Advertisements


Earnings Scheduled For May 26, 2021

  Companies Reporting Before The Bell • Boqii Holding (NYSE:BQ) is expected to report quarterly loss at $0.14 per share on revenue of $35.05 million. read more.....»»

Category: blogSource: benzingaMay 26th, 2021

FireEye (FEYE) Plans to Change Corporate Name to Mandiant

Pursuant to its pending Product business and brand name sale agreement with consortium led by Symphony Technology Group, FireEye (FEYE) intends to change its corporate name to Mandiant Inc. FireEye FEYE on Wednesday announced that it plans to change its corporate name to Mandiant Inc. at the annual Cyber Defense Summit (CDS) 2021 to be held on Oct 4. The cybersecurity solution provider’s Nasdaq ticker symbol will also change to MNDT and start trading on Oct 5.FireEye’s latest move is pursuant to its pending asset and brand name sale agreement. Notably, on Jun 2, the company had announced that it will sell its product business, including the FireEye name, to a consortium led by the private-equity firm Symphony Technology Group (STG) in an all-cash transaction worth $1.2 billion.The transaction will separate FireEye’s digital forensics and incident response arm, Mandiant, from its network, email, and cloud security products. With this transaction, the company undoes its 2014 acquisition, which brought Mandiant solutions and FireEye products together.Markedly, FireEye had acquired Mandiant in 2014 for $1 billion and appointed the latter’s founder Kevin Mandia as the combined company’s CEO. The deal will make Mandiant an independent publicly-traded company focusing on cyber-incident response and the cybersecurity testing market.FireEye, Inc. Price and Consensus FireEye, Inc. price-consensus-chart | FireEye, Inc. QuoteGrowing Traction of Mandiant SolutionsFireEye has been witnessing strong adoption of its Mandiant solutions. Notably, its MandiantConsulting services recorded 26% year-over-year revenue growth in the second quarter of 2021. Moreover, the overall Mandiant Solutions billings surged 44%, year on year, during the quarter.The company had been focusing on expanding the capabilities of Mandiant. In this connection, it acquired Respond Software, a cybersecurity investigation automation company, in a cash-stock deal worth $186 million, last November.The buyout integrated Respond’s cloud-based machine learning with Mandiant Advantage’s expertise to deliver automated investigation alerts at machine speed to customers.Also, the acquisition of Respond Software has enabled Mandiant Advantage to include controls-agnostic AI-driven XDR capabilities, supported by the platform’s front-line intelligence, to help customers identify attacks and respond on time.Further, the deal will help scale Mandiant’s existing Managed Defense resources by using cloud-based correlation and intelligent data science models to deliver faster and better security outcomes.Earlier, in October 2020, the company unveiled the Mandiant Advantage Platform, which includes Threat Intelligence, Security Validation, Managed Defense, and Consulting services. Notably, the company recorded a 27% sequential increase in the Mandiant Advantage user community in second-quarter 2021.Zacks Rank & Stocks to ConsiderFireEye currently carries a Zacks Rank #4 (Sell).Better-ranked stocks in the broader technology sector include Microsoft MSFT, Cadence Design Systems CDNS, and NVIDIA NVDA, all carrying a Zacks Rank of 2 (Buy), at present. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.The long-term earnings growth rate for Microsoft, Cadence Design, and NVIDIA is currently pegged at 11.1%, 11.7%, and 17.7%, respectively. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Microsoft Corporation (MSFT): Free Stock Analysis Report NVIDIA Corporation (NVDA): Free Stock Analysis Report Cadence Design Systems, Inc. (CDNS): Free Stock Analysis Report FireEye, Inc. (FEYE): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks1 hr. 20 min. ago

3 Oil Refiners to Gain as EPA Considers a Blending Requirement Cut

It's time to keep an eye on oil refiners since the biofuel blending requirements could possibly get substantially lowered. Valero (VLO), PBF Energy (PBF) and Phillips 66 (PSX) are well poised to gain. The overall business environment for energy companies is improving at a healthy pace from the coronavirus onslaught. It’s thus time to keep a close eye on oil refiners since the biofuel blending requirements could possibly get lowered to a great extent.EPA Considers to Lower US Biofuel Blending RequirementThe Biden administration is proposing to drastically lower the requirement for the nation's biofuel blending, per Reuters. This comes across as a favor for the oil industry after the coronavirus pandemic dented worldwide demand for gasoline.The biofuel policy of the country is being administered by President Biden's Environmental Protection Agency (EPA). The blending mandates for 2020 and 2021 will likely be lowered to about 17.1 billion gallons and 18.6 billion gallons, respectively, per the document cited by Reuters. Thus, as compared to the 20.1 billion gallons level, that was confirmed for last year before the pandemic wreaked havoc on the energy market, the proposed levels are considerably lower.The report cited that oil refining companies will possibly blend 20.8 billion gallons of renewable fuel into the nation's fuel mix for the 2022 compliance year. It has been cautioned by administrative officials that they have not finalized the numbers, which are awaiting further revisions. No comment on this event has still been made by the EPA.Stocks to GainIf the proposals are adopted, it would be a big win for oil refiners. This is because with lower renewable fuel been blended, biofuel blending costs will likely reduce. We are presenting three refining stocks that should be on investors’ radar as these could probably gain following the adoption of the proposal. Each of the stocks carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Valero Energy Corporation VLO, having operating interests in 15 petroleum refineries in the United States, Canada and the United Kingdom, gained 3.2% yesterday on the news. The company is also likely to generate strong cashflows on the back of rising gasoline demand since coronavirus vaccines are being rolled out at a massive scale. Over the past seven days, the stock has seen upward earnings estimate revisions for 2021.PBF Energy Inc. PBF gained 10.8% yesterday on the news. In the United States, the company is among the largest independent petroleum refiners. Improving fuel demand is also aiding the stock. In 2021, the company is likely to see bottom-line growth of 54.9%.Phillips 66 PSX is among the largest refiners in the world and gained 4.2% on the news. It is also being aided by improving fuel demand. In the past seven days, the stock has seen upward earnings estimate revisions for 2021.  More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Valero Energy Corporation (VLO): Free Stock Analysis Report Phillips 66 (PSX): Free Stock Analysis Report PBF Energy Inc. (PBF): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 20 min. ago

5 Stocks to Deflect Delta Variant Curveball From Orthopedic Space

OrthoPediatrics (KIDS), Orthofix (OFIX), Zimmer Biomet (ZBH), Stryker (SYK) and SeaSpine (SPNE) are expected to hold ground despite a challenging business climate. Orthopedic device, an integral part of MedTech, has been on a gradual rebound following a pandemic-battered 2020. The opening up of the economy following the lifting of strict social-distancing norms and increased hospital visits with rush toward opting for earlier-deferred non-COVID procedures were vastly seen after the widespread vaccination drives. The orthopedic device subsector, which covers orthopedic implants, minimally-invasive surgeries and robotic surgeries, had been witnessing robust performances over the past few months after a pandemic-led hiatus in elective procedures.However, the emergence of the highly-contagious Delta variant of coronavirus seems to again derail the growth trajectory of elective orthopedic surgeries.Orthopedics’ SnapshotAfter an impressive performance over the past few months where the key orthopedic players recorded improved patient volumes on the back of pent-up demand, the potential concerns over the emergence of new variants looms large. With increasing cases of infections with the Delta strain, patients are increasingly deferring their elective orthopedic surgeries as they fear getting infected with the latest potentially vaccine-resistant strain.Not only patients, even hospitals are increasingly attending to COVID-19 patients, thereby pushing other admissions to the back. This is also likely to hamper sales of orthopedic implants of key orthopedic MedTech players by leading to lower procedure volumes.Aggravating the fear of the Delta impact, key MedTech player NuVasive, Inc. NUVA has voiced concerns. The company, during its second-quarter 2021 earnings call, confirmed that patient sentiment is a major factor that will determine elective procedure deferrals.However, given the fact that a meaningful portion of this orthopedic sub-sector comprises essential, nondeferrable surgeries, the adverse business impacts are likely to be mitigated to some extent. Particularly, spine surgeries and trauma settings are expected to fetch business even amid the difficult pandemic situation. Market watchers are of the view that enabling technologies within orthopedic and spine are going to steal the limelight amid the difficult financial situation of the hospitals in the coming months.Per a report published on Fortune Business Insights, the global orthopedic devices market size was worth $53.44 billion in 2019 and is anticipated to reach $68.51 billion by 2027, at a CAGR of 6.6%. Factors like rising cases of osteoporosis and musculoskeletal diseases, increasing incidents of sports and traumatic injuries, and an expanding elderly population are expected to drive the market.5 Stocks to Focus onHere we have listed five orthopedic stocks that have an upside growth potential despite the looming concern over surging infection rates. Investors can turn their attention to these stocks, which can turn out to be prudent investment choices for long-term benefits.OrthoPediatrics Corp. KIDS, in August, announced the continuation of its navigation partnership with Mighty Oak Medical, Inc., thereby extending its current five-year deal by another five years till August 2027. This Zacks Rank #2 (Buy) company, which has been the exclusive distributor of Mighty Oak Medical’s FIREFLY Technology in children’s hospitals across the United States, will be able to maintain that exclusivity through August 2027 via the extended agreement. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Image Source: Zacks Investment ResearchIts expected earnings growth rate for 2022 is pegged at 45.6%. The company is likely to report 2021 revenue growth of 39.6%. Over the past year, the stock has gained 59.2% compared with the industry’s 21.8% rise.Global medical device company focused on spine and orthopedics, Orthofix Medical Inc. OFIX, announced the full market launch of the Opus Mg Set osteoconductive scaffold, a synthetic magnesium-based bone void filler for orthopedic procedures, this month.Image Source: Zacks Investment ResearchIts expected earnings growth rate for 2022 is pegged at 58.9%. The company is expected to report 2021 revenue growth of 16.1%. Over the past year, this Zacks Rank #2 company has gained 37.4% compared with the industry’s 21.8% rise.Renowned MedTech player Zimmer Biomet Holdings, Inc. ZBH along with Canary Medical (a medical data company) announced the FDA’s De Novo classification grant and authorization to market the tibial extension for Persona IQ, the world's first and only smart knee cleared by the FDA for total knee replacement surgery, in August.Image Source: Zacks Investment ResearchIts long-term expected earnings growth rate is pegged at 8.8%. The company is expected to report 2021 revenue growth of 15.4%. Over the past year, this Zacks Rank #3 (Hold) company has gained 10.3% compared with the sector’s 0.2% rise.Stryker Corporation SYK, well-known medical technology company, announced robust second-quarter 2021 results along with strong segmental performance in July.Image Source: Zacks Investment ResearchIts long-term expected earnings growth rate is pegged at 9.6%. This Zacks Rank #3 company is expected to report 2021 revenue growth of 20.7%. Over the past year, the stock has gained 36.5% compared with the industry’s 14.9% rise.Renowned medical technology company, SeaSpine Holdings Corporation SPNE, entered into a distribution agreement with OrthoPediatrics this month to exclusively distribute its 7D Surgical FLASH Navigation platform for pediatric applications.Image Source: Zacks Investment ResearchIts expected earnings growth rate for 2022 is pegged at 14.4%. The company is likely to report 2021 revenue growth of 31.1%. Over the past year, this Zacks Rank #3 company has gained 14.8% compared with the sector’s 0.2% rise. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Stryker Corporation (SYK): Free Stock Analysis Report ORTHOFIX MEDICAL INC. (OFIX): Free Stock Analysis Report NuVasive, Inc. (NUVA): Free Stock Analysis Report Zimmer Biomet Holdings, Inc. (ZBH): Free Stock Analysis Report SeaSpine Holdings Corporation (SPNE): Free Stock Analysis Report OrthoPediatrics Corp. (KIDS): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks1 hr. 20 min. ago

Neogen (NEOG) Q1 Earnings Top Estimates, Gross Margin Up

Strong segmental performance and contributions from new acquisitions and product launches drove Neogen's (NEOG) revenues in the first quarter of fiscal 2022. Neogen Corporation’s NEOG first-quarter fiscal 2022 earnings per share (EPS) of 16 cents exceeded the year-ago quarter figure by a penny. It surpassed the Zacks Consensus Estimate by 6.7%.Revenues in the fiscal first quarter increased 17.4% on a year-over-year basis to $128.3 million. It surpassed the Zacks Consensus Estimate by 4.8%. Per the company, the first quarter was the 117th of the past 123 quarters that Neogen reported a revenue increase as compared to the same period last year.Segments in DetailFor the quarter, the company registered Food Safety revenues of $62.7 million, reflecting 15.8% (up 10% organically) year-over-year growth. The upside was driven by strong growth across the company's diagnostics portfolio, which includes increases of 36%, 17%, 15% and 14% in culture media, allergens, pathogens and environmental sanitation, respectively. Notably, growth in environmental sanitation was enhanced by the recently-launched AccuPoint Advanced NG. The Megazyme acquisition also contributed to the quarter’s total revenue. Further, growth in the segment was contributed by continued strong sales of the Soleris product line.Neogen Corporation Price, Consensus and EPS Surprise  Neogen Corporation price-consensus-eps-surprise-chart | Neogen Corporation QuoteAnimal Safety revenues in the fiscal first quarter were $65.6 million, up 18.9% (up 19% organically) year over year. The upside can be attributed to strong growth in the veterinary instruments line (up 52%), which primarily includes needles and syringes; and the animal care line (up 27%), driven by relaunch of the ThyroKare supplement in February 2021 and strength in small animal supplements and antibiotics. Further, a 23% increase in insect control products; a 5% rise in sales of rodent control products; and a 6% improvement in sales of cleaners and disinfectants enhanced by revenues from the company's acquisition of the StandGuard product line in July 2020 resulted in the segment’s impressive performance.Revenues from Neogen’s worldwide animal genomics business increased 14% in the fiscal first quarter on a year-over-year basis. The upside was primarily driven by continued strength in beef and dairy cattle, swine, and sheep genotyping coupled with revenues from a large non-recurring plant research project.Revenues from Neogen’s international operations increased 20% in first-quarter fiscal 2022, driven in part by the Megazyme acquisition and currency tailwinds from a stronger British pound and Mexican peso. The company’s U.K. business declined 2% in pounds since strong sales of hand sanitizers, cleaners and disinfectants as reported during the year-ago period did not recur in the current fiscal first quarter.Neogen’s revenues from China in the first quarter of fiscal 2022 increased 59% driven by new sales of Megazyme products and solid growth in genomics. Neogen Australasia revenues surged 41% in local currency on growth in beef and companion animal genomic services. Meanwhile, Neogen Latinoamerica business and its Brazilian operations were up 4% and down 17%, respectively, in local currency for fiscal 2021.Margin DetailsNeogen’s fiscal first-quarter gross profit increased 19.3% year over year to $60 million. Gross margin expanded 76 basis points (bps) to 46.8%.Sales and marketing expenses increased 24.5% to $20.6 million, whereas administrative expenses rose 21.5% from the prior-year quarter to $13.4 million. Research & development expenses were $4.3 million, up 11.5% from the year-ago quarter. Operating costs totaled $38.3 million, up 21.8% year over year.In the reported quarter, operating income was $21.7 million, up 15.1% from the year-ago quarter’s level. Nevertheless, operating margin contracted 34 bps to 16.9%.Cash PositionThe company exited the fiscal first quarter with cash and investments of $400.9 million, up from $381.1 million at the end of the fiscal fourth quarter. The company had no debt on the balance sheet at quarter-end.Our TakeNeogen exited the fiscal first quarter on a bullish note with better-than-expected revenues and earnings. Top-line growth was driven by strength in the company’s Food Safety and Animal Safety business segments. The Soleris NG and StandGuard product line also contributed to growth. Integration of the Megazyme product offerings into the company’s product portfolio looks encouraging. Neogen’s solid domestic and international performance across all businesses buoys optimism as well. Expansion of gross margin is an added advantage.Rise in operating costs and a contraction in operating margins does not bode well for the stock. As a consequence of the effects of the COVID-19 pandemic, operating income continues to be impacted by higher costs in several areas, particularly freight.Zacks Rank & Key PicksNeogen currently carries a Zacks Rank #2 (Buy).A few better-ranked stocks from the Medical-Products industry include VAREX IMAGING VREX, Envista Holdings Corporation NVST and BellRing Brands, Inc. BRBR, each carrying a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.VAREX has a long-term earnings growth rate of 5%.   Envista Holdings has a long-term earnings growth rate of 27.4%.BellRing Brands has a long-term earnings growth rate of 29.1%. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Neogen Corporation (NEOG): Free Stock Analysis Report VAREX IMAGING (VREX): Free Stock Analysis Report Envista Holdings Corporation (NVST): Free Stock Analysis Report BellRing Brands, Inc. (BRBR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 20 min. ago

KB Home (KBH) Q3 Earnings Beat, Revenues Miss on Supply Woes

KB Home (KBH) posts better-than-expected fiscal Q3 earnings on strong housing market demand and increased pricing. KB Home’s KBH shares gained a meager 0.8% in the after-market trading session on Sep 22, following the release of third-quarter fiscal 2021 results (ended Aug 31, 2021). Although earnings surpassed the Zacks Consensus Estimate, revenues missed the same owing to supply chain disruptions and labor shortages. Nonetheless, earnings and revenues grew significantly from a year ago, buoyed by strong housing market demand.Jeffrey Mezger, Chairman, President and Chief Executive Officer, said, "As we approach the end of our 2021 fiscal year, we expect that our increased scale at a higher profitability level will generate a return on equity of approximately 20% for the year. Looking ahead to 2022, we anticipate another year of profitable growth. With a sizable increase in our backlog value and projected increases in community count and margins, we expect a meaningful expansion of our return on equity that will be further enhanced by the $188 million we returned to stockholders through recent share repurchases."Earnings & Revenue DiscussionKB Home reported quarterly adjusted earnings of $1.64 per share, which surpassed the consensus estimate of $1.60 by 2.5%. Also, the metric grew significantly from the year-ago figure of 83 cents per share.Total revenues of $1,467.1 million missed the consensus mark of $1,560 million by 6%. Nonetheless, revenues grew 46.9% on a year-over-year basis.KB Home Price, Consensus and EPS Surprise  KB Home price-consensus-eps-surprise-chart | KB Home QuoteSegment DetailsHomebuilding: For the quarter under review, the segment's revenues of $1,461.9 million increased 46.9% from the prior-year period.The number of homes delivered grew 35% from the year-ago level to 3,425 units. Further, average selling price or ASP increased 11% from a year ago to $426,800.Net orders dropped 3% from the prior-year quarter to 4,085 homes. Nonetheless, value of net orders rose 22% from the year-ago quarter to $2.01 billion.For the reported quarter, average community count was down 14% from a year ago to 205. Quarter-end community count was 210, down 9% from the prior year.Cancellation rate, as a percentage of gross orders, improved to 9% from 17% reported a year ago. Its quarter-end backlog totaled 10,694 homes (as of Aug 31, 2021), up 58% from a year ago. Further, potential housing revenues from backlog grew 89% from the prior-year period to $4.84 billion.MarginsWithin homebuilding, housing gross margin (excluding inventory-related charges) improved 140 basis points (bps) year over year to 22%. The increase was attributed to a favorable pricing environment due to robust housing market demand, increased operating leverage on higher revenues and lower amortization of previously capitalized interest.As a percentage of housing revenues, selling, general and administrative expenses improved 110 bps from the year-ago figure to 9.9% due to higher operating leverage, given strong housing demand.Homebuilding operating margin (excluding inventory-related charges) increased 250 bps to 12.1%. Financial Services revenues rose 34.7% year over year to $5,206 million. Pretax income of $9.4 million rose 2.9% from a year ago.Financial PositionKB Home had cash and cash equivalents of $350 million as of Aug 31, 2021, down from $681.2 million on Nov 30, 2020. The company had total liquidity of $1.4 billion, including $791.4 million of available capacity under the unsecured revolving credit facility.Inventories increased 19% from Nov 30, 2020, to $4.66 billion at the end of third-quarter fiscal 2021.GuidanceFor the fiscal fourth quarter, the company expects ASP of $450,000, indicating an increase of 9% from a year ago. Housing revenues are projected in the range of $1.65-$1.75 billion. Homebuilding operating income margin (excluding the impact of any inventory-related charges) is expected to improve to 11.8% in the quarter, suggesting an increase from 10.7% a year ago. Assuming no inventory-related charges, KB Home expects fiscal fourth-quarter housing gross margin in the range of 21.6-22%. SG&A expense ratio will be approximately 10% during the fiscal fourth quarter. This suggests an improvement from 10.3% in the year-ago period.The company expects year-end community count to improve slightly from the third quarter, resulting in a high single-digit decline in the average fourth-quarter count as compared to the prior year.Zacks Rank & Key PicksCurrently, KB Home carries a Zacks Rank #4 (Sell).Some better-ranked stocks in the Zacks Building Products - Home Builders industry include MI Homes, Inc. MHO, Meritage Homes Corporation MTH and Century Communities, Inc. CCS. While MI Homes and Meritage Homes currently sport a Zacks Rank #1 (Strong Buy), Century Communities carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.MI Homes, Meritage Homes and Century Communities’ earnings for the current year are expected to rise 63.3%, 72.4% and 115.9%, respectively. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report KB Home (KBH): Free Stock Analysis Report Meritage Homes Corporation (MTH): Free Stock Analysis Report Century Communities, Inc. (CCS): Free Stock Analysis Report MI Homes, Inc. (MHO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 20 min. ago

Darden Restaurants (DRI) Q1 Earnings and Revenues Surpass Estimates

Darden Restaurants (DRI) delivered earnings and revenue surprises of 7.98% and 3.03%, respectively, for the quarter ended August 2021. Do the numbers hold clues to what lies ahead for the stock? Darden Restaurants (DRI) came out with quarterly earnings of $1.76 per share, beating the Zacks Consensus Estimate of $1.63 per share. This compares to earnings of $0.56 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 7.98%. A quarter ago, it was expected that this owner of Olive Garden and other chain restaurants would post earnings of $1.82 per share when it actually produced earnings of $2.03, delivering a surprise of 11.54%.Over the last four quarters, the company has surpassed consensus EPS estimates four times.Darden Restaurants, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $2.31 billion for the quarter ended August 2021, surpassing the Zacks Consensus Estimate by 3.03%. This compares to year-ago revenues of $1.53 billion. The company has topped consensus revenue estimates three times over the last four quarters.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.Darden Restaurants shares have added about 26.2% since the beginning of the year versus the S&P 500's gain of 17%.What's Next for Darden Restaurants?While Darden Restaurants 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 Darden Restaurants was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $1.41 on $2.18 billion in revenues for the coming quarter and $7.41 on $9.39 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Restaurants is currently in the top 50% 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. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Darden Restaurants, Inc. (DRI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 20 min. ago

Rite Aid (RAD) Reports Q2 Loss, Misses Revenue Estimates

Rite Aid (RAD) delivered earnings and revenue surprises of 2.38% and -2.13%, respectively, for the quarter ended August 2021. Do the numbers hold clues to what lies ahead for the stock? Rite Aid (RAD) came out with a quarterly loss of $0.41 per share versus the Zacks Consensus Estimate of a loss of $0.42. This compares to earnings of $0.25 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.38%. A quarter ago, it was expected that this drugstore chain would post earnings of $0.22 per share when it actually produced earnings of $0.38, delivering a surprise of 72.73%.Over the last four quarters, the company has surpassed consensus EPS estimates four times.Rite Aid, which belongs to the Zacks Retail - Pharmacies and Drug Stores industry, posted revenues of $6.11 billion for the quarter ended August 2021, missing the Zacks Consensus Estimate by 2.13%. This compares to year-ago revenues of $5.98 billion. The company has topped consensus revenue estimates two times over the last four quarters.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.Rite Aid shares have lost about 3.7% since the beginning of the year versus the S&P 500's gain of 17%.What's Next for Rite Aid?While Rite Aid has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Rite Aid was mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.31 on $6.38 billion in revenues for the coming quarter and -$0.80 on $25.16 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Pharmacies and Drug Stores is currently in the top 50% 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. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Rite Aid Corporation (RAD): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks1 hr. 20 min. ago

BlackBerry (BB) Q2 Loss Meets Estimates, Shares Up on Solid Demand

BlackBerry's (BB) second-quarter fiscal 2022 results reflect significant progress of the cybersecurity and IoT businesses, driven by a robust pipeline of design wins. BlackBerry Limited BB reported tepid second-quarter fiscal 2022 (ended Aug 31, 2021) results with year-over-year top-line contraction. However, its shares rallied in the extended trading session as a result of solid demand for cybersecurity and IoT software products. Accretive design wins bode well for the Canada-based company.Net LossOn a GAAP basis, quarterly net loss was $144 million or a loss of 25 cents per share compared with a net loss of $23 million or a loss of 4 cents per share in the prior-year quarter. The year-over-year wider loss was primarily due to top-line contraction and higher operating loss.Non-GAAP net loss was $33 million or a loss of 6 cents per share against net income of $58 million or 10 cents per share in the year-ago quarter. Adjusted loss per share matched the Zacks Consensus Estimate.BlackBerry Limited Price, Consensus and EPS Surprise BlackBerry Limited price-consensus-eps-surprise-chart | BlackBerry Limited QuoteRevenuesQuarterly total revenues plunged 32.4% year over year to $175 million. While revenues from Cyber Security aggregated $120 million, the same from IoT totaled $40 million. Licensing and Other contributed $15 million.In the IoT business unit, the company is witnessing significant progress despite headwinds related to the global chip shortage. An uptick in demand for QNX products and a robust pipeline of design wins, fueled by accretive partnerships, demonstrates BlackBerry’s industry leadership position and secular trends.In Cyber Security, the company delivered solid sequential billings and revenue growth. It received strong third-party validation of the effectiveness of AI-driven, prevention-first suite of products, thereby reflecting innovative product launches.Other DetailsGross profit declined to $112 million from $199 million in the year-ago quarter. Total operating expenses increased to $253 million from $221 million. This was primarily due to higher fair value adjustment on the convertible debentures. Operating loss was $141 million compared with a loss of $22 million a year ago.Cash Flow & LiquidityIn the first six months of fiscal 2022, BlackBerry utilized $18 million of net cash in operating activities. As of Aug 31, 2021, the company had $291 million in cash and cash equivalents with $782 million of long-term debentures.Outlook ReiteratedFor fiscal 2022, BlackBerry expects the Cyber Security business’ revenues to be at the lower end of the $495 million to $515 million range. IoT revenues are estimated between $180 million and $200 million. Licensing revenues are anticipated to be about $10 million a quarter for the next two quarters.Zacks Rank & Stocks to ConsiderBlackBerry currently has a Zacks Rank #3 (Hold).Some better-ranked stocks in the industry are MicroStrategy Incorporated MSTR, Aspen Technology, Inc. AZPN, and Cadence Design Systems, Inc. CDNS. While MicroStrategy sports a Zacks Rank #1 (Strong Buy), Aspen Technology and Cadence Design Systems carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.MicroStrategy delivered a trailing four-quarter earnings surprise of 2,032.1%, on average.Aspen Technology delivered a trailing four-quarter earnings surprise of 19.9%, on average.Cadence Design Systems delivered a trailing four-quarter earnings surprise of 13.1%, on average. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cadence Design Systems, Inc. (CDNS): Free Stock Analysis Report Aspen Technology, Inc. (AZPN): Free Stock Analysis Report MicroStrategy Incorporated (MSTR): Free Stock Analysis Report BlackBerry Limited (BB): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks1 hr. 20 min. ago

Zacks Earnings ESP: A Better Way to Find Earnings Surprises for Multi-Sector Conglomerates

Why investors should use the Zacks Earnings ESP tool to help find stocks that are poised to top quarterly earnings estimates. Earnings are arguably the most important single number on a company's quarterly financial report. Wall Street clearly dives into all of the other metrics and management's input, but the EPS figure helps cut through all the noise.We know earnings results are vital, but how a company performs compared to bottom line expectations can be even more important when it comes to stock prices, especially in the near-term. This means that investors might want to take advantage of these earnings surprises.The ability to identify stocks that are likely to top quarterly earnings expectations can be profitable, but it's no simple task. Here at Zacks, our Earnings ESP filter helps make things easier.The Zacks Earnings ESP, ExplainedThe Zacks Earnings ESP is more formally known as the Expected Surprise Prediction, and it aims to grab the inside track on the latest analyst estimate revisions ahead of a company's report. The idea is relatively intuitive as a newer projection might be based on more complete information.Now that we understand the basic idea, let's look at how the Expected Surprise Prediction works. The ESP is calculated by comparing the Most Accurate Estimate to the Zacks Consensus Estimate, with the percentage difference between the two giving us the Zacks ESP figure.In fact, when we combined a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time. Perhaps most importantly, using these parameters has helped produce 28.3% annual returns on average, according to our 10 year backtest.Most stocks, about 60%, fall into the #3 (Hold) category, and they are expected to perform in-line with the broader market. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank.Should You Consider Danaher?Now that we understand what the ESP is and how beneficial it can be, let's dive into a stock that currently fits the bill. Danaher (DHR) earns a #2 (Buy) right now and its Most Accurate Estimate sits at $2.19 a share, just 28 days from its upcoming earnings release on October 21, 2021.Danaher's Earnings ESP sits at 2.82%, which, as explained above, is calculated by taking the percentage difference between the $2.19 Most Accurate Estimate and the Zacks Consensus Estimate of $2.13. DHR is also part of a large group of stocks that boast a positive ESP. All of these qualifying stocks can be filtered by ESP, Zacks Rank, % Surprise (Last Qtr.), and Reporting date.Don't forget to head to the Earnings ESP Home Page. There, you'll find lots more earnings-related investing strategies to help build a winning portfolio.Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >> More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Danaher Corporation (DHR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 20 min. ago

This 1 Oils and Energy Stock Could Beat Earnings: Why It Should Be on Your Radar

Finding stocks expected to beat quarterly earnings estimates becomes an easier task with our Zacks Earnings ESP. Wall Street watches a company's quarterly report closely to understand as much as possible about its recent performance and what to expect going forward. Of course, one figure often stands out among the rest: earnings.Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.Hunting for 'earnings whispers' or companies poised to beat their quarterly earnings estimates is a somewhat common practice. But that doesn't make it easy. One way that has been proven to work is by using the Zacks Earnings ESP tool.The Zacks Earnings ESP, ExplainedThe Zacks Expected Surprise Prediction, or ESP, works by locking in on the most up-to-date analyst earnings revisions because they can be more accurate than estimates from weeks or even months before the actual release date. The thinking is pretty straightforward: analysts who provide earnings estimates closer to the report are likely to have more information.The core of the ESP model is comparing the Most Accurate Estimate to the Zacks Consensus Estimate, where the resulting percentage difference between the two equals the Expected Surprise Prediction. The Zacks Rank is also factored into the ESP metric to better help find companies that appear poised to top their next bottom-line consensus estimate, which will hopefully help lift the stock price.Bringing together a positive earnings ESP alongside a Zacks Rank #3 (Hold) or better has helped stocks report a positive earnings surprise 70% of the time. Furthermore, by using these parameters, investors have seen 28.3% annual returns on average, according to our 10 year backtest.Most stocks, about 60%, fall into the #3 (Hold) category, and they are expected to perform in-line with the broader market. Stocks with a #2 (Buy) and #1 (Strong Buy) rating, or the top 15% and top 5% of stocks, respectively, should outperform the market, with Strong Buy stocks outperforming more than any other rank.Should You Consider Valero Energy?The last thing we will do today, now that we have a grasp on the ESP and how powerful of a tool it can be, is to quickly look at a qualifying stock. Valero Energy (VLO) holds a #3 (Hold) at the moment and its Most Accurate Estimate comes in at $0.87 a share 28 days away from its upcoming earnings release on October 21, 2021.Valero Energy's Earnings ESP sits at 3.78%, which, as explained above, is calculated by taking the percentage difference between the $0.87 Most Accurate Estimate and the Zacks Consensus Estimate of $0.84. VLO is also part of a large group of stocks that boast a positive ESP. All of these qualifying stocks can be filtered by ESP, Zacks Rank, % Surprise (Last Qtr.), and Reporting date.Using the Zacks Earnings ESP to your advantage is just the start. Make sure to check out the Earnings ESP Home Page for even more earnings-related tips and tricks to design a winning investment portfolio.Find Stocks to Buy or Sell Before They're ReportedUse the Zacks Earnings ESP Filter to turn up stocks with the highest probability of positively, or negatively, surprising to buy or sell before they're reported for profitable earnings season trading. Check it out here >> More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Valero Energy Corporation (VLO): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks1 hr. 20 min. ago

The Zacks Rank Explained: How to Find Strong Buy Oils and Energy Stocks

Wondering how to pick strong, market-beating stocks for your investment portfolio? Look no further than the Zacks Rank. Building a successful investment portfolio takes skill and hard work, no matter if you're a growth, value, income, or momentum-focused investor.How do you find the right combination of stocks that will generate returns that could fund your retirement, or your kids' college tuition, or your short- and long-term savings goals?Enter the Zacks Rank.What is the Zacks Rank?The Zacks Rank, which is a unique, proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, that makes building a winning portfolio easier.There are four main factors behind the Zacks Rank: Agreement, Magnitude, Upside, and Surprise.Agreement is the extent to which all brokerage analysts are revising their earnings estimates in the same direction. The greater the percentage of analysts revising their estimates higher, the better chance the stock will outperform.Magnitude is the size of the recent change in the consensus estimate for the current and next fiscal years.Upside is the difference between the most accurate estimate, which is calculated by Zacks, and the consensus estimate.Surprise is made up of a company's last few quarters' earnings per share surprises; companies with a positive earnings surprise are more likely to beat expectations in the future.Each factor is given a raw score, which is recalculated every night and compiled into the Zacks Rank. Utilizing this data, stocks are put into five different groups: Strong Buy, Buy, Hold, Sell, and Strong Sell.The Power of Institutional InvestorsThe Zacks Rank also allows individual investors, or retail investors, to benefit from the power of institutional investors.Institutional investors are responsible for managing the trillions of dollars invested in mutual funds, hedge funds, and investment banks. Research has shown that these investors can and do move the market due to the large amount of money they deal with, and thus, the market tends to move in the same direction as them.In order to figure out the fair value of a company and its shares, these investors will build valuation models focused on earnings and earnings expectations. Because if you raise estimates for the bottom line, it creates a higher fair value for a company.Institutional investors then act on these changes in earnings estimates, typically buying stocks with rising estimates and selling those with falling estimates; an increase in earnings estimates can translate into higher stock prices and bigger gains for the investor.Since it can often take weeks, if not months, for an institutional investor to build a position (given their size), retail investors who get in at the first sign of upward earnings estimate revisions have a distinct advantage over these larger investors, and can benefit from the expected institutional buying that will follow.Not only can the Zacks Rank help you take advantage of trends in earnings estimate revisions, but it can also provide a way to get into stocks that are highly sought after by professionals.How to Invest with the Zacks RankThe Zacks Rank is known for transforming investment portfolios. In fact, a portfolio of Zacks Rank #1 (Strong Buy) stocks has beaten the market in 26 of the last 32 years, with an average annual return of +25.41%.Moreover, stocks with a new #1 (Strong Buy) ranking have some of the biggest profit potential, while those that fell to a #4 (Sell) or #5 (Strong Sell) have some of the worst.Let's take a look at Ovintiv (OVV), which was added to the Zacks Rank #1 list on September 23, 2021.Ovintiv Inc. is an independent energy producer, which explores and churns out oil and natural gas from diverse assets located in the United States and Canada. Previously known as Encana, the company rebranded and shifted its corporate domicile from Calgary, Canada to Denver, U.S.  Three analysts revised their earnings estimate higher in the last 60 days for fiscal 2021, while the Zacks Consensus Estimate has increased $0.50 to $5.03 per share. OVV also boasts an average earnings surprise of 24.3%.Earnings are forecasted to see growth of 1337.1% for the current fiscal year, and sales are expected to increase 25.4%.Additionally, OVV has climbed higher over the past four weeks, gaining 12.6%. The S&P 500 is down 0.9% in comparison.Bottom LineWith a #1 (Strong Buy) ranking, positive trend in earnings estimate revisions, and strong market momentum, Ovintiv should be on investors' shortlist.If you want even more information on the Zacks Ranks, or one of our many other investing strategies, check out the Zacks Education home page.Discover Today's Top StocksOur private Zacks #1 Rank List, based on our quantitative Zacks Rank stock-rating system, has more than doubled the S&P 500 since 1988. Applying the Zacks Rank in your own trading can boost your investing returns on your very next trade. See Today's Zacks #1 Rank List >> More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Ovintiv Inc. (OVV): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 20 min. ago

Why Sohu.com (SOHU) is a Top Value Stock for the Long-Term

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage. 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 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 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 ScoreFor 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 ScoreWhile 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 ScoreMomentum 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 ScoreWhat 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 RankThe 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.As mentioned above, the Scores are designed to work with the Zacks Rank, so any change to a company's earnings outlook should be a deciding factor when picking which stocks to buy.For instance, a stock with a #4 (Sell) or #5 (Strong Sell) rating, even one that boasts Scores of A and B, still has a downward-trending earnings forecast, and a much greater likelihood its share price will decline as well.Thus, the more stocks you own with a #1 or #2 Rank and Scores of A or B, the better.Stock to Watch: Sohu.com (SOHU)Sohu.com is a leading provider of online advertising, media and gaming services in China. The company reported revenues of $749.9 million in 2020.SOHU is a #3 (Hold) 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 9; value investors should take notice.One analysts revised their earnings estimate upwards in the last 60 days for fiscal 2021. The Zacks Consensus Estimate has increased $1.78 to $2.43 per share. SOHU boasts an average earnings surprise of 211.2%.With a solid Zacks Rank and top-tier Value and VGM Style Scores, SOHU should be on investors' short list. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Sohu.com Inc. (SOHU): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 20 min. ago

3 Promising MedTech Stocks to Snap Up in Second-Half 2021

Backed by robust long-term prospects, investors can add three lucrative MedTech stocks, MMSI, ITGR and OFIX, to their watchlist. After a volatile 2020, economies globally exhibited signs of sustained recovery in the first half of 2021. Although there are concerns regarding the highly-transmissible Delta variant in some parts of the United States and the world, case counts have been on the decline. However, certain states are grappling with rise in the variant cases as the country heads toward fall season and colder weather.Nevertheless, with 70% of adults in the United States having received at least one shot of a COVID-19 vaccine (according to the Centers for Disease Control and Prevention data), the optimism is palpable.The MedTech sector has shown tremendous strength since the beginning of this year. It has been exhibiting recovery and gaining traction on the back of economy rebounding and normalization based on mass vaccinations.The lingering effects of the pandemic might impact the MedTech space in both positive and negative ways in 2021. It is worth mentioning that the sector showed considerable strength last year despite the pandemic-induced disruption. Therefore, it would be a prudent decision to capitalize on the MedTech space. Let us delve deeper.MedTech Space Gaining SteamAlthough companies involved in diagnostic testing experienced high demand during the peak of the pandemic, these players saw a substantial decline in demand for COVID-19 testing due to the changing testing landscape on account of a significant reduction in coronavirus cases and the rollout of vaccines globally.The Delta variant, however, has brought about changes as President Joe Biden announced a new mandate on Sep 9 aimed at curbing the surge in COVID-19 infections, which signals a sharp rise in testing. The President’s plan on the diagnostic side of the mandate calls for the government to work on ramping up test supply. According to a Reuters report, QIAGEN QGEN has already shown support for this mandate. At the same time, Abbott ABT stated that it is rapidly working to scale up manufacturing of its BinaxNOW and ID NOW test kits, and hiring additional employees.Apart from this, digital health will continue to gain immensely on the back of last year’s momentum. This year is likely to see companies involved in telemedicine and artificial intelligence make necessary technological advancements to better serve patients.The pandemic led to a change in the business models with companies leaning toward virtualized, remote-operated business models for medical care, which in turn, have helped the companies recover and attain pre-COVID-19 levels.With the increasing dependence on self-monitoring tools, the wearable devices space continues to show strength, thereby instilling further optimism in investors.Elective procedures, although, are expected to remain under pressure this year. J.P. Morgan analysts projected (as published in a MedTech Dive report) that vaccination might help in driving volumes but procedure comebacks are not likely to be seen until the second half of 2021.3 Lucrative PicksGiven the MedTech space’s resilience and prevailing prospects, investors can choose to invest in MedTech stocks that have shown tremendous promise despite challenging market conditions and are fundamentally strong. To narrow down the list, we have selected three stocks with a Zacks Rank #2 (Buy) and a VGM Score of B. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Merit Medical Systems, Inc. MMSI: In the second quarter of 2021, Merit Medical displayed considerable strength with better-than-expected results. The company saw revenue growth not only in both its segments but also across all product categories within its Cardiovascular unit. Strong execution and improving customer demand trends owing to the gradual business recovery fueled the overall top-line performance. The company stands to benefit from the execution of its global growth and profitability plan. A robust product line and other internally developed products raise investors’ optimism on the stock. Expansion of both margins bodes well. A raised financial outlook for the full year also augurs well. The company’s long-term earnings growth rate is projected at 12.7%.Shares of the company gained 76.7% in the past year, compared with the industry’s growth of 36.9%.Image Source: Zacks Investment ResearchInteger Holdings Corporation ITGR: Integer Holdings exited the second quarter of 2021 with better-than-expected results. Robust segmental performances and strength in the majority of the product lines are impressive. Continued business recovery, despite U.S. labor constraints and global supply chain disruptions, is encouraging. Expansion of both margins also bodes well for the stock. A raised financial outlook raises our optimism. Management, during the second-quarter 2021 earnings call in July, reiterated its stance of sustained investment in the execution of its strategy to drive above-market top-line growth and continued margin expansion. For 2021, the company’s earnings growth rate is projected at 43.7%.In the past year, shares of the company appreciated 57.3% compared with the industry’s rally of 21.8%.  Orthofix Medical Inc. OFIX: Orthofix Medical exhibited robust second-quarter 2021 results, wherein it delivered top-line growth on a year-over-year basis and above pre-COVID levels. The company saw significant improvement in U.S. Spinal Implant net sales, and solid performance from its U.S. M6-C artificial cervical disc and FITBONE limb lengthening system with about $9 million in combined sales. A raised 2021 revenue outlook buoys optimism in the stock. For 2021, the company’s earnings growth rate is projected at 200%.In the past year, shares of the company climbed 37.6% compared with the industry’s rise of 21.8%. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Abbott Laboratories (ABT): Free Stock Analysis Report ORTHOFIX MEDICAL INC. (OFIX): Free Stock Analysis Report QIAGEN N.V. (QGEN): Free Stock Analysis Report Merit Medical Systems, Inc. (MMSI): Free Stock Analysis Report Integer Holdings Corporation (ITGR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 20 min. ago

TotalEnergies SE Sponsored ADR (TTE) is a Top-Ranked Momentum Stock: Should You Buy?

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage. 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 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 ScoreFor 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 ScoreGrowth 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 ScoreMomentum 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 ScoreIf 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 RankThe Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.That's where the Style Scores come in.To 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.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: TotalEnergies SE Sponsored ADR (TTE)France-based TotalEnergies SE is among the top five publicly traded global integrated oil and gas companies based on production volumes, proved reserves and market capitalization. The company has operations in more than 130 countries across five continents. The company was founded in 1924. The company has changed its name from TOTAL SE to TotalEnergies SE, which better reflects its transition toward a broad energy company. The new trading symbol of the company is TTE.TTE is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.Momentum investors should take note of this Oils-Energy stock. TTE has a Momentum Style Score of A, and shares are up 3.3% over the past four weeks.Four analysts revised their earnings estimate upwards in the last 60 days for fiscal 2021. The Zacks Consensus Estimate has increased $0.42 to $5.35 per share. TTE boasts an average earnings surprise of 75.4%.With a solid Zacks Rank and top-tier Momentum and VGM Style Scores, TTE should be on investors' short list. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report TotalEnergies SE Sponsored ADR (TTE): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks1 hr. 20 min. ago

Tenneco (TEN) is a Top-Ranked Growth Stock: Should You Buy?

The Zacks Style Scores offers investors a way to easily find top-rated stocks based on their investing style. Here's why you should take advantage. 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 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 ScoreFor 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 ScoreGrowth 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 ScoreMomentum 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 ScoreIf 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 RankThe Zacks Rank, which is a proprietary stock-rating model, employs earnings estimate revisions, or changes to a company's earnings expectations, to make building a winning portfolio easier.It's highly successful, with #1 (Strong Buy) stocks producing an unmatched +25.41% average annual return since 1988. That's more than double the S&P 500. But because of the large number of stocks we rate, there are over 200 companies with a Strong Buy rank, plus another 600 with a #2 (Buy) rank, on any given day.This totals more than 800 top-rated stocks, and it can be overwhelming to try and pick the best stocks for you and your portfolio.That's where the Style Scores come in.To 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.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: Tenneco (TEN)Tenneco Inc., headquartered in Lake Forest, IL, is a leading designer, manufacturer and supplier of clean air, powertrain and ride performance products and systems caters to light vehicle, commercial truck, off-highway, industrial and aftermarket customers. The company’s products can be used in light vehicle, commercial truck, off-highway, industrial and aftermarket customers. Few of Tenneco’s brands are- Monroe, Champion, Ohlins, MOOG, Walker, Fel-Pro, Wagner, Ferodo, Rancho, Thrush, National, and Sealed Power, among others.TEN is a #3 (Hold) on the Zacks Rank, with a VGM Score of A.Additionally, the company could be a top pick for growth investors. TEN has a Growth Style Score of B, forecasting year-over-year earnings growth of 902.3% for the current fiscal year.Two analysts revised their earnings estimate upwards in the last 60 days for fiscal 2021. The Zacks Consensus Estimate has increased -$0.16 to $3.53 per share. TEN boasts an average earnings surprise of 23.5%.With a solid Zacks Rank and top-tier Growth and VGM Style Scores, TEN should be on investors' short list. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Tenneco Inc. (TEN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 20 min. ago

RBC Bearings (ROLL) Offers Common & Preferred Stocks to Public (Revised)

RBC Bearings (ROLL) offers common and convertible preferred stocks to the public. It intends on using the proceeds for the DODGE buyout and pay related fees, and satisfy general corporate purposes. RBC Bearings Incorporated ROLL announced the public offerings of its common shares and Series A mandatory convertible preferred stock. It also expects granting options to underwriters with respect to these offerings.The company’s shares gained 0.44% yesterday, ending the trading session at $215.55.Inside the HeadlinesRBC Bearings’ common share offering is for 3 million shares, while the other offering is for $400 million worth of preferred stock. Notably, the preferred stock has a liquidation preference of $100 per share. It is worth noting here the preferred stocks will be converted into the company’s common shares on Oct 15, 2024.The company intends on giving the underwriters an option to buy additional 0.45 million common stocks and Series A mandatory convertible preferred stocks worth $60 million. The option for underwriters is valid for 30 days. The net proceeds from the common stock offering are expected to be $605.6 million or $696.5 million if the underwriters exercise their options. Meanwhile, the preferred stock offering is expected to yield net proceeds of $387.2 million or $445.4 million if the underwriters exercise their options.RBC Bearings anticipates using the net proceeds from the common stock and preferred stock offerings to fund the acquisition of Asea Brown Boveri Ltd’s DODGE mechanical power transmission division. The deal, valued at $2.9 billion, was announced by RBC Bearings in July and is anticipated to be complete in third-quarter fiscal 2022 (ending December 2021).In addition, RBC Bearings plans on using the proceeds for paying fees and expenses related to the DODGE acquisition and satisfy general corporate purposes.It is worth mentioning here that RBC Bearings’ shares outstanding at the end of first-quarter fiscal 2022 (ended Jul 3, 2021) were 25.3 million. We believe that the above-mentioned common stock offering along with preferred stocks, when converted into common stock, will increase the company’s common stock outstanding balance. A rise in shares outstanding will likely have adverse impacts on the company’s earnings per share.Zacks Rank, Price Performance and Estimate TrendWith a market capitalization of $5.5 billion, RBC Bearings currently carries a Zacks Rank #3 (Hold). Strength in industrial markets, healthy backlog and favorable shareholder-friendly policies are beneficial. However, the persistence of weakness in the aerospace markets is concerning.In the past three months, the company’s shares have gained 9.5% against the industry’s decline of 3.4%. Image Source: Zacks Investment Research In the past 60 days, the Zacks Consensus Estimate for its earnings has decreased 3.7% to $1.05 per share for the second quarter of fiscal 2022 (ending September 2021). The consensus estimate for fiscal 2022 (ending March 2022) at $4.49 and for fiscal 2023 (ending March 2023) at $5.14 reflects 0.2% and 0.8% increases from the 60-day-ago figures, respectively.RBC Bearings Incorporated Price and Consensus  RBC Bearings Incorporated price-consensus-chart | RBC Bearings Incorporated QuoteStocks to ConsiderThree better-ranked stocks in the industry are EnPro Industries, Inc. NPO, Kadant Inc. KAI and Nordson Corporation NDSN. All companies presently sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.In the past 60 days, earnings estimates for these companies have improved for the current year. Further, positive earnings surprise for the last reported quarter was 25.81% for EnPro Industries, 33.11% for Kadant and 14.15% for Nordson.(We are reissuing this article to correct a mistake. The original article, issued on September 21, 2021, should no longer be relied upon.) More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Nordson Corporation (NDSN): Free Stock Analysis Report Kadant Inc (KAI): Free Stock Analysis Report EnPro Industries (NPO): Free Stock Analysis Report RBC Bearings Incorporated (ROLL): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 20 min. ago

AutoNation (AN) Soars to 52-Week High, Time to Cash Out?

AutoNation (AN) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues. Have you been paying attention to shares of AutoNation (AN)? Shares have been on the move with the stock up 11.6% over the past month. The stock hit a new 52-week high of $127.22 in the previous session. AutoNation has gained 80% since the start of the year compared to the -5.4% move for the Zacks Retail-Wholesale sector and the 40.5% return for the Zacks Automotive - Retail and Whole Sales 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 July 19, 2021, AutoNation reported EPS of $4.83 versus consensus estimate of $2.85 while it beat the consensus revenue estimate by 17.54%.For the current fiscal year, AutoNation is expected to post earnings of $15.32 per share on $25.58 billion in revenues. This represents a 115.17% change in EPS on a 25.44% change in revenues. For the next fiscal year, the company is expected to earn $12.72 per share on $25.7 billion in revenues. This represents a year-over-year change of -16.99% and 0.49%, respectively.Valuation MetricsAutoNation 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.AutoNation has a Value Score of A. The stock's Growth and Momentum Scores are A and C, respectively, giving the company a VGM Score of A.In terms of its value breakdown, the stock currently trades at 8.2X current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 9.6X versus its peer group's average of 9.2X. Additionally, the stock has a PEG ratio of 0.43. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, AutoNation currently has a Zacks Rank of #1 (Strong 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 AutoNation fits the bill. Thus, it seems as though AutoNation shares could still be poised for more gains ahead. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AutoNation, Inc. (AN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 20 min. ago

BJ"s (BJ) Soars to 52-Week High, Time to Cash Out?

BJ's (BJ) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues. Have you been paying attention to shares of BJs Wholesale Club Holdings (BJ)? Shares have been on the move with the stock up 4.1% over the past month. The stock hit a new 52-week high of $59.81 in the previous session. BJs Wholesale Club Holdings has gained 58.2% since the start of the year compared to the -5.1% move for the Zacks Consumer Discretionary sector and the -13.6% return for the Zacks Consumer Services - Miscellaneous 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 August 19, 2021, BJ's reported EPS of $0.82 versus consensus estimate of $0.65 while it beat the consensus revenue estimate by 8.35%.For the current fiscal year, BJ's is expected to post earnings of $2.9 per share on $16.01 billion in revenues. This represents a -6.15% change in EPS on a 3.78% change in revenues. For the next fiscal year, the company is expected to earn $3.15 per share on $17.01 billion in revenues. This represents a year-over-year change of 8.41% and 6.23%, respectively.Valuation MetricsThough BJ's has recently hit a 52-week high, what is next for BJ's? 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.BJ's has a Value Score of C. 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 20.3X current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 13.5X versus its peer group's average of 6.1X. Additionally, the stock has a PEG ratio of 2.49. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, BJ's currently has a Zacks Rank of #1 (Strong 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 BJ's passes the test. Thus, it seems as though BJ's shares could still be poised for more gains ahead.How Does BJ's Stack Up to the Competition?Shares of BJ's have been rising, and the company still appears to be a decent choice, but what about the rest of the industry? Some of its industry peers are also looking good, including RentACenter (RCII), Hasbro (HAS), and Brunswick (BC), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices.However, it is worth noting that the Zacks Industry Rank for this group is in the bottom half of the ranking, so it isn't all good news for BJ's. Still, the fundamentals for BJ's are promising, and it still has potential despite being at a 52-week high. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BJs Wholesale Club Holdings, Inc. (BJ): Free Stock Analysis Report Hasbro, Inc. (HAS): Free Stock Analysis Report RentACenter, Inc. (RCII): Free Stock Analysis Report Brunswick Corporation (BC): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks1 hr. 20 min. ago

AutoZone (AZO) Hits Fresh High: Is There Still Room to Run?

AutoZone (AZO) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues. Shares of AutoZone (AZO) have been strong performers lately, with the stock up 4.4% over the past month. The stock hit a new 52-week high of $1694.27 in the previous session. AutoZone has gained 42% since the start of the year compared to the -5.4% move for the Zacks Retail-Wholesale sector and the 38.6% return for the Zacks Automotive - Retail and Wholesale - Parts 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 September 21, 2021, AutoZone reported EPS of $35.72 versus consensus estimate of $30.2 while it beat the consensus revenue estimate by 7.61%.For the current fiscal year, AutoZone is expected to post earnings of $94.22 per share on $14.29 billion in revenues. This represents a -1.02% change in EPS on a -2.33% change in revenues. For the next fiscal year, the company is expected to earn $106.85 per share on $15.01 billion in revenues. This represents a year-over-year change of 13.4% and 5.07%, respectively.Valuation MetricsAutoZone 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.AutoZone has a Value Score of C. The stock's Growth and Momentum Scores are B and A, respectively, giving the company a VGM Score of A.In terms of its value breakdown, the stock currently trades at 17.9X current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 18.4X versus its peer group's average of 20X. Additionally, the stock has a PEG ratio of 1.57. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to consider the stock's Zacks Rank, as this supersedes any trend on the style score front. Fortunately, AutoZone 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 AutoZone meets the list of requirements. Thus, it seems as though AutoZone shares could have a bit more room to run in the near term.How Does AutoZone Stack Up to the Competition?Shares of AutoZone have been rising, and the company still appears to be a decent choice, but what about the rest of the industry? Some of its industry peers are also solid potential picks, including Caseys General Stores (CASY), Lithia Motors (LAD), and Costco Wholesale (COST), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices.The Zacks Industry Rank is in the top 8% of all the industries we have in our universe, so it looks like there are some nice tailwinds for AutoZone, even beyond its own solid fundamental situation. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report AutoZone, Inc. (AZO): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report Lithia Motors, Inc. (LAD): Free Stock Analysis Report Caseys General Stores, Inc. (CASY): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks1 hr. 20 min. ago

Dillard"s (DDS) Hits 52-Week High, Can the Run Continue?

Dillard's (DDS) is at a 52-week high, but can investors hope for more gains in the future? We take a look at the company's fundamentals for clues. Shares of Dillards (DDS) have been strong performers lately, with the stock up 2.8% over the past month. The stock hit a new 52-week high of $212.72 in the previous session. Dillards has gained 233.1% since the start of the year compared to the -5.4% move for the Zacks Retail-Wholesale sector and the 76.4% return for the Zacks Retail - Regional Department Stores 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 August 12, 2021, Dillard's reported EPS of $8.81 versus consensus estimate of $2.45 while it beat the consensus revenue estimate by 24.83%.For the current fiscal year, Dillard's is expected to post earnings of $31.1 per share on $6.03 billion in revenues. This represents a 1239.19% change in EPS on a 40.3% change in revenues. For the next fiscal year, the company is expected to earn $10 per share on $6.1 billion in revenues. This represents a year-over-year change of -67.85% and 1.13%, respectively.Valuation MetricsDillard's 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.Dillard's has a Value Score of B. The stock's Growth and Momentum Scores are B and A, respectively, giving the company a VGM Score of A.In terms of its value breakdown, the stock currently trades at 6.8X current fiscal year EPS estimates. On a trailing cash flow basis, the stock currently trades at 29.9X versus its peer group's average of 18.6X. Additionally, the stock has a PEG ratio of 0.53. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective.Zacks RankWe also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Dillard's currently has a Zacks Rank of #1 (Strong 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 Dillard's passes the test. Thus, it seems as though Dillard's shares could have potential in the weeks and months to come.How Does Dillard's Stack Up to the Competition?Shares of Dillard's have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? Some of its industry peers are also solid potential picks, including Kohls (KSS), Costco Wholesale (COST), and AutoZone (AZO), all of which currently have a Zacks Rank of at least #2 and a VGM Score of at least B, making them well-rounded choices.The Zacks Industry Rank is in the top 1% of all the industries we have in our universe, so it looks like there are some nice tailwinds for Dillard's, even beyond its own solid fundamental situation. More Stock News: This Is Bigger than the iPhone! It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 77 billion devices by 2025, creating a $1.3 trillion market. Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 4 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2022.Click here for the 4 trades >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Dillards, Inc. (DDS): Free Stock Analysis Report Kohls Corporation (KSS): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report AutoZone, Inc. (AZO): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks1 hr. 20 min. ago