So far, we've had a few S&P 500 companies reveal quarterly results, but the sample size is too small to draw any conclusions from. The Q3 cycle is on the horizon, with several S&P 500 companies already revealing their quarterly results. For the 8 S&P 500 members that have reported already, total earnings and revenues are up +8% and +0.09% from the same period last year, with 87.5% beating both EPS and revenue estimates.For a detailed view of the upcoming Q3 earnings cycle, I invite you to view our weekly Earnings Trends report - Current Earnings Outlook Reflects Stability And next week, several notable companies are slated to report, including Costco COST, Nike NKE, and Carnival Cruise Line CCL. But how do expectations stack up heading into the quarterly releases? Let’s take a closer look at quarterly expectations.NikeNike designs, develops, and markets athletic footwear, apparel, equipment, and services for men, women, and children worldwide. The company is expected to reveal quarterly results on Thursday, September 28th.Analysts have lowered their earnings expectations for the quarter to be reported, with the $0.73 Zacks Consensus EPS Estimate down 22% since June of this year.Image Source: Zacks Investment ResearchWe expect the company to post $12.9 billion in quarterly revenue, 2.2% higher than the year-ago period. Analysts have also taken their top line expectations lower since June, with the current estimate down nearly 4% since.Image Source: Zacks Investment ResearchCostcoCostco Wholesale sells high volumes of foods and general merchandise (including household products and appliances) at discounted prices through membership warehouses. The company’s quarterly release is expected on Tuesday, September 26th.Analysts have shown modest positivity for the release, with the $4.71 Zacks Consensus EPS Estimate up roughly 2% since June and reflecting year-over-year growth of 12%. Image Source: Zacks Investment ResearchThe company is also expected to post revenue growth, with the $78.6 billion consensus estimate 9% higher than year-ago sales of $72.1 billion. The company’s revenue has a history of seasonality but overall remains steady, as shown below. Image Source: Zacks Investment ResearchCarnival Cruise LineCarnival, a cruise and vacation company, is the world's leading leisure travel firm, carrying nearly half of global cruise guests. The company’s quarterly release is expected to hit the tape on Friday, September 29th.Analysts have left their earnings expectations unchanged since June, with the $0.75 Zacks Consensus EPS Estimate flat since. The value reflects a sizable 230% uptick in earnings, likely reflecting lowered costs.Concerning the top line, the $6.7 billion quarterly revenue estimate has inched 0.5% higher since June, indicating slight positivity. The company’s revenue has recovered nicely from pandemic lows, further illustrated in the chart below. Image Source: Zacks Investment ResearchBottom LineThe Q3 cycle is just around the corner, undoubtedly an exciting period. So far, we’ve had a few S&P 500 companies reveal quarterly results, although the sample size is too small to draw any conclusions from.And next week, several notable quarterly releases should catch the attention of investors, including Costco COST, Nike NKE, and Carnival Cruise Line CCL.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 Carnival Corporation (CCL): Free Stock Analysis Report NIKE, Inc. (NKE): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Upstart Holdings, Inc. (UPST) closed the most recent trading day at $26.55, moving -1.99% from the previous trading session. Upstart Holdings, Inc. (UPST) closed at $26.55 in the latest trading session, marking a -1.99% move from the prior day. This change lagged the S&P 500's 0.23% loss on the day. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, lost 0.09%.Prior to today's trading, shares of the company had lost 10.8% over the past month. This has lagged the Computer and Technology sector's loss of 1.69% and the S&P 500's loss of 1.43% in that time.Upstart Holdings, Inc. will be looking to display strength as it nears its next earnings release. On that day, Upstart Holdings, Inc. is projected to report earnings of -$0.02 per share, which would represent year-over-year growth of 91.67%. Meanwhile, our latest consensus estimate is calling for revenue of $139.52 million, down 11.26% from the prior-year quarter.UPST's full-year Zacks Consensus Estimates are calling for earnings of -$0.31 per share and revenue of $545.42 million. These results would represent year-over-year changes of -247.62% and -35.26%, respectively.Investors might also notice recent changes to analyst estimates for Upstart Holdings, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Upstart Holdings, Inc. is currently a Zacks Rank #3 (Hold).The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 96, putting it in the top 39% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.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 Upstart Holdings, Inc. (UPST): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Opendoor Technologies Inc. (OPEN) closed at $2.57 in the latest trading session, marking a +0.78% move from the prior day. Opendoor Technologies Inc. (OPEN) closed at $2.57 in the latest trading session, marking a +0.78% move from the prior day. This move outpaced the S&P 500's daily loss of 0.23%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 0.09%.Coming into today, shares of the company had lost 20.81% in the past month. In that same time, the Business Services sector lost 0.24%, while the S&P 500 lost 1.43%.Wall Street will be looking for positivity from Opendoor Technologies Inc. as it approaches its next earnings report date. On that day, Opendoor Technologies Inc. is projected to report earnings of -$0.17 per share, which would represent year-over-year growth of 67.31%. Meanwhile, our latest consensus estimate is calling for revenue of $985.97 million, down 70.66% from the prior-year quarter.OPEN's full-year Zacks Consensus Estimates are calling for earnings of -$1.22 per share and revenue of $7.23 billion. These results would represent year-over-year changes of -32.61% and -53.58%, respectively.Investors might also notice recent changes to analyst estimates for Opendoor Technologies Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Opendoor Technologies Inc. is currently sporting a Zacks Rank of #3 (Hold).The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 150, putting it in the bottom 41% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.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 Opendoor Technologies Inc. (OPEN): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

In the latest trading session, Rambus (RMBS) closed at $53.66, marking a +1.23% move from the previous day. In the latest trading session, Rambus (RMBS) closed at $53.66, marking a +1.23% move from the previous day. This change outpaced the S&P 500's 0.23% loss on the day. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, lost 0.09%.Heading into today, shares of the memory chip designer had gained 0.09% over the past month, outpacing the Computer and Technology sector's loss of 1.69% and the S&P 500's loss of 1.43% in that time.Rambus will be looking to display strength as it nears its next earnings release. In that report, analysts expect Rambus to post earnings of $0.41 per share. This would mark a year-over-year decline of 10.87%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $130.99 million, down 9.35% from the year-ago period.For the full year, our Zacks Consensus Estimates are projecting earnings of $1.76 per share and revenue of $562.78 million, which would represent changes of +0.57% and -1.56%, respectively, from the prior year.Any recent changes to analyst estimates for Rambus should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Rambus is currently a Zacks Rank #4 (Sell).In terms of valuation, Rambus is currently trading at a Forward P/E ratio of 30.2. Its industry sports an average Forward P/E of 26.21, so we one might conclude that Rambus is trading at a premium comparatively.Meanwhile, RMBS's PEG ratio is currently 2.05. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Electronics - Semiconductors stocks are, on average, holding a PEG ratio of 4.56 based on yesterday's closing prices.The Electronics - Semiconductors industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 188, which puts it in the bottom 26% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.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 Rambus, Inc. (RMBS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Freeport-McMoRan (FCX) closed at $37.15 in the latest trading session, marking a -0.21% move from the prior day. Freeport-McMoRan (FCX) closed the most recent trading day at $37.15, moving -0.21% from the previous trading session. This move was narrower than the S&P 500's daily loss of 0.23%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 0.09%.Coming into today, shares of the mining company had lost 3.05% in the past month. In that same time, the Basic Materials sector lost 2.9%, while the S&P 500 lost 1.43%.Freeport-McMoRan will be looking to display strength as it nears its next earnings release. In that report, analysts expect Freeport-McMoRan to post earnings of $0.37 per share. This would mark year-over-year growth of 42.31%. Our most recent consensus estimate is calling for quarterly revenue of $5.61 billion, up 12.19% from the year-ago period.FCX's full-year Zacks Consensus Estimates are calling for earnings of $1.61 per share and revenue of $23.08 billion. These results would represent year-over-year changes of -34.02% and +1.33%, respectively.Investors should also note any recent changes to analyst estimates for Freeport-McMoRan. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.12% lower within the past month. Freeport-McMoRan currently has a Zacks Rank of #3 (Hold).In terms of valuation, Freeport-McMoRan is currently trading at a Forward P/E ratio of 23.1. This represents a premium compared to its industry's average Forward P/E of 22.06.The Mining - Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.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 Freeport-McMoRan Inc. (FCX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Griffon (GFF) closed the most recent trading day at $39.76, moving -0.6% from the previous trading session. In the latest trading session, Griffon (GFF) closed at $39.76, marking a -0.6% move from the previous day. This change lagged the S&P 500's 0.23% loss on the day. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 0.09%.Coming into today, shares of the garage door and building products maker had lost 0.02% in the past month. In that same time, the Conglomerates sector gained 0.39%, while the S&P 500 lost 1.43%.Wall Street will be looking for positivity from Griffon as it approaches its next earnings report date. The company is expected to report EPS of $1.02, down 6.42% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $653 million, down 7.89% from the year-ago period.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.38 per share and revenue of $2.7 billion. These totals would mark changes of +7.62% and -5.32%, respectively, from last year.Investors should also note any recent changes to analyst estimates for Griffon. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 5.55% higher. Griffon is currently a Zacks Rank #2 (Buy).In terms of valuation, Griffon is currently trading at a Forward P/E ratio of 9.14. This valuation marks a discount compared to its industry's average Forward P/E of 16.17.The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 41% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.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 Griffon Corporation (GFF): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

In the latest trading session, Applied Materials (AMAT) closed at $136.17, marking a +0.72% move from the previous day. In the latest trading session, Applied Materials (AMAT) closed at $136.17, marking a +0.72% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.23%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq lost 0.09%.Prior to today's trading, shares of the maker of chipmaking equipment had lost 5.14% over the past month. This has lagged the Computer and Technology sector's loss of 1.69% and the S&P 500's loss of 1.43% in that time.Wall Street will be looking for positivity from Applied Materials as it approaches its next earnings report date. On that day, Applied Materials is projected to report earnings of $1.98 per share, which would represent a year-over-year decline of 2.46%. Meanwhile, our latest consensus estimate is calling for revenue of $6.52 billion, down 3.33% from the prior-year quarter.AMAT's full-year Zacks Consensus Estimates are calling for earnings of $7.90 per share and revenue of $26.32 billion. These results would represent year-over-year changes of +2.6% and +2.07%, respectively.Any recent changes to analyst estimates for Applied Materials should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 1.42% higher within the past month. Applied Materials is holding a Zacks Rank of #2 (Buy) right now.In terms of valuation, Applied Materials is currently trading at a Forward P/E ratio of 17.11. This represents a discount compared to its industry's average Forward P/E of 21.91.Meanwhile, AMAT's PEG ratio is currently 2.81. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. AMAT's industry had an average PEG ratio of 2.81 as of yesterday's close.The Semiconductor Equipment - Wafer Fabrication industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 31, putting it in the top 13% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.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 Applied Materials, Inc. (AMAT): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Wingstop (WING) closed the most recent trading day at $169.36, moving +0.68% from the previous trading session. Wingstop (WING) closed the most recent trading day at $169.36, moving +0.68% from the previous trading session. This change outpaced the S&P 500's 0.23% loss on the day. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, lost 0.09%.Coming into today, shares of the restaurant chain had gained 2.45% in the past month. In that same time, the Retail-Wholesale sector lost 2.81%, while the S&P 500 lost 1.43%.Investors will be hoping for strength from Wingstop as it approaches its next earnings release. On that day, Wingstop is projected to report earnings of $0.51 per share, which would represent year-over-year growth of 13.33%. Our most recent consensus estimate is calling for quarterly revenue of $108.31 million, up 16.88% from the year-ago period.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.17 per share and revenue of $434.5 million. These totals would mark changes of +17.3% and +21.53%, respectively, from last year.It is also important to note the recent changes to analyst estimates for Wingstop. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.15% higher within the past month. Wingstop is holding a Zacks Rank of #3 (Hold) right now.Investors should also note Wingstop's current valuation metrics, including its Forward P/E ratio of 77.44. This represents a premium compared to its industry's average Forward P/E of 20.83.Investors should also note that WING has a PEG ratio of 3.87 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Restaurants was holding an average PEG ratio of 1.69 at yesterday's closing price.The Retail - Restaurants industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 62, putting it in the top 25% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.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 Wingstop Inc. (WING): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

In the latest trading session, Scorpio Tankers (STNG) closed at $52.46, marking a +0.15% move from the previous day. Scorpio Tankers (STNG) closed at $52.46 in the latest trading session, marking a +0.15% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.23%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq lost 0.09%.Heading into today, shares of the shipping company had gained 3.07% over the past month, outpacing the Transportation sector's loss of 3.44% and the S&P 500's loss of 1.43% in that time.Wall Street will be looking for positivity from Scorpio Tankers as it approaches its next earnings report date. On that day, Scorpio Tankers is projected to report earnings of $1.61 per share, which would represent a year-over-year decline of 62.47%. Meanwhile, our latest consensus estimate is calling for revenue of $282.41 million, down 38.11% from the prior-year quarter.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.19 per share and revenue of $1.3 billion. These totals would mark changes of -19.1% and -11.51%, respectively, from last year.Investors should also note any recent changes to analyst estimates for Scorpio Tankers. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Scorpio Tankers currently has a Zacks Rank of #3 (Hold).Investors should also note Scorpio Tankers's current valuation metrics, including its Forward P/E ratio of 5.7. Its industry sports an average Forward P/E of 6.85, so we one might conclude that Scorpio Tankers is trading at a discount comparatively.Meanwhile, STNG's PEG ratio is currently 0.17. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Transportation - Shipping was holding an average PEG ratio of 0.96 at yesterday's closing price.The Transportation - Shipping industry is part of the Transportation sector. This group has a Zacks Industry Rank of 101, putting it in the top 41% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.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 Scorpio Tankers Inc. (STNG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

In the latest trading session, Honda Motor (HMC) closed at $35.23, marking a -0.03% move from the previous day. Honda Motor (HMC) closed at $35.23 in the latest trading session, marking a -0.03% move from the prior day. This change was narrower than the S&P 500's daily loss of 0.23%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq lost 0.09%.Heading into today, shares of the automaker had gained 14.12% over the past month, outpacing the Auto-Tires-Trucks sector's gain of 6.22% and the S&P 500's loss of 1.43% in that time.Wall Street will be looking for positivity from Honda Motor as it approaches its next earnings report date. On that day, Honda Motor is projected to report earnings of $0.69 per share, which would represent a year-over-year decline of 13.75%. Meanwhile, our latest consensus estimate is calling for revenue of $32.12 billion, up 4.19% from the prior-year quarter.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.91 per share and revenue of $134.63 billion. These totals would mark changes of +29.04% and +7.52%, respectively, from last year.Investors should also note any recent changes to analyst estimates for Honda Motor. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.9% lower. Honda Motor currently has a Zacks Rank of #3 (Hold).Investors should also note Honda Motor's current valuation metrics, including its Forward P/E ratio of 9.01. Its industry sports an average Forward P/E of 7.03, so we one might conclude that Honda Motor is trading at a premium comparatively.Meanwhile, HMC's PEG ratio is currently 0.56. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Automotive - Foreign was holding an average PEG ratio of 0.55 at yesterday's closing price.The Automotive - Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 97, putting it in the top 39% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.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 Honda Motor Co., Ltd. (HMC): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Evolution Petroleum (EPM) closed the most recent trading day at $6.47, moving -0.92% from the previous trading session. Evolution Petroleum (EPM) closed the most recent trading day at $6.47, moving -0.92% from the previous trading session. This change lagged the S&P 500's 0.23% loss on the day. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq lost 0.09%.Heading into today, shares of the oil and gas company had lost 25.8% over the past month, lagging the Oils-Energy sector's gain of 2.43% and the S&P 500's loss of 1.43% in that time.Investors will be hoping for strength from Evolution Petroleum as it approaches its next earnings release. In that report, analysts expect Evolution Petroleum to post earnings of $0.07 per share. This would mark a year-over-year decline of 76.67%. Meanwhile, our latest consensus estimate is calling for revenue of $21.63 million, down 45.67% from the prior-year quarter.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.53 per share and revenue of $96.55 million. These totals would mark changes of -47.52% and -24.87%, respectively, from last year.Investors should also note any recent changes to analyst estimates for Evolution Petroleum. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 51.39% lower. Evolution Petroleum is currently sporting a Zacks Rank of #4 (Sell).Investors should also note Evolution Petroleum's current valuation metrics, including its Forward P/E ratio of 12.44. For comparison, its industry has an average Forward P/E of 9.26, which means Evolution Petroleum is trading at a premium to the group.The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 170, putting it in the bottom 33% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow EPM in the coming trading sessions, be sure to utilize Zacks.com.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 Evolution Petroleum Corporation, Inc. (EPM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Ryerson Holding (RYI) closed at $28.58 in the latest trading session, marking a -0.17% move from the prior day. Ryerson Holding (RYI) closed at $28.58 in the latest trading session, marking a -0.17% move from the prior day. This change was narrower than the S&P 500's 0.23% loss on the day. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq lost 0.09%.Coming into today, shares of the metal products distributor and processor had lost 1.34% in the past month. In that same time, the Basic Materials sector lost 2.9%, while the S&P 500 lost 1.43%.Investors will be hoping for strength from Ryerson Holding as it approaches its next earnings release. In that report, analysts expect Ryerson Holding to post earnings of $0.40 per share. This would mark a year-over-year decline of 72.97%. Our most recent consensus estimate is calling for quarterly revenue of $1.26 billion, down 18.31% from the year-ago period.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.30 per share and revenue of $5.11 billion. These totals would mark changes of -68.69% and -19.22%, respectively, from last year.Investors should also note any recent changes to analyst estimates for Ryerson Holding. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Ryerson Holding is holding a Zacks Rank of #5 (Strong Sell) right now.Investors should also note Ryerson Holding's current valuation metrics, including its Forward P/E ratio of 8.68. For comparison, its industry has an average Forward P/E of 8.04, which means Ryerson Holding is trading at a premium to the group.The Steel - Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 66, which puts it in the top 27% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow RYI in the coming trading sessions, be sure to utilize Zacks.com.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 Ryerson Holding Corporation (RYI): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

In the latest trading session, Meritage Homes (MTH) closed at $122.72, marking a -0.25% move from the previous day. Meritage Homes (MTH) closed at $122.72 in the latest trading session, marking a -0.25% move from the prior day. This change lagged the S&P 500's 0.23% loss on the day. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq lost 0.09%.Heading into today, shares of the homebuilder had lost 9.09% over the past month, lagging the Construction sector's loss of 4.72% and the S&P 500's loss of 1.43% in that time.Wall Street will be looking for positivity from Meritage Homes as it approaches its next earnings report date. This is expected to be October 31, 2023. The company is expected to report EPS of $5.11, down 28.03% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.55 billion, down 1.64% from the prior-year quarter.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $19.45 per share and revenue of $6.07 billion. These totals would mark changes of -27.26% and -3.17%, respectively, from last year.It is also important to note the recent changes to analyst estimates for Meritage Homes. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Meritage Homes is currently a Zacks Rank #1 (Strong Buy).Investors should also note Meritage Homes's current valuation metrics, including its Forward P/E ratio of 6.33. This valuation marks a discount compared to its industry's average Forward P/E of 8.22.The Building Products - Home Builders industry is part of the Construction sector. This group has a Zacks Industry Rank of 5, putting it in the top 2% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.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 Meritage Homes Corporation (MTH): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Terex (TEX) closed the most recent trading day at $56.87, moving +0.14% from the previous trading session. In the latest trading session, Terex (TEX) closed at $56.87, marking a +0.14% move from the previous day. This change outpaced the S&P 500's 0.23% loss on the day. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 0.09%.Prior to today's trading, shares of the machinery products maker had gained 2.94% over the past month. This has outpaced the Industrial Products sector's loss of 5.02% and the S&P 500's loss of 1.43% in that time.Terex will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.66, up 38.33% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.25 billion, up 11.52% from the year-ago period.TEX's full-year Zacks Consensus Estimates are calling for earnings of $6.94 per share and revenue of $5.12 billion. These results would represent year-over-year changes of +60.65% and +15.83%, respectively.It is also important to note the recent changes to analyst estimates for Terex. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 0.09% higher. Terex is currently a Zacks Rank #1 (Strong Buy).Investors should also note Terex's current valuation metrics, including its Forward P/E ratio of 8.19. This valuation marks a discount compared to its industry's average Forward P/E of 10.04.Investors should also note that TEX has a PEG ratio of 0.45 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Manufacturing - Construction and Mining industry currently had an average PEG ratio of 0.97 as of yesterday's close.The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 3, which puts it in the top 2% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.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 Terex Corporation (TEX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Siemens AG (SIEGY) closed the most recent trading day at $70.64, moving -0.28% from the previous trading session. Siemens AG (SIEGY) closed at $70.64 in the latest trading session, marking a -0.28% move from the prior day. This move lagged the S&P 500's daily loss of 0.23%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 0.09%.Prior to today's trading, shares of the company had lost 2.8% over the past month. This has was narrower than the Industrial Products sector's loss of 5.02% and lagged the S&P 500's loss of 1.43% in that time.Siemens AG will be looking to display strength as it nears its next earnings release.SIEGY's full-year Zacks Consensus Estimates are calling for earnings of $5.78 per share and revenue of $86.92 billion. These results would represent year-over-year changes of +130.28% and +11.78%, respectively.It is also important to note the recent changes to analyst estimates for Siemens AG. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Siemens AG is currently a Zacks Rank #4 (Sell).Valuation is also important, so investors should note that Siemens AG has a Forward P/E ratio of 12.27 right now. Its industry sports an average Forward P/E of 14.39, so we one might conclude that Siemens AG is trading at a discount comparatively.Meanwhile, SIEGY's PEG ratio is currently 0.44. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Industrial Services industry currently had an average PEG ratio of 0.86 as of yesterday's close.The Industrial Services industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 108, which puts it in the top 43% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.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 Siemens AG (SIEGY): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Fiverr International (FVRR) closed at $24.25 in the latest trading session, marking a +1.85% move from the prior day. Fiverr International (FVRR) closed at $24.25 in the latest trading session, marking a +1.85% move from the prior day. This change outpaced the S&P 500's 0.23% loss on the day. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, lost 0.09%.Coming into today, shares of the online marketplace for freelance services had lost 13.7% in the past month. In that same time, the Retail-Wholesale sector lost 2.81%, while the S&P 500 lost 1.43%.Fiverr International will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.49, up 133.33% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $91.11 million, up 10.38% from the year-ago period.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.84 per share and revenue of $361.94 million. These totals would mark changes of +159.15% and +7.28%, respectively, from last year.Investors should also note any recent changes to analyst estimates for Fiverr International. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Fiverr International currently has a Zacks Rank of #3 (Hold).In terms of valuation, Fiverr International is currently trading at a Forward P/E ratio of 12.94. This represents a discount compared to its industry's average Forward P/E of 20.66.The Internet - Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 70, which puts it in the top 28% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.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 Fiverr International (FVRR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

T-Mobile (TMUS) closed the most recent trading day at $139.35, moving -0.46% from the previous trading session. T-Mobile (TMUS) closed the most recent trading day at $139.35, moving -0.46% from the previous trading session. This change lagged the S&P 500's daily loss of 0.23%. Meanwhile, the Dow lost 0.31%, and the Nasdaq, a tech-heavy index, lost 0.09%.Heading into today, shares of the wireless carrier had gained 5% over the past month, outpacing the Computer and Technology sector's loss of 1.69% and the S&P 500's loss of 1.43% in that time.Investors will be hoping for strength from T-Mobile as it approaches its next earnings release, which is expected to be October 25, 2023. In that report, analysts expect T-Mobile to post earnings of $1.99 per share. This would mark year-over-year growth of 397.5%. Meanwhile, our latest consensus estimate is calling for revenue of $19.43 billion, down 0.23% from the prior-year quarter.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.31 per share and revenue of $78.55 billion. These totals would mark changes of +254.85% and -1.28%, respectively, from last year.Investors might also notice recent changes to analyst estimates for T-Mobile. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.02% lower. T-Mobile currently has a Zacks Rank of #3 (Hold).Valuation is also important, so investors should note that T-Mobile has a Forward P/E ratio of 19.15 right now. For comparison, its industry has an average Forward P/E of 10.8, which means T-Mobile is trading at a premium to the group.The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 187, which puts it in the bottom 26% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.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 T-Mobile US, Inc. (TMUS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Lowe's (LOW) closed the most recent trading day at $210.49, moving -0.06% from the previous trading session. Lowe's (LOW) closed at $210.49 in the latest trading session, marking a -0.06% move from the prior day. This move was narrower than the S&P 500's daily loss of 0.23%. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq lost 0.09%.Coming into today, shares of the home improvement retailer had lost 5.54% in the past month. In that same time, the Retail-Wholesale sector lost 2.81%, while the S&P 500 lost 1.43%.Investors will be hoping for strength from Lowe's as it approaches its next earnings release. In that report, analysts expect Lowe's to post earnings of $3.13 per share. This would mark a year-over-year decline of 4.28%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $21.21 billion, down 9.66% from the year-ago period.LOW's full-year Zacks Consensus Estimates are calling for earnings of $13.44 per share and revenue of $87.91 billion. These results would represent year-over-year changes of -3.24% and -7.84%, respectively.It is also important to note the recent changes to analyst estimates for Lowe's. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.32% higher. Lowe's is currently sporting a Zacks Rank of #3 (Hold).Digging into valuation, Lowe's currently has a Forward P/E ratio of 15.67. This represents a premium compared to its industry's average Forward P/E of 11.18.Meanwhile, LOW's PEG ratio is currently 1.37. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Building Products - Retail industry currently had an average PEG ratio of 1.91 as of yesterday's close.The Building Products - Retail industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 58, putting it in the top 24% of all 250+ industries.The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.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 Lowe's Companies, Inc. (LOW): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

In the latest trading session, IonQ, Inc. (IONQ) closed at $13.28, marking a -1.85% move from the previous day. In the latest trading session, IonQ, Inc. (IONQ) closed at $13.28, marking a -1.85% move from the previous day. This change lagged the S&P 500's 0.23% loss on the day. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 0.09%.Coming into today, shares of the company had lost 7.46% in the past month. In that same time, the Computer and Technology sector lost 1.69%, while the S&P 500 lost 1.43%.Wall Street will be looking for positivity from IonQ, Inc. as it approaches its next earnings report date. In that report, analysts expect IonQ, Inc. to post earnings of -$0.22 per share. This would mark a year-over-year decline of 83.33%. Meanwhile, our latest consensus estimate is calling for revenue of $5.01 million, up 81.52% from the prior-year quarter.IONQ's full-year Zacks Consensus Estimates are calling for earnings of -$0.81 per share and revenue of $19.14 million. These results would represent year-over-year changes of -102.5% and +71.93%, respectively.Any recent changes to analyst estimates for IonQ, Inc. should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. IonQ, Inc. currently has a Zacks Rank of #4 (Sell).The Computer - Integrated Systems industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 33% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.To follow IONQ in the coming trading sessions, be sure to utilize Zacks.com.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 IonQ, Inc. (IONQ): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Novartis (NVS) closed the most recent trading day at $101.14, moving -0.93% from the previous trading session. In the latest trading session, Novartis (NVS) closed at $101.14, marking a -0.93% move from the previous day. This change lagged the S&P 500's 0.23% loss on the day. Elsewhere, the Dow lost 0.31%, while the tech-heavy Nasdaq lost 0.09%.Coming into today, shares of the drugmaker had gained 1.24% in the past month. In that same time, the Medical sector lost 5.3%, while the S&P 500 lost 1.43%.Novartis will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.78, up 12.66% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $13.54 billion, up 7.91% from the year-ago period.Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.92 per share and revenue of $53.86 billion. These totals would mark changes of +13.44% and +6.55%, respectively, from last year.Investors might also notice recent changes to analyst estimates for Novartis. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.05% lower within the past month. Novartis currently has a Zacks Rank of #3 (Hold).In terms of valuation, Novartis is currently trading at a Forward P/E ratio of 14.76. For comparison, its industry has an average Forward P/E of 14.76, which means Novartis is trading at a no noticeable deviation to the group.It is also worth noting that NVS currently has a PEG ratio of 1.76. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Large Cap Pharmaceuticals industry currently had an average PEG ratio of 1.76 as of yesterday's close.The Large Cap Pharmaceuticals industry is part of the Medical sector. This group has a Zacks Industry Rank of 211, putting it in the bottom 17% of all 250+ industries.The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.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 Novartis AG (NVS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»