Day: July 22, 2021

DOCU – DocuSign (DOCU) Outpaces Stock Market Gains: What You Should Know

DocuSign (DOCU Free Report) closed at $308 in the latest trading session, marking a +1.71% move from the prior day. This change outpaced the S&P 500’s 0.2% gain on the day.

Heading into today, shares of the provider of electronic signature technology had gained 10.19% over the past month, outpacing the Business Services sector’s loss of 14.43% and the S&P 500’s gain of 3.28% in that time.

DOCU will be looking to display strength as it nears its next earnings release. On that day, DOCU is projected to report earnings of $0.39 per share, which would represent year-over-year growth of 129.41%. Our most recent consensus estimate is calling for quarterly revenue of $482.48 million, up 40.99% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.68 per share and revenue of $2.03 billion. These totals would mark changes of +86.67% and +39.39%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for DOCU. 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. 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. DOCU is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note DOCU’s current valuation metrics, including its Forward P/E ratio of 180.71. For comparison, its industry has an average Forward P/E of 31.43, which means DOCU is trading at a premium to the group.

Also, we should mention that DOCU has a PEG ratio of 3.23. 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 Technology Services industry currently had an average PEG ratio of 2.51 as of yesterday’s close.

The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 184, which puts it in the bottom 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.

You can find more information on all of these metrics, and much more, on Zacks.com.

LEN – Lennar (LEN) Stock Sinks As Market Gains: What You Should Know

Lennar (LEN Free Report) closed the most recent trading day at $100.11, moving -0.49% from the previous trading session. This change lagged the S&P 500’s 0.2% gain on the day.

Heading into today, shares of the homebuilder had gained 3.73% over the past month, outpacing the Construction sector’s gain of 0.29% and the S&P 500’s gain of 3.28% in that time.

Investors will be hoping for strength from LEN as it approaches its next earnings release. In that report, analysts expect LEN to post earnings of $3.24 per share. This would mark year-over-year growth of 52.83%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.27 billion, up 23.83% from the year-ago period.

LEN’s full-year Zacks Consensus Estimates are calling for earnings of $13.54 per share and revenue of $28.54 billion. These results would represent year-over-year changes of +72.48% and +26.91%, respectively.

It is also important to note the recent changes to analyst estimates for LEN. 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. Within the past 30 days, our consensus EPS projection remained stagnant. LEN is holding a Zacks Rank of #1 (Strong Buy) right now.

In terms of valuation, LEN is currently trading at a Forward P/E ratio of 7.43. This represents a premium compared to its industry’s average Forward P/E of 6.88.

The Building Products – Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 83, which puts it in the top 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

X – United States Steel (X) Stock Sinks As Market Gains: What You Should Know

United States Steel (X Free Report) closed at $23.04 in the latest trading session, marking a -0.09% move from the prior day. This move lagged the S&P 500’s daily gain of 0.2%.

Prior to today’s trading, shares of the steel maker had lost 1.83% over the past month. This has lagged the Basic Materials sector’s gain of 2.47% and the S&P 500’s gain of 3.28% in that time.

Investors will be hoping for strength from X as it approaches its next earnings release, which is expected to be July 29, 2021. The company is expected to report EPS of $3.11, up 216.48% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $4.7 billion, up 124.91% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $11.51 per share and revenue of $18.38 billion, which would represent changes of +346.47% and +88.71%, respectively, from the prior year.

Any recent changes to analyst estimates for X should also be noted by investors. 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. 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. Over the past month, the Zacks Consensus EPS estimate has moved 20.17% higher. X currently has a Zacks Rank of #2 (Buy).

Valuation is also important, so investors should note that X has a Forward P/E ratio of 2 right now. Its industry sports an average Forward P/E of 5.86, so we one might conclude that X is trading at a discount comparatively.

Investors should also note that X has a PEG ratio of 0.25 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 Steel – Producers industry currently had an average PEG ratio of 0.28 as of yesterday’s close.

The Steel – Producers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 13, which puts it in the top 6% 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.

XPO – XPO Logistics (XPO) Stock Sinks As Market Gains: What You Should Know

XPO Logistics (XPO Free Report) closed the most recent trading day at $140.32, moving -1.98% from the previous trading session. This change lagged the S&P 500’s 0.2% gain on the day.

Heading into today, shares of the freight management company had lost 3.47% over the past month, lagging the Transportation sector’s loss of 1.55% and the S&P 500’s gain of 3.28% in that time.

Investors will be hoping for strength from XPO as it approaches its next earnings release, which is expected to be July 28, 2021. On that day, XPO is projected to report earnings of $1.71 per share, which would represent year-over-year growth of 371.43%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.86 billion, up 38.86% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $6.32 per share and revenue of $19.45 billion, which would represent changes of +214.43% and +19.67%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for XPO. 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.

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. Over the past month, the Zacks Consensus EPS estimate has moved 0.29% higher. XPO currently has a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that XPO has a Forward P/E ratio of 22.64 right now. For comparison, its industry has an average Forward P/E of 18.69, which means XPO is trading at a premium to the group.

Meanwhile, XPO’s PEG ratio is currently 1.89. 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. Transportation – Services stocks are, on average, holding a PEG ratio of 1.22 based on yesterday’s closing prices.

The Transportation – Services industry is part of the Transportation sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% 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.

CE – Celanese (CE) Q2 Earnings and Revenues Top Estimates

Celanese (CE Free Report) came out with quarterly earnings of $5.02 per share, beating the Zacks Consensus Estimate of $4.49 per share. This compares to earnings of $1.30 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 11.80%. A quarter ago, it was expected that this chemical company would post earnings of $3.01 per share when it actually produced earnings of $3.46, delivering a surprise of 14.95%.

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

Celanese, which belongs to the Zacks Chemical – Specialty industry, posted revenues of $2.2 billion for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 15.46%. This compares to year-ago revenues of $1.19 billion. 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.

Celanese shares have added about 16.6% since the beginning of the year versus the S&P 500’s gain of 16%.

What’s Next for Celanese?

While Celanese 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 Celanese 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 $3.27 on $1.72 billion in revenues for the coming quarter and $13.59 on $7.12 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Chemical – Specialty is currently in the top 44% 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.

GBCI – Glacier Bancorp (GBCI) Beats Q2 Earnings Estimates

Glacier Bancorp (GBCI Free Report) came out with quarterly earnings of $0.81 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.66 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 10.96%. A quarter ago, it was expected that this bank holding company would post earnings of $0.75 per share when it actually produced earnings of $0.85, delivering a surprise of 13.33%.

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

Glacier Bancorp, which belongs to the Zacks Banks – West industry, posted revenues of $190.99 million for the quarter ended June 2021, missing the Zacks Consensus Estimate by 0.21%. This compares to year-ago revenues of $189.44 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Glacier Bancorp shares have added about 14.2% since the beginning of the year versus the S&P 500’s gain of 16%.

What’s Next for Glacier Bancorp?

While Glacier Bancorp 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 Glacier Bancorp 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 $0.67 on $185.15 million in revenues for the coming quarter and $2.67 on $778.65 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, Banks – West is currently in the top 34% 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.

MOFG – MidWestOne (MOFG) Tops Q2 Earnings and Revenue Estimates

MidWestOne (MOFG Free Report) came out with quarterly earnings of $1.08 per share, beating the Zacks Consensus Estimate of $0.91 per share. This compares to earnings of $0.73 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 18.68%. A quarter ago, it was expected that this holding company for MidWestOne Bank would post earnings of $0.81 per share when it actually produced earnings of $1.35, delivering a surprise of 66.67%.

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

MidWestOne, which belongs to the Zacks Banks – Midwest industry, posted revenues of $48.72 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 3.78%. This compares to year-ago revenues of $46.98 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

MidWestOne shares have added about 16.6% since the beginning of the year versus the S&P 500’s gain of 16%.

What’s Next for MidWestOne?

While MidWestOne 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 MidWestOne 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 $0.81 on $46.45 million in revenues for the coming quarter and $3.78 on $191.25 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, Banks – Midwest is currently in the top 19% 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.

ANF – Abercrombie & Fitch (ANF) Stock Sinks As Market Gains: What You Should Know

Abercrombie & Fitch (ANF Free Report) closed at $39.78 in the latest trading session, marking a -1.87% move from the prior day. This change lagged the S&P 500’s 0.2% gain on the day.

Prior to today’s trading, shares of the teen clothing retailer had lost 7.12% over the past month. This has lagged the Retail-Wholesale sector’s gain of 0.42% and the S&P 500’s gain of 3.28% in that time.

Investors will be hoping for strength from ANF as it approaches its next earnings release. On that day, ANF is projected to report earnings of $0.68 per share, which would represent year-over-year growth of 195.65%. Meanwhile, our latest consensus estimate is calling for revenue of $865.1 million, up 23.88% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $3.30 per share and revenue of $3.73 billion, which would represent changes of +552.05% and +19.39%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for ANF. 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. 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. Within the past 30 days, our consensus EPS projection has moved 16.49% higher. ANF currently has a Zacks Rank of #1 (Strong Buy).

Valuation is also important, so investors should note that ANF has a Forward P/E ratio of 12.27 right now. Its industry sports an average Forward P/E of 16.72, so we one might conclude that ANF is trading at a discount comparatively.

We can also see that ANF currently has a PEG ratio of 0.68. 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. Retail – Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.25 based on yesterday’s closing prices.

The Retail – Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 25, putting it in the top 10% 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.

CHWY – Chewy (CHWY) Outpaces Stock Market Gains: What You Should Know

In the latest trading session, Chewy (CHWY Free Report) closed at $84.67, marking a +1.77% move from the previous day. The stock outpaced the S&P 500’s daily gain of 0.2%.

Prior to today’s trading, shares of the online pet store had gained 5.52% over the past month. This has outpaced the Consumer Staples sector’s loss of 1% and the S&P 500’s gain of 3.28% in that time.

CHWY will be looking to display strength as it nears its next earnings release. In that report, analysts expect CHWY to post earnings of -$0.01 per share. This would mark year-over-year growth of 87.5%. Our most recent consensus estimate is calling for quarterly revenue of $2.17 billion, up 27.36% from the year-ago period.

CHWY’s full-year Zacks Consensus Estimates are calling for earnings of $0.12 per share and revenue of $8.99 billion. These results would represent year-over-year changes of +33.33% and +25.76%, respectively.

It is also important to note the recent changes to analyst estimates for CHWY. 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.

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. Over the past month, the Zacks Consensus EPS estimate has moved 14.63% higher. CHWY currently has a Zacks Rank of #1 (Strong Buy).

In terms of valuation, CHWY is currently trading at a Forward P/E ratio of 708.09. This represents a premium compared to its industry’s average Forward P/E of 17.05.

It is also worth noting that CHWY currently has a PEG ratio of 35.4. 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 Consumer Products – Staples industry currently had an average PEG ratio of 2.5 as of yesterday’s close.

The Consumer Products – Staples industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 75, which puts it in the top 30% 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.