Day: February 9, 2021

CARR – Carrier (CARR) Q4 Earnings Miss Estimates, Revenues Up Y/Y

Written by admin on . Posted in CARR, Stock Report.

Carrier Global (

Net sales of $4.6 billion beat the consensus mark by 0.3%. Moreover, the top line increased 2.1% year over year.

Product sales (81.2% of net sales) increased 2.1% year over year to $3.73 billion. Service sales (18.8% of net sales) climbed 2.1% year over year to $862 million.

 

Quarterly Details

HVAC revenues (50.8% of net sales) increased 5.8% year over year to $2.34 billion. The year-over-year growth was driven by continued momentum in North America residential HVAC, which was up 25% year over year, and an improved economic climate.

However, HVAC operating profit slid 24.8% from the year-ago quarter to $231 million.

Refrigeration revenues (20.7% of net sales) fell 0.4% from the year-ago quarter to $949 million. Operating profit plunged 19.7% to $110 million.

Fire & Security revenues (30.4% of net sales) slid 1.7% from the year-ago quarter to $1.4 billion. Operating profit was $186 million, down 12.3% year over year.

Cost of products sold was $2.72 billion, up 3.3% year over year. However, cost of services sold slipped 0.8% to $588 million.

Selling, general & administrative (SG&A) and research & development (R&D) expenses, as a percentage of revenues, increased 220 basis points (bps) and 60 bps on a year-over-year basis, respectively.

Segmental operating profit in the fourth quarter slipped 19.7% year over year to $527 million.

Adjusted operating profit decreased 23.7% year over year to $453 million, due to planned investment spending on growth initiatives, along with incremental legal and related costs. Operating margin contracted 330 bps on a year-over-year basis to 9.9%.

Balance Sheet & Other Details

As of Dec 31, 2020, Carrier had cash and cash equivalents worth $3.12 billion compared with $3.85 billion as of Sep 30, 2020.

Total debt (including current portion) as of Dec 31, 2020, was $10.23 billion compared with $11.97 billion as of Sep 30, 2020.

In the fourth quarter, Carrier generated $199 million of cash from operating activities, down 81.5% year over year. The company’s quarterly free cash flow came in at $161 million, up 54.8% year over year.

Guidance

For 2021, Carrier expects sales to be grow between 6-8%. Adjusted operating profit is expected to be nearly 13.5%, expanding 70 bps.

Further, adjusted earnings are expected to be in the range of $1.85-$1.95 per share, indicating growth of 14% at midpoint.

Moreover, free cash flow is projected to be $1.6 billion.

Zacks Rank & Stocks to Consider

Carrier currently carries a Zacks Rank #2 (Buy).

Other top-ranked stocks in the broader technology sector are TechTarget (BIDU – Free Report) and Shopify (SHOP – Free Report) . All the three stocks sport a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.

TechTarget is scheduled to report its quarterly earnings on Feb 10 while Baidu and Shopify will report the same on Feb 17.

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CNO – CNO Financial (CNO) Lags Q4 Earnings Estimates

Written by admin on . Posted in CNO, Stock Report.

CNO Financial (CNO – Free Report) came out with quarterly earnings of $0.57 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.47 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -1.72%. A quarter ago, it was expected that this insurance holding company would post earnings of $0.46 per share when it actually produced earnings of $0.79, delivering a surprise of 71.74%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

CNO, which belongs to the Zacks Insurance – Multi line industry, posted revenues of $1.08 billion for the quarter ended December 2020, surpassing the Zacks Consensus Estimate by 26.72%. This compares to year-ago revenues of $1.07 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.

CNO shares have added about 3.5% since the beginning of the year versus the S&P 500’s gain of 3.5%.

What’s Next for CNO?

While CNO has underperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for CNO was 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 $0.54 on $854.40 million in revenues for the coming quarter and $2.22 on $3.48 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, Insurance – Multi line is currently in the top 48% 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.

PRI – Primerica (PRI) Lags Q4 Earnings Estimates

Written by admin on . Posted in PRI, Stock Report.

Primerica (PRI – Free Report) came out with quarterly earnings of $2.45 per share, missing the Zacks Consensus Estimate of $2.50 per share. This compares to earnings of $2.22 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -2%. A quarter ago, it was expected that this life insurance and financial products company would post earnings of $2.38 per share when it actually produced earnings of $2.78, delivering a surprise of 16.81%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Primerica, which belongs to the Zacks Insurance – Life Insurance industry, posted revenues of $594.72 million for the quarter ended December 2020, surpassing the Zacks Consensus Estimate by 1.94%. This compares to year-ago revenues of $530.94 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.

Primerica shares have added about 9.8% since the beginning of the year versus the S&P 500’s gain of 3.5%.

What’s Next for Primerica?

While Primerica 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 Primerica was favorable. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.43 on $610.13 million in revenues for the coming quarter and $10.92 on $2.44 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, Insurance – Life Insurance is currently in the top 43% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

HIW – Highwoods Properties (HIW) Q4 FFO and Revenues Lag Estimates

Written by admin on . Posted in HIW, Stock Report.

Highwoods Properties (HIW – Free Report) came out with quarterly funds from operations (FFO) of $0.87 per share, missing the Zacks Consensus Estimate of $0.88 per share. This compares to FFO of $0.91 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 $0.88 per share when it actually produced FFO of $0.86, delivering a surprise of -2.27%.

Over the last four quarters, the company has surpassed consensus FFO estimates two times.

Highwoods Properties, which belongs to the Zacks REIT and Equity Trust – Other industry, posted revenues of $179.90 million for the quarter ended December 2020, missing the Zacks Consensus Estimate by 0.09%. This compares to year-ago revenues of $192.07 million. The company has not been able to beat consensus revenue estimates 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.

Highwoods Properties shares have added about 1.2% since the beginning of the year versus the S&P 500’s gain of 3.5%.

What’s Next for Highwoods Properties?

While Highwoods Properties has underperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s 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 Highwoods Properties was mixed. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus FFO estimate is $0.88 on $179.34 million in revenues for the coming quarter and $3.60 on $731.45 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, REIT and Equity Trust – Other is currently in the bottom 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

MODN – Model N (MODN) Q1 Earnings and Revenues Top Estimates

Written by admin on . Posted in MODN, Stock Report.

Model N (MODN – Free Report) came out with quarterly earnings of $0.16 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.12 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 128.57%. A quarter ago, it was expected that this provider of revenue management services to the life science and technology industries would post earnings of $0.09 per share when it actually produced earnings of $0.14, delivering a surprise of 55.56%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Model N, which belongs to the Zacks Internet – Software industry, posted revenues of $42.73 million for the quarter ended December 2020, surpassing the Zacks Consensus Estimate by 5.43%. This compares to year-ago revenues of $38.39 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.

Model N shares have added about 9.5% since the beginning of the year versus the S&P 500’s gain of 3.5%.

What’s Next for Model N?

While Model N 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 Model N was unfavorable. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.05 on $41.82 million in revenues for the coming quarter and $0.31 on $171.26 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, Internet – Software is currently in the bottom 27% 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.

WELL – Welltower (WELL) Q4 FFO Beat Estimates

Written by admin on . Posted in Stock Report, WELL.

Welltower (WELL – Free Report) came out with quarterly funds from operations (FFO) of $0.84 per share, beating the Zacks Consensus Estimate of $0.77 per share. This compares to FFO of $1.05 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an FFO surprise of 9.09%. A quarter ago, it was expected that this senior housing and health care real estate investment trust would post FFO of $0.81 per share when it actually produced FFO of $0.84, delivering a surprise of 3.70%.

Over the last four quarters, the company has surpassed consensus FFO estimates four times.

Welltower, which belongs to the Zacks REIT and Equity Trust – Other industry, posted revenues of $1.12 billion for the quarter ended December 2020, missing the Zacks Consensus Estimate by 0.22%. This compares to year-ago revenues of $1.26 billion. The company has not been able to beat consensus revenue estimates 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.

Welltower shares have lost about 0.9% since the beginning of the year versus the S&P 500’s gain of 3.5%.

What’s Next for Welltower?

While Welltower has underperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s 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 Welltower was 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 $0.74 on $1.10 billion in revenues for the coming quarter and $3.18 on $4.47 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 – Other is currently in the bottom 10% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

RPD – Rapid7 (RPD) Reports Q4 Loss, Tops Revenue Estimates

Written by admin on . Posted in RPD, Stock Report.

Rapid7 (RPD – Free Report) came out with a quarterly loss of $0.07 per share versus the Zacks Consensus Estimate of a loss of $0.08. This compares to earnings of $0.03 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 12.50%. A quarter ago, it was expected that this cybersecurity company would post a loss of $0.04 per share when it actually produced break-even earnings, delivering a surprise of 100%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Rapid7, which belongs to the Zacks Internet – Software industry, posted revenues of $113.16 million for the quarter ended December 2020, surpassing the Zacks Consensus Estimate by 4.04%. This compares to year-ago revenues of $91.65 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.

Rapid7 shares have added about 1% since the beginning of the year versus the S&P 500’s gain of 3.5%.

What’s Next for Rapid7?

While Rapid7 has underperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Rapid7 was mixed. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.04 on $111.82 million in revenues for the coming quarter and $0.15 on $482.87 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, Internet – Software is currently in the bottom 27% 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.

XAIR – Beyond Air, Inc. (XAIR) Reports Q3 Loss, Misses Revenue Estimates

Written by admin on . Posted in Stock Report, XAIR.

Beyond Air, Inc. (XAIR – Free Report) came out with a quarterly loss of $0.33 per share versus the Zacks Consensus Estimate of a loss of $0.31. This compares to loss of $0.43 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -6.45%. A quarter ago, it was expected that this company would post a loss of $0.31 per share when it actually produced a loss of $0.30, delivering a surprise of 3.23%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Beyond Air, Inc.Which belongs to the Zacks Medical – Biomedical and Genetics industry, posted revenues of $0.15 million for the quarter ended December 2020, missing the Zacks Consensus Estimate by 25.50%. This compares to year-ago revenues of $0.31 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.

Beyond Air, Inc. Shares have added about 20.5% since the beginning of the year versus the S&P 500’s gain of 3.5%.

What’s Next for Beyond Air, Inc.

While Beyond Air, Inc. 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 Beyond Air, Inc. Was unfavorable. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.34 on $0.25 million in revenues for the coming quarter and -$1.33 on $0.90 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, Medical – Biomedical and Genetics is currently in the bottom 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

FDX – FedEx (FDX) Gains As Market Dips: What You Should Know

Written by admin on . Posted in FDX, Stock Report.

FedEx (FDX – Free Report) closed the most recent trading day at $259.13, moving +0.65% from the previous trading session. The stock outpaced the S&P 500’s daily loss of 0.11%. Meanwhile, the Dow lost 0.03%, and the Nasdaq, a tech-heavy index, added 0.14%.

Heading into today, shares of the package delivery company had gained 4.1% over the past month, outpacing the Transportation sector’s loss of 0.55% and the S&P 500’s gain of 2.46% in that time.

Investors will be hoping for strength from FDX as it approaches its next earnings release. On that day, FDX is projected to report earnings of $3.25 per share, which would represent year-over-year growth of 130.5%. Our most recent consensus estimate is calling for quarterly revenue of $19.72 billion, up 12.77% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $17.24 per share and revenue of $79.09 billion, which would represent changes of +81.47% and +14.26%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for FDX. 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.

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. The Zacks Consensus EPS estimate remained stagnant within the past month. FDX is currently a Zacks Rank #3 (Hold).

Digging into valuation, FDX currently has a Forward P/E ratio of 14.79. Its industry sports an average Forward P/E of 15.33, so we one might conclude that FDX is trading at a discount comparatively.

Investors should also note that FDX has a PEG ratio of 1.23 right now. 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 Transportation – Air Freight and Cargo was holding an average PEG ratio of 1.69 at yesterday’s closing price.

The Transportation – Air Freight and Cargo industry is part of the Transportation sector. This group has a Zacks Industry Rank of 123, putting it in the top 49% 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.

BNGO – Bionano Genomics, Inc. (BNGO) Gains As Market Dips: What You Should Know

Written by admin on . Posted in BNGO, Stock Report.

In the latest trading session, Bionano Genomics, Inc. (BNGO – Free Report) closed at $11.80, marking a +1.29% move from the previous day. This move outpaced the S&P 500’s daily loss of 0.11%. At the same time, the Dow lost 0.03%, and the tech-heavy Nasdaq gained 0.14%.

Heading into today, shares of the company had gained 135.11% over the past month, outpacing the Medical sector’s gain of 2.42% and the S&P 500’s gain of 2.46% in that time.

Wall Street will be looking for positivity from BNGO as it approaches its next earnings report date.

Investors should also note any recent changes to analyst estimates for BNGO. 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.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 48.49% lower. BNGO currently has a Zacks Rank of #3 (Hold).

The Medical – Biomedical and Genetics industry is part of the Medical sector. This group has a Zacks Industry Rank of 216, putting it in the bottom 16% 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.

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