Author: Zacks Equity Research

ALPN – Alpine Immune Sciences, Inc. (ALPN) Reports Q4 Loss, Tops Revenue Estimates

Alpine Immune Sciences, Inc. (ALPN Free Report) came out with a quarterly loss of $0.27 per share in line with the Zacks Consensus Estimate. This compares to loss of $0.33 per share a year ago. These figures are adjusted for non-recurring items.

A quarter ago, it was expected that this company would post a loss of $0.23 per share when it actually produced a loss of $0.28, delivering a surprise of -21.74%.

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

Alpine Immune Sciences, Inc.Which belongs to the Zacks Medical – Drugs industry, posted revenues of $5.64 million for the quarter ended December 2020, surpassing the Zacks Consensus Estimate by 101.39%. This compares to year-ago revenues of $0.88 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.

Alpine Immune Sciences, Inc. Shares have added about 10.5% since the beginning of the year versus the S&P 500’s gain of 5.8%.

What’s Next for Alpine Immune Sciences, Inc.

While Alpine Immune Sciences, 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 Alpine Immune Sciences, 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 -$0.23 on $7.5 million in revenues for the coming quarter and -$0.73 on $30.33 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 – Drugs is currently in the bottom 33% 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.

FCX – Freeport-McMoRan (FCX) Dips More Than Broader Markets: What You Should Know

Freeport-McMoRan (FCX Free Report) closed the most recent trading day at $35.42, moving -1.91% from the previous trading session. This change lagged the S&P 500’s 1.48% loss on the day. Meanwhile, the Dow lost 0.46%, and the Nasdaq, a tech-heavy index, lost 3.02%.

Prior to today’s trading, shares of the mining company had gained 5.74% over the past month. This has outpaced the Basic Materials sector’s gain of 3.94% and the S&P 500’s gain of 1.23% in that time.

Investors will be hoping for strength from FCX as it approaches its next earnings release. On that day, FCX is projected to report earnings of $0.47 per share, which would represent year-over-year growth of 393.75%. Meanwhile, our latest consensus estimate is calling for revenue of $4.63 billion, up 65.61% from the prior-year quarter.

FCX’s full-year Zacks Consensus Estimates are calling for earnings of $2.30 per share and revenue of $19.79 billion. These results would represent year-over-year changes of +325.93% and +39.37%, respectively.

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

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 3.2% higher. FCX is currently a Zacks Rank #3 (Hold).

In terms of valuation, FCX is currently trading at a Forward P/E ratio of 15.69. Its industry sports an average Forward P/E of 18.45, so we one might conclude that FCX is trading at a discount comparatively.

Meanwhile, FCX’s PEG ratio is currently 0.59. 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. FCX’s industry had an average PEG ratio of 0.99 as of yesterday’s close.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 162, putting it in the bottom 37% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

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

MMM – 3M (MMM) Gains As Market Dips: What You Should Know

In the latest trading session, 3M (MMM Free Report) closed at $191, marking a +1.43% move from the previous day. This move outpaced the S&P 500’s daily loss of 1.48%. At the same time, the Dow lost 0.46%, and the tech-heavy Nasdaq lost 3.02%.

Coming into today, shares of the maker of Post-it notes, industrial coatings and ceramics had gained 6.59% in the past month. In that same time, the Conglomerates sector gained 2.44%, while the S&P 500 gained 1.23%.

MMM will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.29, up 6.02% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $8.47 billion, up 4.95% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $9.55 per share and revenue of $34.35 billion, which would represent changes of +9.27% and +6.72%, respectively, from the prior year.

Any recent changes to analyst estimates for MMM 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.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.01% lower. MMM currently has a Zacks Rank of #3 (Hold).

Digging into valuation, MMM currently has a Forward P/E ratio of 19.71. This valuation marks a discount compared to its industry’s average Forward P/E of 21.36.

Also, we should mention that MMM has a PEG ratio of 2.07. 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 Diversified Operations was holding an average PEG ratio of 1.97 at yesterday’s closing price.

The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 100, putting it in the top 40% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

MOS – Mosaic (MOS) Stock Moves -1.18%: What You Should Know

In the latest trading session, Mosaic (MOS Free Report) closed at $33.48, marking a -1.18% move from the previous day. This move was narrower than the S&P 500’s daily loss of 1.48%. At the same time, the Dow lost 0.46%, and the tech-heavy Nasdaq lost 3.02%.

Coming into today, shares of the fertilizer maker had gained 11.34% in the past month. In that same time, the Basic Materials sector gained 3.94%, while the S&P 500 gained 1.23%.

MOS will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.47, up 883.33% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.25 billion, up 25.12% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $2.36 per share and revenue of $10.5 billion, which would represent changes of +177.65% and +20.99%, respectively, from the prior year.

Any recent changes to analyst estimates for MOS 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.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 54.02% higher. MOS currently has a Zacks Rank of #1 (Strong Buy).

Digging into valuation, MOS currently has a Forward P/E ratio of 14.35. This valuation marks a discount compared to its industry’s average Forward P/E of 24.69.

Also, we should mention that MOS has a PEG ratio of 2.05. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. The Fertilizers was holding an average PEG ratio of 2.66 at yesterday’s closing price.

The Fertilizers 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

EBAY – EBay (EBAY) Stock Moves -0.17%: What You Should Know

In the latest trading session, eBay (EBAY Free Report) closed at $58.90, marking a -0.17% move from the previous day. This move was narrower than the S&P 500’s daily loss of 1.48%. Meanwhile, the Dow lost 0.46%, and the Nasdaq, a tech-heavy index, lost 3.02%.

Prior to today’s trading, shares of the e-commerce company had lost 6.42% over the past month. This has lagged the Retail-Wholesale sector’s loss of 4.93% and the S&P 500’s gain of 1.23% in that time.

Wall Street will be looking for positivity from EBAY as it approaches its next earnings report date. The company is expected to report EPS of $1.04, up 35.06% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.97 billion, up 24.91% from the year-ago period.

EBAY’s full-year Zacks Consensus Estimates are calling for earnings of $3.98 per share and revenue of $11.97 billion. These results would represent year-over-year changes of +16.72% and +11.72%, respectively.

Investors might also notice recent changes to analyst estimates for EBAY. 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. Within the past 30 days, our consensus EPS projection remained stagnant. EBAY is currently sporting a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that EBAY has a Forward P/E ratio of 14.83 right now. Its industry sports an average Forward P/E of 62.39, so we one might conclude that EBAY is trading at a discount comparatively.

Investors should also note that EBAY has a PEG ratio of 0.97 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. Internet – Commerce stocks are, on average, holding a PEG ratio of 2.36 based on yesterday’s closing prices.

The Internet – Commerce industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 230, which puts it in the bottom 10% 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.

ENPH – Enphase Energy (ENPH) Stock Sinks As Market Gains: What You Should Know

Enphase Energy (ENPH Free Report) closed at $163.82 in the latest trading session, marking a -1.5% move from the prior day. This change lagged the S&P 500’s 0.29% gain on the day. Elsewhere, the Dow gained 0.58%, while the tech-heavy Nasdaq added 0.4%.

Prior to today’s trading, shares of the solar technology company had lost 15.67% over the past month. This has lagged the Oils-Energy sector’s gain of 6.65% and the S&P 500’s gain of 0.91% in that time.

Wall Street will be looking for positivity from ENPH as it approaches its next earnings report date. On that day, ENPH is projected to report earnings of $0.41 per share, which would represent year-over-year growth of 7.89%. Meanwhile, our latest consensus estimate is calling for revenue of $292.73 million, up 42.41% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $1.97 per share and revenue of $1.33 billion, which would represent changes of +43.8% and +72.2%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for ENPH. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.31% higher within the past month. ENPH currently has a Zacks Rank of #3 (Hold).

Investors should also note ENPH’s current valuation metrics, including its Forward P/E ratio of 88.5. This represents a premium compared to its industry’s average Forward P/E of 60.99.

The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 204, putting it in the bottom 20% 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.

C – Citigroup (C) Outpaces Stock Market Gains: What You Should Know

Citigroup (C Free Report) closed the most recent trading day at $73.60, moving +0.37% from the previous trading session. This change outpaced the S&P 500’s 0.29% gain on the day. Meanwhile, the Dow gained 0.58%, and the Nasdaq, a tech-heavy index, added 0.4%.

Prior to today’s trading, shares of the U.S. bank had gained 16.64% over the past month. This has outpaced the Finance sector’s gain of 3.84% and the S&P 500’s gain of 0.91% in that time.

C will be looking to display strength as it nears its next earnings release, which is expected to be April 15, 2021. In that report, analysts expect C to post earnings of $1.98 per share. This would mark year-over-year growth of 86.79%. Meanwhile, our latest consensus estimate is calling for revenue of $18.03 billion, down 13.01% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.74 per share and revenue of $69.96 billion. These totals would mark changes of +38.11% and -5.84%, respectively, from last year.

Any recent changes to analyst estimates for C 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.

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 1.09% higher. C currently has a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that C has a Forward P/E ratio of 11.02 right now. For comparison, its industry has an average Forward P/E of 14.03, which means C is trading at a discount to the group.

We can also see that C currently has a PEG ratio of 1.36. 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 Banks – Major Regional industry currently had an average PEG ratio of 2.05 as of yesterday’s close.

The Banks – Major Regional industry is part of the Finance sector. This group has a Zacks Industry Rank of 109, putting it in the top 43% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

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

CROX – Crocs (CROX) Gains But Lags Market: What You Should Know

In the latest trading session, Crocs (CROX Free Report) closed at $81.66, marking a +0.07% move from the previous day. This move lagged the S&P 500’s daily gain of 0.29%. Meanwhile, the Dow gained 0.58%, and the Nasdaq, a tech-heavy index, added 0.4%.

Coming into today, shares of the footwear company had gained 3.78% in the past month. In that same time, the Consumer Discretionary sector gained 4.75%, while the S&P 500 gained 0.91%.

Wall Street will be looking for positivity from CROX as it approaches its next earnings report date. In that report, analysts expect CROX to post earnings of $0.86 per share. This would mark year-over-year growth of 290.91%. Meanwhile, our latest consensus estimate is calling for revenue of $414.52 million, up 47.43% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $3.89 per share and revenue of $1.72 billion, which would represent changes of +20.81% and +24.33%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for CROX. 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. 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 3.73% higher. CROX is currently sporting a Zacks Rank of #2 (Buy).

Looking at its valuation, CROX is holding a Forward P/E ratio of 21.78. This valuation marks a premium compared to its industry’s average Forward P/E of 21.54.

Also, we should mention that CROX has a PEG ratio of 1.45. 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. CROX’s industry had an average PEG ratio of 2.37 as of yesterday’s close.

The Textile – Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 57, 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

OTCM – OTC Markets Group Inc. (OTCM) Surpasses Q4 Earnings and Revenue Estimates

OTC Markets Group Inc. (OTCM Free Report) came out with quarterly earnings of $0.48 per share, beating the Zacks Consensus Estimate of $0.35 per share. This compares to earnings of $0.32 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 37.14%. A quarter ago, it was expected that this company would post earnings of $0.33 per share when it actually produced earnings of $0.37, delivering a surprise of 12.12%.

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

OTC Markets Group Inc.Which belongs to the Zacks Securities and Exchanges industry, posted revenues of $19.78 million for the quarter ended December 2020, surpassing the Zacks Consensus Estimate by 14.46%. This compares to year-ago revenues of $15.43 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.

OTC Markets Group Inc. Shares have added about 17.7% since the beginning of the year versus the S&P 500’s gain of 5.7%.

What’s Next for OTC Markets Group Inc.

While OTC Markets Group 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 OTC Markets Group Inc. 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 $0.36 on $17.03 million in revenues for the coming quarter and $1.50 on $68.89 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, Securities and Exchanges is currently in the top 45% 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.

UNVR – Univar (UNVR) Expands Deal With Sensient, Boosts Portfolio

Univar Solutions Inc. (UNVR Free Report) announced an expansion in its agreement with Sensient Technologies for the distribution of synthetic coloring products in Mexico for the food, beverage, nutraceutical and pharmaceutical markets. There is already an existing distribution agreement with Sensient in Canada and Europe.

The deal reinforces Univar’s product portfolio for food, beverage, nutraceutical and pharmaceutical markets. Univar is well-placed to provide differential value to customers throughout the above-mentioned markets through a consistent global approach across the key industries and a global footprint of technical solution centers and a wide product portfolio.

This also complements Sensient’s products as a global producer of customized color solutions with color technology innovation, which helps manufacturers and brands differentiate their products and achieve a competitive advantage.

Univar’s technical team has the expertise to efficiently and effectively support customers’ complex color formulation demand through a fully equipped solution center in Mexico City, with both formulation and testing capabilities.

Shares of Univar have surged 198.3% in the past year compared with a 102.1% rise of the industry.

The company, on its last reported quarter’s earnings call, stated that it expects adjusted EBITDA of $630-$650 million for 2021. It also anticipates adjusted EBITDA of $150-$160 million for first-quarter 2021.

Univar is also actively managing its expenses and reducing costs to maintain its financial strength. These savings represented more than $20 million in cost reductions for 2020, which are incremental to the net synergies achieved from the Nexeo acquisition of $46 million. It expects to achieve $120 million in annual Nexeo net synergies by early 2022.

Zacks Rank & Key Picks

Univar currently carries a Zacks Rank #3 (Hold).

Some better-ranked stocks in the basic materials space are Fortescue Metals Group Limited (FSUGY Free Report) , Ashland Global Holdings Inc. (ASH Free Report) and Impala Platinum Holdings Limited (IMPUY Free Report) .

Fortescue has a projected earnings growth rate of 107.8% for the current fiscal year. The company’s shares have surged 182.3% in a year. It currently flaunts a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank  stocks here.

Ashland has an expected earnings growth rate of 83.9% for the current fiscal year. The company’s shares have gained 106.9% in the past year. It currently sports a Zacks Rank #1.

Impala has an expected earnings growth rate of 197.6% for the current fiscal year. The company’s shares have rallied 483.3% in the past year. It currently flaunts a Zacks Rank #1.

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