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Chubb Limited (CB - Free Report) reported fourth-quarter 2023 core operating income of $8.30 per share, which outpaced the Zacks Consensus Estimate by 63.7%. The bottom line doubled year over year.
Chubb's results reflected record underwriting income, lower catastrophe loss, improved combined ratio across most of the segments and higher premium growth across all the segments.
Quarter in Detail
Net premiums written improved 13.4% year over year to $11.6 billion in the quarter, in line with our estimate. The Zacks Consensus Estimate for the metric was pegged at $11.4 billion.
Net premiums earned rose 12.8% to $11.9 billion. Our estimate for the same was pinned at $10.8 billion.
Net investment income was $1.37 billion, up 30.2% year over year. The Zacks Consensus Estimate was pegged at $1.3 billion for the metric, while our estimate was pinned at $1.2 billion.
Property and casualty (P&C) underwriting income totaled $1.52 billion, up 35.2% from the year-ago quarter's level. Global P&C underwriting income, excluding Agriculture, amounted to $1.5 billion, up 27.4% year over year.
Chubb incurred a pre-tax P&C catastrophe loss, net of reinsurance and including reinstatement premiums, of $300 million, narrower than the year-ago quarter's catastrophe loss of $400 million. The P&C combined ratio improved 250 basis points (bps) on a year-over-year basis to 85.5% in the quarter under review. The Zacks Consensus Estimate for the combined ratio was pegged at 86%, while our estimate for the same was pinned at 81.7%.
Segmental Update
North America Commercial P&C Insurance: Net premiums written increased 4.4% year over year to $4.7 billion, which met our estimate. The Zacks Consensus Estimate was pegged at $4.8 million. The combined ratio improved 790 bps to 76.4%. The Zacks Consensus Estimate for the metric was pegged at 83%.
North America Personal P&C Insurance: Net premiums written climbed 12.1% year over year to $1.5 billion. Our estimate for the same was pinned at $1.4 billion. The combined ratio improved 310 bps year over year to 86.2%. The Zacks Consensus Estimate for the metric was pegged at 87%.
North America Agricultural Insurance: Net premiums written increased 58.2% from the year-ago quarter to $607 million. Our estimate was $418.4 million, while the Zacks Consensus Estimate was pegged at $386 million. The combined ratio improved 1,140 bps to 105.8%. The Zacks Consensus Estimate for the metric was pegged at 94%.
Overseas General Insurance: Net premiums written jumped 19.3% year over year to $3.2 billion, which matched our estimate. The combined ratio deteriorated 630 bps to 85.9%, representing lower favorable prior period development and higher catastrophe losses.
Life Insurance: Net premiums written soared 20.3% year over year to $1.45 billion. Our estimate was pinned at $1.6 billion.
The Life Insurance segment income totaled $263 million, up 43.5% year over year. The increase was principally driven by growth in International life, which grew $102 million, representing earnings from Huatai and higher net investment income.
Financial Update
The cash balance of $2.6 billion, as of Dec 31, 2023, increased 23.2% from the 2022-end level. Total shareholders’ equity grew 26% from the 2022-end level to $63.7 billion as of Dec 31, 2023.
Book value per share, as of Dec 31, 2023, was $146.83, up 20.5% from the figure as of Dec 31, 2022.
Core operating return on tangible equity expanded 1,710 bps year over year to 35.3%.
Operating cash flow totaled $3.19 billion in the quarter under consideration.
Capital Deployment
In the quarter, Chubb bought back shares worth $720 million and paid $351 million in dividends.
Full-Year Update
Core operating income for the year came in at $22.54 per share, up 48.5% year over year.
P&C net premiums written amounted to $41.8 billion, up 9.9% year over year.
The combined ratio improved 110 bps on a year-over-year basis to 86.5% in 2023.
Zacks Rank
Chubb currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other P&C Insurers
The Travelers Companies (TRV - Free Report) reported fourth-quarter 2023 core income of $7.01 per share, which beat the Zacks Consensus Estimate of $5.04. The bottom line more than doubled year over year, driven by higher underlying underwriting gain, lower catastrophe losses and higher net investment income. Travelers’ total revenues increased 13.5% from the year-ago quarter's level to $10.9 billion, primarily driven by higher premiums. The top line beat the Zacks Consensus Estimate by 0.2%.
Net written premiums increased 13% year over year to about $10 billion, driven by strong growth across all three segments. The figure was higher than our estimate of $9.7 billion. TRV witnessed an underwriting gain of $1.4 billion, up more than three-fold year over year, driven by higher business volumes. The combined ratio improved 870 bps year over year to 85.8, driven by a lower underlying combined ratio and lower catastrophe losses.
The Progressive Corporation’s (PGR - Free Report) fourth-quarter 2023 earnings per share of $2.96 beat the Zacks Consensus Estimate of $2.38. The bottom line improved 97.3% year over year. Operating revenues of $16.6 billion beat the Zacks Consensus Estimate by 3% and increased 23.2% year over year.
Net premiums written were $15.1 billion in the quarter, up 21% from $12.5 billion a year ago. Premiums beat our estimate of $14 billion. Net premiums earned grew 22% to $15.8 billion and beat our estimate of $14.8 billion. The combined ratio — the percentage of premiums paid out as claims and expenses — improved 520 bps from the prior-year quarter’s level to 88.7.
W.R. Berkley Corporation’s (WRB - Free Report) fourth-quarter 2023 operating income of $1.45 per share beat the Zacks Consensus Estimate of $1.35 by 7.4%. The bottom line improved 25% year over year. Operating revenues came in at $3.2 billion, up 9.3% year over year, on the back of higher net premiums earned as well as improved net investment income. The top line beat the consensus estimate by 1.3%.
W.R. Berkley’s net premiums written amounted to $2.7 billion, up 12% year over year. The figure was lower than our estimate of $2.8 billion. Pre-tax underwriting income increased 8.2% to $315.9 million. The consolidated combined ratio remained flat year over year at 88.4.
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Chubb Limited (CB) - free report >>
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https://www.zacks.com/stock/news/2218622/chubb-cb-q4-earnings-beat-estimates-on-underwriting-strength
| 2024-01-31T16:49:16Z
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Model N (MODN - Free Report) introduced Price Management, which is a solution tailored for semiconductor, electronic component, and high-tech manufacturers to streamline price management across direct and channel sales teams globally.
The new solution is integrated with Model N Deal Management, which simplifies pricing updates and ensures consistency across sales teams and channels. The company further added that manual approaches lack efficiency and real-time updates as well as hinder deal approvals in today's fast-paced markets.
The new Price Management solution addresses the rising demand for flexible price management tools by offering an end-to-end pricing system that facilitates rapid and coordinated price changes while meeting audit and regulatory requirements.
It is also equipped with a robust pricing engine that provides real-time data alignment and automated workflows. This, in turn, enables companies to focus on strategy rather than manual tasks, ultimately optimizing revenue and profitability.
Model N provides revenue management solutions for life sciences and technology companies, including applications for configure, price, quote, rebate management and regulatory compliance.
The company has significant growth opportunities in the revenue management market as it continues to replace legacy processes that were labor intensive, error prone, inflexible and costly. The company currently manages client revenues worth billions for more than 50,000 enterprises across 100 countries.
High return on investments from cloud-native revenue management solutions that efficiently plug gaps in the end-to-end revenue management process makes them ideal client options. This improves the top-line growth of the companies, in turn boosting the adoption of Model N’s solutions.
For fiscal 2024, management expects total revenues in the band of $260-$263 million. Subscription revenues are anticipated to be in the range of $193-$195 million. Non-GAAP operating income is expected to be within $46.9-$49.9 million, while non-GAAP earnings per share (EPS) are anticipated to be within $1.25-$1.32.
Currently, Model N sports a Zacks Rank #1 (Strong Buy). Model N’s shares have declined 30.5% in the past year against 67.6% growth of the sub-industry.
Image Source: Zacks Investment Research
Other Stocks to Consider
Some other top-ranked stocks worth considering in the broader technology space are Itron (ITRI - Free Report) , NETGEAR (NTGR - Free Report) and Watts Water Technologies (WTS - Free Report) . NETGEAR and Itron sport a Zacks Rank #1, while Watts Water Technologies carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
The Zacks Consensus Estimate for Itron’s 2023 EPS has inched up 3.2% in the past 60 days to $2.88. ITRI’s long-term earnings growth rate is 23%.
Itron’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 289.3%. Shares of ITRI have gained 33.1% in the past year.
The Zacks Consensus Estimate for 2023 is pegged at a loss of 9 cents per share for NETGEAR, which remained unchanged in the past 30 days.
NTGR’s earnings outpaced the Zacks Consensus Estimate in three of the last four quarters while missing once. The average surprise was 127.5%. Shares of NTGR have lost 29.5% in the past year.
The Zacks Consensus Estimate for Watts Water Technologies 2023 EPS has improved 3.9% in the past 60 days to $8.08.
WTS’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average surprise being 11.8%. Shares of WTS have soared 23.2% in the past year.
See More Zacks Research for These Tickers
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Itron, Inc. (ITRI) - free report >>
NETGEAR, Inc. (NTGR) - free report >>
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https://www.zacks.com/stock/news/2218623/model-n-modn-launches-global-price-management-solution
| 2024-01-31T16:49:23Z
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MasterCard (MA - Free Report) came out with quarterly earnings of $3.18 per share, beating the Zacks Consensus Estimate of $3.08 per share. This compares to earnings of $2.65 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of 3.25%. A quarter ago, it was expected that this processor of debit and credit card payments would post earnings of $3.21 per share when it actually produced earnings of $3.39, delivering a surprise of 5.61%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
MasterCard
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.
MasterCard shares have added about 4.4% since the beginning of the year versus the S&P 500's gain of 3.3%.
What's Next for MasterCard?
While MasterCard 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 MasterCard: 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 $3.24 on $6.46 billion in revenues for the coming quarter and $14.21 on $28.11 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, Financial Transaction Services is currently in the top 43% 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, Expensify, Inc. (EXFY - Free Report) , has yet to report results for the quarter ended December 2023.
This company is expected to post quarterly loss of $0.03 per share in its upcoming report, which represents a year-over-year change of -133.3%. The consensus EPS estimate for the quarter has been revised 4% higher over the last 30 days to the current level.
Expensify, Inc.'s revenues are expected to be $36.64 million, down 15.7% from the year-ago quarter.
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https://www.zacks.com/stock/news/2218624/mastercard-ma-q4-earnings-and-revenues-beat-estimates
| 2024-01-31T16:49:29Z
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Allegiant Travel Company (ALGT - Free Report) is scheduled to report fourth-quarter 2023 results on Feb 5, before market open.
ALGT has a promising earnings surprise history, having surpassed the Zacks Consensus Estimate in three of the four preceding quarters and missing in one, the average beat being 80.8%.
The Zacks Consensus Estimate for current-quarter loss per share has widened to 67 cents from 58 cents 60 days ago.
Let us have a quick peek at the factors that are likely to have influenced ALGT’s performance in the quarter under review.
The surge in air travel demand is expected to have boosted passenger revenues in the fourth quarter of 2023.
Air traffic (measured in revenue passenger miles) for scheduled service is likely to increase 3.6% year over year, per our estimates. Our model projects capacity (measured in available seat miles or ASMs) to rise 4.9% from the year-ago reported figure. Our model expects the load factor (percentage of seats filled by passengers) to decrease from 85.3% in fourth-quarter 2022 to 84.3% in the quarter to be reported, with the surge in capacity being more than the increase in traffic.
Fuel expenses are likely to have hurt the bottom line in the soon-to-be reported quarter. Even though fuel prices have come down from the highs witnessed a year ago, the same has remained at an elevated level. Our model estimates the average fuel cost per gallon for the December quarter to be $3.31, higher than the $3.07 reported in third-quarter 2023.
What our model says
Our model predicts an earnings beat for ALGT this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. This is the case here. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
ALGT currently has an Earnings ESP of +77.68% and Zacks Rank #3.
Other Stocks to Consider
Here are a few other stocks from the broader Zacks Transportation sector that investors may consider, as our model shows that these also have the right combination of elements to beat on earnings this time around.
Spirit Airlines (SAVE - Free Report) currently has an Earnings ESP of +6.03% and a Zacks Rank #3. SAVE will release fourth-quarter 2023 results on Feb 7.
Upbeat air travel demand is expected to have aided the fourth-quarter performance of this Miramar, FL-based ultra-low-cost carrier. Recently, management gave a bullish revenue guidance for fourth-quarter 2023.
Revenues are expected to be $1.32 billion. The new guidance is at the high end of the previously stated $1.28-$1.32 billion. The bullish expectation is due to the fact that bookings for the peak travel period, Christmas and New Year, were strong.
SAVE beat the Zacks Consensus Estimate in three of the last four quarters and missed the mark once, the average beat being 47.75%.
Westinghouse Air Brake Technologies Corporation, operating as Wabtec Corporation (WAB - Free Report) , has an Earnings ESP of +0.85% and presently sports a Zacks Rank #1. WAB will release results on Feb 14. You can see the complete list of today’s Zacks #1 Rank stocks here.
WAB has an expected earnings growth rate of 20.77% for fourth-quarter 2023. WAB delivered a trailing four-quarter earnings surprise of 7.11%, on average. The Zacks Consensus Estimate for WAB’s fourth-quarter 2023 earnings has improved 3.3% over the past 90 days.
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Spirit Airlines, Inc. (SAVE) - free report >>
Allegiant Travel Company (ALGT) - free report >>
Westinghouse Air Brake Technologies Corporation (WAB) - free report >>
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https://www.zacks.com/stock/news/2218627/allegiant-algt-to-report-q4-earnings-whats-in-store?
| 2024-01-31T16:49:35Z
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In its upcoming report, Varonis Systems (VRNS - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.23 per share, reflecting an increase of 9.5% compared to the same period last year. Revenues are forecasted to be $151.64 million, representing a year-over-year increase of 6.3%.
The current level reflects an upward revision of 0.9% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
That said, let's delve into the average estimates of some Varonis metrics that Wall Street analysts commonly model and monitor.
The consensus estimate for 'Revenues- Maintenance and Services' stands at $23.69 million. The estimate indicates a change of -8.5% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenues- Subscriptions' will likely reach $127.69 million. The estimate indicates a change of +9.4% from the prior-year quarter.
Analysts' assessment points toward 'Annual Recurring Revenues' reaching $537.76 million. The estimate compares to the year-ago value of $465.10 million.
View all Key Company Metrics for Varonis here>>>
Shares of Varonis have demonstrated returns of +4.3% over the past month compared to the Zacks S&P 500 composite's +3.3% change. With a Zacks Rank #4 (Sell), VRNS is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218631/seeking-clues-to-varonis-vrns-q4-earnings-a-peek-into-wall-street-projections-for-key-metrics?-a-peek-into-wall-street-projections-for-key-metrics
| 2024-01-31T16:49:42Z
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The upcoming report from Allegiant Travel (ALGT - Free Report) is expected to reveal quarterly loss of $0.67 per share, indicating a decline of 121.1% compared to the year-ago period. Analysts forecast revenues of $601.47 million, representing a decrease of 1.7% year over year.
Over the last 30 days, there has been an upward revision of 13.7% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Allegiant Travel metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Fixed fee contract revenue' to come in at $20.00 million. The estimate indicates a change of -12.1% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Passenger revenue' of $547.80 million. The estimate suggests a change of -3% year over year.
Analysts forecast 'Third party products' to reach $28.21 million. The estimate indicates a change of +19.8% from the prior-year quarter.
The combined assessment of analysts suggests that 'Available seat miles - Total system statistics' will likely reach 4,538.43 million. Compared to the present estimate, the company reported 4,358.22 million in the same quarter last year.
Analysts' assessment points toward 'Available seat miles - Scheduled service statistics' reaching 4,419.90 million. The estimate compares to the year-ago value of 4,192.35 million.
Analysts predict that the 'Average Fuel Cost Per Gallon - Total system statistics' will reach $3.3 per gallon. The estimate compares to the year-ago value of 3.59 $/gal.
The consensus estimate for 'Total scheduled service statistics revenue per ASM (TRASM)' stands at 13.11 cents. The estimate compares to the year-ago value of 14.03 cents.
It is projected by analysts that the 'Average fare - Scheduled service statistics' will reach $57.57. The estimate compares to the year-ago value of $78.14.
The average prediction of analysts places 'Passengers - Total system statistics' at 4,286,520. Compared to the current estimate, the company reported 3,962,466 in the same quarter of the previous year.
According to the collective judgment of analysts, 'Load factor - Scheduled service statistics' should come in at 84.2%. The estimate is in contrast to the year-ago figure of 85.3%.
The consensus among analysts is that 'Operating CASM, excluding fuel - Total system statistics' will reach 9.12 cents. Compared to the present estimate, the company reported 7.76 cents in the same quarter last year.
Based on the collective assessment of analysts, 'Operating expense per ASM (CASM) - Total system statistics' should arrive at 13.02 cents. Compared to the present estimate, the company reported 11.99 cents in the same quarter last year.
View all Key Company Metrics for Allegiant Travel here>>>
Allegiant Travel shares have witnessed a change of -1.9% in the past month, in contrast to the Zacks S&P 500 composite's +3.3% move. With a Zacks Rank #3 (Hold), ALGT is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218632/insights-into-allegiant-travel-algt-q4-wall-street-projections-for-key-metrics
| 2024-01-31T16:49:48Z
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The upcoming report from Caterpillar (CAT - Free Report) is expected to reveal quarterly earnings of $4.76 per share, indicating an increase of 23.3% compared to the year-ago period. Analysts forecast revenues of $17.15 billion, representing an increase of 3.4% year over year.
Over the last 30 days, there has been a downward revision of 3.8% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific Caterpillar metrics that are commonly monitored and projected by Wall Street analysts.
Analysts forecast 'Total sales and revenues- Financial Products- Total' to reach $813.73 million. The estimate indicates a change of +12.1% from the prior-year quarter.
Analysts predict that the 'Total sales and revenues- Machinery, Energy & Transportation- Total' will reach $16.33 billion. The estimate suggests a change of +2.9% year over year.
Analysts' assessment points toward 'Total sales and revenues- Machinery, Energy & Transportation- Energy & Transportation' reaching $7.22 billion. The estimate indicates a change of +5.8% from the prior-year quarter.
The combined assessment of analysts suggests that 'Total sales and revenues- Machinery, Energy & Transportation- All Other' will likely reach $114.45 million. The estimate indicates a change of +3.1% from the prior-year quarter.
The collective assessment of analysts points to an estimated 'Sales and Revenues- North America- Machinery, Energy & Transportation- Construction' of $3.85 billion. The estimate indicates a year-over-year change of +8.9%.
The consensus among analysts is that 'Sales and Revenues- North America- Machinery, Energy & Transportation- Resource Industries' will reach $1.33 billion. The estimate indicates a year-over-year change of -2.7%.
The average prediction of analysts places 'Sales and Revenues- North America- Machinery, Energy & Transportation- Energy & Transportation' at $2.84 billion. The estimate indicates a year-over-year change of +12.1%.
It is projected by analysts that the 'Sales and Revenues- North America- Machinery, Energy & Transportation- All Other Segments' will reach $23.57 million. The estimate indicates a year-over-year change of +96.4%.
The consensus estimate for 'Sales and Revenues- Latin America- Machinery, Energy & Transportation- Construction' stands at $644.17 million. The estimate suggests a change of -17.6% year over year.
Analysts expect 'Sales and Revenues- Latin America- Machinery, Energy & Transportation- Resource Industries' to come in at $500.12 million. The estimate points to a change of -0.6% from the year-ago quarter.
According to the collective judgment of analysts, 'Sales and Revenues- Latin America- Machinery, Energy & Transportation- Energy & Transportation' should come in at $563.31 million. The estimate indicates a change of -9.7% from the prior-year quarter.
Based on the collective assessment of analysts, 'Sales and Revenues- EAME- Machinery, Energy & Transportation- Construction' should arrive at $1.35 billion. The estimate indicates a change of -1.8% from the prior-year quarter.
View all Key Company Metrics for Caterpillar here>>>
Caterpillar shares have witnessed a change of +4.1% in the past month, in contrast to the Zacks S&P 500 composite's +3.3% move. With a Zacks Rank #3 (Hold), CAT is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218633/caterpillar-cat-q4-earnings-on-the-horizon-analysts-insights-on-key-performance-measures
| 2024-01-31T16:49:54Z
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The upcoming report from ON Semiconductor Corp. (ON - Free Report) is expected to reveal quarterly earnings of $1.21 per share, indicating a decline of 8.3% compared to the year-ago period. Analysts forecast revenues of $2 billion, representing a decrease of 4.8% year over year.
Over the last 30 days, there has been a downward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Bearing this in mind, let's now explore the average estimates of specific ON Semiconductor Corp. metrics that are commonly monitored and projected by Wall Street analysts.
The combined assessment of analysts suggests that 'Revenue- Market- Automotive' will likely reach $1.10 billion. The estimate indicates a change of +11.2% from the prior-year quarter.
According to the collective judgment of analysts, 'Revenue- Market- Industrial' should come in at $561.08 million. The estimate suggests a change of +1.6% year over year.
The consensus estimate for 'Revenue- Market- Others' stands at $340.64 million. The estimate indicates a change of -39.5% from the prior-year quarter.
View all Key Company Metrics for ON Semiconductor Corp. here>>>
Shares of ON Semiconductor Corp. have experienced a change of -10.9% in the past month compared to the +3.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), ON is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218634/what-analyst-projections-for-key-metrics-reveal-about-on-semiconductor-corp-on-q4-earnings
| 2024-01-31T16:50:01Z
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Wall Street analysts forecast that Idexx Laboratories (IDXX - Free Report) will report quarterly earnings of $2.12 per share in its upcoming release, pointing to a year-over-year increase of 3.4%. It is anticipated that revenues will amount to $890.61 million, exhibiting an increase of 7.5% compared to the year-ago quarter.
The consensus EPS estimate for the quarter has undergone a downward revision of 0.8% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
With that in mind, let's delve into the average projections of some Idexx metrics that are commonly tracked and projected by analysts on Wall Street.
Based on the collective assessment of analysts, 'Revenue- Companion Animal Group (CAG)' should arrive at $803.32 million. The estimate suggests a change of +7.3% year over year.
According to the collective judgment of analysts, 'Revenue- Other' should come in at $5.40 million. The estimate points to a change of -26.3% from the year-ago quarter.
Analysts expect 'Revenue- Livestock and poultry diagnostics (LPD)' to come in at $32.98 million. The estimate points to a change of -1.3% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenue- Water' of $41.63 million. The estimate points to a change of +5.9% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenue- IDEXX VetLab consumables' will likely reach $286.13 million. The estimate points to a change of +9.6% from the year-ago quarter.
The consensus among analysts is that 'Revenue- CAG Diagnostics capital- instruments' will reach $36.77 million. The estimate indicates a year-over-year change of -5.5%.
It is projected by analysts that the 'Revenue- CAG-Reference laboratory diagnostic and consulting services' will reach $304.48 million. The estimate indicates a change of +7.5% from the prior-year quarter.
Analysts predict that the 'Revenue- CAG-Rapid assay products' will reach $75.85 million. The estimate indicates a change of +6.7% from the prior-year quarter.
Analysts' assessment points toward 'Gross Profit - Water' reaching 69.8%. The estimate is in contrast to the year-ago figure of 69.6%.
Analysts forecast 'Gross Profit- CAG' to reach 59.3%. The estimate is in contrast to the year-ago figure of 58.1%.
The consensus estimate for 'Gross Profit - LPD' stands at 55.0%. The estimate compares to the year-ago value of 56.9%.
The average prediction of analysts places 'Gross Profit - Other' at 9.5%. The estimate compares to the year-ago value of 50.3%.
View all Key Company Metrics for Idexx here>>>
Shares of Idexx have demonstrated returns of -4.9% over the past month compared to the Zacks S&P 500 composite's +3.3% change. With a Zacks Rank #3 (Hold), IDXX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218635/unveiling-idexx-idxx-q4-outlook-wall-street-estimates-for-key-metrics
| 2024-01-31T16:50:07Z
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The upcoming report from Vertex Pharmaceuticals (VRTX - Free Report) is expected to reveal quarterly earnings of $4.08 per share, indicating an increase of 8.5% compared to the year-ago period. Analysts forecast revenues of $2.5 billion, representing an increase of 8.5% year over year.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
Given this perspective, it's time to examine the average forecasts of specific Vertex metrics that are routinely monitored and predicted by Wall Street analysts.
Based on the collective assessment of analysts, 'Revenues by Product- Trikafta/Kaftrio' should arrive at $2.30 billion. The estimate points to a change of +13.6% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Revenues by Product- Kalydeco' of $107.45 million. The estimate indicates a year-over-year change of -21%.
It is projected by analysts that the 'Revenues by Product- Orkambi' will reach $77.81 million. The estimate indicates a year-over-year change of -29.9%.
Analysts expect 'Revenues by Product- Symdeko' to come in at $25.73 million. The estimate points to a change of -24.3% from the year-ago quarter.
View all Key Company Metrics for Vertex here>>>
Shares of Vertex have experienced a change of +8.6% in the past month compared to the +3.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), VRTX is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218636/stay-ahead-of-the-game-with-vertex-vrtx-q4-earnings-wall-streets-insights-on-key-metrics
| 2024-01-31T16:50:13Z
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In its upcoming report, Crown Holdings (CCK - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.42 per share, reflecting an increase of 21.4% compared to the same period last year. Revenues are forecasted to be $2.93 billion, representing a year-over-year decrease of 2.8%.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Crown metrics that are commonly tracked and forecasted by Wall Street analysts.
Analysts expect 'External Sales- Americas Beverage' to come in at $1.22 billion. The estimate indicates a change of +1.2% from the prior-year quarter.
According to the collective judgment of analysts, 'External Sales- European Beverage' should come in at $431.57 million. The estimate suggests a change of -4.7% year over year.
Based on the collective assessment of analysts, 'External Sales- Transit Packaging' should arrive at $602.79 million. The estimate indicates a change of +2.5% from the prior-year quarter.
The consensus estimate for 'Net Sales- Other segments' stands at $352.00 million. The estimate indicates a year-over-year change of -3.8%.
Analysts predict that the 'External Sales- Asia Pacific' will reach $329.73 million. The estimate points to a change of -16.5% from the year-ago quarter.
Analysts forecast 'Segment Income- Americas Beverage' to reach $207.84 million. Compared to the current estimate, the company reported $177 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Segment Income- European Beverage' will likely reach $44.40 million. The estimate compares to the year-ago value of $15 million.
The consensus among analysts is that 'Segment Income- Transit Packaging' will reach $74.88 million. Compared to the present estimate, the company reported $71 million in the same quarter last year.
It is projected by analysts that the 'Segment Income- Other segments' will reach $33.39 million. Compared to the current estimate, the company reported $34 million in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Segment Income- Asia Pacific' of $34.30 million. Compared to the current estimate, the company reported $29 million in the same quarter of the previous year.
View all Key Company Metrics for Crown here>>>
Shares of Crown have demonstrated returns of -1.2% over the past month compared to the Zacks S&P 500 composite's +3.3% change. With a Zacks Rank #3 (Hold), CCK is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218637/gear-up-for-crown-cck-q4-earnings-wall-street-estimates-for-key-metrics
| 2024-01-31T16:50:19Z
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The upcoming report from Air Products and Chemicals (APD - Free Report) is expected to reveal quarterly earnings of $2.99 per share, indicating an increase of 13.3% compared to the year-ago period. Analysts forecast revenues of $3.31 billion, representing an increase of 4.2% year over year.
Over the last 30 days, there has been an upward revision of 0.3% in the consensus EPS estimate for the quarter, leading to its current level. This signifies the covering analysts' collective reconsideration of their initial forecasts over the course of this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
That said, let's delve into the average estimates of some Air Products and Chemicals metrics that Wall Street analysts commonly model and monitor.
The collective assessment of analysts points to an estimated 'Revenue- Industrial Gases- Middle East and India' of $41.83 million. The estimate suggests a change of +1% year over year.
The average prediction of analysts places 'Revenue-Industrial Gases- Americas' at $1.41 billion. The estimate indicates a year-over-year change of +1.6%.
Based on the collective assessment of analysts, 'Revenue-Industrial Gases- Europe' should arrive at $831.18 million. The estimate suggests a change of +5% year over year.
It is projected by analysts that the 'Revenue-Industrial Gases- Asia' will reach $797.09 million. The estimate suggests a change of +2.5% year over year.
The consensus among analysts is that 'Revenue- Corporate and other' will reach $199.13 million. The estimate suggests a change of +11% year over year.
The consensus estimate for 'Adjusted EBITDA- Industrial Gases- Middle East and India' stands at $105.95 million. Compared to the current estimate, the company reported $77.40 million in the same quarter of the previous year.
The combined assessment of analysts suggests that 'Adjusted EBITDA- Industrial Gases- Americas' will likely reach $574.27 million. The estimate compares to the year-ago value of $515.40 million.
Analysts' assessment points toward 'Adjusted EBITDA- Industrial Gases- Europe' reaching $250.79 million. The estimate compares to the year-ago value of $207.80 million.
According to the collective judgment of analysts, 'Adjusted EBITDA- Industrial Gases- Asia' should come in at $352.86 million. The estimate compares to the year-ago value of $345.20 million.
View all Key Company Metrics for Air Products and Chemicals here>>>
Air Products and Chemicals shares have witnessed a change of -5.2% in the past month, in contrast to the Zacks S&P 500 composite's +3.3% move. With a Zacks Rank #2 (Buy), APD is expected outperform the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218638/what-analyst-projections-for-key-metrics-reveal-about-air-products-and-chemicals-apd-q1-earnings
| 2024-01-31T16:50:26Z
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The upcoming report from Tyson Foods (TSN - Free Report) is expected to reveal quarterly earnings of $0.42 per share, indicating a decline of 50.6% compared to the year-ago period. Analysts forecast revenues of $13.46 billion, representing an increase of 1.5% year over year.
The consensus EPS estimate for the quarter has been revised 1.5% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically rely on consensus earnings and revenue estimates to gauge how the business may have fared during the quarter, examining analysts' projections for some of the company's key metrics often helps gain a deeper insight.
In light of this perspective, let's dive into the average estimates of certain Tyson metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Sales- Chicken' should come in at $4.26 billion. The estimate indicates a change of 0% from the prior-year quarter.
The average prediction of analysts places 'Sales- Beef' at $5.05 billion. The estimate suggests a change of +6.8% year over year.
Analysts expect 'Sales- International/Other' to come in at $650.25 million. The estimate points to a change of +6.3% from the year-ago quarter.
Analysts' assessment points toward 'Sales- Prepared Foods' reaching $2.46 billion. The estimate indicates a year-over-year change of -3.3%.
The consensus estimate for 'Sales- Pork' stands at $1.45 billion. The estimate points to a change of -5.2% from the year-ago quarter.
View all Key Company Metrics for Tyson here>>>
Over the past month, Tyson shares have recorded returns of -0.9% versus the Zacks S&P 500 composite's +3.3% change. Based on its Zacks Rank #1 (Strong Buy), TSN will likely outperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218639/gear-up-for-tyson-tsn-q1-earnings-wall-street-estimates-for-key-metrics
| 2024-01-31T16:50:32Z
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The upcoming report from ChampionX (CHX - Free Report) is expected to reveal quarterly earnings of $0.43 per share, indicating no change from the year-ago quarter compared to the year-ago period. Analysts forecast revenues of $953.93 million, representing a decrease of 3.2% year over year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While it's common for investors to rely on consensus earnings and revenue estimates for assessing how the business may have performed during the quarter, exploring analysts' forecasts for key metrics can yield valuable insights.
Bearing this in mind, let's now explore the average estimates of specific ChampionX metrics that are commonly monitored and projected by Wall Street analysts.
The consensus among analysts is that 'Revenue- Production & Automation Technologies' will reach $244.37 million. The estimate points to a change of +0.1% from the year-ago quarter.
Analysts' assessment points toward 'Revenue- Production Chemical Technologies' reaching $637.51 million. The estimate points to a change of +0.2% from the year-ago quarter.
Based on the collective assessment of analysts, 'Revenue- Reservoir Chemical Technologies' should arrive at $25.40 million. The estimate indicates a year-over-year change of -1.2%.
The collective assessment of analysts points to an estimated 'Revenue- Drilling Technologies' of $48.46 million. The estimate suggests a change of -9.9% year over year.
Analysts forecast 'Adjusted EBITDA- Production Chemical Technologies' to reach $128.45 million. Compared to the current estimate, the company reported $121.09 million in the same quarter of the previous year.
The average prediction of analysts places 'Adjusted EBITDA- Production & Automation Technologies' at $55.01 million. The estimate is in contrast to the year-ago figure of $50.62 million.
The combined assessment of analysts suggests that 'Adjusted EBITDA- Reservoir Chemical Technologies' will likely reach $4.39 million. The estimate compares to the year-ago value of $3.44 million.
Analysts predict that the 'Adjusted EBITDA- Drilling Technologies' will reach $10.66 million. The estimate compares to the year-ago value of $11 million.
View all Key Company Metrics for ChampionX here>>>
Over the past month, ChampionX shares have recorded returns of -2.4% versus the Zacks S&P 500 composite's +3.3% change. Based on its Zacks Rank #5 (Strong Sell), CHX will likely underperform the overall market in the upcoming period. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218640/championx-chx-q4-earnings-on-the-horizon-analysts-insights-on-key-performance-measures
| 2024-01-31T16:50:38Z
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Analysts on Wall Street project that FMC (FMC - Free Report) will announce quarterly earnings of $1.09 per share in its forthcoming report, representing a decline of 54% year over year. Revenues are projected to reach $1.25 billion, declining 23% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone a downward revision of 25.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some FMC metrics that Wall Street analysts commonly model and monitor.
Based on the collective assessment of analysts, 'Geographic Revenue- Latin America' should arrive at $480.01 million. The estimate indicates a change of -30.8% from the prior-year quarter.
Analysts forecast 'Geographic Revenue- Europe/Middle East/Africa' to reach $192.29 million. The estimate points to a change of -8.4% from the year-ago quarter.
The collective assessment of analysts points to an estimated 'Geographic Revenue- Asia Pacific' of $240.38 million. The estimate indicates a change of -13.6% from the prior-year quarter.
Analysts predict that the 'Geographic Revenue- North America' will reach $352.08 million. The estimate suggests a change of -20% year over year.
View all Key Company Metrics for FMC here>>>
Shares of FMC have demonstrated returns of -11.3% over the past month compared to the Zacks S&P 500 composite's +3.3% change. With a Zacks Rank #5 (Strong Sell), FMC is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218641/countdown-to-fmc-fmc-q4-earnings-a-look-at-estimates-beyond-revenue-and-eps
| 2024-01-31T16:50:44Z
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Analysts on Wall Street project that NXP Semiconductors (NXPI - Free Report) will announce quarterly earnings of $3.64 per share in its forthcoming report, representing a decline of 2.4% year over year. Revenues are projected to reach $3.4 billion, increasing 2.5% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone a downward revision of 1.4% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
That said, let's delve into the average estimates of some NXP metrics that Wall Street analysts commonly model and monitor.
Analysts' assessment points toward 'Revenue- Automotive' reaching $1.89 billion. The estimate indicates a change of +5% from the prior-year quarter.
Analysts expect 'Revenue- Communications Infrastructure & Other' to come in at $469.25 million. The estimate points to a change of -5% from the year-ago quarter.
It is projected by analysts that the 'Revenue- Industrial & IoT' will reach $644.19 million. The estimate indicates a change of +6.5% from the prior-year quarter.
The combined assessment of analysts suggests that 'Revenue- Mobile' will likely reach $384.81 million. The estimate suggests a change of -5.7% year over year.
View all Key Company Metrics for NXP here>>>
Shares of NXP have demonstrated returns of -2.7% over the past month compared to the Zacks S&P 500 composite's +3.3% change. With a Zacks Rank #4 (Sell), NXPI is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218642/unveiling-nxp-nxpi-q4-outlook-wall-street-estimates-for-key-metrics
| 2024-01-31T16:50:51Z
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Analysts on Wall Street project that Simon Property (SPG - Free Report) will announce quarterly earnings of $3.34 per share in its forthcoming report, representing an increase of 6% year over year. Revenues are projected to reach $1.46 billion, increasing 4% from the same quarter last year.
The consensus EPS estimate for the quarter has undergone an upward revision of 0.3% in the past 30 days, bringing it to its present level. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific Simon Property metrics that are routinely monitored and predicted by Wall Street analysts.
Analysts' assessment points toward 'Revenue- Management fees and other revenues' reaching $31.99 million. The estimate points to a change of +0.4% from the year-ago quarter.
Analysts predict that the 'Revenue- Lease income' will reach $1.35 billion. The estimate points to a change of +4.7% from the year-ago quarter.
The consensus estimate for 'Revenue- Other income' stands at $98.68 million. The estimate suggests a change of +22% year over year.
The combined assessment of analysts suggests that 'U.S. Malls and Premium Outlets - Occupancy - Total Portfolio' will likely reach 95.4%. The estimate compares to the year-ago value of 94.9%.
According to the collective judgment of analysts, 'Depreciation and amortization' should come in at $312.78 million. The estimate is in contrast to the year-ago figure of $317.18 million.
View all Key Company Metrics for Simon Property here>>>
Shares of Simon Property have demonstrated returns of -2.7% over the past month compared to the Zacks S&P 500 composite's +3.3% change. With a Zacks Rank #3 (Hold), SPG is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218643/seeking-clues-to-simon-property-spg-q4-earnings-a-peek-into-wall-street-projections-for-key-metrics?-a-peek-into-wall-street-projections-for-key-metrics
| 2024-01-31T16:50:57Z
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Analysts on Wall Street project that J&J Snack Foods (JJSF - Free Report) will announce quarterly earnings of $0.87 per share in its forthcoming report, representing an increase of 107.1% year over year. Revenues are projected to reach $363.54 million, increasing 3.5% from the same quarter last year.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This represents how the covering analysts, as a whole, have reassessed their initial estimates during this timeframe.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific J&J Snack Foods metrics that are routinely monitored and predicted by Wall Street analysts.
The collective assessment of analysts points to an estimated 'Revenues- Total Food Service' of $243.19 million. The estimate points to a change of +2.1% from the year-ago quarter.
Analysts forecast 'Revenues- Total Frozen Beverages' to reach $76.09 million. The estimate points to a change of +8.7% from the year-ago quarter.
The combined assessment of analysts suggests that 'Revenues- Total Retail Supermarket' will likely reach $45.55 million. The estimate suggests a change of +5.7% year over year.
View all Key Company Metrics for J&J Snack Foods here>>>
J&J Snack Foods shares have witnessed a change of -5% in the past month, in contrast to the Zacks S&P 500 composite's +3.3% move. With a Zacks Rank #3 (Hold), JJSF is expected closely follow the overall market performance in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218644/seeking-clues-to-jj-snack-foods-jjsf-q1-earnings-a-peek-into-wall-street-projections-for-key-metrics?-a-peek-into-wall-street-projections-for-key-metrics
| 2024-01-31T16:51:03Z
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Analysts on Wall Street project that CNA Financial (CNA - Free Report) will announce quarterly earnings of $1.04 per share in its forthcoming report, representing an increase of 3% year over year. Revenues are projected to reach $2.95 billion, increasing 7.5% from the same quarter last year.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted upward by 0.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Before a company announces its earnings, it is essential to take into account any changes made to earnings estimates. This is a valuable factor in predicting the potential reactions of investors toward the stock. Empirical research has consistently shown a strong correlation between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as a yardstick to evaluate the company's quarterly performance, scrutinizing analysts' projections for some of the company's key metrics can offer a more comprehensive perspective.
Given this perspective, it's time to examine the average forecasts of specific CNA Financial metrics that are routinely monitored and predicted by Wall Street analysts.
According to the collective judgment of analysts, 'Non-insurance warranty revenue' should come in at $439.04 million. The estimate suggests a change of +9.5% year over year.
Analysts forecast 'Net Earned Premiums' to reach $2.37 billion. The estimate indicates a change of +6.1% from the prior-year quarter.
Analysts predict that the 'Other Revenues' will reach $6.06 million. The estimate points to a change of -24.3% from the year-ago quarter.
Analysts' assessment points toward 'Net investment income' reaching $574.09 million. The estimate points to a change of +14.1% from the year-ago quarter.
The consensus among analysts is that 'Combined ratio-Total Property & Casualty' will reach 94.3%. Compared to the current estimate, the company reported 93.7% in the same quarter of the previous year.
The consensus estimate for 'Expense Ratio-Total Property & Casualty' stands at 31.3%. Compared to the current estimate, the company reported 31.1% in the same quarter of the previous year.
The collective assessment of analysts points to an estimated 'Loss & LAE ratio- Total Property & Casualty' of 62.7%. Compared to the present estimate, the company reported 62.4% in the same quarter last year.
View all Key Company Metrics for CNA Financial here>>>
Shares of CNA Financial have demonstrated returns of +3.6% over the past month compared to the Zacks S&P 500 composite's +3.3% change. With a Zacks Rank #1 (Strong Buy), CNA is expected to beat the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218645/curious-about-cna-financial-cna-q4-performance-explore-wall-street-estimates-for-key-metrics?-explore-wall-street-estimates-for-key-metrics
| 2024-01-31T16:51:09Z
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The upcoming report from McDonald's (MCD - Free Report) is expected to reveal quarterly earnings of $2.82 per share, indicating an increase of 8.9% compared to the year-ago period. Analysts forecast revenues of $6.47 billion, representing an increase of 9.2% year over year.
The current level reflects an upward revision of 0.2% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.
Prior to a company's earnings announcement, it is crucial to consider revisions to earnings estimates. This serves as a significant indicator for predicting potential investor actions regarding the stock. Empirical research has consistently demonstrated a robust correlation between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
With that in mind, let's delve into the average projections of some McDonald's metrics that are commonly tracked and projected by analysts on Wall Street.
Analysts predict that the 'Revenues- Total Franchised revenues' will reach $3.90 billion. The estimate points to a change of +6.9% from the year-ago quarter.
Analysts forecast 'Revenues- Total Company-operated sales' to reach $2.49 billion. The estimate suggests a change of +12.9% year over year.
The collective assessment of analysts points to an estimated 'Revenues- Total Other revenues' of $80.13 million. The estimate indicates a change of +9.6% from the prior-year quarter.
Based on the collective assessment of analysts, 'Revenues- Company-operated sales- International Developmental Licensed Markets & Corporate' should arrive at $194.34 million. The estimate points to a change of +11.2% from the year-ago quarter.
According to the collective judgment of analysts, 'Comparable sales growth - U.S. - YoY change' should come in at 4.3%. Compared to the current estimate, the company reported 10.3% in the same quarter of the previous year.
Analysts' assessment points toward 'Systemwide restaurants - Total Systemwide' reaching 41,738. Compared to the current estimate, the company reported 40,275 in the same quarter of the previous year.
The consensus among analysts is that 'Comparable sales growth - International Operated Markets - YoY change' will reach 4.6%. The estimate is in contrast to the year-ago figure of 12.6%.
The consensus estimate for 'Comparable sales growth - International Developmental Licensed Markets & Corporate - YoY change' stands at 4.5%. The estimate is in contrast to the year-ago figure of 16.5%.
Analysts expect 'Comparable sales growth - Total - YoY change' to come in at 4.5%. Compared to the current estimate, the company reported 12.6% in the same quarter of the previous year.
It is projected by analysts that the 'Systemwide restaurants - Total International Developmental Licensed Markets & Corporate' will reach 17,975. The estimate is in contrast to the year-ago figure of 16,728.
The combined assessment of analysts suggests that 'Systemwide restaurants - Total International Operated Markets' will likely reach 10,291. The estimate is in contrast to the year-ago figure of 10,103.
The average prediction of analysts places 'Systemwide restaurants - Total U.S.' at 13,471. Compared to the current estimate, the company reported 13,444 in the same quarter of the previous year.
View all Key Company Metrics for McDonald's here>>>
Shares of McDonald's have experienced a change of -0.8% in the past month compared to the +3.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), MCD is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218646/unveiling-mcdonalds-mcd-q4-outlook-wall-street-estimates-for-key-metrics
| 2024-01-31T16:51:15Z
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In its upcoming report, Estee Lauder (EL - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $0.55 per share, reflecting a decline of 64.3% compared to the same period last year. Revenues are forecasted to be $4.2 billion, representing a year-over-year decrease of 9.2%.
The consensus EPS estimate for the quarter has been revised 0.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during this timeframe.
Before a company reveals its earnings, it is vital to take into account any changes in earnings projections. These revisions play a pivotal role in predicting the possible reactions of investors toward the stock. Multiple empirical studies have consistently shown a strong association between trends in earnings estimates and the short-term price movements of a stock.
While investors usually depend on consensus earnings and revenue estimates to assess the business performance for the quarter, delving into analysts' forecasts for certain key metrics often provides a more comprehensive understanding.
In light of this perspective, let's dive into the average estimates of certain Estee Lauder metrics that are commonly tracked and forecasted by Wall Street analysts.
The combined assessment of analysts suggests that 'Net sales- Skin Care' will likely reach $2.14 billion. The estimate indicates a change of -10% from the prior-year quarter.
The average prediction of analysts places 'Net sales- Makeup' at $1.27 billion. The estimate suggests a change of +0.4% year over year.
The collective assessment of analysts points to an estimated 'Net sales- Other' of -$72.01 million. The estimate indicates a change of -614.4% from the prior-year quarter.
Based on the collective assessment of analysts, 'Net sales- Hair Care' should arrive at $181.73 million. The estimate indicates a year-over-year change of -0.2%.
Analysts' assessment points toward 'Net sales- Fragrance' reaching $782.99 million. The estimate points to a change of +1% from the year-ago quarter.
The consensus among analysts is that 'Net sales- The Americas' will reach $1.28 billion. The estimate suggests a change of +3.8% year over year.
Analysts expect 'Net sales- Europe the Middle East & Africa' to come in at $1.43 billion. The estimate indicates a year-over-year change of -21.5%.
Analysts predict that the 'Net sales- Asia/Pacific' will reach $1.48 billion. The estimate indicates a change of -5.8% from the prior-year quarter.
Analysts forecast 'Operating Income (Loss)- Fragrance' to reach $171.36 million. Compared to the current estimate, the company reported $177 million in the same quarter of the previous year.
The consensus estimate for 'Operating Income (Loss)- Hair Care' stands at $8.05 million. Compared to the current estimate, the company reported $5 million in the same quarter of the previous year.
According to the collective judgment of analysts, 'Operating Income (Loss)- Skin Care' should come in at $359.56 million. The estimate compares to the year-ago value of $421 million.
It is projected by analysts that the 'Operating income- Europe, the Middle East & Africa' will reach $183.65 million. The estimate compares to the year-ago value of $409 million.
View all Key Company Metrics for Estee Lauder here>>>
Shares of Estee Lauder have experienced a change of -7.8% in the past month compared to the +3.3% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), EL is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218647/insights-into-estee-lauder-el-q2-wall-street-projections-for-key-metrics
| 2024-01-31T16:51:22Z
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Have you been paying attention to shares of TE Connectivity (TEL - Free Report) ? Shares have been on the move with the stock up 4.5% over the past month. The stock hit a new 52-week high of $146.84 in the previous session. TE Connectivity has gained 3.4% since the start of the year compared to the 63.2% move for the Zacks Computer and Technology sector and the 20.6% return for the Zacks Electronics - Miscellaneous Components industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on January 24, 2024, TE Connectivity reported EPS of $1.84 versus consensus estimate of $1.72 while it missed the consensus revenue estimate by 1.44%.
For the current fiscal year, TE Connectivity is expected to post earnings of $7.51 per share on $16.12 billion in revenues. This represents a 11.42% change in EPS on a 0.57% change in revenues. For the next fiscal year, the company is expected to earn $8.23 per share on $17.06 billion in revenues. This represents a year-over-year change of 9.51% and 5.81%, respectively.
Valuation Metrics
TE Connectivity may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
TE Connectivity has a Value Score of B. The stock's Growth and Momentum Scores are C and A, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 19.3X current fiscal year EPS estimates, which is not in-line with the peer industry average of 20.8X. On a trailing cash flow basis, the stock currently trades at 15.6X versus its peer group's average of 12.8X. Additionally, the stock has a PEG ratio of 2.09. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, TE Connectivity currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if TE Connectivity passes the test. Thus, it seems as though TE Connectivity shares could still be poised for more gains ahead.
How Does TEL Stack Up to the Competition?
Shares of TEL have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is OSI Systems, Inc. (OSIS - Free Report) . OSIS has a Zacks Rank of # 2 (Buy) and a Value Score of A, a Growth Score of A, and a Momentum Score of C.
Earnings were strong last quarter. OSI Systems, Inc. beat our consensus estimate by 27.01%, and for the current fiscal year, OSIS is expected to post earnings of $8.03 per share on revenue of $1.52 billion.
Shares of OSI Systems, Inc. have gained 1.4% over the past month, and currently trade at a forward P/E of 16.28X and a P/CF of 15.04X.
The Electronics - Miscellaneous Components industry is in the top 35% of all the industries we have in our universe, so it looks like there are some nice tailwinds for TEL and OSIS, even beyond their own solid fundamental situation.
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https://www.zacks.com/stock/news/2218648/te-connectivity-ltd-tel-soars-to-52-week-high-time-to-cash-out?
| 2024-01-31T16:51:28Z
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Shares of Amphenol (APH - Free Report) have been strong performers lately, with the stock up 6.1% over the past month. The stock hit a new 52-week high of $103.07 in the previous session. Amphenol has gained 3.7% since the start of the year compared to the 63.2% move for the Zacks Computer and Technology sector and the 33.1% return for the Zacks Electronics - Connectors industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on January 24, 2024, Amphenol reported EPS of $0.82 versus consensus estimate of $0.77 while it beat the consensus revenue estimate by 5.89%.
For the current fiscal year, Amphenol is expected to post earnings of $3.25 per share on $13.15 billion in revenues. This represents a 7.97% change in EPS on a 4.71% change in revenues. For the next fiscal year, the company is expected to earn $3.59 per share on $14.03 billion in revenues. This represents a year-over-year change of 10.21% and 6.71%, respectively.
Valuation Metrics
Amphenol may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Amphenol has a Value Score of C. The stock's Growth and Momentum Scores are B and A, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 31.6X current fiscal year EPS estimates, which is not in-line with the peer industry average of 55.7X. On a trailing cash flow basis, the stock currently trades at 27X versus its peer group's average of 6.3X. Additionally, the stock has a PEG ratio of 3.64. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Amphenol currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Amphenol meets the list of requirements. Thus, it seems as though Amphenol shares could still be poised for more gains ahead.
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https://www.zacks.com/stock/news/2218649/amphenol-corporation-aph-hit-a-52-week-high-can-the-run-continue?
| 2024-01-31T16:51:34Z
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Have you been paying attention to shares of The Bank of New York Mellon Corporation (BK - Free Report) ? Shares have been on the move with the stock up 7% over the past month. The stock hit a new 52-week high of $56.25 in the previous session. The Bank of New York Mellon Corporation has gained 7.7% since the start of the year compared to the 20.2% move for the Zacks Finance sector and the 18.8% return for the Zacks Banks - Major Regional industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on January 12, 2024, The Bank of New York Mellon Corporation reported EPS of $1.28 versus consensus estimate of $1.12 while it beat the consensus revenue estimate by 0.42%.
For the current fiscal year, The Bank of New York Mellon Corporation is expected to post earnings of $5.16 per share on $17.63 billion in revenues. This represents a 2.18% change in EPS on a 0.75% change in revenues. For the next fiscal year, the company is expected to earn $5.82 per share on $18.16 billion in revenues. This represents a year-over-year change of 12.77% and 2.96%, respectively.
Valuation Metrics
The Bank of New York Mellon Corporation may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
The Bank of New York Mellon Corporation has a Value Score of B. The stock's Growth and Momentum Scores are C and B, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 10.9X current fiscal year EPS estimates, which is not in-line with the peer industry average of 10.9X. On a trailing cash flow basis, the stock currently trades at 10.1X versus its peer group's average of 8.4X. Additionally, the stock has a PEG ratio of 1.17. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, The Bank of New York Mellon Corporation currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if The Bank of New York Mellon Corporation passes the test. Thus, it seems as though The Bank of New York Mellon Corporation shares could have a bit more room to run in the near term.
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https://www.zacks.com/stock/news/2218650/the-bank-of-new-york-mellon-corporation-bk-hits-fresh-high-is-there-still-room-to-run?
| 2024-01-31T16:51:40Z
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Shares of Woodward (WWD - Free Report) have been strong performers lately, with the stock up 4.8% over the past month. The stock hit a new 52-week high of $150 in the previous session. Woodward has gained 3.9% since the start of the year compared to the 63.2% move for the Zacks Computer and Technology sector and the 29.7% return for the Zacks Instruments - Control industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on January 29, 2024, Woodward reported EPS of $1.45 versus consensus estimate of $1.1.
For the current fiscal year, Woodward is expected to post earnings of $5.07 per share on $3.22 billion in revenues. This represents a 20.43% change in EPS on a 10.37% change in revenues. For the next fiscal year, the company is expected to earn $5.75 per share on $3.37 billion in revenues. This represents a year-over-year change of 13.53% and 4.75%, respectively.
Valuation Metrics
Woodward may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Woodward has a Value Score of C. The stock's Growth and Momentum Scores are A and A, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 27.9X current fiscal year EPS estimates, which is a premium to the peer industry average of 26.2X. On a trailing cash flow basis, the stock currently trades at 22.6X versus its peer group's average of 23.5X. Additionally, the stock has a PEG ratio of 1.82. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Woodward currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Woodward passes the test. Thus, it seems as though Woodward shares could have potential in the weeks and months to come.
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https://www.zacks.com/stock/news/2218651/woodward-inc-wwd-soars-to-52-week-high-time-to-cash-out?
| 2024-01-31T16:51:47Z
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Shares of FirstCash Holdings (FCFS - Free Report) have been strong performers lately, with the stock up 9.9% over the past month. The stock hit a new 52-week high of $117.67 in the previous session. FirstCash Holdings has gained 8.5% since the start of the year compared to the 24.6% move for the Zacks Business Services sector and the 27.9% return for the Zacks Financial Transaction Services industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 26, 2023, FirstCash reported EPS of $1.56 versus consensus estimate of $1.4.
For the current fiscal year, FirstCash is expected to post earnings of $7.15 per share on $3.16 billion in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $7.95 per share on $3.4 billion in revenues. This represents a year-over-year change of 21.6% and 7.76%, respectively.
Valuation Metrics
FirstCash may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
FirstCash has a Value Score of A. The stock's Growth and Momentum Scores are B and D, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 16.4X current fiscal year EPS estimates, which is a premium to the peer industry average of 13.2X. On a trailing cash flow basis, the stock currently trades at 7.3X versus its peer group's average of 8.7X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, FirstCash currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if FirstCash passes the test. Thus, it seems as though FirstCash shares could have a bit more room to run in the near term.
How Does FCFS Stack Up to the Competition?
Shares of FCFS have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is PagSeguro Digital Ltd. (PAGS - Free Report) . PAGS has a Zacks Rank of # 1 (Strong Buy) and a Value Score of A, a Growth Score of C, and a Momentum Score of D.
Earnings were strong last quarter. PagSeguro Digital Ltd. beat our consensus estimate by 7.69%, and for the current fiscal year, PAGS is expected to post earnings of $1.21 per share on revenue of $3.07 billion.
Shares of PagSeguro Digital Ltd. have gained 8.6% over the past month, and currently trade at a forward P/E of 10.9X and a P/CF of 8.3X.
The Financial Transaction Services industry is in the top 43% of all the industries we have in our universe, so it looks like there are some nice tailwinds for FCFS and PAGS, even beyond their own solid fundamental situation.
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https://www.zacks.com/stock/news/2218652/firstcash-holdings-inc-fcfs-hit-a-52-week-high-can-the-run-continue?
| 2024-01-31T16:51:53Z
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Shares of Parker-Hannifin (PH - Free Report) have been strong performers lately, with the stock up 4.2% over the past month. The stock hit a new 52-week high of $479.14 in the previous session. Parker-Hannifin has gained 3.7% since the start of the year compared to the 16.8% move for the Zacks Industrial Products sector and the 24.8% return for the Zacks Manufacturing - General Industrial industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on November 2, 2023, Parker-Hannifin reported EPS of $5.96 versus consensus estimate of $5.33.
For the current fiscal year, Parker-Hannifin is expected to post earnings of $23.24 per share on $19.98 billion in revenues. This represents a 7.84% change in EPS on a 4.8% change in revenues. For the next fiscal year, the company is expected to earn $25.28 per share on $20.67 billion in revenues. This represents a year-over-year change of 8.77% and 3.47%, respectively.
Valuation Metrics
Parker-Hannifin may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Parker-Hannifin has a Value Score of C. The stock's Growth and Momentum Scores are B and A, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 20.6X current fiscal year EPS estimates, which is not in-line with the peer industry average of 20.8X. On a trailing cash flow basis, the stock currently trades at 17X versus its peer group's average of 14.2X. Additionally, the stock has a PEG ratio of 1.94. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Parker-Hannifin currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Parker-Hannifin meets the list of requirements. Thus, it seems as though Parker-Hannifin shares could have potential in the weeks and months to come.
How Does PH Stack Up to the Competition?
Shares of PH have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Flowserve Corporation (FLS - Free Report) . FLS has a Zacks Rank of # 2 (Buy) and a Value Score of B, a Growth Score of C, and a Momentum Score of C.
Earnings were strong last quarter. Flowserve Corporation beat our consensus estimate by 21.95%, and for the current fiscal year, FLS is expected to post earnings of $2.54 per share on revenue of $4.29 billion.
Shares of Flowserve Corporation have gained 1.1% over the past month, and currently trade at a forward P/E of 16.12X and a P/CF of 22.75X.
The Manufacturing - General Industrial industry is in the top 29% of all the industries we have in our universe, so it looks like there are some nice tailwinds for PH and FLS, even beyond their own solid fundamental situation.
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https://www.zacks.com/stock/news/2218653/parker-hannifin-corporation-ph-hit-a-52-week-high-can-the-run-continue?
| 2024-01-31T16:51:59Z
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Have you been paying attention to shares of Universal Health Services (UHS - Free Report) ? Shares have been on the move with the stock up 1.6% over the past month. The stock hit a new 52-week high of $161.2 in the previous session. Universal Health Services has gained 4.3% since the start of the year compared to the -0.3% move for the Zacks Medical sector and the 23.3% return for the Zacks Medical - Hospital industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 25, 2023, Universal Health Services reported EPS of $2.55 versus consensus estimate of $2.34.
For the current fiscal year, Universal Health Services is expected to post earnings of $11.95 per share on $14.24 billion in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $12.99 per share on $14.88 billion in revenues. This represents a year-over-year change of 15.46% and 4.46%, respectively.
Valuation Metrics
Universal Health Services may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Universal Health Services has a Value Score of A. The stock's Growth and Momentum Scores are C and B, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 13.3X current fiscal year EPS estimates, which is not in-line with the peer industry average of 15.4X. On a trailing cash flow basis, the stock currently trades at 8.6X versus its peer group's average of 9.1X. Additionally, the stock has a PEG ratio of 1.37. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Universal Health Services currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Universal Health Services passes the test. Thus, it seems as though Universal Health Services shares could have a bit more room to run in the near term.
How Does UHS Stack Up to the Competition?
Shares of UHS have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is HCA Healthcare, Inc. (HCA - Free Report) . HCA has a Zacks Rank of # 2 (Buy) and a Value Score of A, a Growth Score of A, and a Momentum Score of A.
Earnings were strong last quarter. HCA Healthcare, Inc. beat our consensus estimate by 16.83%, and for the current fiscal year, HCA is expected to post earnings of $19.54 per share on revenue of $68.36 billion.
Shares of HCA Healthcare, Inc. have gained 9.5% over the past month, and currently trade at a forward P/E of 15.43X and a P/CF of 9.65X.
The Medical - Hospital industry is in the top 13% of all the industries we have in our universe, so it looks like there are some nice tailwinds for UHS and HCA, even beyond their own solid fundamental situation.
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https://www.zacks.com/stock/news/2218654/universal-health-services-inc-uhs-hit-a-52-week-high-can-the-run-continue?
| 2024-01-31T16:52:05Z
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Have you been paying attention to shares of Fortune Brands Innovations (FBIN - Free Report) ? Shares have been on the move with the stock up 7% over the past month. The stock hit a new 52-week high of $80.91 in the previous session. Fortune Brands Innovations has gained 6.1% since the start of the year compared to the 29.7% move for the Zacks Retail-Wholesale sector and the 52.2% return for the Zacks Retail - Home Furnishings industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on January 30, 2024, Fortune Brands Innovations reported EPS of $0.95 versus consensus estimate of $0.93 while it missed the consensus revenue estimate by 1.86%.
For the current fiscal year, Fortune Brands Innovations is expected to post earnings of $4.22 per share on $4.89 billion in revenues. This represents a 7.93% change in EPS on a 5.8% change in revenues. For the next fiscal year, the company is expected to earn $4.91 per share on $5.15 billion in revenues. This represents a year-over-year change of 16.34% and 5.29%, respectively.
Valuation Metrics
Fortune Brands Innovations may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Fortune Brands Innovations has a Value Score of B. The stock's Growth and Momentum Scores are B and D, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 19.2X current fiscal year EPS estimates, which is a premium to the peer industry average of 14.8X. On a trailing cash flow basis, the stock currently trades at 13.8X versus its peer group's average of 7.9X. Additionally, the stock has a PEG ratio of 3.34. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Fortune Brands Innovations currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Fortune Brands Innovations fits the bill. Thus, it seems as though Fortune Brands Innovations shares could still be poised for more gains ahead.
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https://www.zacks.com/stock/news/2218655/fortune-brands-innovations-inc-fbin-hits-fresh-high-is-there-still-room-to-run?
| 2024-01-31T16:52:12Z
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Shares of Oshkosh (OSK - Free Report) have been strong performers lately, with the stock up 6.2% over the past month. The stock hit a new 52-week high of $115.63 in the previous session. Oshkosh has gained 5.1% since the start of the year compared to the 22.4% move for the Zacks Auto-Tires-Trucks sector and the 0.8% return for the Zacks Automotive - Original Equipment industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on January 30, 2024, Oshkosh reported EPS of $2.56 versus consensus estimate of $2.17 while it missed the consensus revenue estimate by 0.04%.
For the current fiscal year, Oshkosh is expected to post earnings of $10.30 per share on $10.09 billion in revenues. This represents a 3.21% change in EPS on a 4.42% change in revenues. For the next fiscal year, the company is expected to earn $10.89 per share on $10.1 billion in revenues. This represents a year-over-year change of 5.72% and 0.15%, respectively.
Valuation Metrics
Oshkosh may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Oshkosh has a Value Score of A. The stock's Growth and Momentum Scores are B and F, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 11.1X current fiscal year EPS estimates, which is not in-line with the peer industry average of 11.7X. On a trailing cash flow basis, the stock currently trades at 9.1X versus its peer group's average of 7.2X. Additionally, the stock has a PEG ratio of 0.23. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Oshkosh currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Oshkosh passes the test. Thus, it seems as though Oshkosh shares could have potential in the weeks and months to come.
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https://www.zacks.com/stock/news/2218656/oshkosh-corporation-osk-soars-to-52-week-high-time-to-cash-out?
| 2024-01-31T16:52:18Z
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Have you been paying attention to shares of Independent Bank (IBCP - Free Report) ? Shares have been on the move with the stock up 4.9% over the past month. The stock hit a new 52-week high of $27.39 in the previous session. Independent Bank has gained 3.8% since the start of the year compared to the 20.2% move for the Zacks Finance sector and the -3.2% return for the Zacks Banks - Midwest industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on January 25, 2024, Independent Bank reported EPS of $0.79 versus consensus estimate of $0.71.
For the current fiscal year, Independent Bank is expected to post earnings of $2.89 per share on $214.8 million in revenues. This represents a -1.37% change in EPS on a 3.77% change in revenues. For the next fiscal year, the company is expected to earn $2.76 per share on $223.2 million in revenues. This represents a year-over-year change of -4.5% and 3.91%, respectively.
Valuation Metrics
Independent Bank may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.
Independent Bank has a Value Score of B. The stock's Growth and Momentum Scores are C and A, respectively, giving the company a VGM Score of B.
In terms of its value breakdown, the stock currently trades at 9.3X current fiscal year EPS estimates, which is not in-line with the peer industry average of 10.2X. On a trailing cash flow basis, the stock currently trades at 7.7X versus its peer group's average of 7.7X. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, Independent Bank currently has a Zacks Rank of #1 (Strong Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Independent Bank passes the test. Thus, it seems as though Independent Bank shares could have potential in the weeks and months to come.
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https://www.zacks.com/stock/news/2218657/independent-bank-corporation-ibcp-hit-a-52-week-high-can-the-run-continue?
| 2024-01-31T16:52:24Z
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Shares of Allison Transmission (ALSN - Free Report) have been strong performers lately, with the stock up 7.8% over the past month. The stock hit a new 52-week high of $61.76 in the previous session. Allison Transmission has gained 5.6% since the start of the year compared to the 22.4% move for the Zacks Auto-Tires-Trucks sector and the 0.8% return for the Zacks Automotive - Original Equipment industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on October 25, 2023, Allison Transmission reported EPS of $1.76 versus consensus estimate of $1.72.
For the current fiscal year, Allison Transmission is expected to post earnings of $7.03 per share on $3.02 billion in revenues. Meanwhile, for the next fiscal year, the company is expected to earn $7.62 per share on $3.03 billion in revenues. This represents a year-over-year change of 1.32% and 0.54%, respectively.
Valuation Metrics
Allison Transmission may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company has run ahead of itself.
On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. The idea behind the style scores is to help investors pick the most appropriate Zacks Rank stocks based on their individual investment style.
Allison Transmission has a Value Score of A. The stock's Growth and Momentum Scores are B and D, respectively, giving the company a VGM Score of A.
In terms of its value breakdown, the stock currently trades at 8.7X current fiscal year EPS estimates, which is not in-line with the peer industry average of 11.7X. On a trailing cash flow basis, the stock currently trades at 8.2X versus its peer group's average of 7.2X. Additionally, the stock has a PEG ratio of 1.25. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.
Zacks Rank
We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Allison Transmission currently has a Zacks Rank of #2 (Buy) thanks to favorable earnings estimate revisions from covering analysts.
Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Allison Transmission fits the bill. Thus, it seems as though Allison Transmission shares could still be poised for more gains ahead.
How Does ALSN Stack Up to the Competition?
Shares of ALSN have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Gentex Corporation (GNTX - Free Report) . GNTX has a Zacks Rank of # 2 (Buy) and a Value Score of B, a Growth Score of C, and a Momentum Score of D.
Earnings were strong last quarter. Gentex Corporation beat our consensus estimate by 13.64%, and for the current fiscal year, GNTX is expected to post earnings of $2.16 per share on revenue of $2.51 billion.
Shares of Gentex Corporation have gained 4.1% over the past month, and currently trade at a forward P/E of 15.57X and a P/CF of 19X.
The Automotive - Original Equipment industry may rank in the bottom 59% of all the industries we have in our universe, but there still looks like there are some nice tailwinds for ALSN and GNTX, even beyond their own solid fundamental situation.
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https://www.zacks.com/stock/news/2218658/allison-transmission-holdings-inc-alsn-hit-a-52-week-high-can-the-run-continue?
| 2024-01-31T16:52:30Z
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Novo Nordisk A/S (NVO - Free Report) reported fourth-quarter 2023 earnings of 71 cents per American Depositary Receipt (ADR), which surpassed the Zacks Consensus Estimate of 66 cents. The company had reported earnings of 41 cents per ADR in the year-ago quarter.
Revenues of $9.51 billion increased 37% in Danish kroner (DKK) and were up 43% at constant exchange rate (CER) in the reported quarter. Total revenues also beat the Zacks Consensus Estimate of $9.14 billion. The year-over-year increase in revenues was driven by higher Diabetes and Obesity Care sales as GLP-1 product sales increased year over year, partially offset by decreasing insulin and Rare disease sales.
Shares of Novo Nordisk have rallied 56.8% in the past year compared with the industry’s growth of 20%.
Image Source: Zacks Investment Research
All growth rates mentioned below are on a year-over-year basis and at CER.
Quarter in Detail
Novo Nordisk operates under two segments: Diabetes and Obesity Care and Rare disease.
The Diabetes and Obesity Care segment’s sales reported DKK 61.3 billion in fourth-quarter 2023, which represents growth of 48%. In Diabetes Care, fast-acting insulin, Fiasp’s revenues were up 31%. NovoRapid revenues declined 14%. Human insulin revenues decreased 14%. Premix insulin (Ryzodeg and NovoMix) revenues increased 10%. Also, sales of long-acting insulins (Tresiba, Xultophy and Levemir) were flat in the reported quarter.
Ozempic, which has witnessed a strong launch and solid uptake so far, recorded sales of DKK 30.1 billion for the quarter, up 85%. Rybelsus, too, witnessed a strong uptake and recorded sales of DKK 5.9 billion for the quarter, up 51%. However, Victoza sales of DKK 1.8 billion declined 45% during the reported quarter.
Obesity Care (Saxenda and Wegovy) sales were up 114% year over year. Wegovy sales skyrocketed to DKK 9.6 billion during the fourth quarter, as a second contract manufacturer for Wegovy initiated production in April 2023 to meet the increasing demand for the drug.
Sales in the Rare disease segment were down 5% to DKK 4.6 billion in the fourth quarter of 2023. Sales of rare blood disorder products were DKK 2.9 billion, up 4%. Sales of hemophilia A products decreased by 19%. Hemophilia B products’ sales were, however, up 50%. Sales of NovoSeven increased 6% to DKK 2 billion.
Sales and distribution costs climbed 25% in DKK and increased 29% at CER year over year in the reported quarter. This increase was due to North American and International promotional activities related to Ozempic and Rybelsus, as well as Obesity care market development activities, partially offset by adjustments to legal provisions.
Research and development costs were up 29% in DKK and increased 32% at CER from the year-ago quarter’s figures. Higher costs were driven by clinical activity for late-stage studies and increased research activities, partially offset by expenses averted following the termination of the development of belcesiran.
Administrative costs increased 8% in DKK and were up 11% at CER from the year-ago quarter’s figures.
2023 Results
Sales for the year were $33.69 billion, representing growth of 36% at CER from the year-ago quarter’s figures. The total sales figure beat the Zacks Consensus Estimate of $33.44 billion.
For the full year, Novo Nordisk reported earnings of $2.7 per ADR, surpassing the Zacks Consensus Estimate of $2.67.
2024 Outlook
Novo Nordisk expects its sales to grow in the range of 18-26% at CER in 2024. Operating profit, on the other hand, is expected to grow in the band of 21-29% at CER. The guidance indicates steady sales growth in North America and International Operations, primarily driven by the volume growth of GLP-1-based Diabetes and Obesity care products.
Novo Nordisk has high expectations from this segment, especially from Ozempic in the U.S. market and Wegovy in the obesity care market, post its relaunch. However, the company remains concerned about Wegovy’s limited roll-out in international markets and continues to expect periodic supply constraints.
In the United States, the company recently started gradually increasing the supply of the lower dose strengths of Wegovy to meet demand.
Our Take
Novo Nordisk’s earnings and revenues beat estimates in the fourth quarter of 2023 on the back of higher Diabetes and Obesity care sales. Ozempic and Rybelsus have experienced great traction in the market since launch and are expected to drive growth in the upcoming quarters as well. Wegovy, too, has been witnessing robust uptake so far, contributing significantly to the top line.
NVO continues to expand its supply capacity for Wegovy, post its relaunch in the United States as well as in other geographies. The increasing demand trend for the drug is encouraging and expected to fuel higher revenue incomes in the upcoming quarters.
Zacks Rank and Other Stocks to Consider
Novo Nordisk currently sports a Zacks Rank #1 (Strong Buy).
Some other top-ranked stocks from the drug/biotech industry worth mentioning are Puma Biotechnology, Inc. (PBYI - Free Report) , ADMA Biologics (ADMA - Free Report) and Journey Medical (DERM - Free Report) , each sporting a Zacks Rank #1 at present. You can see the complete list of today’s Zacks #1 Rank stocks here.
In the past 30 days, the Zacks Consensus Estimate for Puma Biotech’s 2023 earnings per share (EPS) has remained constant at 73 cents. During the same time frame, the consensus estimate for Puma Biotech’s 2024 EPS has remained constant at 69 cents. Over the past year, shares of PBYI have gained 9.5%.
PBYI beat estimates in three of the last four quarters while missing on one occasion, delivering a four-quarter average earnings surprise of 76.55%.
In the past 30 days, the Zacks Consensus Estimate for ADMA Biologics’ 2023 loss per share has remained constant at 2 cents. The consensus estimate for ADMA Biologics’ 2024 EPS is pegged at 22 cents. Over the past year, shares of ADMA have rallied 41.9%.
ADMA beat estimates in three of the trailing four quarters and matched in one, delivering an average earnings surprise of 63.57%.
In the past 30 days, the Zacks Consensus Estimate for Journey Medical’s 2023 loss per share has remained constant at 16 cents. During the same period, the consensus estimate for Journey Medical’s 2024 loss per share has remained constant at 69 cents. Over the past year, shares of DERM have skyrocketed 117.9%.
DERM beat estimates in one of the trailing four quarters and missed on the other three occasions, delivering an average earnings surprise of 118.25%.
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https://www.zacks.com/stock/news/2218660/novo-nordisk-nvo-q4-earnings-top-glp-1-drugs-boost-sales
| 2024-01-31T16:52:37Z
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WaFd, Inc. (WAFD - Free Report) is on track to merge with Luther Burbank Corporation (LBC - Free Report) after some delay in getting the final approvals. The merger, slated to be completed by Feb 29, has received the green light from regulatory authorities.
The deal, announced on Nov 13, 2022, garnered regulatory approvals from the Federal Deposit Insurance Corporation, the Washington State Department of Financial Institutions and the Board of Governors of the Federal Reserve System. Upon closure, this move will extend WaFd’s reach to nine western states, incorporating 10 California branches from Luther Burbank.
Brent Beardall, president, and CEO of WaFd Bank, stated, "The more we have worked with the Luther Burbank team, the more convinced we are our combined bank will create significant opportunities for current and future customers and shareholders."
Two directors from Luther Burbank, Brad Shuster and Max Yzaguirre, are set to join the board of WaFd following the completion of the merger, bringing their wealth of knowledge and industry experience to the table.
The integration process is expected to be swift, with system and brand integration targeted for completion in the first week of March 2024, ensuring Luther Burbank customers can seamlessly access the WAFD platform and its offerings.
The merger, initially set for closure on Nov 30, 2023, was extended to Feb 29, 2024, emphasizing the commitment of both parties to the deal. Shareholders of Luther Burbank and WaFd approved the merger agreement on May 4, 2023, and conditional approval was granted by the Washington State Department of Financial Institutions on Oct 13, 2023.
Under the terms of the all-stock deal, LBC shareholders will receive 0.3353 shares of WaFd common stock for each Luther Burbank common stock share. The financial implications include one-time pre-tax merger-related charges of $37 million for WaFd, with projected cost savings of 25% of Luther Burbank's 2023 non-interest expenses.
With an anticipated 7.9% accretion to WaFd's earnings per share and robust capital ratios post-closure, this strategic deal will position the company as a force to be reckoned with in the western region, boasting a broader range of technology-enabled financial solutions and an expanded regional footprint.
Since the announcement of the deal, shares of WAFD and LBC have lost 19.5% and 18.7%, respectively.
Image Source: Zacks Investment Research
Currently, WAFD carries a Zacks Rank #4 (Sell).
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Acquisition by a Peer
Last week, Webster Financial Corporation (WBS - Free Report) completed the acquisition of Ametros Financial Corp, to broaden its financial services portfolio. Ametros, one of the country’s largest professional administrators of medical insurance claim settlements, will maintain its operations under the Ametros and CareGuard brands.
This acquisition positions WBS to tap into Ametros' rapidly growing source of low-cost, long-duration deposits. The addition of Ametros to Webster's offerings not only enhances its deposit diversity but also introduces a new stream of non-interest income. With plans for a full integration during the first quarter of 2024, this move reinforces the company’s commitment to strategic expansions.
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/2218662/wafd-wafd-luther-burbank-lbc-merger-gets-regulatory-nod
| 2024-01-31T16:52:43Z
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Investors are always looking for stocks that are poised to beat at earnings season and Meta Platforms, Inc. (META - 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 Meta Platforms 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 META in this report.
In fact, the Most Accurate Estimate for the current quarter is currently at $4.86 per share for META, compared to a broader Zacks Consensus Estimate of $4.83 per share. This suggests that analysts have very recently bumped up their estimates for META, giving the stock a Zacks Earnings ESP of +0.79% 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 META 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 Meta Platforms, and that a beat might be in the cards for the upcoming report.
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https://www.zacks.com/stock/news/2218663/is-a-surprise-coming-for-meta-platforms-meta-this-earnings-season?
| 2024-01-31T16:52:49Z
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At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.18% per year. These returns cover a period from January 1, 1988 through January 1, 2024. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month. Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations.
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https://www.zacks.com/stock/news/2218677/company-news-for-jan-31-2024
| 2024-01-31T16:52:55Z
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A downtrend has been apparent in PDD Holdings Inc. (PDD - Free Report) lately with too much selling pressure. The stock has declined 14% over the past four weeks. However, given the fact that it is now in oversold territory and Wall Street analysts are majorly in agreement about the company's ability to report better earnings than they predicted earlier, the stock could be due for a turnaround.
How to Determine if a Stock is Oversold
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
Why PDD Could Bounce Back Before Long
The heavy selling of PDD shares appears to be in the process of exhausting itself, as indicated by its RSI reading of 22.9. So, the trend for the stock could reverse soon for reaching the old equilibrium of supply and demand.
This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering PDD in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 0.2% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, PDD currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218678/down--1398-in-4-weeks-heres-why-you-should-you-buy-the-dip-in-pdd-holdings-inc-pdd
| 2024-01-31T16:53:02Z
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NIO Inc. (NIO - Free Report) has been beaten down lately with too much selling pressure. While the stock has lost 31.2% over the past four weeks, there is light at the end of the tunnel as it is now in oversold territory and Wall Street analysts expect the company to report better earnings than they predicted earlier.
How to Determine if a Stock is Oversold
We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator that measures the speed and change of price movements.
RSI oscillates between zero and 100. Usually, a stock is considered oversold when its RSI reading falls below 30.
Technically, every stock oscillates between being overbought and oversold irrespective of the quality of their fundamentals. And the beauty of RSI is that it helps you quickly and easily check if a stock's price is reaching a point of reversal.
So, by this measure, if a stock has gotten too far below its fair value just because of unwarranted selling pressure, investors may start looking for entry opportunities in the stock for benefitting from the inevitable rebound.
However, like every investing tool, RSI has its limitations, and should not be used alone for making an investment decision.
Why NIO Could Bounce Back Before Long
The RSI reading of 27.32 for NIO is an indication that the heavy selling could be in the process of exhausting itself, so the stock could bounce back in a quest for reaching the old equilibrium of supply and demand.
This technical indicator is not the only factor that calls for a potential rebound for the stock. There is a fundamental indicator as well. A strong agreement among sell-side analysts covering NIO in raising earnings estimates for the current year has led to an increase in the consensus EPS estimate by 18.6% over the last 30 days. And an upward trend in earnings estimate revisions usually translates into price appreciation in the near term.
Moreover, NIO currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. This is a more conclusive indication of the stock's potential turnaround in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
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https://www.zacks.com/stock/news/2218679/down--3124-in-4-weeks-heres-why-you-should-you-buy-the-dip-in-nio-inc-nio
| 2024-01-31T16:53:08Z
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After reaching an important support level, Sysco (SYY - Free Report) could be a good stock pick from a technical perspective. SYY surpassed resistance at the 20-day moving average, suggesting a short-term bullish trend.
The 20-day simple moving average is a popular trading tool. It provides a look back at a stock's price over a 20-day period, and is beneficial to short-term traders since it smooths out price fluctuations and provides more trend reversal signals than longer-term moving averages.
The 20-day moving average can show signals that are similar to other SMAs as well. If a stock's price is moving above the 20-day, the trend is considered positive. When the price falls below the moving average, it can signal a downward trend.
SYY has rallied 8.6% over the past four weeks, and the company is a Zacks Rank #2 (Buy) at the moment. This combination suggests SYY could be on the verge of another move higher.
The bullish case solidifies once investors consider SYY's positive earnings estimate revisions. No estimate has gone lower in the past two months for the current fiscal year, compared to 3 higher, while the consensus estimate has increased too.
Investors may want to watch SYY for more gains in the near future given the company's key technical level and positive earnings estimate revisions.
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https://www.zacks.com/stock/news/2218680/sysco-syy-recently-broke-out-above-the-20-day-moving-average
| 2024-01-31T16:53:14Z
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U.S. stocks ended mixed on Tuesday as investors looked forward to a batch of high-profile corporate earnings and Federal Reserve officials congregated for the two-day monetary policy meeting, while economic data pointed at the underlying strength of the nation’s economy. The S&P 500 ended nearly flat, while the Nasdaq closed in the red. The Dow finished in positive territory.
How Did The Benchmarks Perform?
The Dow Jones Industrial Average (DJI) gained 0.4% or 133.86 points to close at 38,467.31 points, registering its seventh record close in 2024.
The S&P 500 fell less than 0.1% or 2.96 points, to finish at 4,924.97 points. Financial and energy stocks were the biggest gainers.
The Financials Select Sector SPDR (XLF) rose 1.3%, while the Energy Select Sector SPDR (XLE) advanced 1%. The Technology Select Sector SPDR (XLK) lost 0.8%, while the Real Estate Select Sector SPDR (XLRE) gave up 0.9%. Six of the 11 sectors of the benchmark index ended in positive territory.
The tech-heavy Nasdaq slid 0.8% or 118.15 points to end at 15,509.90 points.
The fear-gauge CBOE Volatility Index (VIX) was down 2.13 % to 13.31. A total of 10.3 billion shares were traded on Tuesday, lower than the last 20-session average of 11.5 billion.
Investors Look Forward to Fed’s Meeting
The Wall Street rally somewhat slowed as investors shifted focus toward the Federal Open Market Committee’s two-day meeting that started on Tuesday. Investors expect the Federal Reserve will keep its benchmark policy rate unchanged as inflation continues to show signs of easing.
Instead, market participants are expecting a change in the policy statement that will close out the meeting.
The corporate earnings season is also fast gathering steam and investors are keeping a close watch on megacap companies that have already started reporting their quarterly results. On Tuesday, shares of General Motors Company ((GM - Free Report) ) jumped 7.8% after the automaker reported robust quarterly results.
General Motors reported fourth-quarter 2023 adjusted earnings of $1.24 per share, which outpaced the Zacks Consensus Estimate of $1.12 per share. General Motors has a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
However, shares of United Parcel Service, Inc. ((UPS - Free Report) ) plummeted 8.2% after the company gave a weak annual revenue forecast.
A large number of big tech companies are scheduled to report quarterly results this week. However, investors are waiting for the Federal Reserve’s decision followed by the all-important press conference, which will give them a clear picture of the economy’s future.
Robust Economic Data Boosts Investors’ Sentiment
Economic data released on Tuesday showed that job openings rose to 9.03 million in December from an upwardly revised 8.9 million in November, the Labor Department reported. Also, the number of resignations or quitting workers fell by 132,000 to its lowest level since 2021. Layoff increased by 85,000 in December.
Also, the consumer confidence level hit a two-year high in January. The consumer confidence index rose to 114.8 in January from 108 in December, to hit its highest level since December 2021.
In other economic data released on Tuesday, home prices fell in November. According to the S&P Corelogic Case-Shiller Index, the 20-city composite index rose 5.4% year over year. On a month-over-month basis, the index rose 0.1% in November. The 10-city and composite indexes rose 0.2% both month over month and year over year.
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https://www.zacks.com/stock/news/2218681/stock-market-news-for-jan-31-2024
| 2024-01-31T16:53:20Z
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For the quarter ended December 2023, Aptiv PLC (APTV - Free Report) reported revenue of $4.92 billion, up 6% over the same period last year. EPS came in at $1.40, compared to $1.27 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $4.95 billion, representing a surprise of -0.54%. The company delivered an EPS surprise of +8.53%, with the consensus EPS estimate being $1.29.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Aptiv PLC performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net sales- Eliminations and Other: -$11 million versus -$11.67 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -21.4% change.
- Net Sales- Signal and Power Solutions: $3.57 billion compared to the $3.53 billion average estimate based on five analysts. The reported number represents a change of +5.9% year over year.
- Net Sales- Advanced Safety and User Experience: $1.36 billion versus the five-analyst average estimate of $1.38 billion. The reported number represents a year-over-year change of +5.9%.
- Adjusted Operating Income- Advanced Safety and User Experience: $141 million versus the five-analyst average estimate of $128.86 million.
- Adjusted Operating Income- Signal and Power Solutions: $459 million compared to the $462.57 million average estimate based on five analysts.
Shares of Aptiv PLC have returned -3.8% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218682/aptiv-plc-aptv-q4-earnings-how-key-metrics-compare-to-wall-street-estimates
| 2024-01-31T16:53:27Z
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For the quarter ended December 2023, Thermo Fisher Scientific (TMO - Free Report) reported revenue of $10.89 billion, down 4.9% over the same period last year. EPS came in at $5.67, compared to $5.40 in the year-ago quarter.
The reported revenue represents a surprise of +1.40% over the Zacks Consensus Estimate of $10.74 billion. With the consensus EPS estimate being $5.64, the EPS surprise was +0.53%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Thermo Fisher performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue Growth - Organic: -4% compared to the -7.4% average estimate based on six analysts.
- Revenues- Laboratory Products and Biopharma Services: $5.72 billion versus $5.83 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -3.8% change.
- Revenues- Specialty Diagnostics: $1.11 billion compared to the $1.11 billion average estimate based on six analysts. The reported number represents a change of -0.9% year over year.
- Revenues- Life Sciences Solutions: $2.47 billion versus the six-analyst average estimate of $2.40 billion. The reported number represents a year-over-year change of -18.9%.
- Revenues- Eliminations: -$444 million versus -$481.11 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -17.2% change.
- Revenues- Analytical Instruments: $2.04 billion versus $1.87 billion estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +8.5% change.
- Operating Income- Life Sciences Solutions: $895 million versus the three-analyst average estimate of $767.62 million.
- Operating Income- Laboratory Products and Biopharma Services: $804 million versus $1.09 billion estimated by three analysts on average.
- Operating Income- Specialty Diagnostics: $264 million compared to the $231.74 million average estimate based on three analysts.
- Operating Income- Analytical Instruments: $587 million versus $435.76 million estimated by three analysts on average.
Shares of Thermo Fisher have returned +4.2% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2218683/thermo-fisher-tmo-reports-q4-earnings-what-key-metrics-have-to-say
| 2024-01-31T16:53:33Z
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For the quarter ended December 2023, Central Pacific Financial (CPF - Free Report) reported revenue of $66.31 million, down 2.3% over the same period last year. EPS came in at $0.55, compared to $0.74 in the year-ago quarter.
The reported revenue represents a surprise of +8.39% over the Zacks Consensus Estimate of $61.18 million. With the consensus EPS estimate being $0.48, the EPS surprise was +14.58%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Central Pacific Financial performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total nonperforming assets: $7.01 million compared to the $9.71 million average estimate based on two analysts.
- Efficiency Ratio: 64.1% versus 64.8% estimated by two analysts on average.
- Net Interest Margin: 2.8% compared to the 2.8% average estimate based on two analysts.
- Net charge-offs to average loans: 0.4% versus the two-analyst average estimate of 0.2%.
- Total nonaccrual loans: $7.01 million versus $9.71 million estimated by two analysts on average.
- Average Balance - Total interest earning assets: $7.21 billion versus $7.15 billion estimated by two analysts on average.
- Net Interest Income (FTE): $51.32 million versus the two-analyst average estimate of $50.88 million.
- Total noninterest Income/ Total other operating income: $15.17 million versus $10.50 million estimated by two analysts on average.
- Net Interest Income: $51.14 million compared to the $50.69 million average estimate based on two analysts.
Shares of Central Pacific Financial have returned +0.4% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2218684/central-pacific-financial-cpf-reports-q4-earnings-what-key-metrics-have-to-say
| 2024-01-31T16:53:39Z
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Boeing (BA - Free Report) reported $22.02 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 10.2%. EPS of -$0.47 for the same period compares to -$1.75 a year ago.
The reported revenue compares to the Zacks Consensus Estimate of $21.23 billion, representing a surprise of +3.73%. The company delivered an EPS surprise of +34.72%, with the consensus EPS estimate being -$0.72.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Boeing performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Deliveries - Total: 157 compared to the 156 average estimate based on four analysts.
- Deliveries - Commercial Airplanes - 737: 110 versus the four-analyst average estimate of 110.
- Deliveries - Commercial Airplanes - 787: 23 versus the four-analyst average estimate of 23.
- Deliveries - Commercial Airplanes - 777: 9 versus the four-analyst average estimate of 9.
- Deliveries - Commercial Airplanes - 767: 15 versus 14 estimated by four analysts on average.
- Total revenues- Global Services: $4.85 billion compared to the $4.79 billion average estimate based on seven analysts. The reported number represents a change of +6.2% year over year.
- Total Revenues- Defense, Space & Security: $6.75 billion compared to the $6.27 billion average estimate based on seven analysts. The reported number represents a change of +9.1% year over year.
- Total Revenues- Commercial Airplanes: $10.48 billion compared to the $10.23 billion average estimate based on seven analysts. The reported number represents a change of +13.6% year over year.
- Total Revenues- Unallocated items, eliminations and other: -$58 million versus -$55.98 million estimated by seven analysts on average.
- Earnings/(loss) from operations- Global Services: $842 million compared to the $841.30 million average estimate based on four analysts.
- Earnings/(loss) from operations- Commercial Airplanes: $41 million versus the four-analyst average estimate of -$259.88 million.
- Earnings/(loss) from operations- Defense Space & Security: -$101 million compared to the -$233.15 million average estimate based on four analysts.
Shares of Boeing have returned -20.4% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2218685/compared-to-estimates-boeing-ba-q4-earnings-a-look-at-key-metrics
| 2024-01-31T16:53:45Z
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For the quarter ended December 2023, Old Dominion Freight Line (ODFL - Free Report) reported revenue of $1.5 billion, up 0.3% over the same period last year. EPS came in at $2.94, compared to $2.92 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $1.5 billion, representing a surprise of -0.58%. The company delivered an EPS surprise of +2.80%, with the consensus EPS estimate being $2.86.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Old Dominion performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Operating Ratio: 71.8% versus 72.1% estimated by five analysts on average.
- LTL tonnage per day: 37.42 Kton/D versus the two-analyst average estimate of 38.21 Kton/D.
- LTL shipments per day: 49.52 thousand versus the two-analyst average estimate of 49.17 thousand.
- LTL revenue per hundredweight: $32.23 compared to the $32.21 average estimate based on two analysts.
- LTL revenue per hundredweight, excluding fuel surcharges: $26.50 compared to the $26.50 average estimate based on two analysts.
- Work days: 61 Days versus the two-analyst average estimate of 61 Days.
- LTL weight per shipment (lbs.): 1,511 lbs versus the two-analyst average estimate of 1,513.93 lbs.
- LTL shipments: 3,021 versus the two-analyst average estimate of 2,999.
- LTL tons: 2,283 KTon versus 2,270.37 KTon estimated by two analysts on average.
- Total revenue- Other services: $14.06 million versus the two-analyst average estimate of $18.71 million.
- Total revenue- LTL services: $1.48 billion versus the two-analyst average estimate of $1.47 billion.
Shares of Old Dominion have returned -0.5% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2218686/compared-to-estimates-old-dominion-odfl-q4-earnings-a-look-at-key-metrics
| 2024-01-31T16:53:52Z
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For the quarter ended December 2023, Novartis (NVS - Free Report) reported revenue of $11.42 billion, down 10% over the same period last year. EPS came in at $1.53, compared to $1.51 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $11.69 billion, representing a surprise of -2.29%. The company delivered an EPS surprise of -6.71%, with the consensus EPS estimate being $1.64.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Novartis performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenues- Hematology- Tasigna - US: $220 million versus $228.84 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a -1.4% change.
- Neuroscience- Zolgensma - ROW: $196 million versus the three-analyst average estimate of $212.67 million.
- Revenues- Hematology- Promacta/Revolade - US: $301 million versus the three-analyst average estimate of $263.34 million. The reported number represents a year-over-year change of +6.7%.
- Revenues- Neuroscience- Gilenya - US: $55 million compared to the $104.73 million average estimate based on three analysts. The reported number represents a change of -70.9% year over year.
- Revenues- Established Brands- Afinitor/Votubia - Total: $97 million compared to the $81.64 million average estimate based on four analysts. The reported number represents a change of -8.5% year over year.
- Revenues- Solid Tumors- Votrient - Total: $77 million versus the four-analyst average estimate of $93.84 million. The reported number represents a year-over-year change of -25.2%.
- Neuroscience- Kesimpta: $641 million versus the four-analyst average estimate of $611.13 million.
- Cardiovascular- Leqvio: $123 million versus the four-analyst average estimate of $93.80 million.
- Neuroscience- Aimovig: $69 million versus $69.51 million estimated by four analysts on average.
- Hematology- Scemblix: $125 million versus the four-analyst average estimate of $118.34 million.
- Hematology- Adakveo: $45 million versus the four-analyst average estimate of $54.16 million.
- Neuroscience- Zolgensma: $286 million compared to the $311.08 million average estimate based on four analysts.
Shares of Novartis have returned +6.7% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2218687/novartis-nvs-q4-earnings-how-key-metrics-compare-to-wall-street-estimates
| 2024-01-31T16:53:58Z
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For the quarter ended December 2023, Otis Worldwide (OTIS - Free Report) reported revenue of $3.62 billion, up 5.3% over the same period last year. EPS came in at $0.87, compared to $0.75 in the year-ago quarter.
The reported revenue represents a surprise of +1.27% over the Zacks Consensus Estimate of $3.57 billion. With the consensus EPS estimate being $0.85, the EPS surprise was +2.35%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Otis Worldwide performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Service: $2.15 billion versus the two-analyst average estimate of $2.09 billion. The reported number represents a year-over-year change of +8.9%.
- Net Sales- New Equipment: $1.47 billion versus $1.49 billion estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.3% change.
- Adjusted Operating Profit- New Equipment: $89 million versus the two-analyst average estimate of $104.55 million.
- Operating Profit- General corporate expenses and other: -$56 million versus the two-analyst average estimate of -$38.73 million.
- Adjusted Operating Profit- Service: $518 million versus the two-analyst average estimate of $499.52 million.
Shares of Otis Worldwide have returned +1.8% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218688/compared-to-estimates-otis-worldwide-otis-q4-earnings-a-look-at-key-metrics
| 2024-01-31T16:54:04Z
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Fortive (FTV - Free Report) reported $1.58 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 3.5%. EPS of $0.98 for the same period compares to $0.88 a year ago.
The reported revenue represents a surprise of +0.99% over the Zacks Consensus Estimate of $1.57 billion. With the consensus EPS estimate being $0.93, the EPS surprise was +5.38%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Fortive performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales- Intelligent Operating Solutions: $682.70 million versus $668.90 million estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +7.6% change.
- Sales- Advanced Healthcare Solutions: $351.70 million compared to the $353.19 million average estimate based on three analysts. The reported number represents a change of +2.8% year over year.
- Sales- Precision Technologies: $549.30 million versus the three-analyst average estimate of $546.46 million. The reported number represents a year-over-year change of -0.7%.
- Adjusted Operating Profit (Non-GAAP)- Intelligent Operating Solutions: $233.40 million compared to the $221.31 million average estimate based on two analysts.
- Adjusted Operating Profit (Non-GAAP)- Advanced Healthcare Solutions: $90.30 million compared to the $88.79 million average estimate based on two analysts.
- Adjusted Operating Profit (Non-GAAP)- Precision Technologies: $159.40 million versus the two-analyst average estimate of $151.11 million.
Shares of Fortive have returned +3.4% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218689/fortive-ftv-q4-earnings-taking-a-look-at-key-metrics-versus-estimates
| 2024-01-31T16:54:10Z
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Avery Dennison (AVY - Free Report) reported $2.11 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 4.2%. EPS of $2.16 for the same period compares to $1.65 a year ago.
The reported revenue represents a surprise of +1.06% over the Zacks Consensus Estimate of $2.09 billion. With the consensus EPS estimate being $2.15, the EPS surprise was +0.47%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Avery Dennison performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Net Sales- Solutions Group: $691.70 million compared to the $631.46 million average estimate based on two analysts.
- Net Sales- Materials Group: $1.42 billion compared to the $1.47 billion average estimate based on two analysts.
- Adjusted Operating income (loss)- Solutions Group: $80.50 million versus $64.84 million estimated by two analysts on average.
- Adjusted Operating income (loss)- Materials Group: $198.40 million compared to the $208.51 million average estimate based on two analysts.
Shares of Avery Dennison have returned +0.8% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218690/avery-dennison-avy-reports-q4-earnings-what-key-metrics-have-to-say
| 2024-01-31T16:54:17Z
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Nasdaq (NDAQ - Free Report) reported $1.12 billion in revenue for the quarter ended December 2023, representing a year-over-year increase of 23.3%. EPS of $0.72 for the same period compares to $0.64 a year ago.
The reported revenue represents a surprise of +5.00% over the Zacks Consensus Estimate of $1.06 billion. With the consensus EPS estimate being $0.70, the EPS surprise was +2.86%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Nasdaq performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Total industry average daily share volume - Cash Equity Trading: 11.2 billion compared to the 11.15 billion average estimate based on four analysts.
- Total matched market share executed on Nasdaq exchanges - Cash Equity Trading: 16.1% compared to the 16.7% average estimate based on four analysts.
- Total industry average daily volume - Equity Derivative Trading and Clearing: 40.2 million versus 40.02 million estimated by four analysts on average.
- Total matched market share executed on Nasdaq exchanges - Equity Derivative Trading and Clearing: 30.8% compared to the 31.3% average estimate based on three analysts.
- Net revenues- Capital Access Platforms: $461 million versus the seven-analyst average estimate of $456.51 million.
- Market Services Net Revenues: $247 million versus $419.65 million estimated by six analysts on average.
- Capital Access Platforms- Workflow and Insights revenues: $126 million versus the six-analyst average estimate of $126.05 million.
- Revenues- Other Revenues: $10 million versus the six-analyst average estimate of $8.63 million. The reported number represents a year-over-year change of +900%.
- Capital Access Platforms- Data and Listing Services revenues: $189 million versus the six-analyst average estimate of $189.43 million.
- Capital Access Platforms- Index revenues: $146 million compared to the $140.62 million average estimate based on six analysts.
Shares of Nasdaq have returned +2.7% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2218691/compared-to-estimates-nasdaq-ndaq-q4-earnings-a-look-at-key-metrics
| 2024-01-31T16:54:23Z
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Evercore (EVR - Free Report) reported $784.17 million in revenue for the quarter ended December 2023, representing a year-over-year decline of 5.7%. EPS of $2.02 for the same period compares to $3.50 a year ago.
The reported revenue represents a surprise of +11.97% over the Zacks Consensus Estimate of $700.37 million. With the consensus EPS estimate being $1.63, the EPS surprise was +23.93%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Evercore performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Compensation Ratio: 71.9% versus the two-analyst average estimate of 71.4%.
- Net Revenues- Other Revenue, net: $31.81 million versus the two-analyst average estimate of $22.89 million. The reported number represents a year-over-year change of +128.5%.
- Adjusted Net Revenues- Investment Management- Asset Management and Administration Fees: $18.96 million versus the two-analyst average estimate of $19.46 million. The reported number represents a year-over-year change of +13.4%.
- Adjusted Net Revenues- Investment Banking & Equities-Total: $770.65 million versus $670.41 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a -6.1% change.
Shares of Evercore have returned +4.5% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218692/evercore-evr-q4-earnings-taking-a-look-at-key-metrics-versus-estimates
| 2024-01-31T16:54:29Z
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Avnet (AVT - Free Report) reported $6.2 billion in revenue for the quarter ended December 2023, representing a year-over-year decline of 7.6%. EPS of $1.40 for the same period compares to $2.00 a year ago.
The reported revenue represents a surprise of +0.86% over the Zacks Consensus Estimate of $6.15 billion. With the consensus EPS estimate being $1.39, the EPS surprise was +0.72%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Avnet performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales- Farnell: $392.80 million compared to the $398.96 million average estimate based on three analysts. The reported number represents a change of -3.7% year over year.
- Sales- Electronic Components: $5.81 billion versus the three-analyst average estimate of $5.75 billion. The reported number represents a year-over-year change of -7.9%.
- Operating Income (loss)- Electronic Components: $247.90 million compared to the $248.26 million average estimate based on three analysts.
- Operating Income (loss)- Farnell: $15.70 million versus $20.01 million estimated by three analysts on average.
- Operating Income (loss)- Corporate expenses: -$15.70 million versus the two-analyst average estimate of -$26.67 million.
Shares of Avnet have returned -2.7% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218693/compared-to-estimates-avnet-avt-q2-earnings-a-look-at-key-metrics
| 2024-01-31T16:54:35Z
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For the quarter ended December 2023, Roper Technologies (ROP - Free Report) reported revenue of $1.61 billion, up 12.8% over the same period last year. EPS came in at $4.37, compared to $3.92 in the year-ago quarter.
The reported revenue represents a surprise of +2.43% over the Zacks Consensus Estimate of $1.58 billion. With the consensus EPS estimate being $4.33, the EPS surprise was +0.92%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Roper Technologies performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Revenue- Network Software & Systems: $362.70 million versus the five-analyst average estimate of $360.61 million. The reported number represents a year-over-year change of +3.5%.
- Revenue- Technology Enabled Products: $399 million versus $382.16 million estimated by five analysts on average.
- Revenue- Application Software: $851.80 million versus $830.37 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +15.1% change.
- Operating Profit- Application Software: $219.50 million versus $223.71 million estimated by three analysts on average.
- Operating Profit- Technology Enabled Products: $127 million compared to the $128.85 million average estimate based on three analysts.
- Operating Profit- Network Software & Systems: $167.40 million versus the three-analyst average estimate of $157.73 million.
Shares of Roper Technologies have returned +5.1% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218694/roper-technologies-rop-q4-earnings-how-key-metrics-compare-to-wall-street-estimates
| 2024-01-31T16:54:42Z
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For the quarter ended December 2023, MarketAxess (MKTX - Free Report) reported revenue of $197.25 million, up 10.9% over the same period last year. EPS came in at $1.84, compared to $1.58 in the year-ago quarter.
The reported revenue represents a surprise of +0.71% over the Zacks Consensus Estimate of $195.85 million. With the consensus EPS estimate being $1.72, the EPS surprise was +6.98%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how MarketAxess performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average Variable Transaction Fee Per Million - Rates: $4.62 versus the five-analyst average estimate of $4.39.
- Average Variable Transaction Fee Per Million - Credit: $156.28 versus $157.75 estimated by five analysts on average.
- Average Daily Volume - Total rates trading: $16.53 billion versus $16.75 billion estimated by four analysts on average.
- Average Daily Volume - Total credit trading: $13.11 billion versus $12.93 billion estimated by four analysts on average.
- Revenues- Commissions: $171.89 million compared to the $170.78 million average estimate based on six analysts. The reported number represents a change of +8.5% year over year.
- Revenues- Information services: $11.92 million versus the six-analyst average estimate of $11.91 million. The reported number represents a year-over-year change of +14.6%.
- Revenues- Technology services: $2.49 million versus $2.53 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +937.5% change.
- Revenues- Post-trade services: $10.95 million versus $9.71 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +24.1% change.
- Total commission revenue- Total variable transaction fees- Credit: $127.28 million versus $126.67 million estimated by four analysts on average.
- Total commission revenue- Total fixed distribution fees: $34.89 million versus the four-analyst average estimate of $37.64 million. The reported number represents a year-over-year change of +6.1%.
- Total commission revenue- Total variable transaction fees: $137 million versus the four-analyst average estimate of $134.05 million. The reported number represents a year-over-year change of +9.1%.
- Total commission revenue- Total variable transaction fees- Rates: $4.74 million versus $4.75 million estimated by four analysts on average.
Shares of MarketAxess have returned -4.2% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #2 (Buy), indicating that it could outperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218695/compared-to-estimates-marketaxess-mktx-q4-earnings-a-look-at-key-metrics
| 2024-01-31T16:54:48Z
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For the quarter ended December 2023, Rockwell Automation (ROK - Free Report) reported revenue of $2.05 billion, up 3.6% over the same period last year. EPS came in at $2.04, compared to $2.46 in the year-ago quarter.
The reported revenue represents a surprise of -1.12% over the Zacks Consensus Estimate of $2.08 billion. With the consensus EPS estimate being $2.62, the EPS surprise was -22.14%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Rockwell Automation performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Sales- Intelligent Devices: $927.30 million compared to the $989.42 million average estimate based on three analysts. The reported number represents a change of -1% year over year.
- Sales- Lifecycle Services: $521.20 million versus the three-analyst average estimate of $493.41 million. The reported number represents a year-over-year change of +10.5%.
- Sales- Software & Control: $603.60 million compared to the $581.29 million average estimate based on three analysts. The reported number represents a change of +5.3% year over year.
- Operating earnings- Intelligent Devices: $150.20 million versus the three-analyst average estimate of $204.89 million.
- Operating earnings- Lifecycle Services: $54.30 million versus the three-analyst average estimate of $33.33 million.
- Operating earnings- Software & Control: $151 million versus the three-analyst average estimate of $172.41 million.
Shares of Rockwell Automation have returned +0.3% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2218696/rockwell-automation-rok-q1-earnings-how-key-metrics-compare-to-wall-street-estimates
| 2024-01-31T16:54:54Z
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For the quarter ended December 2023, Automatic Data Processing (ADP - Free Report) reported revenue of $4.67 billion, up 6.3% over the same period last year. EPS came in at $2.13, compared to $1.96 in the year-ago quarter.
The reported revenue represents a surprise of +0.16% over the Zacks Consensus Estimate of $4.66 billion. With the consensus EPS estimate being $2.10, the EPS surprise was +1.43%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how ADP performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Average paid PEO worksite employees during the period: 725 compared to the 726 average estimate based on two analysts.
- Revenues- Interest on funds held for clients: $225.30 million versus the five-analyst average estimate of $228.85 million. The reported number represents a year-over-year change of +20.4%.
- Revenues- PEO revenues: $1.54 billion compared to the $1.54 billion average estimate based on four analysts. The reported number represents a change of +2.8% year over year.
- Revenues- Revenues, other than interest on funds held for clients and PEO revenues: $2.90 billion versus the four-analyst average estimate of $2.90 billion. The reported number represents a year-over-year change of +7.3%.
- Segment revenues- Employer Services: $3.13 billion versus the four-analyst average estimate of $3.11 billion. The reported number represents a year-over-year change of +8.1%.
- Segment revenues- PEO Services: $1.55 billion versus the three-analyst average estimate of $1.55 billion. The reported number represents a year-over-year change of +2.9%.
- Segment revenues- Other: -$3.30 million compared to the -$3.10 million average estimate based on two analysts. The reported number represents a change of -21.4% year over year.
Shares of ADP have returned +2.2% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.
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https://www.zacks.com/stock/news/2218697/adp-adp-q2-earnings-how-key-metrics-compare-to-wall-street-estimates
| 2024-01-31T16:54:56Z
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For the quarter ended December 2023, New York Community Bancorp (NYCB - Free Report) reported revenue of $886 million, up 53.6% over the same period last year. EPS came in at -$0.27, compared to $0.25 in the year-ago quarter.
The reported revenue represents a surprise of -5.33% over the Zacks Consensus Estimate of $935.9 million. With the consensus EPS estimate being $0.29, the EPS surprise was -193.10%.
While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how New York Community Bancorp performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
- Efficiency Ratio: 67.9% compared to the 64.3% average estimate based on seven analysts.
- Net Interest Margin [%]: 2.8% versus the seven-analyst average estimate of 3.1%.
- Average Balances-Interest earning assets: $103.96 billion compared to the $103.06 billion average estimate based on six analysts.
- Total non-interest income (loss): $146 million versus the seven-analyst average estimate of $139.95 million.
- Net Interest Income: $740 million versus the seven-analyst average estimate of $793.88 million.
- Bank-owned life insurance: $11 million versus the six-analyst average estimate of $11.38 million.
- Fee income: $39 million compared to the $50.24 million average estimate based on six analysts.
- Net gain on loan sales and securitizations: $16 million versus $19.20 million estimated by five analysts on average.
- Net return on mortgage servicing rights: $33 million versus $22.15 million estimated by four analysts on average.
- Other non-interest (loss) income: $22 million versus $19.55 million estimated by three analysts on average.
- Net loan administration income: $17 million compared to the $15.33 million average estimate based on three analysts.
Shares of New York Community Bancorp have returned -0.3% over the past month versus the Zacks S&P 500 composite's +3.3% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term.
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https://www.zacks.com/stock/news/2218698/new-york-community-bancorp-nycb-q4-earnings-taking-a-look-at-key-metrics-versus-estimates
| 2024-01-31T16:55:02Z
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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about Coca-Cola (KO - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Coke currently has an average brokerage recommendation (ABR) of 1.53, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 17 brokerage firms. An ABR of 1.53 approximates between Strong Buy and Buy.
Of the 17 recommendations that derive the current ABR, 12 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 70.6% and 5.9% of all recommendations.
Brokerage Recommendation Trends for KO
Check price target & stock forecast for Coke here>>>
The ABR suggests buying Coke, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks Rank
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in KO?
In terms of earnings estimate revisions for Coke, the Zacks Consensus Estimate for the current year has increased 0.1% over the past month to $2.68.
Analysts' growing optimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher, could be a legitimate reason for the stock to soar in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #2 (Buy) for Coke. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, the Buy-equivalent ABR for Coke may serve as a useful guide for investors.
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https://www.zacks.com/stock/news/2218699/wall-street-bulls-look-optimistic-about-coke-ko-should-you-buy?
| 2024-01-31T16:55:16Z
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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about Walmart (WMT - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Walmart currently has an average brokerage recommendation (ABR) of 1.44, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 31 brokerage firms. An ABR of 1.44 approximates between Strong Buy and Buy.
Of the 31 recommendations that derive the current ABR, 22 are Strong Buy and four are Buy. Strong Buy and Buy respectively account for 71% and 12.9% of all recommendations.
Brokerage Recommendation Trends for WMT
Check price target & stock forecast for Walmart here>>>
The ABR suggests buying Walmart, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks Rank
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
Analysts employed by brokerage firms have been and continue to be overly optimistic with their recommendations. Since the ratings issued by these analysts are more favorable than their research would support because of the vested interest of their employers, they mislead investors far more often than they guide.
In contrast, the Zacks Rank is driven by earnings estimate revisions. And near-term stock price movements are strongly correlated with trends in earnings estimate revisions, according to empirical research.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
Another key difference between the ABR and Zacks Rank is freshness. The ABR is not necessarily up-to-date when you look at it. But, since brokerage analysts keep revising their earnings estimates to account for a company's changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in indicating future price movements.
Should You Invest in WMT?
In terms of earnings estimate revisions for Walmart, the Zacks Consensus Estimate for the current year has declined 0.2% over the past month to $6.45.
Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #4 (Sell) for Walmart. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, it could be wise to take the Buy-equivalent ABR for Walmart with a grain of salt.
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https://www.zacks.com/stock/news/2218700/wall-street-bulls-look-optimistic-about-walmart-wmt-should-you-buy?
| 2024-01-31T16:55:23Z
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When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?
Let's take a look at what these Wall Street heavyweights have to say about Opera Limited Sponsored ADR (OPRA - Free Report) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.
Opera Limited Sponsored ADR currently has an average brokerage recommendation (ABR) of 1.00, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by four brokerage firms. An ABR of 1.00 indicates Strong Buy.
Of the four recommendations that derive the current ABR, four are Strong Buy, representing 100% of all recommendations.
Brokerage Recommendation Trends for OPRA
Check price target & stock forecast for Opera Limited Sponsored ADR here>>>
While the ABR calls for buying Opera Limited Sponsored ADR, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
The ABR is calculated solely based on brokerage recommendations and is typically displayed with decimals (example: 1.28). In contrast, the Zacks Rank is a quantitative model allowing investors to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is OPRA a Good Investment?
Looking at the earnings estimate revisions for Opera Limited Sponsored ADR, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $0.68.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Opera Limited Sponsored ADR. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Opera Limited Sponsored ADR.
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https://www.zacks.com/stock/news/2218701/is-opera-limited-sponsored-adr-opra-a-buy-as-wall-street-analysts-look-optimistic?
| 2024-01-31T16:55:30Z
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Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Perion Network (PERI - Free Report) .
Perion Network currently has an average brokerage recommendation (ABR) of 1.83, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by six brokerage firms. An ABR of 1.83 approximates between Strong Buy and Buy.
Of the six recommendations that derive the current ABR, three are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 50% and 16.7% of all recommendations.
Brokerage Recommendation Trends for PERI
Check price target & stock forecast for Perion Network here>>>
The ABR suggests buying Perion Network, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.
Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.
In other words, their interests aren't always aligned with retail investors, rarely indicating where the price of a stock could actually be heading. Therefore, the best use of this information could be validating your own research or an indicator that has proven to be highly successful in predicting a stock's price movement.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
Zacks Rank Should Not Be Confused With ABR
Although both Zacks Rank and ABR are displayed in a range of 1-5, they are different measures altogether.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Should You Invest in PERI?
Looking at the earnings estimate revisions for Perion Network, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $3.27.
Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for Perion Network. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for Perion Network.
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https://www.zacks.com/stock/news/2218702/should-you-invest-in-perion-network-peri-based-on-bullish-wall-street-views?
| 2024-01-31T16:55:36Z
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The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?
Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Devon Energy (DVN - Free Report) .
Devon Energy currently has an average brokerage recommendation (ABR) of 1.90, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by 21 brokerage firms. An ABR of 1.90 approximates between Strong Buy and Buy.
Of the 21 recommendations that derive the current ABR, 11 are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 52.4% and 4.8% of all recommendations.
Brokerage Recommendation Trends for DVN
Check price target & stock forecast for Devon Energy here>>>
While the ABR calls for buying Devon Energy, it may not be wise to make an investment decision solely based on this information. Several studies have shown limited to no success of brokerage recommendations in guiding investors to pick stocks with the best price increase potential.
Do you wonder why? As a result of the vested interest of brokerage firms in a stock they cover, their analysts tend to rate it with a strong positive bias. According to our research, brokerage firms assign five "Strong Buy" recommendations for every "Strong Sell" recommendation.
This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements.
Zacks Rank, our proprietary stock rating tool with an impressive externally audited track record, categorizes stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), and is an effective indicator of a stock's price performance in the near future. Therefore, using the ABR to validate the Zacks Rank could be an efficient way of making a profitable investment decision.
ABR Should Not Be Confused With Zacks Rank
In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.
Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.
It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.
On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
In addition, the different Zacks Rank grades are applied proportionately to all stocks for which brokerage analysts provide current-year earnings estimates. In other words, this tool always maintains a balance among its five ranks.
There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices.
Is DVN a Good Investment?
Looking at the earnings estimate revisions for Devon Energy, the Zacks Consensus Estimate for the current year has declined 16.1% over the past month to $5.67.
Analysts' growing pessimism over the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates lower, could be a legitimate reason for the stock to plunge in the near term.
The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #5 (Strong Sell) for Devon Energy. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, it could be wise to take the Buy-equivalent ABR for Devon Energy with a grain of salt.
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https://www.zacks.com/stock/news/2218703/is-it-worth-investing-in-devon-energy-dvn-based-on-wall-streets-bullish-views?
| 2024-01-31T16:55:42Z
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Here at Zacks, we offer our members many different opportunities to take full advantage of the stock market, as well as how to invest in ways that lead to long-term success.
The Zacks Premium service makes this easier. It features daily updates of the Zacks Rank and Zacks Industry Rank; full access to the Zacks #1 Rank List; Equity Research reports; and Premium stock screens like the Earnings ESP filter. All of these can help you quickly identify what stocks to buy, what to sell, and what are today's hottest industries.
Also included in Zacks Premium is the Focus List. This is a long-term portfolio of top stocks that have all the traits to beat the market.
Breaking Down the Zacks Focus List
If you could get access to a curated list of stocks to kickstart your investment portfolio, wouldn't you jump at the chance to take a peek?
That's what the Zacks Focus List offers. It's a portfolio of 50 stocks that serve as a starting point for long-term investors to build their individual portfolios. The stocks included in the list are set to outperform the market over the next 12 months.
What makes the Focus List even more helpful is that each selection is accompanied by a full Zacks Analyst Report, which explains the reasoning behind every stock's selection and why we believe it's a good pick for the long-term.
The portfolio's past performance only solidifies why investors should consider it as a starting point. For 2020, the Focus List gained 13.85% on an annualized basis compared to the S&P 500's return of 9.38%. Cumulatively, the portfolio has returned 2,519.23% while the S&P returned 854.95%. Returns are for the period of February 1, 1996 to March 31, 2021.
Focus List Methodology
When stocks are picked for the Focus List, it reflects our enduring reliance on the power of earnings estimate revisions.
Earnings estimates, or expectations of growth and profitability, come from brokerage analysts who track publicly traded companies; these analysts work together with company management to analyze every aspect that may affect future earnings, like interest rates, the economy, and sector and industry optimism.
What a company will earn down the road also needs to be taken into consideration, and this is why earnings estimate revisions are so important.
Stocks that receive upward earnings estimate revisions are more likely to receive even more upward changes in the future. For example, if an analyst raised their estimates last month, they're more likely to do it again this month, and other analysts are likely to do the same.
Harnessing the power of earnings estimate revisions is where the Zacks Rank comes in. The Zacks Rank is a unique, proprietary stock-rating model that utilizes changes to a company's quarterly earnings expectations to help investors build a winning portfolio.
There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise. Each one of these features is then given a raw score that's recalculated every night and compiled into the Rank. Using this data, stocks are classified into five groups, ranging from "Strong Buy" to "Strong Sell."
The Focus List is comprised of stocks hand-picked from a long list of #1 (Strong Buy) or #2 (Buy) ranked companies, meaning that each new addition boasts a bullish earnings consensus among analysts.
It can be very profitable to buy stocks with rising earnings estimates, as stock prices respond to revisions. By adding Focus List stocks, there's a great chance you'll be getting into companies whose future earnings estimates will be raised, which can lead to price momentum.
Focus List Spotlight: Caterpillar (CAT - Free Report)
Caterpillar, known for its iconic yellow machines, is the largest global construction and mining equipment manufacturer. Given that it serves a gamut of sectors - infrastructure, construction, mining, oil & gas and transportation, the company is considered a bellwether of the global economy.
Since being added to the Focus List on April 18, 2017 at $94.14 per share, shares of CAT have increased 223.73% to $304.76. The stock is currently a #3 (Hold) on the Zacks Rank.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.01 to $20.59. CAT also boasts an average earnings surprise of 16.6%.
Earnings for CAT are forecasted to see growth of 48.8% for the current fiscal year as well.
Reveal Winning Stocks
Unlock all of our powerful research, tools and analysis, including the Zacks #1 Rank List, Equity Research Reports, Zacks Earnings ESP Filter, Premium Screener and more, as part of Zacks Premium. You'll quickly identify which stocks to buy, hold and sell, and target today's hottest industries, to help improve the performance of your portfolio. Gain full access now >>
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https://www.zacks.com/stock/news/2218704/why-caterpillar-cat-is-a-top-stock-for-the-long-term
| 2024-01-31T16:55:48Z
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Marriott International (MAR - Free Report)
Marriott International Inc. is a leading worldwide hospitality company focused on lodging management and franchising after the spin-off of its timeshare business into a publicly traded company in Nov 2011.
MAR is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. MAR has a Growth Style Score of A, forecasting year-over-year earnings growth of 28.3% for the current fiscal year.
For fiscal 2023, one analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0 to $8.58 per share. MAR boasts an average earnings surprise of 5.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, MAR should be on investors' short list.
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https://www.zacks.com/stock/news/2218710/why-marriott-international-mar-is-a-top-growth-stock-for-the-long-term
| 2024-01-31T16:55:55Z
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you want a combination of all three Style Scores, then the VGM Score will be your friend. It rates each stock on their combined weighted styles, helping you find the companies with the most attractive value, best growth forecast, and most promising momentum. It's also one of the best indicators to use with the Zacks Rank.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Novo Nordisk (NVO - Free Report)
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.
NVO is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. NVO has a Growth Style Score of A, forecasting year-over-year earnings growth of 54.3% for the current fiscal year.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2023, while the Zacks Consensus Estimate has increased $0.05 to $2.67 per share. NVO also boasts an average earnings surprise of 0.6%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, NVO should be on investors' short list.
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https://www.zacks.com/stock/news/2218712/are-you-a-growth-investor-this-1-stock-could-be-the-perfect-pick?-this-1-stock-could-be-the-perfect-pick
| 2024-01-31T16:56:01Z
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Ingersoll Rand (IR - Free Report)
Headquartered in Davidson, NC, Ingersoll Rand Inc. is a global industrial company, with expertise in industrial and mission-critical flow creation technologies. It came into existence when Gardner Denver Holdings, Inc. acquired the Industrial segment of Ingersoll-Rand plc in February 2020.
IR is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. IR has a Growth Style Score of B, forecasting year-over-year earnings growth of 21.6% for the current fiscal year.
One analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.03 to $2.87 per share. IR boasts an average earnings surprise of 16.1%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, IR should be on investors' short list.
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https://www.zacks.com/stock/news/2218713/why-ingersoll-rand-ir-is-a-top-growth-stock-for-the-long-term
| 2024-01-31T16:56:07Z
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Rockwell Automation (ROK - Free Report)
Based in Milwaukee, WI, Rockwell Automation provides industrial automation and information solutions worldwide. The company has a wide network spanning more than 100 countries. The United States generates around 50% of the company’s total sales. Outside the United States, the company’s primary markets are China, Canada, Mexico, Italy, the U.K., Germany, and Australia.
ROK is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Additionally, the company could be a top pick for growth investors. ROK has a Growth Style Score of A, forecasting year-over-year earnings growth of 6% for the current fiscal year.
Two analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.02 to $12.85 per share. ROK also boasts an average earnings surprise of 12.4%.
With a solid Zacks Rank and top-tier Growth and VGM Style Scores, ROK should be on investors' short list.
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https://www.zacks.com/stock/news/2218715/why-rockwell-automation-rok-is-a-top-growth-stock-for-the-long-term
| 2024-01-31T16:56:14Z
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The fourth-quarter reporting cycle has just begun for the Medical sector (one of the 16 broad Zacks sectors within the Zacks Industry classification). Quarterly performances have been encouraging so far despite companies still recovering from inflationary pressures, unfavorable foreign exchange headwinds and labor shortages.
The latest Earnings Preview indicates that 8.3% of the companies in the Medical sector, constituting nearly 25.9% of the sector’s market capitalization, reported earnings until Jan 24. Of these, 60% beat earnings and revenue estimates. Earnings increased 3.3% year over year on 7.9% higher revenues.
Overall, fourth-quarter earnings of the Medical sector are expected to decline 22.2% despite a 4.2% sales increase. This compares with third-quarter earnings decline of 16.7% despite 6.6% reported revenue growth. Per the latest trends, the Medical sector is one of the spaces expected to experience the biggest earnings declines in the reporting cycle. It is also one of the seven sectors that are expected to earn less in the fourth quarter of 2023 compared with the year-ago period.
Medical Device Quarterly Synopsis
Integral to the broader Medical sector, the Medical Device or Zacks-defined Medical Products companies’ collective business growth is likely to have been significantly dampened by the ongoing macroeconomic threat in the United States and outside. The industry is facing a challenging period due to worsening global trade conditions. This situation is exacerbated by worldwide inflation, which is increasing the costs of raw materials and labor, along with higher medical and freight expenses. Most companies in this sector experienced a surge in the costs of raw materials and other expenses through the fourth-quarter months. Additionally, issues with labor availability, currency headwinds and global supply-chain difficulties are anticipated to have slowed down growth.
On a positive note, during the post-pandemic phase, the key focus of medical device research and development shifted from COVID-related testing and distant care options to point-of-care testing, heavy as well as minimally invasive implants and elective procedures, among others. Accordingly, legacy-based business recovery and testing demand of the companies through the months of the fourth quarter are expected to have been impressive. Meanwhile, artificial intelligence (AI) and robotics for the medical Internet of Things (IoT), which came to the forefront during the pandemic phase, remained popular.
Overall, the October-December months were marked by strength in product portfolios and solid customer adoption of products. Medical Device companies like Cardinal Health, Inc. (CAH - Free Report) , Revvity, Inc. (RVTY - Free Report) , CONMED Corporation (CNMD - Free Report) , Surmodics, Inc. (SRDX - Free Report) and Becton Dickinson and Company (BDX - Free Report) , popularly known as BD, are likely to have been positively impacted by the tailwinds discussed above, despite encountering turbulence on the macroeconomic front.
Let’s observe the status of five MedTech players, who are scheduled to announce results on Feb 1, 2024.
Cardinal Health: Cardinal Health’s Pharmaceutical segment is one of the largest pharmaceutical distributors in the United States. In the first quarter of fiscal 2024, revenues from this segment were up 11% on a year-over-year basis. The performance reflects branded pharmaceutical sales growth in the Pharmaceutical Distribution and Specialty Solutions segment. This momentum is likely to have continued in the fiscal second quarter. Moreover, the rising demand for GLP-1 medications is likely to have acted as a tailwind. The company’s generics program sales were also strong during the last reported quarter, and its upcoming results are expected to gain from this trend. (Read more: What's in Store for Cardinal Health in Q2 Earnings?)
The Zacks Consensus Estimate for second-quarter fiscal 2024 earnings per share (EPS) is pegged at $1.56. Revenues are expected to be $56.82 billion.
Cardinal Health does not have the right combination of the two key ingredients — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — which increases the odds of an earnings beat. CAH has an Earnings ESP of -0.79% and a Zacks Rank #1. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here.
Revvity: Revvity’s Diagnostics business is expected to have continued its declining trend in the fourth quarter of 2023. Sales in this segment declined 9% in the last reported quarter, primarily due to a drop in demand for COVID-related products. However, this is likely to have been partially offset by a strong demand for non-COVID products in the fourth quarter. The removal of COVID-19 restrictions in China might have boosted the continued demand for RVTY’s immunodiagnostics business. This, in turn, is likely to have partially offset loss of sales from COVID-related products. (Read more: Revvity to Report Q4 Earnings: What's in the Cards?)
The Zacks Consensus Estimate for fourth-quarter 2023 EPS is pegged at $1.15. Revenues are expected to be $667 million.
RVTY has an Earnings ESP of +2.49% and a Zacks Rank #3.
CONMED: CONMED’s fourth-quarter 2023 revenues are likely to have been aided by strength in its end markets. The company had benefited from its newly acquired businesses in third-quarter 2023, which are likely to have contributed to its fourth-quarter revenues as well. CONMED is also likely to have maintained its strong performance in the United States as well as international markets. The company’s two products — In2Bones and Biorez — which were the key drivers during the third quarter, are also likely to have driven up the fourth-quarter results.
The Zacks Consensus Estimate for fourth-quarter 2023 EPS is pegged at $1.11. Revenues are expected to be $332.9 million.
CNMD has an Earnings ESP of 0.00% and a Zacks Rank #3.
Surmodics: Surmodics’ first-quarter fiscal 2024 performance is likely to have been driven by continued strong performance by its Medical Device and In Vitro Diagnostics (IVD) businesses. In the fourth quarter of fiscal 2023, the Medical Device revenues were partly driven by significant contributions to product sales from the Pounce thrombectomy device platform, while IVD sales were partly driven by strong customer demand for microarray slide/surface products. This momentum is likely to have continued in the fiscal first quarter, thereby driving up the company’s revenues.
The Zacks Consensus Estimate for first-quarter fiscal 2024 loss per share is pegged at 35 cents. Revenues are expected to be $29.6 million.
SRDX has an Earnings ESP of 0.00% and a Zacks Rank #3.
BD: BD’s fourth-quarter fiscal 2023 results continued to witness lower COVID-only testing revenues. However, excluding COVID-only testing, the Life Sciences segment’s base revenues witnessed growth driven by strength in the Biosciences (BDB) business unit. BDB’s performance reflected growth in Research Instruments driven by strong demand for the company’s BD FACSDiscover S8 Cell Sorter and strength in Clinical Reagents leveraging its growing installed base of FACSLyric analyzers and FACSDuet automation. These trends are likely to have continued in first-quarter fiscal 2024. This, in turn, is anticipated to have contributed to the strength in base business despite the expected ceaseless fall in COVID-only testing revenues.
In November 2023, BD launched the SiteRite 9 Ultrasound System. The same month, BD launched a new needle-free blood draw technology compatible with integrated catheters, the PIVO Pro Needle-free Blood Collection Device. These products are likely to have witnessed robust adoption in recent months, thereby driving up the Medical segment’s revenues in the to-be-reported quarter. (Read more: BD Gears Up for Q1 Earnings: What's in the Offing?)
The Zacks Consensus Estimate for first-quarter fiscal 2024 EPS is pegged at $2.39. Revenues are expected to be $4.74 billion.
BDX has an Earnings ESP of -0.09% and a Zacks Rank #4 (Sell).
Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.
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https://www.zacks.com/stock/news/2218722/medical-device-stocks-earnings-on-feb-1-rvty-cah-more?-more
| 2024-01-31T16:56:20Z
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is Bayerische Motoren Werke AG Sponsored ADR (BMWYY - Free Report) . BMWYY is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with a P/E ratio of 5.33, which compares to its industry's average of 8.88. BMWYY's Forward P/E has been as high as 6.63 and as low as 5.02, with a median of 5.81, all within the past year.
Another valuation metric that we should highlight is BMWYY's P/B ratio of 0.62. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.40. Within the past 52 weeks, BMWYY's P/B has been as high as 0.76 and as low as 0.55, with a median of 0.66.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. BMWYY has a P/S ratio of 0.38. This compares to its industry's average P/S of 0.83.
Finally, investors will want to recognize that BMWYY has a P/CF ratio of 3.07. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. BMWYY's current P/CF looks attractive when compared to its industry's average P/CF of 7.02. Over the past year, BMWYY's P/CF has been as high as 3.85 and as low as 2.25, with a median of 3.22.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Bayerische Motoren Werke AG Sponsored ADR is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, BMWYY feels like a great value stock at the moment.
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https://www.zacks.com/stock/news/2218723/should-value-investors-buy-bayerische-motoren-werke-ag-sponsored-adr-bmwyy-stock?
| 2024-01-31T16:56:26Z
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is Owens Corning (OC - Free Report) . OC is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 10.87 right now. For comparison, its industry sports an average P/E of 16.80. Over the past 52 weeks, OC's Forward P/E has been as high as 12.28 and as low as 7.93, with a median of 10.17.
OC is also sporting a PEG ratio of 1.06. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. OC's industry has an average PEG of 1.38 right now. Over the past 52 weeks, OC's PEG has been as high as 2.14 and as low as 0.80, with a median of 1.34.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. OC has a P/S ratio of 1.41. This compares to its industry's average P/S of 1.67.
Finally, our model also underscores that OC has a P/CF ratio of 7.43. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. OC's P/CF compares to its industry's average P/CF of 21.48. Over the past 52 weeks, OC's P/CF has been as high as 7.54 and as low as 4.41, with a median of 6.06.
These figures are just a handful of the metrics value investors tend to look at, but they help show that Owens Corning is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, OC feels like a great value stock at the moment.
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https://www.zacks.com/stock/news/2218724/are-investors-undervaluing-owens-corning-oc-right-now?
| 2024-01-31T16:56:32Z
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is AZZ (AZZ - Free Report) . AZZ is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with P/E ratio of 13.46 right now. For comparison, its industry sports an average P/E of 22.57. Over the past 52 weeks, AZZ's Forward P/E has been as high as 13.64 and as low as 9.48, with a median of 11.32.
AZZ is also sporting a PEG ratio of 0.96. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. AZZ's industry has an average PEG of 2 right now. Over the past 52 weeks, AZZ's PEG has been as high as 0.97 and as low as 0.89, with a median of 0.92.
Another notable valuation metric for AZZ is its P/B ratio of 1.71. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. This stock's P/B looks attractive against its industry's average P/B of 3.11. Over the past 12 months, AZZ's P/B has been as high as 1.71 and as low as 1, with a median of 1.26.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. AZZ has a P/S ratio of 1.06. This compares to its industry's average P/S of 2.55.
These figures are just a handful of the metrics value investors tend to look at, but they help show that AZZ is likely being undervalued right now. Considering this, as well as the strength of its earnings outlook, AZZ feels like a great value stock at the moment.
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https://www.zacks.com/stock/news/2218725/are-investors-undervaluing-azz-azz-right-now?
| 2024-01-31T16:56:39Z
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Considering these trends, value investing is clearly one of the most preferred ways to find strong stocks in any type of market. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One stock to keep an eye on is American Woodmark (AMWD - Free Report) . AMWD is currently holding a Zacks Rank of #1 (Strong Buy) and a Value grade of A. The stock is trading with P/E ratio of 10.89 right now. For comparison, its industry sports an average P/E of 13.71. Over the past 52 weeks, AMWD's Forward P/E has been as high as 11.88 and as low as 7.28, with a median of 10.41.
Another valuation metric that we should highlight is AMWD's P/B ratio of 1.68. The P/B ratio is used to compare a stock's market value with its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 3.38. Over the past year, AMWD's P/B has been as high as 1.70 and as low as 0.93, with a median of 1.33.
Finally, investors should note that AMWD has a P/CF ratio of 7.49. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 10.92. Within the past 12 months, AMWD's P/CF has been as high as 8.19 and as low as 4.36, with a median of 5.93.
These are only a few of the key metrics included in American Woodmark's strong Value grade, but they help show that the stock is likely undervalued right now. When factoring in the strength of its earnings outlook, AMWD looks like an impressive value stock at the moment.
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https://www.zacks.com/stock/news/2218726/are-investors-undervaluing-american-woodmark-amwd-right-now?
| 2024-01-31T16:56:45Z
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One stock to keep an eye on is Six Flags Entertainment (SIX - Free Report) . SIX is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value. The stock is trading with P/E ratio of 12.92 right now. For comparison, its industry sports an average P/E of 18.46. Over the past year, SIX's Forward P/E has been as high as 25.08 and as low as 9.47, with a median of 11.94.
Finally, investors should note that SIX has a P/CF ratio of 10.66. This figure highlights a company's operating cash flow and can be used to find firms that are undervalued when considering their impressive cash outlook. SIX's current P/CF looks attractive when compared to its industry's average P/CF of 20.54. SIX's P/CF has been as high as 10.85 and as low as 7.70, with a median of 9.73, all within the past year.
These are just a handful of the figures considered in Six Flags Entertainment's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that SIX is an impressive value stock right now.
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https://www.zacks.com/stock/news/2218727/is-six-flags-entertainment-six-a-great-value-stock-right-now?
| 2024-01-31T16:56:51Z
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is Heartland Financial USA (HTLF - Free Report) . HTLF is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 8.36 right now. For comparison, its industry sports an average P/E of 10.96. Over the last 12 months, HTLF's Forward P/E has been as high as 9.49 and as low as 5.51, with a median of 6.97.
We should also highlight that HTLF has a P/B ratio of 0.95. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 1.96. HTLF's P/B has been as high as 1.33 and as low as 0.66, with a median of 0.78, over the past year.
Value investors also use the P/S ratio. The P/S ratio is is calculated as price divided by sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. HTLF has a P/S ratio of 1.77. This compares to its industry's average P/S of 1.89.
Finally, our model also underscores that HTLF has a P/CF ratio of 6.22. This data point considers a firm's operating cash flow and is frequently used to find companies that are undervalued when considering their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 13.65. Over the past 52 weeks, HTLF's P/CF has been as high as 7.35 and as low as 3.90, with a median of 4.94.
Value investors will likely look at more than just these metrics, but the above data helps show that Heartland Financial USA is likely undervalued currently. And when considering the strength of its earnings outlook, HTLF sticks out at as one of the market's strongest value stocks.
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https://www.zacks.com/stock/news/2218728/are-investors-undervaluing-heartland-financial-usa-htlf-right-now?
| 2024-01-31T16:56:58Z
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Looking at the history of these trends, perhaps none is more beloved than value investing. This strategy simply looks to identify companies that are being undervalued by the broader market. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is Atlanticus (ATLC - Free Report) . ATLC is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with P/E ratio of 6.71 right now. For comparison, its industry sports an average P/E of 13. Over the last 12 months, ATLC's Forward P/E has been as high as 9.33 and as low as 4.83, with a median of 6.39.
We should also highlight that ATLC has a P/B ratio of 1.43. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 2.21. ATLC's P/B has been as high as 1.82 and as low as 0.97, with a median of 1.36, over the past year.
Finally, our model also underscores that ATLC has a P/CF ratio of 4.82. This metric focuses on a firm's operating cash flow and is often used to find stocks that are undervalued based on the strength of their cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 14.60. Within the past 12 months, ATLC's P/CF has been as high as 6.74 and as low as 2.72, with a median of 4.47.
Value investors will likely look at more than just these metrics, but the above data helps show that Atlanticus is likely undervalued currently. And when considering the strength of its earnings outlook, ATLC sticks out at as one of the market's strongest value stocks.
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https://www.zacks.com/stock/news/2218729/is-atlanticus-atlc-stock-undervalued-right-now?
| 2024-01-31T16:57:04Z
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The proven Zacks Rank system focuses on earnings estimates and estimate revisions to find winning stocks. Nevertheless, we know that our readers all have their own perspectives, so we are always looking at the latest trends in value, growth, and momentum to find strong picks.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use tried-and-true metrics and fundamental analysis to find companies that they believe are undervalued at their current share price levels.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is DNOW INC (DNOW - Free Report) . DNOW is currently sporting a Zacks Rank of #2 (Buy), as well as a Value grade of A. The stock is trading with P/E ratio of 10.96 right now. For comparison, its industry sports an average P/E of 18.31. DNOW's Forward P/E has been as high as 15.41 and as low as 8.29, with a median of 11.02, all within the past year.
Another notable valuation metric for DNOW is its P/B ratio of 1.20. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This company's current P/B looks solid when compared to its industry's average P/B of 1.91. DNOW's P/B has been as high as 1.92 and as low as 1.12, with a median of 1.33, over the past year.
Value investors also love the P/S ratio, which is calculated by simply dividing a stock's price with the company's sales. This is a popular metric because sales are harder to manipulate on an income statement, so they are often considered a better performance indicator. DNOW has a P/S ratio of 0.47. This compares to its industry's average P/S of 1.04.
Finally, investors should note that DNOW has a P/CF ratio of 7.06. This metric takes into account a company's operating cash flow and can be used to find stocks that are undervalued based on their solid cash outlook. This stock's P/CF looks attractive against its industry's average P/CF of 7.62. Over the past year, DNOW's P/CF has been as high as 11.07 and as low as 6.58, with a median of 7.61.
Value investors will likely look at more than just these metrics, but the above data helps show that DNOW INC is likely undervalued currently. And when considering the strength of its earnings outlook, DNOW sticks out at as one of the market's strongest value stocks.
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https://www.zacks.com/stock/news/2218730/is-dnow-inc-dnow-stock-undervalued-right-now?
| 2024-01-31T16:57:10Z
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Here at Zacks, we focus on our proven ranking system, which places an emphasis on earnings estimates and estimate revisions, to find winning stocks. But we also understand that investors develop their own strategies, so we are constantly looking at the latest trends in value, growth, and momentum to find strong companies for our readers.
Of these, perhaps no stock market trend is more popular than value investing, which is a strategy that has proven to be successful in all sorts of market environments. Value investors use fundamental analysis and traditional valuation metrics to find stocks that they believe are being undervalued by the market at large.
Luckily, Zacks has developed its own Style Scores system in an effort to find stocks with specific traits. Value investors will be interested in the system's "Value" category. Stocks with both "A" grades in the Value category and high Zacks Ranks are among the strongest value stocks on the market right now.
One company value investors might notice is Mitsui & Co. (MITSY - Free Report) . MITSY is currently holding a Zacks Rank of #2 (Buy) and a Value grade of A. The stock is trading with a P/E ratio of 10.05, which compares to its industry's average of 15.98. MITSY's Forward P/E has been as high as 10.05 and as low as 5.62, with a median of 8.57, all within the past year.
Another valuation metric that we should highlight is MITSY's P/B ratio of 1.21. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. This stock's P/B looks solid versus its industry's average P/B of 2.08. Within the past 52 weeks, MITSY's P/B has been as high as 1.27 and as low as 0.93, with a median of 1.08.
These are just a handful of the figures considered in Mitsui & Co.'s great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that MITSY is an impressive value stock right now.
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https://www.zacks.com/stock/news/2218731/should-value-investors-buy-mitsui-co-mitsy-stock?
| 2024-01-31T16:57:16Z
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Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Of these, value investing is easily one of the most popular ways to find great stocks in any market environment. Value investors use a variety of methods, including tried-and-true valuation metrics, to find these stocks.
Zacks has developed the innovative Style Scores system to highlight stocks with specific traits. For example, value investors will be interested in stocks with great grades in the "Value" category. When paired with a high Zacks Rank, "A" grades in the Value category are among the strongest value stocks on the market today.
One company to watch right now is Sendas Distribuidora (ASAI - Free Report) . ASAI is currently sporting a Zacks Rank of #2 (Buy), as well as an A grade for Value.
Investors should also recognize that ASAI has a P/B ratio of 4.43. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. ASAI's current P/B looks attractive when compared to its industry's average P/B of 5.51. Over the past 12 months, ASAI's P/B has been as high as 7.40 and as low as 3.27, with a median of 4.27.
Value investors also frequently use the P/S ratio. This metric is found by dividing a stock's price with the company's revenue. Some people prefer this metric because sales are harder to manipulate on an income statement. This means it could be a truer performance indicator. ASAI has a P/S ratio of 0.3. This compares to its industry's average P/S of 0.73.
These are just a handful of the figures considered in Sendas Distribuidora's great Value grade. Still, they help show that the stock is likely being undervalued at the moment. Add this to the strength of its earnings outlook, and we can clearly see that ASAI is an impressive value stock right now.
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https://www.zacks.com/stock/news/2218732/should-value-investors-buy-sendas-distribuidora-asai-stock?
| 2024-01-31T16:57:23Z
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Toyota Motor Corporation (TM - Free Report)
Founded in 1973, Japan-based Toyota Motor Corporation is one of the leading automakers in the world in terms of sales and production. Its product portfolio consists of a full range of models from passenger cars and minivans to trucks as well as related parts and accessories. Apart from combustion-engine vehicles, the company is also working on fuel cell and automated vehicles. It plans to offer a committed electrified model or an electrified option for customers of Toyota or Lexus models by 2025. The company’s operations are classified into three segments — Automotive (91% of net revenues from external customers in fiscal 2023), Financial Services (7.5%) and All Other (3.3%).
TM is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 10.36; value investors should take notice.
For fiscal 2024, one analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.17 to $19.48 per share. TM boasts an average earnings surprise of 46.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, TM should be on investors' short list.
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https://www.zacks.com/stock/news/2218733/are-you-a-value-investor-this-1-stock-could-be-the-perfect-pick?-this-1-stock-could-be-the-perfect-pick
| 2024-01-31T16:57:29Z
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For new and old investors, taking full advantage of the stock market and investing with confidence are common goals. Zacks Premium provides lots of different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: McKesson (MCK - Free Report)
San Francisco, CA-based McKesson Corporation is a health care services and information technology company. McKesson operates through two segments:
MCK is a #2 (Buy) on the Zacks Rank, with a VGM Score of A.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 17.97; value investors should take notice.
For fiscal 2024, three analysts revised their earnings estimate upwards in the last 60 days, and the Zacks Consensus Estimate has increased $0.02 to $27.27 per share. MCK boasts an average earnings surprise of 8.9%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, MCK should be on investors' short list.
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https://www.zacks.com/stock/news/2218734/heres-why-mckesson-mck-is-a-strong-value-stock
| 2024-01-31T16:57:35Z
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank is a proprietary stock-rating model that harnesses the power of earnings estimate revisions, or changes to a company's earnings expectations, to help investors build a successful portfolio.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Oshkosh (OSK - Free Report)
Established in 1917, WI-based Oshkosh Corporation is a producer and seller of a varied range of vehicle bodies and specialty vehicles. It is also engaged in equipment financing and leasing solutions for its customers, primarily through third-party funding arrangements. Oshkosh has manufacturing operations in the United States, Australia, Canada, China, France, Mexico and the United Kingdom, apart from the seven states of the United States.
OSK is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of A thanks to attractive valuation metrics like a forward P/E ratio of 11.07; value investors should take notice.
Five analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.38 to $10.30 per share. OSK boasts an average earnings surprise of 46.8%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, OSK should be on investors' short list.
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https://www.zacks.com/stock/news/2218735/why-oshkosh-osk-is-a-top-value-stock-for-the-long-term
| 2024-01-31T16:57:42Z
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
For value investors, it's all about finding good stocks at good prices, and discovering which companies are trading under their true value before the broader market catches on. The Value Style Score utilizes ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to help pick out the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: The Bank of New York Mellon Corporation (BK - Free Report)
Headquartered in New York and formed as a holding company for The Bank of New York Mellon, The Bank of New York Mellon Corporation (popularly known as BNY Mellon) is a financial services company that has been in business since 1784. The company was incorporated on Jul 1, 2007, following the merger of The Bank of New York Company Inc. and Mellon Financial Corporation.
BK is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 10.85; value investors should take notice.
Six analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.19 to $5.16 per share. BK boasts an average earnings surprise of 10.6%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, BK should be on investors' short list.
See More Zacks Research for These Tickers
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https://www.zacks.com/stock/news/2218736/why-the-bank-of-new-york-mellon-corporation-bk-is-a-top-value-stock-for-the-long-term
| 2024-01-31T16:57:48Z
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For those looking to find strong Medical stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Cardinal Health (CAH - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Medical peers, we might be able to answer that question.
Cardinal Health is a member of our Medical group, which includes 1074 different companies and currently sits at #9 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Cardinal Health is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for CAH's full-year earnings has moved 4% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CAH has returned 6.2% so far this year. Meanwhile, stocks in the Medical group have lost about 0.3% on average. This means that Cardinal Health is performing better than its sector in terms of year-to-date returns.
CSL Limited Sponsored ADR (CSLLY - Free Report) is another Medical stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 0.8%.
The consensus estimate for CSL Limited Sponsored ADR's current year EPS has increased 13.5% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Cardinal Health belongs to the Medical - Dental Supplies industry, a group that includes 15 individual stocks and currently sits at #112 in the Zacks Industry Rank. On average, stocks in this group have gained 16.1% this year, meaning that CAH is slightly underperforming its industry in terms of year-to-date returns.
CSL Limited Sponsored ADR, however, belongs to the Medical - Biomedical and Genetics industry. Currently, this 520-stock industry is ranked #99. The industry has moved -13% so far this year.
Cardinal Health and CSL Limited Sponsored ADR could continue their solid performance, so investors interested in Medical stocks should continue to pay close attention to these stocks.
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https://www.zacks.com/stock/news/2218740/are-medical-stocks-lagging-cardinal-health-cah-this-year?
| 2024-01-31T16:57:54Z
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For those looking to find strong Aerospace stocks, it is prudent to search for companies in the group that are outperforming their peers. Has FTAI Aviation (FTAI - Free Report) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.
FTAI Aviation is one of 47 individual stocks in the Aerospace sector. Collectively, these companies sit at #2 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. FTAI Aviation is currently sporting a Zacks Rank of #2 (Buy).
Within the past quarter, the Zacks Consensus Estimate for FTAI's full-year earnings has moved 59.5% higher. This signals that analyst sentiment is improving and the stock's earnings outlook is more positive.
Based on the most recent data, FTAI has returned 16.7% so far this year. At the same time, Aerospace stocks have lost an average of 4.7%. This means that FTAI Aviation is outperforming the sector as a whole this year.
One other Aerospace stock that has outperformed the sector so far this year is Rolls-Royce Holdings PLC (RYCEY - Free Report) . The stock is up 2.4% year-to-date.
For Rolls-Royce Holdings PLC, the consensus EPS estimate for the current year has increased 11.6% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, FTAI Aviation belongs to the Aerospace - Defense Equipment industry, which includes 21 individual stocks and currently sits at #39 in the Zacks Industry Rank. This group has gained an average of 24.4% so far this year, so FTAI is slightly underperforming its industry in this area. Rolls-Royce Holdings PLC is also part of the same industry.
FTAI Aviation and Rolls-Royce Holdings PLC could continue their solid performance, so investors interested in Aerospace stocks should continue to pay close attention to these stocks.
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https://www.zacks.com/stock/news/2218741/are-aerospace-stocks-lagging-ftai-aviation-ltd-ftai-this-year?
| 2024-01-31T16:58:00Z
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Investors interested in Transportation stocks should always be looking to find the best-performing companies in the group. Is Pangaea Logistics (PANL - Free Report) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.
Pangaea Logistics is one of 133 companies in the Transportation group. The Transportation group currently sits at #5 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Pangaea Logistics is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past three months, the Zacks Consensus Estimate for PANL's full-year earnings has moved 93.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, PANL has returned 15.5% so far this year. In comparison, Transportation companies have returned an average of 13.7%. This means that Pangaea Logistics is performing better than its sector in terms of year-to-date returns.
One other Transportation stock that has outperformed the sector so far this year is ZIM Integrated Shipping Services (ZIM - Free Report) . The stock is up 50.3% year-to-date.
In ZIM Integrated Shipping Services' case, the consensus EPS estimate for the current year increased 133.3% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Pangaea Logistics belongs to the Transportation - Shipping industry, which includes 37 individual stocks and currently sits at #75 in the Zacks Industry Rank. On average, stocks in this group have gained 35.4% this year, meaning that PANL is slightly underperforming its industry in terms of year-to-date returns. ZIM Integrated Shipping Services is also part of the same industry.
Going forward, investors interested in Transportation stocks should continue to pay close attention to Pangaea Logistics and ZIM Integrated Shipping Services as they could maintain their solid performance.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Pangaea Logistics Solutions Ltd. (PANL) - free report >>
ZIM Integrated Shipping Services Ltd. (ZIM) - free report >>
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https://www.zacks.com/stock/news/2218742/are-transportation-stocks-lagging-pangaea-logistics-solutions-panl-this-year?
| 2024-01-31T16:58:07Z
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Ameriprise Financial Services (AMP - Free Report)
Headquartered in Minneapolis, MN, Ameriprise Financial, Inc. was founded in 1894 under the name Investors Syndicate. Notably, since 2005-end, Ameriprise has been operating independently of American Express Company. As of Sep 30, 2023, the company owned, managed and administered assets worth $1.23 trillion.
AMP is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 11.56; value investors should take notice.
Five analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.66 to $34.05 per share. AMP also boasts an average earnings surprise of 1.5%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, AMP should be on investors' short list.
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https://www.zacks.com/stock/news/2218743/heres-why-ameriprise-financial-services-amp-is-a-strong-value-stock
| 2024-01-31T16:58:13Z
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
It also includes access to the Zacks Style Scores.
What are the Zacks Style Scores?
Developed alongside the Zacks Rank, the Zacks Style Scores are a group of complementary indicators that help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum investors, who live by the saying "the trend is your friend," are most interested in taking advantage of upward or downward trends in a stock's price or earnings outlook. Utilizing one-week price change and the monthly percentage change in earnings estimates, among other factors, the Momentum Style Score can help determine favorable times to buy high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
You want to make sure you're buying stocks with the highest likelihood of success, and to do that, you'll need to pick stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you like a stock that only as a #3 (Hold) rank, it should also have Scores of A or B to guarantee as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Gentex (GNTX - Free Report)
Zeeland, MI-based Gentex Corporation is engaged in supplying automatic-dimming rear-view mirrors and electronics to the automotive industry; fire protection products to the fire protection market and dimmable aircraft windows to the aviation market.
GNTX is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
It also boasts a Value Style Score of B thanks to attractive valuation metrics like a forward P/E ratio of 15.57; value investors should take notice.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.02 to $2.16 per share. GNTX also boasts an average earnings surprise of 12.2%.
With a solid Zacks Rank and top-tier Value and VGM Style Scores, GNTX should be on investors' short list.
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https://www.zacks.com/stock/news/2218744/are-you-a-value-investor-this-1-stock-could-be-the-perfect-pick?-this-1-stock-could-be-the-perfect-pick
| 2024-01-31T16:58:19Z
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The Consumer Staples group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has Carlsberg AS (CABGY - Free Report) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Staples sector should help us answer this question.
Carlsberg AS is one of 193 companies in the Consumer Staples group. The Consumer Staples group currently sits at #13 within the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven system that emphasizes earnings estimates and estimate revisions, highlighting a variety of stocks that are displaying the right characteristics to beat the market over the next one to three months. Carlsberg AS is currently sporting a Zacks Rank of #2 (Buy).
The Zacks Consensus Estimate for CABGY's full-year earnings has moved 0.4% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, CABGY has returned 4.7% so far this year. At the same time, Consumer Staples stocks have lost an average of 4.4%. As we can see, Carlsberg AS is performing better than its sector in the calendar year.
One other Consumer Staples stock that has outperformed the sector so far this year is Coca-Cola European (CCEP - Free Report) . The stock is up 3.6% year-to-date.
The consensus estimate for Coca-Cola European's current year EPS has increased 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Breaking things down more, Carlsberg AS is a member of the Beverages - Alcohol industry, which includes 19 individual companies and currently sits at #92 in the Zacks Industry Rank. This group has lost an average of 4% so far this year, so CABGY is performing better in this area.
On the other hand, Coca-Cola European belongs to the Beverages - Soft drinks industry. This 16-stock industry is currently ranked #86. The industry has moved +6.7% year to date.
Carlsberg AS and Coca-Cola European could continue their solid performance, so investors interested in Consumer Staples stocks should continue to pay close attention to these stocks.
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https://www.zacks.com/stock/news/2218748/is-carlsberg-cabgy-stock-outpacing-its-consumer-staples-peers-this-year?
| 2024-01-31T16:58:25Z
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For those looking to find strong Utilities stocks, it is prudent to search for companies in the group that are outperforming their peers. Is E.ON SE (EONGY - Free Report) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Utilities peers, we might be able to answer that question.
E.ON SE is a member of our Utilities group, which includes 104 different companies and currently sits at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different groups, measuring the average Zacks Rank of the individual stocks within the sector to gauge the strength of each group.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. E.ON SE is currently sporting a Zacks Rank of #2 (Buy).
Over the past 90 days, the Zacks Consensus Estimate for EONGY's full-year earnings has moved 0.9% higher. This shows that analyst sentiment has improved and the company's earnings outlook is stronger.
Based on the most recent data, EONGY has returned 0.4% so far this year. Meanwhile, stocks in the Utilities group have lost about 7% on average. This means that E.ON SE is performing better than its sector in terms of year-to-date returns.
Veolia Environnement SA (VEOEY - Free Report) is another Utilities stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 3.2%.
The consensus estimate for Veolia Environnement SA's current year EPS has increased 4.1% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy).
Looking more specifically, E.ON SE belongs to the Utility - Electric Power industry, a group that includes 58 individual stocks and currently sits at #169 in the Zacks Industry Rank. On average, stocks in this group have lost 10% this year, meaning that EONGY is performing better in terms of year-to-date returns.
Veolia Environnement SA, however, belongs to the Utility - Water Supply industry. Currently, this 13-stock industry is ranked #27. The industry has moved -7.1% so far this year.
E.ON SE and Veolia Environnement SA could continue their solid performance, so investors interested in Utilities stocks should continue to pay close attention to these stocks.
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https://www.zacks.com/stock/news/2218749/are-utilities-stocks-lagging-eon-eongy-this-year?
| 2024-01-31T16:58:32Z
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Boston Properties Inc.’s (BXP - Free Report) fourth-quarter 2023 funds from operations (FFO) per share of $1.82 outpaced the Zacks Consensus Estimate by a penny. However, the reported figure fell 2.2% year over year.
BXP’s quarterly results reflect better-than-anticipated revenues on healthy leasing activity. However, higher interest expenses during the quarter marred its year-over-year FFO per share growth. BXP also issued its guidance for 2024 FFO per share.
Quarterly revenues from lease came in at $768.9 million, up 4% year over year. The Zacks Consensus Estimate was pegged at $762.3 million. Total revenues increased 5% from the prior-year quarter to $828.9 million.
In 2023, Boston Properties reported an FFO per share of $7.28, which beat the Zacks Consensus Estimate of $7.27. The figure compared unfavorably with the prior year’s $7.53. Lease revenues of $3.05 billion were in line with the Zacks Consensus Estimate and increased 4.7% year over year.
Quarter in Detail
Boston Properties’ rental revenues (excluding termination income) for the office portfolio came in at $743.5 million, which rose 1.1% year over year. For the hotel & residential segment, the metric aggregated $23.6 million, indicating a jump of 4.7% year over year. On a consolidated basis, BXP’s rental revenues (excluding termination income) came in at $767.1 million, up 1.2% year over year.
BXP’s share of same property net operating income (NOI) on a cash basis (excluding termination income) totaled $430.2 million, which declined marginally from the prior-year quarter.
Its share of EBITDAre (on a cash basis), as of Dec 31, 2023, was $457.1 million, down 2.1% from $466.8 million as of Sep 30, 2023.
BXP’s in-service properties occupancy fell 40 basis points sequentially to 88.4%. We estimated the metric to be 88.6%.
BXP’s quarterly interest expenses were up 29.3% year over year to $155.1 million.
Portfolio Activity
As of Dec 31, 2023, Boston Properties’ portfolio comprised 188 properties encompassing 53.3 million square feet of space. This included ten properties under construction/redevelopment.
During the fourth quarter, the company executed more than 1.5 million square feet of leases with a weighted average lease term of 8.4 years.
Boston Properties entered into agreements with Norges Bank Investment Management to divest 45% of its interest in two life sciences development properties — 290 Binney Street and 300 Binney Street — in Kendall Square in Cambridge, MA, to the bank.
Balance Sheet Position
Boston Properties exited fourth-quarter 2023 with cash and cash equivalents of $1.53 billion, up from $882.6 million as of Sep 30, 2023.
BXP’s share of net debt to EBITDAre annualized was 7.37 as of Dec 31, 2023, up from 7.28 times as of Sep 30, 2023.
2024 Outlook
Boston Properties projects FFO per share for first-quarter 2024 to be in the range of $1.72-$1.74.
For 2024, FFO per share is expected to be in the band of $7.00-$7.20. The Zacks Consensus Estimate for the same is currently pegged at $7.14, which lies in the guided range.
BXP estimates the decrease in its share of the same property NOI on a cash basis (excluding termination income) to be between 3% and 1% for 2024. The average in-service portfolio occupancy is expected to be in the band of 87.20-88.60%.
Boston Properties currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Performance of Other REITs
SL Green Realty Corp. (SLG - Free Report) reported fourth-quarter 2023 FFO per share of 72 cents, lagging the Zacks Consensus Estimate of 88 cents per share. The figure fell 50.7% from the year-ago quarter’s $1.46.
The results reflect lower-than-anticipated revenues despite decent leasing activity in its Manhattan portfolio. However, lower interest expenses and a rise in same-store cash NOI during the quarter were commendable. SLG raised its guidance for 2024 FFO per share.
Crown Castle Inc. (CCI - Free Report) reported fourth-quarter 2023 adjusted funds from operations (AFFO) per share of $1.82, outpacing the Zacks Consensus Estimate of $1.79. However, the reported figure declined 1.6% from the year-ago quarter.
Results reflect better-than-anticipated revenues aided by healthy site-rental revenue growth. However, higher interest expense on debt obligations and lower contributions from adjusted EBITDA were undermining factors. CCI maintained its outlook for 2024.
Alexandria Real Estate Equities, Inc. (ARE - Free Report) reported fourth-quarter 2023 AFFO per share of $2.28, missing the Zacks Consensus Estimate by a penny. However, the reported figure climbed 6.5% from the year-ago quarter.
Results reflect lower-than-anticipated AFFO per share. However, a rise in revenues, aided by decent leasing activity and rental rate growth, supports the results to some extent. ARE also issued its 2024 outlook.
Note: Anything related to earnings presented in this write-up represents FFO, a widely used metric to gauge the performance of REITs.
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https://www.zacks.com/stock/news/2218751/boston-properties-bxp-q4-ffo-revenues-top-24-view-issued?-revenues-top,-%2724-view-issued
| 2024-01-31T16:58:38Z
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
Featuring daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, the research service can help you become a smarter, more self-assured investor.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
With more than 800 top-rated stocks to choose from, it can certainly feel overwhelming to pick the ones that are right for you and your investing journey.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: General Motors Company (GM - Free Report)
One of the world’s largest automakers, General Motors held the largest share of the U.S. auto market at 16% in 2022. Headquartered in Detroit, the auto giant has had a long and checkered history. Founded in 1908, the company rose to dominate the U.S. industry. However, hit by the financial crisis, General Motors filed for bankruptcy on Jun 1, 2009. Just within 40 days, the firm emerged from bankruptcy. In 2010, the company launched its IPO – the biggest in U.S. history at that time – and has been steadily profitable since then. From going bankrupt in 2009 to becoming one of the world’s best-run car companies, General Motors has indeed come a long way.
GM is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Auto-Tires-Trucks stock. GM has a Momentum Style Score of A, and shares are up 5.8% over the past four weeks.
Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.63 to $7.84 per share. GM also boasts an average earnings surprise of 20%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, GM should be on investors' short list.
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https://www.zacks.com/stock/news/2218752/are-you-a-momentum-investor-this-1-stock-could-be-the-perfect-pick?-this-1-stock-could-be-the-perfect-pick
| 2024-01-31T16:58:44Z
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blocked_url
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It doesn't matter your age or experience: taking full advantage of the stock market and investing with confidence are common goals for all investors. Luckily, Zacks Premium offers several different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is assigned a rating of A, B, C, D, or F based on their value, growth, and momentum characteristics. Just like in school, an A is better than a B, a B is better than a C, and so on -- that means the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
While good value is important, growth investors are more focused on a company's financial strength and health, and its future outlook. The Growth Style Score takes projected and historic earnings, sales, and cash flow into account to uncover stocks that will see long-term, sustainable growth.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Textron (TXT - Free Report)
Textron Inc., incorporated in 1923, is a global multi-industry company that manufactures aircraft, automotive engine components and industrial tools. It also offers solutions and services for aircraft, fastening systems, and industrial products and components. Its products include commercial and military helicopters, light- and mid-size business jets, plastic fuel tanks, automotive trim products, golf carts and utility vehicles, turf-car equipment, industrial pumps and gears. It is a commercial finance company in select markets. Textron is known globally for its most recognizable and valuable brand names, such as Bell Helicopter, Cessna Aircraft Company, Jacobsen, Kautex, E-Z-GO and Greenlee.
TXT is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of A.
Momentum investors should take note of this Aerospace stock. TXT has a Momentum Style Score of A, and shares are up 6.9% over the past four weeks.
Four analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0.25 to $6.02 per share. TXT also boasts an average earnings surprise of 13.5%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, TXT should be on investors' short list.
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https://www.zacks.com/stock/news/2218753/why-textron-txt-is-a-top-momentum-stock-for-the-long-term
| 2024-01-31T16:58:50Z
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blocked_url
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Merit Medical (MMSI - Free Report)
South Jordan, UT-headquartered Merit Medical Systems, Inc. provides various peripheral and cardiac intervention products to cure cardiac conditions specific to interventional cardiology and electrophysiology.
MMSI is a #2 (Buy) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Medical stock. MMSI has a Momentum Style Score of A, and shares are up 3.4% over the past four weeks.
Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2023. The Zacks Consensus Estimate has increased $0.01 to $2.97 per share. MMSI boasts an average earnings surprise of 14.4%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, MMSI should be on investors' short list.
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https://www.zacks.com/stock/news/2218754/heres-why-merit-medical-mmsi-is-a-strong-momentum-stock
| 2024-01-31T16:58:57Z
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
A proprietary stock-rating model, the Zacks Rank utilizes the power of earnings estimate revisions, or changes to a company's earnings outlook, to help investors create a successful portfolio.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: ServiceNow (NOW - Free Report)
Santa Clara, CA-based ServiceNow Inc. provides cloud computing services that automate digital workflows to accelerate enterprise IT operations. The company’s Now Platform enables enterprises to enhance productivity by streamlining system processes.
NOW is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Computer and Technology stock. NOW has a Momentum Style Score of A, and shares are up 14.3% over the past four weeks.
11 analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.39 to $13.18 per share. NOW boasts an average earnings surprise of 14.6%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, NOW should be on investors' short list.
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https://www.zacks.com/stock/news/2218755/why-servicenow-now-is-a-top-momentum-stock-for-the-long-term
| 2024-01-31T16:59:03Z
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BRUSSELS - The European Union will fall far short of its target of sending one million artillery shells to Ukraine by March, it said on Wednesday, adding that just over half that number would be delivered by the deadline.
Speaking after an EU defence ministers' meeting in Brussels, the bloc's top diplomat, Josep Borrell, said around 52% of the promised rounds would be delivered by March, with the original target to be reached by the end of the year.
The target was set in response to Ukraine's need for 155-mm artillery shells, which have become a key element in its fight against Russia's 2022 invasion as the conflict descends into an intense war of attrition.
"There was some initial inertia, but then once things get set in motion, they can speed up," Borrell said by way of explanation as to why the EU will not meet its own deadline.
According to the EU's foreign policy chief, the production capacity for artillery shells in Europe has gone up 40% since the start of the war and is expected to reach 1.4 million rounds a year by the end of 2024.
The European Defence Agency has signed 60 framework contracts for the joint procurement of 155-mm ammunition alone, Borrell told reporters.
"These contracts have the remaining spare capacity for an estimated volume of 1.5 million (shells)," he said, adding he had encouraged countries to place orders.
"Ukraine needs more support, and that is a message I passed on to member states: You have to do more and quick, because in the frontline, the battle is fierce."
The EU ministers had also agreed to train another 20,000 Ukrainian soldiers, Borrell said, on top of 40,000 already trained. REUTERS
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https://www.straitstimes.com/asia/eu-will-only-supply-half-of-promised-shells-to-ukraine-by-march-borrell
| 2024-01-31T16:59:06Z
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The research service features daily updates of the Zacks Rank and Zacks Industry Rank, full access to the Zacks #1 Rank List, Equity Research reports, and Premium stock screens, all of which will help you become a smarter, more confident investor.
Zacks Premium includes access to the Zacks Style Scores as well.
What are the Zacks Style Scores?
The Zacks Style Scores, developed alongside the Zacks Rank, are complementary indicators that rate stocks based on three widely-followed investing methodologies; they also help investors pick stocks with the best chances of beating the market over the next 30 days.
Each stock is given an alphabetic rating of A, B, C, D or F based on their value, growth, and momentum qualities. With this system, an A is better than a B, a B is better than a C, and so on, meaning the better the score, the better chance the stock will outperform.
The Style Scores are broken down into four categories:
Value Score
Finding good stocks at good prices, and discovering which companies are trading under their true value, are what value investors like to focus on. So, the Value Style Score takes into account ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and a host of other multiples to highlight the most attractive and discounted stocks.
Growth Score
Growth investors, on the other hand, are more concerned with a company's financial strength and health, and its future outlook. The Growth Style Score examines things like projected and historic earnings, sales, and cash flow to find stocks that will experience sustainable growth over time.
Momentum Score
Momentum traders and investors live by the saying "the trend is your friend." This investing style is all about taking advantage of upward or downward trends in a stock's price or earnings outlook. Employing factors like one-week price change and the monthly percentage change in earnings estimates, the Momentum Style Score can indicate favorable times to build a position in high-momentum stocks.
VGM Score
If you like to use all three kinds of investing, then the VGM Score is for you. It's a combination of all Style Scores, and is an important indicator to use with the Zacks Rank. The VGM Score rates each stock on their shared weighted styles, narrowing down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
Investors can count on the Zacks Rank's success, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988, more than double the S&P 500's performance. But the model rates a large number of stocks, and there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To maximize your returns, you want to buy stocks with the highest probability of success. This means picking stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B. If you find yourself looking at stocks with a #3 (Hold) rank, make sure they have Scores of A or B as well to ensure as much upside potential as possible.
The direction of a stock's earnings estimate revisions should always be a key factor when choosing which stocks to buy, since the Scores were created to work together with the Zacks Rank.
Here's an example: a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one with Style Scores of A and B, still has a downward-trending earnings outlook, and a bigger chance its share price will decrease too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Juniper Networks (JNPR - Free Report)
Based in Sunnyvale, CA, Juniper Networks, Inc. is a leading provider of networking solutions and communication devices. The company develops, designs and sells products that help to build network infrastructure used for services and applications based on single Internet protocol network worldwide. The company caters to the networking needs of enterprises and public sector organizations and service providers across the globe. Hence, the two primary markets for its networking products and services happen to be Enterprise and Service Provider. Juniper offers a broad range of routing, switching and security products. Routing includes products and services from the E, M, MX, PTX, T Series, and ACX router families. Switching primarily consists of products and services for EX Series and wireless local area network solutions as well as QFabric. Security includes High-End SRX services and vGW Virtual Gateways, High-End Firewall virtual private network (VPN) systems and appliances, branch SRX, branch firewall, and J-Series product families, secure socket layer VPN appliances, intrusion detection and prevention appliances, and wide area network optimization platforms.
JNPR is a #1 (Strong Buy) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Computer and Technology stock. JNPR has a Momentum Style Score of B, and shares are up 26.7% over the past four weeks.
One analysts revised their earnings estimate higher in the last 60 days for fiscal 2024, while the Zacks Consensus Estimate has increased $0 to $2.33 per share. JNPR also boasts an average earnings surprise of 5.4%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, JNPR should be on investors' short list.
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https://www.zacks.com/stock/news/2218760/are-you-a-momentum-investor-this-1-stock-could-be-the-perfect-pick?-this-1-stock-could-be-the-perfect-pick
| 2024-01-31T16:59:09Z
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Taking full advantage of the stock market and investing with confidence are common goals for new and old investors, and Zacks Premium offers many different ways to do both.
The popular research service can help you become a smarter, more self-assured investor, giving you access to daily updates of the Zacks Rank and Zacks Industry Rank, the Zacks #1 Rank List, Equity Research reports, and Premium stock screens.
Zacks Premium also includes the Zacks Style Scores.
What are the Zacks Style Scores?
The Zacks Style Scores is a unique set of guidelines that rates stocks based on three popular investing types, and were developed as complementary indicators for the Zacks Rank. This combination helps investors choose securities with the highest chances of beating the market over the next 30 days.
Based on their value, growth, and momentum characteristics, each stock is assigned a rating of A, B, C, D, or F. The better the score, the better chance the stock will outperform; an A is better than a B, a B is better than a C, and so on.
The Style Scores are broken down into four categories:
Value Score
Value investors love finding good stocks at good prices, especially before the broader market catches on to a stock's true value. Utilizing ratios like P/E, PEG, Price/Sales, Price/Cash Flow, and many other multiples, the Value Style Score identifies the most attractive and most discounted stocks.
Growth Score
Growth investors are more concerned with a stock's future prospects, and the overall financial health and strength of a company. Thus, the Growth Style Score analyzes characteristics like projected and historic earnings, sales, and cash flow to find stocks that will see sustainable growth over time.
Momentum Score
Momentum trading is all about taking advantage of upward or downward trends in a stock's price or earnings outlook, and these investors live by the saying "the trend is your friend." The Momentum Style Score can pinpoint good times to build a position in a stock, using factors like one-week price change and the monthly percentage change in earnings estimates.
VGM Score
What if you like to use all three types of investing? The VGM Score is a combination of all Style Scores, making it one of the most comprehensive indicators to use with the Zacks Rank. It rates each stock on their combined weighted styles, which helps narrow down the companies with the most attractive value, best growth forecast, and most promising momentum.
How Style Scores Work with the Zacks Rank
The Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.
#1 (Strong Buy) stocks have produced an unmatched +25.41% average annual return since 1988, which is more than double the S&P 500's performance over the same time frame. However, the Zacks Rank examines a ton of stocks, and there can be more than 200 companies with a Strong Buy rank, and another 600 with a #2 (Buy) rank, on any given day.
But it can feel overwhelming to pick the right stocks for you and your investing goals with over 800 top-rated stocks to choose from.
That's where the Style Scores come in.
To have the best chance of big returns, you'll want to always consider stocks with a Zacks Rank #1 or #2 that also have Style Scores of A or B, which will give you the highest probability of success. If you're looking at stocks with a #3 (Hold) rank, it's important they have Scores of A or B as well to ensure as much upside potential as possible.
Since the Scores were created to work together with the Zacks Rank, the direction of a stock's earnings estimate revisions should be a key factor when choosing which stocks to buy.
A stock with a #4 (Sell) or #5 (Strong Sell) rating, for instance, even one with Scores of A and B, will still have a declining earnings forecast, and a greater chance its share price will fall too.
Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.
Stock to Watch: Sherwin-Williams (SHW - Free Report)
Founded in 1866 and headquartered in Cleveland, OH, The Sherwin-Williams Company is into manufacturing and sales of paints, coatings and related products, primarily in the North and South America. It also has operations in the Caribbean region, Europe and Asia. Sherwin-Williams is one of the biggest paint companies in the United States and in the world. Its well-known brands include Dutch Boy, Minwax and Krylon. The company, on Jun 1, 2017, completed the purchase of rival paints maker Valspar in an all-cash transaction, creating a premier global paints and coatings company.
SHW is a #3 (Hold) on the Zacks Rank, with a VGM Score of B.
Momentum investors should take note of this Construction stock. SHW has a Momentum Style Score of A, and shares are up 0.9% over the past four weeks.
Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2024. The Zacks Consensus Estimate has increased $0.21 to $11.44 per share. SHW boasts an average earnings surprise of 12.1%.
With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, SHW should be on investors' short list.
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https://www.zacks.com/stock/news/2218761/heres-why-sherwin-williams-shw-is-a-strong-momentum-stock
| 2024-01-31T16:59:15Z
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KYIV - For Ukrainian armed forces commander General Valeriy Zaluzhnyi, even his status as national hero for leading the war effort against Moscow's invading forces is not enough to quash questions over whether he will keep his job.
A series of Western and Ukrainian media reports this week said that President Volodymyr Zelenskiy had asked Zaluzhnyi to step aside this week, a request he declined.
A source familiar with the matter told Reuters on Wednesday that ground forces commander Oleksandr Syrskyi had been offered Zaluzhnyi's job but turned it down.
The Ukrainian General Staff and president's office did not immediately respond to requests for comment on the approach to Syrskyi.
Ukrainian forces are currently struggling in the battlefield.
A much-anticipated summer counteroffensive made little headway in the south and east, and Russian forces are inflicting small but costly defeats along the 1,000-km front.
Western military and financial support is increasingly hard to come by, leaving Kyiv more exposed to regular attacks by Russian drones and missiles that are sapping its energy.
The state of the war is not down to Zaluzhnyi alone, but given his popularity and proven ability as an inspiring commander, the fact that Kyiv may be seeking to replace him may reflect the desire for a fresh approach to the war.
A HERO TO MANY
Defying overwhelming odds, Ukraine's soldiers used stealth and speed to thwart Russia's advance on Kyiv, helping to ensure that, even now, Russian President Vladimir Putin remains a long way from conquering Ukraine.
As the war progressed, Zaluzhnyi's stock only rose, and he won praise at home and abroad when his forces launched major counteroffensives in the northeast and south that recaptured huge swathes of land and raised hopes of an unlikely victory.
A portrait of him smiling and flashing the peace sign was spray-painted on walls after the liberation of the southern city of Kherson, under the slogan "God and Zaluzhnyi are with us".
Since then, Ukraine's battlefield momentum has stalled, yet polling indicated that Zaluzhnyi was still trusted by 92% of Ukrainians late last year, significantly above Zelenskiy's 77%.
Reported frictions burst into the open in November after Zaluzhnyi was quoted by the Economist as saying the war as at a "stalemate", in a gloomy assessment that jarred with Zelenskiy's more optimistic vision.
The 50-year-old four-star general, who rarely speaks in public but is occasionally shown on news bulletins poring over maps and addressing commanders in fatigues, argued that better technology is the key to breaking the impasse.
The president's office rebuked him, and one of Zaluzhnyi's senior officers said he had been sacked by Zelenskiy over the general's head.
Were he to be removed and go into politics - though he has never voiced political ambitions - the "Iron General" could prove a formidable rival to anyone.
THE BURLY 'VOLUNTEER'
Zaluzhnyi began his military training in the 1990s, after Ukraine gained independence from the Soviet Union, graduating with honours and rising up the ranks.
He got a taste of real conflict in 2014 when he served in an area of eastern Ukraine where Russian-backed militants had seized territory.
Tall and burly with cropped hair, Zaluzhnyi, whose military call sign is "Volunteer", has a reputation for having a good rapport with his subordinates and allowing local commanders to make their own decisions on the battlefield.
To many, he felt like a breath of fresh air among Ukraine's older Soviet-style generals, and embodied Kyiv's desire to break with the Soviet military practices it had inherited.
His warning in November that the war was sliding into an attritional phase that suited Russia was out of kilter with Kyiv's official rhetoric, but for many of his soldiers it was recognition of the painful reality on the battlefield.
Russia had been building up fortifications since late 2022 after suffering humiliating defeats in Kharkiv and Kherson regions, with more recent Ukrainian advances thwarted.
Tens of thousands of soldiers have been killed and wounded on both sides, although there are no reliable official figures.
Ukraine desperately needs to replenish its overstretched and exhausted ranks, but the government has been unable to amend call-up laws to help recruit up to half a million more soldiers.
Kyiv is also struggling to maintain Western support that has been vital to its war effort. Both the United States and the European Union have in the last two months failed to deliver hefty aid packages that they had promised.
It all means that, as deadliest conflict in Europe since World War Two enters its third year, Zaluzhnyi's boots would be very hard to fill. REUTERS
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https://www.straitstimes.com/asia/questions-swirl-over-future-of-ukraines-popular-iron-general
| 2024-01-31T16:59:16Z
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Shares of NetScout Systems (NTCT - Free Report) have gained 1% over the past four weeks to close the last trading session at $21.60, but there could still be a solid upside left in the stock if short-term price targets of Wall Street analysts are any indication. Going by the price targets, the mean estimate of $29 indicates a potential upside of 34.3%.
The mean estimate comprises three short-term price targets with a standard deviation of $7.81. While the lowest estimate of $24 indicates an 11.1% increase from the current price level, the most optimistic analyst expects the stock to surge 75.9% to reach $38. It's very important to note the standard deviation here, as it helps understand the variability of the estimates. The smaller the standard deviation, the greater the agreement among analysts.
While the consensus price target is a much-coveted metric for investors, solely banking on this metric to make an investment decision may not be wise at all. That's because the ability and unbiasedness of analysts in setting price targets have long been questionable.
However, an impressive consensus price target is not the only factor that indicates a potential upside in NTCT. This view is strengthened by the agreement among analysts that the company will report better earnings than what they estimated earlier. Though a positive trend in earnings estimate revisions doesn't give any idea as to how much the stock could surge, it has proven effective in predicting an upside.
Here's What You May Not Know About Analysts' Price Targets
According to researchers at several universities across the globe, a price target is one of many pieces of information about a stock that misleads investors far more often than it guides. In fact, empirical research shows that price targets set by several analysts, irrespective of the extent of agreement, rarely indicate where the price of a stock could actually be heading.
While Wall Street analysts have deep knowledge of a company's fundamentals and the sensitivity of its business to economic and industry issues, many of them tend to set overly optimistic price targets. Are you wondering why?
They usually do that to drum up interest in shares of companies that their firms either have existing business relationships with or are looking to be associated with. In other words, business incentives of firms covering a stock often result in inflated price targets set by analysts.
However, a tight clustering of price targets, which is represented by a low standard deviation, indicates that analysts have a high degree of agreement about the direction and magnitude of a stock's price movement. While that doesn't necessarily mean the stock will hit the average price target, it could be a good starting point for further research aimed at identifying the potential fundamental driving forces.
That said, while investors should not entirely ignore price targets, making an investment decision solely based on them could lead to disappointing ROI. So, price targets should always be treated with a high degree of skepticism.
Here's Why There Could be Plenty of Upside Left in NTCT
There has been increasing optimism among analysts lately about the company's earnings prospects, as indicated by strong agreement among them in revising EPS estimates higher. And that could be a legitimate reason to expect an upside in the stock. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
Over the last 30 days, the Zacks Consensus Estimate for the current year has increased 6.4%, as two estimates have moved higher compared to no negative revision.
Moreover, NTCT currently has 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 four factors related to earnings estimates. Given an impressive externally-audited track record, this is a more conclusive indication of the stock's potential upside in the near term. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Therefore, while the consensus price target may not be a reliable indicator of how much NTCT could gain, the direction of price movement it implies does appear to be a good guide.
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https://www.zacks.com/stock/news/2218765/how-much-upside-is-left-in-netscout-ntct-wall-street-analysts-think-3426?-wall-street-analysts-think-34.26
| 2024-01-31T16:59:22Z
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UNITED NATIONS - U.N. Secretary-General Antonio Guterres on Wednesday described the U.N. Palestinian refugee agency (UNRWA) as "the backbone of all humanitarian response in Gaza" and appealed to all countries to "guarantee the continuity of UNRWA's lifesaving work."
The United States is the biggest donor to the U.N. Relief and Works Agency for Palestine Refugees in the Near East and has temporarily paused its funding - along with several other countries - after Israel accused some agency staff of taking part in the Oct. 7 attack by Hamas militants.
"I was personally horrified by these accusations," Guterres told the U.N. Committee on the Exercise of the Inalienable Rights of the Palestinian People. "Yesterday, I met with donors to listen to their concerns and to outline the steps we are taking to address them."
The accusations became public on Friday when UNRWA announced it had fired some staff after Israel provided the agency with information. Guterres said on Sunday that of 12 people implicated nine were fired, one is dead, and the identity of the remaining two was being clarified.
An Israeli intelligence dossier, seen by Reuters on Monday, includes accusations that some UNRWA staff took part in abductions and killings during the Oct. 7 raid that sparked the Gaza war and alleges some 190 UNRWA employees have doubled as Hamas or Islamic Jihad militants.
The Palestinians have accused Israel of falsifying information to tarnish UNRWA. UNRWA employs 13,000 people in Gaza, running schools, its primary healthcare clinics and other social services, and distributing humanitarian aid.
"The humanitarian system in Gaza is collapsing," Guterres said. "I am extremely concerned by the inhumane conditions faced by Gaza's 2.2 million people, as they struggle to survive without any of the basics." REUTERS
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https://www.straitstimes.com/asia/un-chief-says-unrwa-is-backbone-of-gaza-aid-response
| 2024-01-31T16:59:27Z
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