Day: August 3, 2021

ATVI – Activision Blizzard, Inc (ATVI) Tops Q2 Earnings and Revenue Estimates

Written by Zacks Equity Research on . Posted in ATVI, Stock Report.

Activision Blizzard, Inc (ATVI – Free Report) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.76 per share. This compares to earnings of $0.97 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 19.74%. A quarter ago, it was expected that this company would post earnings of $0.69 per share when it actually produced earnings of $0.84, delivering a surprise of 21.74%.

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

Activision Blizzard, Inc, which belongs to the Zacks Toys – Games – Hobbies industry, posted revenues of $1.92 billion for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 1.68%. This compares to year-ago revenues of $2.08 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.

Activision Blizzard, Inc shares have lost about 10.9% since the beginning of the year versus the S&P 500’s gain of 16.8%.

What’s Next for Activision Blizzard, Inc?

While Activision Blizzard, Inc 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 Activision Blizzard, Inc 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 $0.77 on $1.83 billion in revenues for the coming quarter and $3.78 on $8.77 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, Toys – Games – Hobbies is currently in the top 9% 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.

TCS – Container Store Group (TCS) Q1 Earnings and Revenues Beat Estimates

Written by Zacks Equity Research on . Posted in Stock Report, TCS.

Container Store Group (TCS – Free Report) came out with quarterly earnings of $0.36 per share, beating the Zacks Consensus Estimate of $0.09 per share. This compares to loss of $0.32 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 300%. A quarter ago, it was expected that this storage products retailer would post earnings of $0.56 per share when it actually produced earnings of $0.71, delivering a surprise of 26.79%.

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

Container Store, which belongs to the Zacks Consumer Products – Discretionary industry, posted revenues of $245.32 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 6.24%. This compares to year-ago revenues of $151.69 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.

Container Store shares have added about 12% since the beginning of the year versus the S&P 500’s gain of 16.8%.

What’s Next for Container Store?

While Container Store 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 Container Store 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 $0.23 on $267.97 million in revenues for the coming quarter and $1 on $1.01 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, Consumer Products – Discretionary is currently in the bottom 13% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

CONN – Conn's (CONN) Gains But Lags Market: What You Should Know

Written by Zacks Equity Research on . Posted in CONN, Stock Report.

In the latest trading session, Conn’s (CONN – Free Report) closed at $23.03, marking a +0.48% move from the previous day. This move lagged the S&P 500’s daily gain of 0.82%.

Coming into today, shares of the retailer had lost 11.06% in the past month. In that same time, the Retail-Wholesale sector lost 2.61%, while the S&P 500 gained 0.89%.

Wall Street will be looking for positivity from CONN as it approaches its next earnings report date. On that day, CONN is projected to report earnings of $0.70 per share, which would represent a year-over-year decline of 6.67%. Our most recent consensus estimate is calling for quarterly revenue of $399.76 million, up 8.95% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.92 per share and revenue of $1.52 billion. These totals would mark changes of +4766.67% and +9.69%, respectively, from last year.

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

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. CONN is holding a Zacks Rank of #1 (Strong Buy) right now.

Looking at its valuation, CONN is holding a Forward P/E ratio of 7.85. This valuation marks a discount compared to its industry’s average Forward P/E of 13.19.

Also, we should mention that CONN has a PEG ratio of 0.34. 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 – Consumer Electronics was holding an average PEG ratio of 0.97 at yesterday’s closing price.

The Retail – Consumer Electronics industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 116, putting it in the top 46% 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.

FL – Foot Locker (FL) Stock Sinks As Market Gains: What You Should Know

Written by Zacks Equity Research on . Posted in FL, Stock Report.

In the latest trading session, Foot Locker (FL – Free Report) closed at $55.56, marking a -0.54% move from the previous day. This change lagged the S&P 500’s 0.82% gain on the day.

Prior to today’s trading, shares of the shoe store had lost 10.27% over the past month. This has lagged the Retail-Wholesale sector’s loss of 2.61% and the S&P 500’s gain of 0.89% in that time.

Investors will be hoping for strength from FL as it approaches its next earnings release. The company is expected to report EPS of $1.09, up 53.52% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.97 billion, down 5.08% from the prior-year quarter.

FL’s full-year Zacks Consensus Estimates are calling for earnings of $5.78 per share and revenue of $8.4 billion. These results would represent year-over-year changes of +105.69% and +11.23%, respectively.

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

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.

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. FL is currently a Zacks Rank #2 (Buy).

Investors should also note FL’s current valuation metrics, including its Forward P/E ratio of 9.67. This valuation marks a discount compared to its industry’s average Forward P/E of 16.39.

Meanwhile, FL’s PEG ratio is currently 2.42. 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. FL’s industry had an average PEG ratio of 1.18 as of yesterday’s close.

The Retail – Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 33, 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.

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

ABNB – Airbnb, Inc. (ABNB) Gains But Lags Market: What You Should Know

Written by Zacks Equity Research on . Posted in ABNB, Stock Report.

In the latest trading session, Airbnb, Inc. (ABNB – Free Report) closed at $145.83, marking a +0.23% move from the previous day. This change lagged the S&P 500’s 0.82% gain on the day.

Heading into today, shares of the company had lost 3.16% over the past month, lagging the Computer and Technology sector’s gain of 1.98% and the S&P 500’s gain of 0.89% in that time.

ABNB will be looking to display strength as it nears its next earnings release, which is expected to be August 12, 2021.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$2.05 per share and revenue of $5.49 billion. These totals would mark changes of +86.8% and +62.61%, respectively, from last year.

Any recent changes to analyst estimates for ABNB 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.

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 1.29% higher. ABNB is currently sporting a Zacks Rank of #2 (Buy).

The Internet – Content industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 200, which puts it in the bottom 22% 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.

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

NVDA – Nvidia (NVDA) Gains But Lags Market: What You Should Know

Written by Zacks Equity Research on . Posted in NVDA, Stock Report.

Nvidia (NVDA – Free Report) closed at $198.15 in the latest trading session, marking a +0.33% move from the prior day. This move lagged the S&P 500’s daily gain of 0.82%.

Coming into today, shares of the maker of graphics chips for gaming and artificial intelligence had lost 3.6% in the past month. In that same time, the Computer and Technology sector gained 1.98%, while the S&P 500 gained 0.89%.

Wall Street will be looking for positivity from NVDA as it approaches its next earnings report date. This is expected to be August 18, 2021. In that report, analysts expect NVDA to post earnings of $1.02 per share. This would mark year-over-year growth of 85.45%. Meanwhile, our latest consensus estimate is calling for revenue of $6.34 billion, up 64.1% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $3.97 per share and revenue of $24.93 billion, which would represent changes of +58.8% and +49.53%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for NVDA. 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. 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 0.27% higher. NVDA is currently a Zacks Rank #3 (Hold).

In terms of valuation, NVDA is currently trading at a Forward P/E ratio of 49.71. For comparison, its industry has an average Forward P/E of 22.92, which means NVDA is trading at a premium to the group.

Also, we should mention that NVDA has a PEG ratio of 2.83. 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 Semiconductor – General industry currently had an average PEG ratio of 2.6 as of yesterday’s close.

The Semiconductor – General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 95, putting it in the top 38% 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.

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

SE – Sea Limited Sponsored ADR (SE) Gains But Lags Market: What You Should Know

Written by Zacks Equity Research on . Posted in SE, Stock Report.

Sea Limited Sponsored ADR (SE – Free Report) closed the most recent trading day at $282.97, moving +0.6% from the previous trading session. The stock lagged the S&P 500’s daily gain of 0.82%.

Heading into today, shares of the company had gained 2.77% over the past month, outpacing the Finance sector’s loss of 0.89% and the S&P 500’s gain of 0.89% in that time.

Investors will be hoping for strength from SE as it approaches its next earnings release. On that day, SE is projected to report earnings of -$0.36 per share, which would represent year-over-year growth of 47.06%. Our most recent consensus estimate is calling for quarterly revenue of $2.26 billion, up 75.88% from the year-ago period.

SE’s full-year Zacks Consensus Estimates are calling for earnings of -$1.40 per share and revenue of $9.78 billion. These results would represent year-over-year changes of +49.64% and +66.48%, respectively.

Investors should also note any recent changes to analyst estimates for SE. 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. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.66% higher. SE is holding a Zacks Rank of #4 (Sell) right now.

The Financial – Investment Funds industry is part of the Finance sector. This group has a Zacks Industry Rank of 116, putting it in the top 46% 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.

THO – Thor Industries (THO) Stock Sinks As Market Gains: What You Should Know

Written by Zacks Equity Research on . Posted in Stock Report, THO.

Thor Industries (THO – Free Report) closed the most recent trading day at $118.19, moving -0.01% from the previous trading session. This change lagged the S&P 500’s 0.82% gain on the day.

Prior to today’s trading, shares of the recreational vehicle maker had gained 5.42% over the past month. This has outpaced the Construction sector’s gain of 1.36% and the S&P 500’s gain of 0.89% in that time.

Investors will be hoping for strength from THO as it approaches its next earnings release. In that report, analysts expect THO to post earnings of $2.84 per share. This would mark year-over-year growth of 32.71%. Meanwhile, our latest consensus estimate is calling for revenue of $3.27 billion, up 40.69% from the prior-year quarter.

Investors might also notice recent changes to analyst estimates for THO. 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. 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. The Zacks Consensus EPS estimate has moved 0.97% higher within the past month. THO currently has a Zacks Rank of #1 (Strong Buy).

Investors should also note THO’s current valuation metrics, including its Forward P/E ratio of 10.54. This valuation marks a no noticeable deviation compared to its industry’s average Forward P/E of 10.54.

The Building Products – Mobile Homes and RV Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 8, which puts it in the top 4% 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.

ATHA – Athira Pharma, Inc. (ATHA) Outpaces Stock Market Gains: What You Should Know

Written by Zacks Equity Research on . Posted in ATHA, Stock Report.

Athira Pharma, Inc. (ATHA – Free Report) closed at $10.06 in the latest trading session, marking a +1.51% move from the prior day. This change outpaced the S&P 500’s 0.82% gain on the day.

Coming into today, shares of the company had lost 5.98% in the past month. In that same time, the Medical sector gained 0.51%, while the S&P 500 gained 0.89%.

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

Any recent changes to analyst estimates for ATHA 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.

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. Within the past 30 days, our consensus EPS projection remained stagnant. ATHA is currently sporting 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 215, 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.

To follow ATHA in the coming trading sessions, be sure to utilize Zacks.com.

BKE – Buckle (BKE) Outpaces Stock Market Gains: What You Should Know

Written by Zacks Equity Research on . Posted in BKE, Stock Report.

In the latest trading session, Buckle (BKE – Free Report) closed at $43.09, marking a +1.94% move from the previous day. This move outpaced the S&P 500’s daily gain of 0.82%.

Prior to today’s trading, shares of the teen clothing retailer had lost 14.5% over the past month. This has lagged the Retail-Wholesale sector’s loss of 2.61% and the S&P 500’s gain of 0.89% in that time.

Investors will be hoping for strength from BKE as it approaches its next earnings release. The company is expected to report EPS of $0.56, down 21.13% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $226 million, up 4.62% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $3.75 per share and revenue of $1.11 billion, which would represent changes of +40.98% and +22.88%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for BKE. 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. 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. BKE currently has a Zacks Rank of #3 (Hold).

Investors should also note BKE’s current valuation metrics, including its Forward P/E ratio of 11.27. This valuation marks a discount compared to its industry’s average Forward P/E of 16.39.

The Retail – Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 33, putting it in the top 13% 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.

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