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Zacks Equity Research, Author at Elite Stock Chat

Author: Zacks Equity Research

AVT – Avnet (AVT) Outpaces Stock Market Gains: What You Should Know

Avnet (AVT Free Report) closed the most recent trading day at $43.92, moving +1.04% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.2%.

Heading into today, shares of the distributor of electronic components had gained 2.4% over the past month, lagging the Computer and Technology sector’s gain of 5.84% and outpacing the S&P 500’s gain of 1.06% in that time.

AVT will be looking to display strength as it nears its next earnings release. In that report, analysts expect AVT to post earnings of $0.74 per share. This would mark year-over-year growth of 428.57%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.92 billion, up 18.18% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.33 per share and revenue of $19.22 billion. These totals would mark changes of +51.3% and +9.02%, respectively, from last year.

Any recent changes to analyst estimates for AVT should also be noted by investors. 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 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. AVT currently has a Zacks Rank of #2 (Buy).

In terms of valuation, AVT is currently trading at a Forward P/E ratio of 18.68. This valuation marks a premium compared to its industry’s average Forward P/E of 15.64.

It is also worth noting that AVT currently has a PEG ratio of 0.82. 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 Electronics – Parts Distribution was holding an average PEG ratio of 0.82 at yesterday’s closing price.

The Electronics – Parts Distribution industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 9, 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.

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

F – Ford Motor Company (F) Outpaces Stock Market Gains: What You Should Know

Ford Motor Company (F Free Report) closed at $15.28 in the latest trading session, marking a +1.13% move from the prior day. The stock outpaced the S&P 500’s daily gain of 0.2%.

Heading into today, shares of the company had gained 30.82% over the past month, outpacing the Auto-Tires-Trucks sector’s gain of 4.95% and the S&P 500’s gain of 1.06% in that time.

Investors will be hoping for strength from F as it approaches its next earnings release. In that report, analysts expect F to post earnings of -$0.34 per share. This would mark year-over-year growth of 2.86%. Our most recent consensus estimate is calling for quarterly revenue of $21.99 billion, up 32.3% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.01 per share and revenue of $125.89 billion. These totals would mark changes of +146.34% and +8.65%, respectively, from last year.

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

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 has moved 6.16% higher. F is currently sporting a Zacks Rank of #3 (Hold).

Looking at its valuation, F is holding a Forward P/E ratio of 15.03. This valuation marks a discount compared to its industry’s average Forward P/E of 15.49.

Meanwhile, F’s PEG ratio is currently 0.69. 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 – Domestic industry currently had an average PEG ratio of 1.37 as of yesterday’s close.

The Automotive – Domestic industry is part of the Auto-Tires-Trucks sector. This industry currently has a Zacks Industry Rank of 105, which puts it in the top 42% 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.

GM – General Motors Company (GM) Outpaces Stock Market Gains: What You Should Know

General Motors Company (GM Free Report) closed the most recent trading day at $61.49, moving +0.24% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.2%.

Prior to today’s trading, shares of the company had gained 12.34% over the past month. This has outpaced the Auto-Tires-Trucks sector’s gain of 4.95% and the S&P 500’s gain of 1.06% in that time.

Wall Street will be looking for positivity from GM as it approaches its next earnings report date. On that day, GM is projected to report earnings of $0.66 per share, which would represent year-over-year growth of 232%.

For the full year, our Zacks Consensus Estimates are projecting earnings of $5.41 per share and revenue of $135.54 billion, which would represent changes of +10.41% and +10.66%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for GM. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

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 2.33% higher. GM is currently a Zacks Rank #2 (Buy).

Valuation is also important, so investors should note that GM has a Forward P/E ratio of 11.34 right now. This represents a discount compared to its industry’s average Forward P/E of 15.49.

It is also worth noting that GM currently has a PEG ratio of 1.15. 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 Automotive – Domestic was holding an average PEG ratio of 1.37 at yesterday’s closing price.

The Automotive – Domestic industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 105, putting it in the top 42% 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.

HOLX – Hologic (HOLX) Outpaces Stock Market Gains: What You Should Know

Hologic (HOLX Free Report) closed the most recent trading day at $63.39, moving +1.75% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.2%.

Prior to today’s trading, shares of the medical device maker had lost 0.8% over the past month. This has lagged the Medical sector’s gain of 4.55% and the S&P 500’s gain of 1.06% in that time.

Wall Street will be looking for positivity from HOLX as it approaches its next earnings report date. On that day, HOLX is projected to report earnings of $1.10 per share, which would represent year-over-year growth of 46.67%. Meanwhile, our latest consensus estimate is calling for revenue of $1.04 billion, up 26.06% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $7.73 per share and revenue of $5.14 billion, which would represent changes of +94.22% and +36.11%, respectively, from the prior year.

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

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. Within the past 30 days, our consensus EPS projection has moved 0.17% higher. HOLX is holding a Zacks Rank of #5 (Strong Sell) right now.

In terms of valuation, HOLX is currently trading at a Forward P/E ratio of 8.06. Its industry sports an average Forward P/E of 40.5, so we one might conclude that HOLX is trading at a discount comparatively.

Also, we should mention that HOLX has a PEG ratio of 0.85. 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. Medical – Instruments stocks are, on average, holding a PEG ratio of 3.3 based on yesterday’s closing prices.

The Medical – Instruments industry is part of the Medical sector. This group has a Zacks Industry Rank of 208, putting it in the bottom 19% 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 HOLX in the coming trading sessions, be sure to utilize Zacks.com.

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

In the latest trading session, Lennar (LEN Free Report) closed at $92.74, marking a +1.76% move from the previous day. The stock outpaced the S&P 500’s daily gain of 0.2%.

Coming into today, shares of the homebuilder had lost 7.67% in the past month. In that same time, the Construction sector lost 7.02%, while the S&P 500 gained 1.06%.

Investors will be hoping for strength from LEN as it approaches its next earnings release, which is expected to be June 16, 2021. In that report, analysts expect LEN to post earnings of $2.34 per share. This would mark year-over-year growth of 56%. Our most recent consensus estimate is calling for quarterly revenue of $6.16 billion, up 16.59% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.10 per share and revenue of $27.22 billion. These totals would mark changes of +41.4% and +21.03%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for LEN. 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. 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 1.08% higher. LEN is holding a Zacks Rank of #3 (Hold) right now.

Digging into valuation, LEN currently has a Forward P/E ratio of 8.21. For comparison, its industry has an average Forward P/E of 7.61, which means LEN is trading at a premium to the group.

The Building Products – Home Builders industry is part of the Construction sector. This industry currently has a Zacks Industry Rank of 9, which puts it in the top 4% 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.

RKT – Rocket Companies (RKT) Outpaces Stock Market Gains: What You Should Know

Rocket Companies (RKT Free Report) closed the most recent trading day at $20.67, moving +0.34% from the previous trading session. This move outpaced the S&P 500’s daily gain of 0.2%.

Heading into today, shares of the company had gained 24.25% over the past month, outpacing the Business Services sector’s gain of 2.63% and the S&P 500’s gain of 1.06% in that time.

Investors will be hoping for strength from RKT as it approaches its next earnings release.

For the full year, our Zacks Consensus Estimates are projecting earnings of $2.18 per share and revenue of $12.85 billion, which would represent changes of -46.96% and -18.36%, respectively, from the prior year.

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

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, 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 13.8% lower within the past month. RKT currently has a Zacks Rank of #5 (Strong Sell).

Looking at its valuation, RKT is holding a Forward P/E ratio of 9.46. This valuation marks a discount compared to its industry’s average Forward P/E of 34.72.

Investors should also note that RKT has a PEG ratio of 0.95 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. Technology Services stocks are, on average, holding a PEG ratio of 2.49 based on yesterday’s closing prices.

The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 226, putting it in the bottom 12% 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.

SKLZ – Skillz Inc. (SKLZ) Outpaces Stock Market Gains: What You Should Know

Skillz Inc. (SKLZ Free Report) closed the most recent trading day at $21.48, moving +0.85% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.2%.

Heading into today, shares of the company had gained 55.13% over the past month, outpacing the Consumer Discretionary sector’s gain of 0.11% and the S&P 500’s gain of 1.06% in that time.

SKLZ will be looking to display strength as it nears its next earnings release.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.51 per share and revenue of $376.78 million, which would represent changes of -24.39% and +63.74%, respectively, from the prior year.

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

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. Within the past 30 days, our consensus EPS projection remained stagnant. SKLZ is holding a Zacks Rank of #3 (Hold) right now.

The Gaming industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 116, which puts it in the top 46% 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.

ZEUS – Olympic Steel (ZEUS) Outpaces Stock Market Gains: What You Should Know

Olympic Steel (ZEUS Free Report) closed the most recent trading day at $35.12, moving +1.3% from the previous trading session. This change outpaced the S&P 500’s 0.2% gain on the day.

Heading into today, shares of the steel maker had gained 4.62% over the past month, outpacing the Basic Materials sector’s loss of 2.1% and the S&P 500’s gain of 1.06% in that time.

ZEUS will be looking to display strength as it nears its next earnings release. On that day, ZEUS is projected to report earnings of $1.37 per share, which would represent year-over-year growth of 460.53%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $516.4 million, up 107.97% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.88 per share and revenue of $2.01 billion. These totals would mark changes of +1418.92% and +62.96%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for ZEUS. 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. 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 48.78% higher. ZEUS is currently sporting a Zacks Rank of #1 (Strong Buy).

Looking at its valuation, ZEUS is holding a Forward P/E ratio of 7.1. This represents a no noticeable deviation compared to its industry’s average Forward P/E of 7.1.

The Steel – Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 25, putting it in the top 10% 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 ZEUS in the coming trading sessions, be sure to utilize Zacks.com.

FSLY – Fastly (FSLY) Outpaces Stock Market Gains: What You Should Know

Fastly (FSLY Free Report) closed the most recent trading day at $54.38, moving +0.87% from the previous trading session. This move outpaced the S&P 500’s daily gain of 0.2%.

Heading into today, shares of the cloud software developer had gained 34.84% over the past month, outpacing the Computer and Technology sector’s gain of 5.84% and the S&P 500’s gain of 1.06% in that time.

Wall Street will be looking for positivity from FSLY as it approaches its next earnings report date. The company is expected to report EPS of -$0.16, down 900% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $86.28 million, up 15.57% from the prior-year quarter.

FSLY’s full-year Zacks Consensus Estimates are calling for earnings of -$0.41 per share and revenue of $383.54 million. These results would represent year-over-year changes of -127.78% and +31.86%, respectively.

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

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, 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. FSLY is currently sporting a Zacks Rank of #4 (Sell).

The Internet – Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 199, which puts it in the bottom 22% 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.

GILD – Gilead Sciences (GILD) Stock Sinks As Market Gains: What You Should Know

Gilead Sciences (GILD Free Report) closed the most recent trading day at $68.77, moving -0.75% from the previous trading session. This move lagged the S&P 500’s daily gain of 0.2%.

Heading into today, shares of the HIV and hepatitis C drugmaker had gained 0.55% over the past month, lagging the Medical sector’s gain of 4.55% and the S&P 500’s gain of 1.06% in that time.

GILD will be looking to display strength as it nears its next earnings release. In that report, analysts expect GILD to post earnings of $1.74 per share. This would mark year-over-year growth of 56.76%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.15 billion, up 19.57% from the year-ago period.

GILD’s full-year Zacks Consensus Estimates are calling for earnings of $7.07 per share and revenue of $24.74 billion. These results would represent year-over-year changes of -0.28% and +0.22%, respectively.

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

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, 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 0.02% higher. GILD is holding a Zacks Rank of #3 (Hold) right now.

Valuation is also important, so investors should note that GILD has a Forward P/E ratio of 9.79 right now. This valuation marks a discount compared to its industry’s average Forward P/E of 24.22.

It is also worth noting that GILD currently has a PEG ratio of 0.64. 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. Medical – Biomedical and Genetics stocks are, on average, holding a PEG ratio of 1.42 based on yesterday’s closing prices.

The Medical – Biomedical and Genetics industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 18% 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.