Advertisements


SentinelOne (S) to Report Q3 Earnings: What"s in the Cards?

SentinelOne's (S) third-quarter fiscal 2023 results are expected to reflect expanding partner base and growing clientele. SentinelOne S is set to report its third-quarter fiscal 2023 results on Dec 6.For third-quarter fiscal 2023, SentinelOne expects revenues to be $111 million.The Zacks Consensus Estimate for fiscal third-quarter revenues is pegged at $110.96 million, implying growth of 98.08% from the figure reported in the year-ago quarter.The consensus mark for loss has stayed at 22 cents per share over the past 30 days. SentinelOne reported a loss of 15 cents per share in the year-ago quarter.SentinelOne’s earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average surprise being 15.55%. SentinelOne, Inc. Price and EPS Surprise SentinelOne, Inc. price-eps-surprise | SentinelOne, Inc. Quote Let’s see how things have shaped up for the upcoming announcement:Factors to ConsiderSentinelOne’s expanding and diversified customer base is expected to have aided the company’s top line in the fiscal third quarter. Customer count grew 60% year over year to more than 8,600 customers at the end of the second quarter of fiscal 2023.SentinelOne’s fiscal third-quarter results are expected to have benefited from a strong partner base that includes the likes of Armis, Proofpoint, Perception Point and Mandiant. These collaborations and partnerships are expected to have helped SentinelOne win new customers in the to-be-reported quarter.SentinelOne’s top-line growth is likely to reflect strong demand for its XDR platform across endpoint, cloud and identity.However, sluggish macroeconomic conditions are expected to have hurt growth in the fiscal third quarter.What Our Model SaysAccording to the Zacks model, the combination of a positive Earnings ESP and Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here.SentinelOne currently has a Zacks Rank #4 (Sell), while its Earnings ESP stands at +3.82% You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Stocks to ConsiderHere are a few companies worth considering, as our model shows that these have the right combination of elements to beat on earnings in their upcoming releases:Lululemon Athletica Inc. LULU has an Earnings ESP of +0.27% and a Zacks Rank #2. You can see the complete list of today’s Zacks #1 Rank stocks here.Lululemon shares are down 2.5% year to date. LULU is set to report its third-quarter fiscal 2022 results on Dec 8.Coupa Software COUP has an Earnings ESP of +71.17% and carries a Zacks Rank #3 at present.Coupa shares are down 59.2% year to date. COUP is set to report its third-quarter fiscal 2023 results on Dec 12.MongoDB MDB has an Earnings ESP of +1.66% and a Zacks Rank #3.MongoDB shares have declined 69.4% on a year-to-date basis. MDB is set to report its third-quarter fiscal 2023 results on Dec 6.Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 SentinelOne, Inc. (S): Free Stock Analysis Report lululemon athletica inc. (LULU): Free Stock Analysis Report Coupa Software, Inc. (COUP): Free Stock Analysis Report MongoDB, Inc. (MDB): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

Zacks Industry Outlook Highlights Kennedy-Wilson Holdings, FirstService and The RMR Group

Zacks Industry Outlook Highlights Kennedy-Wilson Holdings, FirstService and The RMR Group.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

Genesco (GCO) Tops Q3 Earnings and Revenue Estimates

Genesco (GCO) delivered earnings and revenue surprises of 5.10% and 2.30%, respectively, for the quarter ended October 2022. Do the numbers hold clues to what lies ahead for the stock? Genesco (GCO) came out with quarterly earnings of $1.65 per share, beating the Zacks Consensus Estimate of $1.57 per share. This compares to earnings of $2.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 5.10%. A quarter ago, it was expected that this seller of footwear, hats, clothing and accessories would post earnings of $0.26 per share when it actually produced earnings of $0.59, delivering a surprise of 126.92%.Over the last four quarters, the company has surpassed consensus EPS estimates four times.Genesco, which belongs to the Zacks Retail - Apparel and Shoes industry, posted revenues of $603.79 million for the quarter ended October 2022, surpassing the Zacks Consensus Estimate by 2.30%. This compares to year-ago revenues of $600.55 million. The company has topped consensus revenue estimates two times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Genesco shares have lost about 24.6% since the beginning of the year versus the S&P 500's decline of -14.5%.What's Next for Genesco?While Genesco has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Genesco: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $3.95 on $734.68 million in revenues for the coming quarter and $6.44 on $2.38 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Apparel and Shoes is currently in the bottom 41% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Torrid Holdings (CURV), another stock in the same industry, has yet to report results for the quarter ended October 2022. The results are expected to be released on December 8.This women's apparel retailer is expected to post quarterly earnings of $0.11 per share in its upcoming report, which represents a year-over-year change of -56%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Torrid Holdings' revenues are expected to be $299.18 million, down 2.3% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Genesco Inc. (GCO): Free Stock Analysis Report Torrid Holdings Inc. (CURV): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

Ford (F) to Invest Another $180M in UK"s Halewood EV Unit

Ford (F) pledges $180 million in Halewood powertrain plant to bolster EV supply in Europe. The investment will strengthen the company's Ford+ electrification plan. Ford Motor F recently announced plans to invest an additional $180 million in its Halewood EV powertrain facility in northern England.In October, F announced an investment of $280 million to transform its Halewood transmission facility to build electric power units for future European Ford passenger and commercial EVs. Production is scheduled to begin in 2024. The current flow of fresh funds will boost annual production at the plant to 420,000 units per year, up from 250,000 previously, an increase of 70% in factory output. This, in turn, will supply powertrains to a large number of European Ford models by 2026.Ford has been a major employer at Halewood for almost 60 years. The investment will secure jobs for more than 500 people at Halewood who will assist in EV component assembly for the European market.Ford’s vision for Europe thrives on a business model focusing on commercial vehicles and the electrification of its car range. Halewood is a critical player in Ford’s first in-house investment in EV component manufacturing in Europe. Ford intends to have nine fully electric models on sale in Europe by 2024, with Halewood supplying power units to assembly plants in Romania and Turkey for five high-volume models.It has been quite some time since Ford has been proactive in the EV race and is speeding toward an all-electric product range. Its bold strides in electrification have made it the second best-selling EV brand in the United States. Ford’s ambitious Ford+ plan, with a deep focus on increasing profitability, exploring the e-mobility future and enhancing customer experience, sparks optimism. Its pioneering rejig plan to split its EV business into a separate unit within the company will unlock growth opportunities.The firm’s aggressive EV push, with planned spending of around $50 billion by 2026 and target production of more than 2 million EVs by 2026-end (representing 49% CAGR for 2023-2026), augurs well for long-term growth. By 2030, Ford expects EVs to account for 50% of its global sales, cementing its position in the red-hot EV landscape.The recent announcement is in sync with the auto giant’s plan to go all-electric overseas by 2030.Shares of F have lost 29.1% over a year compared with the industry’s 48.4% decline.Image Source: Zacks Investment ResearchZacks Rank & Key PicksF currently carries a Zacks Rank #3 (Hold).Here are some better-ranked players in the auto space – CarParts.com PRTS, sporting a Zacks Rank #1 (Strong Buy), and Allison Transmission Holdings ALSN and Genuine Parts Company GPC, each carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks Rank #1 stocks here.CarParts has an expected earnings growth rate of 85% for the current year. The Zacks Consensus Estimate for current-year earnings has been revised 72.7% upward over the past 30 days.Allison has an expected earnings growth rate of 26.1% for the current year. The Zacks Consensus Estimate for ALSN’s current-year earnings has been revised 0.6% upward in the past 30 days.Genuine Parts has an expected earnings growth rate of 18.1% for the current year. The Zacks Consensus Estimate for current-year earnings has been revised 0.2% downward in the past 30 days. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Ford Motor Company (F): Free Stock Analysis Report Genuine Parts Company (GPC): Free Stock Analysis Report Allison Transmission Holdings, Inc. (ALSN): Free Stock Analysis Report CarParts.com, Inc. (PRTS): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

Zacks Industry Outlook Highlights American Water Works Company, Essential Utilities, The York Water Co. and Global Water Resources

Zacks Industry Outlook Highlights American Water Works Company, Essential Utilities, The York Water Co. and Global Water Resources.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

If You Invested $1000 in Boyd Gaming a Decade Ago, This is How Much It"d Be Worth Now

Holding on to popular or trending stocks for the long-term can make your portfolio a winner. For most investors, how much a stock's price changes over time is important. This factor can impact your investment portfolio as well as help you compare investment results across sectors and industries.The fear of missing out, or FOMO, also plays a factor in investing, especially with particular tech giants, as well as popular consumer-facing stocks.What if you'd invested in Boyd Gaming (BYD) ten years ago? It may not have been easy to hold on to BYD for all that time, but if you did, how much would your investment be worth today?Boyd Gaming's Business In-DepthWith that in mind, let's take a look at Boyd Gaming's main business drivers. Founded in 1975 and headquartered in Las Vegas, Boyd Gaming Corporation is a multi-jurisdictional gaming company. It owns and operates gaming entertainment properties in Nevada, Illinois, Indiana, Iowa, Kansas, Louisiana, Mississippi, Missouri, Ohio and Pennsylvania. As of Dec 31, 2021, the company owns and operates 28 properties, offering 1.69 million square feet of casino space, 31,635 slot machines, 686 table games and 10,751 hotel rooms.Boyd Gaming reports its operating results under the following segment:Las Vegas Locals (26.3% of total revenues in 2021): This segment consists of nine casinos and mainly targets the people of Las Vegas metropolitan area. The segment competes directly with other locals casinos and gaming companies.Downtown Las Vegas (4.6%): This segment consists of three casinos, which competes with eight other casinos in the area.Midwest and South (69.1%): The segment has four land-based casinos, six dockside riverboat casinos, three racinos and four barge-based casinos. These casinos operate in nine states in the Midwest and southern United States.During 2019, Boyd Gaming completed several transactions to improve its long-term financial position. In the fourth quarter of 2019, the company issued $1 billion aggregate principal amount due December 2027. The proceeds from the debt issuance were used to finance the redemption of all of its outstanding 6.875% senior notes due 2023 and prepay a portion of Refinancing Term B Loans.One of the notable initiatives by Boyd Gaming has been regarding the legalization of sports gambling. In July 2018, the company entered a partnership with MGM Resorts International, under which the companies have the opportunity to offer online and mobile gaming platforms, including sports betting, casino gaming and poker.In 2018, Boyd Gaming opened sports books at its two Mississippi properties, IP Casino Resort Spa (“IP”) in Biloxi, and Sam’s Town Hotel & Gambling Hall in Tunica. It also entered a partnership with FanDuel Group to pursue sports betting and online gaming opportunities across the United States.Bottom LineAnyone can invest, but building a successful investment portfolio requires research, patience, and a little bit of risk. So, if you had invested in Boyd Gaming ten years ago, you're likely feeling pretty good about your investment today.A $1000 investment made in December 2012 would be worth $11,067.27, or a 1,006.73% gain, as of December 2, 2022, according to our calculations. Investors should note that this return excludes dividends but includes price increases.In comparison, the S&P 500 gained 187.86% and the price of gold went up 1.08% over the same time frame.Analysts are anticipating more upside for BYD. Shares of Boyd Gaming have outperformed the industry in the past year. The company reported third-quarter 2022 results, wherein earnings and revenues surpassed the Zacks Consensus Estimate. Initiatives to strengthen current operations and growth through capital investment and other strategic measures bode well. The expansion of online betting offerings and the FanDuel partnership is also beneficial. Going forward, the company is optimistic about online gaming prospects in Ohio. The company anticipates EBITDAR (from its online operations) to exceed $30 million in 2022 on the back of growth opportunities in new markets and digital opportunities in online casino gaming. The company considers the local market in Las Vegas as a major driver for its portfolios. Shares have gained 11.48% over the past four weeks and there have been 5 higher earnings estimate revisions for fiscal 2022 compared to none lower. The consensus estimate has moved up as well. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Boyd Gaming Corporation (BYD): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

If You Invested $1000 in Catalyst Pharmaceutical a Decade Ago, This is How Much It"d Be Worth Now

Holding on to popular or trending stocks for the long-term can make your portfolio a winner. For most investors, how much a stock's price changes over time is important. Not only can it impact your investment portfolio, but it can also help you compare investment results across sectors and industries.FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.What if you'd invested in Catalyst Pharmaceutical (CPRX) ten years ago? It may not have been easy to hold on to CPRX for all that time, but if you did, how much would your investment be worth today?Catalyst Pharmaceutical's Business In-DepthWith that in mind, let's take a look at Catalyst Pharmaceutical's main business drivers. Coral Gables, FL-based Catalyst Pharmaceuticals, Inc. is a development-stage biopharmaceutical company, focused on the development and commercialization of therapies targeting rare neurological diseases and disorders, such as Lambert-Eaton Myasthenic Syndrome (LEMS), epilepsy (initially infantile spasms) and Tourette syndrome. In October 2012, Catalyst in-licensed rights to Firdapse (amifampridine phosphate) from BioMarin Pharmaceutical Inc. to develop and commercialize the product in the United States. Firdapse is currently approved in the European Union as well as in the United States for the symptomatic treatment of LEMS in adults. LEMS is an ultra-rare disease and the company estimates approximately 3,000 LEMS patients in the United States. The company is also strengthening the commercial portfolio of Firdapse. It already received multiple patents that cover the treatment of all amifampridine metabolizer types within the LEMS patient population. As a result, these patents will now provide intellectual property protection to Firdapse through 2034.Catalyst also recently received an FDA approval for its supplemental new drug application (sNDA) for Firdapse (amifampridine) tablets in 10 mg dosage to include pediatric patients (six years and older) for treating LEMS. Apart from Firdapse, Catalyst Pharmaceuticals is working on a generic version of Lundbeck’s Sabril (vigabatrin), CPP-109, for the treatment of infantile spasms and complex partial seizures. The company is also looking towards opportunities to diversify its business as well as invest in innovative opportunities for rare diseases. Catalyst recorded revenues worth $141 million for 2021, reflecting an increase of 18% on a year-over-year basisBottom LineWhile anyone can invest, building a lucrative investment portfolio takes research, patience, and a little bit of risk. If you had invested in Catalyst Pharmaceutical ten years ago, you're probably feeling pretty good about your investment today.A $1000 investment made in December 2012 would be worth $32,930.69, or a gain of 3,193.07%, as of December 2, 2022, according to our calculations. This return excludes dividends but includes price appreciation.Compare this to the S&P 500's rally of 187.86% and gold's return of 1.08% over the same time frame.Going forward, analysts are expecting more upside for CPRX. Catalyst’s earnings and revenues beat estimates for third-quarter 2022. The company’s lead drug Firdapse, approved for treating Lambert-Eaton Myasthenic Syndrome — an ultra-rare disease — witnessed an encouraging uptake since its launch in 2019. Zacks analysts are optimistic about this trend and expect the same to continue in 2022. The company’s efforts to develop Firdapse for other rare neuromuscular indications are also impressive. The FDA recently approved the label expansion of Firdapse for treating LEMS in pediatric patients, which is likely to boost Catalyst’s top line. The stock has outperformed the industry year to date. However, overdependence on Firdapse for growth and the lack of any other promising candidates in its pipeline are major concerns. The stiff competition also remains a woe. The stock is up 18.96% over the past four weeks, and no earnings estimate has gone lower in the past two months, compared to 4 higher, for fiscal 2022. The consensus estimate has moved up as well. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Catalyst Pharmaceuticals, Inc. (CPRX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

Here"s How Much You"d Have If You Invested $1000 in Ross Stores a Decade Ago

Investing in certain stocks can pay off in the long run, especially if you hold on for a decade or more. How much a stock's price changes over time is a significant driver for most investors. Not only can price performance impact your portfolio, but it can help you compare investment results across sectors and industries as well.FOMO, or the fear of missing out, also plays a role in investing, particularly with tech giants and popular consumer-facing stocks.What if you'd invested in Ross Stores (ROST) ten years ago? It may not have been easy to hold on to ROST for all that time, but if you did, how much would your investment be worth today?Ross Stores' Business In-DepthWith that in mind, let's take a look at Ross Stores' main business drivers. Based in Dublin, CA, Ross Stores Inc. operates as an off-price retailer of apparel and home accessories, primarily in the United States. The company operates its stores under the Ross Dress for Less (Ross) and dd’s DISCOUNTS names. The company’s stores are located mostly in community and neighborhood shopping centers in heavily populated urban and suburban areas.Ross Stores primarily offers in-season, branded, and designer apparel, footwear, accessories and other home-related merchandise for everyone in the family. This format primarily targets middle-income households. Prices offered at Ross are generally 20% to 60% below the regular prices of most department and specialty stores.dd’s DISCOUNTS features more moderately-priced first-quality, in-season, name brand apparel, accessories, footwear, and home fashions for the entire family. These stores target moderate-income households. The dd’s DISCOUNTS stores offer products at a 20% to 70% lesser price than the moderate department and discount stores.Ross Stores remains focused with its store expansion initiatives over the years. Further, the company’s efforts to expand base by making efforts to increase penetration in the existing as well as new markets. In this regard, it opened 26 stores across nine different states in February and March.As of Sep 30, 2022, Ross Stores operated 2,019 outlets, including 1,696 Ross stores across 40 states, the District of Columbia and Guam, and 323 dd’s DISCOUNTS stores in 21 states.Bottom LinePutting together a successful investment portfolio takes a combination of research, patience, and a little bit of risk. For Ross Stores, if you bought shares a decade ago, you're likely feeling really good about your investment today.According to our calculations, a $1000 investment made in December 2012 would be worth $4,134.14, or a gain of 313.41%, as of December 2, 2022, and this return excludes dividends but includes price increases.In comparison, the S&P 500 gained 187.86% and the price of gold went up 1.08% over the same time frame.Analysts are forecasting more upside for ROST too. Ross Stores has outpaced the industry in the past three months, courtesy of improved SG&A expense, sequential gains at dd’s DISCOUNTS and favorable traffic trends, which aided third-quarter fiscal 2022 results. The company reported top and bottom line beat in the fiscal third quarter. The decline in incentive costs resulted in lower SG&A expense during the quarter. It has been benefiting from the execution of its store expansion plans over the years. It provided an upbeat view for Q4 and fiscal 2022. However, the company’s fiscal third quarter results were impacted by ongoing financial pressures on dd’s customers and increased markdowns, resulting in year over year decline in sales and earnings. In Q4, it expects the highly promotional holiday season and inflationary costs to put pressure on low-to-moderate income customers. Over the past four weeks, shares have rallied 27.82%, and there have been 9 higher earnings estimate revisions in the past two months for fiscal 2023 compared to none lower. The consensus estimate has moved up as well. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Ross Stores, Inc. (ROST): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

Here"s How Much a $1000 Investment in Emcor Group Made 10 Years Ago Would Be Worth Today

Why investing for the long run, especially if you buy certain popular stocks, could reap huge rewards. How much a stock's price changes over time is important for most investors, since price performance can both impact your investment portfolio and help you compare investment results across sectors and industries.The fear of missing out, or FOMO, also plays a factor in investing, especially with particular tech giants, as well as popular consumer-facing stocks.What if you'd invested in Emcor Group (EME) ten years ago? It may not have been easy to hold on to EME for all that time, but if you did, how much would your investment be worth today?Emcor Group's Business In-DepthWith that in mind, let's take a look at Emcor Group's main business drivers. EMCOR Group is one of the leading providers of mechanical and electrical construction, industrial and energy infrastructure, as well as building services for a diverse range of businesses. The company serves commercial, industrial, utility and institutional clients. The company currently operates under the following reportable segments:United States Electrical Construction and Facilities Services (contributing 20% to total revenues for 2021) – This comprises systems for premises electrical and lighting systems; electrical power transmission and distribution; roadway and transit lighting; fiber optic lines; voice and data communication; as well as low-voltage systems, such as fire alarm, security and process control.United States Mechanical Construction and Facilities Services (40%) – This involves systems for fire protection; heating, ventilation, air conditioning, refrigeration and clean-room process ventilation; water and wastewater treatment and central plant heating and cooling; plumbing, process and high-purity piping; millwrighting; steel fabrication, erection and welding; as well as controls and filtration.United States Building Services (25%) – This segment provides various types of support services related to operation and maintenance of clients’ facilities in the U.S. These include commercial and government site-based operations and maintenance; military base operations support services; infrastructure and building projects for federal, state and local governmental agencies.United States Industrial Services (10%) – This segment comprises industrial maintenance and services that are needed for refineries and petrochemical plants such as designing, manufacturing, repairing and hydro blast cleaning of shell and tube heat exchangers and related equipment; overhaul and maintenance of critical process units in refineries and petrochemical plants.United Kingdom Building Services (5%) – This segment provides support services related to operation and maintenance of commercial and government client facilities in the U.K.Bottom LineAnyone can invest, but building a successful investment portfolio takes a combination of a few things: research, patience, and a little bit of risk. So, if you had invested in Emcor Group a decade ago, you're probably feeling pretty good about your investment today.A $1000 investment made in December 2012 would be worth $4,688.28, or a gain of 368.83%, as of December 2, 2022, according to our calculations. This return excludes dividends but includes price appreciation.Compare this to the S&P 500's rally of 187.86% and gold's return of 1.08% over the same time frame.Looking ahead, analysts are expecting more upside for EME. EMCOR’s shares increased as it reported solid third-quarter 2022 results. Its earnings and revenues surpassed the Zacks Consensus Estimate by 2.4% and 4.2% and increased 16.8% and 12.1% year over year, respectively. Organic revenues were up 10.8%, driven by double-digit revenue growth across the U.S. Construction and U.S. Building Services segments. Strong demand across geographies and end-markets served and disciplined project executions are tailwinds. The U.S. Mechanical and Electrical Construction segments continued to display strength, backed by higher project activity. Resilient end markets, solid RPOs and bolt-on acquisitions are also gaining traction. Yet, margins remained under pressure due to supply chain issues and energy and raw material-related costs. The stock has jumped 8.20% over the past four weeks. Additionally, no earnings estimate has gone lower in the past two months, compared to 3 higher, for fiscal 2022; the consensus estimate has moved up as well. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 EMCOR Group, Inc. (EME): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

Jack Henry (JKHY) Boosts Digital Banking With Atomic Tie-Up

Jack Henry (JKHY) equips Atomic's direct deposit setup & switching solution, Deposit in its digital banking platform to help financial institutions provide seamless banking experience to their customers. Jack Henry & Associates JKHY formed partnership with a leading provider of payroll connectivity, Atomic.Per the terms, JKHY’s digital banking platform is providing customers with Atomic’s direct deposit setup and switching solution, named Deposit.With the help of Deposit solution, financial institutions can enable their customers to set up their account digitally and convert direct deposits to fund accounts. This will make banking experience easier for customers.In July 2022, Atomic made an initial launch of Deposit plugin on the Jack Henry digital banking platform to let Banno Digital platform customers access first-to-market setup and switching solution.Now, with the active availability of Deposit solution on the JKHY digital banking platform, existing Banno users can install and activate the Deposit plugin to their bank’s mobile app or online banking platform in a couple of hours.The collaboration with Atomic is expected to help Jack Henry to gain momentum among banks and credit unions which in turn will drive its top line in the days ahead.Consequently, this is expected to help Jack Henry to win the confidence of the investors in the near term and long haul.Shares of JKHY have been up 14.3% in the year-to-date period against the Computer and Technology sector’s decline of 30.2%.Jack Henry & Associates, Inc. Price and Consensus Jack Henry & Associates, Inc. price-consensus-chart | Jack Henry & Associates, Inc. QuotePortfolio Strength – Key CatalystThe partnership with Atomic bodes well with Jack Henry’s growing efforts to strengthen its digital banking platform.Apart from this, Jack Henry acquired a digital payments company named Payrailz to expand its payment services for helping financial institutions seamlessly cater to the needs of consumer and commercial account holders.JKHY introduced the Vendor Management Program to its Governance, Risk and Compliance Suite to provide assistance to financial institutions.Jack Henry also unveiled SecurePort for banks to help customers access account balances and funds as well as protect the same in times of crisis.Further, Jack Henry Lending launched a powerful digital solution named FactorSoft Web Portal, providing near real-time servicing to lenders anytime and anywhere.Growing Customer BaseJack Henry’s robust portfolio of fintech solutions is helping it to gain traction among various banks and credit unions.Recently, Woodsville Guaranty Savings Bank selected JKHY to use the latter’s digital features and functionalities to provide an enhanced user experience to customers and employees.Apart from this, Jack Henry was picked by LINKBANCORP. The firm uses JKHY’s digital-banking and lending capabilities, including the Banno Digital Platform and LoanVantage to enhance operational efficiencies and offer better banking facilities to customers.Jack Henry announced that Great Plains National Bank is using its BusinessManager solution to help local businesses generate additional revenue sources and survive in the post-pandemic world.The Bank of Burlington, RockPoint Bank and Moultrie Bank & Trust chose JKHY’s technology platform to make their financial services accessible to local communities.Further, Jack Henry and Old Second National Bank expanded their relationship to  execute growth and digital strategies.Zacks Rank & Stocks to ConsiderCurrently, Jack Henry carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the broader Zacks Computer & Technology sector are Arista Networks ANET, Airbnb ABNB and Asure Software ASUR. While Arista Networks and Asure Software sport a Zacks Rank #1 (Strong Buy), Airbnb carries a Zacks Rank #2 (Buy) at present. You can see the complete list of today’s Zacks #1 Rank stocks here.Arista Networks has lost 2.7% in the year-to-date period. The long-term earnings growth rate for ANET is currently projected at 17.5%.Airbnb has lost 39.2% in the year-to-date period. ABNB’s long-term earnings growth rate is currently projected at 20.7%.Asure Software has gained 12.2% in the year-to-date period. The long-term earnings growth rate for ASUR is currently projected at 23%. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Jack Henry & Associates, Inc. (JKHY): Free Stock Analysis Report Asure Software Inc (ASUR): Free Stock Analysis Report Arista Networks, Inc. (ANET): Free Stock Analysis Report Airbnb, Inc. (ABNB): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

The Zacks Analyst Blog Highlights MLPO, CHIR, KWEB, FDNI, TUR and JJT

The Zacks Analyst Blog Highlights MLPO, CHIR, KWEB, FDNI, TUR and JJT.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

Here"s Why Hold is an Apt Strategy for Nasdaq (NDAQ) Now

Nasdaq's (NDAQ) focuses on strategic buyouts and aims to generate revenues from high growth Market Technology and Investment Intelligence segments bodes well. Nasdaq Inc.’s NDAQ accelerating organic growth, focus on ramping up the on-trading revenue base, favorable growth estimates, effective capital deployment make it worth retaining in one’s portfolio.Earnings Surprise HistoryNasdaq has a decent earnings surprise history. It beat estimates in each of the last four quarters, with the average being 5.88%.Zacks Rank & Price PerformanceNasdaq currently carries a Zacks Rank #3 (Hold). In the past year, the stock has gained 2.7% against the industry’s decline of 30.8%.Image Source: Zacks Investment ResearchOptimistic Growth ProjectionsThe Zacks Consensus Estimate for Nasdaq’s 2022 earnings is pegged at $2.68, indicating a 6.3% increase from the year-ago reported figure on 4.7% higher revenues of $3.6 billion. The consensus estimate for 2023 earnings is pegged at $2.82, indicating growth of 5.2%  from the year-ago reported figure on 4.6% higher revenues of $3.7 billion.The expected long-term earnings growth rate is currently pegged at 4.7%.Return on EquityReturn on equity was 22.1% in the trailing 12 months, better than the industry average of 11.4%.Business TailwindsNasdaq’s growth strategy involves generating more revenues from high-growth Market Technology and Investment Intelligence segments and diverting R&D spending toward higher-growth products.Given the vast opportunities in the cryptocurrency markets, Nasdaq has been accelerating its technology expansion. Technology expansion with SMARTS surveillance in non-financial markets is in tandem with this growth strategy.Nasdaq noted that the anti-fin crime space has a total addressable market of $12.5 billion and is expected to witness a CAGR of 17% through 2024. The acquisition of Verafin in February 2021 consolidated Nasdaq's established reg tech leadership to create a global SaaS leader. Nasdaq aims 40-50% Saas revenues as a percentage of total revenues by 2025.The buyout of Puro.earth and Metrio will help NDAQ address expanding client ESG needs.NDAQ estimates growth from its index and analytics businesses, followed by moderate growth in its exchange data products across the U.S. and Nordic equities. Nasdaq estimates 5%-8% revenue organic growth in Investment Intelligence, 13%-16% in Market Technology, 3%-5% in Corporate Platforms over the medium term. Nasdaq expects Market Technology revenues to grow 15.3% to $534 million in 2022 while Corporate Platform revenues to grow 9.9% to $673.8 million.Nasdaq boasts a healthy balance sheet and cash position along with modest operating cash flow from its diverse business model. This, in turn, helps in effective capital deployment. With the 11% hike in April 2022, NDAQ’s dividend recorded an eight-year CAGR (2015-2022) of 11.6%. It had $293 million remaining under its share repurchase authorization as of Sep 30, 2022.Stocks to ConsiderSome better-ranked stocks from the finance sector are Cboe Global Markets, Inc. CBOE, Ameriprise Financial, Inc. AMP and Affiliated Managers Group, Inc. AMG. While Cboe Global sports a Zacks Rank #1 (Strong Buy), Ameriprise Financial and Affiliated Managers carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Cboe Global’s earnings surpassed estimates in three of the last four quarters and missed in one, the average surprise being 4.92%. In the past year, Cboe Global’s stock has lost 1.7%.The Zacks Consensus Estimate for CBOE’s 2022 and 2023 earnings per share indicates year-over-year increases of 12% and 2.9%, respectively.Ameriprise Financial’s earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average beat being 4.83%. In the past year, Ameriprise Financial has rallied 14%.The Zacks Consensus Estimate for 2022 and 2023 earnings indicates 7.9% and 18.4% year-over-year growth, respectively.Affiliated Managers’ earnings surpassed the Zacks Consensus Estimate in each of the last four quarters, the average beat being 5.20%. In the past year, Affiliated Managers has lost 2.1%.The Zacks Consensus Estimate for AMG’s 2022 and 2023 earnings has moved 8.4% and 5.8% north in the past 30 days. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Nasdaq, Inc. (NDAQ): Free Stock Analysis Report Ameriprise Financial, Inc. (AMP): Free Stock Analysis Report Cboe Global Markets, Inc. (CBOE): Free Stock Analysis Report Affiliated Managers Group, Inc. (AMG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

The Zacks Analyst Blog Highlights HF Sinclair, DCP Midstream, Arista Networks, Fortinet, Texas Pacific Land

The Zacks Analyst Blog Highlights HF Sinclair, DCP Midstream, Arista Networks, Fortinet, Texas Pacific Land.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

Do Options Traders Know Something About SL Green (SLG) Stock We Don"t?

Investors need to pay close attention to SL Green (SLG) stock based on the movements in the options market lately. Investors in SL Green Realty Corp. SLG need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 20, 2023 $30.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.What do the Analysts Think?Clearly, options traders are pricing in a big move for SL Green shares, but what is the fundamental picture for the company? Currently, SL Green is a Zacks Rank #3 (Hold) in the REIT and Equity Trust - Other industry that ranks in the Bottom 36% of our Zacks Industry Rank. Over the last 60 days, one analyst has increased the earnings estimate for the current quarter, while five have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $1.62 per share to $1.52 in that period.Given the way analysts feel about SL Green right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.Looking to Trade Options?Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.Click to see the trades now >> Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 SL Green Realty Corporation (SLG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

Malvern Bancorp (MLVF) Tops Q4 Earnings and Revenue Estimates

Malvern Bancorp (MLVF) delivered earnings and revenue surprises of 17.24% and 6.84%, respectively, for the quarter ended September 2022. Do the numbers hold clues to what lies ahead for the stock? Malvern Bancorp (MLVF) came out with quarterly earnings of $0.34 per share, beating the Zacks Consensus Estimate of $0.29 per share. This compares to loss of $0.82 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 17.24%. A quarter ago, it was expected that this holding company for Malvern Federal Savings Bank would post earnings of $0.23 per share when it actually produced earnings of $0.24, delivering a surprise of 4.35%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Malvern Bancorp, which belongs to the Zacks Banks - Northeast industry, posted revenues of $8.47 million for the quarter ended September 2022, surpassing the Zacks Consensus Estimate by 6.84%. This compares to year-ago revenues of $7.4 million. The company has topped consensus revenue estimates four times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Malvern Bancorp shares have lost about 8.7% since the beginning of the year versus the S&P 500's decline of -14.5%.What's Next for Malvern Bancorp?While Malvern Bancorp has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Malvern Bancorp: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.23 on $7.63 million in revenues for the coming quarter and $0.88 on $30.42 million in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Banks - Northeast is currently in the top 15% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Another stock from the same industry, Republic First (FRBK), has yet to report results for the quarter ended September 2022.This bank holding company is expected to post quarterly earnings of $0.06 per share in its upcoming report, which represents a year-over-year change of -25%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Republic First's revenues are expected to be $41.08 million, up 6% from the year-ago quarter. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Malvern Bancorp, Inc. (MLVF): Free Stock Analysis Report Republic First Bancorp, Inc. (FRBK): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

Implied Volatility Surging for Dynavax Technologies (DVAX) Stock Options

Investors need to pay close attention to Dynavax Technologies (DVAX) stock based on the movements in the options market lately. Investors in Dynavax Technologies Corporation DVAX need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 20, 2023 $1.50 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.What do the Analysts Think?Clearly, options traders are pricing in a big move for Dynavax Technologies shares, but what is the fundamental picture for the company? Currently, Dynavax Technologies is a Zacks Rank #3 (Hold) in the Medical - Biomedical and Genetics industry that ranks in the Top 21% of our Zacks Industry Rank. Over the last 60 days, two analysts have increased their earnings estimates for the current quarter, while none have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from 34 cents per share to 35 cents in that period.Given the way analysts feel about Dynavax Technologies right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.Looking to Trade Options?Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.Click to see the trades now >> Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Dynavax Technologies Corporation (DVAX): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

CNA or RE: Which Property & Casualty Insurer Has an Edge?

Let's see how Everest Re (RE) and CNA Financial Corporation (CNA) fare in terms of some of the key metrics. The Zacks Property and Casualty Insurance industry has been gaining momentum on the back of improved pricing, increased technology advancements, exposure growth, underwriting profitability, favorable reserve development and global expansion as well as an impressive solvency level.The industry has risen 14.4% in the past year against the Zacks S&P 500 composite’s decline of 12.4% and the Finance sector’s 7.8% decline.Image Source: Zacks Investment ResearchHere we focus on two property and casualty insurers, namely Everest Re Group, Ltd. RE and CNA Financial Corporation CNA.Everest Re, with a market capitalization of $12.9 billion, provides commercial property and casualty insurance products through wholesale and retail brokers. It provides reinsurance and insurance products in the United States and internationally. CNA Financial, with a market capitalization of $11.4 billion, provides commercial property and casualty insurance products primarily in the United States. Both insurers carry a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Per the Global Insurance Market Index by Marsh, global commercial insurance prices increased 6% in the third quarter of 2022. This marked the 20th consecutive quarter in which composite pricing rose, continuing the longest run of increases since the inception of the index in 2012. Price hikes, operational strength, higher retention, strong renewal and the appointment of retail agents should help write higher premiums.Per Deloitte Insights, The Swiss Re Institute estimates an increase in demand for insurance coverage across the globe, in turn driving a 3.9% rise in premiums in 2022. Per Deloitte Insights, life insurance premium is estimated to increase 4%, while non-life insurance premium is expected to increase 3.7% in 2022.The P&C insurers remain exposed to catastrophe loss from natural disasters and weather-related events, which induce volatility in their underwriting results. Per Colorado State University, the 2022 above-average hurricane season may have 19 named storms, including nine hurricanes and four major hurricanes. Global estimated insured losses from natural catastrophes in the first half of 2022 were $35 billion, 22% above average of the past 10 years ($29 billion), per a report by Swiss Re Institute.Exposure growth, better pricing, prudent underwriting and favorable reserve development will help withstand the blow. Also, frequent occurrences of natural disasters should accelerate the policy renewal rate.The solid capital level continues to aid insurers in pursuing strategic mergers and acquisitions, investing in growth initiatives, engaging in share buybacks, increasing dividends or paying out special dividends. Consolidation is likely to continue as players look to diversify their operations into new business lines and geographies.With the reopening of the economy and robust capital level of the insurers, 2021 witnessed 869 deals, which increased 40% from 620 in 2020 while the total deal value surged 165% to $57.5 billion per Deloitte. However, with high inflation and a rise in interest rate (the Fed has already made five rate hikes this year), the momentum in the M&A environment is likely to slow down. Per Deloitte, so far this year, the number of deals dropped about 30% while deal value dropped by about 25% and is estimated to hit a low point.The interest rate environment has started to improve. In November 2022, Fed officials declared to raise interest rates by 75 basis points, shifting the target range to 3.75%-4%. This marked the sixth consecutive rate hike in 2022. Thus, insurers are poised to benefit as net investment income is an important component of their top line.The insurers have increased investment in emerging technologies in a bid to drive efficiency, enhance cybersecurity as well as expand automation capabilities across the organization. The adoption of technologies such as robotic process automation, Chatbot and RoboAdvisory, artificial intelligence and data analytics, insurtech solutions, telematics and cloud computing is gaining steam. Deloitte’s Global survey projects insurers’ technology budget to increase 13.7% in 2022.Now let’s take a look at how RE and CNA are poised.Price Performance    Everest Re has gained 25.9% in the past year, outperforming the industry’s increase of 15.2%. CNA Financial shares have declined 1.9% in the said time frame.Image Source: Zacks Investment ResearchReturn on Equity (ROE)   Everest Re, with a return on equity (ROE) of 10.5%, exceeds CNA Financial’s ROE of 10.1% and the industry average of 6.7%.Image Source: Zacks Investment ResearchValuation      The price-to-book value is the best multiple used for valuing insurers. Compared with Everest Re’s P/B ratio of 1.70, CNA Financial is cheaper, with a reading of 1.41. The P&C insurance industry’s P/B ratio is 1.55.Image Source: Zacks Investment ResearchDividend Yield        CNA Financial’s dividend yield of 3.8% betters Everest Re’s dividend yield of 2%. Thus, CNA Financial has an advantage over Everest Re on this front.Debt-to-Capital   Everest Re’s debt-to-capital ratio of 28.7 is higher than the industry average of 20.5 and CNA Financial’s reading of 25.6. Therefore, CNA Financial has an advantage over Everest Re on this front.Image Source: Zacks Investment ResearchCombined Ratio      Everest Re’s combined ratio was 98.8 in the first nine months of 2022, whereas that of CNA Financial was 93% in the said time frame. Thus, the combined ratio of CNA Financial betters that of Everest Re.To ConcludeOur comparative analysis shows that CNA Financial is better positioned than Everest Re with respect to dividend yield, combined ratio, leverage and valuation. Meanwhile, Everest Re scores higher in terms of price and return on equity. With the scale significantly tilted toward CNA Financial, the stock appears to be better poised. Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 Everest Re Group, Ltd. (RE): Free Stock Analysis Report CNA Financial Corporation (CNA): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

Is the Options Market Predicting a Spike in Williams-Sonoma (WSM) Stock?

Investors need to pay close attention to Williams-Sonoma (WSM) stock based on the movements in the options market lately. Investors in Williams-Sonoma, Inc. WSM need to pay close attention to the stock based on moves in the options market lately. That is because the Jan 20, 2023 $75.00 Call had some of the highest implied volatility of all equity options today.What is Implied Volatility?Implied volatility shows how much movement the market is expecting in the future. Options with high levels of implied volatility suggest that investors in the underlying stocks are expecting a big move in one direction or the other. It could also mean there is an event coming up soon that may cause a big rally or a huge sell-off. However, implied volatility is only one piece of the puzzle when putting together an options trading strategy.What do the Analysts Think?Clearly, options traders are pricing in a big move for Williams-Sonoma shares, but what is the fundamental picture for the company? Currently, Williams-Sonoma is a Zacks Rank #3 (Hold) in the Retail - Home Furnishings industry that ranks in the Bottom 37% of our Zacks Industry Rank. Over the last 30 days, one analyst has increased the earnings estimates for the current quarter, while five have dropped their estimates. The net effect has taken our Zacks Consensus Estimate for the current quarter from $5.66 per share to $5.44 in that period.Given the way analysts feel about Williams-Sonoma right now, this huge implied volatility could mean there’s a trade developing. Oftentimes, options traders look for options with high levels of implied volatility to sell premium. This is a strategy many seasoned traders use because it captures decay. At expiration, the hope for these traders is that the underlying stock does not move as much as originally expected.Looking to Trade Options?Check out the simple yet high-powered approach that Zacks Executive VP Kevin Matras has used to close recent double and triple-digit winners. In addition to impressive profit potential, these trades can actually reduce your risk.Click to see the trades now >> Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 WilliamsSonoma, Inc. (WSM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

The Zacks Analyst Blog Highlights AMark Precious Metals, Barings BDC, Caterpillar, Chico"s FAS and J & J Snack Foods

The Zacks Analyst Blog Highlights AMark Precious Metals, Barings BDC, Caterpillar, Chico"s FAS and J & J Snack Foods.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News

Here"s Why United Airlines (UAL) Should Grace Your Portfolio

Owing to a buoyant air-travel demand, United Airlines (UAL) anticipates TRASM to increase in the 24-25% band in fourth-quarter 2022 from the fourth-quarter 2019 actuals. The uptick in air-travel demand (particularly on the domestic front) bodes well for United Airlines UAL. On the back of upbeat air-travel demand, UAL witnessed a profitable third-quarter 2022. The third quarter was the second consecutive profitable quarter at UAL since the onset of the pandemic.Let's delve deeper to unearth the factors that make United Airlines an attractive pick currently.Northward Earnings Estimates: The Zacks Consensus Estimate for fourth-quarter earnings has been revised 114% upward over the past 60 days. For 2022, the consensus mark for earnings has skyrocketed 385.4% north in the same time frame. The highly favorable estimate revisions reflect the confidence of brokers in the stock.Given the wealth of information at brokers’ disposal, it is in the best interest of investors to be guided by their expert advice and the direction of their estimate revisions. This is because the path of estimate revisions serves as an important pointer when it comes to ascertaining the stock price.Upbeat Price Performance: Shares of UAL have performed well on the bourses, gaining 24.3% over the past three months, whereas its industry has appreciated 8.5% in the same timeframe.Image Source: Zacks Investment ResearchSolid Rank & VGM Score: United Airlines currently carries a Zacks Rank #2 (Buy) and has a VGM Score of A. Per our research, stocks with a VGM Score of A or B, when combined with a Zacks Rank #1 (Strong Buy) or 2, offer the best investment opportunities. Hence, UAL seems an appropriate investment proposition at the moment. You can see the complete list of today’s Zacks #1 Rank stocks here.Bullish Industry Rank: The industry to which United Airlines belongs currently has a Zacks Industry Rank of 63 (of 250 plus groups). Such a solid rank places the industry in the top 25% of the Zacks industries. Studies show that 50% of a stock price movement is directly tied to the performance of the industry group that it hails from.In fact, a mediocre stock in a healthy group is likely to outperform a robust stock in a poor industry. Therefore, taking the industry’s performance into account becomes necessary.Other Tailwinds: Due to an upside in air-travel demand, United Airlines posted a significant year-over-year increase (about 75%) in third-quarter 2022 passenger revenues. Management believes that air-travel demand and pricing trends will remain strong in the December quarter as well. Driven by solid demand, management expects total revenue per available seat mile (TRASM) to increase in the 24-25% band in the December quarter from the fourth-quarter 2019 actuals.United Airlines’ environment-friendly moves are also laudable. UAL aims to achieve net-zero emissions by 2050 without using any carbon offset mechanism. United Airlines’ focus on its cargo operations is boosting cargo revenues which increased nearly 5% year over year in the first nine months of 2022.Other Key PicksInvestors interested in the broader Transportation sector may also consider the following stocks:Covenant Logistics CVLG: CVLG offers a portfolio of transportation and logistics services, including asset-based expedited, dedicated and irregular route truckload capacity, besides asset-light warehousing, transportation management and freight brokerage capability.The gradually-improving freight market scenario is a tailwind to Covenant. CVLG’s cost-control efforts are appreciated as well. CVLG currently sports a Zacks Rank #1. The stock has witnessed the Zacks Consensus Estimate for 2022 earnings being revised 10.1% upward over the past 60 days.Teekay Tankers TNK: TNK is being well-served by the increase in tanker rates. A gradual ramp-up in economic activities also bodes well. High fuel costs are, however, weighing on the bottom line.Teekay Tankers currently sports a Zacks Rank #1. TNK’s shares have increased 35.2% over the past three months. Over the past 60 days, the Zacks Consensus Estimate for 2022 earnings has moved 87.6% north.  Zacks Names "Single Best Pick to Double" From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all. It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time. This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.Free: See Our Top Stock and 4 Runners Up >>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 United Airlines Holdings Inc (UAL): Free Stock Analysis Report Teekay Tankers Ltd. (TNK): Free Stock Analysis Report Covenant Logistics Group, Inc. (CVLG): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research.....»»

Category: topSource: ZACKSDec 3rd, 2022Related News