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Strength Seen in CRISPR Therapeutics AG (CRSP): Can Its 7.2% Jump Turn into More Strength?

CRISPR Therapeutics AG (CRSP) was a big mover last session on higher-than-average trading volume. The latest trend in earnings estimate revisions might help the stock continue moving higher in the near term. CRISPR Therapeutics AG (CRSP) shares ended the last trading session 7.2% higher at $56.12. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 16.3% gain over the past four weeks.The positive momentum built is in anticipation of CRISPR's lead product candidate Exa-cel, which is being developed in collaboration with Vertex Pharmaceuticals. The companies have begun the rolling Biologics License Application (BLA) submission to the FDA for exa-cel in transfusion-dependent beta thalassemia (TDT) and sickle cell disease (SCD) indications. This submission is intended to be completed by first-quarter 2023.This company is expected to post quarterly loss of $2.32 per share in its upcoming report, which represents a year-over-year change of -26.1%. Revenues are expected to be $12.18 million, down 5.6% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For CRISPR Therapeutics AG, the consensus EPS estimate for the quarter has been revised marginally higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on CRSP going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>CRISPR Therapeutics AG belongs to the Zacks Medical - Biomedical and Genetics industry. Another stock from the same industry, Zymeworks Inc. (ZYME), closed the last trading session 0.2% lower at $9.25. Over the past month, ZYME has returned 20.9%.For Zymeworks Inc., the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $4.62. This represents a change of +586.3% from what the company reported a year ago. Zymeworks Inc. currently has a Zacks Rank of #3 (Hold). Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.See New Top 10 Stocks >>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 CRISPR Therapeutics AG (CRSP): Free Stock Analysis Report Zymeworks Inc. (ZYME): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKS19 hr. 52 min. ago Related News

Expeditors International (EXPD) Surges 4.6%: Is This an Indication of Further Gains?

Expeditors International (EXPD) witnessed a jump in share price last session on above-average trading volume. The latest trend in earnings estimate revisions for the stock suggests that there could be more strength down the road. Expeditors International (EXPD) shares rallied 4.6% in the last trading session to close at $118.87. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 7% gain over the past four weeks.The uptick on Feb 2 marked the third straight day of gain for the EXPD stock. The uptrend may be owing to China ending its zero-Covid policy which implies that the economy is re-opening. This naturally bodes well for EXPD as it has significant Chinese exposure.This logistics services provider is expected to post quarterly earnings of $1.88 per share in its upcoming report, which represents a year-over-year change of -29.3%. Revenues are expected to be $4.17 billion, down 22.7% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For Expeditors International, the consensus EPS estimate for the quarter has been revised 4.3% higher over the last 30 days to the current level. And a positive trend in earnings estimate revision usually translates into price appreciation. So, make sure to keep an eye on EXPD going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Expeditors International is a member of the Zacks Transportation - Services industry. One other stock in the same industry, Daseke (DSKE), finished the last trading session 0.1% higher at $7.45. DSKE has returned 33.1% over the past month.Daseke's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.02. Compared to the company's year-ago EPS, this represents a change of -77.8%. Daseke currently boasts a Zacks Rank of #3 (Hold). Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.See New Top 10 Stocks >>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 Expeditors International of Washington, Inc. (EXPD): Free Stock Analysis Report Daseke, Inc. (DSKE): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKS19 hr. 52 min. ago Related News

Boyd (BYD) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

While the top- and bottom-line numbers for Boyd (BYD) give a sense of how the business performed in the quarter ended December 2022, it could be worth looking at how some of its key metrics compare to Wall Street estimates and year-ago values. For the quarter ended December 2022, Boyd Gaming (BYD) reported revenue of $922.92 million, up 4.9% over the same period last year. EPS came in at $1.72, compared to $1.35 in the year-ago quarter.The reported revenue represents a surprise of +4.52% over the Zacks Consensus Estimate of $882.99 million. With the consensus EPS estimate being $1.45, the EPS surprise was +18.62%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Boyd performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Revenues gross-Las Vegas Locals: $240.92 million versus the four-analyst average estimate of $228.82 million. The reported number represents a year-over-year change of +2%.Revenues gross-Downtown Las Vegas: $62.44 million compared to the $54.89 million average estimate based on four analysts. The reported number represents a change of +16.8% year over year.Revenues gross-Midwest and South Region: $619.56 million versus $598.07 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +5% change.Las Vegas Locals-Adjusted EBITDAR: $125.88 million versus $114.89 million estimated by four analysts on average.Corporate expense-Adjusted EBITDAR: -$22.43 million compared to the -$22.08 million average estimate based on four analysts.Midwest and South-Adjusted EBITDAR: $228.82 million versus $226.11 million estimated by four analysts on average.Downtown Las Vegas-Adjusted EBITDAR: $27.83 million versus $20.11 million estimated by four analysts on average.View all Key Company Metrics for Boyd here>>>Shares of Boyd have returned +10.9% over the past month versus the Zacks S&P 500 composite's +7.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.See New Top 10 Stocks >>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 Boyd Gaming Corporation (BYD): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKS19 hr. 52 min. ago Related News

U.S. Steel (X) Q4 Earnings: Taking a Look at Key Metrics Versus Estimates

Although the revenue and EPS for U.S. Steel (X) give a sense of how its business performed in the quarter ended December 2022, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. For the quarter ended December 2022, United States Steel (X) reported revenue of $4.34 billion, down 22.8% over the same period last year. EPS came in at $0.87, compared to $3.64 in the year-ago quarter.The reported revenue represents a surprise of +9.74% over the Zacks Consensus Estimate of $3.95 billion. With the consensus EPS estimate being $0.60, the EPS surprise was +45%.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how U.S. Steel performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Net sales-USSE: $728 million versus the four-analyst average estimate of $659.66 million. The reported number represents a year-over-year change of -36.1%.Net sales-Tubular: $496 million versus $368.60 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a +89.3% change.Net sales-Mini Mill: $552 million versus the three-analyst average estimate of $570.08 million. The reported number represents a year-over-year change of -44.7%.Net sales-Flat-rolled: $2.64 billion versus the three-analyst average estimate of $2.53 billion. The reported number represents a year-over-year change of -22.5%.View all Key Company Metrics for U.S. Steel here>>>Shares of U.S. Steel have returned +16.3% over the past month versus the Zacks S&P 500 composite's +7.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.See New Top 10 Stocks >>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 United States Steel Corporation (X): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKS20 hr. 20 min. ago Related News

Here"s What Key Metrics Tell Us About Ford Motor Company (F) Q4 Earnings

The headline numbers for Ford Motor Company (F) give insight into how the company performed in the quarter ended December 2022, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. For the quarter ended December 2022, Ford Motor Company (F) reported revenue of $41.8 billion, up 18.4% over the same period last year. EPS came in at $0.51, compared to $0.26 in the year-ago quarter.The reported revenue represents a surprise of +6.25% over the Zacks Consensus Estimate of $39.34 billion. With the consensus EPS estimate being $0.60, the EPS surprise was -15%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Ford Motor Company performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Wholesale Units - China (Including Taiwan): 117 thousand versus the three-analyst average estimate of 162.37 thousand.Wholesale Units - International Markets Group (IMG): 103 thousand versus 92.71 thousand estimated by three analysts on average.Wholesale Units - Total Automotive: 1147 thousand compared to the 1208.84 thousand average estimate based on three analysts.Wholesale unit Volumes-Automotive-Ford South America: 26 thousand compared to the 35.09 thousand average estimate based on three analysts.Wholesale unit volumes-Automotive-Ford Europe: 266 thousand compared to the 259.25 thousand average estimate based on three analysts.Wholesale unit Volumes-Automotive-Ford North America: 635 thousand versus the three-analyst average estimate of 659.75 thousand.Automotive Revenue- China (Including Taiwan): $300 million versus the three-analyst average estimate of $569.73 million.Automotive Revenue- International Markets Group (IMG): $3.30 billion versus the three-analyst average estimate of $2.58 billion.Net sales-Automotive-Ford South America [$M]: $900 million versus $1.21 billion estimated by three analysts on average. Compared to the year-ago quarter, this number represents a +12.5% change.Net sales-Automotive-Ford North America [$M]: $31 billion compared to the $28.86 billion average estimate based on three analysts. The reported number represents a change of +20.2% year over year.Net sales-Automotive-Ford Europe [$M]: $6.10 billion versus the three-analyst average estimate of $6.15 billion. The reported number represents a year-over-year change of +7%.Automotive sales: $41.80 billion compared to the $39.40 billion average estimate based on three analysts. The reported number represents a change of +18.4% year over year.View all Key Company Metrics for Ford Motor Company here>>>Shares of Ford Motor Company have returned +14.8% over the past month versus the Zacks S&P 500 composite's +7.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.See New Top 10 Stocks >>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 Ford Motor Company (F): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKS20 hr. 20 min. ago Related News

Here"s What Key Metrics Tell Us About LPL Financial Holdings Inc. (LPLA) Q4 Earnings

Although the revenue and EPS for LPL Financial Holdings Inc. (LPLA) give a sense of how its business performed in the quarter ended December 2022, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. LPL Financial Holdings Inc. (LPLA) reported $2.33 billion in revenue for the quarter ended December 2022, representing a year-over-year increase of 11.4%. EPS of $4.21 for the same period compares to $1.63 a year ago.The reported revenue compares to the Zacks Consensus Estimate of $2.28 billion, representing a surprise of +2.31%. The company delivered an EPS surprise of +5.25%, with the consensus EPS estimate being $4.00.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how LPL Financial Holdings Inc. performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Total Advisory and Brokerage Assets: $1110.8 billion versus $1078.7 billion estimated by three analysts on average.Number of advisors [#]: 21275 versus 21236.33 estimated by three analysts on average.Total Advisory and Brokerage Assets-Brokerage Assets: $527.7 billion versus the three-analyst average estimate of $511 billion.Transaction and other fees: $46.79 million versus $43.46 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -68.7% change.Commissions: $582.28 million versus the four-analyst average estimate of $572.97 million. The reported number represents a year-over-year change of -5%.Advisory fees: $902.44 million versus $905.51 million estimated by four analysts on average. Compared to the year-ago quarter, this number represents a -9.5% change.Service and fee: $120.02 million compared to the $116.62 million average estimate based on three analysts.View all Key Company Metrics for LPL Financial Holdings Inc. here>>>Shares of LPL Financial Holdings Inc. have returned +10.4% over the past month versus the Zacks S&P 500 composite's +7.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.See New Top 10 Stocks >>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 LPL Financial Holdings Inc. (LPLA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKS20 hr. 20 min. ago Related News

Omega Healthcare Investors (OHI) Reports Q4 Earnings: What Key Metrics Have to Say

The headline numbers for Omega Healthcare Investors (OHI) give insight into how the company performed in the quarter ended December 2022, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals. Omega Healthcare Investors (OHI) reported $144.85 million in revenue for the quarter ended December 2022, representing a year-over-year decline of 42.1%. EPS of $0.73 for the same period compares to $0.14 a year ago.The reported revenue represents a surprise of -6.11% over the Zacks Consensus Estimate of $154.28 million. With the consensus EPS estimate being $0.73, the company has not delivered EPS surprise.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.Here is how Omega Healthcare Investors performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:Rental income: $110.15 million versus the four-analyst average estimate of $144.81 million. The reported number represents a year-over-year change of -48.6%.Income from direct financing leases: $0.26 million compared to the $0.24 million average estimate based on three analysts. The reported number represents a change of -0.8% year over year.Real estate tax and ground lease income: $4.16 million versus $4.41 million estimated by three analysts on average.Diluted- Net income (loss): $0.19 versus $0.25 estimated by four analysts on average.View all Key Company Metrics for Omega Healthcare Investors here>>>Shares of Omega Healthcare Investors have returned +3.9% over the past month versus the Zacks S&P 500 composite's +7.4% change. The stock currently has a Zacks Rank #5 (Strong Sell), indicating that it could underperform the broader market in the near term. Just Released: Zacks Top 10 Stocks for 2023 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for 2023? From inception in 2012 through November, the Zacks Top 10 Stocks portfolio has tripled the market, gaining an impressive +884.5% versus the S&P 500’s +287.4%. Our Director of Research has now combed through 4,000 companies covered by the Zacks Rank and handpicked the best 10 tickers to buy and hold in 2023. Don’t miss your chance to still be among the first to get in on these just-released stocks.See New Top 10 Stocks >>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 Omega Healthcare Investors, Inc. (OHI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKS20 hr. 20 min. ago Related News

Time to Buy Chevron or Altria Stock After Announcing Buybacks?

Several companies have announced buybacks this earnings season, increasing their share repurchase programs. The most notable companies implementing lucrative buybacks are oil and gas giant Chevron (CVX) and big tobacco producer Altria (MO). Several companies have announced buybacks this earnings season, increasing their share repurchase programs. The most notable companies implementing lucrative buybacks are oill and gas giant Chevron CVX and big tobacco producer Altria MO.Let’s see if it’s time to buy Chevron or Altria stock following their fourth-quarter earnings reports.Chevron Q4 Review Despite slightly missing Q4 earnings expectations last week by -1.68% with EPS of $4.09, Chevron rounded out its fiscal 2022 with a record year for earnings and U.S. oil and gas production. Chevron was able to beat top-line estimates by 8% at $56.47 billion during Q4. Year over year, Q4 earnings were up 60% with sales rising 17% from the prior-year quarter.Chevron ended FY22 with a record profit of $36.54 billion. Earnings were at $18.83 per share in FY22, up a very impressive 131% from EPS of $8.13 in 2021 as crude oil prices have remained relatively high. Total sales for FY22 were $246.25 billion, climbing 51% from 2021 sales of $162.46 billion. Image Source: Zacks Investment ResearchAltria Q4 Review Altria reported Q4 earnings on Wednesday and was able to reach bottom-line expectations with earnings of $1.18 per share. Fourth-quarter sales slightly missed estimates by -1.57% coming in at $5.08 billion. Year over year, Q4 EPS was up 8% with sales virtually flat from the prior-year quarter.Total sales for FY22 came to roughly $20.69 billion, declining -20% compared to $26.01 billion a year ago. Still, Altria ended FY22 with earnings at $4.84 per share which represented 5% growth from EPS of $4.61 in 2021.Image Source: Zacks Investment ResearchDividend Aristocrat & BuybacksLast Thursday, shares of Chevron spiked on news that the company will increase its budget for buybacks to $75 billion upon robust profits. This now tops fellow big oil conglomerate Exxon Mobil’s XOM $50 billion share repurchase plan through 2024.Chevron also announced it will increase its quarterly dividend amount by 6% ($0.09) to $1.51 per share with its annual yield currently at 3.32%, which is now above Exxon Mobil’s 3.17% with the industry average also at 3.17% and the S&P 500 average at 1.5%. Even better, Chevron is a dividend aristocrat recognized for raising its dividend for at least 25 consecutive years, currently at 35 years and counting.Image Source: Zacks Investment ResearchDividend King & Buybacks As for Altria, it is even further among the upper echelon as it relates to dividends. Altria is considered a “Dividend King” which is recognition for a company increasing its dividend for at least 50 consecutive years. Altria is currently at 53 years and counting in this regard.During its Q4 report, management stated it is committed to the long-term objective of a dividend payout ratio target of approximately 80% of adjusted diluted future EPS. Management also announced a $1 billion share buyback plan which led to Altria stock popping 5% on Wednesday. More impressive, Altria has frequently topped the Dividend King list in terms of yield which is currently at 7.91%, crushing the Tobacco Industry average of 4.90% and far above the benchmark.Image Source: Zacks Investment ResearchPerformance & Valuation Over the last year, when including the dividends, Chevron’s total return is +30% Vs. Altria’s virtually flat performance with both topping the S&P 500’s -8%. However, over the last decade, Chevron’s +46% and Altria’s +35% total return have trailed the benchmark’s +177%.Image Source: Zacks Investment ResearchEven so, Chevron and Altria’s reliable dividends make them viable investments for steady income and is reassuring to investors with their stocks recently outperforming the broader market.Both stocks also continue to trade attractively from a valuation standpoint. Trading around $169 per share and just 10.9X forward earnings, Chevron trades well below its extreme decade high and at a 38% discount to the median of 17.6X.Looking at Altria, shares trade around $47 at 9.3X forward earnings. This is 60% below its own decade-long high of 23.5X and a 35% discount to the median of 14.5X.EPS Growth & Outlook After rounding out fiscal 2022, Chevron’s FY23 earnings are expected to drop -16% to $15.76 per share after a very exceptional year. Fiscal 2024 earnings are projected to dip another -5% but earnings estimate revisions have gone up while FY23 estimates have declined. Plus, Chevron’s bottom line would still remain well above historical levels.Image Source: Zacks Investment ResearchPivoting to Altria, earnings are forecasted to be up 5% in FY23 and rise another 5% in FY24 to $5.35 per share. Earnings estimates have remained slightly higher over the last quarter. Furthermore, with management committed to an 80% payout ratio of future EPS, the forecast of solid bottom-line growth indicates Altria should have the ability to offer lucrative dividend hikes at some point.Image Source: Zacks Investment ResearchBottom Line Both Chevron and Altria stock currently land a Zacks Rank #3 (Hold). After largely outperforming the broader market over the course of the last six months both stocks may be due for a pullback but remain very reliable investments in terms of income in the portfolio. Increasing their share repurchase plans is also a great sign for long-term investors as management at both companies appear to be focused on rewarding shareholders as indicated in the buybacks and stellar dividends. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Chevron Corporation (CVX): Free Stock Analysis Report Altria Group, Inc. (MO): Free Stock Analysis Report Exxon Mobil Corporation (XOM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKSFeb 2nd, 2023Related News

C.H. Robinson (CHRW) Q4 Earnings & Revenues Lag, Down Y/Y

C.H. Robinson (CHRW) fourth-quarter 2022 earnings and revenues decrease year over year. C.H. Robinson Worldwide CHRW reported disappointing fourth-quarter 2022 results wherein both earnings and revenues missed the Zacks Consensus Estimate.Quarterly earnings of $1.03 per share missed the Zacks Consensus Estimate of $1.35 and declined 40.8% year over year. Total revenues of $5066.8 million lagged the Zacks Consensus Estimate of $5601.8 million and declined 22.1% year over year, owing to lower pricing and volume across most of our services.Operating expenses grew 6.2% year over year to $604.1 million. Adjusted gross profit fell 10.3% to $768.2 million, owing to lower adjusted gross profit per transaction in ocean and air.C.H. Robinson Worldwide, Inc. Price, Consensus and EPS Surprise  C.H. Robinson Worldwide, Inc. price-consensus-eps-surprise-chart | C.H. Robinson Worldwide, Inc. Quote Segmental ResultsAt North American Surface Transportation, total revenues were $3,563.07million (down 8.5% year over year) in the fourth quarter. Segmental revenues were hurt by lower truckload pricing and volume. Adjusted gross profit at the segment ascended 5.7%.Total revenues at Global Forwarding were $1,013.30million, down 52.7% year over year. Results were weighed down by lower pricing and volumes in CHRW’s ocean and air services, reflecting softening market demand. Adjusted gross profit at the segmentfell 39% year over year.Revenues from other sources (Robinson Fresh, Managed Services and Other Surface Transportation) increased 6.2% to $490.44million.Below we present the division of adjusted profit among the service lines (on an enterprise basis).Transportation: The unit (comprising Truckload, Intermodal, LTL, Ocean, Air, Customs and Other logistics services) delivered an adjusted gross profit of $741.95million in the quarter under consideration, down 10.9% from the prior-year figure.Adjusted gross profit at the Truckload sub-group climbed 2.2% year over year to $346.84million. LTL’s adjusted gross profit increased 7.1% year over year to $149.37million. Customs-adjusted gross profit fell 3.3% to $24.49million. Other logistics services’ adjusted gross profit rose 31.2% to $68.90million.Adjusted gross profit at the Ocean transportation segment fell 42.7% year over year to $120.29million. The same at the air transportation sub-group fell 51.3% to $32.03million.Balance-Sheet DataCHRW exited the fourth quarter with cash and cash equivalents of $217.48 million compared with $187.53 million at the end of September 2022. Long-term debt was $920.04 million compared with $1.42 billion at the end of September 2022.CHRW generated $773.4 million of cash from operations in the fourth quarter. Capital expenditures came in at $27.8 million in the reported quarter.In the fourth quarter of 2022, the companyrepurchased shares worth $438.1 million and paid $69.1 million in cash dividends.2023 OutlookCapital expenditures for 2023 are anticipated between $90 million and $100 million. Full-year effective tax rate is anticipated between 19% to 21%.Currently, C.H. Robinson carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Performance of Other Transportation CompaniesUnited Airlines’ UAL fourth-quarter 2022 earnings of $2.46 per share beat the Zacks Consensus Estimate of $2.07. In the year-ago quarter, UAL incurred a loss of $1.60 per share when air-travel demand was not as buoyant as in the current scenario. The fourth quarter of 2022 was the third consecutive profitable quarter at UAL since the onset of the pandemic.Operating revenues of $12,400 million beat the Zacks Consensus Estimate of $12,230 million. UAL’s revenues increased 51.37% year over year owing to upbeat air-travel demand. The optimistic air-travel demand scenario is also evident from the fact that total operating revenues increased 13.9% from fourth-quarter 2019 (pre-coronavirus) levels.Delta Air Lines’ DAL fourth-quarter 2022 earnings (excluding 19 cents from non-recurring items) of $1.48 per share beat the Zacks Consensus Estimate of $1.29 per share. DAL reported earnings of 22 cents per share a year ago, dull in comparison to the current scenario, as air-travel demand was not so buoyant then.DAL reported revenues of $13,435 million, which also surpassed the Zacks Consensus Estimate of $13,030.3 million. Driven by the high air-travel demand, total revenues increased more than 41.87% on a year-over-year basis.J.B. Hunt Transport Services, Inc.’s JBHT fourth-quarter 2022 earnings of $1.92 per share missed the Zacks Consensus Estimate of $2.45 and declined 16% year over year.JBHT’s total operating revenues of $3,649.62 million also lagged the Zacks Consensus Estimate of $3,796.8 million. The top line jumped 4.4% year over year. Total operating revenues, excluding fuel surcharges, fell 2.9% year over year. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Delta Air Lines, Inc. (DAL): Free Stock Analysis Report United Airlines Holdings Inc (UAL): Free Stock Analysis Report J.B. Hunt Transport Services, Inc. (JBHT): Free Stock Analysis Report C.H. Robinson Worldwide, Inc. (CHRW): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

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Qualcomm (QCOM) Beats Q1 Earnings Estimates

Qualcomm (QCOM) delivered earnings and revenue surprises of 0.85% and 1.12%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock? Qualcomm (QCOM) came out with quarterly earnings of $2.37 per share, beating the Zacks Consensus Estimate of $2.35 per share. This compares to earnings of $3.23 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 0.85%. A quarter ago, it was expected that this chipmaker would post earnings of $3.12 per share when it actually produced earnings of $3.13, delivering a surprise of 0.32%.Over the last four quarters, the company has surpassed consensus EPS estimates four times.Qualcomm, which belongs to the Zacks Wireless Equipment industry, posted revenues of $9.46 billion for the quarter ended December 2022, missing the Zacks Consensus Estimate by 1.12%. This compares to year-ago revenues of $10.71 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.Qualcomm shares have added about 25.9% since the beginning of the year versus the S&P 500's gain of 7.3%.What's Next for Qualcomm?While Qualcomm 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 Qualcomm: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.23 on $9.41 billion in revenues for the coming quarter and $10.06 on $39.61 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Wireless Equipment is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Another stock from the same industry, ViaSat (VSAT), has yet to report results for the quarter ended December 2022. The results are expected to be released on February 7.This provider of satellite and wireless networking technology is expected to post quarterly loss of $0.35 per share in its upcoming report, which represents a year-over-year change of -288.9%. The consensus EPS estimate for the quarter has been revised 25.8% lower over the last 30 days to the current level.ViaSat's revenues are expected to be $673.07 million, down 6.5% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 QUALCOMM Incorporated (QCOM): Free Stock Analysis Report Viasat Inc. (VSAT): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

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Standex International (SXI) Q2 Earnings and Revenues Surpass Estimates

Standex (SXI) delivered earnings and revenue surprises of 2.35% and 1.67%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock? Standex International (SXI) came out with quarterly earnings of $1.74 per share, beating the Zacks Consensus Estimate of $1.70 per share. This compares to earnings of $1.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.35%. A quarter ago, it was expected that this equipment manufacturing company would post earnings of $1.60 per share when it actually produced earnings of $1.60, delivering no surprise.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Standex, which belongs to the Zacks Manufacturing - General Industrial industry, posted revenues of $187.79 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 1.67%. This compares to year-ago revenues of $185.71 million. 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.Standex shares have added about 16.4% since the beginning of the year versus the S&P 500's gain of 7.3%.What's Next for Standex?While Standex 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 Standex: 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 $1.72 on $192.6 million in revenues for the coming quarter and $6.85 on $759.7 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Manufacturing - General Industrial is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.One other stock from the same industry, RBC Bearings (RBC), is yet to report results for the quarter ended December 2022. The results are expected to be released on February 9.This maker of bearings and components is expected to post quarterly earnings of $1.61 per share in its upcoming report, which represents a year-over-year change of +130%. The consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level.RBC Bearings' revenues are expected to be $357.4 million, up 33.9% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Standex International Corporation (SXI): Free Stock Analysis Report RBC Bearings Incorporated (RBC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

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SkyWest (SKYW) Reports Break-Even Earnings for Q4

SkyWest (SKYW) delivered earnings and revenue surprises of -100% and 3.26%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock? SkyWest (SKYW) reported break-even quarterly earnings per share versus the Zacks Consensus Estimate of $0.08. This compares to earnings of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this regional airline would post earnings of $0.72 per share when it actually produced earnings of $0.96, delivering a surprise of 33.33%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.SkyWest, which belongs to the Zacks Transportation - Airline industry, posted revenues of $681.25 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 3.26%. This compares to year-ago revenues of $777.16 million. 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.SkyWest shares have added about 23.6% since the beginning of the year versus the S&P 500's gain of 7.3%.What's Next for SkyWest?While SkyWest 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 SkyWest: 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 $0.10 on $678.94 million in revenues for the coming quarter and $0.57 on $2.86 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Airline is currently in the top 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Another stock from the same industry, Spirit (SAVE), has yet to report results for the quarter ended December 2022. The results are expected to be released on February 6.This airline is expected to post quarterly earnings of $0.04 per share in its upcoming report, which represents a year-over-year change of +106.3%. The consensus EPS estimate for the quarter has been revised 11.6% lower over the last 30 days to the current level.Spirit's revenues are expected to be $1.39 billion, up 40.7% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 SkyWest, Inc. (SKYW): Free Stock Analysis Report Spirit Airlines, Inc. (SAVE): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

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Camden (CPT) Q4 FFO Lag Estimates

Camden (CPT) delivered FFO and revenue surprises of -1.14% and 0.23%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock? Camden (CPT) came out with quarterly funds from operations (FFO) of $1.74 per share, missing the Zacks Consensus Estimate of $1.76 per share. This compares to FFO of $1.51 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an FFO surprise of -1.14%. A quarter ago, it was expected that this real estate investment trust would post FFO of $1.70 per share when it actually produced FFO of $1.70, delivering no surprise.Over the last four quarters, the company has surpassed consensus FFO estimates two times.Camden, which belongs to the Zacks REIT and Equity Trust - Residential industry, posted revenues of $375.91 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 0.23%. This compares to year-ago revenues of $305.36 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future FFO expectations will mostly depend on management's commentary on the earnings call.Camden shares have added about 10.6% since the beginning of the year versus the S&P 500's gain of 7.3%.What's Next for Camden?While Camden 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 FFO outlook. Not only does this include current consensus FFO 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 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 estimate revisions.Ahead of this earnings release, the estimate revisions trend for Camden: unfavorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $1.75 on $379.24 million in revenues for the coming quarter and $7.17 on $1.55 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, REIT and Equity Trust - Residential is currently in the bottom 28% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.One other stock from the same industry, LXP Industrial (LXP), is yet to report results for the quarter ended December 2022. The results are expected to be released on February 16.This real estate investment trust is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents a year-over-year change of -5.6%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.LXP Industrial's revenues are expected to be $81.01 million, down 6.3% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Camden Property Trust (CPT): Free Stock Analysis Report LXP Industrial Trust (LXP): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

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Amazon (AMZN) Beats Q4 Earnings and Revenue Estimates

Amazon (AMZN) delivered earnings and revenue surprises of 40% and 2.64%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock? Amazon (AMZN) came out with quarterly earnings of $0.21 per share, beating the Zacks Consensus Estimate of $0.15 per share. This compares to earnings of $1.39 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 40%. A quarter ago, it was expected that this online retailer would post earnings of $0.22 per share when it actually produced earnings of $0.20, delivering a surprise of -9.09%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Amazon, which belongs to the Zacks Internet - Commerce industry, posted revenues of $149.2 billion for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 2.64%. This compares to year-ago revenues of $137.41 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.Amazon shares have added about 25.2% since the beginning of the year versus the S&P 500's gain of 7.3%.What's Next for Amazon?While Amazon 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 Amazon: 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 $0.26 on $124.46 billion in revenues for the coming quarter and $1.58 on $556.57 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet - Commerce is currently in the top 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.One other stock from the same industry, PetMed (PETS), is yet to report results for the quarter ended December 2022. The results are expected to be released on February 6.This pet pharmacy company is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.PetMed's revenues are expected to be $63.71 million, up 4.9% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Amazon.com, Inc. (AMZN): Free Stock Analysis Report PetMed Express, Inc. (PETS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

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Cirrus Logic (CRUS) Q3 Earnings and Revenues Surpass Estimates

Cirrus Logic (CRUS) delivered earnings and revenue surprises of 20.60% and 9.78%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock? Cirrus Logic (CRUS) came out with quarterly earnings of $2.40 per share, beating the Zacks Consensus Estimate of $1.99 per share. This compares to earnings of $2.54 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 20.60%. A quarter ago, it was expected that this chipmaker would post earnings of $1.45 per share when it actually produced earnings of $1.99, delivering a surprise of 37.24%.Over the last four quarters, the company has surpassed consensus EPS estimates four times.Cirrus Logic, which belongs to the Zacks Electronics - Semiconductors industry, posted revenues of $590.58 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 9.78%. This compares to year-ago revenues of $548.35 million. The company has topped consensus revenue estimates four 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.Cirrus Logic shares have added about 25.2% since the beginning of the year versus the S&P 500's gain of 7.3%.What's Next for Cirrus Logic?While Cirrus Logic 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 Cirrus Logic: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.79 on $365.51 million in revenues for the coming quarter and $5.91 on $1.84 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics - Semiconductors is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Another stock from the same industry, Valens Semiconductor, Ltd. (VLN), has yet to report results for the quarter ended December 2022.This company is expected to post quarterly loss of $0.11 per share in its upcoming report, which represents a year-over-year change of -37.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Valens Semiconductor, Ltd.'s revenues are expected to be $23.15 million, up 11.6% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Cirrus Logic, Inc. (CRUS): Free Stock Analysis Report Valens Semiconductor, Ltd. (VLN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

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MicroStrategy (MSTR) Reports Q4 Loss, Tops Revenue Estimates

MicroStrategy (MSTR) delivered earnings and revenue surprises of -3,969.81% and 1.15%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock? MicroStrategy (MSTR) came out with a quarterly loss of $20.51 per share versus the Zacks Consensus Estimate of $0.53. This compares to loss of $8.41 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -3,969.81%. A quarter ago, it was expected that this business software company would post earnings of $0.94 per share when it actually produced a loss of $0.96, delivering a surprise of -202.13%.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.MicroStrategy, which belongs to the Zacks Computer - Software industry, posted revenues of $132.55 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 1.15%. This compares to year-ago revenues of $134.52 million. 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.MicroStrategy shares have added about 89.3% since the beginning of the year versus the S&P 500's gain of 7.3%.What's Next for MicroStrategy?While MicroStrategy 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 MicroStrategy: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.64 on $119.35 million in revenues for the coming quarter and $2.77 on $507.7 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computer - Software is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Intuit (INTU), another stock in the same industry, has yet to report results for the quarter ended January 2023. The results are expected to be released on February 23.This maker of TurboTax, QuickBooks and other accounting software is expected to post quarterly earnings of $1.43 per share in its upcoming report, which represents a year-over-year change of -7.7%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Intuit's revenues are expected to be $2.9 billion, up 8.4% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 MicroStrategy Incorporated (MSTR): Free Stock Analysis Report Intuit Inc. (INTU): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

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Boyd Gaming (BYD) Q4 Earnings and Revenues Surpass Estimates

Boyd (BYD) delivered earnings and revenue surprises of 18.62% and 4.52%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock? Boyd Gaming (BYD) came out with quarterly earnings of $1.72 per share, beating the Zacks Consensus Estimate of $1.45 per share. This compares to earnings of $1.35 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 18.62%. A quarter ago, it was expected that this casino operator would post earnings of $1.28 per share when it actually produced earnings of $1.48, delivering a surprise of 15.63%.Over the last four quarters, the company has surpassed consensus EPS estimates four times.Boyd, which belongs to the Zacks Gaming industry, posted revenues of $922.92 million for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 4.52%. This compares to year-ago revenues of $879.84 million. The company has topped consensus revenue estimates four 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.Boyd shares have added about 14.3% since the beginning of the year versus the S&P 500's gain of 7.3%.What's Next for Boyd?While Boyd 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 Boyd: 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 $1.32 on $857.86 million in revenues for the coming quarter and $5.40 on $3.44 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, Gaming is currently in the top 35% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Another stock from the same industry, Churchill Downs (CHDN), has yet to report results for the quarter ended December 2022. The results are expected to be released on February 22.This racetrack operator and gambling company is expected to post quarterly earnings of $1.52 per share in its upcoming report, which represents a year-over-year change of +19.7%. The consensus EPS estimate for the quarter has been revised 1.3% higher over the last 30 days to the current level.Churchill Downs' revenues are expected to be $481.42 million, up 32% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Boyd Gaming Corporation (BYD): Free Stock Analysis Report Churchill Downs, Incorporated (CHDN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

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Starbucks (SBUX) Misses Q1 Earnings and Revenue Estimates

Starbucks (SBUX) delivered earnings and revenue surprises of -2.60% and 1.04%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock? Starbucks (SBUX) came out with quarterly earnings of $0.75 per share, missing the Zacks Consensus Estimate of $0.77 per share. This compares to earnings of $0.72 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.60%. A quarter ago, it was expected that this coffee chain would post earnings of $0.73 per share when it actually produced earnings of $0.81, delivering a surprise of 10.96%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Starbucks, which belongs to the Zacks Retail - Restaurants industry, posted revenues of $8.71 billion for the quarter ended December 2022, missing the Zacks Consensus Estimate by 1.04%. This compares to year-ago revenues of $8.05 billion. The company has topped consensus revenue estimates just once 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.Starbucks shares have added about 10.9% since the beginning of the year versus the S&P 500's gain of 7.3%.What's Next for Starbucks?While Starbucks 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 Starbucks: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.70 on $8.59 billion in revenues for the coming quarter and $3.43 on $36.12 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Restaurants is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.One other stock from the same industry, Denny's (DENN), is yet to report results for the quarter ended December 2022. The results are expected to be released on February 13.This restaurant operator is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents no change from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.6% lower over the last 30 days to the current level.Denny's' revenues are expected to be $120.67 million, up 12.1% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Starbucks Corporation (SBUX): Free Stock Analysis Report Denny's Corporation (DENN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

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Strattec Security (STRT) Reports Q2 Loss, Lags Revenue Estimates

Strattec Security (STRT) delivered earnings and revenue surprises of -1,040% and 6.45%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock? Strattec Security (STRT) came out with a quarterly loss of $0.47 per share versus the Zacks Consensus Estimate of $0.05. This compares to earnings of $0.87 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -1,040%. A quarter ago, it was expected that this maker of automotive locks and keys would post earnings of $0.33 per share when it actually produced earnings of $0.03, delivering a surprise of -90.91%.Over the last four quarters, the company has not been able to surpass consensus EPS estimates.Strattec Security, which belongs to the Zacks Automotive - Original Equipment industry, posted revenues of $113.18 million for the quarter ended December 2022, missing the Zacks Consensus Estimate by 6.45%. This compares to year-ago revenues of $112.91 million. The company has topped consensus revenue estimates just once 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.Strattec Security shares have added about 27.2% since the beginning of the year versus the S&P 500's gain of 7.3%.What's Next for Strattec Security?While Strattec Security 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 Strattec Security: 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 $0.27 on $123.49 million in revenues for the coming quarter and $0.85 on $492.94 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Original Equipment is currently in the bottom 38% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.One other stock from the same industry, Visteon (VC), is yet to report results for the quarter ended December 2022. The results are expected to be released on February 16.This auto parts supplier is expected to post quarterly earnings of $1.47 per share in its upcoming report, which represents a year-over-year change of -13%. The consensus EPS estimate for the quarter has been revised 4.8% lower over the last 30 days to the current level.Visteon's revenues are expected to be $954.96 million, up 21.5% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Strattec Security Corporation (STRT): Free Stock Analysis Report Visteon Corporation (VC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

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Ford Motor Company (F) Q4 Earnings Lag Estimates

Ford Motor Company (F) delivered earnings and revenue surprises of -15% and 6.25%, respectively, for the quarter ended December 2022. Do the numbers hold clues to what lies ahead for the stock? Ford Motor Company (F) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.60 per share. This compares to earnings of $0.26 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -15%. A quarter ago, it was expected that this company would post earnings of $0.31 per share when it actually produced earnings of $0.30, delivering a surprise of -3.23%.Over the last four quarters, the company has surpassed consensus EPS estimates just once.Ford Motor Company, which belongs to the Zacks Automotive - Domestic industry, posted revenues of $41.8 billion for the quarter ended December 2022, surpassing the Zacks Consensus Estimate by 6.25%. This compares to year-ago revenues of $35.3 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.Ford Motor Company shares have added about 18.6% since the beginning of the year versus the S&P 500's gain of 7.3%.What's Next for Ford Motor Company?While Ford Motor Company 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 Ford Motor Company: 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 $0.33 on $33.41 billion in revenues for the coming quarter and $1.69 on $147.11 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Automotive - Domestic is currently in the top 29% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.IAA (IAA), another stock in the same industry, has yet to report results for the quarter ended December 2022. The results are expected to be released on February 21.This company is expected to post quarterly earnings of $0.53 per share in its upcoming report, which represents a year-over-year change of -13.1%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.IAA's revenues are expected to be $511.15 million, down 6.7% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Ford Motor Company (F): Free Stock Analysis Report IAA, Inc. (IAA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

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