion and $96.19 billion estimates for the current and next fiscal years indicate changes of -9.2% and +17.8%, respectively.
Last Reported Results and Surprise History
Energy Transfer LP reported revenues of $20.74 billion in the last reported quarter, representing a year-over-year change of -9.6%. EPS of $0.31 for the same period compares with $0.30 a year ago.
Compared to the Zacks Consensus Estimate of $21.68 billion, the reported revenues represent a surprise of -4.34%. The EPS surprise was +6.9%.
Over the last four quarters, the company surpassed EPS estimates just once. The company could not beat consensus revenue estimates in any of the last four quarters.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Energy Transfer LP is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Energy Transfer LP. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218605/energy-transfer-lp-et-is-attracting-investor-attention-here-is-what-you-should-know
| 2024-01-31T16:48:04Z
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Micron (MU - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this chipmaker have returned +4.6%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Semiconductor Memory industry, which Micron falls in, has gained 1.1%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Micron is expected to post a loss of $0.28 per share for the current quarter, representing a year-over-year change of +85.3%. Over the last 30 days, the Zacks Consensus Estimate has changed +0%.
The consensus earnings estimate of -$0.43 for the current fiscal year indicates a year-over-year change of +90.3%. This estimate has changed +1.1% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $6.98 indicates a change of +1,722.2% from what Micron is expected to report a year ago. Over the past month, the estimate has changed -1.7%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Micron.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
For Micron, the consensus sales estimate for the current quarter of $5.32 billion indicates a year-over-year change of +44.1%. For the current and next fiscal years, $22.18 billion and $32.15 billion estimates indicate +42.8% and +44.9% changes, respectively.
Last Reported Results and Surprise History
Micron reported revenues of $4.73 billion in the last reported quarter, representing a year-over-year change of +15.7%. EPS of -$0.95 for the same period compares with -$0.04 a year ago.
Compared to the Zacks Consensus Estimate of $4.66 billion, the reported revenues represent a surprise of +1.47%. The EPS surprise was +4.04%.
Over the last four quarters, Micron surpassed consensus EPS estimates three times. The company topped consensus revenue estimates three times over this period.
Valuation
No investment decision can be efficient without considering a stock's valuation. Whether a stock's current price rightly reflects the intrinsic value of the underlying business and the company's growth prospects is an essential determinant of its future price performance.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Micron is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Micron. However, its Zacks Rank #2 does suggest that it may outperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218606/investors-heavily-search-micron-technology-inc-mu-here-is-what-you-need-to-know
| 2024-01-31T16:48:10Z
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Aaron's Company, Inc. (AAN - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this specialty retail have returned -4.9%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Consumer Services - Miscellaneous industry, which Aaron's falls in, has lost 1.1%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Aaron's is expected to post earnings of $0.03 per share, indicating a change of -66.7% from the year-ago quarter. The Zacks Consensus Estimate remained unchanged over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $1.09 points to a change of -47.3% from the prior year. Over the last 30 days, this estimate has remained unchanged.
For the next fiscal year, the consensus earnings estimate of $0.99 indicates a change of -9.3% from what Aaron's is expected to report a year ago. Over the past month, the estimate has remained unchanged.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Aaron's is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Aaron's, the consensus sales estimate of $542.88 million for the current quarter points to a year-over-year change of -7.9%. The $2.15 billion and $2.2 billion estimates for the current and next fiscal years indicate changes of -4.3% and +2.1%, respectively.
Last Reported Results and Surprise History
Aaron's reported revenues of $525.68 million in the last reported quarter, representing a year-over-year change of -11.4%. EPS of $0.01 for the same period compares with $0.31 a year ago.
Compared to the Zacks Consensus Estimate of $537.29 million, the reported revenues represent a surprise of -2.16%. The EPS surprise was -83.33%.
Over the last four quarters, Aaron's surpassed consensus EPS estimates three times. The company topped consensus revenue estimates two times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Aaron's is graded A on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Aaron's. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2218607/investors-heavily-search-the-aarons-company-inc-aan-here-is-what-you-need-to-know
| 2024-01-31T16:48:16Z
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Citigroup (C - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this U.S. bank have returned +7.6%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Banks - Major Regional industry, which Citigroup falls in, has gained 3.8%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Citigroup is expected to post earnings of $1.59 per share, indicating a change of -14.5% from the year-ago quarter. The Zacks Consensus Estimate has changed +1% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $5.98 points to a change of -1% from the prior year. Over the last 30 days, this estimate has changed +1.4%.
For the next fiscal year, the consensus earnings estimate of $7.25 indicates a change of +21.4% from what Citigroup is expected to report a year ago. Over the past month, the estimate has changed +1.7%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Citigroup is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Citigroup, the consensus sales estimate of $20.4 billion for the current quarter points to a year-over-year change of -4.9%. The $80.07 billion and $81.13 billion estimates for the current and next fiscal years indicate changes of +2.1% and +1.3%, respectively.
Last Reported Results and Surprise History
Citigroup reported revenues of $17.44 billion in the last reported quarter, representing a year-over-year change of -3.1%. EPS of $0.84 for the same period compares with $1.10 a year ago.
Compared to the Zacks Consensus Estimate of $18.66 billion, the reported revenues represent a surprise of -6.55%. The EPS surprise was +15.07%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Citigroup is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Citigroup. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2218608/investors-heavily-search-citigroup-inc-c-here-is-what-you-need-to-know
| 2024-01-31T16:48:22Z
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Albemarle (ALB - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this specialty chemicals company have returned -18.1%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Chemical - Diversified industry, which Albemarle falls in, has lost 6.4%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Albemarle is expected to post earnings of $1.09 per share, indicating a change of -87.4% from the year-ago quarter. The Zacks Consensus Estimate has changed -38.9% over the last 30 days.
The consensus earnings estimate of $21.56 for the current fiscal year indicates a year-over-year change of -1.8%. This estimate has changed -20.1% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $10.33 indicates a change of -52.1% from what Albemarle is expected to report a year ago. Over the past month, the estimate has changed -20.1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #5 (Strong Sell) for Albemarle.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Albemarle, the consensus sales estimate of $2.3 billion for the current quarter points to a year-over-year change of -12.2%. The $9.56 billion and $8.32 billion estimates for the current and next fiscal years indicate changes of +30.7% and -13%, respectively.
Last Reported Results and Surprise History
Albemarle reported revenues of $2.31 billion in the last reported quarter, representing a year-over-year change of +10.5%. EPS of $2.74 for the same period compares with $7.50 a year ago.
Compared to the Zacks Consensus Estimate of $2.39 billion, the reported revenues represent a surprise of -3.45%. The EPS surprise was -25.95%.
Over the last four quarters, Albemarle surpassed consensus EPS estimates three times. The company could not beat consensus revenue estimates in any of the last four quarters.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Albemarle is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Albemarle. However, its Zacks Rank #5 does suggest that it may underperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218609/investors-heavily-search-albemarle-corporation-alb-here-is-what-you-need-to-know
| 2024-01-31T16:48:28Z
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3M (MMM - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this maker of Post-it notes, industrial coatings and ceramics have returned -13%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Diversified Operations industry, which 3M falls in, has lost 3.6%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, 3M is expected to post earnings of $2.11 per share, indicating a change of +7.1% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.3% over the last 30 days.
The consensus earnings estimate of $9.63 for the current fiscal year indicates a year-over-year change of +4.2%. This estimate has changed -3.4% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $10.38 indicates a change of +7.8% from what 3M is expected to report a year ago. Over the past month, the estimate has changed -2.6%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for 3M.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of 3M, the consensus sales estimate of $7.75 billion for the current quarter points to a year-over-year change of -3.5%. The $32.25 billion and $33.22 billion estimates for the current and next fiscal years indicate changes of -1.3% and +3%, respectively.
Last Reported Results and Surprise History
3M reported revenues of $8.01 billion in the last reported quarter, representing a year-over-year change of -0.8%. EPS of $2.42 for the same period compares with $2.28 a year ago.
Compared to the Zacks Consensus Estimate of $7.69 billion, the reported revenues represent a surprise of +4.25%. The EPS surprise was +4.76%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
3M is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about 3M. However, its Zacks Rank #4 does suggest that it may underperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218610/3m-company-mmm-is-a-trending-stock-facts-to-know-before-betting-on-it
| 2024-01-31T16:48:35Z
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Snap (SNAP - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this company behind Snapchat have returned +2%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Internet - Software industry, which Snap falls in, has gained 7.6%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Earnings Estimate Revisions
Here at Zacks, we prioritize appraising the change in the projection of a company's future earnings over anything else. That's because we believe the present value of its future stream of earnings is what determines the fair value for its stock.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Snap is expected to post earnings of $0.07 per share, indicating a change of -50% from the year-ago quarter. The Zacks Consensus Estimate has changed +10.9% over the last 30 days.
The consensus earnings estimate of $0.06 for the current fiscal year indicates a year-over-year change of -64.7%. This estimate has changed +0.4% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $0.14 indicates a change of +125.9% from what Snap is expected to report a year ago. Over the past month, the estimate has changed +7.7%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Snap.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of Snap, the consensus sales estimate of $1.39 billion for the current quarter points to a year-over-year change of +6.7%. The $4.63 billion and $5.3 billion estimates for the current and next fiscal years indicate changes of +0.7% and +14.4%, respectively.
Last Reported Results and Surprise History
Snap reported revenues of $1.19 billion in the last reported quarter, representing a year-over-year change of +5.3%. EPS of $0.02 for the same period compares with $0.08 a year ago.
Compared to the Zacks Consensus Estimate of $1.11 billion, the reported revenues represent a surprise of +7.55%. The EPS surprise was +150%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates two times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Snap is graded F on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Snap. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2218611/here-is-what-to-know-beyond-why-snap-inc-snap-is-a-trending-stock
| 2024-01-31T16:48:41Z
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RTX (RTX - Free Report) has been one of the most searched-for stocks on Zacks.com lately. So, you might want to look at some of the facts that could shape the stock's performance in the near term.
Over the past month, shares of this an aerospace and defense company have returned +6.3%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Aerospace - Defense industry, which RTX falls in, has lost 6.1%. The key question now is: What could be the stock's future direction?
While media releases or rumors about a substantial change in a company's business prospects usually make its stock 'trending' and lead to an immediate price change, there are always some fundamental facts that eventually dominate the buy-and-hold decision-making.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
For the current quarter, RTX is expected to post earnings of $1.24 per share, indicating a change of +1.6% from the year-ago quarter. The Zacks Consensus Estimate has changed +3.7% over the last 30 days.
The consensus earnings estimate of $5.38 for the current fiscal year indicates a year-over-year change of +6.3%. This estimate has changed +0.1% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $6.15 indicates a change of +14.3% from what RTX is expected to report a year ago. Over the past month, the estimate has changed -1%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for RTX.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
Even though a company's earnings growth is arguably the best indicator of its financial health, nothing much happens if it cannot raise its revenues. It's almost impossible for a company to grow its earnings without growing its revenue for long periods. Therefore, knowing a company's potential revenue growth is crucial.
In the case of RTX, the consensus sales estimate of $18.39 billion for the current quarter points to a year-over-year change of +6.8%. The $78.65 billion and $83.39 billion estimates for the current and next fiscal years indicate changes of +5.7% and +6%, respectively.
Last Reported Results and Surprise History
RTX reported revenues of $19.93 billion in the last reported quarter, representing a year-over-year change of +10.1%. EPS of $1.29 for the same period compares with $1.27 a year ago.
Compared to the Zacks Consensus Estimate of $19.83 billion, the reported revenues represent a surprise of +0.49%. The EPS surprise was +3.2%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates each time over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
RTX is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about RTX. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2218612/rtx-corporation-rtx-is-a-trending-stock-facts-to-know-before-betting-on-it
| 2024-01-31T16:48:47Z
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EnerSys (ENS - Free Report) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.
Shares of this maker of industrial batteries have returned +0.1% over the past month versus the Zacks S&P 500 composite's +3.3% change. The Zacks Manufacturing - Electronics industry, to which EnerSys belongs, has gained 0.5% over this period. Now the key question is: Where could the stock be headed in the near term?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Revisions to Earnings Estimates
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
Our analysis is essentially based on how sell-side analysts covering the stock are revising their earnings estimates to take the latest business trends into account. When earnings estimates for a company go up, the fair value for its stock goes up as well. And when a stock's fair value is higher than its current market price, investors tend to buy the stock, resulting in its price moving upward. Because of this, empirical studies indicate a strong correlation between trends in earnings estimate revisions and short-term stock price movements.
EnerSys is expected to post earnings of $2.55 per share for the current quarter, representing a year-over-year change of +100.8%. Over the last 30 days, the Zacks Consensus Estimate has changed -1%.
The consensus earnings estimate of $8.56 for the current fiscal year indicates a year-over-year change of +60.3%. This estimate has changed -0.4% over the last 30 days.
For the next fiscal year, the consensus earnings estimate of $8.83 indicates a change of +3.3% from what EnerSys is expected to report a year ago. Over the past month, the estimate has changed -0.9%.
With an impressive externally audited track record, our proprietary stock rating tool -- the Zacks Rank -- is a more conclusive indicator of a stock's near-term price performance, as it effectively harnesses the power of earnings estimate revisions. The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #1 (Strong Buy) for EnerSys.
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Revenue Growth Forecast
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of EnerSys, the consensus sales estimate of $896.77 million for the current quarter points to a year-over-year change of -2.6%. The $3.66 billion and $3.75 billion estimates for the current and next fiscal years indicate changes of -1.4% and +2.6%, respectively.
Last Reported Results and Surprise History
EnerSys reported revenues of $901 million in the last reported quarter, representing a year-over-year change of +0.2%. EPS of $1.84 for the same period compares with $1.11 a year ago.
Compared to the Zacks Consensus Estimate of $907.9 million, the reported revenues represent a surprise of -0.76%. The EPS surprise was +2.22%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates just once over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
While comparing the current values of a company's valuation multiples, such as price-to-earnings (P/E), price-to-sales (P/S) and price-to-cash flow (P/CF), with its own historical values helps determine whether its stock is fairly valued, overvalued, or undervalued, comparing the company relative to its peers on these parameters gives a good sense of the reasonability of the stock's price.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
EnerSys is graded B on this front, indicating that it is trading at a discount to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Conclusion
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about EnerSys. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218617/enersys-ens-is-attracting-investor-attention-here-is-what-you-should-know
| 2024-01-31T16:48:52Z
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Carvana (CVNA - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this company have returned -9.7%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Internet - Commerce industry, which Carvana falls in, has gained 0.8%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Carvana is expected to post a loss of $0.93 per share, indicating a change of +4.1% from the year-ago quarter. The Zacks Consensus Estimate has changed +2.2% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $0.71 points to a change of +108.2% from the prior year. Over the last 30 days, this estimate has changed +1.1%.
For the next fiscal year, the consensus earnings estimate of -$3.43 indicates a change of -582.8% from what Carvana is expected to report a year ago. Over the past month, the estimate has changed -1.2%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Carvana is rated Zacks Rank #1 (Strong Buy).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Carvana, the consensus sales estimate of $2.57 billion for the current quarter points to a year-over-year change of -9.3%. The $10.98 billion and $11.61 billion estimates for the current and next fiscal years indicate changes of -19.3% and +5.7%, respectively.
Last Reported Results and Surprise History
Carvana reported revenues of $2.77 billion in the last reported quarter, representing a year-over-year change of -18.1%. EPS of $0.23 for the same period compares with -$2.67 a year ago.
Compared to the Zacks Consensus Estimate of $2.74 billion, the reported revenues represent a surprise of +1.12%. The EPS surprise was +127.06%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Carvana is graded C on this front, indicating that it is trading at par with its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Carvana. However, its Zacks Rank #1 does suggest that it may outperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218618/carvana-co-cvna-is-a-trending-stock-facts-to-know-before-betting-on-it
| 2024-01-31T16:48:58Z
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Paycom Software (PAYC - Free Report) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.
Over the past month, shares of this maker of human-resources and payroll software have returned -4.4%, compared to the Zacks S&P 500 composite's +3.3% change. During this period, the Zacks Internet - Software industry, which Paycom falls in, has gained 7.6%. The key question now is: What could be the stock's future direction?
Although media reports or rumors about a significant change in a company's business prospects usually cause its stock to trend and lead to an immediate price change, there are always certain fundamental factors that ultimately drive the buy-and-hold decision.
Earnings Estimate Revisions
Rather than focusing on anything else, we at Zacks prioritize evaluating the change in a company's earnings projection. This is because we believe the fair value for its stock is determined by the present value of its future stream of earnings.
We essentially look at how sell-side analysts covering the stock are revising their earnings estimates to reflect the impact of the latest business trends. And if earnings estimates go up for a company, the fair value for its stock goes up. A higher fair value than the current market price drives investors' interest in buying the stock, leading to its price moving higher. This is why empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For the current quarter, Paycom is expected to post earnings of $1.78 per share, indicating a change of +2.9% from the year-ago quarter. The Zacks Consensus Estimate has changed -0.2% over the last 30 days.
For the current fiscal year, the consensus earnings estimate of $7.63 points to a change of +24.3% from the prior year. Over the last 30 days, this estimate has changed -1.1%.
For the next fiscal year, the consensus earnings estimate of $8.06 indicates a change of +5.6% from what Paycom is expected to report a year ago. Over the past month, the estimate has changed -0.7%.
Having a strong externally audited track record, our proprietary stock rating tool, the Zacks Rank, offers a more conclusive picture of a stock's price direction in the near term, since it effectively harnesses the power of earnings estimate revisions. Due to the size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, Paycom is rated Zacks Rank #3 (Hold).
The chart below shows the evolution of the company's forward 12-month consensus EPS estimate:
12 Month EPS
Projected Revenue Growth
While earnings growth is arguably the most superior indicator of a company's financial health, nothing happens as such if a business isn't able to grow its revenues. After all, it's nearly impossible for a company to increase its earnings for an extended period without increasing its revenues. So, it's important to know a company's potential revenue growth.
In the case of Paycom, the consensus sales estimate of $422.59 million for the current quarter points to a year-over-year change of +14%. The $1.68 billion and $1.87 billion estimates for the current and next fiscal years indicate changes of +22.3% and +11.2%, respectively.
Last Reported Results and Surprise History
Paycom reported revenues of $406.3 million in the last reported quarter, representing a year-over-year change of +21.6%. EPS of $1.77 for the same period compares with $1.27 a year ago.
Compared to the Zacks Consensus Estimate of $411.04 million, the reported revenues represent a surprise of -1.15%. The EPS surprise was +9.26%.
The company beat consensus EPS estimates in each of the trailing four quarters. The company topped consensus revenue estimates three times over this period.
Valuation
Without considering a stock's valuation, no investment decision can be efficient. In predicting a stock's future price performance, it's crucial to determine whether its current price correctly reflects the intrinsic value of the underlying business and the company's growth prospects.
Comparing the current value of a company's valuation multiples, such as its price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF), to its own historical values helps ascertain whether its stock is fairly valued, overvalued, or undervalued, whereas comparing the company relative to its peers on these parameters gives a good sense of how reasonable its stock price is.
As part of the Zacks Style Scores system, the Zacks Value Style Score (which evaluates both traditional and unconventional valuation metrics) organizes stocks into five groups ranging from A to F (A is better than B; B is better than C; and so on), making it helpful in identifying whether a stock is overvalued, rightly valued, or temporarily undervalued.
Paycom is graded D on this front, indicating that it is trading at a premium to its peers. Click here to see the values of some of the valuation metrics that have driven this grade.
Bottom Line
The facts discussed here and much other information on Zacks.com might help determine whether or not it's worthwhile paying attention to the market buzz about Paycom. However, its Zacks Rank #3 does suggest that it may perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2218619/here-is-what-to-know-beyond-why-paycom-software-inc-payc-is-a-trending-stock
| 2024-01-31T16:49:04Z
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Whether you're a growth, value, income, or momentum-focused investor, building a successful investment portfolio takes skill, research, and a little bit of luck.
But how do you find the right combination of stocks? Funding your retirement, your kids' college tuition, or your short- and long-term savings goals certainly requires significant returns.
Enter the Zacks Rank.
What is the Zacks Rank?
A unique, proprietary stock-rating model, the Zacks Rank uses earnings estimate revisions, or changes to a company's earnings expectations, to help investors create a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.
Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.
Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.
Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.
Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.
These four factors are assigned a raw score that's recalculated every night, which is then compiled into the ranking system. Stocks are classified into five groups using this data, ranging from "Strong Buy" to "Strong Sell."
The Power of Institutional Investors
The Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.
These professionals manage the trillions of dollars invested in hedge funds, mutual funds, and investment banks, and studies have shown that they can and do move the market because of the large amounts of money they invest with. Thus, the market tends to move in the same direction as institutional investors.
In order to determine the fair value of a company and its shares, institutional investors design valuation models that focus on earnings and earnings estimates. Because if you raise earnings estimates, it then creates a higher fair value for a company and its stock price.
Institutional investors will use these changes to help in their decision-making, typically buying stocks with rising estimates and selling those with falling estimates. Higher earnings expectations can translate into a rise in stock price and bigger gains for the investor.
Retail investors who get in at the first sign of upward revisions have a distinct advantage over larger investors since it can often take weeks, if not months, for an institutional investor to build a position. They'll also benefit from the expected institutional buying that could follow.
Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.
How to Invest with the Zacks Rank
The Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +25.41%.
Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.
Let's take a look at Royal Caribbean (RCL - Free Report) , which was added to the Zacks Rank #1 list on January 31, 2024.
Based in Miami and incorporated in 1985, Royal Caribbean Cruises is a cruise company. It owns and operates three global brands — Royal Caribbean International, Celebrity Cruises and Azamara Club Cruises. Additionally, it has 50% investment in a joint venture with TUI AG, which operates the brand, TUI Cruises.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.04 to $6.63 per share. RCL also boasts an average earnings surprise of 28.3%.
Analysts are expecting earnings to grow 188.4% for the current fiscal year, with revenue forecasted to rise 57.7%.
RCL has been moving higher over the past four weeks as well, up 5.2% compared to the S&P 500's gain of 3.3%.
Bottom Line
With a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Royal Caribbean should be on investors' shortlist.
If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.
Discover Today's Top Stocks
Our private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >>
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https://www.zacks.com/stock/news/2218621/this-top-consumer-discretionary-stock-is-a-strong-buy-why-it-should-be-on-your-radar
| 2024-01-31T16:49:10Z
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