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Suncor Energy reports third quarter 2021 results

Unless otherwise noted, all financial figures are unaudited, presented in Canadian dollars (Cdn$), and have been prepared in accordance with International Financial Reporting Standards (IFRS), specifically International Accounting Standard (IAS) 34 Interim Financial Reporting as issued by the International Accounting Standards Board. Production volumes are presented on a working-interest basis, before royalties, except for production values from the company's Libya operations, which are presented on an economic basis. Certain financial measures referred to in this news release (funds from operations, operating earnings (loss) and free funds flow) are not prescribed by Canadian generally accepted accounting principles (GAAP). See the Non-GAAP Financial Measures section of this news release. References to Oil Sands operations exclude Suncor Energy Inc.'s interest in Fort Hills and Syncrude. CALGARY, Alberta, Oct. 27, 2021 (GLOBE NEWSWIRE) -- "In the third quarter of 2021, Suncor generated funds from operations of $2.6 billion, underpinned by strong results from the Refining & Marketing business and including the significant planned turnaround at Oil Sands Base," said Mark Little, president and chief executive officer. "Since the start of 2021, we have returned $2.6 billion to our shareholders through share repurchases and dividends and have reduced net debt by $3.1 billion, demonstrating significant progress towards fortifying our balance sheet and meeting our capital allocation targets for the year." Funds from operations increased to $2.641 billion ($1.79 per common share) in the third quarter of 2021, compared to $1.166 billion ($0.76 per common share) in the prior year quarter. Cash flow provided by operating activities, which includes changes in non-cash working capital, was $4.718 billion ($3.19 per common share) in the third quarter of 2021, compared to $1.245 billion ($0.82 per common share) in the prior year quarter. The company recorded operating earnings(1) of $1.043 billion ($0.71 per common share) in the third quarter of 2021, compared to an operating loss of $338 million ($0.22 per common share) in the prior year quarter. The company had net earnings of $877 million ($0.59 per common share) in the third quarter of 2021, compared to a net loss of $12 million ($0.01 per common share) in the prior year quarter. Refining and Marketing (R&M) delivered $947 million in funds from operations in the current period, marking the third highest results for third quarter funds from operations on record. The increase in funds from operations in the third quarter of 2021, compared to $594 million in the prior year quarter, was a result of the improving business environment and strong refinery utilizations of 99%, and was achieved despite Canadian gasoline and diesel demand estimated to be 7%(2) below the comparable period in 2019. R&M funds from operations included a first-in, first-out (FIFO) inventory valuation gain of $84 million after-tax in the third quarter of 2021, compared to $164 million in the prior year quarter. Suncor's total upstream production increased to 698,600 barrels of oil equivalent per day (boe/d) in the third quarter of 2021, compared to 616,200 boe/d in the prior year quarter, due to continued strong performance from the company's In Situ assets and increased production volumes at Syncrude, partially offset by the impact of the significant planned turnaround at Oil Sands Base plant Upgrader 2 and planned maintenance at Firebag, which was completed in the quarter. Suncor successfully assumed the role of operator of the Syncrude asset on September 30, 2021, a critical step towards driving greater integration, efficiencies and competitiveness across all Suncor- operated assets in the region. Suncor and the co-owners of the Terra Nova project finalized an agreement to restructure the project ownership and move forward with the Asset Life Extension (ALE) project, which is expected to extend production life by approximately 10 years. Suncor, together with eight Indigenous communities, announced the formation of Astisiy Limited Partnership (Astisiy), which has signed agreements to acquire a 15% equity interest in the Northern Courier Pipeline. The pipeline, which connects the Fort Hills asset to Suncor's East Tank Farm, will be operated by Suncor and is expected to provide the eight Indigenous communities with reliable income for decades. In the third quarter of 2021, the company returned $1.0 billion to its shareholders through $704 million in share repurchases and payment of $309 million of dividends, and reduced net debt(3) by $2.0 billion. Since the beginning of 2021, Suncor has reduced net debt by $3.1 billion and repurchased $1.7 billion of its common shares since the start of its normal course issuer bid program (NCIB) in February 2021, representing approximately 63 million common shares at an average price of $26.39 per common share, or the equivalent of 4.1% of Suncor's issued and outstanding common shares as at January 31, 2021. The company is on track to exceed its previously communicated debt reduction and share repurchase targets for the year. Subsequent to the third quarter of 2021, the company completed the sale of its 26.69% working interest in the Golden Eagle Area Development for after-tax proceeds of US$250 million net of closing adjustments and other closing costs, and future contingent consideration of up to US$50 million. The effective date of the sale was January 1, 2021. Subsequent to the third quarter of 2021, Suncor's Board of Directors (the Board) approved a quarterly dividend of $0.42 per share, which represents an increase of 100% over the prior quarter dividend, reinstating the dividend to the 2019 level. The Board also approved an increase to the company's share repurchase program to approximately 7% of Suncor's public float as at January 31, 2021 and concurrently, the Toronto Stock Exchange (TSX) accepted a notice to increase the maximum number of common shares the company may repurchase pursuant to its NCIB to 7% of the company's public float. The acceleration of share repurchases, dividend increase and expected net debt reductions, compared to the company's previously announced targets demonstrate the progress made during the year and management's confidence in the company's ability to generate cash flow and its commitment to increased shareholder returns. Financial Results Operating Earnings (Loss) Suncor's operating earnings increased to $1.043 billion ($0.71 per common share) in the third quarter of 2021, from an operating loss of $338 million ($0.22 per common share) in the prior year quarter. The increase in operating earnings was primarily related to higher crude oil and refined product realizations reflecting the improved business environment, higher crude production and refinery crude throughput, and lower depreciation, depletion and amortization (DD&A) and exploration expenses. Operating earnings were partially offset by an increase in operating expenses and royalties associated with Suncor's increased production in the third quarter of 2021. The prior year quarter operating earnings were negatively impacted by the unprecedented decline in transportation fuel demand, partially offset by lower operating costs. Net Earnings (Loss) Suncor's net earnings were $877 million ($0.59 per common share) in the third quarter of 2021, compared to a net loss of $12 million ($0.01 per common share) in the prior year quarter. In addition to the factors impacting operating earnings (loss) discussed above, net earnings for the third quarter of 2021 were impacted by a $257 million unrealized after-tax foreign exchange loss on the revaluation of U.S. dollar denominated debt, a non-cash after-tax impairment reversal of $168 million against the Terra Nova assets, a $60 million after-tax loss for early repayment of long-term debt and a $17 million after-tax unrealized loss on risk management activities. The net loss in the prior year quarter included a $290 million unrealized after-tax foreign exchange gain on the revaluation of U.S. dollar denominated debt and a $36 million after-tax unrealized gain on risk management activities. Funds from Operations and Cash Flow Provided by Operating Activities Funds from operations were $2.641 billion ($1.79 per common share) in the third quarter of 2021, compared to $1.166 billion ($0.76 per common share) in the third quarter of 2020. Funds from operations were influenced by the same factors impacting operating earnings (loss) noted above. Cash flow provided by operating activities, which includes changes in non-cash working capital, was $4.718 billion ($3.19 per common share) for the third quarter of 2021, compared to $1.245 billion ($0.82 per common share) in the prior year quarter. In addition to the factors noted above, cash flow provided by operating activities was further impacted by a greater source of cash associated with the company's working capital balances in the current period compared to the prior year quarter. The source of cash in the third quarter of 2021 was primarily due to an increase in accounts payable and accrued liabilities and the receipt of the company's 2020 federal income tax refund. Operating Results Suncor's total upstream production increased to 698,600 boe/d in the third quarter of 2021, compared to 616,200 boe/d in the prior year quarter, reflecting continued strong performance from the company's In Situ assets and increased production volumes at Syncrude, partially offset by the impact of the significant planned turnaround at Oil Sands Base plant Upgrader 2 and planned maintenance at Firebag, which was completed in the quarter. The company's net synthetic crude oil production was 405,500 barrels per day (bbls/d) in the third quarter of 2021 compared to 410,800 bbls/d in the prior year quarter. In the third quarter of 2021, the company completed its five-year planned turnaround at Oil Sands Base plant Upgrader 2, and subsequent to the quarter the asset ramped up to normal operating rates. Syncrude upgrader utilization was 91% in the third quarter of 2021, compared to 78% in the prior year quarter. The prior year quarter was impacted by planned turnaround maintenance at both Oil Sands operations and Syncrude, and an operational incident at the secondary extraction facilities at Oil Sands Base plant. The company's non-upgraded bitumen production increased to 199,600 bbls/d in the third quarter of 2021 from 108,200 bbls/d in the prior year quarter due to continued strong performance from the company's In Situ assets and the impact of the significant planned turnaround at Oil Sands Base plant Upgrader 2, resulting in less Firebag volumes being processed at the upgrader and therefore increased non-upgraded bitumen being sold to market. The increase in production was partially offset by planned maintenance at Firebag in the third quarter of 2021. Production at Fort Hills increased during the third quarter of 2021, compared to the prior year quarter. During the third quarter of 2021, significant progress on the mine ramp up strategy was achieved and Fort Hills continued to manage overburden removal and build ore inventory according to plan. Fort Hills is expected to transition to a two-train operation and operate at full production rates by the end of the year. Exploration and Production (E&P) produced 93,500 boe/d during the third quarter of 2021, compared to 97,200 boe/d in the prior year quarter. The decrease was primarily due to natural production declines, partially offset by higher production at the Golden Eagle Area Development and liftings in Libya in the third quarter of 2021 compared to no liftings in the prior year quarter. Refinery crude throughput increased to 460,300 bbls/d and refinery utilization was 99% in the third quarter of 2021, compared to refinery crude throughput of 399,700 bbls/d and refinery utilization of 87% in the prior year quarter, reflecting strong utilizations across all refineries comparable to the same periods in 2018 and 2019, despite Canadian gasoline and diesel demand estimated to be 7% below the comparable period in 2019. The prior year quarter reflected reduced rates due to the completion of an eight-week planned turnaround at the Edmonton refinery and lower demand for refined products. Refined product sales in the third quarter of 2021 increased to 551,500 bbls/d, compared to 534,000 bbls/d in the prior year quarter. Strong utilizations during the quarter, increased demand and secured sales channels positioned the company to capture the improved business environment. "We continue to execute on our commitment to operational excellence across our assets. During the third quarter of 2021, Suncor once again outperformed the Canadian refining average, achieving 99% utilization at our refineries, and capturing funds from operations that exceeded the comparable 2019 levels in the downstream business," said Little. "In 2021, we completed the largest annual maintenance program in the company's history, including the completion of the significant turnaround at Oil Sands Base and planned maintenance at Firebag during the quarter, enabling us to return to normal production rates across our asset base in the fourth quarter." The company's total operating, selling and general expenses were $2.768 billion in the third quarter of 2021, compared to $2.235 billion in the prior year quarter. The increase was primarily due to higher crude production and refinery crude throughput, a significant increase in natural gas prices and lower costs in the prior year quarter. The increase was partially offset by cost reductions related to the company's strategic initiatives. Increased production in the quarter resulted in higher absolute costs but lower cash operating costs per barrel at Oil Sands operations and Syncrude. The prior year quarter reflected lower costs related to specific measures taken by the company to reduce operating costs in response to the COVID-19 pandemic. In the first nine months of 2021, the company's total operating, selling and general expenses were $8.388 billion, which included one-time costs associated with restructuring and integration charges. While the company has made progress on its cost reduction initiatives, it currently estimates that fourth quarter operating, selling, and general expenses will be in line with the year-to-date run rate due to the planned increase in upstream production volumes in the fourth quarter and the expected increase in natural gas input prices. The company's exposure to higher natural gas costs is partially mitigated by increased revenue from power sales. Strategy Update Suncor remains focused on operational excellence and its capital allocation strategy; fortifying the balance sheet through debt reductions and increasing the return to its shareholders in the form ...Full story available on Benzinga.com.....»»

Category: earningsSource: benzinga2 hr. 7 min. ago Related News

6 ways to troubleshoot when YouTube is not working

If YouTube is not working for you, there are several ways to troubleshoot the problem to get it up and running. Thiago Prudêncio/SOPA Images/LightRocket via Getty Images If YouTube is not working for you, there are several ways to troubleshoot the problem to get it up and running. Start by making sure you have a reliable internet connection, and check YouTube's status at DownDetector. You can also close and restart the YouTube app, clear the app cache, and assess your overall internet speed. Visit Insider's Tech Reference library for more stories. There's no question that YouTube is among the most pervasive video streaming services today; while Netflix and Hulu might have more commercial cachet, almost everything on YouTube is free. And though YouTube claims around 2 billion users worldwide, there are times when a site even that large and relied upon experiences problems.How to troubleshoot when YouTube is not workingLike any website that may not be working, it can be hard to know exactly what the problem is - there might be a number of issues with the site, your internet connection, or the device you're trying to connect with. Work through your YouTube issue by trying each of the troubleshooting tips below until you uncover the problem. See if you have a reliable internet connectionDespite myriad problems that might keep you from successfully watching a video on YouTube, the most likely one is also the easiest to troubleshoot: Do you have a reliable internet connection? If you're on your phone, check the status icons at the top of the screen to see if you have Wi-Fi or a cellular connection. If in doubt, open your phone's Settings app and turn the Wi-Fi off, then on again. Check your mobile device to see if you have a Wi-Fi connection, or at least a cellular signal. Dave Johnson A sure-fire way to check for internet access is to try another app that requires a connection. You might check to see if you can start playing a video in the Netflix app, for example, or see if you can send and receive email. Check to see if YouTube is downYouTube is a relatively dependable video streaming service, but the site has occasional outages. If you know your own internet access is solid, then it might be a good idea to see if the service is offline before you waste your time trying other troubleshooting tips. The easiest way to check is to go to YouTube's status page at DownDetector, or just search for "Is YouTube down" in a Google search (DownDetector is typically at the top of the search results). If the site is down, wait a while and try again later. Check DownDetector to see if the service is online. Dave Johnson Close the YouTube app and then restart itIf you're trying to watch YouTube on a mobile device, it's possible the YouTube app is misbehaving. The remedy? Force the app to close and then restart it - here is how to close an app on Android and close an app on iOS. If you were trying to watch YouTube on a smart TV or streaming media player, you can close and restart the app there as well, though the steps vary depending on what device you own. Closing the YouTube app and then restarting it is a fast way to check for a simple software glitch. Dave Johnson If you're trying to watch YouTube in a web browser on your computer, you can close the browser and restart it, but an even better solution is to open a different browser (like switching to Firefox if it's not working in Chrome). If that doesn't solve your problem, restart the entire device (for example, here is how to restart an iPhone). Try it somewhere elseOne of the best ways to troubleshoot a problem that could have a lot of possible causes is to try it on another device. If you're watching YouTube on your phone, check to see if YouTube has the same glitch on a tablet, Roku player, or in a browser on your laptop. If you're on a computer and don't have easy access to other devices, you can try running YouTube in a different browser. Clear the device's app cacheIf YouTube refuses to work properly on your phone or tablet but it seems to be working fine elsewhere, then you might have a problem with the app or its cache. If you're using an iPhone, there's no way to clear YouTube's cache without uninstalling the app, so do that - uninstall YouTube from your iPhone, and then reinstall it from the App Store. If you are using an Android phone or tablet, it's a little easier. The steps might vary slightly depending on which version of Android you are running, but here's the general procedure:1. Start the Settings app.2. Tap Apps & Notifications.3. Go to the list of apps (you might need to tap See all apps) and tap YouTube.4. Tap Storage & cache.5. Tap Clear cache. You might solve a YouTube app glitch by clearing the app cache. Dave Johnson Check to see if your internet connection is fast enoughSometimes the problem isn't that the app won't launch or nothing works at all. If the video lags and stutters or the audio is out of sync, your connection might not be fast enough. You can run an online speed test like Google's Internet Speed Test to see how fast your connection is. You can do this on a phone, tablet, laptop or desktop computer. YouTube says your connection needs to be at least 1.1Mbps for a standard-definition 480p video, but the faster the better, and a high-resolution 1080p video will need at least 5Mbps. There are several ways to speed up your internet connection. How to create a YouTube channel for personal use or for your brandHow to verify your YouTube account, so you can upload videos longer than 15 minutes and customize thumbnailsHow to delete your own YouTube videos on a computer or mobile deviceHow to download your own YouTube videos in 3 different waysRead the original article on Business Insider.....»»

Category: topSource: businessinsider2 hr. 7 min. ago Related News

How to create a new Gmail account and customize your settings

You can create a new Gmail account in a desktop browser or using the Gmail mobile app, and access all of Google's services. Having a Gmail account gives you access to all of Google's features, like Google Drive. Image Source/Getty Images When you create a Gmail account, Google automatically gives you a Google account which grants you access to dozens of apps and services. You can create a new Gmail account on a browser or using the Gmail mobile app. You can customize Gmail settings like your profile picture, inbox appearance, and vacation auto-responder. Visit Insider's Tech Reference library for more stories. While Gmail is just one of the many services you get when you create a Google account, for all intents and purposes you can think of them as the same thing. When you sign up for a Google account you automatically get Gmail, and if you have a Gmail account that means you already have a Google account. In other words, if you have one you already have the other. Your Google or Gmail account also gives you free access to a large library of other apps and services, including Google Docs, Google Drive, Google Maps, and dozens more. Here's how to set up a new Gmail account to use with all of Google's services. Quick tip: If you ever need to sign in to your Google account to access a Google product, use your Gmail username and password. How to create a Gmail accountYou can create a Gmail account using a web browser on your computer or on the mobile app. No matter where you create your account, you'll be able to access it from any of your web browsers or devices. On desktop:1. On your Mac or PC, go to Google's Create your Google Account page. You can go there directly or find it by going to Google.com, clicking Sign In, and then clicking Create account.2. Follow the instructions to complete the first page; start by entering your first and last name. It doesn't need to be your legal name, but it should be the way you want to be identified in Gmail. As you complete the form for your Google account, it will also generate your Gmail address. Dave Johnson 3. Enter the email username you'd like to use. Keep in mind that there are billions of Gmail users, so your first choice might not be available. 4. Enter your desired password and enter it a second time in the Confirm field. For safety and security, your password should be strong - use a combination of upper- and lower-case characters, numbers, and symbols that's at least 8 characters long (and preferably 12 characters).5. Click Next.6. Continue to follow the instructions to set up your account. Enter your mobile phone number - this is an optional step, but highly recommended, to help recover your account if there's a problem signing in. Likewise, you should also add a secondary email address to help in account recovery. Also enter your birthday and gender. A phone number makes it easy to recover your account if you forget your password. Dave Johnson 7. Click Next. 8. Google may ask you to verify your phone number. Click Send to receive a code at your designated mobile phone number, and then enter the code to verify the phone number is yours. 9. If you want to use this number with other Google services (like using it for video calls with Google Meet) click Yes, I'm in. Otherwise, click Skip. 10. Finally, click I agree after reviewing Google's terms of service.You're now logged into this new Google account in this browser. Once it's set up, you can access your personal contacts in Gmail, and use your Google account to find, add, and manage those contacts. On the Gmail mobile app:1. Open the Gmail app and tap the account icon at the top-right. 2. Tap Add another account. 3. On the Add account screen, tap Google. 4. On the Google Sign in screen, tap Create account and choose For myself. Follow the instructions in the Gmail app to create a new Google account. Dave Johnson 5. Enter your first and last name. It doesn't need to be your legal name, but it should be the way you want to be identified in Gmail. Tap Next.6. Enter your birthday and gender, then tap Next. 7. Choose one of the premade Gmail addresses or tap Create your own Gmail address to make your own unique address. Tap Next. Google will offer you several email addresses, or you can make your own. Dave Johnson 8. Create a strong password for your new Google account and then tap Next.9. You can add a phone number that can be used to recover your account if you forget your password, and with other Google services (like using it for video calls with Google Meet). If you want to do this, enter a mobile phone number and then click Yes, I'm in. Otherwise, click Skip. 10. If you added a phone number, enter the verification code that's texted to your number. 11. Finally, click I agree after reviewing Google's terms of service.Gmail mailbox settingsIf you regularly use Gmail, you might want to change the mail app's settings. Google gives you a lot of options for configuring Gmail. One of the first things you may want to do is change your Google profile picture; after that, you can access a wide variety of other settings from the web and your mobile device. On desktop:1. Open Gmail in a web browser and sign in if needed. 2. Click the gear-shaped Settings icon at the top-right. You should see some quick settings that let you change the overall appearance of the inbox. 3. Click See all Settings at the top of the menu. Here you'll find the Settings page. Google tends to change the organization and content of Settings often, but you should be able to find what you need with a little browsing. There are a number of tabs at the top of the page, such as General, Labels, Accounts and Import, and others. The Settings page has a lot of options for configuring your Gmail inbox. Dave Johnson Each of these tabs has its own group of settings, though you'll probably find most of the features you need in General. Here you can configure your vacation auto-responder, for example, as well as turn on and off features like grammar checking, spell check, and autocorrect. On the Gmail mobile app:1. Open the Gmail app.2. Tap the three-line icon at the top-left and tap Settings.3. Tap the Gmail account that you want to configure. If you have several Gmail accounts, there might be more than one account in the list.Here you'll find a list of all the settings you can configure. Your options will be a little different than in a web browser - the display options are very different on a mobile device, for example - and there are no tabs at the top of the page. The Gmail app gives you access to a wealth of inbox settings. Dave Johnson Even so, it's easy to browse, because you can scroll to see all the available settings. For example, instead of the Labels tab in the browser, you can tap Label Settings in the Settings menu to create folders in Gmail. How to log into your Gmail account on a computer or mobile deviceHow to clear your Google search history from your Google Account and on various web browsersHow to reverse image search on Google to find information related to a specific photoHow to send a Google Calendar invite to anyone using the desktop site or a mobile deviceRead the original article on Business Insider.....»»

Category: topSource: businessinsider2 hr. 7 min. ago Related News

Biden administration limits ICE arrests at schools, churches, daycares and other "protected areas"

The sites, once termed "sensitive locations," are off-limits for immigration enforcement except in cases of national security and violent threats. Under new guidance, churches are now considered "protected areas," not just "sensitive locations," making them generally off limit to US immigration agents. Michael Siluk/Education Images/Universal Images Group via Getty Images Secretary of Homeland Security Alejandro Mayorkas has issued new guidance for immigration raids. Mayorkas said immigration agents must consider the societal impact of enforcement operations. The new policy goes is effective immediately. The Biden administration has formally instructed US immigration agents to refrain from carrying out arrests at schools, churches, and COVID-19 vaccination sites, with new guidance describing these sites as "protected areas."In a statement on Wednesday, Department of Homeland Security Secretary Alejandro Mayorkas said the policy would cover enforcement actions by Immigration and Customs Enforcement as well as Customs and Border Protection.Under previous guidance, issued in 2011 under former President Barack Obama, such locations were described as "sensitive," not "protected." The new rules take effect immediately and will be accompanied by updated training.According to the department, the new terminology is intended to convey that these sites are effectively off limits, with exceptions for national security threats, risks of imminent violence, and the "hot pursuit" of targets for arrest and deportation."We can accomplish our law enforcement mission without denying individuals access to needed medical care, children access to their schools, the displaced access to food and shelter, people of faith access to their places of worship," Mayorkas said in a statement.Naureen Shah, senior policy counsel at the ACLU, described the new guidance as an "important step forward." But, in a statement, she warned that it could still be "circumvented by agents whom the agency continues to rely on to unilaterally make complex, sensitive judgments about the applicability of the policy."As written, at least, the new guidance expands the number of places where enforcement actions cannot take place, with rare exception.Examples of a "protected area" include:SchoolsMedical facilitiesPlaces of worshipDaycares and recreation centersFood banks and sheltersDisaster areas, including evacuation routes, and emergency-care providersFuneralsPublic demonstrationsA five-page memo explaining the policy says immigration agents must consider the impact their actions would have "on people's willingness to be in the protected area or engage in the essential services or activities that occur there."Under the Trump administration, arrests at "sensitive" locations were relatively rare but not unheard of.In September 2020, for example, ICE agents arrested an Indonesian immigrant at Glenmont United Methodist Church in Silver Spring Maryland. As The Washington Post reported, the man, Binsar Siahaan, was a caretaker who lived on church grounds. He was released weeks later following protests from clergy and a ruling by a federal judge that he be allowed to seek religious asylum.Have a news tip? Email this reporter: cdavis@insider.comRead the original article on Business Insider.....»»

Category: topSource: businessinsider2 hr. 7 min. ago Related News

Taiwan Is A "Number One Issue" For The CIA’s New China Center

Taiwan Is A 'Number One Issue' For The CIA’s New China Center Authored by Dave DeCamp via AntiWar.com,  Now that the CIA has established a new mission that will exclusively focus on China, CIA Deputy Director David Cohen said that Taiwan will be one of the "number-one issues" for the new spy center. "There’s a series of number-one issues with China," Cohen said at an intelligence conference on Sunday. "Taiwan is definitely one of the number one issues with China we are focused on." Cohen’s comments came after President Biden said the US has a "commitment" to defend Taiwan in the event of a Chinese invasion. Although US officials were quick to clarify that Biden’s statement was not a change in policy, hawks in Congress are ready to give the president war powers to fight China over Taiwan. Biden’s comments came against the backdrop of media hysteria over Chinese flights in Taiwan’s air defense identification zone (ADIZ). The ADIZ concept is not covered by any international laws or treaties, and the Chinese warplanes usually enter the southwest corner of the ADIZ, nowhere near the island of Taiwan. But some Western media outlets falsely portrayed these flights as violations of Taiwan’s airspace. The hype over the ADIZ flights has filled Western media with articles predicting an imminent Chinese invasion of Taiwan. Cohen said that the CIA’s job is to find out how Chinese President Xi Jinping is "thinking about Taiwan" and to provide policy makers in Washington with "indicators" of a potential invasion. When announcing the new spy center, CIA Director William Burns called China the "most important geopolitical threat" facing the US. In response to the announcement, China’s ambassador to the US said Washington should drop its "James Bond" theatrics and work towards better relations with Beijing. Tyler Durden Wed, 10/27/2021 - 17:30.....»»

Category: blogSource: zerohedge3 hr. 7 min. ago Related News

3 Ways ESG Regulation May Aid the Financial Industry

Environment, Social, Governance. These words have become rather ubiquitous in recent years, with just about every firm or financial institution touting their ESG practices. The United States ESG investment market alone grew 42% from 2018 to 2020, contributing $17.1 trillion of the $35.3 trillion total across five major investment markets. Q3 2021 hedge fund letters, […] Environment, Social, Governance. These words have become rather ubiquitous in recent years, with just about every firm or financial institution touting their ESG practices. The United States ESG investment market alone grew 42% from 2018 to 2020, contributing $17.1 trillion of the $35.3 trillion total across five major investment markets. if (typeof jQuery == 'undefined') { document.write(''); } .first{clear:both;margin-left:0}.one-third{width:31.034482758621%;float:left;margin-left:3.448275862069%}.two-thirds{width:65.51724137931%;float:left}form.ebook-styles .af-element input{border:0;border-radius:0;padding:8px}form.ebook-styles .af-element{width:220px;float:left}form.ebook-styles .af-element.buttonContainer{width:115px;float:left;margin-left: 6px;}form.ebook-styles .af-element.buttonContainer input.submit{width:115px;padding:10px 6px 8px;text-transform:uppercase;border-radius:0;border:0;font-size:15px}form.ebook-styles .af-body.af-standards input.submit{width:115px}form.ebook-styles .af-element.privacyPolicy{width:100%;font-size:12px;margin:10px auto 0}form.ebook-styles .af-element.privacyPolicy p{font-size:11px;margin-bottom:0}form.ebook-styles .af-body input.text{height:40px;padding:2px 10px !important} form.ebook-styles .error, form.ebook-styles #error { color:#d00; } form.ebook-styles .formfields h1, form.ebook-styles .formfields #mg-logo, form.ebook-styles .formfields #mg-footer { display: none; } form.ebook-styles .formfields { font-size: 12px; } form.ebook-styles .formfields p { margin: 4px 0; } Get The Full Henry Singleton Series in PDF Get the entire 4-part series on Henry Singleton in PDF. Save it to your desktop, read it on your tablet, or email to your colleagues (function($) {window.fnames = new Array(); window.ftypes = new Array();fnames[0]='EMAIL';ftypes[0]='email';}(jQuery));var $mcj = jQuery.noConflict(true); Q3 2021 hedge fund letters, conferences and more Unfortunately, these claims of sustainability or social consciousness can be shallow at best, deliberately misleading at worst, and governing bodies are starting to intervene. In the EU, for example, the Sustainable Finance Disclosure Regulation (SFDR) went into effect in March, 2021, requiring more detailed data reporting to add clarity for inventors when assessing the sustainability of investments. The U.S. is also considering similar regulations and penalties for false or inaccurate claims. While many firms may initially look at such policies as an administrative burden, increased ESG regulation could have numerous benefits for firms, investors, and the communities they serve. We’ll take a look at the existing and forecasted regulations on ESG investing and how such policies can benefit the industry moving forward. What Is ESG Finance? Before we dive into the regulations and their impacts, a note on terminology. ESG may have become somewhat of a buzzword, but what does it actually mean? Or rather, what is it supposed to mean? ESG as a concept has been around since at least the 1960s, though the name was coined in the early 2000s as an umbrella term for socially responsible investing practices. The E, S, and G refer to the following: Environment: This area is concerned with resource usage, pollution, and climate change. For example, how do companies perform on things like greenhouse gas emissions and waste reduction across the supply chain. Social: This refers to how companies interact with and impact the communities in which they operate. It includes everything from the health and safety of their employees and their suppliers’ employees to involvement in conflict regions. Governance: By this, we mean corporate governance - how are companies investing in diversity, ethics, etc. through their internal decision making. For example, equal pay, diversity of board members, and auditing for corruption would all be necessary for strong corporate governance. Where Do ESG Regulations Currently Stand? The European Union has taken a number of concrete steps to regulate sustainable investing. The aforementioned SFDR imposes mandatory disclosure obligations for asset managers and investment firms. It introduces the term Principal Adverse Impacts (PAIs) as a unit of sorts, defined as the negative impacts on sustainability that an investment decision could have. In other words, if a firm advises a client to invest in a certain stock, how harmful could that decision be in terms of the environment, society, employees, human rights, corruption, etc. With that in mind, the regulation mandates data disclosures including: How an entity integrates sustainability risks into their investment decision‐making or advising A statement of their policies on PAIs Proof that remuneration policies are made with sustainability risks in mind Evidence of pre-contractual disclosures on sustainability risk integration The EU is also implementing the Sustainable Finance Action Plan, aiming to redirect capital towards sustainable companies and green bonds and away from sectors involved with fossil fuels and other unsustainable practices. Finally, there is the EU Taxonomy Regulation which went into force in July, 2020, providing a classification system of conditions companies must meet to be considered environmentally sustainable. From January, 2022 onward, companies will be required to report how their financial products align with the Taxonomy. The US Securities and Exchange Commission has committed to developing similar regulations in the future, though what exactly those will contain has not been formalized. All in all, these types of regulations formalize requirements for ESG finance much like GDPR’s impact on data collection and PCI-DSS’s impact on the payment card industry. Any future regulations will only add more nuance to these broad regulations, further holding firms accountable for proving sustainable practices. How ESG Regulations Can Help SFDR and similar policies are not the first example of increasing government oversight of industry giants in recent years, and it will not be the last. So, it’s in the best interest of stakeholders to consider how such regulations can benefit their companies and their customers. Decrease Greenwashing There is no doubt that erroneously claiming ESG practices is a form of greenwashing, a harmful practice of overestimating the sustainability or eco-friendliness of a product or company. The ethical implications of this are hopefully obvious, both in terms of misleading clients and of the environmental and societal determinants. Therefore, a cultural shift to decrease financial greenwashing is ultimately beneficial because it gives credit where credit is due. If firms who are inflating their ESG compliance are called out, it will highlight the ones who are taking legitimate efforts to consider PAIs in their financial advising and internal decision-making. Over the longer term, clients will recognize this differentiating factor and align themselves accordingly. Force Firms To Look Internally While mandated ESG reporting will require additional input at the outset, it can also help firms reevaluate some of their current practices. For example, some firms may realize that investor relations are not prioritized in their current operations. Similarly, preparing for ESG data reporting will highlight the importance of maintaining transparent, responsible accounting practices, including using software that comes with critical features such as transaction monitoring and comprehensive reporting. Without using the right tools, firms will have a more difficult time assessing and proving their ESG compliance. Take the new regulations as an opportunity to develop an in-depth roadmap of your business risks, opportunities, partners, etc. Look at who you work with and how it reflects on your business. By auditing yourself and your partners before regulations become fully mandatory, you will be better situated to meet industry standards and improve your reporting, data management, risk management, investor relations, and more. Improve Outlooks In The Long Run When it comes to the finance market, while there are some more consistent trends, there is also a lot of uncertainty. That’s because market fluctuations are largely based on future trends - in a sense, attempting to predict the future. And lately, it appears that one of those trends is an increasing push for making ESG mandatory. Over the past 50 years or so, it has been a voluntary action, but with regulations increasing, it is becoming less so. This means there will only be greater scrutiny towards unsustainable sectors moving forward, and companies will need to respond if they hope to survive. For example, the tech sector has been criticized by environmental groups and even their own customers and investors for high consumption levels due to the electricity needed for data storage and processing. This and other industries are now pushing to reduce their carbon emissions. Many companies are also making other ESG steps a priority, such as increasing the diversity of the still overwhelmingly white, male leadership of the sector. These efforts show that companies will respond to pressure, even if change can be slow. Reporting these efforts is important to encourage firms to factor in ESG risk as a determining factor in how investors can find value in a company. What’s more, firms should take note that younger generations - namely Millenials and Gen Z - are increasingly socially conscious consumers. According to industry expert Alex Williams of Hosting Data, savvy investors are now taking advantage of online trading to educate themselves and invest responsibility. “It's not possible to make a stock exchange without a broker,” says Williams. “There's nowhere to visit to make a trade yourself. Most trading is done this way, even though - on television - you see people making purchases in New York's financial district.” Younger generations are well aware of this, and they are starting to invest earlier in life than their parents and grandparents, aided by digital resources. Therefore, ESG reporting will encourage increased accountability, which could in turn reward sustainable companies with new customers and growth potential in the future. Conclusion What the EU has started will undoubtedly spread elsewhere. This means, along with recent trends like increased cryptocurrency regulation and similar government interventions, ESG regulations may be the next policy surge for firms to comply with. What began with data disclosure could end in even more significant policy shifts across the finance sector. Firms must be ready to adapt if they hope to be compliant and competitive in an increasingly socially conscious market. Updated on Oct 27, 2021, 5:17 pm (function() { var sc = document.createElement("script"); sc.type = "text/javascript"; sc.async = true;sc.src = "//mixi.media/data/js/95481.js"; sc.charset = "utf-8";var s = document.getElementsByTagName("script")[0]; s.parentNode.insertBefore(sc, s); }()); window._F20 = window._F20 || []; _F20.push({container: 'F20WidgetContainer', placement: '', count: 3}); _F20.push({finish: true});.....»»

Category: blogSource: valuewalk3 hr. 35 min. ago Related News

The 15 best winter gloves for every need - whether you"re skiing, hiking, or shoveling your walk

A good pair of gloves is a necessity in the winter. These are the 15 best pairs we've found in 2021. Rafael Elias/Getty Images Whether you're hiking, skiing, or just shoveling your walk, you need a good pair of winter gloves. You might need different pairs of gloves made of different materials for multiple situations. Winter gloves come in a variety of materials each with its own benefits and downsides. When the temperatures drop and the chill gets into your bones, it's time to slip on some winter gloves. Like other cold-weather gear essentials, you need to consider what you'll be using them for. Fine leather driving gloves won't cut it snowboarding and thick ski gloves probably aren't the best for driving. We've included some all-purpose gloves and purpose-designed selections. If you're looking for mittens, see our guide here. At the very least, winter gloves should have some sort of water resistance and a modicum of insulation. From there, you'll find styles that offer a wide range of water and windproofing and insulating materials, like PrimaLoft and Thinsulate (the same synthetic fibers found in many winter coats). There are even gloves with built-in battery-powered heaters. Some selections in this roundup also offer touchscreen compatibility and while they all work to varying degrees, the Moshi Digits gets the best reviews in this area. Even so, you're never going to have the same level of touchability as your bare fingers, so you might want to save your Tweeting for indoors this winter. Many of the selections have unisex sizing. Some come in gendered sizing, but can be worn by any gender identity. Here are the best winter gloves in 2021:Table of Contents: Masthead Sticky Patagonia R1 Daily Gloves Patagonia Patagonia's R1 Daily Gloves are sustainable, sleek, stretchy, and versatile.Sizing options: XS to XLColor options: Ink Black, Classic NavyPatagonia's unisex R1 Daily Gloves are great all-around winter gloves that are made from recycled polyester and spandex (making them environmentally friendly), low-profile enough to use as liners if need be, and stretchy so you have lots of mobility. They're also touchscreen compatible at the thumb and forefinger, moisture-wicking, and have a grippy palm with an aesthetically appealing design.  Moshi Digits Touchscreen Gloves Moshi Moshi's Digits Touchscreen Gloves give you touchscreen compatibility with all 10 fingers in a knit fabric with a soft, warm microfleece interior.Sizing options: S to LColor options: Light GreyThe Moshi Digits Touchscreen gloves have been getting rave reviews for their true touchscreen compatibility at all 10 fingertips, along with their minimalist looks and ability to keep your hands warm. These unisex knit gloves combine high-tech conductive fiber with a soft, warm microfleece interior. They only come in three sizes but are stretchy enough to fit onto larger hands. Norrona Unisex Trollveggen Gore-Tex Gloves Norrona The Trollveggen Gore-Tex Gloves from Norrona, a Norwegian brand with a storied history of creating products able to tackle the infamous Scandinavian winters, are perfect for whatever cold-weather adventure you throw at them.Sizing options: XS to XLColor options: BlackThe Norrona Trollveggen Gore-Tex Gloves have you covered for all your winter sports adventures, whether you're skiing, hiking, or even ice climbing. The outer shell is made from a combination of durable goat leather and Cordura ripstop fabric with a waterproof Gore-Tex liner and 130 grams of PrimaLoft insulation. The inside is lined in warm, soft wool. These unisex gloves from this storied Norwegian brand are water and windproof while still being breathable, and come in a wide range of sizes so you should be able to find a perfect fit. Kate Spade Quilted Leather Gloves Zappos The Kate Spade Quilted Leather Gloves are attractive, subtle, made from supple lamb leather, and lined in polyester for extra warmth. Sizing options: XS to XLColor options: BlackIf you're looking for gloves that are as stylish as they are warm, the Kate Spade leather gloves with a quilted spade pattern on the back, are a good option. Sleek but with a pop of eye appeal from the monochrome pattern, these gloves are made from buttery lamb leather and lined in polyester.  The North Face Men's Denali Etip Gloves The North Face The North Face's Denali Etip Gloves improve upon traditional fleece gloves with touchscreen compatibility, nylon at the knuckles and fingers for added durability, and a hefty fleece to keep your hands warm in the dead of winter. Sizing options: S to XXLColor options: TNF Medium Grey Heather, TNF BlackFleece gloves are an excellent winter companion for their freedom of movement, warmth, and softness. The North Face improves on this with touchscreen compatibility, a silicon gripper print on the palm, and nylon over the knuckles and fingers for added durability. They're also super soft and are made from 300-weight fleece (that's a high count!) that can handle cold winter weather.  Smartwool Merino Sport Fleece Training Glove Smartwool Smartwool is best known for its performance socks, but the brand also makes exceptional winter gloves for running and other outdoor athletic activities.Sizing option: XS to XLColor options: BlackSmartwool, an outdoor industry innovator that turned Merino wool into the beloved performance fabric it is today, may be best known for its socks, but they also make fantastic running gloves. The Merino Fleece Training Glove—like the brand's socks—is moisture-wicking, warm, soft, and naturally antimicrobial, making them perfect for winter runs, or other physical activities. They also feature silicone grippers on the palm and fingers to keep a grip on your ski pole or snow shovel. These aren't 100 percent wool but a poly-wool-elastane blend for better finger mobility and durability. Find men's sizes here.Find womnen's sizes here. Hestra Heli Insulated Gloves Hestra Hestra's Heli Insulated Gloves offer dexterity and exceptional warmth for your next skiing or snowboarding outing. Sizing options: 6 to 11 (XS to XL)Color options: Black, GreyHestra, another old-school Scandinavian brand, makes some of the best winter gloves around. The Heli Insulated Gloves combine tough goat leather and wind and nylon that's both wind and waterproof, yet breathable, along with a lot of insulation. These unisex gloves offer dexterity and exceptional warmth in extremely cold conditions so you can focus on avoiding other skiers and trees on your downhill run and not on having chilly hands. Barbour Insulated Leather Gloves Barbour Barbour's men's Insulated Leather Gloves are handsome enough for a night out but still rugged enough for winter chores.Sizing options: M to XLColor options: Olive, Black, TanBritish heritage brand Barbour has been making rugged and handsome country wear for more than 120 years. Their men's Insulated Leather Gloves combine style with substance, making them perfect for any number of occasions, whether it's a night out in the city or a brisk walk in the country. The water-resistant nubuck outers are classically good-looking and feature a wrist strap to keep the wind and snow out. Inside, the gloves are lined with thermal fleece for a warm and comfortable feel. Harssidanzar Women's Winter Lambskin Gloves Amazon Harssidanzar's Women's Winter Gloves are made from smooth lambskin, lined in cashmere, offer a wide range of sizes and colors, and come in at under $30. Sizing options: S to XXLColor options: 13 colorwaysHarssidanzar's Women's Winter Gloves are made of a smooth lambskin, lined in cashmere, and come in at under $30. They offer a wide range of sizes and colors, from basic black to bright orange. These make great driving gloves and are elegant enough for an evening out.  Give'r 4 Season Gloves Huckberry Give'r 4 unisex Season Gloves are some of the best overall winter gloves for whatever you get up to when the temperatures drop.  Sizing options: S to XXLColor options: 3 ColorwaysGive'r 4 Season Gloves are some of the best all-around winter gloves around whether you're on the slopes, chopping wood, or yanking a log out of the fire (yes, you can apparently do that with these gloves). They're made from wax-coated heavy-duty leather, have a waterproof membrane, and are insulated with 40 grams of Thinsulate. These unisex gloves are ruggedly good-looking and breathable so you can look good and feel good no matter what you get up to in them. Marmot Unisex BTU Gloves Marmot Marmot's Unisex BTU Gloves can tackle the wind and snow and still keep your hands comfortable and dry. Sizing options: S to XLColor options: BlackMy wife, a longtime skier, swears by Marmot and she's both a gearhead and very choosy. The BTU gloves are gauntlet-style—meaning they extend past the wrist—for more protection from the elements, waterproof, breathable, and warm thanks to the high-loft fleece lining and Thermal R insulation. They have a good weight-to-warmth ratio, a removable waterproof liner, and even include an absorbent nose wipe for when there's no Kleenex around. L.L. Bean Katahdin Gloves L.L. Bean Get that retro look with L.L.Bean's classic knit Katahdin gloves. Sizing options: S/M, L/XLColor options: 3 ColorwaysSometimes you just want a classic and the L.L.Bean unisex Katahdin Gloves have that retro feel with their throwback colorways that feature a stylized image of Maine's highest mountain, Mount Katahdin. Pair them with the Katahdin Pom Hat, and a puffer jacket, and you'll nail that nostalgic 80s vibe. M Gore Windstoppers Gorewear The M Gore Unisex Windstoppers are my favorite winter running gloves. They're windproof, warm, water-resistant with a lightweight design. Sizing options: XS to XXXLColor options: 3 ColorwaysThese are my winter running gloves. I wore them all last winter (I live in New York's Hudson Valley and winter can be pretty brutal) and my hands stayed dry and warm during four-mile runs along the Hudson River. The Gore Windstoppers are especially windproof, as the name suggests, but are also water-resistant, and very breathable. These unisex gloves are light, especially considering how well they keep your hands warm, fit snugly, and have reflective details if you're into evening runs. Snow Deer Waterproof Heated Gloves Amazon When it's time to bring out the big guns against winter weather, the Snow Deer Waterproof Heated Gloves get the job done.  Sizing options: XS to XXXLColor options: BlackSometimes you need to bring out the big guns when winter weather becomes unrelenting. The unisex Snow Deer Waterproof Heated Gloves are definitely big guns against the cold. They're made from a combination of lambskin and polyester, have an adjustable temperature setting (low, medium, high), and the battery power lasts up to 6.5 hours, giving you plenty of time to ski or shovel the walk. The heating element gets the fingers and back of the hands warm in only 30 seconds, according to the company, and they're wind and waterproof too. Carhartt Women's Quilts Gloves Amazon Carhartt's Quilts Gloves have everything you'd expect from the iconic workwear brand plus some nice color choices, quilting, and an adjustable strap. Sizing options: S to LColor options: 4 ColorwaysCarhartt is well known for its tough workwear, but the company also has a more colorful side. The Women's Quilts Gloves have all the qualities you'd expect from the brand—waterproofing, a soft microfiber liner that's quick-drying, tough ripstop taffeta outer shell, reinforcement in all the right places—plus quilting and nice color choices like Nightshade (dark purple) and Crabapple (bright red). It also features an adjustable strap to keep snow and wind out and a stretch fleece cuff.  Read the original article on Business Insider.....»»

Category: topSource: businessinsider3 hr. 35 min. ago Related News

Joe Biden promised more family and medical leave for US workers during his presidential campaign. Now Democrats are stripping the benefits from his signature social spending package.

Biden's big social-spending bill keeps getting smaller as centrists Joe Manchin and Kyrsten Sinema block most ways of paying for it. President Joe Biden. Chip Somodevilla/Getty Images Democrats are removing paid family and medical leave from the social spending package, according to Politico. It's yet another big cut to the bill, which is getting whittled down as negotiations with moderates continue. However, lawmakers and advocates say the fight to implement paid leave isn't over. Senate Democrats have decided to strip paid family and medical leave benefits from Biden's social spending package, Politico reporter Eleanor Mueller said on Wednesday. Sources told Mueller that attempts to water down the bill didn't work out. In recent weeks, Democrats have scrambled for new revenue sources to pay for the "Build Back Better" bill, which was initially targeted at $4 trillion and may end up at $1.5 trillion or smaller. Key centrist Sens. Joe Manchin and Kyrsten Sinema have variously opposed most of the new tax proposals that Democrats have suggested."It is still a little inconceivable to me that after the last 18 months - and everything we saw during the course of the pandemic - that we are hearing that Congress is going to leave paid leave for another day," Laura Narefsky, counsel on education and workplace justice at the National Women's Law Center (NWLC), told Insider.The family and medical leave benefits were a central focus of President Joe Biden during his 2020 campaign and, even if enacted, would leave Americans with some of the stingiest leave benefits in all the developed world, The New York Times' Upshot reported. The US is already an outlier when it comes to benefits. A report from the Organization for Economic Cooperation and Development (OECD) found that, out of 41 countries, the US was the only one not to mandate paid leave. The US also has no federal sick leave mandates."If the news reports are true, this is a devastating and incomprehensible blow to American families," Vicki Shabo, a paid leave expert at think tank New America, told Insider.She added: "This was a once in a generation opportunity to build on the Family and Medical Leave Act to finally bring the promise of paid leave to the US, to end its outlier status, and to make good on promises that the president ran on."Advocates for paid leave argue that it bolsters the economy, with an analysis from the University of Massachusetts Amherst finding that paid leave would increase Americans' incomes by $28.5 billion every year.Paid leave is among the latest of many cuts Democrats have reportedly made to appease Joe Manchin, including tuition-free community college and an expanded five-year child tax credit. But some lawmakers have been clear that they will keep fighting for all of their priorities until they see the final version of the bill."Until the bill is printed, I will continue working to include paid leave in the Build Back Better plan," New York Sen. Kirsten Gillibrand, who has been a leading advocate for paid leave, said in a statement on Wednesday.Other lawmakers have been making similar statements with regards to wanting to see the final bill text. Michigan Rep. Andy Levin, for example, told Insider during a Tuesday interview that he will keep fighting to get free community college in the bill "right up to the closing whistle."Democrats were hoping to pass the "Build Back Better" bill - along with a $1 trillion bipartisan infrastructure bill - this week."We cannot recover holistically unless you provide the full range of supports that working families need," Narefsky said. "It is so short-sighted to think that because we are trimming down some abstract top-line number, that that is the end goal. Paid family and medical leave is a benefit that touches everyone."This story is developing. Please check back for updates. Read the original article on Business Insider.....»»

Category: topSource: businessinsider3 hr. 35 min. ago Related News

Change Healthcare (CHNG) Earnings Expected to Grow: Should You Buy?

Change Healthcare (CHNG) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Change Healthcare (CHNG) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2021. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on November 3, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.Zacks Consensus EstimateThis health care technology company is expected to post quarterly earnings of $0.34 per share in its upcoming report, which represents a year-over-year change of +6.3%.Revenues are expected to be $833.7 million, up 10.3% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.Price, Consensus and EPS SurpriseEarnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).How Have the Numbers Shaped Up for Change Healthcare?For Change Healthcare, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination makes it difficult to conclusively predict that Change Healthcare will beat the consensus EPS estimate.Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Change Healthcare would post earnings of $0.46 per share when it actually produced earnings of $0.41, delivering a surprise of -10.87%.Over the last four quarters, the company has beaten consensus EPS estimates three times.Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.Change Healthcare doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Change Healthcare Inc. (CHNG): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks4 hr. 19 min. ago Related News

Analysts Estimate Chesapeake Utilities (CPK) to Report a Decline in Earnings: What to Look Out for

Chesapeake Utilities (CPK) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Wall Street expects a year-over-year decline in earnings on higher revenues when Chesapeake Utilities (CPK) reports results for the quarter ended September 2021. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 3. On the other hand, if they miss, the stock may move lower.While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.Zacks Consensus EstimateThis energy and utility company is expected to post quarterly earnings of $0.54 per share in its upcoming report, which represents a year-over-year change of -3.6%.Revenues are expected to be $114 million, up 12.4% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.Price, Consensus and EPS SurpriseEarnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).How Have the Numbers Shaped Up for Chesapeake Utilities?For Chesapeake Utilities, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination makes it difficult to conclusively predict that Chesapeake Utilities will beat the consensus EPS estimate.Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Chesapeake Utilities would post earnings of $0.75 per share when it actually produced earnings of $0.78, delivering a surprise of +4%.Over the last four quarters, the company has beaten consensus EPS estimates four times.Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.Chesapeake Utilities doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chesapeake Utilities Corporation (CPK): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks4 hr. 19 min. ago Related News

Earnings Preview: BrightSpire (BRSP) Q3 Earnings Expected to Decline

Colony Credit (BRSP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Wall Street expects a year-over-year decline in earnings on higher revenues when BrightSpire (BRSP) reports results for the quarter ended September 2021. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 3, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.Zacks Consensus EstimateThis real estate investment trust is expected to post quarterly earnings of $0.21 per share in its upcoming report, which represents a year-over-year change of -12.5%.Revenues are expected to be $27.15 million, up 7.7% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.Price, Consensus and EPS SurpriseEarnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).How Have the Numbers Shaped Up for Colony Credit?For Colony Credit, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination makes it difficult to conclusively predict that Colony Credit will beat the consensus EPS estimate.Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Colony Credit would post earnings of $0.16 per share when it actually produced earnings of $0.20, delivering a surprise of +25%.Over the last four quarters, the company has beaten consensus EPS estimates four times.Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.Colony Credit doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report BrightSpire Capital, Inc. (BRSP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks4 hr. 19 min. ago Related News

Clovis Oncology (CLVS) May Report Negative Earnings: Know the Trend Ahead of Next Week"s Release

Clovis (CLVS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Clovis Oncology (CLVS) is expected to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended September 2021. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on November 3, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.Zacks Consensus EstimateThis biopharmaceutical company is expected to post quarterly loss of $0.49 per share in its upcoming report, which represents a year-over-year change of +44.9%.Revenues are expected to be $38.38 million, down 1% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.Price, Consensus and EPS SurpriseEarnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).How Have the Numbers Shaped Up for Clovis?For Clovis, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #2.So, this combination makes it difficult to conclusively predict that Clovis will beat the consensus EPS estimate.Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Clovis would post a loss of $0.57 per share when it actually produced a loss of $0.61, delivering a surprise of -7.02%.Over the last four quarters, the company has beaten consensus EPS estimates three times.Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.Clovis doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Clovis Oncology, Inc. (CLVS): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks4 hr. 19 min. ago Related News

Callon Petroleum (CPE) Reports Next Week: Wall Street Expects Earnings Growth

Callon (CPE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Wall Street expects a year-over-year increase in earnings on higher revenues when Callon Petroleum (CPE) reports results for the quarter ended September 2021. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 3. On the other hand, if they miss, the stock may move lower.While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.Zacks Consensus EstimateThis independent oil and gas company is expected to post quarterly earnings of $2.49 per share in its upcoming report, which represents a year-over-year change of +289.1%.Revenues are expected to be $418.1 million, up 44.2% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 15.12% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.Price, Consensus and EPS SurpriseEarnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).How Have the Numbers Shaped Up for Callon?For Callon, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #1.So, this combination makes it difficult to conclusively predict that Callon will beat the consensus EPS estimate.Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Callon would post earnings of $1.42 per share when it actually produced earnings of $1.49, delivering a surprise of +4.93%.Over the last four quarters, the company has beaten consensus EPS estimates four times.Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.Callon doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Callon Petroleum Company (CPE): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks4 hr. 19 min. ago Related News

Chimera Investment (CIM) Earnings Expected to Grow: Should You Buy?

Chimera (CIM) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. The market expects Chimera Investment (CIM) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 3, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.Zacks Consensus EstimateThis mortgage investor is expected to post quarterly earnings of $0.40 per share in its upcoming report, which represents a year-over-year change of +21.2%.Revenues are expected to be $133.9 million, up 8.6% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.Price, Consensus and EPS SurpriseEarnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).How Have the Numbers Shaped Up for Chimera?For Chimera, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination makes it difficult to conclusively predict that Chimera will beat the consensus EPS estimate.Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Chimera would post earnings of $0.37 per share when it actually produced earnings of $0.54, delivering a surprise of +45.95%.Over the last four quarters, the company has beaten consensus EPS estimates three times.Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.Chimera doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Chimera Investment Corporation (CIM): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks4 hr. 19 min. ago Related News

Clean Harbors (CLH) Earnings Expected to Grow: Should You Buy?

Clean Harbors (CLH) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. The market expects Clean Harbors (CLH) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 3, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.Zacks Consensus EstimateThis environmental services company is expected to post quarterly earnings of $0.97 per share in its upcoming report, which represents a year-over-year change of +7.8%.Revenues are expected to be $918.2 million, up 17.8% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 5.47% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.Price, Consensus and EPS SurpriseEarnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).How Have the Numbers Shaped Up for Clean Harbors?For Clean Harbors, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -15.25%.On the other hand, the stock currently carries a Zacks Rank of #1.So, this combination makes it difficult to conclusively predict that Clean Harbors will beat the consensus EPS estimate.Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Clean Harbors would post earnings of $0.78 per share when it actually produced earnings of $1.19, delivering a surprise of +52.56%.Over the last four quarters, the company has beaten consensus EPS estimates four times.Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.Clean Harbors doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Clean Harbors, Inc. (CLH): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks4 hr. 19 min. ago Related News

Coterra Energy (CTRA) Earnings Expected to Grow: What to Know Ahead of Next Week"s Release

Cabot (CTRA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. The market expects Coterra Energy (CTRA) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended September 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The earnings report, which is expected to be released on November 3, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.Zacks Consensus EstimateThis independent oil and gas company is expected to post quarterly earnings of $2.74 per share in its upcoming report, which represents a year-over-year change of +2944.4%.Revenues are expected to be $1.01 billion, up 248.5% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 71.47% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.Price, Consensus and EPS SurpriseEarnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).How Have the Numbers Shaped Up for Cabot?For Cabot, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #1.So, this combination makes it difficult to conclusively predict that Cabot will beat the consensus EPS estimate.Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Cabot would post earnings of $0.27 per share when it actually produced earnings of $0.26, delivering a surprise of -3.70%.Over the last four quarters, the company has beaten consensus EPS estimates three times.Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.Cabot doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Coterra Energy Inc. (CTRA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks4 hr. 19 min. ago Related News

Cumulus Media (CMLS) Earnings Expected to Grow: Should You Buy?

Cumulus (CMLS) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Wall Street expects a year-over-year increase in earnings on higher revenues when Cumulus Media (CMLS) reports results for the quarter ended September 2021. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 3. On the other hand, if they miss, the stock may move lower.While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise.Zacks Consensus EstimateThis radio station owner is expected to post quarterly earnings of $0.13 per share in its upcoming report, which represents a year-over-year change of +116.7%.Revenues are expected to be $233.5 million, up 18.9% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 27.59% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.Price, Consensus and EPS SurpriseEarnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).How Have the Numbers Shaped Up for Cumulus?For Cumulus, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -12%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination makes it difficult to conclusively predict that Cumulus will beat the consensus EPS estimate.Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Cumulus would post a loss of $0.13 per share when it actually produced a loss of $0.03, delivering a surprise of +76.92%.Over the last four quarters, the company has beaten consensus EPS estimates four times.Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.Cumulus doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Cumulus Media, Inc. (CMLS): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks4 hr. 19 min. ago Related News

Earnings Preview: Compass Minerals (CMP) Q3 Earnings Expected to Decline

Compass (CMP) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. Compass Minerals (CMP) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended September 2021. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.Zacks Consensus EstimateThis minerals producer is expected to post quarterly loss of $0.22 per share in its upcoming report, which represents a year-over-year change of -214.3%.Revenues are expected to be $212.2 million, down 24.9% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 21.92% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.Price, Consensus and EPS SurpriseEarnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).How Have the Numbers Shaped Up for Compass?For Compass, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #5.So, this combination makes it difficult to conclusively predict that Compass will beat the consensus EPS estimate.Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Compass would post a loss of $0.06 per share when it actually produced a loss of $0.49, delivering a surprise of -716.67%.Over the last four quarters, the company has beaten consensus EPS estimates just once.Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.Compass doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Compass Minerals International, Inc. (CMP): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks4 hr. 19 min. ago Related News

Analysts Estimate Quotient Technology (QUOT) to Report a Decline in Earnings: What to Look Out for

Quotient Tech (QUOT) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. The market expects Quotient Technology (QUOT) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2021. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates.The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on November 3. On the other hand, if they miss, the stock may move lower.While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.Zacks Consensus EstimateThis digital coupons company is expected to post quarterly loss of $0.09 per share in its upcoming report, which represents a year-over-year change of -80%.Revenues are expected to be $132.07 million, up 9% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has been revised 46.43% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.Price, Consensus and EPS SurpriseEarnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).How Have the Numbers Shaped Up for Quotient Tech?For Quotient Tech, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -5.88%.On the other hand, the stock currently carries a Zacks Rank of #5.So, this combination makes it difficult to conclusively predict that Quotient Tech will beat the consensus EPS estimate.Does Earnings Surprise History Hold Any Clue?While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that Quotient Tech would post a loss of $0.10 per share when it actually produced a loss of $0.18, delivering a surprise of -80%.The company has not been able to beat consensus EPS estimates in any of the last four quarters.Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.Quotient Tech doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Quotient Technology Inc. (QUOT): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacks4 hr. 19 min. ago Related News

Earnings Preview: CaesarStone (CSTE) Q3 Earnings Expected to Decline

CaesarStone (CSTE) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations. CaesarStone (CSTE) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended September 2021. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.The earnings report, which is expected to be released on November 3, 2021, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower.While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.Zacks Consensus EstimateThis maker of quartz surface slabs is expected to post quarterly earnings of $0.19 per share in its upcoming report, which represents a year-over-year change of -53.7%.Revenues are expected to be $169.7 million, up 36.9% from the year-ago quarter.Estimate Revisions TrendThe consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.Price, Consensus and EPS SurpriseEarnings WhisperEstimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction).The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).How Have the Numbers Shaped Up for CaesarStone?For CaesarStone, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. This has resulted in an Earnings ESP of 0%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination makes it difficult to conclusively predict that CaesarStone will beat the consensus EPS estimate.Does Earnings Surprise History Hold Any Clue?Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.For the last reported quarter, it was expected that CaesarStone would post earnings of $0.07 per share when it actually produced earnings of $0.21, delivering a surprise of +200%.Over the last four quarters, the company has beaten consensus EPS estimates just once.Bottom LineAn earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss.That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported.CaesarStone doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now>>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Caesarstone Ltd. (CSTE): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacks4 hr. 19 min. ago Related News