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BORR | Borr Drilling Limited | Energy | Oil & Gas Production | https://www.nasdaq.com/press-release/borr-drilling-limited-invitation-webcast-and-conference-call-q2-2024-results-2024-08 | 2024-08-02 11:09:00 | Unknown | HAMILTON, Bermuda, Aug. 2, 2024 /PRNewswire/ -- Borr Drilling Limited (NYSE: BORR) and (OSE: BORR) plans to release its financial results for the second quarter 2024 after the close of the New York Stock Exchange on Wednesday 14 August, 2024. The earnings report and presentation will be available from the Investor Relations section on [www.borrdrilling.com](https://c212.net/c/link/?t=0&l=en&o=4225321-1&h=3808179977&u=http%3A%2F%2Fwww.borrdrilling.com%2F&a=www.borrdrilling.com). A conference call and webcast is scheduled for 15:00 CEST (9:00 AM New York Time) on Thursday 15 August, 2024 and participants are encouraged to dial in 10 minutes before the start of the call. In order to listen to the presentation, you may do one of the following: **a) Webcast** To access the webcast, please go to the following link: [https://edge.media-server.com/mmc/p/oog8fcz6 ](https://c212.net/c/link/?t=0&l=en&o=4225321-1&h=1312586654&u=https%3A%2F%2Fedge.media-server.com%2Fmmc%2Fp%2Foog8fcz6&a=https%3A%2F%2Fedge.media-server.com%2Fmmc%2Fp%2Foog8fcz6%C2%A0) **b) Conference Call** Please use the below link to register for the conference call, [https://register.vevent.com/register/BI5537d561434e4a0482d85516e384dbe1](https://c212.net/c/link/?t=0&l=en&o=4225321-1&h=161757449&u=https%3A%2F%2Fregister.vevent.com%2Fregister%2FBI5537d561434e4a0482d85516e384dbe1&a=https%3A%2F%2Fregister.vevent.com%2Fregister%2FBI5537d561434e4a0482d85516e384dbe1). Participants will then receive dial-in details on screen and via email and can then choose to dial in with their unique pin or select "Call me" and provide telephone details for the system to link them automatically. **Replay Stream:** When the call is complete, participants can stream the replay of the call by clicking this [https://edge.media-server.com/mmc/p/oog8fcz6](https://c212.net/c/link/?t=0&l=en&o=4225321-1&h=3228970382&u=https%3A%2F%2Fedge.media-server.com%2Fmmc%2Fp%2Foog8fcz6&a=https%3A%2F%2Fedge.media-server.com%2Fmmc%2Fp%2Foog8fcz6) **CONTACT:**Questions should be directed to: Magnus Vaaler, CFO, +44 1224 289208 This information was brought to you by Cision [http://news.cision.com](https://c212.net/c/link/?t=0&l=en&o=4225321-1&h=2602710688&u=http%3A%2F%2Fnews.cision.com%2F&a=http%3A%2F%2Fnews.cision.com). [https://news.cision.com/borr-drilling-limited/r/borr-drilling-limited---invitation-to-webcast-and-conference-call-q2-2024-results,c4020998](https://c212.net/c/link/?t=0&l=en&o=4225321-1&h=2613538606&u=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---invitation-to-webcast-and-conference-call-q2-2024-results%2Cc4020998&a=https%3A%2F%2Fnews.cision.com%2Fborr-drilling-limited%2Fr%2Fborr-drilling-limited---invitation-to-webcast-and-conference-call-q2-2024-results%2Cc4020998) [Cision](https://c212.net/c/img/favicon.png?sn=IO75733&sd=2024-08-02) View original content: [https://www.prnewswire.com/news-releases/borr-drilling-limited--invitation-to-webcast-and-conference-call-q2-2024-results-302213479.html](https://www.prnewswire.com/news-releases/borr-drilling-limited--invitation-to-webcast-and-conference-call-q2-2024-results-302213479.html) SOURCE Borr Drilling Limited | Borr Drilling Limited - Invitation to webcast and conference call Q2 2024 results | Press Release | Symbol Press Release | Symbol | 0.0554 | 6.50921 | 6.81583 | 6.50776 | 6.07901 | 6.085 | 6.08049 | 6.10471 | 6.05337 | 5.9964 | 6.21106 | 6.10315 | 6.10315 | 6.08292 | 5.92854 | 5.64963 | 5.78575 | 6.25833 | 6.02528 |
GBX | The Greenbrier Companies, Inc. | Industrials | Railroads | https://www.nasdaq.com/articles/gbx-makes-notable-cross-below-critical-moving-average-0 | 2024-08-02 11:11:00 | Markets | In trading on Friday, shares of Greenbrier Companies Inc (Symbol: GBX) crossed below their 200 day moving average of $46.88, changing hands as low as $46.25 per share. Greenbrier Companies Inc shares are currently trading down about 7.4% on the day. The chart below shows the one year performance of GBX shares, versus its 200 day moving average: [Greenbrier Companies Inc 200 Day Moving Average Chart](https://secure.tickertech.com/pics/2024/478398005A1.gif) Looking at the chart above, GBX's low point in its 52 week range is $32 per share, with $58 as the 52 week high point — that compares with a last trade of $46.59. [Image](https://www.dividendchannel.com/nslideshow.gif) [Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »](https://www.dividendchannel.com/slideshows/ten-dividend-stocks-crossing-below-200-dma/) **Also see:** [Income Calendar](https://www.incomecalendar.com/) [Funds Holding WAVS](https://www.holdingschannel.com/funds/holding-wavs/) [PVAC YTD Return](https://www.ytdreturn.com/pvac/) | GBX Makes Notable Cross Below Critical Moving Average | News | BNK Invest | BNK Invest | 0.0554 | 50.36 | 51.0709 | 50.2747 | 46.3298 | 46.1976 | 46.3166 | 46.4136 | 46.1875 | 46.069 | 46.063 | 46.1547 | 46.1547 | 46.1542 | 45.7535 | 44.2261 | 45.4772 | 46.29 | 48.45 |
BTDR | Bitdeer Technologies Group | Finance | Finance: Consumer Services | https://www.nasdaq.com/articles/bitdeer-technologies-group-btdr-q2-earnings-preview-whats-cards | 2024-08-02 11:14:00 | Stocks|J | The market expects Bitdeer Technologies Group (BTDR) to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended June 2024. 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](https://www.zacks.com/stock/research/BTDR/earnings-calendar) 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](https://www.nasdaq.com/market-activity/earnings) 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 Estimate** This company is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents no change from the year-ago quarter.Revenues are expected to be $109.49 million, up 16.7% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has been revised 120% 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. **Earnings Whisper** Estimate 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](https://www.zacks.com/earnings/earnings-surprise-predictions/) (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](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), 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 BITDEER TEC GRP?**For BITDEER TEC GRP, 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 -25%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination makes it difficult to conclusively predict that BITDEER TEC GRP 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 BITDEER TEC GRP would post earnings of $0.08 per share when it actually produced earnings of $0.08, delivering no surprise. Over the last four quarters, the company has beaten consensus EPS estimates just once. **Bottom Line** An 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](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.BITDEER TEC GRP 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. **An Industry Player's Expected Results** Among the stocks in the Zacks Technology Services industry, Jacobs Solutions (J) is soon expected to post earnings of $1.95 per share for the quarter ended June 2024. This estimate indicates a year-over-year change of +7.1%. This quarter's revenue is expected to be $4.38 billion, up 4.7% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Jacobs Solutions has been revised 0.2% up to the current level. Nevertheless, the company now has an Earnings ESP of -0.68%, reflecting a lower Most Accurate Estimate.When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Jacobs Solutions will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_518_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315311)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315311)[Bitdeer Technologies Group (BTDR) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BTDR&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315311)[Jacobs Solutions Inc. (J) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=J&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315311)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315311/bitdeer-technologies-group-btdr-q2-earnings-preview-what-s-in-the-cards?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315311)[Zacks Investment Research](https://www.zacks.com/) | Bitdeer Technologies Group (BTDR) Q2 Earnings Preview: What's in the Cards? | News | Zacks | Zacks Equity Research | 0.0554 | 9.8268 | 9.3264 | 8.55649 | 7.55028 | 7.57368 | 7.78237 | 7.65263 | 7.39 | 7.1569 | 7.35954 | 7.3565 | 7.27226 | 7.25969 | 7.04873 | 7.09674 | 7.85857 | 6.46961 | 6.58593 |
EMBC | Embecta Corp. | Health Care | Medical/Dental Instruments | https://www.nasdaq.com/articles/earnings-preview-embecta-corp-embc-q3-earnings-expected-decline | 2024-08-02 11:14:00 | Stocks|PGNY | Wall Street expects a year-over-year decline in earnings on lower revenues when Embecta Corp. (EMBC) reports results for the quarter ended June 2024. 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 August 9. 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](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This company is expected to post quarterly earnings of $0.48 per share in its upcoming report, which represents a year-over-year change of -30.4%.Revenues are expected to be $270.51 million, down 5.5% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has been revised 2.73% 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. **Earnings Whisper** Estimate 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](https://www.zacks.com/earnings/earnings-surprise-predictions/) (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](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), 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 Embecta Corp. **For Embecta Corp.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 -2.76%.On the other hand, the stock currently carries a Zacks Rank of #3.So, this combination makes it difficult to conclusively predict that Embecta Corp. 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 Embecta Corp. Would post earnings of $0.43 per share when it actually produced earnings of $0.67, delivering a surprise of +55.81%. Over the last four quarters, the company has beaten consensus EPS estimates four times. **Bottom Line** An 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](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Embecta Corp. 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. **Expected Results of an Industry Player** Among the stocks in the Zacks Medical Services industry, Progyny (PGNY) is soon expected to post earnings of $0.36 per share for the quarter ended June 2024. This estimate indicates a year-over-year change of +140%. This quarter's revenue is expected to be $308.43 million, up 10.4% from the year-ago quarter. The consensus EPS estimate for Progyny has remained unchanged over the last 30 days. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of 14.95%.When combined with a Zacks Rank of #4 (Sell), this Earnings ESP makes it difficult to conclusively predict that Progyny will beat the consensus EPS estimate. The company beat consensus EPS estimates in each of the trailing four quarters.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_518_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315312)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315312)[Embecta Corp. (EMBC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=EMBC&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315312)[Progyny, Inc. (PGNY) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PGNY&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315312)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315312/earnings-preview-embecta-corp-embc-q3-earnings-expected-to-decline?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315312)[Zacks Investment Research](https://www.zacks.com/) | Earnings Preview: Embecta Corp. (EMBC) Q3 Earnings Expected to Decline | News | Zacks | Zacks Equity Research | 0.0554 | 15.6409 | 15.79 | 14.868 | 15.0127 | 14.9309 | 15.0277 | 15.2377 | 15.1739 | 15.2578 | 15.01 | 15.01 | 15.01 | 15.01 | 14.6067 | 14.2715 | 14.3894 | 14.2251 | 16.3401 |
CGC | Canopy Growth Corporation | Health Care | Medicinal Chemicals and Botanical Products | https://www.nasdaq.com/articles/canopy-growth-corporation-cgc-may-report-negative-earnings-know-trend-ahead-next-weeks | 2024-08-02 11:14:00 | Stocks|NVST | The market expects Canopy Growth Corporation (CGC) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended June 2024. 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 August 9, 2024, 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](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This company is expected to post quarterly loss of $0.31 per share in its upcoming report, which represents a year-over-year change of +22.5%.Revenues are expected to be $51.82 million, down 36% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has been revised 1.47% 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. **Earnings Whisper** Estimate 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](https://www.zacks.com/earnings/earnings-surprise-predictions/) (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](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), 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 Canopy Growth?**For Canopy Growth, 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 -8.51%.On the other hand, the stock currently carries a Zacks Rank of #2.So, this combination makes it difficult to conclusively predict that Canopy Growth 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 Canopy Growth would post a loss of $0.33 per share when it actually produced a loss of $0.28, delivering a surprise of +15.15%. Over the last four quarters, the company has beaten consensus EPS estimates two times. **Bottom Line** An 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](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Canopy Growth 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. **Expected Results of an Industry Player** Among the stocks in the Zacks Medical - Products industry, Envista (NVST) is soon expected to post earnings of $0.27 per share for the quarter ended June 2024. This estimate indicates a year-over-year change of -37.2%. This quarter's revenue is expected to be $647.99 million, down 2.2% from the year-ago quarter. The consensus EPS estimate for Envista has been revised 4.2% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -3.20%.When combined with a Zacks Rank of #5 (Strong Sell), this Earnings ESP makes it difficult to conclusively predict that Envista will beat the consensus EPS estimate. Over the last four quarters, the company surpassed EPS estimates just once.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_518_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315314)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315314)[Canopy Growth Corporation (CGC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CGC&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315314)[Envista Holdings Corporation (NVST) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=NVST&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315314)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315314/canopy-growth-corporation-cgc-may-report-negative-earnings-know-the-trend-ahead-of-next-week-s-release?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315314)[Zacks Investment Research](https://www.zacks.com/) | Canopy Growth Corporation (CGC) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release | News | Zacks | Zacks Equity Research | 0.0554 | 7.35618 | 7.56938 | 7.28819 | 6.54862 | 6.69501 | 6.69707 | 6.69718 | 6.74401 | 6.62307 | 6.5861 | 6.55532 | 6.53451 | 6.53038 | 6.2945 | 6.07261 | 6.3254 | 7.02123 | 5.18285 |
ECO | Okeanis Eco Tankers Corp. | Consumer Discretionary | Marine Transportation | https://www.nasdaq.com/articles/analysts-estimate-okeanis-eco-tankers-corp-eco-report-decline-earnings-what-look-out | 2024-08-02 11:14:00 | Stocks|ESEA | The market expects Okeanis Eco Tankers Corp. (ECO) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended June 2024. 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](https://www.zacks.com/stock/research/ECO/earnings-calendar) 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](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This company is expected to post quarterly earnings of $0.90 per share in its upcoming report, which represents a year-over-year change of -45.5%.Revenues are expected to be $100.71 million, down 15.9% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has been revised 2.38% 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. **Earnings Whisper** Estimate 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](https://www.zacks.com/earnings/earnings-surprise-predictions/) (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](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), 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 Okeanis Eco Tankers Corp. **For Okeanis Eco Tankers Corp.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 Okeanis Eco Tankers Corp. 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 Okeanis Eco Tankers Corp. Would post earnings of $1.10 per share when it actually produced earnings of $1.23, delivering a surprise of +11.82%. Over the last four quarters, the company has beaten consensus EPS estimates just once. **Bottom Line** An 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](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.Okeanis Eco Tankers Corp. 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. **An Industry Player's Expected Results** Among the stocks in the Zacks Transportation - Shipping industry, Euroseas Ltd. (ESEA) is soon expected to post earnings of $2.49 per share for the quarter ended June 2024. This estimate indicates a year-over-year change of -40.3%. This quarter's revenue is expected to be $49.33 million, up 0% from the year-ago quarter. The consensus EPS estimate for Euroseas has been revised 7.3% higher over the last 30 days to the current level. However, an equal Most Accurate Estimate has resulted in an Earnings ESP of 0.00%.When combined with a Zacks Rank of #4 (Sell), this Earnings ESP makes it difficult to conclusively predict that Euroseas will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_518_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315315)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315315)[Okeanis Eco Tankers Corp. (ECO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ECO&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315315)[Euroseas Ltd. (ESEA) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ESEA&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315315)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315315/analysts-estimate-okeanis-eco-tankers-corp-eco-to-report-a-decline-in-earnings-what-to-look-out-for?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315315)[Zacks Investment Research](https://www.zacks.com/) | Analysts Estimate Okeanis Eco Tankers Corp. (ECO) to Report a Decline in Earnings: What to Look Out for | News | Zacks | Zacks Equity Research | 0.0554 | 31.5867 | 32.4783 | 31.7212 | 29.6062 | 29.576 | 29.6241 | 29.8063 | 29.8454 | 29.3696 | 29.4028 | 29.91 | 29.91 | 29.8617 | 28.2648 | 28.8982 | 29.3015 | 31.6577 | 31.46 |
SMR | NuScale Power Corporation | Industrials | Metal Fabrications | https://www.nasdaq.com/articles/are-computer-and-technology-stocks-lagging-badger-meter-bmi-year | 2024-08-02 11:14:00 | Stocks|BMI | Investors interested in Computer and Technology stocks should always be looking to find the best-performing companies in the group. Has Badger Meter (BMI) been one of those stocks this year? Let's take a closer look at the stock's year-to-date performance to find out.Badger Meter is one of 618 individual stocks in the Computer and Technology sector. Collectively, these companies sit at #8 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Badger Meter is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past 90 days, the Zacks Consensus Estimate for BMI's full-year earnings has moved 4.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the most recent data, BMI has returned 30.9% so far this year. Meanwhile, stocks in the Computer and Technology group have gained about 18.2% on average. This means that Badger Meter is outperforming the sector as a whole this year.One other Computer and Technology stock that has outperformed the sector so far this year is NuScale Power Corporation (SMR). The stock is up 176.9% year-to-date.In NuScale Power Corporation's case, the consensus EPS estimate for the current year increased 14.1% over the past three months. The stock currently has a Zacks Rank #2 (Buy). Looking more specifically, Badger Meter belongs to the Instruments - Control industry, which includes 6 individual stocks and currently sits at #71 in the Zacks Industry Rank. Stocks in this group have gained about 8.8% so far this year, so BMI is performing better this group in terms of year-to-date returns.NuScale Power Corporation, however, belongs to the Electronics - Power Generation industry. Currently, this 5-stock industry is ranked #55. The industry has moved +18.6% so far this year.Investors with an interest in Computer and Technology stocks should continue to track Badger Meter and NuScale Power Corporation. These stocks will be looking to continue their solid performance. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_509_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_1-2315230)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_509&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_1-2315230)[Badger Meter, Inc. (BMI) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BMI&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_509&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_1-2315230)[NuScale Power Corporation (SMR) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SMR&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_509&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_1-2315230)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315230/are-computer-and-technology-stocks-lagging-badger-meter-bmi-this-year?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_1-2315230)[Zacks Investment Research](https://www.zacks.com/) | Are Computer and Technology Stocks Lagging Badger Meter (BMI) This Year? | News | Zacks | Zacks Equity Research | 0.0554 | 9.70738 | 10.2272 | 9.07028 | 8.36816 | 8.4193 | 8.39577 | 8.39577 | 8.39577 | 8.39577 | 8.39577 | 8.39577 | 8.39577 | 8.37939 | 7.99998 | 8.37816 | 8.72076 | 9.09048 | 1.63 |
HIVE | HIVE Blockchain Technologies Ltd. | Finance | Finance: Consumer Services | https://www.nasdaq.com/articles/will-hive-digital-technologies-hive-report-negative-q1-earnings-what-you-should-know-0 | 2024-08-02 11:16:00 | Stocks|OPRT | Wall Street expects a year-over-year increase in earnings on higher revenues when HIVE Digital Technologies (HIVE) reports results for the quarter ended June 2024. 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](https://www.zacks.com/stock/research/HIVE/earnings-calendar) 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](https://www.nasdaq.com/market-activity/earnings) it's worth handicapping the probability of a positive EPS surprise. **Zacks Consensus Estimate** This crypto currency mining company is expected to post quarterly loss of $0.08 per share in its upcoming report, which represents a year-over-year change of +55.6%.Revenues are expected to be $31.85 million, up 35.1% from the year-ago quarter. **Estimate Revisions Trend** The consensus EPS estimate for the quarter has been revised 17.65% 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. **Earnings Whisper** Estimate 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](https://www.zacks.com/earnings/earnings-surprise-predictions/) (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](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises), 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 HIVE Digital Technologies?**For HIVE Digital Technologies, 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 HIVE Digital Technologies 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 HIVE Digital Technologies 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 two times. **Bottom Line** An 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](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported.HIVE Digital Technologies 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. **An Industry Player's Expected Results** Among the stocks in the Zacks Financial - Miscellaneous Services industry, Oportun Financial Corporation (OPRT) is soon expected to post loss of $0.18 per share for the quarter ended June 2024. This estimate indicates a year-over-year change of -400%. This quarter's revenue is expected to be $246.12 million, down 7.7% from the year-ago quarter. Over the last 30 days, the consensus EPS estimate for Oportun Financial has been revised 66.7% up to the current level. Nevertheless, the company now has an Earnings ESP of 0.00%, reflecting an equal Most Accurate Estimate.When combined with a Zacks Rank of #1 (Strong Buy), this Earnings ESP makes it difficult to conclusively predict that Oportun Financial will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates two times.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORT_TALEOFTAPE_518_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315307)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315307)[HIVE Digital Technologies Ltd. (HIVE) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HIVE&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315307)[Oportun Financial Corporation (OPRT) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=OPRT&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_518&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315307)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315307/will-hive-digital-technologies-hive-report-negative-q1-earnings-what-you-should-know?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_9-2315307)[Zacks Investment Research](https://www.zacks.com/) | Will HIVE Digital Technologies (HIVE) Report Negative Q1 Earnings? What You Should Know | News | Zacks | Zacks Equity Research | 0.0554 | 3.75976 | 3.79568 | 3.51 | 3.1535 | 3.15607 | 3.21353 | 3.17389 | 3.16 | 3.08489 | 3.13198 | 3.05046 | 3.30066 | 3.29637 | 2.90147 | 2.70433 | 2.86939 | 3.07138 | 3.19021 |
WT | WisdomTree, Inc. | Finance | Investment Bankers/Brokers/Service | https://www.nasdaq.com/articles/best-momentum-stocks-buy-august-2nd | 2024-08-02 11:23:00 | Technology|BLFY|SVM | Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 2:**WisdomTree, Inc.** [WT](https://www.nasdaq.com/market-activity/stocks/wt): This financial services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.9% over the last 60 days. **WisdomTree, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/WT/price-consensus-chart?icid=chart-WT-price-consensus-chart)[WisdomTree, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/WT/price-consensus-chart?icid=chart-WT-price-consensus-chart) | [WisdomTree, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/wt) WisdomTree's shares gained 25.7% over the last three months compared with the S&P 500’s advanced of 6.2%. The company possesses a [Momentum Score](https://www.zacks.com/style-scores-education/) of A. **WisdomTree, Inc. Price** [](https://www.zacks.com/stock/chart/WT/fundamental/price?icid=chart-WT-fundamental/price)[WisdomTree, Inc. price](https://www.zacks.com/stock/chart/WT/fundamental/price?icid=chart-WT-fundamental/price) | [WisdomTree, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/wt)**Blue Foundry Bancorp** [BLFY](https://www.nasdaq.com/market-activity/stocks/blfy): This bank holding company for Blue Foundry Bank has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.9% over the last 60 days. **Blue Foundry Bancorp Price and Consensus** [](https://www.zacks.com/stock/chart/BLFY/price-consensus-chart?icid=chart-BLFY-price-consensus-chart)[Blue Foundry Bancorp price-consensus-chart](https://www.zacks.com/stock/chart/BLFY/price-consensus-chart?icid=chart-BLFY-price-consensus-chart) | [Blue Foundry Bancorp Quote](https://www.nasdaq.com/market-activity/stocks/blfy) Blue Foundry's shares gained 20.6% over the last three months compared with the S&P 500’s advanced of 6.3%. The company possesses a Momentum Score of B. **Blue Foundry Bancorp Price** [](https://www.zacks.com/stock/chart/BLFY/fundamental/price?icid=chart-BLFY-fundamental/price)[Blue Foundry Bancorp price](https://www.zacks.com/stock/chart/BLFY/fundamental/price?icid=chart-BLFY-fundamental/price) | [Blue Foundry Bancorp Quote](https://www.nasdaq.com/market-activity/stocks/blfy)**Silvercorp Metals Inc.** [SVM](https://www.nasdaq.com/market-activity/stocks/svm): This mineral exploration and mining company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.7% over the last 60 days. **Silvercorp Metals Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/SVM/price-consensus-chart?icid=chart-SVM-price-consensus-chart)[Silvercorp Metals Inc. price-consensus-chart](https://www.zacks.com/stock/chart/SVM/price-consensus-chart?icid=chart-SVM-price-consensus-chart) | [Silvercorp Metals Inc. Quote](https://www.nasdaq.com/market-activity/stocks/svm) Silvercorp's shares gained 53.5% over the last six months compared with the S&P 500’s advanced of 10.3%. The company possesses a Momentum Score of B. **Silvercorp Metals Inc. Price** [](https://www.zacks.com/stock/chart/SVM/fundamental/price?icid=chart-SVM-fundamental/price)[Silvercorp Metals Inc. price](https://www.zacks.com/stock/chart/SVM/fundamental/price?icid=chart-SVM-fundamental/price) | [Silvercorp Metals Inc. Quote](https://www.nasdaq.com/market-activity/stocks/svm) See the [full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) Learn more about the [Momentum score and how it is calculated here](https://www.zacks.com/education/stock-scorecard/momentum-trading). **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ZACKS1RANKADDITIONS_267_08022024&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2314888)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2314888) [Silvercorp Metals Inc. (SVM) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SVM&ADID=SYND_NASDAQ_TCK_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2314888)[Blue Foundry Bancorp (BLFY) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BLFY&ADID=SYND_NASDAQ_TCK_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2314888)[WisdomTree, Inc. (WT) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=WT&ADID=SYND_NASDAQ_TCK_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2314888)[To read this article on Zacks.com click here.](https://www.zacks.com/commentary/2314888/best-momentum-stocks-to-buy-for-august-2nd?cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2314888)[Zacks Investment Research](https://www.zacks.com/) | Best Momentum Stocks to Buy for August 2nd | News | Zacks | Zacks Equity Research | 0.0554 | 11.4692 | 11.85 | 11.6129 | 11.11 | 11.1229 | 11.0638 | 11.1446 | 11.0945 | 10.8571 | 11.0634 | 11.0747 | 11.0747 | 11.0403 | 10.4955 | 10.2997 | 9.86701 | 9.7378 | 10.14 |
ASIX | AdvanSix Inc. | Industrials | Major Chemicals | https://www.nasdaq.com/articles/heres-what-key-metrics-tell-us-about-advansix-asix-q2-earnings | 2024-08-02 11:23:00 | Technology | For the quarter ended June 2024, AdvanSix (ASIX) reported revenue of $453.48 million, up 6% over the same period last year. EPS came in at $1.55, compared to $1.25 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $426.8 million, representing a surprise of +6.25%. The company delivered an EPS surprise of +29.17%, with the consensus EPS estimate being $1.20. While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how AdvanSix performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: - **Sales- Nylon**: $103.22 million versus $95.60 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +11% change. - **Sales- Ammonium Sulfate**: $139.67 million versus $124.07 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +0.5% change. - **Sales- Chemical Intermediates**: $129.29 million versus $125.08 million estimated by two analysts on average. Compared to the year-ago quarter, this number represents a +6.5% change. - **Sales- Caprolactam**: $81.30 million versus the two-analyst average estimate of $82.05 million. The reported number represents a year-over-year change of +8.9%. [View all Key Company Metrics for AdvanSix here>>>](https://www.zacks.com/stock/research/ASIX/key-company-metrics-details?adid=ZCOM_ZP_ARTCAT_FUNDAMENTALANALYSIS_574_080224) Shares of AdvanSix have returned +20.7% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_FUNDAMENTALANALYSIS_574_08022024&cid=CS-NASDAQ-FT-fundamental_analysis|nfm-2315163)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_FUNDAMENTALANALYSIS_574&cid=CS-NASDAQ-FT-fundamental_analysis|nfm-2315163)[AdvanSix (ASIX) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ASIX&ADID=SYND_NASDAQ_TCK_FUNDAMENTALANALYSIS_574&cid=CS-NASDAQ-FT-fundamental_analysis|nfm-2315163)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315163/here-s-what-key-metrics-tell-us-about-advansix-asix-q2-earnings?cid=CS-NASDAQ-FT-fundamental_analysis|nfm-2315163)[Zacks Investment Research](https://www.zacks.com/) | Here's What Key Metrics Tell Us About AdvanSix (ASIX) Q2 Earnings | News | Zacks | Zacks Equity Research | 0.0554 | 27.5573 | 27.7229 | 26.7498 | 26.9755 | 26.9779 | 27.4769 | 27.4981 | 27.6471 | 27.1782 | 27.221 | 27.3276 | 27.5116 | 27.5005 | 25.5663 | 24.9252 | 27.5585 | 29.7203 | 29.56 |
SVM | Silvercorp Metals Inc. | Basic Materials | Precious Metals | https://www.nasdaq.com/articles/best-momentum-stocks-buy-august-2nd | 2024-08-02 11:23:00 | Unknown | Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, August 2:**WisdomTree, Inc.** [WT](https://www.nasdaq.com/market-activity/stocks/wt): This financial services company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.9% over the last 60 days. **WisdomTree, Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/WT/price-consensus-chart?icid=chart-WT-price-consensus-chart)[WisdomTree, Inc. price-consensus-chart](https://www.zacks.com/stock/chart/WT/price-consensus-chart?icid=chart-WT-price-consensus-chart) | [WisdomTree, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/wt) WisdomTree's shares gained 25.7% over the last three months compared with the S&P 500’s advanced of 6.2%. The company possesses a [Momentum Score](https://www.zacks.com/style-scores-education/) of A. **WisdomTree, Inc. Price** [](https://www.zacks.com/stock/chart/WT/fundamental/price?icid=chart-WT-fundamental/price)[WisdomTree, Inc. price](https://www.zacks.com/stock/chart/WT/fundamental/price?icid=chart-WT-fundamental/price) | [WisdomTree, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/wt)**Blue Foundry Bancorp** [BLFY](https://www.nasdaq.com/market-activity/stocks/blfy): This bank holding company for Blue Foundry Bank has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.9% over the last 60 days. **Blue Foundry Bancorp Price and Consensus** [](https://www.zacks.com/stock/chart/BLFY/price-consensus-chart?icid=chart-BLFY-price-consensus-chart)[Blue Foundry Bancorp price-consensus-chart](https://www.zacks.com/stock/chart/BLFY/price-consensus-chart?icid=chart-BLFY-price-consensus-chart) | [Blue Foundry Bancorp Quote](https://www.nasdaq.com/market-activity/stocks/blfy) Blue Foundry's shares gained 20.6% over the last three months compared with the S&P 500’s advanced of 6.3%. The company possesses a Momentum Score of B. **Blue Foundry Bancorp Price** [](https://www.zacks.com/stock/chart/BLFY/fundamental/price?icid=chart-BLFY-fundamental/price)[Blue Foundry Bancorp price](https://www.zacks.com/stock/chart/BLFY/fundamental/price?icid=chart-BLFY-fundamental/price) | [Blue Foundry Bancorp Quote](https://www.nasdaq.com/market-activity/stocks/blfy)**Silvercorp Metals Inc.** [SVM](https://www.nasdaq.com/market-activity/stocks/svm): This mineral exploration and mining company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.7% over the last 60 days. **Silvercorp Metals Inc. Price and Consensus** [](https://www.zacks.com/stock/chart/SVM/price-consensus-chart?icid=chart-SVM-price-consensus-chart)[Silvercorp Metals Inc. price-consensus-chart](https://www.zacks.com/stock/chart/SVM/price-consensus-chart?icid=chart-SVM-price-consensus-chart) | [Silvercorp Metals Inc. Quote](https://www.nasdaq.com/market-activity/stocks/svm) Silvercorp's shares gained 53.5% over the last six months compared with the S&P 500’s advanced of 10.3%. The company possesses a Momentum Score of B. **Silvercorp Metals Inc. Price** [](https://www.zacks.com/stock/chart/SVM/fundamental/price?icid=chart-SVM-fundamental/price)[Silvercorp Metals Inc. price](https://www.zacks.com/stock/chart/SVM/fundamental/price?icid=chart-SVM-fundamental/price) | [Silvercorp Metals Inc. Quote](https://www.nasdaq.com/market-activity/stocks/svm) See the [full list of top ranked stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) Learn more about the [Momentum score and how it is calculated here](https://www.zacks.com/education/stock-scorecard/momentum-trading). **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ZACKS1RANKADDITIONS_267_08022024&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2314888)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2314888) [Silvercorp Metals Inc. (SVM) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SVM&ADID=SYND_NASDAQ_TCK_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2314888)[Blue Foundry Bancorp (BLFY) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BLFY&ADID=SYND_NASDAQ_TCK_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2314888)[WisdomTree, Inc. (WT) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=WT&ADID=SYND_NASDAQ_TCK_ZACKS1RANKADDITIONS_267&cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2314888)[To read this article on Zacks.com click here.](https://www.zacks.com/commentary/2314888/best-momentum-stocks-to-buy-for-august-2nd?cid=CS-NASDAQ-FT-zacks_1_rank_additions|momentum_additions-2314888)[Zacks Investment Research](https://www.zacks.com/) | Best Momentum Stocks to Buy for August 2nd | News | Zacks | Zacks Equity Research | 0.0554 | 3.62542 | 3.67 | 3.54 | 3.31567 | 3.32402 | 3.3321 | 3.33339 | 3.28049 | 3.2856 | 3.33924 | 3.31702 | 3.31788 | 3.31052 | 3.17276 | 3.08511 | 3.19023 | 3.6353 | 3.79393 |
IAG | IAMGOLD Corporation | Basic Materials | Precious Metals | https://www.nasdaq.com/articles/are-basic-materials-stocks-lagging-carpenter-technology-crs-year-0 | 2024-08-02 11:23:00 | Stocks|CRS | For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Carpenter Technology (CRS) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? Let's take a closer look at the stock's year-to-date performance to find out.Carpenter Technology is a member of the Basic Materials sector. This group includes 236 individual stocks and currently holds a Zacks Sector Rank of #12. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst. The Zacks Rank emphasizes earnings estimates and estimate revisions to find stocks with improving earnings outlooks. This system has a long record of success, and these stocks tend to be on track to beat the market over the next one to three months. Carpenter Technology is currently sporting a Zacks Rank of #1 (Strong Buy).Over the past 90 days, the Zacks Consensus Estimate for CRS' full-year earnings has moved 14.3% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.Based on the latest available data, CRS has gained about 103.3% so far this year. In comparison, Basic Materials companies have returned an average of -3.8%. This shows that Carpenter Technology is outperforming its peers so far this year.Another Basic Materials stock, which has outperformed the sector so far this year, is Iamgold (IAG). The stock has returned 61.3% year-to-date.For Iamgold, the consensus EPS estimate for the current year has increased 140.3% over the past three months. The stock currently has a Zacks Rank #1 (Strong Buy). To break things down more, Carpenter Technology belongs to the Steel - Speciality industry, a group that includes 6 individual companies and currently sits at #71 in the Zacks Industry Rank. On average, stocks in this group have gained 52.9% this year, meaning that CRS is performing better in terms of year-to-date returns.In contrast, Iamgold falls under the Mining - Gold industry. Currently, this industry has 37 stocks and is ranked #55. Since the beginning of the year, the industry has moved +21.6%.Investors with an interest in Basic Materials stocks should continue to track Carpenter Technology and Iamgold. These stocks will be looking to continue their solid performance. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_509_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_1-2315227)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_509&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_1-2315227)[Carpenter Technology Corporation (CRS) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CRS&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_509&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_1-2315227)[Iamgold Corporation (IAG) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=IAG&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_509&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_1-2315227)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315227/are-basic-materials-stocks-lagging-carpenter-technology-crs-this-year?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_1-2315227)[Zacks Investment Research](https://www.zacks.com/) | Are Basic Materials Stocks Lagging Carpenter Technology (CRS) This Year? | News | Zacks | Zacks Equity Research | 0.0554 | 3.88049 | 4.10159 | 4.11197 | 3.89474 | 3.92847 | 3.92152 | 3.92109 | 3.87432 | 3.845 | 3.91724 | 3.89298 | 3.89298 | 3.89114 | 3.87774 | 3.71663 | 3.73991 | 5.13588 | 4.96829 |
SAVE | Spirit Airlines, Inc. | Consumer Discretionary | Air Freight/Delivery Services | https://www.nasdaq.com/articles/why-spirit-airlines-stock-flew-south-july | 2024-08-02 11:26:00 | Markets | The airline sector is beginning to feel a squeeze, and no one is under more pressure than **Spirit Airlines** [(NYSE: SAVE)](https://www.nasdaq.com/market-activity/stocks/save).Shares of the discount airline lost 17.8% in July, according to data provided by [S&P Global Market Intelligence](http://marketintelligence.spglobal.com/), after a mid-quarter update prompted discussions about a potential bankruptcy filing. **A bad situation could get worse** Spirit has been flying through a lot of headwinds. The company saw its planned acquisition by **JetBlue Airways** [fall apart due to regulatory concerns](https://www.fool.com/investing/2022/04/07/why-shares-of-jetblue-and-spirit-airlines-flew-in/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e1abf9ab-dd91-42dd-80a0-9188c08fd4e8), leaving Spirit to fly on its own at a time when demand for domestic fares is softening and pricing power is scarce.The [airline](https://www.fool.com/investing/stock-market/market-sectors/industrials/airline-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e1abf9ab-dd91-42dd-80a0-9188c08fd4e8) is also one of the carriers most exposed to an **RTX** [engine issue](https://www.fool.com/investing/2024/01/08/why-rtx-stock-fell-in-2023/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e1abf9ab-dd91-42dd-80a0-9188c08fd4e8), giving it less flexibility to adjust its capacity in response to demand.The predicament left many on Wall Street worried about Spirit's second-quarter results, causing a flurry of downgrades and price-target cuts early in July. On July 16 the airline confirmed those fears when it lowered its revenue view for the quarter.Spirit has a significant amount of debt that must be renegotiated in the months to come. Although most on Wall Street believe the airline will be able to negotiate a deal to extend the debt, the airline could be forced to file for bankruptcy if those negotiations do not go as planned. **Is Spirit Airlines stock a buy?**On Aug. 1 Spirit reported Q2 results that missed the lowered guidance, causing the shares to fall further. CEO Ted Christie said that "significant industry capacity increases ... have made it difficult to increase yields, resulting in disappointing revenue results." The shares fell a further 8% on the news, extending July's declines.Investors who are hopeful of calling a bottom should be cautious. Creditors are likely to work with Spirit on its debt issues, and the airline has a good chance of avoiding an equity-destroying bankruptcy at least for now. But the competitive pressures Spirit is facing are unlikely to ease any time soon, and it is difficult to see how this airline turns profitable in the foreseeable future.The issues are not confined to Spirit alone: As domestic demand softens, all carriers are feeling pressure. But airlines including Spirit that rely on U.S. leisure travel and don't have strong international alliances and established business accounts will feel the impact more than others.Spirit shares are cheap, but they are priced that way for a reason. Anyone considering buying in here should keep their seatbelts fastened in anticipation of turbulence and limit their investment to a small piece of a [well-diversified portfolio](https://www.fool.com/investing/how-to-invest/portfolio-diversification/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e1abf9ab-dd91-42dd-80a0-9188c08fd4e8). **Should you invest $1,000 in Spirit Airlines right now?**Before you buy stock in Spirit Airlines, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the ** [10 best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=df6a9ea4-6334-45e6-a0f1-5190fd07c6bb&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010917%26ftm_cam%3Dsa-bbn-evergreen%26ftm_veh%3Darticle_pitch_feed_partners%26ftm_pit%3D14065&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e1abf9ab-dd91-42dd-80a0-9188c08fd4e8)** for investors to buy now… and Spirit Airlines wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. **Consider when **Nvidia** made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, **you’d have $669,193******!***Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has **more than quadrupled****** the return of S&P 500 since 2002*.[See the 10 stocks »](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=df6a9ea4-6334-45e6-a0f1-5190fd07c6bb&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010917%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D14065%26ftm_veh%3Darticle_pitch_feed_partners%26company%3DSpirit%2520Airlines&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e1abf9ab-dd91-42dd-80a0-9188c08fd4e8)*Stock Advisor returns as of July 29, 2024 [Lou Whiteman](https://www.fool.com/author/16760/) has no position in any of the stocks mentioned. The Motley Fool recommends RTX. The Motley Fool has a [disclosure policy](https://www.fool.com/legal/fool-disclosure-policy/). | Why Spirit Airlines Stock Flew South in July | News | The Motley Fool | Lou Whiteman | 0.0554 | 2.89931 | 2.99611 | 2.7964 | 2.75379 | 2.80489 | 2.77427 | 2.77703 | 2.76239 | 2.72386 | 2.73561 | 2.75142 | 2.73995 | 2.73997 | 2.69435 | 2.57657 | 2.7363 | 2.79422 | 2.59945 |
ML | MoneyLion Inc. | Finance | Finance: Consumer Services | https://www.nasdaq.com/articles/moneylion-ml-buy-wall-street-analysts-look-optimistic | 2024-08-02 11:31:00 | Technology | Investors often turn to recommendations made by Wall Street analysts before making a Buy, Sell, or Hold decision about a stock. While media reports about rating changes by these brokerage-firm employed (or sell-side) analysts often affect a stock's price, do they really matter?Let's take a look at what these Wall Street heavyweights have to say about **MoneyLion Inc.** (ML) before we discuss the reliability of brokerage recommendations and how to use them to your advantage. MoneyLion currently has an average brokerage recommendation (ABR) of 1.25, on a scale of 1 to 5 (Strong Buy to Strong Sell), calculated based on the actual recommendations (Buy, Hold, Sell, etc.) made by four brokerage firms. An ABR of 1.25 approximates between Strong Buy and Buy.Of the four recommendations that derive the current ABR, three are Strong Buy and one is Buy. Strong Buy and Buy respectively account for 75% and 25% of all recommendations. **Brokerage Recommendation Trends for ML** [Broker Rating Breakdown Chart for ML](https://staticx-tuner.zacks.com/images/yesopchart/brokerage_bar/ML_08022024.png) [Check price target & stock forecast for MoneyLion here>>>](https://www.zacks.com/stock/research/ML/price-target-stock-forecast?adid=ZCOM_ZP_ARTCAT_FUNDAMENTALANALYSIS_573_080224) The ABR suggests buying MoneyLion, but making an investment decision solely on the basis of this information might not be a good idea. According to several studies, brokerage recommendations have little to no success guiding investors to choose stocks with the most potential for price appreciation.Are you wondering why? The vested interest of brokerage firms in a stock they cover often results in a strong positive bias of their analysts in rating it. Our research shows that for every "Strong Sell" recommendation, brokerage firms assign five "Strong Buy" recommendations.This means that the interests of these institutions are not always aligned with those of retail investors, giving little insight into the direction of a stock's future price movement. It would therefore be best to use this information to validate your own analysis or a tool that has proven to be highly effective at predicting stock price movements. With an impressive externally audited track record, our proprietary stock rating tool, the Zacks Rank, which classifies stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), is a reliable indicator of a stock's near -term price performance. So, validating the Zacks Rank with ABR could go a long way in making a profitable investment decision. **ABR Should Not Be Confused With Zacks Rank** In spite of the fact that Zacks Rank and ABR both appear on a scale from 1 to 5, they are two completely different measures.Broker recommendations are the sole basis for calculating the ABR, which is typically displayed in decimals (such as 1.28). The Zacks Rank, on the other hand, is a quantitative model designed to harness the power of earnings estimate revisions. It is displayed in whole numbers -- 1 to 5.It has been and continues to be the case that analysts employed by brokerage firms are overly optimistic with their recommendations. Because of their employers' vested interests, these analysts issue more favorable ratings than their research would support, misguiding investors far more often than helping them.On the other hand, earnings estimate revisions are at the core of the Zacks Rank. And empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Furthermore, the different grades of the Zacks Rank are applied proportionately across all stocks for which brokerage analysts provide earnings estimates for the current year. In other words, at all times, this tool maintains a balance among the five ranks it assigns.There is also a key difference between the ABR and Zacks Rank when it comes to freshness. When you look at the ABR, it may not be up-to-date. Nonetheless, since brokerage analysts constantly revise their earnings estimates to reflect changing business trends, and their actions get reflected in the Zacks Rank quickly enough, it is always timely in predicting future stock prices. **Is ML Worth Investing In?**Looking at the earnings estimate revisions for MoneyLion, the Zacks Consensus Estimate for the current year has remained unchanged over the past month at $1.45.Analysts' steady views regarding the company's earnings prospects, as indicated by an unchanged consensus estimate, could be a legitimate reason for the stock to perform in line with the broader market in the near term.The size of the recent change in the consensus estimate, along with three other factors related to earnings estimates, has resulted in a Zacks Rank #3 (Hold) for MoneyLion. You can see [the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>](https://www.zacks.com/stocks/buy-list/?adid=ZCOM_ZP_ARTCAT_FUNDAMENTALANALYSIS_573_080224&icid=blog-fundamental_analysis|average_broker_rating-ARTCAT|080224-ZP-commentary_blog-text-eoac) It may therefore be prudent to be a little cautious with the Buy-equivalent ABR for MoneyLion. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_FUNDAMENTALANALYSIS_573_08022024&cid=CS-NASDAQ-FT-fundamental_analysis|average_broker_rating-2315170)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_FUNDAMENTALANALYSIS_573&cid=CS-NASDAQ-FT-fundamental_analysis|average_broker_rating-2315170)[MoneyLion Inc. (ML) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ML&ADID=SYND_NASDAQ_TCK_FUNDAMENTALANALYSIS_573&cid=CS-NASDAQ-FT-fundamental_analysis|average_broker_rating-2315170)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315170/is-moneylion-ml-a-buy-as-wall-street-analysts-look-optimistic?cid=CS-NASDAQ-FT-fundamental_analysis|average_broker_rating-2315170)[Zacks Investment Research](https://www.zacks.com/) | Is MoneyLion (ML) a Buy as Wall Street Analysts Look Optimistic? | News | Zacks | Zacks Equity Research | 0.0554 | 68.6197 | 69.9223 | 65.1655 | 62.9429 | 63.688 | 63.8821 | 63.6828 | 62.9529 | 61.8685 | 42.4203 | 35.9747 | 35.9747 | 2.86277 | 57.1884 | 59.8307 | 47.3521 | 0.0871 | 45.6928 |
ENLT | Enlight Renewable Energy Ltd | Utilities | Electric Utilities: Central | https://www.nasdaq.com/articles/enlight-renewable-energy-enlt-shares-enter-oversold-territory | 2024-08-02 11:33:00 | Markets | In trading on Friday, shares of Enlight Renewable Energy Ltd (Symbol: ENLT) entered into oversold territory, changing hands as low as $14.37 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Enlight Renewable Energy Ltd, the RSI reading has hit 29.5 — by comparison, the universe of energy stocks covered by [Energy Stock Channel](https://www.energystockchannel.com/) currently has an average RSI of 47.6, the RSI of [WTI Crude Oil](https://www.energystockchannel.com/energy-prices/) is at 35.9, the RSI of [Henry Hub Natural Gas](https://www.energystockchannel.com/energy-prices/) is presently 35.7, and the [3-2-1 Crack Spread](https://www.energystockchannel.com/3-2-1-crack-spread/) RSI is 51.2. A bullish investor could look at ENLT's 29.5 reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side.Looking at a chart of one year performance (below), ENLT's low point in its 52 week range is $12.11 per share, with $20 as the 52 week high point — that compares with a last trade of $14.40. Enlight Renewable Energy Ltd shares are currently trading down about 2.5% on the day. [Enlight Renewable Energy Ltd 1 Year Performance Chart](https://secure.tickertech.com/pics/2024/15783355761.gif)[Image](https://www.dividendchannel.com/nslideshow.gif) [Click here to find out which 9 other oversold energy stocks you need to know about »](https://www.energystockchannel.com/slideshows/ten-oversold-energy-stocks/) **Also see:** [Top Stocks Held By Nelson Peltz](https://www.holdingschannel.com/top/stocks-held-by-nelson-peltz/) [BLK market cap history](https://www.marketcaphistory.com/blk/) [ANRZ Options Chain](https://www.stockoptionschannel.com/symbol/anrz/) | Enlight Renewable Energy (ENLT) Shares Enter Oversold Territory | News | BNK Invest | BNK Invest | 0.0554 | 15.5162 | 15.4857 | 14.7287 | 14.4087 | 14.4498 | 14.4431 | 14.4321 | 14.4911 | 14.5152 | 14.606 | 14.606 | 14.606 | 14.6067 | 14.6836 | 14.6517 | 15.2741 | 16.2153 | 16.7411 |
BBSI | Barrett Business Services, Inc. | Consumer Discretionary | Professional Services | https://www.nasdaq.com/articles/barrett-business-services-inc-bbsi-soars-52-week-high-time-cash-out | 2024-08-02 11:40:00 | Technology | Have you been paying attention to shares of **Barrett Business Services (BBSI)**? Shares have been on the move with the stock up 11.9% over the past month. The stock hit a new 52-week high of $37 in the previous session. Barrett Business Services has gained 26.6% since the start of the year compared to the 7.8% move for the Zacks Business Services sector and the 9.2% return for the Zacks Outsourcing industry. **What's Driving the Outperformance?**The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on July 31, 2024, Barrett reported EPS of $0.62 versus consensus estimate of $0.58 while it beat the consensus revenue estimate by 0.66%. For the current fiscal year, Barrett is expected to post earnings of $1.99 per share on $8.26 billion in revenues. This represents a 7.57% change in EPS on a 7.05% change in revenues. For the next fiscal year, the company is expected to earn $2.20 per share on $8.96 billion in revenues. This represents a year-over-year change of 10.68% and 8.47%, respectively. **Valuation Metrics** Barrett may be at a 52-week high right now, but what might the future hold for the stock? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level.On this front, we can look at the Zacks Style Scores, as these give investors a variety of ways to comb through stocks (beyond looking at the Zacks Rank of a security). These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.Barrett has a Value Score of A. The stock's Growth and Momentum Scores are B and F, respectively, giving the company a VGM Score of B.In terms of its value breakdown, the stock currently trades at 18.4X current fiscal year EPS estimates, which is a premium to the peer industry average of 17.6X. On a trailing cash flow basis, the stock currently trades at 16.8X versus its peer group's average of 12.2X. Additionally, the stock has a PEG ratio of 1.32. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective. **Zacks Rank** We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. Fortunately, Barrett currently has a Zacks Rank of #2 (Buy) thanks to rising earnings estimates.Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Barrett fits the bill. Thus, it seems as though Barrett shares could have a bit more room to run in the near term. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORT_52WEEKHIGH_08022024&cid=CS-NASDAQ-FT-52_week_high-2315114)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_52WEEKHIGH&cid=CS-NASDAQ-FT-52_week_high-2315114) [Barrett Business Services, Inc. (BBSI) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BBSI&ADID=SYND_NASDAQ_TCK_52WEEKHIGH&cid=CS-NASDAQ-FT-52_week_high-2315114) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315114/barrett-business-services-inc-bbsi-soars-to-52-week-high-time-to-cash-out?cid=CS-NASDAQ-FT-52_week_high-2315114)[Zacks Investment Research](https://www.zacks.com/) | Barrett Business Services, Inc. (BBSI) Soars to 52-Week High, Time to Cash Out? | News | Zacks | Zacks Equity Research | 0.0554 | 35.5453 | 36.5406 | 35.9662 | 36.0019 | 35.9048 | 35.9583 | 35.9996 | 36.2459 | 35.915 | 35.4494 | 35.4494 | 35.4494 | 35.4043 | 35.0295 | 34.2542 | 34.4923 | 34.58 | 36.5101 |
CGC | Canopy Growth Corporation | Health Care | Medicinal Chemicals and Botanical Products | https://www.nasdaq.com/articles/3-risky-stocks-are-cash-burning-machines | 2024-08-02 11:43:00 | Markets|NVDA|PLUG|SOUN | Investors should be wary when it comes to cash-burning companies. These are businesses that aren't generating positive cash flow from their day-to-day operations. Not only does that mean their operations aren't sustainable, but it might mean their future survival depends on new sources of funding. That includes new share offerings, which dilute investors and send stock prices crashing.Three cash-burning stocks that are particularly concerning are **Canopy Growth** [(NASDAQ: CGC)](https://www.nasdaq.com/market-activity/stocks/cgc), **Plug Power** [(NASDAQ: PLUG)](https://www.nasdaq.com/market-activity/stocks/plug), and **SoundHound AI** [(NASDAQ: SOUN)](https://www.nasdaq.com/market-activity/stocks/soun). **Canopy Growth** Canadian cannabis producer Canopy Growth has made a lot of changes over the years to slim down its business and cut costs, but it has failed to result in a sustainable, cash-generating operation. [Cannabis companies](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad) often like to show progress in terms of adjusted earnings numbers. But oftentimes, those calculations can be complex and make it difficult to determine whether the company really did well.One metric that doesn't lie is [operating cash flow](https://www.fool.com/terms/c/cash-flow-from-operating-activities/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad), the cash a company generates from its normal operations. This is what cannabis investors should focus on. And in its most recent fiscal year, which ended on March 31, Canopy Growth reported an outflow of cash from its day-to-day continuing operations totaling 228.4 million Canadian dollars. While it is an improvement from a year ago, when the cash burn totaled CA$394.4 million, this is a company that's still in deep trouble from a financial point of view. It had just CA$170.3 million in cash and cash equivalents as of the end of the quarter, and so it's no surprise the company announced an offering in June for $250 million, roughly a third of its market cap at recent prices.While Canopy Growth will desperately try to convince investors of its amazing growth opportunities in the U.S. market (which remains off-limits until the U.S. actually legalizes pot), investors shouldn't bother with this stock until it shows significantly more improvements in its cash flow. [This is a stock that faces a very risky and uncertain future](https://www.fool.com/investing/2024/07/24/will-canopy-growth-still-be-top-cannabis-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad). **Plug Power** Another company that recently announced an offering is Plug Power. The green energy business, which specializes in hydrogen solutions, hasn't proven that it can sustain its own operations. And regardless of which energy source may be the most promising one in the future, Plug Power may not necessarily be the one to profit from those opportunities if it can't keep its operations afloat.In July, the company announced a [$200 million stock offering](https://www.fool.com/investing/2024/07/21/plug-power-shares-sell-off-stock-offering-buy-dip/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad) that it plans to use for "general corporate purposes," which essentially can cover just about anything. But it suggests the same thing -- the company's operations aren't sustainable and it needs the offering to fill in holes in its financials. During just the first three months of 2024, Plug Power used up $167.7 million in its day-to-day operations. That's an improvement from the $276.9 million it burned through last year, but it's still a hefty figure nonetheless. Plug Power had $172.9 million in cash and cash equivalents as of the end of the quarter plus another $219.6 million in restricted cash on its books.The rapid cash burn Plug Power is experiencing is concerning. While the company believes it is [no longer facing a going concern risk](https://www.fool.com/investing/2024/03/01/plug-power-says-biggest-risk-resolved-buy-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad), I'm not convinced the company is in good enough financial shape to warrant any kind of an investment in its business right now. **SoundHound AI** Shares of SoundHound AI have more than doubled this year, but that isn't on the merits of its own operations. Instead, it was due to the hype surrounding an investment from chipmaker **Nvidia**. SoundHound's own financials leave much to be desired.The company is a relatively small player in what's a growing field of artificial intelligence (AI) companies. Its AI voice platform can supposedly transform the order-taking process at drive-thrus and be integrated into vehicles. But proving that its business is sustainable its still far from reality.While AI investors may love the 73% revenue growth SoundHound achieved in the first three months of the year, with sales hitting just under $11.6 million, it's still a fairly modest amount of revenue compared to many other [AI businesses](https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad). And the company's net loss was nearly 3 times the size of its top line, totaling more than $33 million. SoundHound's operating cash burn for the period also totaled $21.9 million, which was an increase from $14.5 million in the same period last year. SoundHound AI has some breathing room with $117.1 million in cash and cash equivalents as of the end of the period, but investors are taking a big chance on this risky stock as SoundHound hasn't proven that it's the real deal, or that it can grow its business without incurring deeper losses along the way. **Should you invest $1,000 in Canopy Growth right now?**Before you buy stock in Canopy Growth, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the ** [10 best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=afd9cc8d-0805-4377-9aa4-301577f5ae2f&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010917%26ftm_cam%3Dsa-bbn-evergreen%26ftm_veh%3Darticle_pitch_feed_partners%26ftm_pit%3D14065&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad)** for investors to buy now… and Canopy Growth wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. **Consider when **Nvidia** made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, **you’d have $669,193******!***Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has **more than quadrupled****** the return of S&P 500 since 2002*. [See the 10 stocks »](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=afd9cc8d-0805-4377-9aa4-301577f5ae2f&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010917%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D14065%26ftm_veh%3Darticle_pitch_feed_partners%26company%3DCanopy%2520Growth&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad)*Stock Advisor returns as of July 29, 2024 [David Jagielski](https://www.fool.com/author/20105/) has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a [disclosure policy](https://www.fool.com/legal/fool-disclosure-policy/). | 3 Risky Stocks That Are Cash-Burning Machines | News | The Motley Fool | David Jagielski | 0.0554 | 7.42042 | 7.60085 | 7.19 | 6.69521 | 6.75066 | 6.6968 | 6.80634 | 6.70702 | 6.62582 | 6.53478 | 6.59991 | 6.53451 | 6.53038 | 6.2945 | 6.16047 | 6.30323 | 7.02123 | 5.18285 |
SOUN | SoundHound AI, Inc. | Technology | Computer Software: Prepackaged Software | https://www.nasdaq.com/articles/3-risky-stocks-are-cash-burning-machines | 2024-08-02 11:43:00 | CGC|Markets|NVDA|PLUG | Investors should be wary when it comes to cash-burning companies. These are businesses that aren't generating positive cash flow from their day-to-day operations. Not only does that mean their operations aren't sustainable, but it might mean their future survival depends on new sources of funding. That includes new share offerings, which dilute investors and send stock prices crashing.Three cash-burning stocks that are particularly concerning are **Canopy Growth** [(NASDAQ: CGC)](https://www.nasdaq.com/market-activity/stocks/cgc), **Plug Power** [(NASDAQ: PLUG)](https://www.nasdaq.com/market-activity/stocks/plug), and **SoundHound AI** [(NASDAQ: SOUN)](https://www.nasdaq.com/market-activity/stocks/soun). **Canopy Growth** Canadian cannabis producer Canopy Growth has made a lot of changes over the years to slim down its business and cut costs, but it has failed to result in a sustainable, cash-generating operation. [Cannabis companies](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad) often like to show progress in terms of adjusted earnings numbers. But oftentimes, those calculations can be complex and make it difficult to determine whether the company really did well.One metric that doesn't lie is [operating cash flow](https://www.fool.com/terms/c/cash-flow-from-operating-activities/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad), the cash a company generates from its normal operations. This is what cannabis investors should focus on. And in its most recent fiscal year, which ended on March 31, Canopy Growth reported an outflow of cash from its day-to-day continuing operations totaling 228.4 million Canadian dollars. While it is an improvement from a year ago, when the cash burn totaled CA$394.4 million, this is a company that's still in deep trouble from a financial point of view. It had just CA$170.3 million in cash and cash equivalents as of the end of the quarter, and so it's no surprise the company announced an offering in June for $250 million, roughly a third of its market cap at recent prices.While Canopy Growth will desperately try to convince investors of its amazing growth opportunities in the U.S. market (which remains off-limits until the U.S. actually legalizes pot), investors shouldn't bother with this stock until it shows significantly more improvements in its cash flow. [This is a stock that faces a very risky and uncertain future](https://www.fool.com/investing/2024/07/24/will-canopy-growth-still-be-top-cannabis-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad). **Plug Power** Another company that recently announced an offering is Plug Power. The green energy business, which specializes in hydrogen solutions, hasn't proven that it can sustain its own operations. And regardless of which energy source may be the most promising one in the future, Plug Power may not necessarily be the one to profit from those opportunities if it can't keep its operations afloat.In July, the company announced a [$200 million stock offering](https://www.fool.com/investing/2024/07/21/plug-power-shares-sell-off-stock-offering-buy-dip/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad) that it plans to use for "general corporate purposes," which essentially can cover just about anything. But it suggests the same thing -- the company's operations aren't sustainable and it needs the offering to fill in holes in its financials. During just the first three months of 2024, Plug Power used up $167.7 million in its day-to-day operations. That's an improvement from the $276.9 million it burned through last year, but it's still a hefty figure nonetheless. Plug Power had $172.9 million in cash and cash equivalents as of the end of the quarter plus another $219.6 million in restricted cash on its books.The rapid cash burn Plug Power is experiencing is concerning. While the company believes it is [no longer facing a going concern risk](https://www.fool.com/investing/2024/03/01/plug-power-says-biggest-risk-resolved-buy-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad), I'm not convinced the company is in good enough financial shape to warrant any kind of an investment in its business right now. **SoundHound AI** Shares of SoundHound AI have more than doubled this year, but that isn't on the merits of its own operations. Instead, it was due to the hype surrounding an investment from chipmaker **Nvidia**. SoundHound's own financials leave much to be desired.The company is a relatively small player in what's a growing field of artificial intelligence (AI) companies. Its AI voice platform can supposedly transform the order-taking process at drive-thrus and be integrated into vehicles. But proving that its business is sustainable its still far from reality.While AI investors may love the 73% revenue growth SoundHound achieved in the first three months of the year, with sales hitting just under $11.6 million, it's still a fairly modest amount of revenue compared to many other [AI businesses](https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad). And the company's net loss was nearly 3 times the size of its top line, totaling more than $33 million. SoundHound's operating cash burn for the period also totaled $21.9 million, which was an increase from $14.5 million in the same period last year. SoundHound AI has some breathing room with $117.1 million in cash and cash equivalents as of the end of the period, but investors are taking a big chance on this risky stock as SoundHound hasn't proven that it's the real deal, or that it can grow its business without incurring deeper losses along the way. **Should you invest $1,000 in Canopy Growth right now?**Before you buy stock in Canopy Growth, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the ** [10 best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=afd9cc8d-0805-4377-9aa4-301577f5ae2f&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010917%26ftm_cam%3Dsa-bbn-evergreen%26ftm_veh%3Darticle_pitch_feed_partners%26ftm_pit%3D14065&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad)** for investors to buy now… and Canopy Growth wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. **Consider when **Nvidia** made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, **you’d have $669,193******!***Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has **more than quadrupled****** the return of S&P 500 since 2002*. [See the 10 stocks »](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=afd9cc8d-0805-4377-9aa4-301577f5ae2f&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010917%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D14065%26ftm_veh%3Darticle_pitch_feed_partners%26company%3DCanopy%2520Growth&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad)*Stock Advisor returns as of July 29, 2024 [David Jagielski](https://www.fool.com/author/20105/) has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a [disclosure policy](https://www.fool.com/legal/fool-disclosure-policy/). | 3 Risky Stocks That Are Cash-Burning Machines | News | The Motley Fool | David Jagielski | 0.0554 | 4.89831 | 5.09458 | 4.81793 | 4.5142 | 4.5142 | 4.5142 | 4.5142 | 4.5142 | 4.5142 | 4.5142 | 4.5142 | 4.5142 | 4.51282 | 4.35628 | 4.47049 | 4.30178 | 4.95425 | 4.89467 |
PLUG | Plug Power Inc. | Energy | Industrial Machinery/Components | https://www.nasdaq.com/articles/3-risky-stocks-are-cash-burning-machines | 2024-08-02 11:43:00 | CGC|Markets|NVDA|SOUN | Investors should be wary when it comes to cash-burning companies. These are businesses that aren't generating positive cash flow from their day-to-day operations. Not only does that mean their operations aren't sustainable, but it might mean their future survival depends on new sources of funding. That includes new share offerings, which dilute investors and send stock prices crashing.Three cash-burning stocks that are particularly concerning are **Canopy Growth** [(NASDAQ: CGC)](https://www.nasdaq.com/market-activity/stocks/cgc), **Plug Power** [(NASDAQ: PLUG)](https://www.nasdaq.com/market-activity/stocks/plug), and **SoundHound AI** [(NASDAQ: SOUN)](https://www.nasdaq.com/market-activity/stocks/soun). **Canopy Growth** Canadian cannabis producer Canopy Growth has made a lot of changes over the years to slim down its business and cut costs, but it has failed to result in a sustainable, cash-generating operation. [Cannabis companies](https://www.fool.com/investing/stock-market/market-sectors/healthcare/marijuana-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad) often like to show progress in terms of adjusted earnings numbers. But oftentimes, those calculations can be complex and make it difficult to determine whether the company really did well.One metric that doesn't lie is [operating cash flow](https://www.fool.com/terms/c/cash-flow-from-operating-activities/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad), the cash a company generates from its normal operations. This is what cannabis investors should focus on. And in its most recent fiscal year, which ended on March 31, Canopy Growth reported an outflow of cash from its day-to-day continuing operations totaling 228.4 million Canadian dollars. While it is an improvement from a year ago, when the cash burn totaled CA$394.4 million, this is a company that's still in deep trouble from a financial point of view. It had just CA$170.3 million in cash and cash equivalents as of the end of the quarter, and so it's no surprise the company announced an offering in June for $250 million, roughly a third of its market cap at recent prices.While Canopy Growth will desperately try to convince investors of its amazing growth opportunities in the U.S. market (which remains off-limits until the U.S. actually legalizes pot), investors shouldn't bother with this stock until it shows significantly more improvements in its cash flow. [This is a stock that faces a very risky and uncertain future](https://www.fool.com/investing/2024/07/24/will-canopy-growth-still-be-top-cannabis-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad). **Plug Power** Another company that recently announced an offering is Plug Power. The green energy business, which specializes in hydrogen solutions, hasn't proven that it can sustain its own operations. And regardless of which energy source may be the most promising one in the future, Plug Power may not necessarily be the one to profit from those opportunities if it can't keep its operations afloat.In July, the company announced a [$200 million stock offering](https://www.fool.com/investing/2024/07/21/plug-power-shares-sell-off-stock-offering-buy-dip/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad) that it plans to use for "general corporate purposes," which essentially can cover just about anything. But it suggests the same thing -- the company's operations aren't sustainable and it needs the offering to fill in holes in its financials. During just the first three months of 2024, Plug Power used up $167.7 million in its day-to-day operations. That's an improvement from the $276.9 million it burned through last year, but it's still a hefty figure nonetheless. Plug Power had $172.9 million in cash and cash equivalents as of the end of the quarter plus another $219.6 million in restricted cash on its books.The rapid cash burn Plug Power is experiencing is concerning. While the company believes it is [no longer facing a going concern risk](https://www.fool.com/investing/2024/03/01/plug-power-says-biggest-risk-resolved-buy-stock/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad), I'm not convinced the company is in good enough financial shape to warrant any kind of an investment in its business right now. **SoundHound AI** Shares of SoundHound AI have more than doubled this year, but that isn't on the merits of its own operations. Instead, it was due to the hype surrounding an investment from chipmaker **Nvidia**. SoundHound's own financials leave much to be desired.The company is a relatively small player in what's a growing field of artificial intelligence (AI) companies. Its AI voice platform can supposedly transform the order-taking process at drive-thrus and be integrated into vehicles. But proving that its business is sustainable its still far from reality.While AI investors may love the 73% revenue growth SoundHound achieved in the first three months of the year, with sales hitting just under $11.6 million, it's still a fairly modest amount of revenue compared to many other [AI businesses](https://www.fool.com/investing/stock-market/market-sectors/information-technology/ai-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad). And the company's net loss was nearly 3 times the size of its top line, totaling more than $33 million. SoundHound's operating cash burn for the period also totaled $21.9 million, which was an increase from $14.5 million in the same period last year. SoundHound AI has some breathing room with $117.1 million in cash and cash equivalents as of the end of the period, but investors are taking a big chance on this risky stock as SoundHound hasn't proven that it's the real deal, or that it can grow its business without incurring deeper losses along the way. **Should you invest $1,000 in Canopy Growth right now?**Before you buy stock in Canopy Growth, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the ** [10 best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=afd9cc8d-0805-4377-9aa4-301577f5ae2f&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010917%26ftm_cam%3Dsa-bbn-evergreen%26ftm_veh%3Darticle_pitch_feed_partners%26ftm_pit%3D14065&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad)** for investors to buy now… and Canopy Growth wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. **Consider when **Nvidia** made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, **you’d have $669,193******!***Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has **more than quadrupled****** the return of S&P 500 since 2002*. [See the 10 stocks »](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=afd9cc8d-0805-4377-9aa4-301577f5ae2f&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010917%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D14065%26ftm_veh%3Darticle_pitch_feed_partners%26company%3DCanopy%2520Growth&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=a999c33d-235a-4a80-86a0-ccf6cf2b6bad)*Stock Advisor returns as of July 29, 2024 [David Jagielski](https://www.fool.com/author/20105/) has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Nvidia. The Motley Fool has a [disclosure policy](https://www.fool.com/legal/fool-disclosure-policy/). | 3 Risky Stocks That Are Cash-Burning Machines | News | The Motley Fool | David Jagielski | 0.0554 | 2.36 | 2.49376 | 2.36669 | 2.2 | 2.2 | 2.2 | 2.2 | 2.2 | 2.2 | 2.2 | 2.2 | 2.2 | 2.18942 | 2.0629 | 2.08182 | 2.11149 | 2.18 | 1.91693 |
TSLX | Sixth Street Specialty Lending, Inc. | Finance | Investment Managers | https://www.nasdaq.com/articles/sixth-street-specialty-lending-enters-oversold-territory | 2024-08-02 11:47:00 | Markets | The [DividendRank](https://www.dividendchannel.com/dividend-rank/) formula at [Dividend Channel](https://www.dividendchannel.com/) ranks a coverage universe of thousands of dividend stocks, according to a proprietary formula designed to identify those stocks that combine two important characteristics — strong fundamentals and a valuation that looks inexpensive. Sixth Street Specialty Lending Inc (Symbol: TSLX) presently has an excellent rank, in the top 25% of the coverage universe, which suggests it is among the top most "interesting" ideas that merit further research by investors. But making Sixth Street Specialty Lending Inc an even more interesting and timely stock to look at, is the fact that in trading on Friday, shares of TSLX entered into oversold territory, changing hands as low as $20.38 per share. We define oversold territory using the Relative Strength Index, or RSI, which is a technical analysis indicator used to measure momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In the case of Sixth Street Specialty Lending Inc, the RSI reading has hit 29.0 — by comparison, the universe of dividend stocks covered by [Dividend Channel](https://www.dividendchannel.com/) currently has an average RSI of 49.5. A falling stock price — all else being equal — creates a better opportunity for dividend investors to capture a higher yield. Indeed, TSLX's recent annualized dividend of 1.84/share (currently paid in quarterly installments) works out to an annual yield of 8.83% based upon the recent $20.84 share price.A bullish investor could look at TSLX's 29.0 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. Among the fundamental datapoints dividend investors should investigate to decide if they are bullish on TSLX is its dividend history. In general, dividends are not always predictable; but, looking at the history chart below can help in judging whether the most recent dividend is likely to continue. [TSLX+Dividend+History+Chart](https://secure.tickertech.com/pics/2024/31018254891.gif)[Image](https://www.dividendchannel.com/nslideshow.gif) [Click here to find out what 9 other oversold dividend stocks you need to know about »](https://www.dividendchannel.com/slideshows/ten-oversold-dividend-stocks/) **Also see:** [ETFs Holding IRMD](https://www.etfchannel.com/symbol/irmd/) [PSFE YTD Return](https://www.ytdreturn.com/psfe/) [AXLA Split History](https://www.splithistory.com/axla/) | Sixth Street Specialty Lending Enters Oversold Territory | News | BNK Invest | BNK Invest | 0.0554 | 21.0244 | 20.8223 | 20.765 | 20.4515 | 20.4634 | 20.4852 | 20.5335 | 20.4856 | 20.462 | 20.4995 | 20.4995 | 20.4995 | 20.4715 | 19.8859 | 19.8529 | 20.1992 | 20.792 | 21.2269 |
MFA | MFA Financial, Inc. | Real Estate | Real Estate Investment Trusts | https://www.nasdaq.com/articles/mfa-financial-breaks-below-200-day-moving-average-notable-mfa | 2024-08-02 11:47:00 | Markets | In trading on Friday, shares of MFA Financial, Inc. (Symbol: MFA) crossed below their 200 day moving average of $10.81, changing hands as low as $10.69 per share. MFA Financial, Inc. shares are currently trading down about 2.5% on the day. The chart below shows the one year performance of MFA shares, versus its 200 day moving average: [MFA Financial, Inc. 200 Day Moving Average Chart](https://secure.tickertech.com/pics/2024/28018565191.gif) Looking at the chart above, MFA's low point in its 52 week range is $8.41 per share, with $11.90 as the 52 week high point — that compares with a last trade of $10.68. [Image](https://www.dividendchannel.com/nslideshow.gif) [Click here to find out which 9 other dividend stocks recently crossed below their 200 day moving average »](https://www.dividendchannel.com/slideshows/ten-dividend-stocks-crossing-below-200-dma/) **Also see:** [GURE Split History](https://www.splithistory.com/gure/) [EFTR Stock Predictions](https://www.topdividends.com/eftr-stock-predictions/) [SOMX Videos](https://www.marketnewsvideo.com/symbol/somx/) | MFA Financial Breaks Below 200-Day Moving Average - Notable for MFA | News | BNK Invest | BNK Invest | 0.0554 | 11.2034 | 13.5417 | 10.9653 | 12.0509 | 11.9185 | 10.8007 | 14.808 | 10.8837 | 10.8297 | 10.838 | 11.5814 | 11.59 | 22.6029 | 11.2747 | 11.0579 | 10.6111 | 23.45 | 23.37 |
IMTX | Immatics N.V. | Health Care | Biotechnology: Biological Products (No Diagnostic Substances) | https://www.nasdaq.com/articles/perrigo-prgo-beats-q2-earnings-lags-sales-cuts-view | 2024-08-02 11:48:00 | Stocks|PRGO|TRDA|HALO | **Perrigo Company plc** [PRGO](https://www.nasdaq.com/market-activity/stocks/prgo) reported adjusted earnings of 53 cents per share in the second quarter of 2024, beating the Zacks Consensus Estimate of 48 cents. Earnings were down 15.9% year over year due to discrete tax benefits of nine cents per share in the year-ago period and a negative financial impact of 14 cents from infant formula.Net sales declined 10.7% year over year to $1.07 billion, missing the Zacks Consensus Estimate of $1.13 billion. The downside was due to lower net sales of infant formula and lower net sales across the Upper Respiratory and Pain & Sleep Aids categories. During the quarter, sales dropped 0.6% on account of exited product lines and 0.9% due to unfavorable currency movement. At constant currency (excluding foreign currency translation), sales fell 9.8%. Organic net sales (excluding the effects of acquisitions and divestitures and the impact of currency) were down 9.1% year over year. **Segment Discussion** Perrigo reports its results under the following segments — Consumer Self Care Americas (CSCA) and Consumer Self Care International (CSCI). **CSCA:**The segment’s net sales in the second quarter of 2024 came in at $634 million, down 15.5% year over year. The downside was due to lower net sales of infant formula and lower net sales across the Upper Respiratory and Pain & Sleep Aids categories. Organic net sales fell 15.1%. **CSCI:** The segment reported net sales of $431 million, down 2.5% from the year-ago period’s levels, due to product line exits and unfavorable currency movements. This fall was partially offset by growth in the Skin Care and Women's Health categories, strategic pricing actions and new products. At constant-currency rates, sales were down 0.1% year over year. Organically, sales increased 1.0%. **2024 Guidance** Perrigo revised its guidance for sales. Management now expects total net sales growth to decline 3-5% year over year, compared to the previously issued flat year-over-year guidance. Per management, this downward revision was primarily due to lower seasonal demand experienced in the first half of 2024 and expected lower distribution in U.S. store brand in the second half of 2024. Shares fell 3% in pre-market trading on Aug 2, likely due to this cut. Year to date, shares of Perrigo have lost 12.5% against the [industry](https://www.zacks.com/stocks/industry-rank/industry/medical-products-104)’s 5.6 % growth.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/cd/73216.jpg?v=752374669) Image Source: Zacks Investment ResearchManagement reiterated the rest of its financial guidance. Adjusted earnings per share (EPS) are expected to be between $2.50 and $2.65. The adjusted tax rate is expected to be around 20.5%. Perrigo expects to record interest expenses of about $180 million. **Perrigo Company plc Price** [](https://www.zacks.com/stock/chart/PRGO/fundamental/price?icid=chart-PRGO-fundamental/price)[Perrigo Company plc price](https://www.zacks.com/stock/chart/PRGO/fundamental/price?icid=chart-PRGO-fundamental/price) | [Perrigo Company plc Quote](https://www.nasdaq.com/market-activity/stocks/prgo)******Zacks Rank & Key Picks** Perrigo currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the healthcare sector are **Entrada Therapeutics** [TRDA](https://www.nasdaq.com/market-activity/stocks/trda), **Immatics** [IMTX](https://www.nasdaq.com/market-activity/stocks/imtx) and **Halozyme Therapeutics** [HALO](https://www.nasdaq.com/market-activity/stocks/halo), each sporting a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). In the past 60 days, estimates for Entrada Therapeutics’ 2024 loss per share have improved from 14 cents to 13 cents. Estimates for 2025 have improved from $3.44 to $3.21 during the same period. Year to date, shares of Entrada Therapeuticshave risen 5.8%.Earnings of Entrada Therapeutics beat estimates in two of the last four quarters while missing the mark on two other occasions. Entrada delivered a four-quarter average earnings surprise of 42.18%.In the past 60 days, the loss per share estimates for Immatics have improved from $1.26 to $1.25 for 2024. During the same period, loss estimates for 2025 have improved from $1.49 to $1.41. Year to date, shares of IMTX have risen 12.2%.Earnings of Immatics beat estimates in three of the last four quarters while meeting the mark on one occasion, delivering a four-quarter average earnings surprise of 32.57%.In the past 60 days, the Zacks Consensus Estimate for Halozyme Therapeutics’ 2024 earnings has risen from $3.69 per share to $3.90. For 2025, earnings estimates have increased from $4.50 to $4.81 in the past 60 days. Year to date, shares of HALO have surged 48.9%. Earnings of Halozyme beat estimates in three of the last four quarters while meeting the mark on one occasion, delivering a four-quarter average earnings surprise of 9.40%. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_210_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315439)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315439)[Perrigo Company plc (PRGO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=PRGO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315439)[Halozyme Therapeutics, Inc. (HALO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HALO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315439)[Immatics N.V. (IMTX) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=IMTX&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315439)[Entrada Therapeutics, Inc. (TRDA) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TRDA&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315439)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315439/perrigo-prgo-beats-on-q2-earnings-lags-sales-cuts-view?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315439)[Zacks Investment Research](https://www.zacks.com/) | Perrigo (PRGO) Beats on Q2 Earnings, Lags Sales, Cuts View | News | Zacks | Zacks Equity Research | 0.0554 | 12.0537 | 11.8139 | 11.9375 | 11.6119 | 11.6095 | 11.63 | 10.8208 | 11.662 | 11.5352 | 11.0536 | 11.0536 | 11.0536 | 3.05881 | 11.1037 | 11.39 | 11.3213 | 11.51 | 2.2229 |
YORW | The York Water Company | Utilities | Water Supply | https://www.nasdaq.com/articles/york-water-yorw-misses-q2-earnings-and-revenue-estimates | 2024-08-02 11:48:00 | Stocks|GWRS | York Water (YORW) came out with quarterly earnings of $0.35 per share, missing the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.45 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -22.22%. A quarter ago, it was expected that this purifying and distribution company would post earnings of $0.29 per share when it actually produced earnings of $0.30, delivering a surprise of 3.45%. Over the last four quarters, the company has surpassed consensus EPS estimates three times.York Water, which belongs to the Zacks Utility - Water Supply industry, posted revenues of $18.75 million for the quarter ended June 2024, missing the Zacks Consensus Estimate by 1.32%. This compares to year-ago revenues of $18.77 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.York Water shares have added about 6.6% since the beginning of the year versus the S&P 500's gain of 14.2%. **What's Next for York Water?**While York Water 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](https://www.zacks.com/stock/research/YORW/earnings-calendar), the estimate revisions trend for York Water: 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](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link).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 $0.48 on $19 million in revenues for the coming quarter and $1.61 on $74 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, Utility - Water Supply is currently in the bottom 32% 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. Global Water Resources, Inc. (GWRS), another stock in the same industry, has yet to report results for the quarter ended June 2024. The results are expected to be released on August 8.This company is expected to post quarterly earnings of $0.08 per share in its upcoming report, which represents a year-over-year change of +14.3%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Global Water Resources, Inc.'s revenues are expected to be $13.6 million, up 4.6% from the year-ago quarter. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_513_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-2315368)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-2315368)[The York Water Company (YORW) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=YORW&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-2315368)[Global Water Resources, Inc. (GWRS) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=GWRS&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_513&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-2315368) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315368/york-water-yorw-misses-q2-earnings-and-revenue-estimates?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_4-2315368)[Zacks Investment Research](https://www.zacks.com/) | York Water (YORW) Misses Q2 Earnings and Revenue Estimates | News | Zacks | Zacks Equity Research | 0.0554 | 40.6509 | 41.3168 | 40.7245 | 41.0779 | 40.7939 | 40.9506 | 41.0283 | 41.0005 | 41.0107 | 40.7857 | 40.7857 | 40.7857 | 40.8887 | 40.8814 | 39.3061 | 38.4618 | 38.5843 | 38.8607 |
TRDA | Entrada Therapeutics, Inc. | Health Care | Biotechnology: Pharmaceutical Preparations | https://www.nasdaq.com/articles/perrigo-prgo-beats-q2-earnings-lags-sales-cuts-view | 2024-08-02 11:48:00 | Stocks|IMTX|PRGO|HALO | **Perrigo Company plc** [PRGO](https://www.nasdaq.com/market-activity/stocks/prgo) reported adjusted earnings of 53 cents per share in the second quarter of 2024, beating the Zacks Consensus Estimate of 48 cents. Earnings were down 15.9% year over year due to discrete tax benefits of nine cents per share in the year-ago period and a negative financial impact of 14 cents from infant formula.Net sales declined 10.7% year over year to $1.07 billion, missing the Zacks Consensus Estimate of $1.13 billion. The downside was due to lower net sales of infant formula and lower net sales across the Upper Respiratory and Pain & Sleep Aids categories. During the quarter, sales dropped 0.6% on account of exited product lines and 0.9% due to unfavorable currency movement. At constant currency (excluding foreign currency translation), sales fell 9.8%. Organic net sales (excluding the effects of acquisitions and divestitures and the impact of currency) were down 9.1% year over year. **Segment Discussion** Perrigo reports its results under the following segments — Consumer Self Care Americas (CSCA) and Consumer Self Care International (CSCI). **CSCA:**The segment’s net sales in the second quarter of 2024 came in at $634 million, down 15.5% year over year. The downside was due to lower net sales of infant formula and lower net sales across the Upper Respiratory and Pain & Sleep Aids categories. Organic net sales fell 15.1%. **CSCI:** The segment reported net sales of $431 million, down 2.5% from the year-ago period’s levels, due to product line exits and unfavorable currency movements. This fall was partially offset by growth in the Skin Care and Women's Health categories, strategic pricing actions and new products. At constant-currency rates, sales were down 0.1% year over year. Organically, sales increased 1.0%. **2024 Guidance** Perrigo revised its guidance for sales. Management now expects total net sales growth to decline 3-5% year over year, compared to the previously issued flat year-over-year guidance. Per management, this downward revision was primarily due to lower seasonal demand experienced in the first half of 2024 and expected lower distribution in U.S. store brand in the second half of 2024. Shares fell 3% in pre-market trading on Aug 2, likely due to this cut. Year to date, shares of Perrigo have lost 12.5% against the [industry](https://www.zacks.com/stocks/industry-rank/industry/medical-products-104)’s 5.6 % growth.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/cd/73216.jpg?v=752374669) Image Source: Zacks Investment ResearchManagement reiterated the rest of its financial guidance. Adjusted earnings per share (EPS) are expected to be between $2.50 and $2.65. The adjusted tax rate is expected to be around 20.5%. Perrigo expects to record interest expenses of about $180 million. **Perrigo Company plc Price** [](https://www.zacks.com/stock/chart/PRGO/fundamental/price?icid=chart-PRGO-fundamental/price)[Perrigo Company plc price](https://www.zacks.com/stock/chart/PRGO/fundamental/price?icid=chart-PRGO-fundamental/price) | [Perrigo Company plc Quote](https://www.nasdaq.com/market-activity/stocks/prgo)******Zacks Rank & Key Picks** Perrigo currently has a Zacks Rank #3 (Hold). Some better-ranked stocks in the healthcare sector are **Entrada Therapeutics** [TRDA](https://www.nasdaq.com/market-activity/stocks/trda), **Immatics** [IMTX](https://www.nasdaq.com/market-activity/stocks/imtx) and **Halozyme Therapeutics** [HALO](https://www.nasdaq.com/market-activity/stocks/halo), each sporting a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). In the past 60 days, estimates for Entrada Therapeutics’ 2024 loss per share have improved from 14 cents to 13 cents. Estimates for 2025 have improved from $3.44 to $3.21 during the same period. Year to date, shares of Entrada Therapeuticshave risen 5.8%.Earnings of Entrada Therapeutics beat estimates in two of the last four quarters while missing the mark on two other occasions. Entrada delivered a four-quarter average earnings surprise of 42.18%.In the past 60 days, the loss per share estimates for Immatics have improved from $1.26 to $1.25 for 2024. During the same period, loss estimates for 2025 have improved from $1.49 to $1.41. Year to date, shares of IMTX have risen 12.2%.Earnings of Immatics beat estimates in three of the last four quarters while meeting the mark on one occasion, delivering a four-quarter average earnings surprise of 32.57%.In the past 60 days, the Zacks Consensus Estimate for Halozyme Therapeutics’ 2024 earnings has risen from $3.69 per share to $3.90. For 2025, earnings estimates have increased from $4.50 to $4.81 in the past 60 days. Year to date, shares of HALO have surged 48.9%. Earnings of Halozyme beat estimates in three of the last four quarters while meeting the mark on one occasion, delivering a four-quarter average earnings surprise of 9.40%. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_210_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315439)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315439)[Perrigo Company plc (PRGO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=PRGO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315439)[Halozyme Therapeutics, Inc. (HALO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HALO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315439)[Immatics N.V. (IMTX) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=IMTX&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315439)[Entrada Therapeutics, Inc. (TRDA) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TRDA&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315439)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315439/perrigo-prgo-beats-on-q2-earnings-lags-sales-cuts-view?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315439)[Zacks Investment Research](https://www.zacks.com/) | Perrigo (PRGO) Beats on Q2 Earnings, Lags Sales, Cuts View | News | Zacks | Zacks Equity Research | 0.0554 | 16.8686 | 17.0125 | 16.2057 | 14.8633 | 14.9542 | 14.8017 | 15.1201 | 14.9747 | 14.6791 | 14.75 | 14.75 | 14.75 | 14.7385 | 14.3041 | 14.296 | 14.4703 | 16.53 | 17.6998 |
IMTX | Immatics N.V. | Health Care | Biotechnology: Biological Products (No Diagnostic Substances) | https://www.nasdaq.com/articles/agio-q2-earnings-lag-stock-down-missing-pediatric-study-goal | 2024-08-02 11:48:00 | Stocks|AGIO|HALO|ALNY | **Agios Pharmaceuticals** [AGIO](https://www.nasdaq.com/market-activity/stocks/agio) reported a loss of $1.69 per share in second-quarter 2024, wider than the Zacks Consensus Estimate of a loss of $1.58. In the year-ago quarter, the company reported a loss of $1.51.AGIO reported revenues of $8.6 million, which missed the Zacks Consensus Estimate of $9.4 million. In the year-ago quarter, the company recorded revenues of $6.7 million. **Quarter in Detail** In the reported quarter, revenues were generated entirely from product revenues of Agios’ only marketed drug, Pyrukynd (mitapivat), which is approved for treating hemolytic anemia in adults with pyruvate kinase (PK) deficiency.Pyrukynd revenues were up 5% sequentially, driven primarily by increased patient demand. Per management, a total of 128 patients are on Pyrukynd therapy, up 7% from first-quarter 2024 levels.Research & development expenses rose 12% year over year to $77.4 million, driven by an increase in costs associated with the siRNA TMPRSS6 program in-licensed from **Alnylam Pharmaceuticals** [ALNY](https://www.nasdaq.com/market-activity/stocks/alny) last year. Agios intends to develop this in-licensed Alnylam candidate as a potential disease-modifying therapy for polycythemia vera, a rare and potentially-fatal hematologic disease.Selling, general and administrative expenses increased 17% year over year to $35.5 million. The upside was caused by the company’s commercial preparations for a potential launch of Pyrukynd in thalassemia indication.As of Jun 30, 2024, cash, cash equivalents and marketable securities totaled $645.3 million compared with $714.3 million as of Mar 31, 2024. **Pipeline & Other Updates** In a separate press release, Agios reported top-line results from the phase III ACTIVATE-KidsT study evaluating Pyrukynd in children aged one to less than 18 years with PK deficiency who are regularly transfused. The study did not meet the prespecified statistical criterion for the primary endpoint of transfusion reduction response. Shares were down 4.1% on Aug 1 due to this miss.Year to date, Agios’ shares have surged 99.8% compared to the [industry](https://www.zacks.com/stocks/industry-rank/industry/medical-products-104)’s 3.9% growth.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/76/73214.jpg?v=1126730645) Image Source: Zacks Investment ResearchHowever, management noted that the ACTIVATE-KidsT study results were clinically meaningful — 28.1% of patients in the mitapivat arm achieved the primary endpoint compared with 11.8% in the placebo arm. AGIO plans to present a detailed analysis of data from this study at a future medical meeting.Agios also evaluates Pyrukynd in the late-stage ACTIVATE-Kids study in children with PK deficiency who are not regularly transfused. Topline data from this study is expected in 2025. Apart from PK deficiency, Pyrukynd is also being developed for other hemolytic anemias, including SCD and thalassemia, in several label expansion studies.In first-half 2024, Agios reported encouraging data from two phase III studies, ENERGIZE and ENERGIZE-T, which evaluated Pyrukynd for alpha- or beta-thalassemia patients who are non-transfusion-dependent (NTD) and transfusion-dependent (NTD), respectively. Both studies achieved their primary and key secondary endpoints. Per management, these results strengthen Pyrukynd’s potential to become the first oral therapy for NTD and TD thalassemia patients. Based on data from the two studies, the company plans to seek label expansion from the FDA for Pyrukynd across all thalassemia sub-types before 2024-end.It plans to complete enrollment in the phase III portion of the RISE UP study investigating Pyrukynd in sickle cell disease (SCD) by 2024-end. Data readout from this portion is expected next year.Management intends to commercially launch Pyrukynd in thalassemia and SCD indications by 2025 and 2026, respectively.During the second quarter, Agios [entered](https://www.zacks.com/stock/news/2280876/agios-agio-up-23-on-selling-brain-cancer-drug-royalty) into a deal with Royalty Pharma to sell the royalty rights on potential net sales of vorasidenib, a brain cancer therapy. Per the deal, Agios will receive an upfront payment of $905 million if the FDA approves the drug. Vorasidenib was a part of its [oncology business that was sold ](https://www.zacks.com/stock/news/1195852/agios-agio-to-sell-oncology-drugs-to-servier-for-2b-stock-up) to France-based pharmaceutical company Servier in 2021. **Agios Pharmaceuticals, Inc. Price** [](https://www.zacks.com/stock/chart/AGIO/fundamental/price?icid=chart-AGIO-fundamental/price)[Agios Pharmaceuticals, Inc. price](https://www.zacks.com/stock/chart/AGIO/fundamental/price?icid=chart-AGIO-fundamental/price) | [Agios Pharmaceuticals, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/agio)******Zacks Rank & Key Picks** Agios currently carries a Zacks Rank #3 (Hold). Some better-ranked stocks in the healthcare sector are **Immatics** [IMTX](https://www.nasdaq.com/market-activity/stocks/imtx) and **Halozyme Therapeutics** [HALO](https://www.nasdaq.com/market-activity/stocks/halo), each sporting a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).In the past 60 days, the loss per share estimates for Immatics have improved from $1.26 to $1.25 for 2024. During the same period, loss estimates for 2025 have improved from $1.49 to $1.41. Year to date, shares of IMTX have risen 12.2%.Earnings of Immatics beat estimates in three of the last four quarters while meeting the mark on one occasion, delivering a four-quarter average earnings surprise of 32.57%.In the past 60 days, the Zacks Consensus Estimate for Halozyme Therapeutics’ 2024 earnings has risen from $3.69 per share to $3.90. For 2025, earnings estimates have increased from $4.50 to $4.81 in the past 60 days. Year to date, shares of HALO have surged 48.9%. Earnings of Halozyme beat estimates in three of the last four quarters while meeting the mark on one occasion, delivering a four-quarter average earnings surprise of 9.40%. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_210_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315441)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315441)[Alnylam Pharmaceuticals, Inc. (ALNY) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ALNY&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315441)[Halozyme Therapeutics, Inc. (HALO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HALO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315441)[Agios Pharmaceuticals, Inc. (AGIO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=AGIO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315441)[Immatics N.V. (IMTX) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=IMTX&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315441)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315441/agio-q2-earnings-lag-stock-down-on-missing-pediatric-study-goal?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315441)[Zacks Investment Research](https://www.zacks.com/) | AGIO Q2 Earnings Lag, Stock Down on Missing Pediatric Study Goal | News | Zacks | Zacks Equity Research | 0.0554 | 12.0537 | 11.8139 | 11.9375 | 11.6119 | 11.6095 | 11.63 | 10.8208 | 11.662 | 11.5352 | 11.0536 | 11.0536 | 11.0536 | 3.05881 | 11.1037 | 11.39 | 11.3213 | 11.51 | 2.2229 |
UPBD | Upbound Group, Inc. | Consumer Discretionary | Diversified Commercial Services | https://www.nasdaq.com/articles/upbound-upbd-q2-earnings-beat-estimates-revenues-increase-y-y | 2024-08-02 11:55:00 | Stocks|ANF|URBN|GPS | **Upbound Group, Inc.** [UPBD](https://www.nasdaq.com/market-activity/stocks/upbd), earlier known as Rent-A-Center, posted its second-quarter 2024 results, wherein both the top and bottom lines surpassed the Zacks Consensus Estimate. The company’s revenues increased year over year while earnings declined. Upbound reported a strong second-quarter performance with improved lease origination and customer payment trends, leading to earnings above internal projections despite challenging conditions. The company is optimistic about its platform's ability to support consumers and merchants facing financial constraints, prompting an upward revision of 2024 earnings targets. With strong first-half results and confidence in managing payment risks, Upbound sees a significant long-term market opportunity in serving financially underserved consumers.The stock has rallied 14.3% in the past three months compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/financial-leasing-companies-64)’s growth of 4.9%. **Upbound Group, Inc. Price, Consensus and EPS Surprise [](https://www.zacks.com/stock/chart/UPBD/price-consensus-eps-surprise-chart?icid=chart-UPBD-price-consensus-eps-surprise-chart)** [Upbound Group, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/UPBD/price-consensus-eps-surprise-chart?icid=chart-UPBD-price-consensus-eps-surprise-chart) | [Upbound Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/upbd) **Q2 in Detail** Upbound posted adjusted earnings of $1.04 per share, surpassing the Zacks Consensus Estimate of $1.02 per share. However, the bottom line dipped from $1.11 in the year-ago quarter.Total revenues of $1,076.5 million surpassed the consensus estimate of $1,038 million. The metric increased 9.9% year over year, mainly due to growth in rentals and fees revenues, as well as merchandise sales revenues.Adjusted EBITDA was $124.5 million, down 4.6% year over year. An increase in adjusted EBITDA from the Acima segment was negated by a decrease in the same metric from the Rent-A-Center segment and an increase in corporate expenses.The Zacks Rank #3 (Hold) company’s adjusted EBITDA margin dropped 170 basis points (bps) year over year to 11.6%. This decline was driven by a year-over-year dip in adjusted EBITDA margin at both Acima and Rent-A-Center.Segmental PerformanceRevenues in the Rent-A-Center segment increased 1.9% year over year to $474.9 million due to higher rentals and fees revenues and merchandise sales revenues. Same-store sales increased 2.6% year over year. This segment’s same-store lease portfolio value increased 1.4% year over year. Segmental adjusted EBITDA margin was 16.3%, decreasing 160 basis points from the prior year. This decline was mainly due to the higher labor benefits costs, delivery expenses and store technology investments. As of Jun 30, 2024, the unit had 1,784 locations.The Zacks Consensus Estimate for the Rent-A-Center segment’s revenues was pegged at $465.2 million for the quarter.Revenues at the Acima segment (formerly known as the Preferred Lease segment) increased 19% year over year to $552.8 million, mainly due to growth in both rentals and fee revenues, as well as merchandise sales revenues. Also, gross merchandise volume increased 21% due to an expansion of retail partner locations, productivity, and its direct-to-consumer offerings. The segment’s adjusted EBITDA margin decreased 210 bps to 14.7% from 16.8% in the year-ago period.The Zacks Consensus Estimate for the Acima segment’s revenues was pegged at $540.2 million for the quarter.Franchising revenues decreased 7.3% to $27.9 million, primarily due to lower inventory sales. As of Jun 30, 2024, Rent-A-Center had 419 franchise-operated locations.The Mexico segment’s revenues totaled $20.9 million, up 9.7% on a constant-currency basis. As of Jun 30, 2024, the unit had 131 company-operated locations.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/76/73193.jpg?v=1009344111) Image Source: Zacks Investment Research** Other Financial Aspects** Upbound ended the reported quarter with cash and cash equivalents of $82.5 million, net senior debt of $874.8 million, and stockholders' equity of $596.3 million. **Outlook** The company's strong financial performance in the second quarter is a positive sign for its prospects. It is well-positioned to continue growing in 2024 despite the challenging market conditions.UPBD expects to generate consolidated revenues of $4.10-$4.30 billion in 2024 compared with the previously mentioned $4.00-$4.20 billion. It reported revenues of $4 billion in 2023. Adjusted EBITDA, excluding SBC, is expected to be between $465 million and $485 million compared with the previously stated $455-$485 billion. In 2023, it reported an adjusted EBITDA of $455.7 million.Adjusted earnings for 2024 are expected to be $3.65-$4 per share compared with the previously stated $3.55 and $4, whereas it reported $3.55 in 2023.The company expects a free cash flow of $100-$130 million for 2024. **Eye These Solid Picks** Some better-ranked stocks in the retail space are **The Gap, Inc.** [GPS](https://www.nasdaq.com/market-activity/stocks/gps), **Abercrombie & Fitch Co.** [ANF](https://www.nasdaq.com/market-activity/stocks/anf) and **Urban Outfitters Inc.** [URBN](https://www.nasdaq.com/market-activity/stocks/urbn).Gap is a premier international specialty retailer that offers a diverse range of clothing, accessories and personal care products. It currently sports a Zacks Rank #1 (Strong Buy). You can see [the complete list of today’s Zacks #1 Rank stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link) The Zacks Consensus Estimate for Gap’s fiscal 2024 earnings and sales indicates growth of 22.4% and 0.2%, respectively, from fiscal 2023 reported figures. GPS has a trailing four-quarter average earnings surprise of 202.7%.Abercrombie is a specialty retailer of premium, high-quality casual apparel. It flaunts a Zacks Rank of 1 at present. ANF delivered a 28.9% earnings surprise in the last reported quarter.The consensus estimate for Abercrombie’s fiscal 2024 earnings and sales indicates growth of 48.9% and 11.1%, respectively, from the fiscal 2023 reported levels. ANF has a trailing four-quarter average earnings surprise of 210.3%.Urban Outfitters is a lifestyle specialty retailer that offers fashion apparel and accessories, footwear, home décor, and gift products. It currently has a Zacks Rank of 2 (Buy). The Zacks Consensus Estimate for Urban Outfitters’ fiscal 2024 earnings and sales indicates growth of 9.9% and 5.8%, respectively, from the year-ago actuals. URBN has a trailing four-quarter average earnings surprise of 16.9%. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_210_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315375)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315375)[Abercrombie & Fitch Company (ANF) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ANF&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315375)[The Gap, Inc. (GPS) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=GPS&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315375)[Urban Outfitters, Inc. (URBN) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=URBN&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315375)[Upbound Group, Inc. (UPBD) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UPBD&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315375)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315375/upbound-upbd-q2-earnings-beat-estimates-revenues-increase-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315375)[Zacks Investment Research](https://www.zacks.com/) | Upbound (UPBD) Q2 Earnings Beat Estimates, Revenues Increase Y/Y | News | Zacks | Zacks Equity Research | 0.0554 | 36.8322 | 37.8491 | 35.2745 | 34.7173 | 34.8152 | 34.9821 | 34.5977 | 34.127 | 34.1025 | 33.8072 | 33.8072 | 33.8072 | 33.7079 | 32.9801 | 32.8243 | 32.7194 | 31.2707 | 33.2054 |
ASPN | Aspen Aerogels, Inc. | Consumer Discretionary | RETAIL: Building Materials | https://www.nasdaq.com/articles/rsi-alert-aspen-aerogels-aspn-now-oversold | 2024-08-02 12:04:00 | Markets | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Aspen Aerogels Inc (Symbol: ASPN) entered into oversold territory, hitting an RSI reading of 25.4, after changing hands as low as $18.72 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 35.6. A bullish investor could look at ASPN's 25.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of ASPN shares: [Aspen Aerogels Inc 1 Year Performance Chart](https://secure.tickertech.com/pics/2024/660907681A1.gif) Looking at the chart above, ASPN's low point in its 52 week range is $5.325 per share, with $31.74 as the 52 week high point — that compares with a last trade of $19.23. [Image](https://www.dividendchannel.com/nslideshow.gif) [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/) **Also see:** [NFLX DMA](https://www.stockdma.com/nflx/) [INCO Videos](https://www.marketnewsvideo.com/symbol/inco/) [AEP Dividend History](https://www.dividendchannel.com/symbol/aep/) | RSI Alert: Aspen Aerogels (ASPN) Now Oversold | News | BNK Invest | BNK Invest | 0.0554 | 21.1405 | 20.8264 | 20.9346 | 19.1759 | 19.2031 | 19.3176 | 19.0654 | 19.14 | 18.88 | 19.3088 | 19.0031 | 19.0033 | 19.0033 | 18.8027 | 18.3496 | 19.4906 | 28.8895 | 28.7633 |
FOXF | Fox Factory Holding Corp. | Consumer Discretionary | Motor Vehicles | https://www.nasdaq.com/articles/compared-estimates-fox-factory-holding-foxf-q2-earnings-look-key-metrics | 2024-08-02 12:07:00 | Technology | For the quarter ended June 2024, Fox Factory Holding (FOXF) reported revenue of $348.49 million, down 13% over the same period last year. EPS came in at $0.38, compared to $1.21 in the year-ago quarter.The reported revenue represents a surprise of +0.55% over the Zacks Consensus Estimate of $346.58 million. With the consensus EPS estimate being $0.34, the EPS surprise was +11.76%. While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to determine their next move, some key metrics always offer a more accurate picture of a company's financial health.As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.Here is how Fox Factory Holding performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts: - **Net Sales- Aftermarket Applications Group**: $107.13 million versus $109.40 million estimated by two analysts on average. - **Net Sales- Powered Vehicles Group**: $117.80 million versus the two-analyst average estimate of $124 million. The reported number represents a year-over-year change of -16%. - **Net Sales- Specialty Sports Group**: $123.57 million versus the two-analyst average estimate of $112.60 million. The reported number represents a year-over-year change of +17.8%. [View all Key Company Metrics for Fox Factory Holding here>>>](https://www.zacks.com/stock/research/FOXF/key-company-metrics-details?adid=ZCOM_ZP_ARTCAT_FUNDAMENTALANALYSIS_574_080224) Shares of Fox Factory Holding have returned +2.3% over the past month versus the Zacks S&P 500 composite's -0.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_FUNDAMENTALANALYSIS_574_08022024&cid=CS-NASDAQ-FT-fundamental_analysis|nfm-2315398)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_FUNDAMENTALANALYSIS_574&cid=CS-NASDAQ-FT-fundamental_analysis|nfm-2315398)[Fox Factory Holding Corp. (FOXF) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=FOXF&ADID=SYND_NASDAQ_TCK_FUNDAMENTALANALYSIS_574&cid=CS-NASDAQ-FT-fundamental_analysis|nfm-2315398) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315398/compared-to-estimates-fox-factory-holding-foxf-q2-earnings-a-look-at-key-metrics?cid=CS-NASDAQ-FT-fundamental_analysis|nfm-2315398)[Zacks Investment Research](https://www.zacks.com/) | Compared to Estimates, Fox Factory Holding (FOXF) Q2 Earnings: A Look at Key Metrics | News | Zacks | Zacks Equity Research | 0.0554 | 53.4993 | 53.712 | 50.0243 | 43.8815 | 43.6914 | 43.6181 | 42.507 | 42.3913 | 41.48 | 43.1309 | 42.636 | 42.4236 | 42.4236 | 39.6747 | 40.8968 | 39.965 | 39.9029 | 40.777 |
OEC | Orion Engineered Carbons S.A. | Industrials | Major Chemicals | https://www.nasdaq.com/articles/oversold-conditions-orion-oec | 2024-08-02 12:08:00 | Markets | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Orion SA (Symbol: OEC) entered into oversold territory, hitting an RSI reading of 24.1, after changing hands as low as $17.60 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 35.6. A bullish investor could look at OEC's 24.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of OEC shares: [Orion SA 1 Year Performance Chart](https://secure.tickertech.com/pics/2024/10901951791.gif) Looking at the chart above, OEC's low point in its 52 week range is $17.60 per share, with $28.48 as the 52 week high point — that compares with a last trade of $17.84. [Image](https://www.dividendchannel.com/nslideshow.gif) [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/) **Also see:** [Historical Stock Price](https://www.historicalstockprice.com/) [TRTL Options Chain](https://www.stockoptionschannel.com/symbol/trtl/) [Institutional Holders of Alliant Energy](https://www.holdingschannel.com/institutional/holders-of-alliant-energy/) | Oversold Conditions For Orion (OEC) | News | BNK Invest | BNK Invest | 0.0554 | 23.8214 | 24.3877 | 23.5336 | 18.0788 | 17.6763 | 17.6469 | 17.2512 | 17.3958 | 17.88 | 17.9086 | 17.9677 | 17.9573 | 17.9573 | 17.7859 | 16.7794 | 17.7199 | 17.09 | 18.7773 |
LSPD | Lightspeed Commerce Inc. | Technology | Computer Software: Prepackaged Software | https://www.nasdaq.com/articles/lightspeed-commerce-becomes-oversold-lspd-1 | 2024-08-02 12:08:00 | Markets | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Lightspeed Commerce Inc (Symbol: LSPD) entered into oversold territory, hitting an RSI reading of 27.5, after changing hands as low as $11.98 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 35.6. A bullish investor could look at LSPD's 27.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of LSPD shares: [Lightspeed Commerce Inc 1 Year Performance Chart](https://secure.tickertech.com/pics/2024/39145907081.gif) Looking at the chart above, LSPD's low point in its 52 week range is $11.98 per share, with $21.71 as the 52 week high point — that compares with a last trade of $12.05. [Image](https://www.dividendchannel.com/nslideshow.gif) [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/) **Also see:** [ANDAU Historical Stock Prices](https://www.historicalstockprice.com/andau-historical-stock-prices/) [CPST Options Chain](https://www.stockoptionschannel.com/symbol/cpst/) [CNAM Videos](https://www.marketnewsvideo.com/symbol/cnam/) | Lightspeed Commerce Becomes Oversold (LSPD) | News | BNK Invest | BNK Invest | 0.0554 | 13.2765 | 13.5336 | 13.9459 | 12.13 | 12.0582 | 12.0746 | 11.8715 | 12.0069 | 11.9288 | 11.9724 | 12.0543 | 12.0502 | 12.0502 | 11.7921 | 11.7345 | 12.1917 | 13.3599 | 12.882 |
GOOS | Canada Goose Holdings Inc. | Consumer Discretionary | Apparel | https://www.nasdaq.com/articles/canada-goose-tse-goos-beats-estimates-investors-panic-regardless | 2024-08-02 12:08:00 | Stocks | Clothing retailer Canada Goose [(TSE:GOOS)](https://www.tipranks.com/stocks/tse:goos?utm_source=nasdaq.com&utm_medium=referral) [(GOOS)](https://www.tipranks.com/stocks/goos?utm_source=nasdaq.com&utm_medium=referral) pulled off a win with its latest earnings report, though investors didn’t exactly take the news well. In fact, they hauled stakes and headed for the door in an outright migration, taking over 4.5% of the company’s market cap with them in Thursday morning’s trading session. Canada Goose turned in a win, of sorts, in the earnings report, posting revenue of C$88.1 million. That represented a 3.3% gain and beat estimates of C$86.1 million. In addition, Canada Goose posted a loss of C$0.79 per share, but that was actually better news than expected, as analysts were looking for a loss of C$0.80 per share. China proved to be the biggest winner for Canada Goose, as the luxury market in China is still holding up, thanks possibly to the sheer bulk of its population. Even a declining luxury market in China is still a lot larger than luxury markets almost anywhere else; after all, China has roughly four times the population of the United States. ****A Market of Declining Choice**** While on the surface, these don’t look like the best of times for retailers in general, there is one silver lining: a declining market of choice. While many retailers were experimenting with paring back product lines in a bid to focus better and cut costs, that trend has picked up lately. Canada Goose is no different. It has been aggressively focusing its efforts on a relatively small number of items. It has also been working to bring out a line of products for warmer weather, which lets it branch out into different seasons instead of focusing exclusively on winter. That means more revenue streams and, hopefully, better results overall. ****Is Canada Goose Stock a Buy?**** Turning to Wall Street, analysts have a Hold consensus rating on GOOS stock based on one Buy, 10 Holds, and two Sells assigned in the past three months, as indicated by the graphic below. After a 33.77% [loss in its share price](https://www.tipranks.com/stocks/tse:goos?utm_source=nasdaq.com&utm_medium=referral) over the past year, the [average GOOS price target](https://www.tipranks.com/stocks/tse:goos/forecast?utm_source=nasdaq.com&utm_medium=referral) of C$17.86 per share implies 18.69% upside potential. [](https://www.tipranks.com/stocks/tse:goos/forecast?utm_source=nasdaq.com&utm_medium=referral) [See more TSE:GOOS analyst ratings](https://www.tipranks.com/stocks/tse:goos/forecast?utm_source=nasdaq.com&utm_medium=referral) [Disclosure](https://www.tipranks.com/legal/disclosure-1?utm_source=nasdaq.com&utm_medium=referral) | Canada Goose (TSE:GOOS) Beats Estimates, Investors Panic Regardless | News | TipRanks | Steve Anderson | 0.0554 | 11.376 | 11.6496 | 11.0658 | 10.558 | 10.5646 | 10.5672 | 10.6095 | 10.675 | 10.6431 | 10.6614 | 10.7093 | 10.6992 | 10.6992 | 10.6255 | 10.4428 | 10.6099 | 10.831 | 11.7159 |
AMBA | Ambarella, Inc. | Technology | Semiconductors | https://www.nasdaq.com/articles/ambarella-enters-oversold-territory-amba | 2024-08-02 12:08:00 | Markets | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Ambarella, Inc. (Symbol: AMBA) entered into oversold territory, hitting an RSI reading of 26.5, after changing hands as low as $43.425 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 35.6. A bullish investor could look at AMBA's 26.5 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of AMBA shares: [Ambarella, Inc. 1 Year Performance Chart](https://secure.tickertech.com/pics/2024/471420606A1.gif) Looking at the chart above, AMBA's low point in its 52 week range is $40.31 per share, with $78.31 as the 52 week high point — that compares with a last trade of $44.12. [Image](https://www.dividendchannel.com/nslideshow.gif) [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/) **Also see:** [Average Annual Return](https://www.averageannualreturn.com/) [GRRR Options Chain](https://www.stockoptionschannel.com/symbol/grrr/) [Institutional Holders of G](https://www.holdingschannel.com/institutional/holders-of-g/) | Ambarella Enters Oversold Territory (AMBA) | News | BNK Invest | BNK Invest | 0.0554 | 53.6952 | 52.5626 | 49.3094 | 44.1019 | 43.9081 | 43.8138 | 43.5135 | 42.7793 | 43.73 | 43.6719 | 45.1519 | 45.1045 | 45.1045 | 42.0755 | 42.2462 | 41.6227 | 47.57 | 58.4535 |
RXST | RxSight, Inc. | Health Care | Ophthalmic Goods | https://www.nasdaq.com/articles/rxsight-becomes-oversold-rxst-0 | 2024-08-02 12:20:00 | Markets | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of RxSight Inc (Symbol: RXST) entered into oversold territory, hitting an RSI reading of 28.1, after changing hands as low as $41.05 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 35.6. A bullish investor could look at RXST's 28.1 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of RXST shares: [RxSight Inc 1 Year Performance Chart](https://secure.tickertech.com/pics/2024/40400979661.gif) Looking at the chart above, RXST's low point in its 52 week range is $20.66 per share, with $66.54 as the 52 week high point — that compares with a last trade of $42.35. [Image](https://www.dividendchannel.com/nslideshow.gif) [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/) **Also see:** [HHT YTD Return](https://www.ytdreturn.com/hht/) [MTDR YTD Return](https://www.ytdreturn.com/mtdr/) [BLKC Options Chain](https://www.stockoptionschannel.com/symbol/blkc/) | RxSight Becomes Oversold (RXST) | News | BNK Invest | BNK Invest | 0.0554 | 44.9201 | 46.2459 | 44.2539 | 41.8722 | 42.3032 | 42.1767 | 41.9143 | 41.3657 | 41.77 | 41.77 | 41.77 | 41.7042 | 41.7042 | 40.6236 | 40.9629 | 48.3241 | 52.9076 | 56.376 |
UCTT | Ultra Clean Holdings, Inc. | Technology | Semiconductors | https://www.nasdaq.com/articles/ultra-clean-holdings-now-oversold-uctt | 2024-08-02 12:33:00 | Markets | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Ultra Clean Holdings Inc (Symbol: UCTT) entered into oversold territory, hitting an RSI reading of 26.7, after changing hands as low as $36.745 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 35.6. A bullish investor could look at UCTT's 26.7 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of UCTT shares: [Ultra Clean Holdings Inc 1 Year Performance Chart](https://secure.tickertech.com/pics/2024/979124783A1.gif) Looking at the chart above, UCTT's low point in its 52 week range is $22.15 per share, with $56.471 as the 52 week high point — that compares with a last trade of $37.30. [Free Report: Top 8%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Image](https://www.dividendchannel.com/nslideshow.gif) [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/) **Also see:** [Top Stocks Held By Leon Cooperman](https://www.holdingschannel.com/top/stocks-held-by-leon-cooperman/) [IBI Insider Buying](https://www.holdingschannel.com/insider-buying/ibi-insider-buying/) [SMFR Historical Stock Prices](https://www.historicalstockprice.com/smfr-historical-stock-prices/) | Ultra Clean Holdings is Now Oversold (UCTT) | News | BNK Invest | BNK Invest | 0.0554 | 44.9808 | 43.3823 | 39.6967 | 37.0834 | 36.8117 | 36.8281 | 36.6951 | 36.692 | 36.3 | 36.3 | 36.3 | 36.1988 | 36.1988 | 34.1943 | 36.0744 | 35.843 | 38.98 | 37.2898 |
MSEX | Middlesex Water Company | Utilities | Water Supply | https://www.nasdaq.com/articles/friday-sector-leaders-water-utilities-beverages-wineries | 2024-08-02 12:45:00 | Markets|BUD|CWT|COKE | In trading on Friday, water utilities shares were relative leaders, down on the day by about 0.8%. Leading the group were shares of Middlesex Water, up about 0.9% and shares of California Water Service Group up about 0.9% on the day. Also showing relative strength are beverages & wineries shares, down on the day by about 0.9% as a group, led by Anheuser-Busch InBev, trading higher by about 2.9% and Coca-Cola Consolidated, trading up by about 1.6% on Friday. [VIDEO: Friday Sector Leaders: Water Utilities, Beverages & Wineries](http://www.marketnewsvideo.com/story/202408/friday-sector-leaders-water-utilities-beverages-wineries-20240802leaderslagMS/) | Friday Sector Leaders: Water Utilities, Beverages & Wineries | News | BNK Invest | BNK Invest | 0.0554 | 64.9047 | 66.619 | 64.6043 | 67.5071 | 67.4737 | 67.506 | 66.7795 | 66.2306 | 66.6227 | 66.6227 | 66.6227 | 66.6227 | 66.6227 | 65.5544 | 63.4195 | 61.2092 | 61.0513 | 62.851 |
IMMR | Immersion Corporation | Technology | Computer peripheral equipment | https://www.nasdaq.com/articles/friday-sector-laggards-apparel-stores-computer-peripherals | 2024-08-02 12:45:00 | Unknown | In trading on Friday, apparel stores shares were relative laggards, down on the day by about 5.8%. Helping drag down the group were shares of Lulu's Fashion Lounge Holdings, down about 20.4% and shares of Boot Barn Holdings down about 10.6% on the day. Also lagging the market Friday are computer peripherals shares, down on the day by about 5.5% as a group, led down by Corsair Gaming, trading lower by about 14.1% and Immersion, trading lower by about 7%. [VIDEO: Friday Sector Laggards: Apparel Stores, Computer Peripherals](http://www.marketnewsvideo.com/story/202408/friday-sector-laggards-apparel-stores-computer-peripherals-20240802leaderslagLV/) | Friday Sector Laggards: Apparel Stores, Computer Peripherals | News | BNK Invest | BNK Invest | 0.0554 | 12.9248 | 12.6653 | 11.9605 | 11.2869 | 11.2431 | 11.23 | 11.1377 | 11.0496 | 11.3497 | 11.6615 | 11.0899 | 11.0349 | 11.0349 | 10.41 | 10.7948 | 10.4408 | 10.7263 | 9.44398 |
UEC | Uranium Energy Corp. | Basic Materials | Other Metals and Minerals | https://www.nasdaq.com/articles/fridays-etf-movers-icf-ura | 2024-08-02 12:45:00 | AMH|Markets|ICF|URA|ELS | In trading on Friday, the iShares Cohen & Steers REIT ETF is outperforming other ETFs, down about 0.1% on the day. Components of that ETF showing particular strength include shares of American Homes 4 Rent, up about 3.1% and shares of Equity Lifestyle Properties, up about 2.4% on the day. And underperforming other ETFs today is the Uranium ETF, off about 5.5% in Friday afternoon trading. Among components of that ETF with the weakest showing on Friday were shares of Uranium Energy, lower by about 10.3%, and shares of Denison Mines, lower by about 9.5% on the day. [VIDEO: Friday's ETF Movers: ICF, URA](http://www.marketnewsvideo.com/story/202408/friday-s-etf-movers-icf-ura-amh-els-uec-dml-ca-ura-icf-20240802etfotherAMHE/) | Friday's ETF Movers: ICF, URA | News | BNK Invest | BNK Invest | 0.0554 | 5.59604 | 5.90333 | 5.21516 | 4.79 | 4.79 | 4.79 | 4.79 | 4.79 | 4.79 | 4.79 | 4.79 | 4.78586 | 4.78586 | 4.69198 | 4.28 | 4.47322 | 4.85714 | 5.22769 |
SSRM | SSR Mining Inc. | Industrials | Precious Metals | https://www.nasdaq.com/articles/ssrm-vs-wpm-which-stock-better-value-option | 2024-08-02 12:46:00 | Stocks|WPM | Investors with an interest in Mining - Miscellaneous stocks have likely encountered both SSR Mining (SSRM) and Wheaton Precious Metals Corp. (WPM). But which of these two companies is the best option for those looking for undervalued stocks? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The Zacks Rank is a proven strategy that targets companies with positive earnings estimate revision trends, while our Style Scores work to grade companies based on specific traits. Right now, SSR Mining is sporting a Zacks Rank of #2 (Buy), while Wheaton Precious Metals Corp. has a Zacks Rank of #3 (Hold). This means that SSRM's earnings estimate revision activity has been more impressive, so investors should feel comfortable with its improving analyst outlook. But this is only part of the picture for value investors.Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.SSRM currently has a forward P/E ratio of 9.02, while WPM has a forward P/E of 42.41. We also note that SSRM has a PEG ratio of 0.51. This popular figure is similar to the widely-used P/E ratio, but the PEG ratio also considers a company's expected EPS growth rate. WPM currently has a PEG ratio of 2.18.Another notable valuation metric for SSRM is its P/B ratio of 0.25. The P/B is a method of comparing a stock's market value to its book value, which is defined as total assets minus total liabilities. By comparison, WPM has a P/B of 3.74. These metrics, and several others, help SSRM earn a Value grade of A, while WPM has been given a Value grade of D.SSRM has seen stronger estimate revision activity and sports more attractive valuation metrics than WPM, so it seems like value investors will conclude that SSRM is the superior option right now. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_512_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_3-2315434)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_512&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_3-2315434) [Silver Standard Resources Inc. (SSRM) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SSRM&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_512&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_3-2315434)[Wheaton Precious Metals Corp. (WPM) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=WPM&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_512&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_3-2315434) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315434/ssrm-vs-wpm-which-stock-is-the-better-value-option?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_3-2315434)[Zacks Investment Research](https://www.zacks.com/) | SSRM vs. WPM: Which Stock Is the Better Value Option? | News | Zacks | Zacks Equity Research | 0.0554 | 5.36828 | 5.5848 | 4.98304 | 4.80156 | 4.80032 | 4.78571 | 4.77265 | 4.76573 | 4.8798 | 4.92118 | 4.9221 | 4.91728 | 4.91728 | 4.70262 | 4.61088 | 4.41083 | 5.1309 | 5.19821 |
CSIQ | Canadian Solar Inc. | Technology | Semiconductors | https://www.nasdaq.com/articles/csiq-vs-enph-which-stock-better-value-option | 2024-08-02 12:46:00 | Stocks|ENPH | Investors interested in stocks from the Solar sector have probably already heard of Canadian Solar (CSIQ) and Enphase Energy (ENPH). But which of these two stocks is more attractive to value investors? We'll need to take a closer look to find out.Everyone has their own methods for finding great value opportunities, but our model includes pairing an impressive grade in the Value category of our Style Scores system with a strong Zacks Rank. The Zacks Rank favors stocks with strong earnings estimate revision trends, and our Style Scores highlight companies with specific traits. Canadian Solar has a Zacks Rank of #2 (Buy), while Enphase Energy has a Zacks Rank of #4 (Sell) right now. The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that CSIQ has an improving earnings outlook. But this is just one factor that value investors are interested in.Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.The Style Score Value grade factors in a variety of key fundamental metrics, including the popular P/E ratio, P/S ratio, earnings yield, cash flow per share, and a number of other key stats that are commonly used by value investors.CSIQ currently has a forward P/E ratio of 7.55, while ENPH has a forward P/E of 42.26. We also note that CSIQ has a PEG ratio of 0.30. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. ENPH currently has a PEG ratio of 2.67.Another notable valuation metric for CSIQ is its P/B ratio of 0.28. The P/B ratio pits a stock's market value against its book value, which is defined as total assets minus total liabilities. For comparison, ENPH has a P/B of 16.79. These are just a few of the metrics contributing to CSIQ's Value grade of A and ENPH's Value grade of D.CSIQ has seen stronger estimate revision activity and sports more attractive valuation metrics than ENPH, so it seems like value investors will conclude that CSIQ is the superior option right now. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_512_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_3-2315431)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_512&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_3-2315431) [Canadian Solar Inc. (CSIQ) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=CSIQ&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_512&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_3-2315431)[Enphase Energy, Inc. (ENPH) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ENPH&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_512&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_3-2315431)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315431/csiq-vs-enph-which-stock-is-the-better-value-option?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_3-2315431)[Zacks Investment Research](https://www.zacks.com/) | CSIQ vs. ENPH: Which Stock Is the Better Value Option? | News | Zacks | Zacks Equity Research | 0.0554 | 16.8576 | 16.6132 | 15.8419 | 14.8438 | 14.7685 | 14.65 | 14.5377 | 14.5545 | 14.565 | 14.4998 | 14.4602 | 14.4109 | 14.4109 | 14.0242 | 14.3881 | 14.2182 | 14.7885 | 12.6293 |
BBSI | Barrett Business Services, Inc. | Consumer Discretionary | Professional Services | https://www.nasdaq.com/articles/bbsi-or-payx-which-better-value-stock-right-now-0 | 2024-08-02 12:46:00 | Stocks|PAYX | Investors with an interest in Outsourcing stocks have likely encountered both Barrett Business Services (BBSI) and Paychex (PAYX). But which of these two stocks presents investors with the better value opportunity right now? Let's take a closer look.We have found that the best way to discover great value opportunities is to pair a strong Zacks Rank with a great grade in the Value category of our Style Scores system. The proven Zacks Rank emphasizes companies with positive estimate revision trends, and our Style Scores highlight stocks with specific traits. Right now, Barrett Business Services is sporting a Zacks Rank of #2 (Buy), while Paychex has a Zacks Rank of #3 (Hold). Investors should feel comfortable knowing that BBSI likely has seen a stronger improvement to its earnings outlook than PAYX has recently. But this is only part of the picture for value investors.Value investors are also interested in a number of tried-and-true valuation metrics that help show when a company is undervalued at its current share price levels.Our Value category highlights undervalued companies by looking at a variety of key metrics, including the popular P/E ratio, as well as the P/S ratio, earnings yield, cash flow per share, and a variety of other fundamentals that have been used by value investors for years.BBSI currently has a forward P/E ratio of 18.42, while PAYX has a forward P/E of 25.36. We also note that BBSI has a PEG ratio of 1.32. This figure is similar to the commonly-used P/E ratio, with the PEG ratio also factoring in a company's expected earnings growth rate. PAYX currently has a PEG ratio of 3.35.Another notable valuation metric for BBSI is its P/B ratio of 5.06. Investors use the P/B ratio to look at a stock's market value versus its book value, which is defined as total assets minus total liabilities. By comparison, PAYX has a P/B of 11.98. Based on these metrics and many more, BBSI holds a Value grade of A, while PAYX has a Value grade of D.BBSI has seen stronger estimate revision activity and sports more attractive valuation metrics than PAYX, so it seems like value investors will conclude that BBSI is the superior option right now. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_512_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_3-2315426)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_512&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_3-2315426) [Barrett Business Services, Inc. (BBSI) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BBSI&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_512&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_3-2315426)[Paychex, Inc. (PAYX) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=PAYX&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_512&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_3-2315426)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315426/bbsi-or-payx-which-is-the-better-value-stock-right-now?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_3-2315426)[Zacks Investment Research](https://www.zacks.com/) | BBSI or PAYX: Which Is the Better Value Stock Right Now? | News | Zacks | Zacks Equity Research | 0.0554 | 35.3829 | 36.6972 | 36.4261 | 36.229 | 36.2953 | 36.2999 | 36.259 | 36.1642 | 35.4494 | 35.4494 | 35.4494 | 35.4043 | 35.4043 | 35.0295 | 34.1219 | 34.6555 | 34.58 | 36.5101 |
TXO | TXO Partners L.P. | Energy | Oil & Gas Production | https://www.nasdaq.com/articles/will-txo-partners-lp-txo-beat-estimates-again-its-next-earnings-report | 2024-08-02 13:16:00 | Stocks | If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider TXO Partners LP (TXO). This company, which is in the Zacks Energy and Pipeline - Master Limited Partnerships industry, shows potential for another earnings beat.When looking at the last two reports, this company has recorded a strong streak of surpassing earnings estimates. The company has topped estimates by 157.21%, on average, in the last two quarters. For the last reported quarter, TXO Partners LP came out with earnings of $0.33 per share versus the Zacks Consensus Estimate of $0.24 per share, representing a surprise of 37.50%. For the previous quarter, the company was expected to post earnings of $0.26 per share and it actually produced earnings of $0.98 per share, delivering a surprise of 276.92%.With this earnings history in mind, recent estimates have been moving higher for TXO Partners LP. In fact, the Zacks [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) (Expected Surprise Prediction) for the company is positive, which is a great sign of an earnings beat, especially when you combine this metric with its nice Zacks Rank.Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce [a positive surprise nearly 70% of the time](https://www.zacks.com/stock/news/302256/zacks-earnings-esp-a-better-way-to-find-earnings-surprises). In other words, if you have 10 stocks with this combination, the number of stocks that beat the consensus estimate could be as high as seven.The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a version of the Zacks Consensus whose definition is related to change. The idea here is that analysts revising their estimates [right before an earnings release](https://www.zacks.com/stock/research/TXO/earnings-calendar) have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.TXO Partners LP currently has an Earnings ESP of +13.51%, which suggests that analysts have recently become bullish on the company's earnings prospects. This positive Earnings ESP when combined with the stock's Zacks Rank #1 (Strong Buy) indicates that another beat is possibly around the corner. When the Earnings ESP comes up negative, investors should note that this will reduce the predictive power of the metric. But, a negative value is not indicative of a stock's earnings miss.Many companies end up beating the consensus EPS estimate, though this is not the only reason why their shares gain. Additionally, some stocks may remain stable even if they end up missing the consensus estimate.Because of this, it's really important to check a company's Earnings ESP ahead of its quarterly release to increase the odds of success. Make sure to utilize our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_topnav_espfilter&icid=zpi_topnav_espfilter) to uncover the best stocks to buy or sell before they've reported. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_516_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-2315495)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-2315495)[TXO Partners LP (TXO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=TXO&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_516&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-2315495)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315495/will-txo-partners-lp-txo-beat-estimates-again-in-its-next-earnings-report?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_7-2315495)[Zacks Investment Research](https://www.zacks.com/) | Will TXO Partners LP (TXO) Beat Estimates Again in Its Next Earnings Report? | News | Zacks | Zacks Equity Research | 0.0554 | 20.4525 | 20.3098 | 20.6082 | 20.1879 | 20.1879 | 20.1879 | 20.0523 | 20.0523 | 20.0523 | 20.0523 | 20.0523 | 19.3501 | 19.5859 | 19.5001 | 19.2237 | 20.0686 | 20.38 | 20 |
SRCE | 1st Source Corporation | Finance | Major Banks | https://www.nasdaq.com/articles/1st-source-srce-great-momentum-stock-should-you-buy | 2024-08-02 13:16:00 | Stocks | Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the [Zacks Style Scores](https://www.zacks.com/education/stock-style-scores/momentum-trading), helps address this issue for us. Below, we take a look at **1st Source (SRCE)**, which currently has a Momentum Style Score of B. We also discuss some of the main drivers of the Momentum Style Score, like price change and earnings estimate revisions.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. 1st Source currently has a Zacks Rank of #1 (Strong Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of [Zacks #1 Rank Stocks here >>>](https://www.zacks.com/stocks/buy-list/?adid=zp_topnav_1list&icid=zpi_topnav_1list)**Set to Beat the Market?**Let's discuss some of the components of the Momentum Style Score for SRCE that show why this holding company for 1st Source Bank shows promise as a solid momentum pick.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For SRCE, shares are up 9.85% over the past week while the Zacks Banks - Midwest industry is up 4.87% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 18% compares favorably with the industry's 10.41% performance as well.While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Over the past quarter, shares of 1st Source have risen 19.62%, and are up 29.57% in the last year. In comparison, the S&P 500 has only moved 8.91% and 20.56%, respectively.Investors should also take note of SRCE's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. Right now, SRCE is averaging 126,609 shares for the last 20 days. **Earnings Outlook** The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with SRCE.Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost SRCE's consensus estimate, increasing from $4.84 to $5.36 in the past 60 days. Looking at the next fiscal year, 2 estimates have moved upwards while there have been no downward revisions in the same time period. **Bottom Line** Given these factors, it shouldn't be surprising that SRCE is a #1 (Strong Buy) stock and boasts a Momentum Score of B. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep 1st Source on your short list. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_519_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_10-2315470)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_519&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_10-2315470)[1st Source Corporation (SRCE) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SRCE&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_519&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_10-2315470)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315470/1st-source-srce-is-a-great-momentum-stock-should-you-buy?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_10-2315470)[Zacks Investment Research](https://www.zacks.com/) | 1st Source (SRCE) is a Great Momentum Stock: Should You Buy? | News | Zacks | Zacks Equity Research | 0.0554 | 64.7351 | 64.6641 | 63.6096 | 60.7827 | 60.8591 | 59.4972 | 59.9305 | 59.7885 | 59.4972 | 59.4972 | 59.4972 | 60.8285 | 60.8044 | 58.0806 | 57.9066 | 57.6524 | 57.82 | 61.4458 |
SAND | Sandstorm Gold Ltd. | Unknown | Unknown | https://www.nasdaq.com/articles/all-you-need-know-about-sandstorm-gold-sand-rating-upgrade-strong-buy | 2024-08-02 13:16:00 | Stocks | Sandstorm Gold (SAND) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.Therefore, the Zacks rating upgrade for Sandstorm Gold basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. **Most Powerful Force Impacting Stock Prices** The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Sandstorm Gold imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher. **Harnessing the Power of Earnings Estimate Revisions** As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). **Earnings Estimate Revisions for Sandstorm Gold** For the fiscal year ending December 2024, this provider of financing for gold mining companies is expected to earn $0.08 per share, which is a change of -42.9% from the year-ago reported number.Analysts have been steadily raising their estimates for Sandstorm Gold. Over the past three months, the Zacks Consensus Estimate for the company has increased 6.8%. **Bottom Line** Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn [more about the Zacks Rank here >>>](https://www.zacks.com/education/stock-education/zacks-rank-guide) The upgrade of Sandstorm Gold to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_523_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315479)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_523&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315479)[Sandstorm Gold Ltd (SAND) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SAND&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_523&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315479)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315479/all-you-need-to-know-about-sandstorm-gold-sand-rating-upgrade-to-strong-buy?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315479)[Zacks Investment Research](https://www.zacks.com/) | All You Need to Know About Sandstorm Gold (SAND) Rating Upgrade to Strong Buy | News | Zacks | Zacks Equity Research | 0.0554 | 5.68302 | 5.7452 | 5.73607 | 5.66958 | 5.72327 | 5.74004 | 5.75617 | 5.75617 | 5.75617 | 5.75617 | 5.68169 | 5.52663 | 5.47742 | 5.37512 | 5.36676 | 5.22103 | 5.47689 | 5.86923 |
PLOW | Douglas Dynamics, Inc. | Industrials | Construction/Ag Equipment/Trucks | https://www.nasdaq.com/articles/what-makes-douglas-dynamics-plow-new-strong-buy-stock | 2024-08-02 13:16:00 | Stocks | Douglas Dynamics (PLOW) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate. The power of a changing earnings picture in determining near-term stock price movements makes the Zacks rating system highly useful for individual investors, since it can be difficult to make decisions based on rating upgrades by Wall Street analysts. These are mostly driven by subjective factors that are hard to see and measure in real time.As such, the Zacks rating upgrade for Douglas Dynamics is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price. **Most Powerful Force Impacting Stock Prices** The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.For Douglas Dynamics, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company's underlying business. And investors' appreciation of this improving business trend should push the stock higher. **Harnessing the Power of Earnings Estimate Revisions** As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). **Earnings Estimate Revisions for Douglas Dynamics** This snowplow maker is expected to earn $1.62 per share for the fiscal year ending December 2024, which represents a year-over-year change of 60.4%.Analysts have been steadily raising their estimates for Douglas Dynamics. Over the past three months, the Zacks Consensus Estimate for the company has increased 15.4%. **Bottom Line** Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn [more about the Zacks Rank here >>>](https://www.zacks.com/education/stock-education/zacks-rank-guide) The upgrade of Douglas Dynamics to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_523_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315477)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_523&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315477)[Douglas Dynamics, Inc. (PLOW) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PLOW&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_523&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315477)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315477/what-makes-douglas-dynamics-plow-a-new-strong-buy-stock?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315477)[Zacks Investment Research](https://www.zacks.com/) | What Makes Douglas Dynamics (PLOW) a New Strong Buy Stock | News | Zacks | Zacks Equity Research | 0.0554 | 26.2038 | 30.6219 | 28.9629 | 28.2658 | 28.2658 | 28.147 | 27.2847 | 27.2864 | 27.2864 | 27.2864 | 27.4842 | 27.8998 | 27.8415 | 27.6791 | 27.2678 | 27.6898 | 27.2539 | 27.9503 |
GABC | German American Bancorp, Inc. | Finance | Major Banks | https://www.nasdaq.com/articles/are-you-looking-top-momentum-pick-why-german-american-bancorp-gabc-great-choice | 2024-08-02 13:16:00 | Stocks | Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock characteristic, it can be tough to define. Debate surrounding which are the best and worst metrics to focus on is lengthy, but the Zacks Momentum Style Score, part of the [Zacks Style Scores](https://www.zacks.com/education/stock-style-scores/momentum-trading), helps address this issue for us. Below, we take a look at **German American Bancorp (GABC)**, a company that currently holds a Momentum Style Score of A. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score.It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. German American Bancorp currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period.You can see the current list of [Zacks #1 Rank Stocks here >>>](https://www.zacks.com/stocks/buy-list/?adid=zp_topnav_1list&icid=zpi_topnav_1list)**Set to Beat the Market?**In order to see if GABC is a promising momentum pick, let's examine some Momentum Style elements to see if this financial services holding company holds up.A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It is also useful to compare a security to its industry, as this can help investors pinpoint the top companies in a particular area. For GABC, shares are up 6.39% over the past week while the Zacks Banks - Midwest industry is up 4.87% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 9.16% compares favorably with the industry's 10.41% performance as well.While any stock can see its price increase, it takes a real winner to consistently beat the market. That is why looking at longer term price metrics -- such as performance over the past three months or year -- can be useful as well. Shares of German American Bancorp have increased 16.16% over the past quarter, and have gained 23.63% in the last year. In comparison, the S&P 500 has only moved 8.91% and 20.56%, respectively.Investors should also pay attention to GABC's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. GABC is currently averaging 148,635 shares for the last 20 days. **Earnings Outlook** The Zacks Momentum Style Score encompasses many things, including estimate revisions and a stock's price movement. Investors should note that earnings estimates are also significant to the Zacks Rank, and a nice path here can be promising. We have recently been noticing this with GABC.Over the past two months, 2 earnings estimates moved higher compared to none lower for the full year. These revisions helped boost GABC's consensus estimate, increasing from $2.51 to $2.63 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. **Bottom Line** Given these factors, it shouldn't be surprising that GABC is a #2 (Buy) stock and boasts a Momentum Score of A. If you're looking for a fresh pick that's set to soar in the near-term, make sure to keep German American Bancorp on your short list. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_519_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_10-2315467)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_519&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_10-2315467)[German American Bancorp, Inc. (GABC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=GABC&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_519&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_10-2315467) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315467/are-you-looking-for-a-top-momentum-pick-why-german-american-bancorp-gabc-is-a-great-choice?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_10-2315467)[Zacks Investment Research](https://www.zacks.com/) | Are You Looking for a Top Momentum Pick? Why German American Bancorp (GABC) is a Great Choice | News | Zacks | Zacks Equity Research | 0.0554 | 41.6196 | 41.1162 | 39.3987 | 37.2128 | 37.2118 | 37.2128 | 37.2128 | 37.2058 | 37.2067 | 37.2067 | 36.987 | 37.5603 | 37.7203 | 36.5381 | 36.4604 | 37.343 | 38.47 | 39.9326 |
LEG | Leggett & Platt, Incorporated | Consumer Discretionary | Home Furnishings | https://www.nasdaq.com/articles/leggett-leg-q2-earnings-meet-sales-miss-2024-view-down | 2024-08-02 13:23:00 | Stocks|STRA|MAT|HAS | **Leggett & Platt, Incorporated** [LEG](https://www.nasdaq.com/market-activity/stocks/leg) reported lackluster results for second-quarter 2024. Earnings matched the analysts’ expectation while net sales missed the same. The metrics declined on a year-over-year basis due to persistent weak demand in most of the end markets served.Following the results, the stock plunged 1.2% in the after-hour trading session on Aug 1.For the full year, LEG lowered sales guidance and narrowed adjusted EPS guidance. The company noted that demand in the residential end markets remains weak as consumers continue to delay big-ticket, discretionary purchases. Also, the global automotive market remains volatile due to a slower-than-expected shift to electric vehicles and disruption from new Chinese market entrants.President and CEO of Leggett, Karl Glassman, said, "We are currently conducting a strategic review of our diverse portfolio, assessing how each business fits into our long-term vision. This review, in addition to our restructuring plan and operational improvement initiatives, is leading to a clearer vision of the opportunities ahead.”**Quarter in Details** Leggett’s adjusted earnings per share (EPS) of 29 cents met the consensus estimate and decreased 23.7% from 38 cents reported a year ago. **Leggett & Platt, Incorporated Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/LEG/price-consensus-eps-surprise-chart?icid=chart-LEG-price-consensus-eps-surprise-chart)[Leggett & Platt, Incorporated price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/LEG/price-consensus-eps-surprise-chart?icid=chart-LEG-price-consensus-eps-surprise-chart) | [Leggett & Platt, Incorporated Quote](https://www.nasdaq.com/market-activity/stocks/leg) Net trade sales of $1.129 billion missed the consensus mark of $1.134 billion by 0.5% and declined by 7.5% from the prior-year quarter’s level of $1.22 billion (all organic). Volume declined 4% due to continued demand softness in residential end markets and the earlier-than-expected loss of a customer in Specialty Foam. Raw material-related selling prices and currency impact lowered sales by 4%.Adjusted EBIT declined 22.8% to $71 million from the prior-year quarter’s level of $92 million. The decline was due to lower volume, increased inventory write-downs/reserves, raw material-related pricing adjustments, metal margin compression, and higher bad debt reserves. This was partially offset by lower amortization expenses, operational efficiency improvements, and restructuring benefits.Adjusted EBIT margin contracted 120 basis points (bps) to 6.3% from the year-ago quarter’s figure of 7.5%. Adjusted EBITDA margin also contracted 200 bps to 9.2% from the year-ago quarter. **Segmental Details****Bedding Products**' (excluding intersegment sales) net trade sales decreased 13% (fully organic) from the year-ago quarter’s level to $438 million. A volume decline of 7% was caused by an earlier-than-expected loss of a customer and continued demand softness in the U.S. and European bedding markets partially offset by higher trade rod sales. Raw material-related selling price, net of currency benefit, reduced sales by 6%.Adjusted EBIT margin contracted 430 bps to 0.1%. Adjusted EBITDA margin also contracted 610 bps year over year to 3.4%.The **Specialized Products** segment's trade sales were flat (all organic) from the prior-year quarter’s figure to $320 million. Volume was flat as growth in Aerospace was offset by declines in Hydraulic Cylinders and Automotive. Raw material-related selling price increase was offset by currency translation impacts.EBIT margin expanded 80 bps to 11.1% on the back of operational efficiency improvements partially offset by currency impact. EBITDA margin also grew 80 bps year over year to 14.3%.Trade sales in the **Furniture, Flooring & Textile Products** segment declined 6% from the prior-year quarter’s level to $371 million. Volume was down 3%, mainly due to lower Geo Components and continued weakness in residential end markets. Raw material-related selling price decrease reduced sales by 3%.Adjusted EBIT margin of 9.5% was up 40 bps from the prior year owing to pricing discipline and restructuring benefits. Adjusted EBITDA margin also improved 40 bps to 10.9%. **Financials** As of Jun 30, 2024, the company had $705 million in liquidity. It had cash and equivalents worth $307 million at the end of June, down from $365.5 million at 2023-end.Long-term debt totaled $1.7 billion, up from $1.68 billion recorded at 2023-end. The trailing 12-month net debt-to-adjusted EBITDA was 3.83x compared with 3.16x at the end of 2023.Cash from operations totaled $94 million in the reported quarter compared with $111 million in the prior-year period. Capital expenditures totaled $15 million in the second quarter versus $30 million a year ago. **2024 Guidance Updated** Leggett now expects sales in the range of $4.3-$4.5 billion versus the prior expectation of $4.35-$4.65 billion, indicating a 5-9% decline year over year. Volume is still expected to be down low to mid-single digits. Raw-material-related price decreases and currency impact are likely to reduce sales by low single digits.Volume is likely to be down by high-single digits in the Bedding Products and down by low single-digit in Furniture, Flooring & Textile Products segments. Net sales are expected to be flat for Specialized Products. Earlier, LEG expected Specialized Products sales to be up in low single-digits.Adjusted EPS expectation is narrowed to $1.10-$1.25 from $1.05-$1.35, down from $1.39 reported in 2023. This is due to lower expected volume in the Bedding Products and Furniture, Flooring & Textile Products segments, pricing responses related to global steel cost differentials and metal margin compression. This is partially offset by lower amortization resulting from the 2023 long-lived asset impairment.LEG now expects adjusted EBIT margin in the range of 6.5-6.9% from 6.4-7.2% expected earlier. This reflects a decline from 7.1% reported a year ago. **Zacks Rank** Leggett currently carries a Zacks Rank #4 (Sell).You can see [the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). **Recent Consumer Discretionary Releases****Strategic Education, Inc.** [STRA](https://www.nasdaq.com/market-activity/stocks/stra), or SEI, reported stellar results in [second-quarter 2024](https://www.zacks.com/stock/news/2313383/strategic-education-stra-q2-earnings-revenues-beat-estimates). Its quarterly earnings and revenues topped the Zacks Consensus Estimate and increased year over year.The quarterly results reflect solid growth across the company’s three reportable segments, attributable to continued enrollment growth in the U.S. Higher Education segment, especially employer-affiliated enrollments, and total enrollment improvement in the Australia/New Zealand segment. Moreover, the Education Technology Services segment portrayed solid performance, mainly driven by the growth in Sophia Learning subscriptions. **Hasbro, Inc.** [HAS](https://www.nasdaq.com/market-activity/stocks/has) reported [second-quarter fiscal 2024](https://www.zacks.com/stock/news/2309204/hasbro-has-stock-rises-on-q2-earnings-and-revenue-beat) results, wherein earnings and revenues beat the Zacks Consensus Estimate. Despite a year-over-year revenue decline, earnings increased on the back of a favorable business mix and improved operations.For the full year, HAS expects total adjusted EBITDA between $975 million and $1.025 billion compared with the prior prediction of $925 million and $1 billion. **Mattel, Inc.** [MAT](https://www.nasdaq.com/market-activity/stocks/mat) reported mixed [second-quarter 2024](https://www.zacks.com/stock/news/2308159/mattel-mat-q2-earnings-top-revenues-lag-estimates-stock-up) results, with earnings surpassing the Zacks Consensus Estimate and revenues missing the same. The top line missed the consensus estimate for the third straight quarter.Mattel anticipates 2024 adjusted EPS between $1.35 and $1.45, compared with $1.23 in 2023. The Zacks Consensus Estimate for 2024 EPS is pegged at $1.40. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_210_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315500)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315500) [Hasbro, Inc. (HAS) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HAS&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315500)[Strategic Education Inc. (STRA) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=STRA&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315500)[Mattel, Inc. (MAT) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MAT&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315500)[Leggett & Platt, Incorporated (LEG) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LEG&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315500) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315500/leggett-leg-q2-earnings-meet-sales-miss-2024-view-down?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315500)[Zacks Investment Research](https://www.zacks.com/) | Leggett (LEG) Q2 Earnings Meet, Sales Miss, 2024 View Down | News | Zacks | Zacks Equity Research | 0.0554 | 13.2338 | 13.492 | 13.1528 | 12.8601 | 12.9245 | 12.8601 | 12.8929 | 13.0284 | 13.0434 | 12.5416 | 12.8186 | 13.094 | 12.9233 | 12.0789 | 12.0312 | 12.6778 | 12.4166 | 12.5859 |
SMBC | Southern Missouri Bancorp, Inc. | Finance | Banks | https://www.nasdaq.com/articles/all-you-need-know-about-southern-missouri-bancorp-smbc-rating-upgrade-strong-buy | 2024-08-02 13:23:00 | Stocks | Southern Missouri Bancorp (SMBC) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.Therefore, the Zacks rating upgrade for Southern Missouri Bancorp basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. **Most Powerful Force Impacting Stock Prices** The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Southern Missouri Bancorp imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher. **Harnessing the Power of Earnings Estimate Revisions** Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). **Earnings Estimate Revisions for Southern Missouri Bancorp** This bank holding company is expected to earn $4.70 per share for the fiscal year ending June 2025, which represents a year-over-year change of 6.6%.Analysts have been steadily raising their estimates for Southern Missouri Bancorp. Over the past three months, the Zacks Consensus Estimate for the company has increased 10.6%. **Bottom Line** Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn [more about the Zacks Rank here >>>](https://www.zacks.com/education/stock-education/zacks-rank-guide) The upgrade of Southern Missouri Bancorp to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_523_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315486)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_523&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315486)[Southern Missouri Bancorp, Inc. (SMBC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SMBC&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_523&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315486) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315486/all-you-need-to-know-about-southern-missouri-bancorp-smbc-rating-upgrade-to-strong-buy?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315486)[Zacks Investment Research](https://www.zacks.com/) | All You Need to Know About Southern Missouri Bancorp (SMBC) Rating Upgrade to Strong Buy | News | Zacks | Zacks Equity Research | 0.0554 | 52.235 | 54.5705 | 56.8826 | 52.4538 | 52.3976 | 52.5011 | 52.5005 | 52.3976 | 52.4555 | 52.4555 | 51.7291 | 52.4684 | 52.5076 | 49.9771 | 49.81 | 49.6667 | 54 | 57.8304 |
SRCE | 1st Source Corporation | Finance | Major Banks | https://www.nasdaq.com/articles/all-you-need-know-about-1st-source-srce-rating-upgrade-strong-buy | 2024-08-02 13:23:00 | Stocks | 1st Source (SRCE) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system. Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.Therefore, the Zacks rating upgrade for 1st Source basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. **Most Powerful Force Impacting Stock Prices** The change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. That's partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for 1st Source imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher. **Harnessing the Power of Earnings Estimate Revisions** As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). **Earnings Estimate Revisions for 1st Source** This holding company for 1st Source Bank is expected to earn $5.36 per share for the fiscal year ending December 2024, which represents a year-over-year change of 6.6%.Analysts have been steadily raising their estimates for 1st Source. Over the past three months, the Zacks Consensus Estimate for the company has increased 10.8%. **Bottom Line** Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn [more about the Zacks Rank here >>>](https://www.zacks.com/education/stock-education/zacks-rank-guide) The upgrade of 1st Source to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_523_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315483)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_523&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315483)[1st Source Corporation (SRCE) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SRCE&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_523&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315483)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315483/all-you-need-to-know-about-1st-source-srce-rating-upgrade-to-strong-buy?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315483)[Zacks Investment Research](https://www.zacks.com/) | All You Need to Know About 1st Source (SRCE) Rating Upgrade to Strong Buy | News | Zacks | Zacks Equity Research | 0.0554 | 64.7351 | 64.6641 | 63.6175 | 60.8297 | 59.883 | 59.4972 | 59.7885 | 59.4972 | 59.4972 | 59.4972 | 59.4972 | 60.5258 | 60.8044 | 58.0806 | 57.9066 | 57.6524 | 57.82 | 61.4458 |
SMBC | Southern Missouri Bancorp, Inc. | Finance | Banks | https://www.nasdaq.com/articles/all-you-need-know-about-southern-missouri-bancorp-smbc-rating-upgrade-strong-buy-0 | 2024-08-02 13:24:00 | Stocks | Southern Missouri Bancorp (SMBC) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years. Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.Therefore, the Zacks rating upgrade for Southern Missouri Bancorp basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. **Most Powerful Force Impacting Stock Prices** The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Southern Missouri Bancorp imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher. **Harnessing the Power of Earnings Estimate Revisions** Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). **Earnings Estimate Revisions for Southern Missouri Bancorp** This bank holding company is expected to earn $4.70 per share for the fiscal year ending June 2025, which represents a year-over-year change of 6.6%.Analysts have been steadily raising their estimates for Southern Missouri Bancorp. Over the past three months, the Zacks Consensus Estimate for the company has increased 10.6%. **Bottom Line** Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn [more about the Zacks Rank here >>>](https://www.zacks.com/education/stock-education/zacks-rank-guide) The upgrade of Southern Missouri Bancorp to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORT_TALEOFTAPE_523_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315486)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_523&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315486)[Southern Missouri Bancorp, Inc. (SMBC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=SMBC&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_523&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315486) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315486/all-you-need-to-know-about-southern-missouri-bancorp-smbc-rating-upgrade-to-strong-buy?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_12_zacks_rank_upgrade-2315486)[Zacks Investment Research](https://www.zacks.com/) | All You Need to Know About Southern Missouri Bancorp (SMBC) Rating Upgrade to Strong Buy | News | Zacks | Zacks Equity Research | 0.0554 | 52.235 | 54.5705 | 56.8811 | 52.3964 | 52.4224 | 52.5011 | 52.5005 | 52.3976 | 52.4555 | 52.4555 | 51.6608 | 52.5389 | 52.5076 | 49.9771 | 49.81 | 49.6667 | 54 | 57.8304 |
LEG | Leggett & Platt, Incorporated | Consumer Discretionary | Home Furnishings | https://www.nasdaq.com/articles/leggett-leg-q2-earnings-meet-sales-miss-2024-view-down-0 | 2024-08-02 13:24:00 | Stocks|STRA|MAT|HAS | **Leggett & Platt, Incorporated** [LEG](https://www.nasdaq.com/market-activity/stocks/leg) reported lackluster results for second-quarter 2024. Earnings matched the analysts’ expectation while net sales missed the same. The metrics declined on a year-over-year basis due to persistent weak demand in most of the end markets served.Following the results, the stock plunged 1.2% in the after-hour trading session on Aug 1.For the full year, LEG lowered sales guidance and narrowed adjusted EPS guidance. The company noted that demand in the residential end markets remains weak as consumers continue to delay big-ticket, discretionary purchases. Also, the global automotive market remains volatile due to a slower-than-expected shift to electric vehicles and disruption from new Chinese market entrants.President and CEO of Leggett, Karl Glassman, said, "We are currently conducting a strategic review of our diverse portfolio, assessing how each business fits into our long-term vision. This review, in addition to our restructuring plan and operational improvement initiatives, is leading to a clearer vision of the opportunities ahead.”**Quarter in Details** Leggett’s adjusted earnings per share (EPS) of 29 cents met the consensus estimate and decreased 23.7% from 38 cents reported a year ago. **Leggett & Platt, Incorporated Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/LEG/price-consensus-eps-surprise-chart?icid=chart-LEG-price-consensus-eps-surprise-chart)[Leggett & Platt, Incorporated price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/LEG/price-consensus-eps-surprise-chart?icid=chart-LEG-price-consensus-eps-surprise-chart) | [Leggett & Platt, Incorporated Quote](https://www.nasdaq.com/market-activity/stocks/leg) Net trade sales of $1.129 billion missed the consensus mark of $1.134 billion by 0.5% and declined by 7.5% from the prior-year quarter’s level of $1.22 billion (all organic). Volume declined 4% due to continued demand softness in residential end markets and the earlier-than-expected loss of a customer in Specialty Foam. Raw material-related selling prices and currency impact lowered sales by 4%.Adjusted EBIT declined 22.8% to $71 million from the prior-year quarter’s level of $92 million. The decline was due to lower volume, increased inventory write-downs/reserves, raw material-related pricing adjustments, metal margin compression, and higher bad debt reserves. This was partially offset by lower amortization expenses, operational efficiency improvements, and restructuring benefits.Adjusted EBIT margin contracted 120 basis points (bps) to 6.3% from the year-ago quarter’s figure of 7.5%. Adjusted EBITDA margin also contracted 200 bps to 9.2% from the year-ago quarter. **Segmental Details****Bedding Products**' (excluding intersegment sales) net trade sales decreased 13% (fully organic) from the year-ago quarter’s level to $438 million. A volume decline of 7% was caused by an earlier-than-expected loss of a customer and continued demand softness in the U.S. and European bedding markets partially offset by higher trade rod sales. Raw material-related selling price, net of currency benefit, reduced sales by 6%.Adjusted EBIT margin contracted 430 bps to 0.1%. Adjusted EBITDA margin also contracted 610 bps year over year to 3.4%.The **Specialized Products** segment's trade sales were flat (all organic) from the prior-year quarter’s figure to $320 million. Volume was flat as growth in Aerospace was offset by declines in Hydraulic Cylinders and Automotive. Raw material-related selling price increase was offset by currency translation impacts.EBIT margin expanded 80 bps to 11.1% on the back of operational efficiency improvements partially offset by currency impact. EBITDA margin also grew 80 bps year over year to 14.3%.Trade sales in the **Furniture, Flooring & Textile Products** segment declined 6% from the prior-year quarter’s level to $371 million. Volume was down 3%, mainly due to lower Geo Components and continued weakness in residential end markets. Raw material-related selling price decrease reduced sales by 3%.Adjusted EBIT margin of 9.5% was up 40 bps from the prior year owing to pricing discipline and restructuring benefits. Adjusted EBITDA margin also improved 40 bps to 10.9%. **Financials** As of Jun 30, 2024, the company had $705 million in liquidity. It had cash and equivalents worth $307 million at the end of June, down from $365.5 million at 2023-end.Long-term debt totaled $1.7 billion, up from $1.68 billion recorded at 2023-end. The trailing 12-month net debt-to-adjusted EBITDA was 3.83x compared with 3.16x at the end of 2023.Cash from operations totaled $94 million in the reported quarter compared with $111 million in the prior-year period. Capital expenditures totaled $15 million in the second quarter versus $30 million a year ago. **2024 Guidance Updated** Leggett now expects sales in the range of $4.3-$4.5 billion versus the prior expectation of $4.35-$4.65 billion, indicating a 5-9% decline year over year. Volume is still expected to be down low to mid-single digits. Raw-material-related price decreases and currency impact are likely to reduce sales by low single digits.Volume is likely to be down by high-single digits in the Bedding Products and down by low single-digit in Furniture, Flooring & Textile Products segments. Net sales are expected to be flat for Specialized Products. Earlier, LEG expected Specialized Products sales to be up in low single-digits.Adjusted EPS expectation is narrowed to $1.10-$1.25 from $1.05-$1.35, down from $1.39 reported in 2023. This is due to lower expected volume in the Bedding Products and Furniture, Flooring & Textile Products segments, pricing responses related to global steel cost differentials and metal margin compression. This is partially offset by lower amortization resulting from the 2023 long-lived asset impairment.LEG now expects adjusted EBIT margin in the range of 6.5-6.9% from 6.4-7.2% expected earlier. This reflects a decline from 7.1% reported a year ago. **Zacks Rank** Leggett currently carries a Zacks Rank #4 (Sell).You can see [the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). **Recent Consumer Discretionary Releases****Strategic Education, Inc.** [STRA](https://www.nasdaq.com/market-activity/stocks/stra), or SEI, reported stellar results in [second-quarter 2024](https://www.zacks.com/stock/news/2313383/strategic-education-stra-q2-earnings-revenues-beat-estimates). Its quarterly earnings and revenues topped the Zacks Consensus Estimate and increased year over year.The quarterly results reflect solid growth across the company’s three reportable segments, attributable to continued enrollment growth in the U.S. Higher Education segment, especially employer-affiliated enrollments, and total enrollment improvement in the Australia/New Zealand segment. Moreover, the Education Technology Services segment portrayed solid performance, mainly driven by the growth in Sophia Learning subscriptions. **Hasbro, Inc.** [HAS](https://www.nasdaq.com/market-activity/stocks/has) reported [second-quarter fiscal 2024](https://www.zacks.com/stock/news/2309204/hasbro-has-stock-rises-on-q2-earnings-and-revenue-beat) results, wherein earnings and revenues beat the Zacks Consensus Estimate. Despite a year-over-year revenue decline, earnings increased on the back of a favorable business mix and improved operations.For the full year, HAS expects total adjusted EBITDA between $975 million and $1.025 billion compared with the prior prediction of $925 million and $1 billion. **Mattel, Inc.** [MAT](https://www.nasdaq.com/market-activity/stocks/mat) reported mixed [second-quarter 2024](https://www.zacks.com/stock/news/2308159/mattel-mat-q2-earnings-top-revenues-lag-estimates-stock-up) results, with earnings surpassing the Zacks Consensus Estimate and revenues missing the same. The top line missed the consensus estimate for the third straight quarter.Mattel anticipates 2024 adjusted EPS between $1.35 and $1.45, compared with $1.23 in 2023. The Zacks Consensus Estimate for 2024 EPS is pegged at $1.40. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORT_ANALYSTBLOG_210_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315500)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315500) [Hasbro, Inc. (HAS) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HAS&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315500)[Strategic Education Inc. (STRA) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=STRA&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315500)[Mattel, Inc. (MAT) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=MAT&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315500)[Leggett & Platt, Incorporated (LEG) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LEG&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315500) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315500/leggett-leg-q2-earnings-meet-sales-miss-2024-view-down?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315500)[Zacks Investment Research](https://www.zacks.com/) | Leggett (LEG) Q2 Earnings Meet, Sales Miss, 2024 View Down | News | Zacks | Zacks Equity Research | 0.0554 | 13.2338 | 13.4903 | 13.1528 | 12.8601 | 12.9781 | 12.8601 | 12.9171 | 13.0719 | 13.0197 | 12.5425 | 12.8151 | 13.0661 | 12.9233 | 12.0789 | 12.0312 | 12.682 | 12.4166 | 12.5859 |
HONE | HarborOne Bancorp, Inc. | Finance | Major Banks | https://www.nasdaq.com/articles/why-harborone-bancorp-hone-might-be-well-poised-surge | 2024-08-02 13:33:00 | Stocks | HarborOne Bancorp (HONE) appears an attractive pick given a noticeable improvement in the company's earnings outlook. The stock has been a strong performer lately, and the momentum might continue with analysts still raising their earnings estimates for the company.Analysts' growing optimism on the earnings prospects of this bank holding company is driving estimates higher, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive [externally-audited track record of outperformance](https://www.zacks.com/performance/), with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.For HarborOne Bancorp, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year. **Current-Quarter Estimate Revisions** The earnings estimate of $0.18 per share for the current quarter represents a change of -10% from the number reported a year ago.Over the last 30 days, the Zacks Consensus Estimate for HarborOne Bancorp has increased 7.58% because three estimates have moved higher compared to no negative revisions. **Current-Year Estimate Revisions** For the full year, the earnings estimate of $0.68 per share represents a change of +9.68% from the year-ago number. There has been an encouraging trend in estimate revisions for the current year as well. Over the past month, three estimates have moved up for HarborOne Bancorp versus no negative revisions. This has pushed the consensus estimate 5.47% higher. **Favorable Zacks Rank** The promising estimate revisions have helped HarborOne Bancorp earn a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1linklink).Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. **Bottom Line** HarborOne Bancorp shares have added 18.6% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_517_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-2315504)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_517&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-2315504)[HarborOne Bancorp, Inc. (HONE) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HONE&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_517&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-2315504)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315504/why-harborone-bancorp-hone-might-be-well-poised-for-a-surge?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-2315504)[Zacks Investment Research](https://www.zacks.com/) | Why HarborOne Bancorp (HONE) Might be Well Poised for a Surge | News | Zacks | Zacks Equity Research | 0.0554 | 13.5549 | 13.4092 | 13.5128 | 12.2802 | 12.2802 | 12.2802 | 12.2802 | 12.2802 | 12.2802 | 12.2802 | 12.3519 | 12.5164 | 12.45 | 12.1544 | 12.1328 | 11.9006 | 12.6864 | 13.2 |
POWL | Powell Industries, Inc. | Energy | Electrical Products | https://www.nasdaq.com/articles/surging-earnings-estimates-signal-upside-powell-industries-powl-stock | 2024-08-02 13:33:00 | Stocks | Powell Industries (POWL) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this energy equipment company, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. This insight is at the core of our stock rating tool -- the Zacks Rank. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive [externally-audited track record of outperformance](https://www.zacks.com/performance/), with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.Consensus earnings estimates for the next quarter and full year have moved considerably higher for Powell Industries, as there has been strong agreement among the covering analysts in raising estimates. **Current-Quarter Estimate Revisions** The company is expected to earn $3.49 per share for the current quarter, which represents a year-over-year change of +78.97%.The Zacks Consensus Estimate for Powell Industries has increased 59.36% over the last 30 days, as one estimate has gone higher compared to no negative revisions. **Current-Year Estimate Revisions** For the full year, the earnings estimate of $12.01 per share represents a change of +191.5% from the year-ago number. In terms of estimate revisions, the trend for the current year also appears quite encouraging for Powell Industries. Over the past month, one estimate has moved higher compared to no negative revisions, helping the consensus estimate increase 32.85%. **Favorable Zacks Rank** The promising estimate revisions have helped Powell Industries earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1linklink).Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. **Bottom Line** Powell Industries shares have added 6.9% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_517_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-2315507)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_517&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-2315507)[Powell Industries, Inc. (POWL) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=POWL&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_517&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-2315507)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315507/surging-earnings-estimates-signal-upside-for-powell-industries-powl-stock?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-2315507)[Zacks Investment Research](https://www.zacks.com/) | Surging Earnings Estimates Signal Upside for Powell Industries (POWL) Stock | News | Zacks | Zacks Equity Research | 0.0554 | 142.706 | 164.24 | 182.973 | 159.84 | 159.84 | 159.84 | 159.84 | 159.84 | 159.026 | 159.322 | 149.814 | 151.888 | 153.042 | 151.287 | 150.801 | 155.257 | 169.038 | 167.716 |
CLBK | Columbia Financial, Inc. | Finance | Savings Institutions | https://www.nasdaq.com/articles/surging-earnings-estimates-signal-upside-columbia-financial-clbk-stock | 2024-08-02 13:33:00 | Stocks | Columbia Financial (CLBK) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- is principally built on this insight. The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive [externally-audited track record of outperformance](https://www.zacks.com/performance/), with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.For Columbia Financial, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year. **Current-Quarter Estimate Revisions** For the current quarter, the company is expected to earn $0.05 per share, which is a change of -44.44% from the year-ago reported number.Over the last 30 days, one estimate has moved higher for Columbia Financial compared to no negative revisions. As a result, the Zacks Consensus Estimate has increased 11.11%. **Current-Year Estimate Revisions** For the full year, the earnings estimate of $0.14 per share represents a change of -71.43% from the year-ago number. In terms of estimate revisions, the trend for the current year also appears quite encouraging for Columbia Financial. Over the past month, one estimate has moved higher compared to no negative revisions, helping the consensus estimate increase 12%. **Favorable Zacks Rank** Thanks to promising estimate revisions, Columbia Financial currently carries a Zacks Rank #2 (Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1linklink).Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500. **Bottom Line** While strong estimate revisions for Columbia Financial have attracted decent investments and pushed the stock 21.3% higher over the past four weeks, further upside may still be left in the stock. So, you may consider adding it to your portfolio right away. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_517_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-2315510)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_517&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-2315510)[Columbia Financial (CLBK) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CLBK&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_517&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-2315510)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315510/surging-earnings-estimates-signal-upside-for-columbia-financial-clbk-stock?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_8-2315510)[Zacks Investment Research](https://www.zacks.com/) | Surging Earnings Estimates Signal Upside for Columbia Financial (CLBK) Stock | News | Zacks | Zacks Equity Research | 0.0554 | 18.4319 | 17.6149 | 18.1556 | 17.2174 | 17.2174 | 17.2174 | 17.2245 | 17.2174 | 17.2188 | 17.2188 | 17.3436 | 17.4838 | 17.4315 | 16.6245 | 16.5082 | 16.525 | 17.14 | 17.7601 |
TELL | Tellurian Inc. | Energy | Oil & Gas Production | https://www.nasdaq.com/articles/why-tellurian-stock-rocketed-nearly-35-july | 2024-08-02 13:34:00 | Markets|WDS | Shares of** Tellurian** [(NYSEMKT: TELL)](https://www.nasdaq.com/market-activity/stocks/tell) surged 34.7% in July, according to data provided by [S&P Global Market Intelligence](http://marketintelligence.spglobal.com/). The liquified natural gas (LNG) project developer agreed to sell itself to Australian energy company** Woodside Petroleum** [(NYSE: WDS)](https://www.nasdaq.com/market-activity/stocks/wds) in an all-cash deal. It also closed the sale of its upstream natural gas assets last month. **The end of an era** Tellurian has spent the past several years working toward developing its Driftwood [LNG](https://www.fool.com/investing/stock-market/market-sectors/energy/liquefied-natural-gas-stocks/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6b04928a-7c99-48c7-99ac-587db55e421f) project. The company has been looking for ways to fund that project and secure commercial customers to support its development. It had hired a financial advisor to assist it. The advisor initially planned to explore selling Tellurian's upstream natural gas production assets to help shore up its balance sheet. It found a buyer in late May when Aethon Energy agreed to purchase the assets for $260 million and become a commercial customer for Driftwood. The deal, which closed in August, enabled it to retire $230 million of debt set to mature in 2025, giving it more breathing room.The company had planned to continue looking for investors to help fund its Driftwood project. But Woodside Energy camealongwith an offer it couldn't refuse. The company [agreed to buy all of Tellurian](https://www.fool.com/investing/2024/07/23/in-a-surprising-twist-tellurian-agrees-to-sell-its/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6b04928a-7c99-48c7-99ac-587db55e421f), including the Driftwood project, for $1.2 billion, or $1 per share.The all-cash deal valued Tellurian's stock at a 75% premium to its closing price on July 19 (the day before the deal's announcement) and a 48% premium to its 30-day [volume-weighted average price](https://www.fool.com/terms/v/vwap/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6b04928a-7c99-48c7-99ac-587db55e421f).The cash sale provides substantial and certain value to Tellurian shareholders based on its price in mid-July. However, shares are still down more than 45% over the past year and 85% below their peak three years ago. Because of that, unless investors recently bought shares, the sale will lock in a steep loss.Ultimately, Tellurian had to sell since itdidn't have thefinancial resources to build Driftwood.It also needed to continue securing commercial customers. Woodside has the financial resources and experience to commercialize and develop LNG projects. Because of that, it should be a strong operator for the project. **Time to sell** After rallying last month, Tellurian's shares traded slightly below Woodside Energy's offer price. Because of that, there's not much upside left for investors. It's unlikely that another company will offer a higher bid. Meanwhile, there are downside risks in holding or buying in hopes of a higher bid since something could derail the Woodside deal.Given those factors, shareholders should consider selling, while those who don't already own shares shouldn't buy them now. **Should you invest $1,000 in Tellurian right now?**Before you buy stock in Tellurian, consider this:The Motley Fool Stock Advisor analyst team just identified what they believe are the ** [10 best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=50cf34ec-d0b6-469b-8002-5b720a4f5b01&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010917%26ftm_cam%3Dsa-bbn-evergreen%26ftm_veh%3Darticle_pitch_feed_partners%26ftm_pit%3D14065&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6b04928a-7c99-48c7-99ac-587db55e421f)** for investors to buy now… and Tellurian wasn’t one of them. The 10 stocks that made the cut could produce monster returns in the coming years. **Consider when **Nvidia** made this list on April 15, 2005... if you invested $1,000 at the time of our recommendation, **you’d have $669,193******!*** Stock Advisor provides investors with an easy-to-follow blueprint for success, including guidance on building a portfolio, regular updates from analysts, and two new stock picks each month. TheStock Advisorservice has **more than quadrupled****** the return of S&P 500 since 2002*.[See the 10 stocks »](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=50cf34ec-d0b6-469b-8002-5b720a4f5b01&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010917%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D14065%26ftm_veh%3Darticle_pitch_feed_partners%26company%3DTellurian&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=6b04928a-7c99-48c7-99ac-587db55e421f)*Stock Advisor returns as of July 29, 2024 [Matt DiLallo](https://www.fool.com/author/2093/) has positions in Woodside Energy Group. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/legal/fool-disclosure-policy/). | Why Tellurian Stock Rocketed Nearly 35% in July | News | The Motley Fool | Matt DiLallo | 0.0554 | 0.9122 | 0.916872 | 0.922547 | 0.922555 | 0.922581 | 0.922581 | 0.922581 | 0.922581 | 0.921756 | 0.929479 | 0.921841 | 0.915752 | 0.915531 | 0.911589 | 0.910364 | 0.916569 | 0.902293 | 0.930069 |
BBAI | BigBear.ai Holdings, Inc. | Technology | Computer Software: Prepackaged Software | https://www.nasdaq.com/press-release/bigbearai-and-heathrow-collaborate-bring-advanced-technologies-europes-largest | 2024-08-02 13:51:00 | Unknown | COLUMBIA, Md.--(BUSINESS WIRE)-- BigBear.ai (NYSE: BBAI), a leading provider of AI for enterprise and defense, today announced a master service agreement with Heathrow to develop and deliver advanced technologies at Europe’s largest airport.The MSA allows for a wide range of potential projects. The partnership between BigBear.ai and Heathrow aims to improve security and operational effectiveness, while enhancing the overall experience for travelers through the UK’s hub airport.BigBear.ai provides cutting-edge solutions to help airports ensure traveler safety and streamline operations, leveraging a comprehensive Vision AI portfolio (including image-based anomaly and threat detection), advanced analytics, and digital twin capabilities. **About BigBear.ai** BigBear.ai is a leading provider of AI-powered decision intelligence solutions for national security, digital identity, and supply chain management. Customers and partners rely on BigBear.ai’s artificial intelligence and predictive analytics capabilities in highly complex, distributed, mission-based operating environments. Headquartered in Columbia, Maryland, BigBear.ai is a public company traded on the NYSE under the symbol BBAI. For more information, visit [https://bigbear.ai](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fbigbear.ai%2F&esheet=54103667&newsitemid=20240802345176&lan=en-US&anchor=https%3A%2F%2Fbigbear.ai&index=1&md5=40026ffb75699b9090bb93196f02c46c) and follow BigBear.ai on LinkedIn: [@BigBear.ai](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.linkedin.com%2Fcompany%2Fbigbearai&esheet=54103667&newsitemid=20240802345176&lan=en-US&anchor=%40BigBear.ai&index=2&md5=4efa8f507758ec5df1e9811b534f21ad) and X: [@BigBearai](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Ftwitter.com%2Fbigbearai&esheet=54103667&newsitemid=20240802345176&lan=en-US&anchor=%40BigBearai&index=3&md5=fa6276b2fb40f3f3084bdd5e13787355). **About Heathrow Airport (LHR):**Heathrow is the UK’s international gateway, the largest airport in Europe and the most connected megahub in the world – connecting to 239 destinations in 89 countries. The airport welcomes over 200,000 passengers on roughly 1,300 flights each day, and serves as a Britain’s hub for trade, tourism and investment. Approximately 90,000 colleagues work at Heathrow – the airport directly employs about 10% of them, with the rest working for Team Heathrow partners including airlines, ground handlers and retailers.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20240802345176r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20240802345176/en/](https://www.businesswire.com/news/home/20240802345176/en/) BigBear.ai [[email protected]](mailto:[email protected]) Media [[email protected]](mailto:[email protected]) Source: BigBear.ai | BigBear.ai and Heathrow Collaborate to Bring Advanced Technologies to Europe's Largest Airport | Press Release | Symbol Press Release | Symbol | 0.0554 | 1.5384 | 1.46068 | 1.54675 | 1.39361 | 1.3941 | 1.39361 | 1.39361 | 1.39361 | 1.38819 | 1.37 | 1.28996 | 1.35656 | 0.17643 | 1.23677 | 1.26669 | 1.25064 | 0.120603 | 0.1596 |
CHEF | The Chefs' Warehouse, Inc. | Consumer Discretionary | Food Distributors | https://www.nasdaq.com/articles/here-why-growth-investors-should-buy-chefs-warehouse-chef-now | 2024-08-02 13:55:00 | Unknown | Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, it's pretty easy to find cutting-edge growth stocks with the help of the Zacks Growth Style Score (part of the [Zacks Style Scores](https://www.zacks.com/style-scores-education/) system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.Our proprietary system currently recommends Chefs' Warehouse (CHEF) as one such stock. This company not only has a favorable Growth Score, but also carries a top Zacks Rank.Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.Here are three of the most important factors that make the stock of this distributor of specialty food products a great growth pick right now. **Earnings Growth** Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration. While the historical EPS growth rate for Chefs' Warehouse is 15.6%, investors should actually focus on the projected growth. The company's EPS is expected to grow 10.6% this year, crushing the industry average, which calls for EPS growth of 5.6%. **Cash Flow Growth** While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.Right now, year-over-year cash flow growth for Chefs' Warehouse is 10.6%, which is higher than many of its peers. In fact, the rate compares to the industry average of 5.6%.While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 17.5% over the past 3-5 years versus the industry average of 4.8%. **Promising Earnings Estimate Revisions** Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. The current-year earnings estimates for Chefs' Warehouse have been revising upward. The Zacks Consensus Estimate for the current year has surged 2.9% over the past month. **Bottom Line** Chefs' Warehouse has not only earned a Growth Score of A based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).This combination positions Chefs' Warehouse well for outperformance, so growth investors may want to bet on it. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_522_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_11_growth-2315518)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_522&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_11_growth-2315518)[The Chefs' Warehouse, Inc. (CHEF) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CHEF&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_522&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_11_growth-2315518) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315518/here-is-why-growth-investors-should-buy-chefs-warehouse-chef-now?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_11_growth-2315518)[Zacks Investment Research](https://www.zacks.com/) | Here is Why Growth Investors Should Buy Chefs' Warehouse (CHEF) Now | News | Zacks | Zacks Equity Research | 0.0554 | 42.8715 | 42.4716 | 41.8346 | 39.4072 | 39.3695 | 39.3764 | 39.374 | 39.3515 | 39.3525 | 39.3525 | 38.5093 | 38.7462 | 38.1855 | 37.5773 | 37.385 | 37.3306 | 38.43 | 42.7518 |
POWL | Powell Industries, Inc. | Energy | Electrical Products | https://www.nasdaq.com/articles/powell-industries-powl-solid-growth-stock-3-reasons-think-yes | 2024-08-02 13:55:00 | Stocks | Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. However, it isn't easy to find a great growth stock.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss. However, the Zacks Growth Style Score (part of the [Zacks Style Scores](https://www.zacks.com/style-scores-education/) system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects, makes it pretty easy to find cutting-edge growth stocks.Powell Industries (POWL) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.Studies have shown that stocks with the best growth features consistently outperform the market. And returns are even better for stocks that possess the combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy).Here are three of the most important factors that make the stock of this energy equipment company a great growth pick right now. **Earnings Growth** Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. And for growth investors, double-digit earnings growth is definitely preferable, and often an indication of strong prospects (and stock price gains) for the company under consideration. While the historical EPS growth rate for Powell Industries is 48.6%, investors should actually focus on the projected growth. The company's EPS is expected to grow 191.5% this year, crushing the industry average, which calls for EPS growth of 14.8%. **Cash Flow Growth** While cash is the lifeblood of any business, higher-than-average cash flow growth is more important and beneficial for growth-oriented companies than for mature companies. That's because, growth in cash flow enables these companies to expand their businesses without depending on expensive outside funds.Right now, year-over-year cash flow growth for Powell Industries is 153.4%, which is higher than many of its peers. In fact, the rate compares to the industry average of 10.8%.While investors should actually consider the current cash flow growth, it's worth taking a look at the historical rate too for putting the current reading into proper perspective. The company's annualized cash flow growth rate has been 55.8% over the past 3-5 years versus the industry average of 7.1%. **Promising Earnings Estimate Revisions** Superiority of a stock in terms of the metrics outlined above can be further validated by looking at the trend in earnings estimate revisions. A positive trend is of course favorable here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. There have been upward revisions in current-year earnings estimates for Powell Industries. The Zacks Consensus Estimate for the current year has surged 32.9% over the past month. **Bottom Line** While the overall earnings estimate revisions have made Powell Industries a Zacks Rank #1 stock, it has earned itself a Growth Score of A based on a number of factors, including the ones discussed above.You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).This combination positions Powell Industries well for outperformance, so growth investors may want to bet on it. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_522_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_11_growth-2315516)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_522&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_11_growth-2315516)[Powell Industries, Inc. (POWL) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=POWL&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_522&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_11_growth-2315516)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315516/is-powell-industries-powl-a-solid-growth-stock-3-reasons-to-think-yes?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_11_growth-2315516)[Zacks Investment Research](https://www.zacks.com/) | Is Powell Industries (POWL) a Solid Growth Stock? 3 Reasons to Think "Yes" | News | Zacks | Zacks Equity Research | 0.0554 | 142.706 | 164.24 | 182.972 | 159.84 | 159.84 | 159.84 | 159.84 | 159.84 | 159.026 | 159.157 | 152.071 | 152.163 | 153.042 | 151.287 | 150.801 | 155.257 | 169.038 | 167.716 |
BBSI | Barrett Business Services, Inc. | Consumer Discretionary | Professional Services | https://www.nasdaq.com/articles/barrett-bbsi-solid-growth-stock-3-reasons-think-yes | 2024-08-02 13:55:00 | Stocks | Investors seek growth stocks to capitalize on above-average growth in financials that help these securities grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end. However, the task of finding cutting-edge growth stocks is made easy with the help of the Zacks Growth Style Score (part of the [Zacks Style Scores](https://www.zacks.com/style-scores-education/) system), which looks beyond the traditional growth attributes to analyze a company's real growth prospects.Barrett Business Services (BBSI) is one such stock that our proprietary system currently recommends. The company not only has a favorable Growth Score, but also carries a top Zacks Rank.Research shows that stocks carrying the best growth features consistently beat the market. And for stocks that have a combination of a Growth Score of A or B and a Zacks Rank #1 (Strong Buy) or 2 (Buy), returns are even better.While there are numerous reasons why the stock of this human resources management company is a great growth pick right now, we have highlighted three of the most important factors below:**Earnings Growth** Arguably nothing is more important than earnings growth, as surging profit levels is what most investors are after. For growth investors, double-digit earnings growth is highly preferable, as it is often perceived as an indication of strong prospects (and stock price gains) for the company under consideration. While the historical EPS growth rate for Barrett is 4.8%, investors should actually focus on the projected growth. The company's EPS is expected to grow 7.7% this year, crushing the industry average, which calls for EPS growth of 2.4%. **Impressive Asset Utilization Ratio** Growth investors often overlook asset utilization ratio, also known as sales-to-total-assets (S/TA) ratio, but it is an important feature of a real growth stock. This metric exhibits how efficiently a firm is utilizing its assets to generate sales.Right now, Barrett has an S/TA ratio of 1.52, which means that the company gets $1.52 in sales for each dollar in assets. Comparing this to the industry average of 1.17, it can be said that the company is more efficient.While the level of efficiency in generating sales matters a lot, so does the sales growth of a company. And Barrett is well positioned from a sales growth perspective too. The company's sales are expected to grow 7.1% this year versus the industry average of 2.9%. **Promising Earnings Estimate Revisions** Beyond the metrics outlined above, investors should consider the trend in earnings estimate revisions. A positive trend is a plus here. Empirical research shows that there is a strong correlation between trends in earnings estimate revisions and near-term stock price movements. There have been upward revisions in current-year earnings estimates for Barrett. The Zacks Consensus Estimate for the current year has surged 0.1% over the past month. **Bottom Line** Barrett has not only earned a Growth Score of B based on a number of factors, including the ones discussed above, but it also carries a Zacks Rank #2 because of the positive earnings estimate revisions.You can see [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).This combination positions Barrett well for outperformance, so growth investors may want to bet on it. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_TALEOFTAPE_522_08022024&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_11_growth-2315517)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_TALEOFTAPE_522&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_11_growth-2315517)[Barrett Business Services, Inc. (BBSI) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BBSI&ADID=SYND_NASDAQ_TCK_TALEOFTAPE_522&cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_11_growth-2315517) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315517/is-barrett-bbsi-a-solid-growth-stock-3-reasons-to-think-yes?cid=CS-NASDAQ-FT-tale_of_the_tape|yseop_template_11_growth-2315517)[Zacks Investment Research](https://www.zacks.com/) | Is Barrett (BBSI) a Solid Growth Stock? 3 Reasons to Think "Yes" | News | Zacks | Zacks Equity Research | 0.0554 | 35.8793 | 36.5752 | 36.5666 | 36.5692 | 36.514 | 36.4491 | 36.448 | 36.4472 | 36.4491 | 36.4491 | 36.6581 | 36.2666 | 35.4043 | 35.0295 | 35.0271 | 34.2778 | 34.58 | 36.5101 |
DXPE | DXP Enterprises, Inc. | Industrials | Industrial Machinery/Components | https://www.nasdaq.com/press-release/dxp-enterprises-inc-announces-second-quarter-2024-earnings-release-and-conference | 2024-08-02 14:02:00 | Unknown | HOUSTON--(BUSINESS WIRE)-- **DXP Enterprises, Inc. (the “Company”) (NASDAQ: DXPE),**a leading business to business products and service distributor that adds value and total cost savings solutions to MRO and OEM customers in virtually every industry, plans to issue a press release announcing its financial results for the second quarter ended June 30, 2024, on Thursday, August 8th. The earnings announcement will be released after the market closes. DXP will host a conference call, to be web cast live, on the Company’s website ([www.dxpe.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dxpe.com&esheet=54103762&newsitemid=20240802850144&lan=en-US&anchor=www.dxpe.com&index=1&md5=ced831ebcb06e21fbeab5876b285f54e))) at 10:30 AM Central Time on Friday, August 9th.The call and an accompanying slide presentation will be on the "Investor Relations" section of DXP's website at [www.dxpe.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dxpe.com&esheet=54103762&newsitemid=20240802850144&lan=en-US&anchor=www.dxpe.com&index=2&md5=f1de7345ed38ca9671f70ad8d80edc00). A replay of the webcast will be available shortly after the conclusion of the presentation.DXP's earnings press release, the slides and other related presentation materials will be posted to the "Investor Relations" section of DXP's website under the subheading "Financial Information" after the market closes on the date of the earnings call and will remain available following the call.Web participants are encouraged to go to the Company’s website ([www.dxpe.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dxpe.com&esheet=54103762&newsitemid=20240802850144&lan=en-US&anchor=www.dxpe.com&index=3&md5=51d07c54b6e7d4a25c7a6ba4250ab2e5))) at least 15 minutes prior to the start of the call to register, download and install any necessary audio software.The Private Securities Litigation Reform Act of 1995 provides a “safe-harbor” for forward-looking statements. Certain information included in this press release (as well as information included in oral statements or other written statements made by or to be made by the Company) contains statements that are forward-looking. Such forward-looking information involves important risks and uncertainties that could significantly affect anticipated results in the future; and accordingly, such results may differ from those expressed in any forward-looking statement made by or on behalf of the Company. These risks and uncertainties include, but are not limited to; ability to obtain needed capital, dependence on existing management, leverage and debt service, domestic or global economic conditions, and changes in customer preferences and attitudes. For more information, review the Company's filings with the Securities and Exchange Commission.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20240802850144r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20240802850144/en/](https://www.businesswire.com/news/home/20240802850144/en/) DXP Enterprises, Inc. Kent Yee, 713-996-4700 Senior Vice President, CFO [www.dxpe.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.dxpe.com&esheet=54103762&newsitemid=20240802850144&lan=en-US&anchor=www.dxpe.com&index=4&md5=69b1802d446129b6db55fbb1d66eb3d5) Source: DXP Enterprises, Inc. | DXP Enterprises, Inc. Announces Second Quarter 2024 Earnings Release and Conference Call | Press Release | Symbol Press Release | Symbol | 0.0554 | 53.3695 | 53.7265 | 54.6766 | 49.852 | 49.7854 | 49.7744 | 49.8523 | 49.8487 | 49.8612 | 49.8612 | 49.5936 | 49.6101 | 49.8398 | 47.2505 | 47.0684 | 47.5604 | 49.53 | 55.0007 |
HPP | Hudson Pacific Properties, Inc. | Finance | Real Estate | https://www.nasdaq.com/articles/vornado-vno-report-q2-earnings-whats-cards | 2024-08-02 14:05:00 | Stocks|CWK|VNO|APLE | **Vornado Realty Trust** [VNO](https://www.nasdaq.com/market-activity/stocks/vno) is scheduled to report second-quarter 2024 results on Aug 5, after market close. The quarterly results are likely to reflect a year-over-year decrease in revenues and funds from operations (FFO) per share.In the last reported quarter, this New York-based real estate investment trust’s (REIT) FFO plus assumed conversions as adjusted per share of 55 cents missed the Zacks Consensus Estimate by 5.2%. Results displayed lower-than-anticipated top-line growth. Over the trailing four quarters, Vornado’s FFO plus assumed conversions as adjusted per share surpassed the Zacks Consensus Estimate on two occasions, met on another and missed on the remaining period, the average beat being 3.5%. This is depicted in the graph below:**Vornado Realty Trust Price and EPS Surprise** [](https://www.zacks.com/stock/chart/VNO/price-eps-surprise?icid=chart-VNO-price-eps-surprise)[Vornado Realty Trust price-eps-surprise](https://www.zacks.com/stock/chart/VNO/price-eps-surprise?icid=chart-VNO-price-eps-surprise) | [Vornado Realty Trust Quote](https://www.nasdaq.com/market-activity/stocks/vno)**U.S. Office Market** Per a **Cushman & Wakefield** [CWK](https://www.nasdaq.com/market-activity/stocks/cwk) report, although the U.S. economy is now slowing, job growth remains healthy. CWK expects office-using job growth to be moderate for the remainder of the year before picking up in 2025.National absorption of negative 18.2 million square feet (msf) for the second quarter improved from the negative 25.5 msf recorded in the previous quarter, bringing the four-quarter rolling total to a negative 69.6 msf. The second quarter of 2024 marked the 10th straight quarter for office demand being negative.The Cushman & Wakefield report highlights that despite the weaker trends at the national level, demand for office spaces outperforms in some markets. In the first half of 2024, 28 markets reported positive absorption. In addition, occupiers’ growing preference for high-quality office properties has played a key role in leading to positive absorption rates in these markets.Nonetheless, the second-quarter national vacancy rate reached a record high of 20.5%, increasing 55 basis points (bps) sequentially and 180 bps year over year. The national asking rent increased to $37.91 in the second quarter from $37.78 in the previous quarter. **Projections** Although Vornado has a portfolio of premium office assets strategically situated in sought-after markets like New York, Chicago and San Francisco, its performance in the to-be-reported quarter is likely to have been affected by the choppy environment in the office real estate market.Also, competition from developers, owners and operators of office properties and other commercial real estate, including sublease space available from its tenants, might have partly limited VNO’s ability to increase rents and/or backfill tenant move-outs and vacancies during the quarter.The Zacks Consensus Estimate for quarterly revenues is pegged at $435.6 million, suggesting a decrease of 7.8% from the year-ago quarter’s reported figure. The consensus mark for Vornado’s New York revenues stands at $355.1 million, indicating a decline from $362.5 million in the prior-year quarter. The consensus estimate for occupancy in the New York office portfolio is pegged at 89.50%, down from 91.90% reported a year ago.Further, high interest rates are expected to have been a spoilsport during the to-be-reported quarter. Elevated rates imply high borrowing costs for the company, which would affect its ability to purchase or develop real estate.The company’s activities during the to-be-reported quarter were inadequate to garner analysts’ confidence. The Zacks Consensus Estimate for the quarterly FFO per share has been revised a cent downward to 55 cents over the past two months. The figure also suggests a 23.6% decline from the prior-year period’s reported number. **What Our Quantitative Model Predicts** Our proven model does not conclusively predict a surprise in terms of FFO per share for Vornado this season. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an FFO beat, which is not the case here.Vornado has an Earnings ESP of -3.20% and currently carries a Zacks Rank of 4 (Sell). You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Stocks That Warrant a Look** Here are two stocks from the broader REIT sector — **Hudson Pacific Properties** [HPP](https://www.nasdaq.com/market-activity/stocks/hpp) and **Apple Hospitality REIT** [APLE](https://www.nasdaq.com/market-activity/stocks/aple) — that you may want to consider, as our model shows that these have the right combination of elements to report a surprise this quarter.Hudson Pacific Properties, slated to release quarterly numbers on Aug 7, has an Earnings ESP of +4.35% and carries a Zacks Rank of 3 at present. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**.Apple Hospitality, scheduled to report quarterly numbers on Aug 5, has an Earnings ESP of +12.21% and carries a Zacks Rank of 2.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar).Note: Anything related to earnings presented in this write-up represents funds from operations (FFO), a widely used metric to gauge the performance of REITs. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_211_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315527)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315527)[Vornado Realty Trust (VNO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=VNO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315527)[Hudson Pacific Properties, Inc. (HPP) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HPP&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315527)[Apple Hospitality REIT, Inc. (APLE) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=APLE&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315527) [Cushman & Wakefield PLC (CWK) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CWK&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315527) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315527/vornado-vno-to-report-q2-earnings-what-s-in-the-cards?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315527)[Zacks Investment Research](https://www.zacks.com/) | Vornado (VNO) to Report Q2 Earnings: What's in the Cards? | News | Zacks | Zacks Equity Research | 0.0554 | 5.86417 | 8.52625 | 7.86061 | 5.52028 | 5.52619 | 5.52619 | 5.52619 | 5.52171 | 5.52171 | 5.71556 | 5.6092 | 5.52655 | 12.2576 | 6.88993 | 6.03028 | 7.40738 | 11.98 | 12.7 |
TRS | TriMas Corporation | Industrials | Industrial Specialties | https://www.nasdaq.com/articles/trimas-trs-q2-earnings-miss-estimates-revenues-rise-y-y | 2024-08-02 14:14:00 | Stocks|KALU|TKR|NWPX | **TriMas Corporation** [TRS](https://www.nasdaq.com/market-activity/stocks/trs) reported second-quarter 2024 adjusted earnings per share (EPS) of 43 cents (including non-cash compensation expenses), which missed the Zacks Consensus Estimate of 53 cents. The bottom line declined 23.2% from the prior-year quarter.Including the impacts of one-time items, the company reported an EPS of 27 cents compared with the year-ago quarter's 26 cents.The company's revenues increased 3.1% year over year to $241 million. Organic sales growth in packaging and aerospace product lines helped offset lower market demand for products used in some industrial, and oil and gas applications in the Specialty Products segment. The top line beat the Zacks Consensus Estimate of $232 million.Overall, organic sales improved 2.8% in the quarter. Contribution from acquisitions to sales was 0.6% in the quarter. **TriMas Corporation Price, Consensus and EPS Surprise**** [](https://www.zacks.com/stock/chart/TRS/price-consensus-eps-surprise-chart?icid=chart-TRS-price-consensus-eps-surprise-chart)** [TriMas Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/TRS/price-consensus-eps-surprise-chart?icid=chart-TRS-price-consensus-eps-surprise-chart) | [TriMas Corporation Quote](https://www.nasdaq.com/market-activity/stocks/trs) **Costs & Margins** The cost of sales rose 4.4% year over year to $186.5 million in the reported quarter. Gross profit declined 1% year over year to $54 million. The gross margin was 22.5% compared with 23.4% in the prior-year quarter.Selling, general and administrative expenses rose 4.9% year over year to $36 million. Adjusted operating profit declined 24% year over year to $21 million. The adjusted operating margin contracted to 8.6% from the prior-year quarter’s 11.8%. **Segment Performances****Packaging**: Net sales came in at $132 million compared with the year-ago quarter’s $117 million. The upside was driven by organic growth within the personal care, beauty and industrial end markets. The revenue figure was higher than our estimate of $126 million. Organic sales rose 13% year over year. Adjusted operating profit plunged 15.9% year over year to $18.5 million in the reported quarter. We had projected the segment’s adjusted operating profit at $22 million. **Aerospace**: Net sales increased 30% year over year to $78 million, attributed to increased production efficiencies and commercial actions. The figure surpassed our estimate of $67 million. Organic sales rose 27.6%.The segment reported an adjusted operating profit of $10.5 million, marking a substantial jump from the year-ago quarter’s $3.7 million, driven by the company’s operational excellence initiatives and higher conversion rates. We had projected the segment’s adjusted operating profit at $7.5 million. **Specialty Products**: The segment's revenues decreased 45% year over year to $31 million due to lower demand. Revenues were lower than our estimate of $39 million. Operating profit fell 95.2% year over year to $0.58 million. **Financial Performance** In the first six months of 2024, TriMas repurchased approximately 671,937 of its outstanding common stock for $16.9 million. The company generated $18.4 million of adjusted cash flow from operations in the quarter under review compared with $16.5 million in the prior-year quarter.TRS ended the quarter with $35 million of cash on hand compared to $34.8 million reported at the end of 2023. The company had $232.5 million of cash and available borrowing capacity under its revolving credit facility. As of Jun 30, 2024, the total debt was $427 million compared with $396 million as of Dec 31, 2023. **2024 Guidance** TriMas lowered its guidance for 2024, anticipating a decline in sales in the Specialty Products segment. The company expects an adjusted EPS of $1.70-$1.90, down from the previously stated $1.95 to $2.15. **Price Performance** TRS shares have declined 5.5% in the past year against the [industry](https://www.zacks.com/stocks/industry-rank/industry/metal-products-procurement-and-fabrication-119)’s 24.8% growth. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/20/73219.jpg?v=891218608) Image Source: Zacks Investment Research******Zacks Rank** TriMas carries a Zacks Rank #2 (Buy) at present. You can see ** [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**. **Peer Performances****The Timken Company** [TKR](https://www.nasdaq.com/market-activity/stocks/tkr) reported an adjusted EPS of $1.63 in second-quarter 2024, beating the Zacks Consensus Estimate of $1.60. The bottom line declined 19% year over year from $2.01 in the year-ago quarter.Timken’s revenues in the quarter were $1.18 billion, down 7.1% from the year-ago quarter. The figure was in line with the consensus estimate. **Kaiser Aluminum** [KALU](https://www.nasdaq.com/market-activity/stocks/kalu) reported second-quarter adjusted EPS of 65 cents, which missed the Zacks Consensus Estimate of 94 cents. The bottom-line figure fell 48% from the year-ago quarter.Net sales of KALU declined 5% year over year to $773 million and missed the consensus estimate of $793 million. **Northwest Pipe Co.** [NWPX](https://www.nasdaq.com/market-activity/stocks/nwpx) came out with second-quarter earnings of 86 cents per share, beating the Zacks Consensus Estimate of 67 cents per share. This compares with earnings of 74 cents per share a year ago. Northwest Pipe posted revenues of $129 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate of $120 million. The top line increased 12.1% year over year. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_210_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315558)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315558)[Timken Company (The) (TKR) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TKR&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315558)[Kaiser Aluminum Corporation (KALU) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=KALU&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315558)[Northwest Pipe Company (NWPX) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=NWPX&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315558)[TriMas Corporation (TRS) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TRS&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315558)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315558/trimas-trs-q2-earnings-miss-estimates-revenues-rise-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315558)[Zacks Investment Research](https://www.zacks.com/) | TriMas (TRS) Q2 Earnings Miss Estimates, Revenues Rise Y/Y | News | Zacks | Zacks Equity Research | 0.0554 | 27.464 | 25.1835 | 24.6239 | 23.5605 | 23.5606 | 23.5747 | 23.5634 | 23.5606 | 23.5606 | 23.5606 | 23.6009 | 23.5514 | 23.8143 | 23.7521 | 23.6011 | 22.7797 | 24.16 | 25.3867 |
KMT | Kennametal Inc. | Industrials | Industrial Machinery/Components | https://www.nasdaq.com/articles/lincoln-electric-leco-q2-earnings-beat-revenues-dip-y-y | 2024-08-02 14:14:00 | Stocks|LECO|SWK|EPAC | **Lincoln Electric Holdings, Inc.** [LECO](https://www.nasdaq.com/market-activity/stocks/leco) reported adjusted earnings of $2.34 per share in the second quarter of 2024, beating the Zacks Consensus Estimate of $2.30. The bottom line decreased 4.1% year over year.Including one-time items, the bottom line was $1.77 per share compared with $2.36 in the prior-year quarter.Total revenues fell 3.7% year over year to $1.02 billion. However, the top line marginally beat the Zacks Consensus Estimate of $1.01 billion. The decline was due to a 4.4% fall in organic sales, partially offset by a 1.2% benefit from acquisitions. **Lincoln Electric Holdings, Inc. Price, Consensus and EPS Surprise**** [](https://www.zacks.com/stock/chart/LECO/price-consensus-eps-surprise-chart?icid=chart-LECO-price-consensus-eps-surprise-chart)** [Lincoln Electric Holdings, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/LECO/price-consensus-eps-surprise-chart?icid=chart-LECO-price-consensus-eps-surprise-chart) | [Lincoln Electric Holdings, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/leco) **Costs & Margins** The cost of goods sold fell 7.2% to $638 million from the prior-year quarter. The gross profit increased 2.8% to $384 million. The gross margin was 37.6% compared with the year-ago quarter’s 35.2%.Selling, general and administrative expenses increased 8.2% year over year to $208.5 million. Adjusted operating profit decreased 3.6% to $178 million in the quarter. The adjusted operating margin was 17.4% in the reported quarter, flat year over year. **Segmental Performance****Americas Welding**: The segment’s total sales decreased to $687 million from $708 million in the year-earlier quarter. The reported figure lagged our estimated revenues of $714 million. Adjusted operating income totaled $137 million compared with $140 million in the prior-year quarter. We estimated an adjusted operating income of $131 million. **International Welding**: This segment’s revenues fell 5.4% year over year to $248 million in the reported quarter. We projected quarterly revenues of $251 million. The segment reported an adjusted operating profit of $26 million compared with the year-ago quarter’s $34 million. The reported figure missed our estimate of $29 million. **The Harris Products Group**: The segment’s second-quarter total sales amounted to around $137 million, reflecting a year-over-year rise of 3.2%. The figure beat our estimate of $133 million. Adjusted operating profit was $25 million compared with the prior-year quarter’s $20 million. Our prediction for the segment’s adjusted income was $22 million. **Financial Update** Lincoln Electric had cash and cash equivalents of around $223 million at the end of the second quarter of 2024 compared with $394 million at the 2023 end. The company generated $171 million in cash flow from operations in the quarter under review compared with $199 million in the year-ago quarter. LECO returned $91 million to shareholders via dividends and share repurchases throughout the quarter. **Price Performance** Lincoln Electric’s shares have gained 3.4% in the past year compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-tools-related-products-94)’s growth of 10.3%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/8e/73218.jpg?v=354166043) Image Source: Zacks Investment Research ******Zacks Rank** Lincoln Electric carries a Zacks Rank #3 (Hold) at present. You can see ** [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**. **Peer Performances****Stanley Black & Decker, Inc.** [SWK](https://www.nasdaq.com/market-activity/stocks/swk) reported second-quarter 2024 adjusted earnings of $1.09 per share, which beat the Zacks Consensus Estimate of 85 cents. The company reported a loss of 11 cents per share in the year-ago quarter.Stanley Black’s net sales of $4.02 billion beat the consensus estimate of $4.01 billion. The top line declined 3.2% year over year due to weakness in the Industrial segment. **Enerpac Tool Group Corp.** [EPAC](https://www.nasdaq.com/market-activity/stocks/epac) reported third-quarter fiscal 2024 (ended May 31 2024) adjusted earnings of 47 cents per share, in line with the Zacks Consensus Estimate. The company reported earnings of 39 cents per share in the year-ago quarter.EPAC’s net sales of $150 million missed the consensus estimate of $153 million. The top line declined 4% year over year. **Manufacturing Stock Awaiting Results****Kennametal Inc.** [KMT](https://www.nasdaq.com/market-activity/stocks/kmt) is set to release its fourth-quarter fiscal 2024 results on Aug 7.The Zacks Consensus Estimate for KMT’s earnings per share is pegged at 44 cents for the fiscal fourth quarter, suggesting a decline of 13.7% from the year-ago reported figure. The Zacks Consensus Estimate for total revenues is pinned at $532.1 million, indicating a year-over-year decrease of 3.3%. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_210_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315557)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315557)[Stanley Black & Decker, Inc. (SWK) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SWK&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315557)[Lincoln Electric Holdings, Inc. (LECO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=LECO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315557)[Kennametal Inc. (KMT) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KMT&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315557)[Enerpac Tool Group Corp. (EPAC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=EPAC&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315557) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315557/lincoln-electric-leco-q2-earnings-beat-revenues-dip-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315557)[Zacks Investment Research](https://www.zacks.com/) | Lincoln Electric (LECO) Q2 Earnings Beat, Revenues Dip Y/Y | News | Zacks | Zacks Equity Research | 0.0554 | 25.5042 | 26.2691 | 26.1385 | 24.871 | 24.4579 | 24.4632 | 24.4632 | 24.4579 | 24.4579 | 24.464 | 24.19 | 24.0603 | 24.2164 | 23.5886 | 23.5311 | 24.0208 | 25.1 | 25.87 |
HPP | Hudson Pacific Properties, Inc. | Finance | Real Estate | https://www.nasdaq.com/articles/whats-store-simon-property-spg-earnings-season | 2024-08-02 14:14:00 | Stocks|APLE|SPG|CWK | **Simon Property Group** [SPG](https://www.nasdaq.com/market-activity/stocks/spg) is slated to report second-quarter 2024 results on Aug 5, after market close. The company’s quarterly results are likely to display year-over-year growth in revenues and funds from operations (FFO) per share.In the last reported quarter, this Indianapolis, IN-based retail real estate investment trust (REIT) delivered a surprise of 27.1% in terms of FFO per share. Results reflected better-than-anticipated revenues, backed by a rise in the base rent per square foot and occupancy levels. However, higher interest expenses partly offset the upsides. Over the preceding four quarters, Simon Property’s FFO per share surpassed the Zacks Consensus Estimate on three occasions and missed on remaining period, the average surprise being 11%. This is depicted in the graph below:**Simon Property Group, Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/SPG/price-eps-surprise?icid=chart-SPG-price-eps-surprise)[Simon Property Group, Inc. price-eps-surprise](https://www.zacks.com/stock/chart/SPG/price-eps-surprise?icid=chart-SPG-price-eps-surprise) | [Simon Property Group, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/spg) In this article, we will dive deep into the U.S. retail real estate market environment and the company's fundamentals and analyze the factors that may have contributed to its second-quarter 2024 performance. **U.S. Retail Real Estate Market in Q2**Per a **Cushman & Wakefield** [CWK](https://www.nasdaq.com/market-activity/stocks/cwk) report, although gains in real income and employment continue to support consumer spending, the growth rate has decelerated and become more uneven in recent months.On a year-over-year basis, the national retail vacancy rate remained unchanged at 5.3% in the second quarter. The vacancy rate was steady for the third consecutive quarter and was among the lowest rates since 2007. Asking rents continue to increase in response to a tight market. In the second quarter, on average, the asking rents for shopping centers improved 3.8% year over year to $24.37 per square foot.The second quarter witnessed a positive net absorption in the retail market, totaling 1.4 million square feet (msf) nationally. This marked a bounce back from its first negative reading over the past three years, recorded in the first quarter of 2024.Since 2020, new retail construction has been minimal, and it has further retrenched due to high interest rates and other financing challenges. **Factors at Play** Simon Property is expected to benefit from its portfolio of premium retail assets across the United States and globally. As consumers increasingly favored in-person shopping experiences after the pandemic lull, it is likely that the demand for SPG's properties remained healthy during the second quarter.The implementation of an omnichannel approach and successful partnerships with top-tier retailers are expected to yield significant returns for Simon Property. The exploration of mixed-use development, a concept that has garnered widespread popularity in recent years, is likely to have allowed SPG to seize growth prospects in locations where individuals desire to reside, work and enjoy recreational activities. The Zacks Consensus Estimate for second-quarter lease income is pegged at $1.31 billion, up from $1.25 billion reported in the year-ago quarter. The consensus mark for other income stands at $91 million, up from $81 million reported in the prior-year quarter.In addition, the consensus estimate for quarterly revenues is presently pegged at $1.43 billion, which indicates an increase of 4.4% year over year.We also expect the company’s solid balance sheet position to have supported its strategic expansions during the quarter to be reported.However, growing e-commerce adoption may have cast a pall on SPG’s performance in the to-be-reported quarter. We estimate the total portfolio ending occupancy to remain unchanged at 95.5% in the second quarter sequentially.The consensus mark for management fees and other revenues stands at $33 million, marginally down from the prior-year quarter’s reported figure of $33.5 million. Also, elevated interest rates may have kept expenses higher in the to-be-reported quarter. We estimate a 1.8% year-over-year increase in interest expenses for the second quarter.Simon Property’s activities during the soon-to-be-reported quarter were not adequate to gain analysts’ confidence. The Zacks Consensus Estimate for the second-quarter FFO per share of $2.92 has not been revised over the past month. However, it suggests a 1.4% increase year over year. **What Our Quantitative Model Predicts** Our proven model predicts a likely beat in terms of FFO per share for Simon Property this season. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an FFO beat, which is the case here.Simon Property currently has an Earnings ESP of +0.44% and carries a Zacks Rank of 3. You can uncover the best stocks to buy or sell before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Other Stocks That Warrant a Look** Here are two other stocks from the broader REIT sector — **Hudson Pacific Properties** [HPP](https://www.nasdaq.com/market-activity/stocks/hpp) and **Apple Hospitality REIT** [APLE](https://www.nasdaq.com/market-activity/stocks/aple) — that you may want to consider, as our model shows that these ,too, have the right combination of elements to report a surprise this quarter. Hudson Pacific Properties, slated to release quarterly numbers on Aug 7, has an Earnings ESP of +4.35% and carries a Zacks Rank of 3 at present. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**.Apple Hospitality, scheduled to report quarterly numbers on Aug 5, has an Earnings ESP of +12.21% and carries a Zacks Rank of 2.Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar).Note: Anything related to earnings presented in this write-up represents funds from operations (FFO) — a widely used metric to gauge the performance of REITs. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_211_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315531)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315531)[Simon Property Group, Inc. (SPG) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SPG&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315531)[Hudson Pacific Properties, Inc. (HPP) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HPP&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315531)[Apple Hospitality REIT, Inc. (APLE) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=APLE&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315531) [Cushman & Wakefield PLC (CWK) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CWK&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315531) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315531/what-s-in-store-for-simon-property-spg-this-earnings-season?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315531)[Zacks Investment Research](https://www.zacks.com/) | What's in Store for Simon Property (SPG) This Earnings Season? | News | Zacks | Zacks Equity Research | 0.0554 | 5.86417 | 8.52625 | 7.86061 | 5.52028 | 5.52619 | 5.52619 | 5.52619 | 5.52619 | 5.52171 | 5.5961 | 5.56498 | 5.53128 | 12.2576 | 6.88993 | 6.03028 | 7.40738 | 11.98 | 12.7 |
VITL | Vital Farms, Inc. | Consumer Staples | Packaged Foods | https://www.nasdaq.com/articles/ab-inbev-bud-tops-q2-earnings-revenues-robust-demand | 2024-08-02 14:14:00 | Unknown | **Anheuser-Busch InBev SA/NV** [BUD](https://www.nasdaq.com/market-activity/stocks/bud), alias AB InBev, reported solid results in second-quarter 2024. The company’s revenues and earnings beat the Zacks Consensus Estimate and improved year over year. Top and bottom-line growth reflected a positive business momentum, owing to the strength of its diversified footprint and consumer demand for its megabrands. The company outlined its view for 2024.AB InBev reported an underlying EPS (normalized EPS, excluding mark-to-market gains and losses related to the hedging of share-based payment programs, and the impacts of hyperinflation) of 90 cents in second-quarter 2024, up 25% from the 72 cents earned in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of 84 cents. Underlying EPS growth was driven by double-digit organic EBITDA growth and continued optimization of its business.Revenues of $15.3 billion increased 1.4% from the year-ago quarter and surpassed the Zacks Consensus Estimate of $15.2 billion. The company registered organic revenue growth of 2.7%, primarily driven by robust revenue per hectoliter (hl) growth and revenue growth in 65% of its markets. Revenues benefited from pricing actions, continued premiumization and other revenue-management initiatives. Accelerated digital transformation also contributed to top-line growth in the quarter.Shares of the Zacks Rank #3 (Hold) company have gained 7.5% in the past year against the [industry](https://www.zacks.com/stocks/industry-rank/industry/beverages-alcohol-19)’s decline of 19.7%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/96/73230.jpg?v=872724521) Image Source: Zacks Investment Research ******Q2 Details** Revenue per hl improved 3.6% year over year on an organic basis, backed by revenue-management initiatives. However, the company’s total organic volume dipped 0.8% as the declines in the China and Argentina regions were partly offset by growth in the Middle Americas, South America, Africa, and Europe. The total organic volume included a 1.3% decline in the own-beer volume, offset by 3.4% growth in the non-beer volume.Revenues reflected strong performances of its megabrands — Budweiser, Corona, Stella Artois, Corona and Michelob Ultra — which collectively advanced 3.3% year over year outside their home markets in the second quarter. This growth was led by a 5.6% rise in Corona outside of its home markets.AB InBev has been keen on making the most of investments in its portfolio over the years, as well as rapidly growing its digital platform, including BEES and Zé Delivery. The company’s digital transformation initiatives have been on track, with B2B digital platforms contributing about 70% to its revenues in the second quarter. The company noted that the monthly active user base of BEES reached 3.8 million users in second-quarter 2024. Its omni-channel, direct-to-consumer ecosystem of digital and physical products generated $400 million in revenues in the reported quarter. **Anheuser-Busch InBev SA/NV Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/BUD/price-consensus-eps-surprise-chart?icid=chart-BUD-price-consensus-eps-surprise-chart)[Anheuser-Busch InBev SA/NV price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/BUD/price-consensus-eps-surprise-chart?icid=chart-BUD-price-consensus-eps-surprise-chart) | [Anheuser-Busch InBev SA/NV Quote](https://www.nasdaq.com/market-activity/stocks/bud) BUD has been focused on expanding its Beyond Beer portfolio, which has also been aiding the top line. Notably, the Beyond Beer portfolio contributed $375 million to the total revenues in the second quarter.The cost of sales declined 3.6% on a reported basis and 2.2% on an organic basis to $6.8 billion in the second quarter. SG&A expenses rose 2.3% year over year on both reported and organic basis to $4.8 billion.Our model had predicted the cost of sales to decrease 1.1% for the second quarter, with a decline of 120 basis points (bps) in the cost-of-sales rate to 45.2%. The SG&A expense rate was anticipated to decline 50 bps to 30.6%. In dollar terms, SG&A expenses were expected to be flat year over year for the second quarter.The company’s normalized earnings before interest, taxes, depreciation and amortization (EBITDA) were $5.3 billion, which improved 8% year over year on a reported basis and 10.2% on an organic basis. The normalized EBITDA margin expanded 210 bps year over year on a reported basis and 236 bps organically to 34.6%. The organic EBITDA margin benefited from cost efficiencies and disciplined overhead management.We anticipated the normalized EBITDA to increase 7.5% year over year to $5.28 billion. Meanwhile, the normalized EBITDA margin was expected to expand 180 bps to 34.3% in the second quarter. **Outlook** For 2024, AB InBev expects year-over-year EBITDA growth of 4-8%, in line with its medium-term outlook. The company expects net pension interest expenses and accretion expenses of $220-$250 million, based on currency and interest rate fluctuations. It anticipates an average gross debt coupon of 4% for 2024.Management expects a normalized effective tax rate of 27-29% for 2024. Net capital expenditure is projected to be $4-$4.5 billion for 2024, driven by higher investments in innovation and other consumer-centric initiatives to fuel the ongoing momentum. **Stocks to Consider** We highlighted some better-ranked stocks from the broader Consumer Staples space, namely **Vital Farms** [VITL](https://www.nasdaq.com/market-activity/stocks/vitl), **The Chef's Warehouse** [CHEF](https://www.nasdaq.com/market-activity/stocks/chef) and **The Coca-Cola Company** [KO](https://www.nasdaq.com/market-activity/stocks/ko).Vital Farms offers a range of produced pasture-raised foods. It currently sports a Zacks Rank #1 (Strong Buy). VITL has a trailing four-quarter earnings surprise of 102.1%, on average. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate Vital Farms’ current financial-year sales and EPS indicates growth of 24.9% and 66.1%, respectively, from the year-ago reported numbers. The consensus mark for VITL’s EPS has moved up 2.1% in the past 30 days.Chef's Warehouse, a distributor of specialty food products in the United States, presently has a Zacks Rank #2 (Buy). CHEF has a trailing four-quarter earnings surprise of 33.7%, on average.The Zacks Consensus Estimate for CHEF’s current financial year’s sales and earnings indicates growth of 9.5% and 7.9%, respectively, from the prior-year reported numbers. The consensus mark for CHEF’s EPS has been unchanged in the past 30 days.Coca-Cola, a leading beverage company, currently carries a Zacks Rank #2. KO has a trailing four-quarter earnings surprise of 4.7%, on average.The Zacks Consensus Estimate for Coca-Cola’s current financial year’s sales and EPS indicates growth of 0.5% and 5.6%, respectively, from the year-ago reported numbers. The consensus mark for KO’s EPS has moved up 0.7% in the past 30 days. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_210_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315564)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315564)[CocaCola Company (The) (KO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315564)[Anheuser-Busch InBev SA/NV (BUD) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BUD&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315564)[The Chefs' Warehouse, Inc. (CHEF) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CHEF&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315564)[Vital Farms, Inc. (VITL) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VITL&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315564)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315564/ab-inbev-bud-tops-on-q2-earnings-revenues-on-robust-demand?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315564)[Zacks Investment Research](https://www.zacks.com/) | AB InBev (BUD) Tops on Q2 Earnings & Revenues on Robust Demand | News | Zacks | Zacks Equity Research | 0.0554 | 35.8667 | 36.663 | 37.1004 | 35.3221 | 35.3562 | 35.33 | 35.3368 | 35.3015 | 35.5267 | 35.5926 | 34.9974 | 34.861 | 34.9279 | 33.9914 | 33.9504 | 34.296 | 31.1965 | 31.6186 |
PLPC | Preformed Line Products Company | Industrials | Water Sewer Pipeline Comm & Power Line Construction | https://www.nasdaq.com/articles/preformed-line-products-plpc-earnings-decline-y-y-q2 | 2024-08-02 14:14:00 | Stocks | **Preformed Line Products Company** [PLPC](https://www.nasdaq.com/market-activity/stocks/plpc) reported challenging second-quarter 2024 results, with significant declines in both earnings and revenues from the prior-year period. The company faced headwinds from reduced spending in the communications end market and unfavorable foreign currency translations.Despite lower sales, PLPC managed to control operating costs. The company remains focused on cost reduction and strategic investments to navigate the current market conditions. The following analysis delves into the detailed financial metrics and strategic developments that have contributed to the company’s quarterly results. **Preformed Line Products Company Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/PLPC/price-consensus-eps-surprise-chart?icid=chart-PLPC-price-consensus-eps-surprise-chart)[Preformed Line Products Company price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/PLPC/price-consensus-eps-surprise-chart?icid=chart-PLPC-price-consensus-eps-surprise-chart) | [Preformed Line Products Company Quote](https://www.nasdaq.com/market-activity/stocks/plpc)**Q2 Results** Preformed Line Products reported a second-quarter 2024 earnings per share of $1.89, significantly declining from the $4.08 reported in the year-ago quarter.Total quarterly revenues of $138.7 million for second-quarter 2024 marked a 14% decrease from $181.8 million in the second quarter of 2023.The weak quarterly results are primarily attributed to a continued slowdown in spending in the communications end market. Additionally, foreign currency translation negatively impacted the quarterly results. **Profitability** Net income for the second quarter of 2024 was $9.4 million, down 54% from the $20.5 million reported in the second quarter of 2023. The significant decrease in net income was mainly due to the lower gross profit resulting from decreased sales levels. However, this was partially offset by reductions in period expenses, interest expenses and income tax expenses.Gross profit for the second quarter of 2024 was $44.3 million, down 33.2% from the $66.3 million reported in the second quarter of 2023. Gross profit as a percentage of net sales decreased by 460 basis points to 31.9% in the second quarter of 2024 from the prior-year quarter. This reduction is a direct consequence of the lower sales volume and the adverse impacts of reduced spending in the communications end market. **Operating Costs** Total operating costs for the second quarter of 2024 decreased to $32.98 million from $38.18 million in the second quarter of 2023. Selling costs decreased to $11.93 million from $13.01 million in the previous year.General and administrative costs slipped year over year to $15.25 million from $18.22 million. Research and engineering costs slightly declined to $5.36 million from $5.76 million. The decrease in these expenses reflects the company's ongoing efforts to streamline operations and control costs amid reduced sales volumes. **Liquidity** As of Jun 30, 2024, PLPC's liquidity position included $47.4 million in cash, cash equivalents and restricted cash, marking a dip from $53.6 million at the end of 2023. The company's debt profile comprised $2.8 million in the current portion of long-term debt, with an additional $28.8 million in long-term debt (excluding the current portion). **Management Guidance** The company remains optimistic about the market's prospects and continues to invest in product development, streamline manufacturing operations and expand its customer service portfolio. These actions are expected to position the company well for favorable market conditions. **Other Developments** PLPC highlighted the continuation of cost-reduction activities initiated in 2023, which have helped maintain financial stability during the market slowdown. These efforts include streamlining manufacturing operations and investing in product development. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_210_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315556)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315556)[Preformed Line Products Company (PLPC): Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=TCK_MC_SYND&d_alert=ZER_CONF&t=PLPC&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315556)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315556/preformed-line-products-plpc-earnings-decline-y-y-in-q2?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315556)[Zacks Investment Research](https://www.zacks.com/) | Preformed Line Products (PLPC) Earnings Decline Y/Y in Q2 | News | Zacks | Zacks Equity Research | 0.0554 | 133.945 | 134.876 | 135.587 | 123.789 | 123.781 | 123.781 | 123.789 | 123.786 | 123.786 | 123.786 | 121.717 | 123.623 | 124.272 | 121.267 | 121.147 | 119.471 | 118.98 | 119.93 |
KALU | Kaiser Aluminum Corporation | Industrials | Metal Fabrications | https://www.nasdaq.com/articles/trimas-trs-q2-earnings-miss-estimates-revenues-rise-y-y | 2024-08-02 14:14:00 | Stocks|TRS|TKR|NWPX | **TriMas Corporation** [TRS](https://www.nasdaq.com/market-activity/stocks/trs) reported second-quarter 2024 adjusted earnings per share (EPS) of 43 cents (including non-cash compensation expenses), which missed the Zacks Consensus Estimate of 53 cents. The bottom line declined 23.2% from the prior-year quarter.Including the impacts of one-time items, the company reported an EPS of 27 cents compared with the year-ago quarter's 26 cents.The company's revenues increased 3.1% year over year to $241 million. Organic sales growth in packaging and aerospace product lines helped offset lower market demand for products used in some industrial, and oil and gas applications in the Specialty Products segment. The top line beat the Zacks Consensus Estimate of $232 million.Overall, organic sales improved 2.8% in the quarter. Contribution from acquisitions to sales was 0.6% in the quarter. **TriMas Corporation Price, Consensus and EPS Surprise**** [](https://www.zacks.com/stock/chart/TRS/price-consensus-eps-surprise-chart?icid=chart-TRS-price-consensus-eps-surprise-chart)** [TriMas Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/TRS/price-consensus-eps-surprise-chart?icid=chart-TRS-price-consensus-eps-surprise-chart) | [TriMas Corporation Quote](https://www.nasdaq.com/market-activity/stocks/trs) **Costs & Margins** The cost of sales rose 4.4% year over year to $186.5 million in the reported quarter. Gross profit declined 1% year over year to $54 million. The gross margin was 22.5% compared with 23.4% in the prior-year quarter.Selling, general and administrative expenses rose 4.9% year over year to $36 million. Adjusted operating profit declined 24% year over year to $21 million. The adjusted operating margin contracted to 8.6% from the prior-year quarter’s 11.8%. **Segment Performances****Packaging**: Net sales came in at $132 million compared with the year-ago quarter’s $117 million. The upside was driven by organic growth within the personal care, beauty and industrial end markets. The revenue figure was higher than our estimate of $126 million. Organic sales rose 13% year over year. Adjusted operating profit plunged 15.9% year over year to $18.5 million in the reported quarter. We had projected the segment’s adjusted operating profit at $22 million. **Aerospace**: Net sales increased 30% year over year to $78 million, attributed to increased production efficiencies and commercial actions. The figure surpassed our estimate of $67 million. Organic sales rose 27.6%.The segment reported an adjusted operating profit of $10.5 million, marking a substantial jump from the year-ago quarter’s $3.7 million, driven by the company’s operational excellence initiatives and higher conversion rates. We had projected the segment’s adjusted operating profit at $7.5 million. **Specialty Products**: The segment's revenues decreased 45% year over year to $31 million due to lower demand. Revenues were lower than our estimate of $39 million. Operating profit fell 95.2% year over year to $0.58 million. **Financial Performance** In the first six months of 2024, TriMas repurchased approximately 671,937 of its outstanding common stock for $16.9 million. The company generated $18.4 million of adjusted cash flow from operations in the quarter under review compared with $16.5 million in the prior-year quarter.TRS ended the quarter with $35 million of cash on hand compared to $34.8 million reported at the end of 2023. The company had $232.5 million of cash and available borrowing capacity under its revolving credit facility. As of Jun 30, 2024, the total debt was $427 million compared with $396 million as of Dec 31, 2023. **2024 Guidance** TriMas lowered its guidance for 2024, anticipating a decline in sales in the Specialty Products segment. The company expects an adjusted EPS of $1.70-$1.90, down from the previously stated $1.95 to $2.15. **Price Performance** TRS shares have declined 5.5% in the past year against the [industry](https://www.zacks.com/stocks/industry-rank/industry/metal-products-procurement-and-fabrication-119)’s 24.8% growth. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/20/73219.jpg?v=891218608) Image Source: Zacks Investment Research******Zacks Rank** TriMas carries a Zacks Rank #2 (Buy) at present. You can see ** [the complete list of today's Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**. **Peer Performances****The Timken Company** [TKR](https://www.nasdaq.com/market-activity/stocks/tkr) reported an adjusted EPS of $1.63 in second-quarter 2024, beating the Zacks Consensus Estimate of $1.60. The bottom line declined 19% year over year from $2.01 in the year-ago quarter.Timken’s revenues in the quarter were $1.18 billion, down 7.1% from the year-ago quarter. The figure was in line with the consensus estimate. **Kaiser Aluminum** [KALU](https://www.nasdaq.com/market-activity/stocks/kalu) reported second-quarter adjusted EPS of 65 cents, which missed the Zacks Consensus Estimate of 94 cents. The bottom-line figure fell 48% from the year-ago quarter.Net sales of KALU declined 5% year over year to $773 million and missed the consensus estimate of $793 million. **Northwest Pipe Co.** [NWPX](https://www.nasdaq.com/market-activity/stocks/nwpx) came out with second-quarter earnings of 86 cents per share, beating the Zacks Consensus Estimate of 67 cents per share. This compares with earnings of 74 cents per share a year ago. Northwest Pipe posted revenues of $129 million for the quarter ended June 2024, surpassing the Zacks Consensus Estimate of $120 million. The top line increased 12.1% year over year. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_210_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315558)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315558)[Timken Company (The) (TKR) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TKR&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315558)[Kaiser Aluminum Corporation (KALU) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=KALU&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315558)[Northwest Pipe Company (NWPX) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=NWPX&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315558)[TriMas Corporation (TRS) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TRS&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315558)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315558/trimas-trs-q2-earnings-miss-estimates-revenues-rise-y-y?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315558)[Zacks Investment Research](https://www.zacks.com/) | TriMas (TRS) Q2 Earnings Miss Estimates, Revenues Rise Y/Y | News | Zacks | Zacks Equity Research | 0.0554 | 78.4785 | 79.6056 | 78.684 | 74.2966 | 74.311 | 74.3004 | 74.3063 | 74.2891 | 74.281 | 74.0403 | 71.0038 | 70.7103 | 70.207 | 68.6579 | 68.496 | 69.5466 | 69.72 | 74.55 |
CHEF | The Chefs' Warehouse, Inc. | Consumer Discretionary | Food Distributors | https://www.nasdaq.com/articles/ab-inbev-bud-tops-q2-earnings-revenues-robust-demand | 2024-08-02 14:14:00 | Stocks|VITL|BUD|KO | **Anheuser-Busch InBev SA/NV** [BUD](https://www.nasdaq.com/market-activity/stocks/bud), alias AB InBev, reported solid results in second-quarter 2024. The company’s revenues and earnings beat the Zacks Consensus Estimate and improved year over year. Top and bottom-line growth reflected a positive business momentum, owing to the strength of its diversified footprint and consumer demand for its megabrands. The company outlined its view for 2024.AB InBev reported an underlying EPS (normalized EPS, excluding mark-to-market gains and losses related to the hedging of share-based payment programs, and the impacts of hyperinflation) of 90 cents in second-quarter 2024, up 25% from the 72 cents earned in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate of 84 cents. Underlying EPS growth was driven by double-digit organic EBITDA growth and continued optimization of its business.Revenues of $15.3 billion increased 1.4% from the year-ago quarter and surpassed the Zacks Consensus Estimate of $15.2 billion. The company registered organic revenue growth of 2.7%, primarily driven by robust revenue per hectoliter (hl) growth and revenue growth in 65% of its markets. Revenues benefited from pricing actions, continued premiumization and other revenue-management initiatives. Accelerated digital transformation also contributed to top-line growth in the quarter.Shares of the Zacks Rank #3 (Hold) company have gained 7.5% in the past year against the [industry](https://www.zacks.com/stocks/industry-rank/industry/beverages-alcohol-19)’s decline of 19.7%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/96/73230.jpg?v=872724521) Image Source: Zacks Investment Research ******Q2 Details** Revenue per hl improved 3.6% year over year on an organic basis, backed by revenue-management initiatives. However, the company’s total organic volume dipped 0.8% as the declines in the China and Argentina regions were partly offset by growth in the Middle Americas, South America, Africa, and Europe. The total organic volume included a 1.3% decline in the own-beer volume, offset by 3.4% growth in the non-beer volume.Revenues reflected strong performances of its megabrands — Budweiser, Corona, Stella Artois, Corona and Michelob Ultra — which collectively advanced 3.3% year over year outside their home markets in the second quarter. This growth was led by a 5.6% rise in Corona outside of its home markets.AB InBev has been keen on making the most of investments in its portfolio over the years, as well as rapidly growing its digital platform, including BEES and Zé Delivery. The company’s digital transformation initiatives have been on track, with B2B digital platforms contributing about 70% to its revenues in the second quarter. The company noted that the monthly active user base of BEES reached 3.8 million users in second-quarter 2024. Its omni-channel, direct-to-consumer ecosystem of digital and physical products generated $400 million in revenues in the reported quarter. **Anheuser-Busch InBev SA/NV Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/BUD/price-consensus-eps-surprise-chart?icid=chart-BUD-price-consensus-eps-surprise-chart)[Anheuser-Busch InBev SA/NV price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/BUD/price-consensus-eps-surprise-chart?icid=chart-BUD-price-consensus-eps-surprise-chart) | [Anheuser-Busch InBev SA/NV Quote](https://www.nasdaq.com/market-activity/stocks/bud) BUD has been focused on expanding its Beyond Beer portfolio, which has also been aiding the top line. Notably, the Beyond Beer portfolio contributed $375 million to the total revenues in the second quarter.The cost of sales declined 3.6% on a reported basis and 2.2% on an organic basis to $6.8 billion in the second quarter. SG&A expenses rose 2.3% year over year on both reported and organic basis to $4.8 billion.Our model had predicted the cost of sales to decrease 1.1% for the second quarter, with a decline of 120 basis points (bps) in the cost-of-sales rate to 45.2%. The SG&A expense rate was anticipated to decline 50 bps to 30.6%. In dollar terms, SG&A expenses were expected to be flat year over year for the second quarter.The company’s normalized earnings before interest, taxes, depreciation and amortization (EBITDA) were $5.3 billion, which improved 8% year over year on a reported basis and 10.2% on an organic basis. The normalized EBITDA margin expanded 210 bps year over year on a reported basis and 236 bps organically to 34.6%. The organic EBITDA margin benefited from cost efficiencies and disciplined overhead management.We anticipated the normalized EBITDA to increase 7.5% year over year to $5.28 billion. Meanwhile, the normalized EBITDA margin was expected to expand 180 bps to 34.3% in the second quarter. **Outlook** For 2024, AB InBev expects year-over-year EBITDA growth of 4-8%, in line with its medium-term outlook. The company expects net pension interest expenses and accretion expenses of $220-$250 million, based on currency and interest rate fluctuations. It anticipates an average gross debt coupon of 4% for 2024.Management expects a normalized effective tax rate of 27-29% for 2024. Net capital expenditure is projected to be $4-$4.5 billion for 2024, driven by higher investments in innovation and other consumer-centric initiatives to fuel the ongoing momentum. **Stocks to Consider** We highlighted some better-ranked stocks from the broader Consumer Staples space, namely **Vital Farms** [VITL](https://www.nasdaq.com/market-activity/stocks/vitl), **The Chef's Warehouse** [CHEF](https://www.nasdaq.com/market-activity/stocks/chef) and **The Coca-Cola Company** [KO](https://www.nasdaq.com/market-activity/stocks/ko).Vital Farms offers a range of produced pasture-raised foods. It currently sports a Zacks Rank #1 (Strong Buy). VITL has a trailing four-quarter earnings surprise of 102.1%, on average. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link).The Zacks Consensus Estimate Vital Farms’ current financial-year sales and EPS indicates growth of 24.9% and 66.1%, respectively, from the year-ago reported numbers. The consensus mark for VITL’s EPS has moved up 2.1% in the past 30 days.Chef's Warehouse, a distributor of specialty food products in the United States, presently has a Zacks Rank #2 (Buy). CHEF has a trailing four-quarter earnings surprise of 33.7%, on average.The Zacks Consensus Estimate for CHEF’s current financial year’s sales and earnings indicates growth of 9.5% and 7.9%, respectively, from the prior-year reported numbers. The consensus mark for CHEF’s EPS has been unchanged in the past 30 days.Coca-Cola, a leading beverage company, currently carries a Zacks Rank #2. KO has a trailing four-quarter earnings surprise of 4.7%, on average.The Zacks Consensus Estimate for Coca-Cola’s current financial year’s sales and EPS indicates growth of 0.5% and 5.6%, respectively, from the year-ago reported numbers. The consensus mark for KO’s EPS has moved up 0.7% in the past 30 days. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_210_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315564)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315564)[CocaCola Company (The) (KO) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=KO&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315564)[Anheuser-Busch InBev SA/NV (BUD) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=BUD&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315564)[The Chefs' Warehouse, Inc. (CHEF) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=CHEF&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315564)[Vital Farms, Inc. (VITL) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=VITL&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315564)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315564/ab-inbev-bud-tops-on-q2-earnings-revenues-on-robust-demand?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315564)[Zacks Investment Research](https://www.zacks.com/) | AB InBev (BUD) Tops on Q2 Earnings & Revenues on Robust Demand | News | Zacks | Zacks Equity Research | 0.0554 | 42.8715 | 42.4716 | 41.8302 | 39.3695 | 39.3712 | 39.3537 | 39.418 | 39.3525 | 39.3525 | 39.3525 | 37.6612 | 38.7812 | 38.1855 | 37.5773 | 37.385 | 37.3685 | 38.43 | 42.7518 |
PLUG | Plug Power Inc. | Energy | Industrial Machinery/Components | https://www.nasdaq.com/articles/rockwell-automation-rok-post-q3-earnings-what-expect | 2024-08-02 14:23:00 | Stocks|ROK|ATKR|EMR | **Rockwell Automation Inc.** [ROK](https://www.nasdaq.com/market-activity/stocks/rok) is expected to witness declines in both revenues and earnings when it reports [third-quarter fiscal 2024](https://www.zacks.com/stock/research/ROK/earnings-calendar) results on Aug 7, before the opening bell.The Zacks Consensus Estimate for earnings has been unchanged over the past 30 days at $2.11 per share. The consensus mark implies a 30% plunge from the year-ago actual. The consensus estimate for revenues is pegged at $2.02 billion, indicating a 10% year-over-year decline. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/b2/73254.jpg?v=654741475) Image Source: Zacks Investment Research******Mixed Earnings Surprise History** ROK’s earnings surpassed estimates twice in the trailing four quarters and missed on the remaining two occasions, the average surprise being a negative 1.80%. This is depicted in the following chart.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/ce/73247.jpg?v=390602558) Image Source: Zacks Investment Research******Factors to Note** The Institute for Supply Management’s manufacturing index registered 48.5% in June 2024, which not only marked a deceleration from 48.7% in May and 49.2% in April, but it also remained below 50%, which indicates contraction. Demand remained subdued as companies refrained from making capital investments. This was evident from the New Orders Index, which also remained below 50 through April-June.In the fiscal second quarter, the company reported negative 8.1% organic growth. It noted that there had been a buildup of excess inventory among customers, particularly machine builders. It stated that it did not expect a significant acceleration in order levels this fiscal year. This decrease in order levels is likely to have reflected in Rockwell Automation’s third-quarter top-line performance. This downside is expected to have been offset by favorable pricing. Our model predicts an organic sales decline of 11.8%. This will be offset by a 1.5% contribution from acquisitions and a 0.4% gain from favorable currency impact.Rockwell Automation has been experiencing increased logistics prices due to higher energy costs and constrained air freight lanes. Also, an increase in spending on talent and growth, unfavorable mix, and currency are expected to have impacted margins. **Segment Expectations** We expect the Intelligent Devices segment’s fiscal third-quarter revenues to be down 1.6% year over year to $953 million. Our prediction for the segment’s operating profit is pinned at $161 million, indicating a year-over-year decrease of 2%.Our model predicts the Software & Control segment’s sales to be $503 million, suggesting a 33% decline from the prior year’s actual. The segment’s operating profit, which is pinned at $126 million, indicates a 52% plunge from the year-ago quarter’s reported figure.We expect the Lifecycle Services segment’s sales to be $559 million, implying 7.5% growth from the prior-year period’s actual. The estimate for the segment’s operating profit is $93 million. The figure indicates a 92% surge from the year-ago quarter’s reported figure. **What the Zacks Model Indicates** Our proven model does not conclusively predict an earnings beat for Rockwell Automation this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/stock/research/ROK/earnings-calendar) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. **Earnings ESP**: Rockwell Automation has an Earnings ESP of -2.67%. You can uncover the best stocks before they’re reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: The company currently carries a Zacks Rank of 3. **Price Performance** In the past year, Rockwell Automation’s shares have lost 13% compared with the [industry](https://www.zacks.com/stocks/industry-rank/industry/industrial-automation-and-robotics-82)’s 15.5% decline.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/84/73253.jpg?v=723999211) Image Source: Zacks Investment Research******Stocks to Consider** Here are some companies with the right combination of elements to post an earnings beat in their upcoming releases. **Emerson Electric Co.** [EMR](https://www.nasdaq.com/market-activity/stocks/emr) is scheduled to release its fiscal third-quarter results on Aug 7. It has an Earnings ESP of +0.14% and a Zacks Rank of 2 at present. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link)**.The Zacks Consensus Estimate for EMR’s earnings is pegged at $1.42 per share, indicating year-over-year growth of 10.1%. It has a trailing four-quarter average earnings surprise of 10.7%. **Atkore Inc.** [ATKR](https://www.nasdaq.com/market-activity/stocks/atkr) is scheduled to release its fiscal third-quarter fiscal results on Aug 6. It has an Earnings ESP of +0.62% and a Zacks Rank of 3 at present.The Zacks Consensus Estimate for ATKR’s earnings is pegged at $4.03 per share, indicating a year-over-year fall of 29.6%. It has a trailing four-quarter average earnings surprise of 15.4%. **Plug Power** [PLUG](https://www.nasdaq.com/market-activity/stocks/plug), scheduled to release its second-quarter results on Aug 8, has an Earnings ESP of +1.67% and a Zacks Rank of 3.The Zacks Consensus Estimate for Plug Power’s earnings is currently pegged at a loss of 30 cents per share, indicating an improvement from the loss of 35 cents per share reported in the year-ago quarter. Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_211_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315569)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315569)[Emerson Electric Co. (EMR) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EMR&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315569)[Rockwell Automation, Inc. (ROK) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ROK&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315569)[Plug Power, Inc. (PLUG) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PLUG&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315569)[Atkore Inc. (ATKR) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ATKR&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315569)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315569/rockwell-automation-rok-to-post-q3-earnings-what-to-expect?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315569)[Zacks Investment Research](https://www.zacks.com/) | Rockwell Automation (ROK) to Post Q3 Earnings: What to Expect? | News | Zacks | Zacks Equity Research | 0.0554 | 2.52346 | 2.42629 | 2.47184 | 2.31347 | 2.31347 | 2.31347 | 2.31347 | 2.29445 | 2.29337 | 2.28514 | 2.20402 | 2.2 | 2.18942 | 2.0629 | 2.04888 | 2.25307 | 2.18 | 1.91693 |
TDOC | Teladoc Health, Inc. | Health Care | Medical/Nursing Services | https://www.nasdaq.com/articles/teladoc-health-tdoc-shares-down-89-despite-q2-earnings-beat | 2024-08-02 14:23:00 | Stocks|HCA|ELV|UNH | **Teladoc Health, Inc. **’s [TDOC](https://www.nasdaq.com/market-activity/stocks/tdoc) shares lost 8.9% since it reported second-quarter 2024 results on Jul 31, despite an earnings beat. Investors might be worried about BetterHelp's substantial revenue drop, leading to a decline in its adjusted EBITDA. Moreover, the withdrawal of full-year guidance for BetterHelp and the lack of consolidated guidance for the rest of the year added to the uncertainty. Strength in the Integrated Care segment acted as a partial offset.The company incurred a second-quarter 2024 adjusted loss of 28 cents per share, narrower than the Zacks Consensus Estimate of a loss of 36 cents and the year-ago quarter’s loss of 40 cents. Operating revenues amounted to $642.4 million, which declined 1.5% year over year. The top line missed the consensus mark by 1.1%. **Teladoc Health, Inc. Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/TDOC/price-consensus-eps-surprise-chart?icid=chart-TDOC-price-consensus-eps-surprise-chart)[Teladoc Health, Inc. price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/TDOC/price-consensus-eps-surprise-chart?icid=chart-TDOC-price-consensus-eps-surprise-chart) | [Teladoc Health, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/tdoc)**Quarterly Operational Update** Revenues from access fees (which accounted for 87% of total quarterly revenues) declined 3% year over year to $559.6 million in the quarter under review. The metric missed the Zacks Consensus Estimate of $565 million.Other revenues of $82.8 million increased 8% year over year but were lower than the Zacks Consensus Estimate of $85 million. On a geographical basis, Teladoc Health generated $540.8 million in revenues from the United States, down 4% year over year, in the second quarter. U.S. revenues made up nearly 84% of total revenues. The metric missed the consensus mark of $555 million. International revenues rose 12% year over year to $101.6 million and outpaced the consensus mark of $93 million.Adjusted EBITDA climbed 24% year over year to $89.5 million. The adjusted gross margin of 70.7% deteriorated 10 basis points (bps) year over year.Total expenses increased more than one-fold year over year to $1.5 billion in the quarter, higher than our estimate of $717.3 million. The year-over-year rise resulted from higher amortization of intangible assets and a major goodwill impairment. **Segmental Update** The **Integrated Care** segment reported revenues of $377.4 million, which improved 5% year over year in the second quarter and surpassed the Zacks Consensus Estimate of $375 million as well as our estimate of $373.1 million. Adjusted EBITDA soared 69% year over year to $64 million, higher than the consensus mark of $49.2 million and our estimate of $45.9 million. Adjusted EBITDA margin of 17% improved 642 bps year over year.The** BetterHelp** segment’s revenues declined 9% year over year to $265 million and missed the Zacks Consensus Estimate of $274 million and our estimate of $274.7 million. Adjusted EBITDA of $25.45 million fell 26% year over year and missed the consensus mark of $25.47 million and our estimate of $27 million. Adjusted EBITDA margin deteriorated 209 bps year over year to 9.6% in the quarter under review. **Visits & Memberships** Total visits of Teladoc Health were 4.2 million, which slipped 11% year over year and fell short of the Zacks Consensus Estimate of 5.2 million and our estimate of 4.6 million.U.S. Integrated Care Members totaled 92.4 million as of Jun 30, 2024, which improved 8% year over year. The metric beat the consensus mark by a whisker. **Financial Update (as of Jun 30, 2024)**Teladoc Health exited the second quarter with cash and cash equivalents of $1.2 billion, which slid 3.4% from the figure in 2023-end. Total assets of $3.5 billion fell 20.5% from the 2023-end level.Debt amounted to $989.7 million, which declined 35.7% from the figure as of Dec 31, 2023. Total stockholders’ equity of $1.5 billion declined 34.8% from the 2023-end level.Net cash provided by operating activities amounted to $97.6 million in the first half of 2024, which dropped 14.6% year over year. Free cash flows were $60.9 million in the quarter under review. Capex plunged 24.1% year over year to $27.7 million. **Outlook****Third-Quarter View** Revenues in the Integrated Care segment are forecasted to witness (1)-2% year-over-year growth while the unit’s adjusted EBITDA margin is anticipated to remain within 14.5-16%. U.S. Integrated Care Members are expected to be between 92.5 and 93.5 million. **2024 View** Revenues in the Integrated Care segment are expected to witness low to mid-single-digit growth on a year-over-year basis.U.S. Integrated Care Members are expected to remain within 92.5-94 million.Adjusted EBITDA margin in the Integrated Care segment is estimated to expand in the range of 150-200 bps year over year in 2024. **Zacks Rank** Teladoc Health currently carries a Zacks Rank #3 (Hold). You can see ** [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link). ** **Other Medical Sector Releases** Of the [Medical](https://www.zacks.com/stocks/industry-rank/sector/medical-4) sector players that have reported second-quarter 2024 results so far, the bottom-line results of **UnitedHealth Group Incorporated** [UNH](https://www.nasdaq.com/market-activity/stocks/unh), **Elevance Health, Inc. ** [ELV](https://www.nasdaq.com/market-activity/stocks/elv) and **HCA Healthcare, Inc.** [HCA](https://www.nasdaq.com/market-activity/stocks/hca) beat the respective Zacks Consensus Estimate.UnitedHealth Group reported second-quarter adjusted EPS of $6.80, which beat the Zacks Consensus Estimate by 2.3%. The bottom line rose 10.7% year over year. Revenues amounted to $98.9 billion, which improved 6.4% year over year. The top line outpaced the consensus mark of $98.7 billion The medical care ratio of UnitedHealth Group deteriorated 190 bps year over year to 85.1% .UNH’s operating earnings deteriorated 2.3% year over year to $7.9 billion. The net margin deteriorated to 4.3% compared with 5.9% in the year-ago period. The health benefits business of UnitedHealth Group, UnitedHealthcare, generated revenues of $73.9 billion. The figure rose 5.3% year over year. The UnitedHealthcare business served 50.4 million people as of Jun 30, 2024, which decreased 4.6% year over year. Revenues in the Optum business line were $62.9 billion, which climbed 11.7% year over year.Elevance Health reported second-quarter adjusted earnings of $10.12 per share, which outpaced the Zacks Consensus Estimate by 1.3%. The bottom line improved 12% year over year. Operating revenues of $43.2 billion dipped 0.4% year over year. However, the top line beat the consensus mark by 0.5%. Medical membership of Elevance Health was around 45.8 million as of Jun 30, 2024, which slipped 5% year over year. Premiums decreased 3.2% year over year to $35.4 billion. Product revenues of $5.5 billion advanced 13.8% year over year.The Health Benefits segment’s operating revenues totaled $37.2 billion, which decreased 2.2% year over year. Operating gain remained almost flat year over year at $2.1 billion. The operating margin of 5.8% improved 20 bps year over year. The Carelon unit’s operating revenues amounted to $13.3 billion, which rose 10% year over year. HCA Healthcare reported second-quarter adjusted EPS of $5.50, which beat the Zacks Consensus Estimate by 10.7%. The bottom line improved 28.2% year over year. Revenues amounted to $17.5 billion, which improved 10.3% year over year. The top line outpaced the consensus mark by 2.2%. Same-facility equivalent admissions increased 5.2% year over year while same-facility admissions grew 5.8% year over year.Same-facility revenue per equivalent admission rose 4.4% year over year. Same-facility inpatient surgeries grew 2.6% year over year while same-facility outpatient surgeries declined 2.1% year over year. Additionally, same-facility emergency room visits rose 5.5% year over year and beat our growth estimate of 4.3%. Adjusted EBITDA improved 16.2% year over year to $3.6 billion. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_210_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315541)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315541) [UnitedHealth Group Incorporated (UNH) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=UNH&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315541)[HCA Healthcare, Inc. (HCA) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=HCA&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315541)[Teladoc Health, Inc. (TDOC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=TDOC&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315541)[Elevance Health, Inc. (ELV) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=ELV&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315541)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315541/teladoc-health-tdoc-shares-down-8-9-despite-q2-earnings-beat?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315541)[Zacks Investment Research](https://www.zacks.com/) | Teladoc Health (TDOC) Shares Down 8.9% Despite Q2 Earnings Beat | News | Zacks | Zacks Equity Research | 0.0554 | 9.38877 | 9.79107 | 8.17377 | 8.45839 | 8.45839 | 8.45839 | 8.45839 | 8.44748 | 8.31567 | 8.3638 | 8.02254 | 7.94 | 7.94092 | 7.90968 | 7.87319 | 7.79035 | 7.07918 | 7.205 |
EGY | VAALCO Energy, Inc. | Energy | Oil & Gas Production | https://www.nasdaq.com/articles/exxonmobil-xom-q2-earnings-top-estimates-higher-production | 2024-08-02 14:29:00 | Unknown | **Exxon Mobil Corporation** [XOM](https://www.nasdaq.com/market-activity/stocks/xom) reported second-quarter 2024 earnings per share of $2.14 (excluding identified items), which beat the Zacks Consensus Estimate of $2.04. The bottom line also improved from the year-ago level of $1.94.Total quarterly revenues of $93.1 billion topped the Zacks Consensus Estimate of $90.4 billion. The top line also increased from the year-ago quarter’s figure of $82.9 billion. The strong quarterly results were primarily driven by higher production in the upstream segment, higher crude realizations and contributions from the Pioneer acquisition. **Exxon Mobil Corporation Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/XOM/price-consensus-eps-surprise-chart?icid=chart-XOM-price-consensus-eps-surprise-chart)[Exxon Mobil Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/XOM/price-consensus-eps-surprise-chart?icid=chart-XOM-price-consensus-eps-surprise-chart) | [Exxon Mobil Corporation Quote](https://www.nasdaq.com/market-activity/stocks/xom)**Operational Performance****Upstream** The segment reported quarterly earnings (excluding identified items) of $7.1 billion, up from $4.6 billion reported in the year-ago quarter. The increase can be primarily attributed to growth in production from the Pioneer acquisition, volume growth from the offshore Guyana resources, and Permian — the most prolific basin in the United States. Cost saving initiatives also supported the upstream business unit. Higher realizations of crude prices and gains from divestment also contributed to the improvement.Operations in the United States recorded a profit of $2.4 billion, higher than $920 million registered in the June-end quarter of 2023. The company reported a profit of $4.6 billion from non-U.S. operations compared with $3.7 billion in the year-ago quarter. **Production:**ExxonMobil’s production averaged 4,358 thousand barrels of oil equivalent per day (MBoe/d), higher than 3,608 MBoe/d reported a year ago. The figure also beat our estimate of 4,208.3 MBoe/d.Liquids production also increased to 2,984 thousand barrels per day (MBbls/d) from 2,353 MBbls/d in the prior-year quarter. Higher production, particularly in the United States and Canada, contributed to the increase.Natural gas production totaled 8,243 million cubic feet per day (Mmcf/d), up from 7,529 Mmcf/d reported a year ago. This was primarily due to increased output levels from the United States, Canada, Africa and Asia. **Price Realization:**In the United States, ExxonMobil recorded crude price realization of $79.00 per barrel, higher than the year-ago quarter’s figure of $71.36. The figure marginally missed our estimate of $79.72. Crude price realization for non-U.S. operations increased to $77.60 per barrel from $70.08 in the year-ago quarter. Our estimate for the same was pinned at $74.34 per barrel.Natural gas price in the United States was $1.04 per thousand cubic feet (Mcf), lower than the year-ago quarter’s level of $1.45. Our estimate for the same was pegged at $1.87 per Mcf. Also, in the non-U.S. section, the metric declined to $9.73 per Mcf from $11.44. The figure also missed our estimate of $12.19 per Mcf. **Energy Products** The segment recorded a profit (excluding identified items) of $946 million, down from $2.29 billion recorded a year ago. The reported figure also lagged our estimate of $2.33 billion. This was primarily due to soft refining margins in the industry and unfavorable timing effects from derivatives mark-to-market impacts. **Chemical Products** This unit of ExxonMobil recorded a profit of $779 million (excluding identified items), down from $828 million registered in the year-ago quarter. The reported figure also lagged our estimate of $851 million. This was mainly due to weak margins throughout the industry worldwide. Project expenses and higher maintenance costs also affected earnings in the segment. **Specialty Products** This ExxonMobil unit recorded a profit of $751 million (excluding identified items), up from $671 million recorded in the year-ago quarter. Our projection for the same was pegged at $715.1 million. The segment benefited from structural cost reductions and increased volumes across the lubricants value chain. However, the positives were slightly offset by weaker industry basestock margins. **Financials** In the quarter under review, ExxonMobil generated a cash flow of $11.5 billion from operations and asset divestments. The company’s capital and exploration spending amounted to $7 billion.At the end of the second quarter, ExxonMobil’s total cash and cash equivalents were $ 26.5 billion, and long-term debt totaled $ 36.6 billion. **Zacks Rank and Key Picks** Currently, XOM carries a Zacks Rank #4 (Sell).Some better-ranked stocks in the [energy](https://www.zacks.com/stocks/industry-rank/sector/oils-energy-12) sector are **SM Energy** [SM](https://www.nasdaq.com/market-activity/stocks/sm), **VAALCO Energy** [EGY](https://www.nasdaq.com/market-activity/stocks/egy) and **Energy Transfer LP** [ET](https://www.nasdaq.com/market-activity/stocks/et). SM Energy presently sports a Zacks Rank #1 (Strong Buy), while VAALCO and Energy Transfer carry a Zacks Rank #2 (Buy) each. **You can see** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link)**. **SM Energy is an upstream energy firm operating in the prolific Midland Basin and the South Texas regions. For 2024, the company expects its production to increase from the prior-year reported figure, signaling a bright production outlook.VAALCO Energyis an independent energy company involved in upstream operation business with a diversified presence in Africa and Canada. Having a large inventory of drilling locations in premium Canadian Acreage, the company’s production outlook seems bright.Energy Transfer is a midstream player that owns and operates one of the most diversified portfolios of energy assets in the United States. Boasting a pipeline network extending more than 125,000 miles, its network spans over 44 states. With a presence in all the major U.S. production basins, the company’s outlook seems positive. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_210_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315543)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315543)[Exxon Mobil Corporation (XOM) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=XOM&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315543)[SM Energy Company (SM) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=SM&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315543)[Vaalco Energy Inc (EGY) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=EGY&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315543)[Energy Transfer LP (ET) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ET&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315543)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315543/exxonmobil-xom-q2-earnings-top-estimates-on-higher-production?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315543)[Zacks Investment Research](https://www.zacks.com/) | ExxonMobil (XOM) Q2 Earnings Top Estimates on Higher Production | News | Zacks | Zacks Equity Research | 0.0554 | 7.28 | 7.04751 | 7.20294 | 6.90343 | 6.90343 | 6.90343 | 6.90343 | 6.90343 | 6.90343 | 6.90586 | 6.42451 | 6.21584 | 6.47087 | 6.11441 | 6.10156 | 5.98061 | 6.67358 | 6.49371 |
WLFC | Willis Lease Finance Corporation | Consumer Discretionary | Industrial Specialties | https://www.nasdaq.com/articles/willis-lease-wlfc-q2-earnings-soar-y-y-lease-revenue-growth | 2024-08-02 14:56:00 | Stocks | **Willis Lease Finance Corporation** [WLFC](https://www.nasdaq.com/market-activity/stocks/wlfc) reported earnings per share (EPS) of $6.21 in the second quarter of 2024, a significant increase from $2.02 in the prior-year quarter.The company's total revenues reached $151.1 million, up 38.6% from $109 million in the same period last year. In the quarter under review, WLFC experienced significant tailwinds, including record revenues driven by strong lease rent and maintenance reserve revenues, bolstered by heightened asset usage and strategic acquisitions of aircraft and engines. However, the company faced headwinds from rising general and administrative expenses, increased interest expenses due to higher debt levels, and the ongoing challenge of managing the costs associated with spare parts and equipment sales.Despite these challenges, the company's strategic investments in leasing and maintenance services supported robust financial performance. **Willis Lease Finance Corporation Price, Consensus and EPS Surprise** [](https://www.zacks.com/stock/chart/WLFC/price-consensus-eps-surprise-chart?icid=chart-WLFC-price-consensus-eps-surprise-chart)[Willis Lease Finance Corporation price-consensus-eps-surprise-chart](https://www.zacks.com/stock/chart/WLFC/price-consensus-eps-surprise-chart?icid=chart-WLFC-price-consensus-eps-surprise-chart) | [Willis Lease Finance Corporation Quote](https://www.nasdaq.com/market-activity/stocks/wlfc)**Quarterly Operational Update** Lease rent revenues were a record $55.9 million, up 2.7% from $54.4 million in the second quarter of 2023. This growth was driven by the acquisition of new assets, including three aircraft and 11 engines, enhancing the lease portfolio.Maintenance reserve revenues increased significantly to $62.9 million, up 77.6% from $35.4 million in the second quarter of 2023. This spike was fueled by heightened asset usage by customers, generating substantial short-term maintenance revenues of $45.9 million and long-term maintenance revenues of $17 million. Spare parts and equipment sales rose to $6.2 million from $4.6 million in the previous year, reflecting variations in sales timing and increased demand for spare parts.The company recorded a gain of $14.4 million from the sale of seven engines and other leased equipment, a 223.4% increase compared to $4.5 million in the second quarter of 2023.Income from operations surged to $54.1 million, up from $19.4 million in the year-ago quarter, reflecting improved operational efficiency and asset utilization. Pre-tax income reached a quarterly record of $57.9 million, up 205.3% from $19 million in the prior-year quarter. Net income increased to $42.6 million from $13.8 million in the second quarter of 2023.Total expenses escalated to $97 million from $89.6 million. Depreciation and amortization slightly decreased to $22.2 million from $22.5 million in the year-ago quarter. The cost of spare parts and equipment sales rose to $5.4 million, up 77.8% year over year. The cost of maintenance services increased to $5.7 million from $4.8 million. General and administrative expenses grew by 9.3% to $34.7 million. Interest expense increased to $24.6 million, up 28.7% due to higher debt levels associated with asset acquisitions.Book value per weighted average common share outstanding came in at $73.64 as of Jun 30, 2024, higher than $67.73 as of Dec 31, 2023. **Balance Sheet Position (as of Jun 30, 2024)**WLFC held $5 million in cash and cash equivalents, down from $7.1 million at 2023-end. Total assets were $2.9 billion, up from $2.7 billion at the end of 2023.Total liabilities were $2.4 billion, with $2 billion in debt obligations. Debt obligations increased from $1.8 billion as of Dec 31, 2023. Shareholders' equity increased to $492.4 million from $439 million at the end of 2023. **Other Developments** During the second quarter of 2024, Willis Lease Finance expanded its lease portfolio through significant acquisitions. The company purchased three aircraft and eleven engines, along with other parts and equipment, totaling $258.8 million. This compares to $55.8 million spent in the year-ago quarter for nine engines and other parts.The company declared its first regular quarterly dividend of 25 cents per share, payable on Aug 21, 2024, with a record date of Aug 12, 2024. Additionally, a special dividend of $1.00 per share was paid in the second quarter of 2024. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_210_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315550)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315550)[Willis Lease Finance Corporation (WLFC) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=TCK_MC_SYND&d_alert=rd_final_rank&t=WLFC&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_210&cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315550) [To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315550/willis-lease-wlfc-q2-earnings-soar-y-y-on-lease-revenue-growth?cid=CS-NASDAQ-FT-analyst_blog|earnings_article-2315550)[Zacks Investment Research](https://www.zacks.com/) | Willis Lease (WLFC) Q2 Earnings Soar Y/Y on Lease Revenue Growth | News | Zacks | Zacks Equity Research | 0.0554 | 86.4926 | 84.9764 | 88.3433 | 102.852 | 102.859 | 102.859 | 102.859 | 102.859 | 102.06 | 102.029 | 92.2508 | 93.0639 | 92.81 | 90.3929 | 89.93 | 91.6736 | 99.6375 | 108.188 |
PLUG | Plug Power Inc. | Energy | Industrial Machinery/Components | https://www.nasdaq.com/articles/hyster-yale-hy-gears-q2-earnings-things-note | 2024-08-02 14:56:00 | Stocks|HY|ATKR|EMR | **Hyster-Yale, Inc.** [HY](https://www.nasdaq.com/market-activity/stocks/hy) is expected to deliver a year-over-year improvement in earnings despite a dip in revenues when it reports [second-quarter 2024](https://www.zacks.com/stock/research/HY/earnings-calendar) results on Aug 6, after market close.The Zacks Consensus Estimate for earnings has remained unchanged over the past 30 days at $2.28 per share. The consensus mark implies 3.2% growth from the year-ago actual. The consensus estimate for revenues is pegged at $1.08 billion, indicating a 1% year-over-year decline.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/75/73242.jpg?v=1389216683) Image Source: Zacks Investment Research In the last reported quarter, the company’s earnings beat the consensus estimate by a solid margin of 36.9%. Hyster-Yale has a trailing four-quarter earnings surprise of 17.44%, on average. **Hyster-Yale, Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HY/price-eps-surprise?icid=chart-HY-price-eps-surprise)[Hyster-Yale, Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HY/price-eps-surprise?icid=chart-HY-price-eps-surprise) | [Hyster-Yale, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hy)**What the Zacks Model Unveils** Our proven model does not conclusively predict an earnings beat for Hyster-Yale this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. **Earnings ESP**: HY has an Earnings ESP of 0.00%. You can uncover the best stocks before they are reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: The company currently carries a Zacks Rank of 3. **Factors Likely to Shape Q2 Results** In the first quarter, Hyster Yale’s Lift Truck business reported a 6% increase in revenues driven by improved pricing, which was partially offset by lower unit shipments. Shipment volumes declined 8% year over year, due to a 21% decline in EMEA on lower production rates. America's shipments decreased due to lower shipments in Brazil. Bookings were down 18% year over year, reflecting extended backlog levels and the company’s focus on taking orders with strong margins. The downtrend also reflected the overall market decline. However, quarter-over-quarter bookings are expected to have picked up, aided by market share gains in the Americas and EMEA. Shipments are expected to have improved in the second quarter on higher production rates, as well as supply-chain and labor improvements in the Americas and EMEA.The Lift Truck business ended the first quarter with 73,600 units in backlog, down 6% year over year, in line with the company’s objectives to reduce backlog levels and improve lead times. Despite the decline, the backlog was valued at around $3.1 billion and equivalent to nine months of shipments. This is likely to have supported the segment’s quarterly performance. The segment witnessed a favorable shift in sales to higher-priced lift trucks in the first quarter. This was mainly driven by sales in the Americas of Class 4 and higher-priced/higher-capacity, four-52-ton, Class 5 internal combustion engine lift trucks. Overall, the Lift Truck segment is expected to report revenue and operating profit growth from the prior year as unit volumes increased and higher-priced, higher-margin backlog units were shipped through the second quarter.Bolzoni's revenues decreased 2% year over year in the first quarter, mainly reflecting the planned phase-out of low-margin legacy component sales. Due to this strategic shift, along with an increase in the production of higher-margin attachments by Bolzoni, we expect its second-quarter revenues to be consistent with the year-ago quarter level. Even though these efforts are expected to have boosted gross margins, these gains are likely to have been offset by higher operating expenses and, therefore, resulted in a decline in the operating profit. Nuvera has been focused on increasing customer product demonstrations and customer bookings and expanding its presence in Europe and China. Booked orders from current customers are expected to have resulted in higher sales. However, improved margins on these higher sales are expected to have been offset by increased development costs. We expect the segment’s operating profit to be relatively unchanged from the second quarter of 2023. **Price Performance** Hyster-Yale’s shares have gained 55.5% in the past year, outperforming its [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-construction-and-mining-95)’s 12.9% growth. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/44/73238.jpg?v=903418933) Image Source: Zacks Investment Research** Stocks to Consider** Here are some companies with the right combination of elements to post an earnings beat in their upcoming releases. **Emerson Electric Co.** [EMR](https://www.nasdaq.com/market-activity/stocks/emr) is scheduled to release its third-quarter fiscal 2024 results on Aug 7. It has an Earnings ESP of +0.14% and a Zacks Rank of 2 at present. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link)**.The Zacks Consensus Estimate for EMR’s earnings is pegged at $1.42 per share, indicating year-over-year growth of 10.1%. It has a trailing four-quarter average earnings surprise of 10.7%. **Atkore Inc.** [ATKR](https://www.nasdaq.com/market-activity/stocks/atkr) is scheduled to release its fiscal third-quarter results on Aug 6. It has an Earnings ESP of +0.62% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for ATKR’s earnings is pegged at $4.03 per share, indicating a year-over-year fall of 29.6%. It has a trailing four-quarter average earnings surprise of 15.4%. **Plug Power** [PLUG](https://www.nasdaq.com/market-activity/stocks/plug), scheduled to release its second-quarter results on Aug 8, has an Earnings ESP of +1.67% and a Zacks Rank of 3.The Zacks Consensus Estimate for Plug Power’s earnings is currently pegged at a loss of 30 cents per share, indicating an improvement from the loss of 35 cents per share in the year-ago quarter. Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_211_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315548)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315548) [Emerson Electric Co. (EMR) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EMR&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315548)[Plug Power, Inc. (PLUG) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PLUG&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315548)[Hyster-Yale, Inc. (HY) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HY&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315548)[Atkore Inc. (ATKR) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ATKR&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315548)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315548/hyster-yale-hy-gears-up-for-q2-earnings-things-to-note?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315548)[Zacks Investment Research](https://www.zacks.com/) | Hyster-Yale (HY) Gears Up for Q2 Earnings: Things to Note | News | Zacks | Zacks Equity Research | 0.0554 | 2.52346 | 2.42629 | 2.47184 | 2.31347 | 2.31347 | 2.31347 | 2.31347 | 2.30074 | 2.28926 | 2.26816 | 2.2 | 2.2 | 2.18942 | 2.0629 | 2.04888 | 2.25307 | 2.18 | 1.91693 |
HY | Hyster-Yale Materials Handling, Inc. | Industrials | Construction/Ag Equipment/Trucks | https://www.nasdaq.com/articles/hyster-yale-hy-gears-q2-earnings-things-note | 2024-08-02 14:56:00 | Stocks|ATKR|EMR|PLUG | **Hyster-Yale, Inc.** [HY](https://www.nasdaq.com/market-activity/stocks/hy) is expected to deliver a year-over-year improvement in earnings despite a dip in revenues when it reports [second-quarter 2024](https://www.zacks.com/stock/research/HY/earnings-calendar) results on Aug 6, after market close.The Zacks Consensus Estimate for earnings has remained unchanged over the past 30 days at $2.28 per share. The consensus mark implies 3.2% growth from the year-ago actual. The consensus estimate for revenues is pegged at $1.08 billion, indicating a 1% year-over-year decline.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/75/73242.jpg?v=1389216683) Image Source: Zacks Investment Research In the last reported quarter, the company’s earnings beat the consensus estimate by a solid margin of 36.9%. Hyster-Yale has a trailing four-quarter earnings surprise of 17.44%, on average. **Hyster-Yale, Inc. Price and EPS Surprise** [](https://www.zacks.com/stock/chart/HY/price-eps-surprise?icid=chart-HY-price-eps-surprise)[Hyster-Yale, Inc. price-eps-surprise](https://www.zacks.com/stock/chart/HY/price-eps-surprise?icid=chart-HY-price-eps-surprise) | [Hyster-Yale, Inc. Quote](https://www.nasdaq.com/market-activity/stocks/hy)**What the Zacks Model Unveils** Our proven model does not conclusively predict an earnings beat for Hyster-Yale this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that is not the case here. **Earnings ESP**: HY has an Earnings ESP of 0.00%. You can uncover the best stocks before they are reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter). **Zacks Rank**: The company currently carries a Zacks Rank of 3. **Factors Likely to Shape Q2 Results** In the first quarter, Hyster Yale’s Lift Truck business reported a 6% increase in revenues driven by improved pricing, which was partially offset by lower unit shipments. Shipment volumes declined 8% year over year, due to a 21% decline in EMEA on lower production rates. America's shipments decreased due to lower shipments in Brazil. Bookings were down 18% year over year, reflecting extended backlog levels and the company’s focus on taking orders with strong margins. The downtrend also reflected the overall market decline. However, quarter-over-quarter bookings are expected to have picked up, aided by market share gains in the Americas and EMEA. Shipments are expected to have improved in the second quarter on higher production rates, as well as supply-chain and labor improvements in the Americas and EMEA.The Lift Truck business ended the first quarter with 73,600 units in backlog, down 6% year over year, in line with the company’s objectives to reduce backlog levels and improve lead times. Despite the decline, the backlog was valued at around $3.1 billion and equivalent to nine months of shipments. This is likely to have supported the segment’s quarterly performance. The segment witnessed a favorable shift in sales to higher-priced lift trucks in the first quarter. This was mainly driven by sales in the Americas of Class 4 and higher-priced/higher-capacity, four-52-ton, Class 5 internal combustion engine lift trucks. Overall, the Lift Truck segment is expected to report revenue and operating profit growth from the prior year as unit volumes increased and higher-priced, higher-margin backlog units were shipped through the second quarter.Bolzoni's revenues decreased 2% year over year in the first quarter, mainly reflecting the planned phase-out of low-margin legacy component sales. Due to this strategic shift, along with an increase in the production of higher-margin attachments by Bolzoni, we expect its second-quarter revenues to be consistent with the year-ago quarter level. Even though these efforts are expected to have boosted gross margins, these gains are likely to have been offset by higher operating expenses and, therefore, resulted in a decline in the operating profit. Nuvera has been focused on increasing customer product demonstrations and customer bookings and expanding its presence in Europe and China. Booked orders from current customers are expected to have resulted in higher sales. However, improved margins on these higher sales are expected to have been offset by increased development costs. We expect the segment’s operating profit to be relatively unchanged from the second quarter of 2023. **Price Performance** Hyster-Yale’s shares have gained 55.5% in the past year, outperforming its [industry](https://www.zacks.com/stocks/industry-rank/industry/manufacturing-construction-and-mining-95)’s 12.9% growth. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/44/73238.jpg?v=903418933) Image Source: Zacks Investment Research** Stocks to Consider** Here are some companies with the right combination of elements to post an earnings beat in their upcoming releases. **Emerson Electric Co.** [EMR](https://www.nasdaq.com/market-activity/stocks/emr) is scheduled to release its third-quarter fiscal 2024 results on Aug 7. It has an Earnings ESP of +0.14% and a Zacks Rank of 2 at present. You can see ** [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi_1link)**.The Zacks Consensus Estimate for EMR’s earnings is pegged at $1.42 per share, indicating year-over-year growth of 10.1%. It has a trailing four-quarter average earnings surprise of 10.7%. **Atkore Inc.** [ATKR](https://www.nasdaq.com/market-activity/stocks/atkr) is scheduled to release its fiscal third-quarter results on Aug 6. It has an Earnings ESP of +0.62% and a Zacks Rank of 3 at present. The Zacks Consensus Estimate for ATKR’s earnings is pegged at $4.03 per share, indicating a year-over-year fall of 29.6%. It has a trailing four-quarter average earnings surprise of 15.4%. **Plug Power** [PLUG](https://www.nasdaq.com/market-activity/stocks/plug), scheduled to release its second-quarter results on Aug 8, has an Earnings ESP of +1.67% and a Zacks Rank of 3.The Zacks Consensus Estimate for Plug Power’s earnings is currently pegged at a loss of 30 cents per share, indicating an improvement from the loss of 35 cents per share in the year-ago quarter. Stay on top of upcoming earnings announcements with the [Zacks Earnings Calendar](https://www.zacks.com/earnings/earnings-calendar). **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_211_08022024&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315548)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315548) [Emerson Electric Co. (EMR) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=EMR&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315548)[Plug Power, Inc. (PLUG) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=PLUG&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315548)[Hyster-Yale, Inc. (HY) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=HY&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315548)[Atkore Inc. (ATKR) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=ATKR&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_211&cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315548)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315548/hyster-yale-hy-gears-up-for-q2-earnings-things-to-note?cid=CS-NASDAQ-FT-analyst_blog|earnings_preview-2315548)[Zacks Investment Research](https://www.zacks.com/) | Hyster-Yale (HY) Gears Up for Q2 Earnings: Things to Note | News | Zacks | Zacks Equity Research | 0.0554 | 78.5208 | 81.75 | 82.2467 | 77.6472 | 77.71 | 77.5892 | 77.624 | 77.7917 | 77.6278 | 76.5558 | 75.4239 | 73.6467 | 73.7586 | 71.6297 | 71.4537 | 68.8051 | 59.763 | 62.96 |
SNCY | Sun Country Airlines Holdings, Inc. | Consumer Discretionary | Air Freight/Delivery Services | https://www.nasdaq.com/articles/sun-country-airlines-sncy-q2-2024-earnings-call-transcript | 2024-08-02 14:58:00 | Markets | [Logo of jester cap with thought bubble.](https://g.foolcdn.com/image/?url=https%3A%2F%2Fg.foolcdn.com%2Fmisc-assets%2Ffool-transcripts-logo.png&w=700) Image source: The Motley Fool. **Sun Country Airlines** [(NASDAQ: SNCY)](https://www.nasdaq.com/market-activity/stocks/sncy) Q2 2024 Earnings CallAug 02, 2024, 8:30 a.m. ET **Contents:** - Prepared Remarks - Questions and Answers - Call Participants **Prepared Remarks:****Operator** Welcome to the Sun Country Airlines second quarter 2024 [earnings call](https://www.nasdaq.com/market-activity/earnings) My name is Crystal, and I'll be your operator for today's call. At this time, all participants are in a listen-only mode. Later, we will conduct a question-and-answer session, and instructions will be given at that time.As a reminder, this call will be recorded. I will now turn the call over to Chris Allen, director of investor relations. Mr. Allen, you may begin. **Chris Allen** -- Director, Investor RelationsThank you. I'm joined today by Jude Bricker, our chief executive officer; Dave Davis, president and chief financial officer; and a group of others to help answer questions. Before we begin, I'd like to remind everyone that during this call, the company may make certain statements that constitute forward-looking statements. Our remarks today may include forward-looking statements, which are based upon management's current beliefs, expectations, and assumptions that are subject to risks and uncertainties.Actual results may differ materially. We encourage you to review our risk factors and cautionary statements outlined in our earnings release and our most recent SEC filings. We assume no obligation to update any forward-looking statements. You can find our second quarter 2024 earnings press release on the Investor Relations section on our website at ir.suncountry.com. **Should you invest $1,000 in Sun Country Airlines right now?**Before you buy stock in Sun Country Airlines, consider this: The Motley Fool Stock Advisor analyst team just identified what they believe are the ** [10 best stocks](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=cfa6a882-f7ee-4d9b-8ea9-6b095474a4e3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010917%26ftm_cam%3Dsa-bbn-evergreen%26ftm_veh%3Darticle_pitch_feed_partners%26ftm_pit%3D14065&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e1e360b8-79d3-48f3-b88e-75a2bd218f7f)** for investors to buy now… and Sun Country Airlines wasn’t one of them. 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TheStock Advisorservice has **more than quadrupled****** the return of S&P 500 since 2002*.[See the 10 stocks »](https://api.fool.com/infotron/infotrack/click?apikey=35527423-a535-4519-a07f-20014582e03e&impression=cfa6a882-f7ee-4d9b-8ea9-6b095474a4e3&url=https%3A%2F%2Fwww.fool.com%2Fmms%2Fmark%2Fe-foolcom-sa-bbn-dyn%3Faid%3D8867%26source%3Disaeditxt0010917%26ftm_cam%3Dsa-bbn-evergreen%26ftm_pit%3D14065%26ftm_veh%3Darticle_pitch_feed_partners%26company%3DSun%2520Country%2520Airlines&utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e1e360b8-79d3-48f3-b88e-75a2bd218f7f)*Stock Advisor returns as of July 29, 2024With that said, I'd now like to turn the call over to Jude. **Jude Bricker** -- Chief Executive OfficerThanks, Chris. Good morning, everyone. Our diversified business model is unique in the airline industry. Due to the predictability of our charter and cargo businesses, we are able to deliver the most flexible scheduled service capacity in the industry.The combination of our schedule flexibility and low fixed-cost model allows us to respond to both predictable leisure demand fluctuations and exogenous industry shocks. We believe, due to our structural advantages, we'll be able to reliably deliver industry-leading profitability throughout our cycles. I want to start by acknowledging our employees that have worked so hard through this challenging summer. In both June and July, we've grown scheduled service departures in excess of 15% year on year while facing some extended aircraft out-of-service events and an IT outage that temporarily disabled the key operational system.Our employees, like usual, delivered for our customers, and I'm personally grateful. There's been a lot of discussion about overcapacity in our industry. For us, in our key market of Minneapolis, the domestic seat growth rate peaked in July and subsides through the rest of the year and into the next spring. As such, we expect lessening fare pressure as we move through the year.It's encouraging to see the industry move aggressively to rightsize schedules. Our reaction to changes in market environment will always be to adjust capacity. Our July Minneapolis seats were up 29% year on year. By September, our seats will be down 9% year on year.July scheduled service volume will be 2.25 times larger than September, September always being the most challenging month for leisure demand. As already announced, we will move capacity aggressively into our other segments, charter and cargo. We still expect a strong winter season for leisure and are planning mid-single-digit capacity growth for our peak upcoming winter. I want to point out that June and July continued to be strong demand months for our scheduled service product. We had sold loads in excess of 85% during both months, with unit revenues up nearly 20% versus pre-COVID comps, even considering our growth. Our ability to manage off-peak capacity while maintaining our unit cost advantage mostly explains the outperformance of our scheduled business as compared to other domestic leisure carriers. In cargo, we have contractual growth along with rate improvements through the end of 2025. For charter, while volumes were generally flat, we've been able to manage to higher margins as we adjust our pre-COVID long-term contracts to the new cost environment.As mentioned before, we have fleet expansion plans of 71 aircraft from our current in-service fleet of 56. All this growth will come from our leased-out fleet, seven aircraft, and from committed cargo deliveries, eight aircraft. In both cases, this growth won't require additional capex. So, we expect to continue to deliver high free cash flow yields in the near midterm.And with that, I'll turn it over to Dave. **Dave Davis** -- President and Chief Financial OfficerThanks, Jude. We're pleased to report that Q2 was our eighth consecutive quarter of profitability and that through the first half of 2024, Sun Country was the most profitable airline in the U.S. This is despite the fact that, unlike for most other carriers, Q2 is a seasonally slower quarter for Sun Country. The domestic revenue environment continues to be impacted by overcapacity, and the resulting impact on fares is that domestic-focused LCC is the hardest.Our resilient business model has allowed us to remain profitable because of the diversity of our revenue streams. As we move through the third quarter, we are slowing scheduled capacity growth. While our model allows us to make tactical capacity allocation decisions quickly, large moves require several quarters to execute. As we mentioned during our announcement of our revised agreement with Amazon, Sun Country's cargo segment will become a larger portion of our business starting in mid-2025.By 2026, we expect revenue from our cargo segment to be almost 20% of our total revenue versus approximately 10% in 2024. The expansion of our cargo segment comes with almost no required capex and drives improved profitability and greater free cash flow. This is the essence of the Sun Country business model. Let me now turn to the specifics of the second quarter. First, on revenue and capacity. In the second quarter, total revenue declined 2.6% versus the second quarter of 2023 to $254.4 million. For our passenger segment, which includes our scheduled service and charter businesses, total revenue fell 5% year over year. Scheduled service revenue declined 7.2%, driven by a 21.3% decline in scheduled service TRASM and an 18.2% increase in ASMs.Clearly, we flew more during off-peak periods than the demand environment could support. In addition, we were impacted by late-June operational challenges in MSP that reduced passenger revenue by between $1 million and $1.5 million. In response to the soft demand environment, we're curtailing our growth in the third quarter and expect scheduled service ASMs to be up 7% to 8% year over year versus the roughly 15% we were originally planning. We expect year-over-year growth to fall further in Q4.The pulldown comes mainly from reducing off-peak flying. Scheduled service ASMs for our full network will still grow in July by about 16% year over year, but by September, they will shrink by 11%. Average total fare per passenger fell by 20.1% during the quarter. While total fare has declined versus last year, the second quarter was the first since COVID that we flew more ASMs in the second quarter of 2019.In Q2 2024, scheduled service TRASM was 12.3% higher than Q2 of '19. Charter revenue in the second quarter grew 2.8% to $51 million, which was a new quarterly high. This result was even more impressive as second-quarter charter block hours declined 10.2% year over year due to scheduling improvements, which reduced the number of ferry flights we operated. Ad hoc charter revenue grew significantly versus last year and was 23% of total charter revenue versus 13% in the second quarter of last year.For our cargo segment, revenue grew by 1.7% to $25.4 million and a 2.4% decrease in block hours. Cargo block hours are influenced by scheduled heavy maintenance events, which drive moderate changes in aircraft availability. We expect year-over-year cargo block hours to grow in both the third and fourth quarter of this year and then to inflect sharply upward in 2025 as we take on an expected eight additional freighter aircraft throughout the year. June was the first month that a portion of the revised Amazon contract rates went into effect. The full impact of the new rates will not be in effect until the second half of 2025. Turning now to costs. Second quarter total operating expenses increased 7.3% and an 8.9% increase in total block hours. CASM declined by 5.1% versus the second quarter of 2023, while adjusted CASM declined 4.9%, marking our third consecutive quarter of year-over-year declines.As our pilot availability issues have eased, we've been able to grow flying through higher aircraft utilization, which was seven and a half hours per day in the second quarter, up 11.9% versus the second quarter of last year. Our declining CASM came despite increases in both ground handling costs and higher airport fees. Ground handling expenses grew by 16.6% year over year, driven by a 20% increase in scheduled service departures, while the roll-off of COVID relief payments that airports had been using to minimize rate increases contributed to a 14.9% increase in landing fees and airport rent expenses. As we move into Q3, the slowing growth in our scheduled service business is likely to result in an increase in adjusted CASM.Regarding our balance sheet, our total liquidity at the end of the second quarter was $153 million. Year to date, we spent $38.2 million on capex. At this point, we do not need to purchase any incremental aircraft until we begin looking for 2027 capacity. We continue to generate strong free cash flow, and we still anticipate full year 2024 capex to be well below $100 million.Our leverage remains low with our net debt-to-adjusted EBITDA ratio at the end of the second quarter at 2.6 times. Finally, the effective income tax rate increased substantially during the three months ended June 30, 2024, as compared with the prior year due to some additional tax expense related to stock compensation. Turning to our guidance, we expect third quarter total revenue to be between $245 million and $255 million on block hour growth of 5% to 8%. We're anticipating our cost per gallon for fuel to be $2.82 and for us to achieve an operating margin between 3% and 5%.Our business is built for resiliency, and we'll continue to allocate capacity between segments to maximize profitability and minimize earnings volatility. With that, I'll open it up for questions. **Questions & Answers:****Operator** Thank you. [Operator instructions] Please stand by while we compile the Q&A roster. And our first question will come from Ravi Shanker from Morgan Stanley. Your line is now open. **Ravi Shanker** -- AnalystThanks. Good morning, everyone. So, big capacity cuts in the back half, that is good to see from an overall industry perspective. But given your unique model and the ability to move around resources, kind of is there anything you guys can do to reallocate those resources to kind of offset the impact on CASM?**Jude Bricker** -- Chief Executive OfficerProbably, in the second half of the year. To some extent, the answer to that is yes, but probably not fully. We've been consistently coming in favorable to our cost projections. The company has done a great job on that front.Just given the sort of pulldown that we've done fairly recently, we'll be able to offset some of the CASM impact but probably not all of it. And we'll be looking for reallocation opportunities, particularly in the charter market as sort of much as we can here on relatively short notice. I'd also add that our charter operations drive higher unit costs than do our scheduled service capacity. So, it won't be apples for apples as we exchange into charter from scheduled service.And finally, really, unit revenue -- unit costs inflect when we start operating below-minimum guarantees for our crews, and we won't hit that level anyway. So, we'll still be in an efficient bandwidth. **Ravi Shanker** -- AnalystUnderstood. That's really helpful. And maybe as a follow-up, how would you characterize the competitive environment in Minneapolis? We heard reports that Delta may be looking to ramp up there. So, has anything changed there?**Jude Bricker** -- Chief Executive OfficerMostly, I mean, I'm getting the information from selling schedules, which are out through March of next year, and we see July as being the peak growth rate across our network for all OAs and an improving condition all the way through the end of the year and into next spring. **Ravi Shanker** -- AnalystVery helpful. Thank you. **Operator** Thank you. Our next question will come from Duane Pfennigwerth from Evercore ISI. Your line is open. **Duane Pfennigwerth** -- AnalystHey. Good morning. Can you remind us how much liquidity you want to keep on the balance sheet? Is there any desire to build up dry powder ahead of the cargo ramp next year? And just given the free cash flow you expect to generate, how are you thinking about capacity for buybacks for the rest of this year?**Dave Davis** -- President and Chief Financial OfficerYes. So, we're sort of at a liquidity trough for the year at sort of this time, and we'll start building liquidity as we begin selling sort of our winter schedule and peak liquidity sort of toward the end of the year. The thing about the liquidity of this business is we think we can operate this at probably relatively lower levels of liquidity than other airlines because a big chunk of our revenue stream is very predictable between our cargo and charter businesses. I hesitate to throw out an exact minimum liquidity number, but it's well below where we're at today. There's really not that much of a need to build liquidity as we head into the cargo ramp because there's really no capex required or very, very little capex required. It will be continuing the stream of pilot hiring that we're doing and then a reallocation of some resource from our scheduled service into the cargo business. So, there's not really any kind of a significant liquidity need there. That will be a liquidity-positive event for us because of the improved profitability of the new cargo flying.To your second question, we've done well over $100 million in share buybacks, and we'll sort of continue to look at our free cash flow profile. We're paying back a lot of debt, and our debt balances are coming down pretty quickly. So, this is something that's always on our plate and we'll probably revisit and take another look at as we move through this year and early into next. **Jude Bricker** -- Chief Executive OfficerJust one more thing on that, Duane. I mean, typically, airlines require a lot of working capital to transition new fleets because of crew training and things like that. I just want to remind everybody that our pilots do all the flying that we do across all three segments from a single base. So, there's really no incremental operating costs associated with the transition either. **Duane Pfennigwerth** -- AnalystYeah, that's very clear. Good reminders. And just to follow up on charter, how do you view the opportunity set now? And maybe just operationally, what is the lead time you need to kind of tilt harder into that segment versus maybe scheduled service? Is that -- are you looking one to two quarters out? Or can you react to opportunities closer in? Thanks for taking the questions. **Jude Bricker** -- Chief Executive OfficerHey, Duane, why don't I start, and I'll turn it over to Grant. So, the charter comes in kind of two flavors. One is contracted charter flying, which is under long-term agreements. It's about seven aircraft worth of flying that we do that's related to that, and essentially, it's us being an airline for someone else, and it's the same aircraft that our passenger scheduled service fleet operates. So, it's interchangeable, but it's very dependable, volumes and profitability. And then there's a big section of charters that's ad hoc, which is booked relatively close in, high-margin flying, and mostly a way for us to allocate surplus capacity into profitable flying. And that's the domestic military market that we participate in, a significant amount of sports charters that we do for predominantly NCAA Sports and Major League Soccer. So, those are a little bit harder to predict because it's close in, but we're pretty bullish on it going into this fall as we continue to expand that market.Grant, any other color on that?**Grant Whitney** -- Executive Vice President, Chief Revenue OfficerYeah. The only thing I would add would be even in the second quarter, when we really were biased toward scheduled service growth, using up what we thought were pretty much all of our crew resources, we still were able to pivot pretty significantly, as Jude mentioned, to those military trips and those close-in ad hoc trips. And as we look toward the back half of the year, we're going to be very aggressive. There's really -- we don't have to wait.Those requests are coming to us, and the team is very poised to go out. And where there is an opportunity, where we can do it profitably, we're going to do it, and we have such a good reputation in the marketplace that people come to us pretty quickly when we have that capacity. And when we do -- when things do get tight, we sort of take that capacity off. And we can turn it on very, very quickly, which we're doing right now. **Duane Pfennigwerth** -- AnalystOK. Thank you. **Jude Bricker** -- Chief Executive OfficerThanks, Duane. **Operator** Thank you. Our next question will come from Scott Group from Wolfe. Your line is now open. **Scott Group** -- AnalystHey, thanks. Good morning, guys. With the capacity you're talking about, are you in the camp of a September RASM inflection? And then is there -- in your mind, is there a risk like this is just like a head fake of September's off-peak, and its capacity starts to reaccelerate in Q4? **Jude Bricker** -- Chief Executive OfficerNo. I think we're seeing a structural change in the growth rate. I think we saw a reallocation of capacity into the domestic leisure market in '22, and then capacity chased that demand into big market connectivity, transatlantic. The Midwest was kind of late to get those capacity growth reallocations from the post-COVID environment, and we saw growth rates peak in July.And everybody is selling out through April now, so I feel fairly confident that our peak winter schedule will show the kind of profitability that we're all expecting as we move into this winter. So, no, I don't think that's the case. September for us is always --**Scott Group** -- AnalystThe September piece?**Jude Bricker** -- Chief Executive OfficerYeah. September for us is always challenging. So, when we cut down capacity, obviously, we're able to identify the flights down to the very flight level that aren't going to make a positive contribution and cut those out. So, we're expecting a pretty good September, all things equal, because we've had the time to prepare under the current environment, which is substantially different than when we planned the year out. **Scott Group** -- AnalystThank you. Can you just remind us the timing of the aircraft ramp with Amazon? You had a comment that we're seeing a partial impact of the higher rates in June, but we don't see the full impact until the second half next year. Can you just talk about that?**Jude Bricker** -- Chief Executive OfficerYeah. So, I can't go into the details on how the rates come in, but basically, we got a partial increase in rate when we signed the deal. So, really, that didn't have any impact on our numbers until June. So, the effect of the second quarter of the new Amazon rates is very small. But there's this piece that came in when we signed the deal and then additional increases as the aircraft come in. And the aircraft, right now, we expect to start arriving in March of 2025 and then to come in relatively quickly so that by the third quarter, they're kind of all on board here. Now, things can move left or right a little bit, but that's the instruction we've been given and sort of the path that we're on. **Scott Group** -- AnalystAnd so, we still get like this -- I guess for lack of a better word, like two bites of the apple next year where we get the Q1 benefit of scheduled, and then we get the cargo ramp in the rest of the year. **Jude Bricker** -- Chief Executive OfficerYeah. Yeah, that's exactly right. So, look, we're really bullish on next year, and part of the reason is what you just said. So, we're going to be able to continue allocating all of our resources as much as necessary to scheduled service in Q1, which obviously is the biggest quarter for us by far, and then transition very smoothly as things slow down for us into the cargo business more.So, it kind of works out really well. **Scott Group** -- AnalystOK. Thank you, guys. **Jude Bricker** -- Chief Executive OfficerThanks, Scott. **Operator** Thank you. Our next question will come from Michael Linenberg from Deutsche Bank. Your line is open. **Michael Linenberg** -- AnalystYeah. Hey, good morning, everyone. When I look at, you know, your schedules for the winter, you talk about 55 or more than 55 cities that you're going to serve nonstop for Minneapolis. When I think about what you're going to serve and maybe what you were serving a year ago, it does seem like there are some markets that you have pulled out of. Curious what is, you know, the common denominator in some of those markets. Was it just they didn't ramp up well, they didn't accompany maybe some of the charter flying that you did, maybe they were sort of part of a package, or it's just the competitive response? Anything we can take away from that?**Jude Bricker** -- Chief Executive OfficerWell, first, there's seasonal markets that happen across our network that are going to be repetitive every year. And nearly everything -- every market works for Minneapolis. In June and July, nearly all of our winter -- I mean, we need more capacity in winter, and nearly everything works. I think everything works in that period of time as well, but they're very different networks, summer to winter.I think the thing to watch as we go into summer '25, some of our markets will need to be suspended through summer '25 and not come back into the network till future years, and that's because of reallocation into cargo. But our winter network will be intact. Yeah. **Michael Linenberg** -- AnalystOK. That's helpful. And then just secondly, as you ramp and bring on the additional airplanes and you talk about sort of reallocating resources, where are we on pilots and staffing, first officers versus captains? Should we see any sort of teething issues as we ramp up into 2025 with the additional airplanes coming on for cargo, etc.? Thanks. Thanks for taking my question. **Gregory Mays** -- Executive Vice President, Chief Operating OfficerYeah. This is Greg Mays. I think with regard to pilots, we've been able to allocate resources and not be constrained by pilots or staffing, really, generally. So, as we look out into 2025, we don't see any change to that. We see overall industry hiring is way down, so things look good for us. We still would love to have more captains upgrade, but at this point in time, that's not constraining our growth. We feel really, as Dave said, bullish about 2025. **Michael Linenberg** -- AnalystGreat. Thanks. **Operator** Thank you. [Operator instructions] One moment for our next question, please. And our next question will come from Tom Fitzgerald from TD Cowen. Your line is open. **Tom Fitzgerald** -- TD Cowen -- AnalystHi, everyone. Thanks for the time. Can we just go back to capital allocation again? And just given everything with where the business is going and how cheap the stock is right now, why not issue debt instead of paying down debt and use the proceeds to buy back your stock?**Dave Davis** -- President and Chief Financial OfficerLook, we've sort of considered all different avenues here. Debt isn't sort of cheap as it could be at this point. We're kind of looking at everything. We're sort of making capital allocation decisions here, not just for the next three to six months but for the long term.We want to continue to operate with a conservative balance sheet, and sort of loading up with more debt right now to buy back stock is probably not something that we're going to do in the short term. **Tom Fitzgerald** -- TD Cowen -- AnalystOK. Fair enough. That's helpful. And then just like longer term, kind of once you kind of get on past 2026, just how are you thinking about the network and whether you need another focus study beyond Minneapolis? Thanks again for the time. **Jude Bricker** -- Chief Executive OfficerHey, Tom. There's not a lot of growth opportunities outside of Minneapolis, other than the stuff that we already have in the schedule like Texas origination down in Mexican-Caribbean markets in the summertime. In the past, we've had a lot of success expanding our Midwest footprint into origination markets around Minneapolis. We also had a nice business in 2019 flying Hawaii.Hawaii is not a great place to be right now. So, with the yield environment, there's nothing that's obvious and urgent for us to move into. And so, I think, quite frankly, what we're going to be waiting on is some of our competitors to go through some challenging times and free up some opportunity for us. And that's why we want to think about having some powder on the balance sheet and just being able to be dynamic to be able to reallocate capacity when it presents itself, which I think is going to be an opportunity that's difficult to predict as we sit here today.The best thing for us in the near term is, as we talked about, cargo and charter opportunities. **Dave Davis** -- President and Chief Financial OfficerYeah, this is Dave. I completely agree with what Jude just said. '25 for us is a year of integrating these new cargo aircraft, taking advantage of the economics of that new deal. And then we'll look at the landscape in '26. There's growth opportunities -- there could be growth opportunities here, growth opportunities elsewhere, but we'll see what the landscape looks like in '26 and beyond. And I think given the state of some others, we expect it to be a different landscape than it looks like at this particular minute. **Operator** Does that conclude your questions, Mr. Fitzgerald?**Tom Fitzgerald** -- TD Cowen -- AnalystYes. Thanks. Thanks very much for the time, everyone. **Jude Bricker** -- Chief Executive OfficerThanks, Tom. **Operator** Thank you. One moment for our next question. And we do have a follow-up from Scott Group from Wolfe. Your line is open. **Scott Group** -- AnalystHey, guys. Thanks for the follow-up. So, I just want to make sure we're thinking about full year '25 right just with the moving pieces. Can you just remind us how to think about how much scheduled ASMs are going to be down and then what you think a full year sort of block hours is for cargo?**Dave Davis** -- President and Chief Financial OfficerYeah. So, let me sort of just describe it this way. So, basically, we're going to be taking these cargo aircraft in, and that is going to have sort of the first call on the resources that we have here, particularly on the pilot front. Then as we have remaining resources available, we'll allocate that between scheduled service and charter, depending on where the opportunity is.So, part of this depends on exactly where we sit from a pilot availability standpoint, frankly, going into '25. Our current outlook is likely to be down high single, low double digits on a block hour basis -- or sorry, on an ASM basis for scheduled service, but that can move left or right, depending on exactly where we sit from a pilot perspective. I think we had the block hour growth for cargo next year. Give me one second here. Yes, I don't have the '25 number right in front of me. We can follow up with you on that, but it'll obviously be significant since we're bringing in eight new aircraft. But the size of our scheduled service and charter business is going to be driven by resource availability, particularly pilots. **Scott Group** -- AnalystAnd any thoughts on what that mix shift should mean from just total cost or unit cost perspective?**Dave Davis** -- President and Chief Financial OfficerProbably a little premature to sort of talk about that as to what's going to happen with CASM next year precisely. The cargo business is going to consume some of our resources here. So, there's going to be some additional allocation of overhead and other things for the cargo business. So, that mix just isn't sort of straightened out quite yet.Just quickly, yes, I think as we sit right now, we're expecting the cargo segment to be up, let's say, 60% to 63% in block hours in 2025 over 2024. **Scott Group** -- AnalystOK. So, it doesn't sound like anything -- from what you guys laid out for us in June when you first made this announcement, it doesn't sound like anything is really changing. **Dave Davis** -- President and Chief Financial OfficerNothing is really changing significantly. I'll tell you, the only trend that we're seeing a little bit is maybe a little bit of improved pilot availability, which would say maybe we could be a little bit bigger next year from a scheduled service perspective. On the call, I said down 10% to 12%, I think, in the scheduled service segment. Our latest numbers have us more like high single digits.So, that's the number that's kind of moving left and right now, but the delivery schedule of the aircraft they talked about on the last call is still relevant. **Jude Bricker** -- Chief Executive OfficerImportant that you called out the seasonality of the growth is really beneficial for us. So, the first quarter will be intact, and we'll see at least mid-single-digit growth January, February, March. And then as we move into the year and start taking cargo airplanes, that's where we'll see a drawdown of our sched business. **Scott Group** -- AnalystOK. Thank you, guys. Appreciate it. **Jude Bricker** -- Chief Executive OfficerThanks, Scott. **Operator** Thank you. And our next follow-up comes from Michael Linenberg from Deutsche Bank. Your line is open. **Michael Linenberg** -- AnalystYeah. Hey, thanks for the follow-up. Just a quick -- as we think about composition of revenue, do we get to, like, 35% or 40% of your revenue is cargo and/or charter for next year? Or am I just too high? Just trying to get a better sense. **Dave Davis** -- President and Chief Financial OfficerI think that number is probably not unrealistic for '26, but that sort of 35-plus number in '25 is not going to be that high. **Jude Bricker** -- Chief Executive OfficerI want to point out, block hours, we might get something like that toward the end of next year and going into the subsequent year, but the density of revenue is a lot higher in charter and scheduled service because of fuel pass-through and some other costs, too. So, the revenue per block hour is a lot lower in cargo just because of the way the accounting is treated for fuel expenses that we don't pay and things like that. **Michael Linenberg** -- AnalystYeah. I'm just thinking about how that's going to impact your cost and also your fuel bill since a big chunk of your business, it is going to be this pass-through. OK. No.That's helpful. Thank you. **Jude Bricker** -- Chief Executive OfficerThanks, Mike. **Operator** Thank you. And I am showing no further questions in our phone lines. I'd now like to turn the conference back over to Jude Bricker for any closing remarks. **Jude Bricker** -- Chief Executive OfficerThanks for your interest, guys. Three big points. Capacity growth has peaked, and we feel that it's going to be a constructive fare environment moving through the end of the year. Our block hour growth will continue, but we're going to shift into cargo predominantly. And we're really bullish on our free cash flow production as we have already acquired the growth for the next several years. And lastly, I'll end with just being so proud to be part of this team that executed so well through such challenging period. This IT interruption the whole industry had to deal with was severe for our frontline employees, and they executed beautifully, and I'm just so proud of them. Thanks, and we'll talk to you, guys, next quarter.Appreciate your interest. **Operator** [Operator signoff]**Duration: 0 minutes****Call participants:****Chris Allen** -- Director, Investor Relations** Jude Bricker** -- Chief Executive Officer** Dave Davis** -- President and Chief Financial Officer** Ravi Shanker** -- Analyst** Duane Pfennigwerth** -- Analyst** Grant Whitney** -- Executive Vice President, Chief Revenue Officer** Scott Group** -- Analyst** Michael Linenberg** -- Analyst** Gregory Mays** -- Executive Vice President, Chief Operating Officer** Tom Fitzgerald** -- TD Cowen -- Analyst [More SNCY analysis](https://www.fool.com/quote/sncy?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e1e360b8-79d3-48f3-b88e-75a2bd218f7f)[All earnings call transcripts](https://www.fool.com/earnings-call-transcripts/?utm_source=nasdaq&utm_medium=feed&utm_campaign=article&referring_guid=e1e360b8-79d3-48f3-b88e-75a2bd218f7f) This article is a transcript of this conference call produced for The Motley Fool. While we strive for our Foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with all our articles, The Motley Fool does not assume any responsibility for your use of this content, and we strongly encourage you to do your own research, including listening to the call yourself and reading the company's SEC filings. Please see our [Terms and Conditions](https://www.fool.com/legal/terms-and-conditions/fool-rules) for additional details, including our Obligatory Capitalized Disclaimers of Liability. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a [disclosure policy](https://www.fool.com/legal/fool-disclosure-policy/). | Sun Country Airlines (SNCY) Q2 2024 Earnings Call Transcript | News | The Motley Fool | Motley Fool Transcribing | 0.0554 | 12.7895 | 12.8515 | 13.1458 | 11.7933 | 11.7933 | 11.7917 | 11.7933 | 11.7912 | 11.7912 | 11.7545 | 11.793 | 11.2297 | 11.0453 | 10.6932 | 10.6433 | 10.7499 | 9.72172 | 10.9414 |
RVLV | Revolve Group, Inc. | Consumer Discretionary | Catalog/Specialty Distribution | https://www.nasdaq.com/articles/should-you-buy-gigacloud-gct-ahead-q2-earnings-report | 2024-08-02 15:04:00 | Stocks|BYON|GCT | **GigaCloud Technology Inc.** [GCT](https://www.nasdaq.com/market-activity/stocks/gct) will report its [second-quarter 2024](https://www.zacks.com/stock/research/GCT/earnings-calendar) results on Aug 6, after the bell.The Zacks Consensus Estimate for earnings in the to-be-reported quarter stands at 71 cents, indicating 57.8% growth from the year-ago reported quarter. The consensus estimate for revenues is pegged at $272.5 million, indicating 78% year-over-year growth. There has been no change in analyst estimates or revisions lately. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/86/73249.jpg?v=220440595) Image Source: Zacks Investment ResearchThe company has an impressive earnings surprise history. Earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, with an average earnings surprise of 47.9%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/0c/73251.jpg?v=1557013396) Image Source: Zacks Investment Research** Lesser Chance of Q2 Earnings Beat** Our proven model doesn’t conclusively predict an earnings beat for GCT this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they're reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter).GCT has an Earnings ESP of 0.00% and a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**. ** **All Round Healthy Business Should be the Driver in Q2**We expect that the significant year-over-year improvement in the company’s top line in the to-be-reported quarter will be driven by an increase in both service and product revenues. The consensus estimate for service revenues is pegged at $76 million, indicating 76.7% year-over-year growth. The consensus mark for product revenues is pegged at $215 million, indicating 95.5% year-over-year growth. **Stock in Correction Phase** GCT has rallied a massive 50% year to date while plummeting 1.6% in the past six months and 26.4% in the past three months. These price dynamics suggest that the stock is in a correction phase.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/f4/73248.jpg?v=566850272) Image Source: Zacks Investment ResearchWhen we compare GCT's performance to its close competitors, the results are intriguing. While **Revolve Group** [RVLV](https://www.nasdaq.com/market-activity/stocks/rvlv) has seen a 10.3% rise, **Beyond** [BYON](https://www.nasdaq.com/market-activity/stocks/byon) has suffered a 62% decline year to date. **Investment Considerations** GCT merges its supplier-fulfilled retailing business model with advanced research and development to enhance its robust cloud infrastructure. This strategy offers a superior B2B selling and sourcing experience in the marketplace. Addressing the demand for large parcel merchandise, GCT saw significant growth in GigaCloud Marketplace GMV, sales volume, and the number of buyers and sellers. In the first quarter of 2024, sales rose 96.5% year over year, with GMV up 64% and active buyers and 3P sellers increasing by 29.1% and 43.7%, respectively. GCT launched Branding-as-a-Service (BaaS) to help sellers improve product competitiveness. By expanding its supplier base to Colombia, Mexico and Turkey, GCT increased product diversity. The company also expanded its global fulfillment network to better support its growing marketplace demand. **Hold Off for a More Favorable Entry Point** While GCT’s current growth prospects appear robust, potential investors should consider waiting as the stock may undergo a further correction, especially when it does not seem poised for an earnings beat. GCT's long-term growth potential remains strong, making it a compelling stock to watch for the right investment opportunity. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_292_IND_08022024&cid=CS-NASDAQ-FT-analyst_blog|most_popular_stocks-2315553)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_292&cid=CS-NASDAQ-FT-analyst_blog|most_popular_stocks-2315553) [Revolve Group, Inc. (RVLV) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RVLV&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_292&cid=CS-NASDAQ-FT-analyst_blog|most_popular_stocks-2315553)[GigaCloud Technology Inc. (GCT) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=GCT&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_292&cid=CS-NASDAQ-FT-analyst_blog|most_popular_stocks-2315553)[Beyond, Inc. (BYON) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BYON&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_292&cid=CS-NASDAQ-FT-analyst_blog|most_popular_stocks-2315553)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315553/should-you-buy-gigacloud-gct-ahead-of-q2-earnings-report?cid=CS-NASDAQ-FT-analyst_blog|most_popular_stocks-2315553)[Zacks Investment Research](https://www.zacks.com/) | Should You Buy GigaCloud (GCT) Ahead of Q2 Earnings Report? | News | Zacks | Shuvra Shankar Dey | 0.0554 | 18.6467 | 19.5117 | 19.619 | 18.2774 | 18.1442 | 18.2995 | 18.376 | 18.1208 | 18.1776 | 17.0298 | 18.0922 | 18.8778 | 18.6392 | 17.4752 | 17.1939 | 17.885 | 24.023 | 22.92 |
SHYF | The Shyft Group, Inc. | Consumer Discretionary | Auto Manufacturing | https://www.nasdaq.com/articles/41-july-how-high-can-breakout-small-cap-stock-rise | 2024-08-02 15:04:00 | Stocks|F|FDX | The Shyft Group [(SHYF)](https://www.nasdaq.com/market-activity/stocks/shyf), valued at $525 million by market cap, is a specialty vehicle manufacturer, assembly, and uplift company for commercial, retail, and service vehicle markets. Its customers include first-to-last-mile delivery companies across sectors.While [SHYF has trailed the broader markets](https://www.nasdaq.com/market-activity/stocks/shyf) in the last three years, the small-cap stock gained momentum following its Q2 results, and ended the month of July on a gain of more than 41%. The stock has retreated sharply so far in August, down 18% from its July 31 annual highs amid resurgent recession fears. As a result, SHYF has now largely filled its post-earnings bull gap, though the shares have yet to stabilize near short-term support.[Image](https://barchart-news-media-prod.aws.barchart.com/EXCLSV/72369dc13eb4a290a4e4eafe82c2d438/vytvdcnwlaqdcvvy.png) [www.barchart.com](https://www.nasdaq.com/market-activity/stocks/shyf/advanced-charting) Longer term, the strong demand for [battery-powered vehicles](https://www.barchart.com/story/news/27766379/is-this-ev-penny-stock-a-buy-as-tesla-supercharger-execs-join-the-team) should act as a massive tailwind for the company in the future. Let’s see what’s driving SHYF higher, and whether it makes sense to invest in this small-cap stock at the current multiple. ****The Shyft Group Reports Q2 Results****In Q2 of 2024, the Shyft Group [reported](https://www.barchart.com/story/news/27604193/the-shyft-group-q2-earnings-snapshot) revenue of $192.8 million, down 14.4% year over year. Its adjusted net income narrowed from $8.7 million, or $0.25 per share, to $5.3 million, or $0.16 per share, in the last 12 months.The Shyft Group reported adjusted EBITDA (earnings before interest, tax, depreciation, and amortization) of $12.5 million, down from $15.9 million in the year-ago period. Additionally, its consolidated backlog of $354.4 million was 30.5% lower than last year's backlog of $510.2 million.During its earnings release, Shyft Group also announced its acquisition of Independent Truck Upfitters (ITU), a service body and work truck upfitter based in the Midwest. The acquisition should align with Shyft’s specialty vehicles and infrastructure-focused growth strategy. ITU serves utility, construction, and fleet management companies with custom solutions and aftermarket accessories. It specializes in larger vehicles and complex service body up-fitting and should help Shyft enter new markets and gain traction across higher-class-sized products. ****DA Davidson is Bullish on SHYF Stock****Investment bank DA Davidson is bullish on The Shyft Group, with the brokerage arguing that the vocation truck vertical is positioned for rapid growth. According to DA Davidson, Shyft’s [acquisition of ITU](https://www.msn.com/en-us/money/topstocks/shyft-s-favorable-q2-results-earns-upgrade-at-da-davidson/ar-BB1qQ19D) is a “home run.” The positive comments came alongside an upgrade for SHYF from “Neutral” to “Buy,” and a price-target hike to $18 - a new Street-high for the lightly covered shares.DA Davidson emphasized that Shyft’s Service Body business performed well and the production of Super Duty chassis reached its highest level in 27 years. The firm also believes that the Service Body business should continue to perform well as Ford Motor [(F)](https://www.nasdaq.com/market-activity/stocks/f) disclosed plans to increase Super Duty production capacity by 25%.In May 2024, The Shyft Group announced that FedEx [(FDX)](https://www.nasdaq.com/market-activity/stocks/fdx) placed a purchase order for 150 Blue Arc EV Trucks. These electric trucks will be integrated with FedEx’s pickup and delivery fleet in the U.S. as the logistics giant accelerates the adoption of commercial-grade EVs. ****Is SHYF Stock a Good Buy Right Now?****Out of the four analysts covering SHYF stock, two recommend “strong buy” and two recommend “hold,” for a split consensus of “moderate buy.” [Image](https://barchart-news-media-prod.aws.barchart.com/EXCLSV/72369dc13eb4a290a4e4eafe82c2d438/5idk9mbkatiqzn1e.png) [www.barchart.com](https://www.nasdaq.com/market-activity/stocks/shyf/analyst-research) The average 12-month target price for SHYF stock now stands at $15.33, about 6.7% north of current levels. According to consensus earnings estimates, The Shyft Group is forecast to expand its adjusted earnings per share to $1.10 per share by 2028. So, priced at 30x forward earnings, the stock could trade at $33 per share, indicating an upside potential of over 100% from current levels.On the date of publication, [Aditya Raghunath](https://www.barchart.com/news/authors/310/aditya-raghunath) did not have (either directly or indirectly) positions in any of the securities mentioned in this article. All information and data in this article is solely for informational purposes. For more information please view the Barchart Disclosure Policy [here](https://www.barchart.com/terms#disclosure). | Up 41% in July, How High Can This Breakout Small-Cap Stock Rise? | News | Barchart | Aditya Raghunath | 0.0554 | 14.0046 | 16.3374 | 16.5501 | 15.3752 | 15.3657 | 15.3755 | 15.3834 | 15.3663 | 15.375 | 14.9108 | 14.1985 | 14.6272 | 14.5986 | 13.7862 | 13.7639 | 14.1971 | 12.7323 | 14.19 |
MGPI | MGP Ingredients, Inc. | Consumer Staples | Beverages (Production/Distribution) | https://www.nasdaq.com/articles/valideas-top-consumer-staples-stocks-based-peter-lynch-8-2-2024 | 2024-08-02 15:04:00 | Markets|DAR|SYY|LW | The following are the top rated Consumer Staples stocks according to Validea's [P/E/Growth Investor](https://www.validea.com/p-e-growth-investor-portfolio/peter-lynch) model based on the published strategy of [Peter Lynch](https://www.validea.com/peter-lynch). This strategy looks for stocks trading at a reasonable price relative to earnings growth that also possess strong balance sheets. **MGP INGREDIENTS INC ([MGPI](https://www.nasdaq.com/market-activity/stocks/MGPI)))** is a small-cap growth stock in the Beverages (Alcoholic) industry. The rating according to our strategy based on Peter Lynch is 91% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. **Company Description:**MGP Ingredients, Inc. is a producer and supplier of distilled spirits, branded spirits, and food ingredients. The Company operates through three segments: Distilling Solutions, Branded Spirits, and Ingredient Solutions. The Distilling Solutions segment consists of food grade alcohol and distillery co-products, such as distillers feed, fuel grade alcohol, and corn oil. This segment also includes warehouse services, including barrel put away, storage, and retrieval services, as well as blending services. The Branded Spirits segment consists of a portfolio of high-quality brands, which it produces through its distilleries and bottling facilities and sell to distributors pursuant to customer contracts and purchase orders. Its Ingredient Solutions segment consists primarily of specialty wheat starches, specialty wheat proteins, commodity wheat starches, and commodity wheat proteins. It is also a producer of industrial alcohol for use in both food and non-food applications.The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. \begin{table}{|c|c|} \hline P/E/GROWTH RATIO: & PASS \\ \hline SALES AND P/E RATIO: & NEUTRAL \\ \hline INVENTORY TO SALES: & PASS \\ \hline EPS GROWTH RATE: & PASS \\ \hline TOTAL DEBT/EQUITY RATIO: & PASS \\ \hline FREE CASH FLOW: & NEUTRAL \\ \hline NET CASH POSITION: & NEUTRAL \\ \hline \end{table} Detailed Analysis of MGP INGREDIENTS INC [MGPI Guru Analysis](https://www.validea.com/guru-analysis/mgpi)[MGPI Fundamental Analysis](https://www.validea.com/factor-report/mgpi)**SYSCO CORP ([SYY](https://www.nasdaq.com/market-activity/stocks/SYY)))** is a large-cap growth stock in the Food Processing industry. The rating according to our strategy based on Peter Lynch is 74% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. **Company Description:**Sysco Corporation is engaged in selling, marketing and distributing food products to restaurants, healthcare and educational facilities, lodging establishments and other customers who prepare meals away from home. The Company's segments include U.S. Foodservice Operations, International Foodservice Operations, SYGMA and Others. The U.S. Foodservice Operations segment includes its United States broadline operations, which distributes a full line of food products, including custom-cut meat, seafood, produce, specialty Italian, specialty imports and a variety of non-food products. The International Foodservice Operations segment includes operations outside of the United States, which distribute a full line of food products and a variety of non-food products. The SYGMA segment includes its United States customized distribution operations serving quick-service chain restaurant customer locations. Its Other segment primarily includes its hotel supply operations. The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. \begin{table}{|c|c|} \hline P/E/GROWTH RATIO: & PASS \\ \hline SALES AND P/E RATIO: & PASS \\ \hline INVENTORY TO SALES: & PASS \\ \hline EPS GROWTH RATE: & PASS \\ \hline TOTAL DEBT/EQUITY RATIO: & FAIL \\ \hline FREE CASH FLOW: & NEUTRAL \\ \hline NET CASH POSITION: & NEUTRAL \\ \hline \end{table} Detailed Analysis of SYSCO CORP [SYY Guru Analysis](https://www.validea.com/guru-analysis/syy)[SYY Fundamental Analysis](https://www.validea.com/factor-report/syy)**LAMB WESTON HOLDINGS INC ([LW](https://www.nasdaq.com/market-activity/stocks/LW)))** is a mid-cap value stock in the Food Processing industry. The rating according to our strategy based on Peter Lynch is 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. **Company Description:**Lamb Weston Holdings, Inc. is a global producer, distributor, and marketer of value-added frozen potato products. The Company is a supplier of frozen potato, sweet potato, appetizer and vegetable products to restaurants and retailers around the globe. The Company's segments include North America and International. The Company's frozen potato products are sold in North America and international markets generally to North American-based restaurant chains and international customers, comprised of global and regional quick service and full-service restaurant chains, foodservice distributors, and retailers. Its product portfolio includes frozen potatoes and appetizers sold under the Lamb Weston brand, as well as many customer labels. The Company's product categories include classic fries, extra crispy fries, sweet potatoes, and other products. Its recipes include appetizers, desserts, dips, sauces and seasonings, entree, salad, side dishes, and topped and loaded.The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. \begin{table}{|c|c|} \hline INVENTORY TO SALES: & PASS \\ \hline YIELD ADJUSTED P/E TO GROWTH (PEG) RATIO: & PASS \\ \hline EARNINGS PER SHARE: & PASS \\ \hline TOTAL DEBT/EQUITY RATIO: & FAIL \\ \hline FREE CASH FLOW: & NEUTRAL \\ \hline NET CASH POSITION: & NEUTRAL \\ \hline \end{table} Detailed Analysis of LAMB WESTON HOLDINGS INC [LW Guru Analysis](https://www.validea.com/guru-analysis/lw)[LW Fundamental Analysis](https://www.validea.com/factor-report/lw)**DARLING INGREDIENTS INC ([DAR](https://www.nasdaq.com/market-activity/stocks/DAR)))** is a mid-cap growth stock in the Food Processing industry. The rating according to our strategy based on Peter Lynch is 72% based on the firm’s underlying fundamentals and the stock’s valuation. A score of 80% or above typically indicates that the strategy has some interest in the stock and a score above 90% typically indicates strong interest. **Company Description:**Darling Ingredients Inc. develops and produces sustainable natural ingredients from edible and inedible bio-nutrients, creating a range of ingredients and customized specialty solutions for customers in the pharmaceutical, food, pet food, animal feed, industrial, fuel, bioenergy and fertilizer industries. Its segments include Feed Ingredients, Food Ingredients and Fuel Ingredients. Feed Ingredients operating segment includes its global activities related to the collection and processing of beef, poultry and pork animal by-products in North America, Europe and South America into non-food grade oils and protein meals, and others. Food Ingredients operating segment includes its global activities related to the purchase and processing of beef and pork bone chips, beef hides, pig skins, and fish skins into collagen, and others. Fuel Ingredients operating segment includes its global activities related to the conversion of organic sludge and food waste into biogas in Europe, and others.The following table summarizes whether the stock meets each of this strategy's tests. Not all criteria in the below table receive equal weighting or are independent, but the table provides a brief overview of the strong and weak points of the security in the context of the strategy's criteria. \begin{table}{|c|c|} \hline P/E/GROWTH RATIO: & PASS \\ \hline SALES AND P/E RATIO: & PASS \\ \hline INVENTORY TO SALES: & PASS \\ \hline EPS GROWTH RATE: & PASS \\ \hline TOTAL DEBT/EQUITY RATIO: & FAIL \\ \hline FREE CASH FLOW: & NEUTRAL \\ \hline NET CASH POSITION: & NEUTRAL \\ \hline \end{table} Detailed Analysis of DARLING INGREDIENTS INC [DAR Guru Analysis](https://www.validea.com/guru-analysis/dar)[DAR Fundamental Analysis](https://www.validea.com/factor-report/dar)[Peter Lynch Portfolio](https://www.validea.com/peter-lynch)[Top Peter Lynch Stocks](https://www.validea.com/peter-lynch-stocks)**About Peter Lynch**: Perhaps the greatest mutual fund manager of all-time, Lynch guided Fidelity Investment's Magellan Fund to a 29.2 percent average annual return from 1977 until his retirement in 1990, almost doubling the S&P 500's 15.8 percent yearly return over that time. Lynch's common sense approach and quick wit made him one of the most quoted investors on Wall Street. ("Go for a business that any idiot can run -- because sooner or later, any idiot probably is going to run it," is one of his many pearls of wisdom.) Lynch's bestseller One Up on Wall Street is something of a "stocks for the everyman/everywoman", breaking his approach down into easy-to-understand concepts. **About Validea**: Validea is an [investment research](https://www.nasdaq.com/market-activity) service that follows the published strategies of investment legends. Validea offers both stock analysis and model portfolios based on gurus who have outperformed the market over the long-term, including Warren Buffett, Benjamin Graham, Peter Lynch and Martin Zweig. For more information about Validea, [click here](http://www.validea.com/) | Validea's Top Consumer Staples Stocks Based On Peter Lynch - 8/2/2024 | News | Validea | John Reese | 0.0554 | 82.1463 | 81.4993 | 81.6039 | 85.6039 | 85.6039 | 85.6039 | 85.6039 | 85.6039 | 85.6039 | 83.6298 | 84.8411 | 85.8324 | 85.0954 | 83.1814 | 82.9501 | 83.1107 | 87.08 | 89.5894 |
GCT | GigaCloud Technology Inc. | Consumer Discretionary | Catalog/Specialty Distribution | https://www.nasdaq.com/articles/should-you-buy-gigacloud-gct-ahead-q2-earnings-report | 2024-08-02 15:04:00 | Unknown | **GigaCloud Technology Inc.** [GCT](https://www.nasdaq.com/market-activity/stocks/gct) will report its [second-quarter 2024](https://www.zacks.com/stock/research/GCT/earnings-calendar) results on Aug 6, after the bell.The Zacks Consensus Estimate for earnings in the to-be-reported quarter stands at 71 cents, indicating 57.8% growth from the year-ago reported quarter. The consensus estimate for revenues is pegged at $272.5 million, indicating 78% year-over-year growth. There has been no change in analyst estimates or revisions lately. [Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/86/73249.jpg?v=220440595) Image Source: Zacks Investment ResearchThe company has an impressive earnings surprise history. Earnings surpassed the Zacks Consensus Estimate in all the trailing four quarters, with an average earnings surprise of 47.9%.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/0c/73251.jpg?v=1557013396) Image Source: Zacks Investment Research** Lesser Chance of Q2 Earnings Beat** Our proven model doesn’t conclusively predict an earnings beat for GCT this time around. The combination of a positive [Earnings ESP](https://www.zacks.com/earnings/earnings-surprise-predictions/) and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. But that’s not the case here. You can uncover the best stocks to buy or sell before they're reported with our [Earnings ESP Filter](https://www.zacks.com/premium/esp-buy?adid=zp_article_espfilter&icid=zpi_article_espfilter).GCT has an Earnings ESP of 0.00% and a Zacks Rank #3. You can see [the complete list of today’s Zacks #1 Rank stocks here](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**. ** **All Round Healthy Business Should be the Driver in Q2**We expect that the significant year-over-year improvement in the company’s top line in the to-be-reported quarter will be driven by an increase in both service and product revenues. The consensus estimate for service revenues is pegged at $76 million, indicating 76.7% year-over-year growth. The consensus mark for product revenues is pegged at $215 million, indicating 95.5% year-over-year growth. **Stock in Correction Phase** GCT has rallied a massive 50% year to date while plummeting 1.6% in the past six months and 26.4% in the past three months. These price dynamics suggest that the stock is in a correction phase.[Zacks Investment Research](https://staticx-tuner.zacks.com/images/articles/charts/f4/73248.jpg?v=566850272) Image Source: Zacks Investment ResearchWhen we compare GCT's performance to its close competitors, the results are intriguing. While **Revolve Group** [RVLV](https://www.nasdaq.com/market-activity/stocks/rvlv) has seen a 10.3% rise, **Beyond** [BYON](https://www.nasdaq.com/market-activity/stocks/byon) has suffered a 62% decline year to date. **Investment Considerations** GCT merges its supplier-fulfilled retailing business model with advanced research and development to enhance its robust cloud infrastructure. This strategy offers a superior B2B selling and sourcing experience in the marketplace. Addressing the demand for large parcel merchandise, GCT saw significant growth in GigaCloud Marketplace GMV, sales volume, and the number of buyers and sellers. In the first quarter of 2024, sales rose 96.5% year over year, with GMV up 64% and active buyers and 3P sellers increasing by 29.1% and 43.7%, respectively. GCT launched Branding-as-a-Service (BaaS) to help sellers improve product competitiveness. By expanding its supplier base to Colombia, Mexico and Turkey, GCT increased product diversity. The company also expanded its global fulfillment network to better support its growing marketplace demand. **Hold Off for a More Favorable Entry Point** While GCT’s current growth prospects appear robust, potential investors should consider waiting as the stock may undergo a further correction, especially when it does not seem poised for an earnings beat. GCT's long-term growth potential remains strong, making it a compelling stock to watch for the right investment opportunity. **Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_ANALYSTBLOG_292_IND_08022024&cid=CS-NASDAQ-FT-analyst_blog|most_popular_stocks-2315553)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_ANALYSTBLOG_292&cid=CS-NASDAQ-FT-analyst_blog|most_popular_stocks-2315553) [Revolve Group, Inc. (RVLV) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=RVLV&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_292&cid=CS-NASDAQ-FT-analyst_blog|most_popular_stocks-2315553)[GigaCloud Technology Inc. (GCT) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=GCT&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_292&cid=CS-NASDAQ-FT-analyst_blog|most_popular_stocks-2315553)[Beyond, Inc. (BYON) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=BYON&ADID=SYND_NASDAQ_TCK_ANALYSTBLOG_292&cid=CS-NASDAQ-FT-analyst_blog|most_popular_stocks-2315553)[To read this article on Zacks.com click here.](https://www.zacks.com/stock/news/2315553/should-you-buy-gigacloud-gct-ahead-of-q2-earnings-report?cid=CS-NASDAQ-FT-analyst_blog|most_popular_stocks-2315553)[Zacks Investment Research](https://www.zacks.com/) | Should You Buy GigaCloud (GCT) Ahead of Q2 Earnings Report? | News | Zacks | Shuvra Shankar Dey | 0.0554 | 28.4784 | 28.691 | 29.8791 | 27.3332 | 27.3332 | 27.3332 | 27.3332 | 27.3186 | 27.2248 | 26.6 | 25.6152 | 25.5732 | 25.6089 | 25.3893 | 25.2778 | 25.2727 | 22.4582 | 19.5446 |
GBX | The Greenbrier Companies, Inc. | Industrials | Railroads | https://www.nasdaq.com/articles/3-stocks-watch-transport-equipment-leasing-industry | 2024-08-02 15:11:00 | Markets|WAB|R | The Zacks [Transportation - Equipment and Leasing](https://www.zacks.com/stocks/industry-rank/industry/transportation-equipment-and-leasing-188) industry currently stands to benefit from the solid investor-friendly steps. Notably, consistent shareholder-friendly initiatives in the form of dividend payouts or share buybacks imply solid financial strength of companies in the Equipment and Leasing industry. Such moves boost investors’ confidence and positively impact the bottom line.On the flip side, the industry continues to grapple withchallenges, ranging from raging inflation, higher interest rates, supply-chain disruptions and high operating costs. These headwinds are likely to hurt the demand for containers. Nonetheless, we believe that betting on three industry players, namely Westinghouse Air Brake Technologies Corporation, operating as **Wabtec Corporation (**WAB**)**, **The Greenbrier Companies, Inc. (**GBX**)**and** Ryder System (**R**)**,****is a prudent move as they are better positioned to brave multiple industry challenges. **Industry Overview** The Zacks Transportation - Equipment and Leasing industry includes companies offering equipment financing as well as leasing and supply-chain management services. The industry includes aircraft, railcar and intermodal container lessors. Some of these companies even provide logistics and transportation solutions, such as vehicles, drivers, management and administrative services. Most industry participants offer fleet management solutions and serve customers, varying from small businesses to large international enterprises. Customers range from a wide variety of industries, the most significant being automotive, electronics, transportation, grocery, lumber and wood products, food service and home furnishing. A few of these companies provide locomotives and technology-based equipment, systems and services to freight rail and passenger transit industries. **3 Key Trends Influencing the Transportation - Equipment and Leasing Industry****Strong Financial Returns for Shareholders**: With the resumption of economic activities, many players, including some Transportation - Equipment and Leasing industry players, are reactivating shareholder-friendly measures in the form of dividend payouts and share buybacks, which underline their solid financial footing and confidence in the business. For example, in January 2024, GATX’s board of directors announced a [dividend](https://www.zacks.com/stock/research/GATX/dividend-history?icid=quote-stock_overview-quote_nav_tracking-zcom-left_subnav_quote_navbar-dividend_history) hike of almost 5.5%, thereby raising its quarterly cash dividend from 55 cents per share to 58 cents. Notably, 2024 marks the 106th consecutive year of GATX paying out dividends.Wabtec (on Feb 14, 2024) announced a 17.6% [dividend](https://www.zacks.com/stock/research/WAB/dividend-history?icid=quote-stock_overview-quote_nav_tracking-zcom-left_subnav_quote_navbar-dividend_history) increase, thereby raising its quarterly cash dividend from 17 cents per share to 20 cents. Additionally, WAB’s board announced a $1 billion share buyback authorization. On Jul 12, Ryder’s board of directors approved a [dividend](https://www.zacks.com/stock/research/R/dividend-history?icid=quote-detailed_estimates-quote_nav_tracking-zcom-left_subnav_quote_navbar-dividend_history) hike of 14.1%, thereby raising its quarterly cash dividend to 81 cents per share ($3.24 annualized) from 71 cents ($2.84 annualized). The raised dividend will be paid on Sep 20, 2024, to shareholders of record at the close of business on Aug 19. This marks Ryder’s 192nd consecutive quarterly cash dividend. **Economic Uncertainty Remains**: Although signs of easing inflation imply some sort of relief to the U.S. stock market, the fact remains that we are far from being out of the woods. Inflation is still above the Federal Reserve’s 2% target. We note that the industry has been experiencing significant levels of inflation, including higher prices for labor and freight. Rising inflation can make markets more volatile in the coming days. Rising economic uncertainty does not bode well for railroad stocks. **Supply-Chain Disruptions & High Costs**: Although economic activities picked up from the pandemic gloom, supply-chain disruptions continue to dent stocks in the industry. Increased operating costs are also limiting bottom-line growth. Costs will likely continue to be steep due to supply-chain troubles. **Zacks Industry Rank Indicates Encouraging Prospects** The Zacks Transportation - Equipment and Leasing industry, housed within the broader Zacks [Transportation](https://www.zacks.com/stocks/industry-rank/sector/transportation-15) sector, currently carries a Zacks Industry Rank #101. This rank places it in the top 40% of more than 250 Zacks industries.The group’s [Zacks Industry Rank](https://www.zacks.com/zrank/zacks-industry-rank.php), which is basically the average of the Zacks Rank of all the member stocks, indicates dull near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1. The buy-side analysts covering the companies in this industry have been increasing their estimates. Over the past year, the industry’s consensus earnings estimate for the current year has increased 10.3%.Before we present a few stocks that investors can buy or retain, given their growth prospects, let’s take a look at the industry’s recent stock market performance and current valuation. **Industry Outperforms S&P 500 & Sector** The Zacks Transportation - Equipment and Leasing industry has outperformed the Zacks S&P 500 Composite index as well as the broader sector over the past year.Over this period, the industry has gained 27.3% compared with the S&P 500 Index’s northward movement of 21.5% and the broader sector’s decline of 1.7%. **One-Year Price Performance** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/pp(30).jpg)**Industry's Current Valuation** On the basis of the forward 12-month price-to-earnings (P/E- F12M), a commonly used multiple for valuing equipment and leasing stocks, the industry is currently trading at 12.78X, compared with the S&P 500’s 21.19X. It is also below the sector’s P/E (F12) ratio of 16.22X. Over the past five years, the industry has traded as high as 17.59X, as low as 9.36X and at the median of 13.67X, as the chart below shows. **P/E Ratio (Forward 12-Month)** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/sp(60).jpg)[Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/sec(45).jpg)**3 Transport Equipment Leasing Stocks to Watch Now** We are presenting two Zacks Rank #2 (Buy) stocks and one Zacks Rank #3 (Hold) that are well-positioned to grow in the near term. You can see [the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.](https://www.zacks.com/stocks/buy-list/?ADID=zp_1link&ICID=zpi%20_1link)**Wabtec**: This Pittsburgh, PA-based company offers technology-based locomotives, equipment, systems, and services for the freight rail and passenger transit industries worldwide.While the Freight segment benefits from growth in services and components, the transit segment gains from strong aftermarket and original equipment manufacturing sales. WAB is expected to continue its strong performance due to strong underlying demand and a robust backlog. Driven by this encouraging backdrop, management raised its current-year earnings per share (EPS) guidance. Adjusted EPS is now estimated to be between $7.20 and $7.50 (prior view: $7.00 and $7.40). Wabtec continues to expect sales between $10.25 billion and $10.55 billion.WAB has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in three of the trailing four quarters (missed the mark in the remaining quarter), delivering an average surprise of 11.83%. WAB is a Zacks Rank #2 stock. The Zacks Consensus Estimate for WAB’s 2024 earnings has been revised 3.3% upward over the past 90 days. WAB has an expected earnings growth rate of 25.34% for 2024. **Price and Consensus: WAB** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/wab(25).jpg)**Greenbrier:**Headquartered in Lake Oswego, OR, Greenbrier designs, manufactures, and markets railroad freight car equipment in North America, Europe, and South America. GBX is a Zacks Rank #2 stock.Greenbrier has a solid earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in two of the trailing four quarters (missed the mark in the remaining two quarters), delivering an average surprise of 15%. The Zacks Consensus Estimate for GBX’s full-year 2024 earnings has moved up 2.8% in the past 90 days. GBX’s expected earnings growth rate for 2024 is 46.46%. **Price and Consensus: GBX** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/gbx.jpg)**R**: Headquartered in Miami, FL, Ryder operates as a logistics and transportation company worldwide. Ryder’s consistent efforts to reward its shareholders through dividends and buybacks are appreciative. Notably, Ryder has been making uninterrupted dividend payments for more than 48 years.R is a Zacks Rank #3 stock.Ryder has an impressive earnings surprise history. The company's earnings outpaced the Zacks Consensus Estimate in each of the trailing four quarters, delivering an average surprise of 12.37%. The Zacks Consensus Estimate for R’s 2024 earnings has been revised 1% upward over the past 90 days. **Price and Consensus: R** [Image](https://staticx-tuner.zacks.com/images/zadmin_tuner_image/r(23).jpg)**Research Chief 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. This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months. [Free: See Our Top Stock And 4 Runners Up](https://www.zacks.com/registration/ultimatetrader/welcome/eoffer/4e87?add=1590&adid=SYND_NASDAQ_ZU_1S2DREPORTGLOBAL_INDUSTRYOUTLOOK_08022024&cid=CS-NASDAQ-FT-industry_outlook-2315544)[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](https://www.zacks.com/registration/pfp/?ALERT=RPT_7BEST_NASDAQSYND&ADID=SYND_NASDAQ_7BEST_INDUSTRYOUTLOOK&cid=CS-NASDAQ-FT-industry_outlook-2315544)[Westinghouse Air Brake Technologies Corporation (WAB) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=WAB&ADID=SYND_NASDAQ_TCK_INDUSTRYOUTLOOK&cid=CS-NASDAQ-FT-industry_outlook-2315544) [Ryder System, Inc. (R) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=ZER_CONF&t=R&ADID=SYND_NASDAQ_TCK_INDUSTRYOUTLOOK&cid=CS-NASDAQ-FT-industry_outlook-2315544)[Greenbrier Companies, Inc. (The) (GBX) : Free Stock Analysis Report](https://www.zacks.com/registration/pfp?ALERT=NASDAQ_ZER_A388&d_alert=rd_final_rank&t=GBX&ADID=SYND_NASDAQ_TCK_INDUSTRYOUTLOOK&cid=CS-NASDAQ-FT-industry_outlook-2315544) [To read this article on Zacks.com click here.](https://www.zacks.com/commentary/2315544/3-stocks-to-watch-from-the-transport-equipment-leasing-industry?cid=CS-NASDAQ-FT-industry_outlook-2315544)[Zacks Investment Research](https://www.zacks.com/) | 3 Stocks to Watch From the Transport Equipment & Leasing Industry | News | Zacks | Zacks Equity Research | 0.0554 | 50.4076 | 51.9054 | 51.0101 | 48.1336 | 48.1271 | 48.132 | 48.1281 | 48.1289 | 48.1299 | 48.1299 | 46.3298 | 46.069 | 46.1542 | 45.7535 | 45.3302 | 45.224 | 46.29 | 48.45 |
OCGN | Ocugen, Inc. | Health Care | Biotechnology: Biological Products (No Diagnostic Substances) | https://www.nasdaq.com/press-release/ocugen-inc-announces-closing-35-million-public-offering-common-stock-2024-08-02 | 2024-08-02 15:25:00 | Unknown | MALVERN, Pa., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Ocugen, Inc. (Nasdaq: OCGN), a biotechnology company focused on discovering, developing, and commercializing novel gene and cell therapies and vaccines, today announced the closing of its previously announced underwritten public offering of 30,434,783 shares of its common stock. Each share of common stock was sold at a price to the public of $1.15 per share. The gross proceeds to the Company from the offering were approximately $35 million, before deducting underwriting discounts and commissions and estimated offering expenses payable by the Company. The Company intends to use the net proceeds from this offering for general corporate purposes, capital expenditures, working capital, and general and administrative expenses. The offering was led by a premier mutual fund, along with participation from leading life sciences investors. Titan Partners Group, a division of American Capital Partners, acted as sole book-running manager for the offering. The offering is being made by Ocugen pursuant to a shelf registration statement on Form S-3 (File No. 333-278774) previously filed with the Securities and Exchange Commission (the “SEC”) on April 18, 2024, which became effective on May 1, 2024. A final prospectus supplement and the accompanying base prospectus relating to and describing the terms of the offering were filed with the SEC. Electronic copies of the final prospectus supplement and the accompanying base prospectus relating to the offering, may be obtained by visiting the SEC’s website at [www.sec.gov](http://www.sec.gov/) or by contacting Titan Partners Group, LLC, a division of American Capital Partners, LLC, 4 World Trade Center, 29th Floor, New York, New York 10007, by phone at (929) 833-1246 or by email at [[email protected]](mailto:[email protected]). This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of, these securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction. **About** **Ocugen,** **Inc.** Ocugen, Inc. is a biotechnology company focused on discovering, developing, and commercializing novel gene and cell therapies and vaccines that improve health and offer hope for patients across the globe. We are making an impact on patient’s lives through courageous innovation—forging new scientific paths that harness our unique intellectual and human capital. Our breakthrough modifier gene therapy platform has the potential to treat multiple retinal diseases with a single product, and we are advancing research in infectious diseases to support public health and orthopedic diseases to address unmet medical needs. **Cautionary** **Statement** **Regarding** **Forward** **Looking** **Statements** This press release contains forward-looking statements within the meaning of The Private Securities Litigation Reform Act of 1995, which are subject to risks and uncertainties. Such forward-looking statements within this press release include, without limitation, statements regarding Ocugen’s expectations regarding the anticipated use of proceeds. We may, in some cases, use terms such as “predicts,” “believes,” “potential,” “proposed,” “continue,” “estimates,” “anticipates,” “expects,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Such statements are subject to numerous important factors, risks and uncertainties that may cause actual events or results to differ materially from our current expectations, such as market and other conditions. These and other risks and uncertainties are more fully described in our periodic filings with the SEC, including the risk factors described in the section entitled “Risk Factors” in the quarterly and annual reports that we file with the SEC. Any forward-looking statements that we make in this press release speak only as of the date of this press release. Except as required by applicable law, we assume no obligation to update forward-looking statements contained in this press release whether as a result of new information, future events or otherwise, after the date of this press release. \begin{table}{|c|c|} \hline Ocugen Contact: & Titan Partners Contact: \\ \hline & \\ \hline Tiffany Hamilton & (929) 833-1246 \\ \hline Head of Communications & [email protected] \\ \hline [email protected] & \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=OTE5ODQ3NSM2NDA2MjI5IzIxODQ1MTk=) [Image](https://ml.globenewswire.com/media/NmEyZjQ1MzAtZDRhZi00ZmIwLWExNDctYmY1YTE3ZjI4ZTI2LTExOTYwNzM=/tiny/Ocugen.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/18d074ba-efcd-41fd-94bc-e3bf2cc4069d) Source: Ocugen | Ocugen, Inc. Announces Closing of $35 Million Public Offering of Common Stock | Press Release | Symbol Press Release | Symbol | 0.0554 | 1.63028 | 1.48349 | 1.27908 | 1.27552 | 1.27552 | 1.27552 | 1.26233 | 1.26342 | 1.28466 | 1.2831 | 1.22284 | 1.21156 | 1.26825 | 1.25792 | 1.23324 | 1.3036 | 1.26305 | 1.29899 |
TIXT | TELUS International (Cda) Inc. | Technology | EDP Services | https://www.nasdaq.com/articles/sector-update-tech-stocks-fall-late-afternoon-3 | 2024-08-02 15:59:00 | Markets|INTC|AMZN|AAPL | Tech stocks were sharply lower late Friday afternoon, with the Technology Select Sector SPDR Fund (XLK) falling 2.9% and the SPDR S&P Semiconductor ETF (XSD) dropping 5.9%. The Philadelphia Semiconductor index fell 5.5%. In corporate news, Telus International ([TIXT](https://www.nasdaq.com/market-activity/stocks/TIXT))) shares plunged nearly 36% as it reported on Friday lower-than-expected adjusted earnings and a surprise drop in sales. It also lowered its full-year outlook. Intel ([INTC](https://www.nasdaq.com/market-activity/stocks/INTC))) shares plunged almost 27% after it reported late Thursday a drop in Q2 earnings and sales. It also plans to suspend dividends starting in Q4 while implementing a $10 billion cost-cutting program. Amazon.com ([AMZN](https://www.nasdaq.com/market-activity/stocks/AMZN))) shares dropped 9.3% after the quarterly sales it reported the day before trailed analysts' estimates and several brokerages cut their price targets on the company. Apple ([AAPL](https://www.nasdaq.com/market-activity/stocks/AAPL))) reported better-than-expected fiscal Q3 results, as gains in iPad and Mac sales more than offset a decline in its flagship iPhone product. Its shares rose 0.7%. | Sector Update: Tech Stocks Fall Late Afternoon | News | MTNewswires | MT Newswires | 0.0554 | 6.41831 | 6.66018 | 6.73389 | 6.06956 | 6.07293 | 6.0741 | 6.07533 | 6.07201 | 5.02967 | 4.55669 | 4.46375 | 4.16 | 4.30059 | 4.21672 | 4.20308 | 3.36293 | 3.46369 | 3.66023 |
FATE | Fate Therapeutics, Inc. | Health Care | Biotechnology: Biological Products (No Diagnostic Substances) | https://www.nasdaq.com/press-release/fate-therapeutics-reports-new-employee-inducement-awards-under-nasdaq-listing-rule-2 | 2024-08-02 16:05:00 | Unknown | SAN DIEGO, Aug. 02, 2024 (GLOBE NEWSWIRE) -- Fate Therapeutics, Inc. (NASDAQ: FATE), a clinical-stage biopharmaceutical company dedicated to bringing a first-in-class pipeline of induced pluripotent stem cell (iPSC)-derived cellular immunotherapies to patients with cancer and autoimmune diseases, today announced that on August 1, 2024 the Company granted restricted stock units (RSUs) representing 34,200 shares of its common stock to four newly-hired non-executive employees. The grants were approved by the Compensation Committee of the Company’s Board of Directors and granted under the Company’s Amended and Restated Inducement Equity Plan as an inducement material to the new employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4). The RSUs will vest over four years, with 25% of the shares underlying each RSU award vesting on each anniversary of the grant date, subject to the employee being continuously employed by the Company through each vesting date. **About Fate Therapeutics’ iPSC Product Platform** The Company’s proprietary induced pluripotent stem cell (iPSC) product platform enables mass production of off-the-shelf, multiplexed-engineered cell products that are selectively designed, incorporate novel synthetic controls of cell function, and are intended to deliver multiple mechanisms of therapeutic importance to patients. Human iPSCs possess the unique dual properties of unlimited self-renewal and differentiation potential into all cell types of the body. The Company’s platform combines multiplexed engineering and single-cell selection of human iPSCs to create clonal master iPSC lines. Analogous to master cell lines used to mass produce biopharmaceutical drug products such as monoclonal antibodies, the Company utilizes its clonal master iPSC lines as a renewable cell source to manufacture multiplexed-engineered cell products which are well-defined and uniform in composition, can be stored in inventory for off-the-shelf availability, can be combined and administered with other therapies, and can potentially reach a broad patient population. As a result, the Company’s platform is uniquely designed to overcome numerous limitations associated with the manufacture of cell therapies using patient- or donor-sourced cells. Fate Therapeutics’ iPSC product platform is supported by an intellectual property portfolio of over 400 issued patents and 450 pending patent applications. **About Fate Therapeutics, Inc. **Fate Therapeutics is a clinical-stage biopharmaceutical company dedicated to bringing a first-in-class pipeline of induced pluripotent stem cell (iPSC)-derived cellular immunotherapies to patients with cancer and autoimmune diseases. Using its proprietary iPSC product platform, the Company has established a leadership position in creating multiplexed-engineered iPSC lines and in the manufacture and clinical development of off-the-shelf, iPSC-derived cell products. The Company’s pipeline includes iPSC-derived natural killer (NK) cell and T-cell product candidates, which are selectively designed, incorporate novel synthetic controls of cell function, and are intended to deliver multiple therapeutic mechanisms to patients. Fate Therapeutics is headquartered in San Diego, CA. For more information, please visit [www.fatetherapeutics.com](https://www.globenewswire.com/Tracker?data=DSzlHYp28H3C9SLRXu4gO6Qkf_95ODzImyGCKpxJBSV921ex23qAFl7hZ8M7rl1Yf4LUEpu7QB23dxYVB4PSWG7ijghVlXS2xx-SkBxBPG8=). **Contact:**Christina TartagliaPrecision AQ212.362.1200 [[email protected]](mailto:[email protected]) [Image](https://www.globenewswire.com/newsroom/ti?nf=OTE5ODQzMyM2NDA2MjM1IzIwMDQyMDE=) [Image](https://ml.globenewswire.com/media/ZWJmNWVjZjMtOTgzNi00MTJkLWI0MWYtZWFmNDQxYTlhOTE4LTEwMTU3NzQ=/tiny/Fate-Therapeutics-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/2acb7cd9-5f5c-42d0-a606-72d085e2fe6e) Source: Fate Therapeutics, Inc. | Fate Therapeutics Reports New Employee Inducement Awards Under Nasdaq Listing Rule 5635(c)(4) | Press Release | Symbol Press Release | Symbol | 0.0554 | 5.59019 | 5.2123 | 5.28468 | 4.72626 | 4.72638 | 4.72638 | 4.72626 | 4.72626 | 4.73117 | 4.45304 | 4.52086 | 4.60608 | 4.60388 | 4.22632 | 4.20191 | 4.1817 | 3.43471 | 3.78947 |
ARQT | Arcutis Biotherapeutics, Inc. | Health Care | Biotechnology: Pharmaceutical Preparations | https://www.nasdaq.com/press-release/arcutis-biotherapeutics-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-25 | 2024-08-02 16:05:00 | Unknown | WESTLAKE VILLAGE, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- [Arcutis Biotherapeutics, Inc.](https://www.globenewswire.com/Tracker?data=biswqTVPj4i19qzkOp5Pqj-9wiq9N2IM04vpcNIcxaiAkXk7dujjXNwevAqfYectLN0YhRBirJcuvx7vOk27Nfg6KD66ctmPfbdzvSTOWRc=) (Nasdaq: ARQT), a commercial-stage biopharmaceutical company focused on developing meaningful innovations in immuno-dermatology, today reported the grant of an aggregate of 38,000 restricted stock units of Arcutis’ common stock to four newly hired employees. These awards were approved by the Compensation Committee of Arcutis’ Board of Directors and granted under the Arcutis Biotherapeutics, Inc. 2022 Inducement Plan, with a grant date of August 1, 2024, as an inducement material to the new employees entering into employment with Arcutis, in accordance with Nasdaq Listing Rule 5635(c)(4). The restricted stock units vest over four years, with 25 percent vesting on each annual anniversary of the vesting commencement date, subject to the employee being continuously employed by Arcutis as of such vesting dates. Arcutis is providing this information in accordance with Nasdaq Listing Rule 5635(c)(4). **About Arcutis** Arcutis Biotherapeutics, Inc. (Nasdaq: ARQT) is a commercial-stage medical dermatology company that champions meaningful innovation to address the urgent needs of individuals living with immune-mediated dermatological diseases and conditions. With a commitment to solving the most persistent patient challenges in dermatology, Arcutis has a growing portfolio including three FDA approved products that harness our unique dermatology development platform coupled with our dermatology expertise to build differentiated therapies against biologically validated targets. Arcutis’ dermatology development platform includes a robust pipeline with multiple clinical programs for a range of inflammatory dermatological conditions including scalp and body psoriasis, atopic dermatitis, and alopecia areata. For more information, visit [www.arcutis.com](https://www.globenewswire.com/Tracker?data=DUyd3mww2wdhDUvF1tP24dRSga5Dszl_VBMEWa01BWd0vrsIUMImxfQcFrvS5KZdRSIEQ3_gAnIBTuXara6_aw==) or follow Arcutis on [LinkedIn](https://www.globenewswire.com/Tracker?data=409BrTfATNqUVZkWvaFFISv_46-0mckWSuvNSUWQTZEjijP6kGfclExlknUb9PTScNOsWaHXcbt681H7VrEpVc3LOD4ZAaoUQE5PE12wCwshkLhyU6ZJ3LtG_e7B9FJV), [Facebook](https://www.globenewswire.com/Tracker?data=wF8TRTGesV9d6Bzfg7GHMWMyEa-q9JLKx3vQlPEDKyBw9kdNzQB01l75lmlyJW8P1AIQHyYfGrtvcOt7rT8dH1TXwyIJXuyaMcg2_t1iJ4i7N1MxfRHajCpqoQhTXAob), [Instagram](https://www.globenewswire.com/Tracker?data=Mnx5Lw9N63Xz6r3R7vlfT_AG9HaarPvP44D-Y6_c4H7c79WEUUfknbTBKZSObkf9-wgbccXHpl4aHPDHCv6Wp1rCur7-Ak-LsZwgnaJNKsY=), and [X](https://www.globenewswire.com/Tracker?data=2Z3sY1jGoNg_nOLgt8CnWsBFGslNca2y0XlkRJxJ6e1N-ATYaBHuLJVvxYseKIkGrXug6IMg2ui8LY7WtK2l_A==). **Forward-Looking Statements** Arcutis cautions you that statements contained in this press release regarding matters that are not historical facts are forward-looking statements. These statements are based on the Company’s current beliefs and expectations. These statements involve substantial known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from the information expressed or implied by these forward-looking statements and you should not place undue reliance on our forward-looking statements. Risks and uncertainties that may cause our actual results to differ include risks inherent in the clinical development process and regulatory approval process, the timing of regulatory filings, the timing and expenses of commercialization efforts, and our ability to defend our intellectual property. For a further description of the risks and uncertainties applicable to our business, see the “Risk Factors” section of our Form 10-K filed with U.S. Securities and Exchange Commission (SEC) on February 27, 2024, as well as any subsequent filings with the SEC. You should not place undue reliance on any forward-looking statements in this press release. We undertake no obligation to revise or update information herein to reflect events or circumstances in the future, even if new information becomes available. All forward-looking statements are qualified in their entirety by this cautionary statement, which is made under the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. **Contacts:****Media** Amanda Sheldon, Head of Corporate Communications [[email protected]](https://www.globenewswire.com/Tracker?data=CDQY3bUaYUdaO2qIjpQbnVhlYzU-HjIgRQd_El-wOoMGLcbUhpT47LAEAEmD_WM8ugA3ecsLhVDxYoyOa2uBxgafkdtju1u9HakixsTsGpc=) **Investors** Latha Vairavan, Vice President, Finance and Investor Relations [[email protected]](https://www.globenewswire.com/Tracker?data=06_oq1jXXO52NaOrj7thz0KQ5Z0_4aqjJtH8AkNWA5lp81L7U2Vii2g3fquKNlm4NUzJVRcJNXkH8e5VUY6oiA==) [Image](https://www.globenewswire.com/newsroom/ti?nf=OTE5ODAzMiM2NDA1MTA5IzIxOTQwNTA=) [Image](https://ml.globenewswire.com/media/MjkxZWY1ZTgtZTcwZi00YWVhLTk1OTItNTQyZGUxOWEzZDk1LTEyMDU2MDM=/tiny/Arcutis-Biotherapeutics-Inc-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/1b166f47-afb1-44f1-91be-2d73e97c0ec3) Source: Arcutis Biotherapeutics, Inc. | Arcutis Biotherapeutics Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) | Press Release | Symbol Press Release | Symbol | 0.0554 | 10.0651 | 9.69174 | 10.1551 | 9.4752 | 9.4752 | 9.4752 | 9.4752 | 9.45099 | 9.32844 | 9.15179 | 8.95623 | 9.26656 | 9.13604 | 8.60999 | 8.44525 | 9.08051 | 8.5243 | 10.915 |
NAMS | NewAmsterdam Pharma Company N.V. | Health Care | Biotechnology: Pharmaceutical Preparations | https://www.nasdaq.com/press-release/newamsterdam-pharma-reports-inducement-grants-under-nasdaq-listing-rule-5635c4-2024-2 | 2024-08-02 16:05:00 | Unknown | NAARDEN, The Netherlands and MIAMI, Aug. 02, 2024 (GLOBE NEWSWIRE) -- NewAmsterdam Pharma Company N.V. (Nasdaq: NAMS or “NewAmsterdam” or the “Company”), a late-stage, clinical biopharmaceutical company developing oral, non-statin medicines for patients at risk of cardiovascular disease (“CVD”) with elevated low-density lipoprotein cholesterol (“LDL-C”), for whom existing therapies are not sufficiently effective or well-tolerated, today announced that the Compensation Committee of NewAmsterdam’s Board of Directors approved the grant of inducement share options covering an aggregate of 59,200 of NewAmsterdam’s ordinary shares to one non-executive new hire. The share options were granted as an inducement material to the employee’s acceptance of employment with NewAmsterdam pursuant to the NewAmsterdam Pharma Company N.V. 2024 Inducement Plan (the “2024 Inducement Plan”) and in accordance with Nasdaq Listing Rule 5635(c)(4). The share options have an exercise price per share equal to $17.25 which represents the closing market price on the Nasdaq Stock Market of the Company’s ordinary shares on, August 1, 2024, the grant date. The shares subject to the options will vest over four years, with 25% of the shares vesting on the one-year anniversary of the applicable vesting commencement date and the balance of the shares vesting in a series of 36 equal monthly installments thereafter, subject to the employee’s continued service with NewAmsterdam on such vesting dates. The options are subject to the terms and conditions of the 2024 Inducement Plan and the terms and conditions of an option award agreement covering the grant. **About NewAmsterdam** NewAmsterdam Pharma (Nasdaq: NAMS) is a late-stage biopharmaceutical company whose mission is to improve patient care in populations with metabolic diseases where currently approved therapies have not been adequate or well tolerated. We seek to fill a significant unmet need for a safe, well-tolerated and convenient LDL-lowering therapy. In multiple phase 3 studies, NewAmsterdam is investigating obicetrapib, an oral, low-dose and once-daily CETP inhibitor, alone or as a fixed-dose combination with ezetimibe, as LDL-C lowering therapies to be used as an adjunct to statin therapy for patients at risk of CVD with elevated LDL-C, for whom existing therapies are not sufficiently effective or well tolerated. **Company Contact** Matthew PhilippeP: 1-917-882-7512 [[email protected]](https://www.globenewswire.com/Tracker?data=nmYpEVE86bL0rijR1ko8YyqvoQzZezc-Pbw3GB8x74jvZgdXzpz8kCh_tV7RYyh5JdQDfaM53iTg_1vW_qaLkh6u3RM1nIYT4yaCbNI3aoSMN9sG91MaewsZGj5cjVliLPlugApU2abLSSONDUD_pA==) [Image](https://www.globenewswire.com/newsroom/ti?nf=OTE5ODAwMiM2NDA1MDMyIzIyNTAzNDE=) [Image](https://ml.globenewswire.com/media/ZjU2ZGU0MDYtMTcyNi00ZjZjLWI5N2QtNzYyZTg0MWYzMzlkLTEyNjE4OTQ=/tiny/NewAmsterdam-Pharma-N-V-.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/f7b8b881-9461-4712-9965-707ed3bdd573) Source: NewAmsterdam Pharma N.V. | NewAmsterdam Pharma Reports Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) | Press Release | Symbol Press Release | Symbol | 0.0554 | 21.2845 | 14.7158 | 17.1145 | 17.401 | 17.401 | 17.401 | 17.401 | 17.401 | 17.401 | 16.8179 | 17.3716 | 17.02 | 16.9809 | 16.4348 | 16.4104 | 16.2537 | 7.85 | 6.82972 |
LBPH | Longboard Pharmaceuticals, Inc. | Health Care | Biotechnology: Pharmaceutical Preparations | https://www.nasdaq.com/press-release/longboard-pharmaceuticals-announces-inducement-grants-under-nasdaq-listing-rule-5 | 2024-08-02 16:06:00 | Unknown | LA JOLLA, Calif.--(BUSINESS WIRE)-- [Longboard Pharmaceuticals, Inc.](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.longboardpharma.com%2F&esheet=54103757&newsitemid=20240802655353&lan=en-US&anchor=Longboard+Pharmaceuticals%2C+Inc.&index=1&md5=7adb7e4eb85605502ccd9fb0a1ab86c9) (Nasdaq: LBPH), a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases, today announced the grant of inducement awards to two new employees. The Compensation Committee of the Board of Directors of Longboard approved the grants of non-qualified stock options to purchase an aggregate of 29,000 shares of its common stock (the “Common Stock”) as inducements material to the employees entering into employment with the Company in accordance with Nasdaq Listing Rule 5635(c)(4).The stock options were granted on July 31, 2024 (the “Grant Date”) and have an exercise price of $33.24 per share, which is equal to the closing price of the Common Stock on the Grant Date. The stock options will vest and become exercisable as to 25% of the underlying shares of Common Stock on the one-year anniversary of the applicable employee’s start date of employment and will vest and become exercisable as to the remaining 75% of the underlying shares of Common Stock in 36 equal monthly installments thereafter on each monthly anniversary, subject to the applicable employee’s continued employment with Longboard on each such vesting date. The stock options were granted as an inducement material to the employees entering into employment with Longboard in accordance with Nasdaq Listing Rule 5635(c)(4) and are subject to the terms and conditions of the applicable award agreements covering such grants. **ABOUT LONGBOARD PHARMACEUTICALS** [Longboard Pharmaceuticals, Inc.](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.longboardpharma.com%2F&esheet=54103757&newsitemid=20240802655353&lan=en-US&anchor=Longboard+Pharmaceuticals%2C+Inc.&index=2&md5=3c812dccf5aad67b96b1ec9534f73326) is a clinical-stage biopharmaceutical company focused on developing novel, transformative medicines for neurological diseases. Longboard is working to advance a portfolio of centrally acting [product candidates](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.longboardpharma.com%2Four-approach%2F%23pipeline&esheet=54103757&newsitemid=20240802655353&lan=en-US&anchor=product+candidates&index=3&md5=cc6402c21ea6eda9d5129fc8b96af795) designed to be highly selective for specific G protein-coupled receptors (GPCRs). Longboard’s small molecule product candidates are based on more than 20 years of GPCR research. Longboard plans to advance bexicaserin (LP352), an oral, centrally acting 5-hydroxytryptamine 2C (5-HT2C) receptor superagonist, with no observed impact on 5-HT2B and 5-HT2A receptor subtypes, into a global Phase 3 program. The FDA has granted Breakthrough Therapy designation for bexicaserin for the treatment of seizures associated with Developmental and Epileptic Encephalopathies (DEEs) for patients two years of age and older. Earlier this year, Longboard reported positive topline data from a Phase 1b/2a clinical trial (the PACIFIC Study) evaluating bexicaserin in participants with DEEs. Longboard is also evaluating LP659, an oral, centrally acting, sphingosine-1-phosphate (S1P) receptor subtypes 1 and 5 modulator, which is in development for the potential treatment of rare neuroinflammatory conditions. Longboard recently completed a Phase 1 single-ascending dose (SAD) clinical trial for LP659 in healthy volunteers.Bexicaserin and LP659 are investigational compounds that are not approved for marketing by the U.S. Food and Drug Administration (FDA) or any other regulatory authority. **FORWARD-LOOKING STATEMENTS** Certain statements in this press release are forward-looking statements that involve a number of risks and uncertainties. In some cases, you can identify forward-looking statements by words such as “focus”, “will”, “working to”, “designed to”, “plans”, “potential” or the negative, plural or other tenses of these words, references to future dates or time periods, or other comparable language, and they may include, without limitation, statements about stock options, Longboard’s clinical and preclinical product candidates and programs, and Longboard’s focus and work. For such statements, Longboard claims the protection of the Private Securities Litigation Reform Act of 1995. Actual events or results may differ materially from Longboard’s expectations. Factors that could cause actual results to differ materially from those stated or implied by Longboard’s forward-looking statements are disclosed in Longboard’s filings with the Securities and Exchange Commission (SEC). These forward-looking statements represent Longboard’s judgment as of the time of this release. Longboard disclaims any intent or obligation to update these forward-looking statements, other than as may be required under applicable law.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20240802655353r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20240802655353/en/](https://www.businesswire.com/news/home/20240802655353/en/) **CORPORATE CONTACT:**Megan E. Knight VP, Head of Investor Relations [[email protected] ](mailto:[email protected])858.789.9283 Source: Longboard Pharmaceuticals, Inc. | Longboard Pharmaceuticals Announces Inducement Grants Under Nasdaq Listing Rule 5635(C)(4) | Press Release | Symbol Press Release | Symbol | 0.0554 | 37.8643 | 34.0755 | 33.6866 | 33.8825 | 33.9197 | 33.898 | 33.8527 | 33.9212 | 33.9212 | 30.8052 | 32.2222 | 32.8356 | 32.8284 | 31.388 | 31.2546 | 34.8108 | 34.7054 | 35.7676 |
PFLT | PennantPark Floating Rate Capital Ltd. | Finance | Finance: Consumer Services | https://www.nasdaq.com/press-release/pennantpark-floating-rate-capital-ltd-announces-monthly-distribution-01025-share-1 | 2024-08-02 16:08:00 | Unknown | MIAMI, Aug. 02, 2024 (GLOBE NEWSWIRE) -- PennantPark Floating Rate Capital Ltd. (the "Company") (NYSE: PFLT) declares its monthly distribution for August 2024 of $0.1025 per share, payable on September 3, 2024 to stockholders of record as of August 16, 2024. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission. The Company, which operates as a regulated investment company (“RIC”), generates qualified interest income and short-term capital gains that may be exempt from U.S. withholding tax when distributed to non-U.S. stockholders. The U.S. tax law permits a RIC to report the portion of distributions paid that represents interest-related dividends as exempt from U.S. withholding tax when paid to non-U.S. stockholders with proper documentation. The specific tax characteristics of this distribution can be found on our website [www.pennantpark.com](https://www.globenewswire.com/Tracker?data=hyC_fpJeNQ1OqrABG_Hy7IyWONB8PO9SqgAcWaRFxNtKJ-DqXryVtZZwjF00qbIjjpHG85ByTQ4yJXHx7g9sZ5wq7vYLouGX3GVnTnPorI8=). ABOUT PENNANTPARK FLOATING RATE CAPITAL LTD. PennantPark Floating Rate Capital Ltd. is a business development company which primarily invests in U.S. middle-market private companies in the form of floating rate senior secured loans, including first lien secured debt, second lien secured debt and subordinated debt. From time to time, the Company may also invest in equity investments. PennantPark Floating Rate Capital Ltd. is managed by PennantPark Investment Advisers, LLC. ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing $7.7 billion of investable capital, including potential leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam. FORWARD-LOOKING STATEMENTS This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Exchange Act the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Floating Rate Capital Ltd. files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Floating Rate Capital Ltd. undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made. The information contained herein is based on current tax laws, which may change in the future. The Company cannot be held responsible for any direct or incidental loss resulting from applying any of the information provided in this publication or from any other source mentioned. The information provided in this material does not constitute any specific legal, tax or accounting advice. Please consult with qualified professionals for this type of advice. CONTACT:Richard T. Allorto, Jr.PennantPark Floating Rate Capital Ltd.(212) 905-1000 [www.pennantpark.com](http://www.pennantpark.com/) [Image](https://www.globenewswire.com/newsroom/ti?nf=OTE5ODQyOSM2NDA2MTg4IzIwODQ3NjE=) [Image](https://ml.globenewswire.com/media/MDVhZDI4Y2MtOWZhZC00OWU0LTlkYjgtZjY2YWRmOGUwODkzLTEwOTYzMzI=/tiny/PennantPark-Floating-Rate-Capi.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/6fa3e428-a280-4181-8dd7-60d18f2ded15) Source: PennantPark Floating Rate Capital Ltd. | PennantPark Floating Rate Capital Ltd. Announces Monthly Distribution of $0.1025 per Share | Press Release | Symbol Press Release | Symbol | 0.0554 | 11.4017 | 11.2812 | 11.2402 | 11.2163 | 11.2186 | 11.2197 | 11.2166 | 11.2153 | 11.2122 | 11.0237 | 10.9539 | 10.9204 | 10.9582 | 10.8743 | 10.8644 | 10.6831 | 11.1334 | 11.2851 |
INFN | Infinera Corporation | Utilities | Telecommunications Equipment | https://www.nasdaq.com/press-release/infinera-corporation-reports-second-quarter-2024-financial-results-2024-08-02 | 2024-08-02 16:08:00 | Unknown | SAN JOSE, Calif., Aug. 02, 2024 (GLOBE NEWSWIRE) -- Infinera Corporation (NASDAQ: INFN) today released financial results for its second quarter ended June 29, 2024. GAAP revenue for the quarter was $342.7 million compared to $306.9 million in the first quarter of 2024 and $376.2 million in the second quarter of 2023. GAAP gross margin for the quarter was 39.6% compared to 36.0% in the first quarter of 2024 and 38.0% in the second quarter of 2023. GAAP operating margin for the quarter was (8.7)% compared to (14.0)% in the first quarter of 2024 and (3.8)% in the second quarter of 2023. GAAP net loss for the quarter was $(48.3) million, or $(0.21) per diluted share, compared to net loss of $(61.4) million, or $(0.27) per diluted share, in the first quarter of 2024, and net loss of $(20.3) million, or $(0.09) per diluted share, in the second quarter of 2023. Non-GAAP gross margin for the quarter was 40.3% compared to 36.6% in the first quarter of 2024 and 39.3% in the second quarter of 2023. Non-GAAP operating margin for the quarter was (1.3)% compared to (8.4)% in the first quarter of 2024 and 2.8% in the second quarter of 2023. Non-GAAP net loss for the quarter was $(14.0) million, or $(0.06) per diluted share, compared to non-GAAP net loss of $(38.3) million, or $(0.17) per diluted share, in the first quarter of 2024, and non-GAAP net loss of $(0.7) million, or $(0.00) per diluted share, in the second quarter of 2023. We ended the quarter with cash, cash equivalents and restricted cash at $115.7 million. A further explanation of the use of non-GAAP financial information and a reconciliation of each of the non-GAAP financial measures to the most directly comparable GAAP financial measure can be found at the end of this press release. Infinera CEO, David Heard said “I am pleased with our second quarter results with revenue, gross margin and operating margin all above the midpoint of our outlook range. While the timing and pace of customer demand recovery remain uncertain, we continued our design-win momentum across our optical networking product portfolio in the quarter, with bookings up both sequentially and on a year-over-year basis. We ended Q2 with a book-to-bill ratio above 1.” “We remain excited about our pending combination with Nokia. Customers see value in accelerating the pace of innovation to lower both the cost per bit and power per bit required to stay ahead of the capacity demands fueled by high-bandwidth usage applications including AI. Together, the combined business would have a broadened portfolio, greater scale and geographic reach, while leveraging vertically integrated optical semiconductor technologies developed here in the U.S.” **Pending Merger with Nokia** On June 27, 2024, Infinera, Nokia Corporation, a company incorporated under the laws of the Republic of Finland (“Nokia”) and Neptune of America Corporation, a Delaware corporation and wholly owned subsidiary of Nokia (“Merger Sub”) entered into an Agreement and Plan of Merger (as it may be amended, modified or waived from time to time, the “Merger Agreement”) that provides for Merger Sub to merge with and into Infinera (the “Merger”), with Infinera surviving the Merger as a wholly owned subsidiary of Nokia. The transaction is expected to close in the first half of 2025. In light of the proposed transaction with Nokia, and as is customary during the pendency of an acquisition, Infinera will not be providing financial guidance during the pendency of the acquisition. **Second****Quarter****2024****Investor Slides to be Made Available Online** Investor slides reviewing Infinera's second quarter of 2024 financial results will be furnished to the U.S. Securities and Exchange Commission (SEC) on a Current Report on Form 8-K and published on Infinera's Investor Relations website at [investors.infinera.com](http://investors.infinera.com/). Contacts: Media:Anna VueTel. +1 (916) 595-8157 [[email protected]](mailto:[email protected]) Investors:Amitabh Passi, Head of Investor RelationsTel. +1 (669) 295-1489 [[email protected]](mailto:[email protected]) **About Infinera** Infinera is a global supplier of innovative open optical networking solutions and advanced optical semiconductors that enable carriers, cloud operators, governments, and enterprises to scale network bandwidth, accelerate service innovation, and automate network operations. Infinera solutions deliver industry-leading economics and performance in long-haul, submarine, data center interconnect, and metro transport applications. To learn more about Infinera, visit [www.infinera.com](http://www.infinera.com/), follow us on X and LinkedIn, and subscribe for updates. Infinera and the Infinera logo are registered trademarks of Infinera Corporation. **Forward-Looking Statements** This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements generally relate to future events or Infinera's future financial or operating performance. In some cases, you can identify forward-looking statements because they contain words such as "anticipate," "believe," "could," "estimate," "expect," "intend," "may," "should," "will," and "would" or the negative of these words or similar terms or expressions that concern Infinera's expectations, strategy, priorities, plans or intentions. Forward-looking statements in this press release include, but are not limited to, statements regarding Infinera's future business plans, strategy and growth opportunities; statements about design wins; expectations regarding industry demand and key industry trends; expectations regarding Infinera’s future performance; and statements related to the Merger, including the timing of completion of the Merger and the future performance and benefits of the combined business. These forward-looking statements are based on estimates and information available to Infinera as of the date hereof and are not guarantees of actual or future performance; actual results could differ materially from those stated or implied due to risks and uncertainties. The risks and uncertainties that could cause Infinera’s results to differ materially from those expressed or implied by such forward-looking statements include statements related to the Merger, including whether the Merger may not be completed or completion may be delayed, and if the Merger Agreement is terminated, there may be a required payment of a significant termination fee by either party; the receipt of necessary approvals to complete the Merger; the possibility that due to the Merger, and uncertainty regarding the Merger, Infinera’s customers, suppliers or strategic partners may delay or defer entering into contracts or making other decisions concerning Infinera; the significance and timing of costs related to the Merger; the impact on us of litigation or other stockholder action related to the Merger; the effects on us and our stockholders if the Merger is not completed; demand growth for additional network capacity and the level and timing of customer capital spending and excess inventory held by customers beyond normalized levels; delays in the development, introduction or acceptance of new products or in releasing enhancements to existing products; aggressive business tactics by Infinera’s competitors and new entrants and Infinera's ability to compete in a highly competitive market; supply chain and logistics issues and their impact on our business, and Infinera's dependency on sole source, limited source or high-cost suppliers; dependence on a small number of key customers; product performance problems; the complexity of Infinera's manufacturing process; Infinera's ability to identify, attract, upskill and retain qualified personnel; challenges with our contract manufacturers and other third-party partners; the effects of customer and supplier consolidation; dependence on third-party service partners; Infinera’s ability to respond to rapid technological changes; failure to accurately forecast Infinera's manufacturing requirements or customer demand; the effects of public health emergencies; Infinera’s future capital needs and its ability to generate the cash flow or otherwise secure the capital necessary to meet such capital needs; the effect of global and regional economic conditions on Infinera’s business, including effects on purchasing decisions by customers; the adverse impact inflation and higher interest rates may have on Infinera by increasing costs beyond what it can recover through price increases; restrictions to our operations resulting from loan or other credit agreements; the impacts of any restructuring plans or other strategic efforts on our business; Infinera’s international sales and operations; the impacts of foreign currency fluctuations; the effective tax rate of Infinera, which may increase or fluctuate; potential dilution from the issuance of additional shares of common stock in connection with the conversion of Infinera's convertible senior notes; Infinera’s ability to protect its intellectual property; claims by others that Infinera infringes on their intellectual property rights; security incidents, such as data breaches or cyber-attacks; Infinera's ability to comply with various rules and regulations, including with respect to export control and trade compliance, environmental, social, governance, privacy and data protection matters; events that are outside of Infinera's control, such as natural disasters, acts of war or terrorism, or other catastrophic events that could harm Infinera's operations; Infinera’s ability to remediate its recently disclosed material weaknesses in internal control over financial reporting in a timely and effective manner, and other risks and uncertainties detailed in Infinera’s SEC filings from time to time; and statements of assumptions underlying any of the foregoing. More information on potential factors that may impact Infinera’s business are set forth in Infinera’s periodic reports filed with the SEC, including its Annual Report on Form 10-K for the year ended December 30, 2023, filed with the SEC on May 17, 2024, as well as subsequent reports filed with or furnished to the SEC from time to time. These SEC filings are available on Infinera’s website at [www.infinera.com](http://www.infinera.com/) and the SEC’s website at [www.sec.gov](http://www.sec.gov/). Infinera assumes no obligation to, and does not currently intend to, update any such forward-looking statements. **Use of Non-GAAP Financial Information** In addition to disclosing financial measures prepared in accordance with U.S. Generally Accepted Accounting Principles (GAAP), this press release and the accompanying tables contain certain non-GAAP financial measures that exclude in certain cases stock-based compensation expense, amortization of acquired intangible assets, restructuring and other related costs, warehouse fire recovery, merger-related charges, foreign exchange (gains) losses, net, and income tax effects. Infinera believes these adjustments are appropriate to enhance an overall understanding of its underlying financial performance and also its prospects for the future and are considered by management for the purpose of making operational decisions. In addition, the non-GAAP financial measures presented in this press release are the primary indicators management uses as a basis for its planning and forecasting of future periods. The presentation of this additional information is not meant to be considered in isolation or as a substitute for gross margin, operating expenses, operating margin, net income (loss) and net income (loss) per common share prepared in accordance with GAAP. Non-GAAP financial measures are not based on a comprehensive set of accounting rules or principles and are subject to limitations. For a description of these non-GAAP financial measures and a reconciliation to the most directly comparable GAAP financial measures, please see the table titled “GAAP to Non-GAAP Reconciliations” and related footnotes. **Infinera Corporation****Condensed Consolidated Statements of Operations****(In thousands, except per share data)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & Three months ended & & Six months ended \\ \hline & June 29, 2024 & & July 1, 2023 & & June 29, 2024 & & July 1, 2023 \\ \hline Revenue: & & & & & & & \\ \hline Product & $ & 266,470 & & & $ & 299,624 & & & $ & 501,794 & & & $ & 614,444 & \\ \hline Services & & 76,269 & & & & 76,604 & & & & 147,867 & & & & 153,859 & \\ \hline Total revenue & & 342,739 & & & & 376,228 & & & & 649,661 & & & & 768,303 & \\ \hline Cost of revenue: & & & & & & & \\ \hline Cost of product & & 167,290 & & & & 188,166 & & & & 323,555 & & & & 386,840 & \\ \hline Cost of services & & 39,152 & & & & 41,733 & & & & 79,395 & & & & 84,680 & \\ \hline Amortization of intangible assets & & — & & & & 3,537 & & & & — & & & & 7,093 & \\ \hline Restructuring and other related costs & & 703 & & & & — & & & & 676 & & & & — & \\ \hline Total cost of revenue & & 207,145 & & & & 233,436 & & & & 403,626 & & & & 478,613 & \\ \hline Gross profit & & 135,594 & & & & 142,792 & & & & 246,035 & & & & 289,690 & \\ \hline Operating expenses: & & & & & & & \\ \hline Research and development & & 74,678 & & & & 79,346 & & & & 151,940 & & & & 160,388 & \\ \hline Sales and marketing & & 41,897 & & & & 41,624 & & & & 82,642 & & & & 83,331 & \\ \hline General and administrative & & 34,107 & & & & 31,159 & & & & 66,954 & & & & 60,394 & \\ \hline Amortization of intangible assets & & 2,256 & & & & 3,523 & & & & 4,512 & & & & 7,112 & \\ \hline Merger-related charges & & 8,517 & & & & — & & & & 8,517 & & & & — & \\ \hline Restructuring and other related costs & & 3,948 & & & & 1,431 & & & & 4,262 & & & & 2,221 & \\ \hline Total operating expenses & & 165,403 & & & & 157,083 & & & & 318,827 & & & & 313,446 & \\ \hline Loss from operations & & (29,809 & ) & & & (14,291 & ) & & & (72,792 & ) & & & (23,756 & ) \\ \hline Other income (expense), net: & & & & & & & \\ \hline Interest income & & 793 & & & & 717 & & & & 1,915 & & & & 1,188 & \\ \hline Interest expense & & (8,163 & ) & & & (7,387 & ) & & & (16,792 & ) & & & (14,187 & ) \\ \hline Other gain (loss), net & & (11,183 & ) & & & 7,170 & & & & (17,395 & ) & & & 18,126 & \\ \hline Total other income (expense), net & & (18,553 & ) & & & 500 & & & & (32,272 & ) & & & 5,127 & \\ \hline Loss before income taxes & & (48,362 & ) & & & (13,791 & ) & & & (105,064 & ) & & & (18,629 & ) \\ \hline (Benefit from) provision for income taxes & & (75 & ) & & & 6,472 & & & & 4,618 & & & & 10,044 & \\ \hline Net loss & $ & (48,287 & ) & & $ & (20,263 & ) & & $ & (109,682 & ) & & $ & (28,673 & ) \\ \hline Net loss per common share: & & & & & & & \\ \hline Basic & $ & (0.21 & ) & & $ & (0.09 & ) & & $ & (0.47 & ) & & $ & (0.13 & ) \\ \hline Diluted & $ & (0.21 & ) & & $ & (0.09 & ) & & $ & (0.47 & ) & & $ & (0.13 & ) \\ \hline Weighted average shares used in computing net loss per common share: & & & & & & & \\ \hline Basic & & 234,349 & & & & 225,922 & & & & 232,941 & & & & 224,159 & \\ \hline Diluted & & 234,349 & & & & 225,922 & & & & 232,941 & & & & 224,159 & \\ \hline \\ \hline \end{table} **Infinera Corporation****GAAP to Non-GAAP Reconciliations****(In thousands, except percentages)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three months ended & & Six months ended \\ \hline & & June 29, 2024 & & & & March 30, 2024 & & & & July 1, 2023 & & & & June 29, 2024 & & & & July 1, 2023 & & \\ \hline Reconciliation of Gross Profit and Gross Margin: & & & & & & & & & & & & & & & & & & & & \\ \hline GAAP as reported & & $ & 135,594 & & & 39.6 & % & & $ & 110,441 & & & 36.0 & % & & $ & 142,792 & & & 38.0 & % & & $ & 246,035 & & & 37.9 & % & & $ & 289,690 & & & 37.7 & % \\ \hline Stock-based compensation expense(1) & & & 1,777 & & & 0.5 & % & & & 1,893 & & & 0.6 & % & & & 2,881 & & & 0.8 & % & & & 3,670 & & & 0.5 & % & & & 5,157 & & & 0.7 & % \\ \hline Amortization of acquired intangible assets(2) & & & — & & & — & % & & & — & & & — & % & & & 3,537 & & & 0.9 & % & & & — & & & — & % & & & 7,093 & & & 0.9 & % \\ \hline Restructuring and other related costs(3) & & & 703 & & & 0.2 & % & & & (27 & ) & & (0.0 & )% & & & — & & & — & % & & & 676 & & & 0.1 & % & & & — & & & — & % \\ \hline Warehouse fire recovery(4) & & & — & & & — & % & & & — & & & — & % & & & (1,475 & ) & & (0.4 & )% & & & — & & & — & % & & & (1,985 & ) & & (0.3 & )% \\ \hline Non-GAAP as adjusted & & $ & 138,074 & & & 40.3 & % & & $ & 112,307 & & & 36.6 & % & & $ & 147,735 & & & 39.3 & % & & $ & 250,381 & & & 38.5 & % & & $ & 299,955 & & & 39.0 & % \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Reconciliation of Operating Expenses: & & & & & & & & & & & & & & & & & & & & \\ \hline GAAP as reported & & $ & 165,403 & & & & & $ & 153,424 & & & & & $ & 157,083 & & & & & $ & 318,827 & & & & & $ & 313,446 & & & \\ \hline Stock-based compensation expense(1) & & & 8,024 & & & & & & 12,638 & & & & & & 15,116 & & & & & & 20,662 & & & & & & 28,491 & & & \\ \hline Amortization of acquired intangible assets(2) & & & 2,256 & & & & & & 2,256 & & & & & & 3,523 & & & & & & 4,512 & & & & & & 7,112 & & & \\ \hline Restructuring and other related costs(3) & & & 3,948 & & & & & & 314 & & & & & & 1,431 & & & & & & 4,262 & & & & & & 2,221 & & & \\ \hline Merger-related charges(5) & & & 8,517 & & & & & & — & & & & & & — & & & & & & 8,517 & & & & & & — & & & \\ \hline Non-GAAP as adjusted & & $ & 142,658 & & & & & $ & 138,216 & & & & & $ & 137,013 & & & & & $ & 280,874 & & & & & $ & 275,622 & & & \\ \hline & & & & & & & & & & & & & & & & & & & & \\ \hline Reconciliation of Income (Loss) from Operations and Operating Margin: & & & & & & & & & & & & & & & & & & & & \\ \hline GAAP as reported & & $ & (29,809 & ) & & (8.7 & )% & & $ & (42,983 & ) & & (14.0 & )% & & $ & (14,291 & ) & & (3.8 & )% & & $ & (72,792 & ) & & (11.2 & )% & & $ & (23,756 & ) & & (3.1 & )% \\ \hline Stock-based compensation expense(1) & & & 9,801 & & & 2.8 & % & & & 14,531 & & & 4.8 & % & & & 17,997 & & & 4.7 & % & & & 24,332 & & & 3.7 & % & & & 33,648 & & & 4.5 & % \\ \hline Amortization of acquired intangible assets(2) & & & 2,256 & & & 0.7 & % & & & 2,256 & & & 0.7 & % & & & 7,060 & & & 1.9 & % & & & 4,512 & & & 0.7 & % & & & 14,205 & & & 1.8 & % \\ \hline Restructuring and other related costs(3) & & & 4,651 & & & 1.4 & % & & & 287 & & & 0.1 & % & & & 1,431 & & & 0.4 & % & & & 4,938 & & & 0.8 & % & & & 2,221 & & & 0.3 & % \\ \hline Warehouse fire recovery(4) & & & — & & & — & % & & & — & & & — & % & & & (1,475 & ) & & (0.4 & )% & & & — & & & — & % & & & (1,985 & ) & & (0.3 & )% \\ \hline Merger-related charges(5) & & & 8,517 & & & 2.5 & % & & & — & & & — & % & & & — & & & — & % & & & 8,517 & & & 1.3 & % & & & — & & & — & % \\ \hline Non-GAAP as adjusted & & $ & (4,584 & ) & & (1.3 & )% & & $ & (25,909 & ) & & (8.4 & )% & & $ & 10,722 & & & 2.8 & % & & $ & (30,493 & ) & & (4.7 & )% & & $ & 24,333 & & & 3.2 & % \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three months ended & & Six months ended \\ \hline & & June 29, 2024 & & & & March 30, 2024 & & & & July 1, 2023 & & & & June 29, 2024 & & & & July 1, 2023 \\ \hline Reconciliation of Net Income (Loss): & & & & & & & & & & & & & & & & & & \\ \hline GAAP as reported & & $ & (48,287 & ) & & & & $ & (61,395 & ) & & & & $ & (20,263 & ) & & & & $ & (109,682 & ) & & & & $ & (28,673 & ) \\ \hline Stock-based compensation expense(1) & & & 9,801 & & & & & & 14,531 & & & & & & 17,997 & & & & & & 24,332 & & & & & & 33,648 & \\ \hline Amortization of acquired intangible assets(2) & & & 2,256 & & & & & & 2,256 & & & & & & 7,060 & & & & & & 4,512 & & & & & & 14,205 & \\ \hline Restructuring and other related costs(3) & & & 4,651 & & & & & & 287 & & & & & & 1,431 & & & & & & 4,938 & & & & & & 2,221 & \\ \hline Warehouse fire recovery(4) & & & — & & & & & & — & & & & & & (1,475 & ) & & & & & — & & & & & & (1,985 & ) \\ \hline Merger-related charges(5) & & & 8,517 & & & & & & — & & & & & & — & & & & & & 8,517 & & & & & & — & \\ \hline Foreign exchange (gains) losses, net(6) & & & 11,690 & & & & & & 6,448 & & & & & & (8,047 & ) & & & & & 18,138 & & & & & & (17,430 & ) \\ \hline Income tax effects(7) & & & (2,604 & ) & & & & & (383 & ) & & & & & 2,567 & & & & & & (2,987 & ) & & & & & 2,966 & \\ \hline Non-GAAP as adjusted & & $ & (13,976 & ) & & & & $ & (38,256 & ) & & & & $ & (730 & ) & & & & $ & (52,232 & ) & & & & $ & 4,952 & \\ \hline & & & & & & & & & & & & & & & & & & \\ \hline Weighted Average Shares Used in Computing GAAP Net Income (Loss) per Common Share: & & & & & & & & & & & & & & & & & & \\ \hline Basic & & & 234,349 & & & & & & 231,533 & & & & & & 225,922 & & & & & & 232,941 & & & & & & 224,159 & \\ \hline Diluted(8) & & & 234,349 & & & & & & 231,533 & & & & & & 225,922 & & & & & & 232,941 & & & & & & 224,159 & \\ \hline & & & & & & & & & & & & & & & & & & \\ \hline Weighted Average Shares Used in Computing Non-GAAP Net Income (Loss) per Common Share: & & & & & & & & & & & & & & & & & & \\ \hline Basic & & & 234,349 & & & & & & 231,533 & & & & & & 225,922 & & & & & & 232,941 & & & & & & 224,159 & \\ \hline Diluted(9) & & & 234,349 & & & & & & 231,533 & & & & & & 225,922 & & & & & & 232,941 & & & & & & 228,502 & \\ \hline & & & & & & & & & & & & & & & & & & \\ \hline Reconciliation of Adjusted EBITDA (10): & & & & & & & & & & & & & & & & & & \\ \hline Non-GAAP net income (loss) & & $ & (13,976 & ) & & & & $ & (38,256 & ) & & & & $ & (730 & ) & & & & $ & (52,232 & ) & & & & $ & 4,952 & \\ \hline Add: Interest expense, net & & & 7,370 & & & & & & 7,507 & & & & & & 6,670 & & & & & & 14,877 & & & & & & 12,999 & \\ \hline Less: Other gain (loss), net & & & 507 & & & & & & 236 & & & & & & (877 & ) & & & & & 743 & & & & & & 696 & \\ \hline Add: Income tax effects & & & 2,529 & & & & & & 5,076 & & & & & & 3,904 & & & & & & 7,605 & & & & & & 7,078 & \\ \hline Add: Depreciation & & & 13,285 & & & & & & 13,189 & & & & & & 12,739 & & & & & & 26,474 & & & & & & 25,196 & \\ \hline Non-GAAP as adjusted & & $ & 8,701 & & & & & $ & (12,720 & ) & & & & $ & 23,460 & & & & & $ & (4,019 & ) & & & & $ & 49,529 & \\ \hline & & & & & & & & & & & & & & & & & & \\ \hline Net Income (Loss) per Common Share: GAAP & & & & & & & & & & & & & & & & & & \\ \hline Basic & & $ & (0.21 & ) & & & & $ & (0.27 & ) & & & & $ & (0.09 & ) & & & & $ & (0.47 & ) & & & & $ & (0.13 & ) \\ \hline Diluted(8) & & $ & (0.21 & ) & & & & $ & (0.27 & ) & & & & $ & (0.09 & ) & & & & $ & (0.47 & ) & & & & $ & (0.13 & ) \\ \hline & & & & & & & & & & & & & & & & & & \\ \hline Net Income (Loss) per Common Share: Non-GAAP & & & & & & & & & & & & & & & & & & \\ \hline Basic & & $ & (0.06 & ) & & & & $ & (0.17 & ) & & & & $ & (0.00 & ) & & & & $ & (0.22 & ) & & & & $ & 0.02 & \\ \hline Diluted(9) & & $ & (0.06 & ) & & & & $ & (0.17 & ) & & & & $ & (0.00 & ) & & & & $ & (0.22 & ) & & & & $ & 0.02 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Stock-based compensation expense is calculated in accordance with the fair value recognition provisions of Financial Accounting Standards Board Accounting Standards Codification Topic 718, Compensation – Stock Compensation effective January 1, 2006. The following table summarizes the effects of stock-based compensation related to employees and non-employees (in thousands): \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three months ended & & Six months ended \\ \hline & & June 29, 2024 & & March 30, 2024 & & July 1, 2023 & & June 29, 2024 & & July 1, 2023 \\ \hline Cost of revenue & & $ & 1,777 & & $ & 1,893 & & $ & 2,881 & & $ & 3,670 & & $ & 5,157 \\ \hline Research and development & & & 4,497 & & & 5,112 & & & 6,200 & & & 9,609 & & & 11,823 \\ \hline Sales and marketing & & & 2,611 & & & 3,287 & & & 4,071 & & & 5,898 & & & 7,665 \\ \hline General and administration & & & 916 & & & 4,239 & & & 4,845 & & & 5,155 & & & 9,003 \\ \hline Total operating expenses & & & 8,024 & & & 12,638 & & & 15,116 & & & 20,662 & & & 28,491 \\ \hline Total stock-based compensation expense & & $ & 9,801 & & $ & 14,531 & & $ & 17,997 & & $ & 24,332 & & $ & 33,648 \\ \hline \end{table} \begin{table}{|c|c|} \hline (2) & Amortization of acquired intangible assets consists of developed technology and customer relationships acquired in connection with the acquisitions of Coriant and Transmode AB. GAAP accounting requires that acquired intangible assets are recorded at fair value and amortized over their useful lives. As this amortization is non-cash, Infinera has excluded it from its non-GAAP gross profit, operating expenses and net income measures. Management believes the amortization of acquired intangible assets is not indicative of ongoing operating performance and its exclusion provides a better indication of Infinera's underlying business performance. \\ \hline & \\ \hline (3) & Restructuring and other related costs are primarily associated with the reduction of headcount and the reduction of operating costs. In addition, this includes accelerated amortization on operating lease right-of-use assets due to the cessation of use of certain facilities. Management has excluded the impact of these charges in arriving at Infinera's non-GAAP results as they are non-recurring in nature and its exclusion provides a better indication of Infinera's underlying business performance. \\ \hline & \\ \hline (4) & Warehouse fire losses were incurred due to inventory destroyed in a warehouse fire in the third quarter of fiscal year 2022. Recoveries are recorded when they are probable of receipt. Management has excluded the impact of this loss and subsequent recoveries in arriving at Infinera's non-GAAP results as it is non-recurring in nature and its exclusion provides a better indication of Infinera's underlying business performance. \\ \hline & \\ \hline (5) & Merger-related charges represent costs incurred directly in connection with the pending merger with Nokia. Management has excluded the impact of these charges in arriving at Infinera's non-GAAP results as they are non-recurring in nature and the exclusion of these charges provides a better indication of Infinera's underlying business performance. \\ \hline & \\ \hline (6) & Foreign exchange (gains) losses, net, have been excluded from Infinera's non-GAAP results because management believes that this expense is not indicative of ongoing operating performance and its exclusion provides a better indication of Infinera's underlying business performance. \\ \hline & \\ \hline (7) & The difference between the GAAP and non-GAAP tax provision is due to the net tax effects of above non-GAAP adjustments. Management believes the exclusion of these tax effects provides a better indication of Infinera's underlying business performance. \\ \hline & \\ \hline (8) & The GAAP diluted shares include potentially dilutive securities from Infinera's stock-based benefit plans and convertible senior notes. These potentially dilutive securities are added for the computation of diluted net income per share on a GAAP basis in periods when Infinera has net income on a GAAP basis, as its inclusion provides a better indication of Infinera's underlying business performance. \\ \hline & \\ \hline \end{table} For purposes of calculating GAAP diluted earnings per share, we used the following net loss and weighted average common shares outstanding (in thousands, except per share data): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three months ended & & Six months ended \\ \hline & & June 29, 2024 & & March 30, 2024 & & July 1, 2023 & & June 29, 2024 & & July 1, 2023 \\ \hline GAAP net loss for basic earnings per share & & $ & (48,287 & ) & & $ & (61,395 & ) & & $ & (20,263 & ) & & $ & (109,682 & ) & & $ & (28,673 & ) \\ \hline Interest expense related to the convertible senior notes, net of tax & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline GAAP net loss for diluted earnings per share & & $ & (48,287 & ) & & $ & (61,395 & ) & & $ & (20,263 & ) & & $ & (109,682 & ) & & $ & (28,673 & ) \\ \hline & & & & & & & & & & \\ \hline Weighted average basic common shares outstanding & & & 234,349 & & & & 231,533 & & & & 225,922 & & & & 232,941 & & & & 224,159 & \\ \hline Dilutive effect of restricted and performance share units & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Dilutive effect of 2024 convertible senior notes(a) & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Dilutive effect of 2027 convertible senior notes(b) & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Dilutive effect of 2028 convertible senior notes(c) & & & — & & & & — & & & & — & & & & — & & & & — & \\ \hline Weighted average dilutive common shares outstanding & & & 234,349 & & & & 231,533 & & & & 225,922 & & & & 232,941 & & & & 224,159 & \\ \hline & & & & & & & & & & \\ \hline GAAP net loss per common share: & & & & & & & & & & \\ \hline Basic & & $ & (0.21 & ) & & $ & (0.27 & ) & & $ & (0.09 & ) & & $ & (0.47 & ) & & $ & (0.13 & ) \\ \hline Diluted & & $ & (0.21 & ) & & $ & (0.27 & ) & & $ & (0.09 & ) & & $ & (0.47 & ) & & $ & (0.13 & ) \\ \hline \end{table} \begin{table}{|c|c|c|} \hline & (a) & For the three- months ended June 29, 2024, March 30, 2024, and July 1, 2023, there were 1.9 million, 1.9 million and 9.0 million shares, respectively, excluded from the calculation of diluted net loss per share, due to their anti-dilutive effect. For the six-months ended June 29, 2024, and July 1, 2023, there were 1.9 million, and 9.7 million shares, respectively, excluded from the calculation of diluted net loss per share, due to their anti-dilutive effect. \\ \hline & & \\ \hline & (b) & For each of the three- months ended June 29, 2024, March 30, 2024, and July 1, 2023, there were 26.1 million shares excluded from the calculation of diluted net loss per share, due to their anti-dilutive effect. For each of the six-months ended June 29, 2024, and July 1, 2023, there were 26.1 million shares excluded from the calculation of diluted net loss per share, due to their anti-dilutive effect. \\ \hline & & \\ \hline & (c) & For each of the three- months ended June 29, 2024, March 30, 2024, and July 1, 2023, there were no shares excluded from the calculation of diluted net loss per share. For the six-months ended June 29, 2024, there were no shares excluded from the calculation of diluted net loss per share. For the six-months ended July 1, 2023, there were 1.8 million shares excluded from the calculation of diluted net loss per share, due to their anti-dilutive effect. \\ \hline & & \\ \hline (9) & The non-GAAP diluted shares include the potentially dilutive securities from Infinera's stock-based benefit plans and convertible senior notes. These potentially dilutive securities are added for the computation of diluted net income per share on a non-GAAP basis in periods when Infinera has net income on a non-GAAP basis as its inclusion provides a better indication of Infinera's underlying business performance. Refer to the diluted earnings per share reconciliation presented below. \\ \hline & \\ \hline (10) & Adjusted EBITDA is a non-GAAP supplemental measure of operating performance that does not represent and should not be considered an alternative to operating loss or cash flow from operations, as determined by GAAP. Infinera's adjusted EBITDA is calculated by excluding the above non-GAAP adjustments, interest expense, net, other gain (loss), net, income tax effects and depreciation expenses. Management believes that adjusted EBITDA is an important financial measure for use in evaluating Infinera's financial performance, as it measures the ability of our business operations to generate cash. \\ \hline & & \\ \hline \end{table} For purposes of calculating non-GAAP diluted earnings per share, we used the following net income (loss) and weighted average common shares outstanding (in thousands, except per share data): \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three months ended & & Six months ended \\ \hline & & June 29, 2024 & & March 30, 2024 & & July 1, 2023 & & June 29, 2024 & & July 1, 2023 \\ \hline Non-GAAP net income (loss) for basic earnings per share & & $ & (13,976 & ) & & $ & (38,256 & ) & & $ & (730 & ) & & $ & (52,232 & ) & & $ & 4,952 \\ \hline Interest expense related to the convertible senior notes, net of tax & & & — & & & & — & & & & — & & & & — & & & & — \\ \hline Non-GAAP net income (loss) for diluted earnings per share & & $ & (13,976 & ) & & $ & (38,256 & ) & & $ & (730 & ) & & $ & (52,232 & ) & & $ & 4,952 \\ \hline & & & & & & & & & & \\ \hline Weighted average basic common shares outstanding & & & 234,349 & & & & 231,533 & & & & 225,922 & & & & 232,941 & & & & 224,159 \\ \hline Dilutive effect of restricted and performance share units & & & — & & & & — & & & & — & & & & — & & & & 2,445 \\ \hline Dilutive effect of employee stock purchase plan & & & — & & & & — & & & & — & & & & — & & & & 106 \\ \hline Dilutive effect of 2024 convertible senior notes(a) & & & — & & & & — & & & & — & & & & — & & & & — \\ \hline Dilutive effect of 2027 convertible senior notes(b) & & & — & & & & — & & & & — & & & & — & & & & — \\ \hline Dilutive effect of 2028 convertible senior notes(c) & & & — & & & & — & & & & — & & & & — & & & & 1,792 \\ \hline Weighted average dilutive common shares outstanding & & & 234,349 & & & & 231,533 & & & & 225,922 & & & & 232,941 & & & & 228,502 \\ \hline & & & & & & & & & & \\ \hline Non-GAAP net income (loss) per common share: & & & & & & & & & & \\ \hline Basic & & $ & (0.06 & ) & & $ & (0.17 & ) & & $ & (0.00 & ) & & $ & (0.22 & ) & & $ & 0.02 \\ \hline Diluted & & $ & (0.06 & ) & & $ & (0.17 & ) & & $ & (0.00 & ) & & $ & (0.22 & ) & & $ & 0.02 \\ \hline \end{table} \begin{table}{|c|c|c|} \hline & (a) & For the three- months ended June 29, 2024, March 30, 2024, and July 1, 2023, there were 1.9 million, 1.9 million and 9.0 million shares, respectively, excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect. For the six-months ended June 29, 2024, and July 1, 2023, there were 1.9 million, and 9.7 million shares, respectively, excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect. \\ \hline & & \\ \hline & (b) & For each of the three- months ended June 29, 2024, March 30, 2024, and July 1, 2023, there were 26.1 million shares excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect. For each of the six-months ended June 29, 2024, and July 1, 2023, there were 26.1 million shares excluded from the calculation of diluted net income (loss) per share, due to their anti-dilutive effect. \\ \hline & & \\ \hline & (c) & For each of the three- months ended June 29, 2024, March 30, 2024, and July 1, 2023, there were no shares excluded from the calculation of diluted net income (loss) per share. For each of the six-months ended June 29, 2024, and July 1, 2023, there were no shares excluded from the calculation of diluted net income (loss) per share. \\ \hline & & \\ \hline \end{table} **Infinera Corporation****GAAP to Non-GAAP Reconciliations****(In thousands)****(Unaudited)** **Free Cash Flow** We define free cash flow as net cash provided by (used in) operating activities in the period minus the purchase of property and equipment made in the period. Free cash flow is considered a non-GAAP financial measure under the SEC’s rules. Management believes that free cash flow is an important financial measure for use in evaluating Infinera's financial performance, as it measures our ability to generate additional cash from our business operations. Free cash flow should be considered in addition to, rather than as a substitute for, net loss as a measure of our performance or net cash provided by (used in) operating activities as a measure of our liquidity. Additionally, our definition of free cash flow is limited and does not represent residual cash flows available for discretionary expenditures due to the fact that the measure does not deduct the payments required for debt service and other obligations. Therefore, we believe it is important to view free cash flow as supplemental to our entire statement of cash flows. \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Three months ended & & Six months ended \\ \hline & & June 29, 2024 & & March 30, 2024 & & July 1, 2023 & & June 29, 2024 & & July 1, 2023 \\ \hline Net cash (used in) provided by operating activities & & $ & (59,954 & ) & & $ & 24,026 & & & $ & 1,420 & & & $ & (35,928 & ) & & $ & (349 & ) \\ \hline Purchase of property and equipment & & & (14,582 & ) & & & (8,076 & ) & & & (10,773 & ) & & & (22,658 & ) & & & (27,582 & ) \\ \hline Free cash flow & & $ & (74,536 & ) & & $ & 15,950 & & & $ & (9,353 & ) & & $ & (58,586 & ) & & $ & (27,931 & ) \\ \hline \\ \hline \end{table} **Infinera Corporation****Condensed Consolidated Balance Sheets****(In thousands, except par values)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & June 29,2024 & & December 30,2023 \\ \hline ASSETS & & & \\ \hline Current assets: & & & \\ \hline Cash and cash equivalents & $ & 114,670 & & & $ & 172,505 & \\ \hline Short-term restricted cash & & 333 & & & & 517 & \\ \hline Accounts receivable, net & & 284,382 & & & & 381,981 & \\ \hline Inventory & & 384,258 & & & & 431,163 & \\ \hline Prepaid expenses and other current assets & & 167,144 & & & & 129,218 & \\ \hline Total current assets & & 950,787 & & & & 1,115,384 & \\ \hline Property, plant and equipment, net & & 220,163 & & & & 206,997 & \\ \hline Operating lease right-of-use assets & & 38,836 & & & & 39,973 & \\ \hline Intangible assets, net & & 20,306 & & & & 24,819 & \\ \hline Goodwill & & 230,688 & & & & 240,566 & \\ \hline Long-term restricted cash & & 649 & & & & 837 & \\ \hline Other long-term assets & & 57,406 & & & & 50,662 & \\ \hline Total assets & $ & 1,518,835 & & & $ & 1,679,238 & \\ \hline LIABILITIES AND STOCKHOLDERS’ EQUITY & & & \\ \hline Current liabilities: & & & \\ \hline Accounts payable & $ & 237,904 & & & $ & 299,005 & \\ \hline Accrued expenses and other current liabilities & & 131,572 & & & & 110,758 & \\ \hline Accrued compensation and related benefits & & 53,837 & & & & 85,203 & \\ \hline Short-term debt, net & & 25,273 & & & & 25,512 & \\ \hline Accrued warranty & & 14,937 & & & & 17,266 & \\ \hline Deferred revenue & & 140,926 & & & & 136,248 & \\ \hline Total current liabilities & & 604,449 & & & & 673,992 & \\ \hline Long-term debt, net & & 660,420 & & & & 658,756 & \\ \hline Long-term accrued warranty & & 14,521 & & & & 15,934 & \\ \hline Long-term deferred revenue & & 21,985 & & & & 21,332 & \\ \hline Long-term deferred tax liability & & 1,694 & & & & 1,805 & \\ \hline Long-term operating lease liabilities & & 44,795 & & & & 47,464 & \\ \hline Other long-term liabilities & & 39,383 & & & & 43,364 & \\ \hline Commitments and contingencies & & & \\ \hline Stockholders’ equity: & & & \\ \hline Preferred stock, $0.001 par valueAuthorized shares – 25,000 and no shares issued and outstanding & & — & & & & — & \\ \hline Common stock, $0.001 par valueAuthorized shares - 500,000 as of June 29, 2024 and December 30, 2023Issued and outstanding shares - 235,135 as of June 29, 2024 and 230,994 as of December 30, 2023 & & 235 & & & & 231 & \\ \hline Additional paid-in capital & & 1,998,670 & & & & 1,976,014 & \\ \hline Accumulated other comprehensive loss & & (32,829 & ) & & & (34,848 & ) \\ \hline Accumulated deficit & & (1,834,488 & ) & & & (1,724,806 & ) \\ \hline Total stockholders' equity & & 131,588 & & & & 216,591 & \\ \hline Total liabilities and stockholders’ equity & $ & 1,518,835 & & & $ & 1,679,238 & \\ \hline \\ \hline \end{table} **Infinera Corporation****Condensed Consolidated Statements of Cash Flows****(In thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|} \hline & Six months ended \\ \hline & June 29, 2024 & & July 1, 2023 \\ \hline Cash Flows from Operating Activities: & & & \\ \hline Net loss & $ & (109,682 & ) & & $ & (28,673 & ) \\ \hline Adjustments to reconcile net loss to net cash used in operating activities: & & & \\ \hline Depreciation and amortization & & 30,986 & & & & 39,401 & \\ \hline Non-cash restructuring charges and other related costs & & 52 & & & & 1,155 & \\ \hline Amortization of debt issuance costs and discount & & 1,825 & & & & 2,108 & \\ \hline Operating lease expense & & 4,506 & & & & 4,279 & \\ \hline Stock-based compensation expense & & 24,332 & & & & 33,649 & \\ \hline Other, net & & (174 & ) & & & (682 & ) \\ \hline Changes in assets and liabilities: & & & \\ \hline Accounts receivable & & 94,764 & & & & 94,216 & \\ \hline Inventory & & 46,148 & & & & (53,162 & ) \\ \hline Prepaid expenses and other current assets & & (52,618 & ) & & & 11,377 & \\ \hline Accounts payable & & (78,074 & ) & & & (28,023 & ) \\ \hline Accrued expenses and other current liabilities & & (4,634 & ) & & & (50,699 & ) \\ \hline Deferred revenue & & 6,641 & & & & (25,295 & ) \\ \hline Net cash used in operating activities & & (35,928 & ) & & & (349 & ) \\ \hline Cash Flows from Investing Activities: & & & \\ \hline Purchase of property and equipment & & (22,658 & ) & & & (27,582 & ) \\ \hline Net cash used in investing activities & & (22,658 & ) & & & (27,582 & ) \\ \hline Cash Flows from Financing Activities: & & & \\ \hline Proceeds from issuance of 2028 Notes, net of discount & & — & & & & 98,751 & \\ \hline Repayment of 2024 Notes & & — & & & & (83,446 & ) \\ \hline Payment of debt issuance cost & & — & & & & (2,030 & ) \\ \hline Proceeds from asset-based revolving credit facility & & 25,000 & & & & — & \\ \hline Repayment of asset-based revolving credit facility & & (25,000 & ) & & & — & \\ \hline Repayment of mortgage payable & & (240 & ) & & & (253 & ) \\ \hline Principal payments on finance lease obligations & & (372 & ) & & & (471 & ) \\ \hline Payment of term license obligation & & (5,148 & ) & & & (5,505 & ) \\ \hline Proceeds from issuance of common stock & & 4 & & & & 8,738 & \\ \hline Tax withholding paid on behalf of employees for net share settlement & & (1,599 & ) & & & (1,668 & ) \\ \hline Net cash (used in) provided by financing activities & & (7,355 & ) & & & 14,116 & \\ \hline Effect of exchange rate changes on cash & & 7,734 & & & & (8,629 & ) \\ \hline Net change in cash, cash equivalents and restricted cash & & (58,207 & ) & & & (22,444 & ) \\ \hline Cash, cash equivalents and restricted cash at beginning of period & & 173,859 & & & & 189,203 & \\ \hline Cash, cash equivalents and restricted cash at end of period(1) & $ & 115,652 & & & $ & 166,759 & \\ \hline \\ \hline \end{table} **Infinera Corporation****Condensed Consolidated Statements of Cash Flows****(In thousands)****(Unaudited)** \begin{table}{|c|c|c|c|c|c|} \hline & Six months ended \\ \hline & June 29, 2024 & & July 1, 2023 \\ \hline Supplemental disclosures of cash flow information: & & & \\ \hline Cash paid for income taxes, net & $ & 13,360 & & $ & 8,983 \\ \hline Cash paid for interest & $ & 13,237 & & $ & 11,076 \\ \hline Supplemental schedule of non-cash investing and financing activities: & & & \\ \hline Unpaid debt issuance cost & $ & — & & $ & 375 \\ \hline Property and equipment included in accounts payable and accrued liabilities & $ & 26,888 & & $ & 16,068 \\ \hline Unpaid term licenses (included in accounts payable, accrued liabilities and other long-term liabilities) & $ & 18,832 & & $ & 10,276 \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Reconciliation of cash, cash equivalents and restricted cash to the condensed consolidated balance sheets (in thousands): \\ \hline \end{table} \begin{table}{|c|c|c|c|c|c|} \hline & June 29, 2024 & & July 1, 2023 \\ \hline & & & \\ \hline Cash and cash equivalents & $ & 114,670 & & $ & 163,007 \\ \hline Short-term restricted cash & & 333 & & & 2,449 \\ \hline Long-term restricted cash & & 649 & & & 1,303 \\ \hline Total cash, cash equivalents and restricted cash & $ & 115,652 & & $ & 166,759 \\ \hline \\ \hline \end{table} **Infinera Corporation****Supplemental Financial Information****(Unaudited)** \begin{table}{|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|c|} \hline & & Q3'22 & & Q4'22 & & Q1'23 & & Q2'23 & & Q3'23 & & Q4'23 & & Q1'24 & & Q2'24 \\ \hline GAAP Revenue $(Mil) & & $ & 390.4 & & & $ & 485.9 & & & $ & 392.1 & & & $ & 376.2 & & & $ & 392.4 & & & $ & 453.5 & & & $ & 306.9 & & & $ & 342.7 & \\ \hline GAAP Gross Margin % & & & 34.4 & % & & & 37.1 & % & & & 37.5 & % & & & 38.0 & % & & & 40.3 & % & & & 38.6 & % & & & 36.0 & % & & & 39.6 & % \\ \hline Non-GAAP Gross Margin %(1) & & & 37.8 & % & & & 38.7 & % & & & 38.8 & % & & & 39.3 & % & & & 41.9 & % & & & 39.6 & % & & & 36.6 & % & & & 40.3 & % \\ \hline GAAP Revenue Composition: & & & & & & & & & & & & & & & & \\ \hline Domestic % & & & 57 & % & & & 61 & % & & & 60 & % & & & 58 & % & & & 59 & % & & & 68 & % & & & 54 & % & & & 58 & % \\ \hline International % & & & 43 & % & & & 39 & % & & & 40 & % & & & 42 & % & & & 41 & % & & & 32 & % & & & 46 & % & & & 42 & % \\ \hline Customers >10% of Revenue & & & 1 & & & & 1 & & & & — & & & & 1 & & & & 1 & & & & 1 & & & & — & & & & — & \\ \hline Cash Related Information: & & & & & & & & & & & & & & & & \\ \hline Cash from Operations $(Mil) & & $ & 19.6 & & & $ & (0.6 & ) & & $ & (1.8 & ) & & $ & 1.4 & & & $ & (29.7 & ) & & $ & 79.6 & & & $ & 24.0 & & & $ & (59.9 & ) \\ \hline Capital Expenditures $(Mil) & & $ & 11.0 & & & $ & 8.3 & & & $ & 16.8 & & & $ & 10.8 & & & $ & 13.3 & & & $ & 21.4 & & & $ & 8.1 & & & $ & 14.6 & \\ \hline Depreciation & Amortization $(Mil) & & $ & 21.3 & & & $ & 19.8 & & & $ & 19.6 & & & $ & 19.8 & & & $ & 20.0 & & & $ & 19.4 & & & $ & 15.4 & & & $ & 15.6 & \\ \hline DSOs(2) & & & 66 & & & & 79 & & & & 78 & & & & 79 & & & & 76 & & & & 77 & & & & 79 & & & & 76 & \\ \hline Inventory Metrics: & & & & & & & & & & & & & & & & \\ \hline Raw Materials $(Mil) & & $ & 43.5 & & & $ & 48.7 & & & $ & 67.6 & & & $ & 85.4 & & & $ & 110.4 & & & $ & 133.6 & & & $ & 132.5 & & & $ & 119.4 & \\ \hline Work in Process $(Mil) & & $ & 62.6 & & & $ & 66.6 & & & $ & 71.8 & & & $ & 71.9 & & & $ & 69.9 & & & $ & 68.4 & & & $ & 68.6 & & & $ & 68.7 & \\ \hline Finished Goods $(Mil) & & $ & 224.9 & & & $ & 259.6 & & & $ & 273.6 & & & $ & 270.1 & & & $ & 276.6 & & & $ & 229.2 & & & $ & 219.6 & & & $ & 196.1 & \\ \hline Total Inventory $(Mil) & & $ & 331.0 & & & $ & 374.9 & & & $ & 413.0 & & & $ & 427.4 & & & $ & 456.9 & & & $ & 431.2 & & & $ & 420.7 & & & $ & 384.2 & \\ \hline Inventory Turns(3) & & & 3.0 & & & & 3.4 & & & & 2.4 & & & & 2.2 & & & & 2.1 & & & & 2.5 & & & & 1.8 & & & & 2.0 & \\ \hline Worldwide Headcount & & & 3,199 & & & & 3,267 & & & & 3,351 & & & & 3,365 & & & & 3,369 & & & & 3,389 & & & & 3,323 & & & & 3,334 & \\ \hline Weighted Average Shares Outstanding (in thousands): & & & & & & & & & & & & & & & & \\ \hline Basic & & & 217,620 & & & & 219,921 & & & & 222,393 & & & & 225,922 & & & & 228,077 & & & & 230,509 & & & & 231,533 & & & & 234,349 & \\ \hline Diluted & & & 268,927 & & & & 258,030 & & & & 229,404 & & & & 262,712 & & & & 257,219 & & & & 259,210 & & & & 260,980 & & & & 265,591 & \\ \hline \end{table} \begin{table}{|c|c|} \hline (1) & Non-GAAP adjustments include stock-based compensation expense, amortization of acquired intangible assets, restructuring and other related costs and warehouse fire recovery. For a description of this non-GAAP financial measure, please see the section titled, “GAAP to Non-GAAP Reconciliations” of this press release for a reconciliation to the most directly comparable GAAP financial measures. For reconciliations of prior periods that are not otherwise provided herein, see the prior period earnings releases available on our Investor Relations webpage. \\ \hline & \\ \hline (2) & Infinera calculates DSO based on 91 days. Fiscal year 2022 was 53 weeks and the fourth quarter of fiscal year 2022 was 98 days. When calculation is based on 98 days, DSO was 85 days for the fourth quarter of fiscal year 2022. \\ \hline & \\ \hline (3) & Infinera calculates non-GAAP inventory turns as annualized non-GAAP cost of revenue, which is calculated as GAAP cost of revenue less stock-based compensation expense, amortization of acquired intangible assets, restructuring and other related costs and warehouse fire recovery, as illustrated in the reconciliation of gross profit above, divided by the average inventory for the quarter. \\ \hline & \\ \hline \end{table} [Image](https://www.globenewswire.com/newsroom/ti?nf=OTE5ODQ3NiM2NDA1MDc0IzIwMDYzMzE=) [Image](https://ml.globenewswire.com/media/OWUwYWFmNDMtMDE1MC00ZTc0LThkOGMtN2I5Mzg1YmUzMmQ3LTEwMTc5MDQ=/tiny/Infinera-Corporation.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/36713322-bdde-4e51-b9c8-a6f4b740be2d) Source: Infinera Corporation | Infinera Corporation Reports Second Quarter 2024 Financial Results | Press Release | Symbol Press Release | Symbol | 0.0554 | 6.08148 | 5.89599 | 5.95034 | 5.8838 | 5.88545 | 5.88334 | 5.88104 | 5.96294 | 6.0156 | 5.98 | 5.938 | 5.88 | 5.88207 | 5.83585 | 5.83125 | 5.77573 | 6.04729 | 6.28258 |
PNNT | PennantPark Investment Corporation | Finance | Finance: Consumer Services | https://www.nasdaq.com/press-release/pennantpark-investment-corporation-announces-monthly-distribution-008-share-2024-08 | 2024-08-02 16:08:00 | Unknown | MIAMI, Aug. 02, 2024 (GLOBE NEWSWIRE) -- PennantPark Investment Corporation (the "Company") (NYSE: PNNT) declares its monthly distribution for August 2024 of $0.08 per share, payable on September 3, 2024 to stockholders of record as of August 16, 2024. The distribution is expected to be paid from taxable net investment income. The final specific tax characteristics of the distribution will be reported to stockholders on Form 1099 after the end of the calendar year and in the Company's periodic report filed with the Securities and Exchange Commission. ABOUT PENNANTPARK INVESTMENT CORPORATION PennantPark Investment Corporation is a business development company which primarily invests in U.S. middle-market private companies in the form of first lien secured debt, second lien secured debt, subordinated debt and equity investments. PennantPark Investment Corporation is managed by PennantPark Investment Advisers, LLC. ABOUT PENNANTPARK INVESTMENT ADVISERS, LLC PennantPark Investment Advisers, LLC is a leading middle market credit platform, managing $7.7 billion of investable capital, including available leverage. Since its inception in 2007, PennantPark Investment Advisers, LLC has provided investors access to middle market credit by offering private equity firms and their portfolio companies as well as other middle-market borrowers a comprehensive range of creative and flexible financing solutions. PennantPark Investment Advisers, LLC is headquartered in Miami and has offices in New York, Chicago, Houston, Los Angeles and Amsterdam. FORWARD-LOOKING STATEMENTS This press release may contain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. You should understand that under Section 27A(b)(2)(B) of the Securities Act and Section 21E(b)(2)(B) of the Exchange Act the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 do not apply to forward-looking statements made in periodic reports PennantPark Investment Corporation files under the Exchange Act. All statements other than statements of historical facts included in this press release are forward-looking statements and are not guarantees of future performance or results and involve a number of risks and uncertainties. Actual results may differ materially from those in the forward-looking statements as a result of a number of factors, including those described from time to time in filings with the Securities and Exchange Commission. PennantPark Investment Corporation undertakes no duty to update any forward-looking statement made herein. You should not place undue influence on such forward-looking statements as such statements speak only as of the date on which they are made. CONTACT:Richard T. Allorto, Jr.PennantPark Investment Corporation(212) 905-1000 [www.pennantpark.com](http://www.pennantpark.com/) [Image](https://www.globenewswire.com/newsroom/ti?nf=OTE5ODQyOCM2NDA2MjA2IzIwMjA3MjA=) [Image](https://ml.globenewswire.com/media/N2JiZTBjNTMtZmRlNS00ZTc3LThkMzktYzJjOTIxMzM5NjIzLTEwMzIxNTc=/tiny/PennantPark-Investment-Corpora.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/0263b9d1-f595-4f23-b141-65a16f39b514) Source: PennantPark Investment Corporation | PennantPark Investment Corporation Announces Monthly Distribution of $0.08 per Share | Press Release | Symbol Press Release | Symbol | 0.0554 | 7.2623 | 7.41116 | 7.29821 | 7.15503 | 7.15503 | 7.15503 | 7.15503 | 7.15804 | 7.16171 | 7.01174 | 6.94806 | 6.9723 | 6.91081 | 6.86574 | 6.82382 | 6.69382 | 7.08272 | 7.05779 |
VERV | Verve Therapeutics, Inc. | Health Care | Biotechnology: Pharmaceutical Preparations | https://www.nasdaq.com/press-release/verve-therapeutics-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-4 | 2024-08-02 16:08:00 | Unknown | BOSTON, Aug. 02, 2024 (GLOBE NEWSWIRE) -- [Verve Therapeutics](https://www.globenewswire.com/Tracker?data=YQDhQEYbKGob33gnCO0kIQDV6YMrwZIxU2pBHDArVVw6pcB3cE8ucmDSYzMO7gYp1Ig9ndANHcAmlNstPICgs9jjOQb5A4YCcrK5jMYSxek=), a clinical-stage company developing a new class of genetic medicines for cardiovascular disease, today announced that on July 31, 2024, the company granted equity awards to five new employees, pursuant to the company’s 2024 Inducement Stock Incentive Plan, as an inducement material to each new employee entering into employment with the company in accordance with Nasdaq Listing Rule 5635(c)(4). The employees received stock options to purchase an aggregate of 91,200 shares of the company’s common stock and an aggregate of 37,300 restricted stock units (RSUs). The options have an exercise price of $7.00 per share, which is equal to the closing price of the company’s common stock on the date of grant. Each option has a 10-year term and will vest over a period of four years, with 25% of the shares vesting on the one-year anniversary of the grant date and the remainder vesting in equal monthly installments over the following three years, subject to each such employee’s continued service with the company on each such vesting date. The RSUs will vest in equal annual installments on the first four anniversaries of October 1, 2024, subject to each such employee’s continued service with the company on each such vesting date. **About Verve Therapeutics** Verve Therapeutics, Inc. (Nasdaq: VERV) is a clinical-stage company developing a new class of genetic medicines for cardiovascular disease with the potential to transform treatment from chronic management to single-course gene editing medicines. The company’s lead programs – VERVE-101, VERVE-102, and VERVE-201 – target genes that have been extensively validated as targets for lowering low-density lipoprotein cholesterol (LDL-C), a root cause of atherosclerotic cardiovascular disease (ASCVD). VERVE-101 and VERVE-102 are designed to permanently turn off the PCSK9 gene in the liver and are being developed initially for heterozygous familial hypercholesterolemia (HeFH) and ultimately to treat patients with established ASCVD who continue to be impacted by high LDL-C levels. VERVE-201 is designed to permanently turn off the ANGPTL3 gene in the liver and is initially being developed for homozygous familial hypercholesterolemia (HoFH) and for refractory hypercholesterolemia where patients still have high LDL-C despite treatment with maximally-tolerated standard of care therapies. For more information, please visit [www.VerveTx.com](https://www.globenewswire.com/Tracker?data=N9pBHp4AwT5wqGd51Bh40qnxc7iLwwsC3lnA2bT4iwpWIywjrdUhS8QGaIf2S0-tOPJ6aDbQI2nORK7Y2kB88_H1Z8svos-9qlpgoTE5QbW9mhQ15SFzicK410vXxYC57QK9b9MfvZx4eRmYo5C6UldWWb779oKHHBOFxOv7bRgV6NWS7SaA_6tlOjbIc5NswFke8tlPiqzHr_Qd2AtU9pFa7PEE0fcamBxCKazbq-dlBckRrKxy36oEJhQHBVGb2Z_xpBtbogEj5e-pVLKi-USsAj60DSMwjtxatSDuXukIBmYSiPZVzAQm01ZM14b3elIh9MvMx53UKHtzivCQPhVQFBin9gEI9L7hruAgGC-EilJJvlHOUYO1g4VAIyfWHrS7tyWSe79Q9NaYta3Z8qcDwaaG9cp_hgy4cKLewD0=). **Investor Contact** Jen RobinsonVerve Therapeutics, Inc. [[email protected]](https://www.globenewswire.com/Tracker?data=WAGLxaiBqYRFKCVPVqdB70ETxfXfQLsYs9tZ05HRkJNKxT_-w2gNbOK4EInuMX_gQ_evyC1JGRBpOkkDOkAa5CQVPoC7wss9Gvo-bHaqXegBPTFInAu6lszohLe0-aagZC2sq9U2vQS7lPzGwgjWdc1hFt3qnijK7N4zJeNtD7_yqKP3WuO_JzxiO_AR6PY-3dpaxfxs9Asec95DIIcMBJogD46KPVyAKo89LSN-5nS-BdrAfKg0oETgA3jrdUEqVhDPFhYFTCiwC0tvZVSrCg==) **Media Contact** Ashlea Kosikowski1AB [[email protected]](https://www.globenewswire.com/Tracker?data=V7bvwL2D4Q-XSxvObm7qmCTmo8P8Fkaeoul5QABGSyH-l2CARVNVC2zR84UNYm5sv03EAMrh9m4QS21hpsG5QtZCueP41Utods6aGzx3KL2lE8812cRcAt2RxyBvBTbYu_IPTDlPReT_RIIg-Af3WK1nAWZBCj3oEW-aPvYfofcwGkd1XljjBAtGrHcGrRFR5g31ROt-b0CHGddR0SMxKJ9lSRT0m20iBFQlNOE1tO-EVyBsaDkzjYyHcwqqCgleWw5LUgVMQk57YpMVYaTBqQ==) [Image](https://www.globenewswire.com/newsroom/ti?nf=OTE5ODM3MCM2NDA1Nzg3IzIyMDM3MjA=) [Image](https://ml.globenewswire.com/media/OThiMDgzOWItMmYyNy00OTI2LTlhZmYtMzZiNmUxZGZiOTM5LTEyMTUyNzM=/tiny/Verve-Therapeutics.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/2a4edc4b-98df-4e32-ade8-159b39872434) Source: Verve Therapeutics | Verve Therapeutics Announces Inducement Grants under Nasdaq Listing Rule 5635(c)(4) | Press Release | Symbol Press Release | Symbol | 0.0554 | 7.53579 | 7.06796 | 7.14922 | 6.66136 | 6.66872 | 6.69227 | 6.68528 | 6.66627 | 6.51473 | 6.29843 | 6.18258 | 6.24009 | 6.26079 | 6.02106 | 6.00526 | 6.31721 | 4.48521 | 6.67989 |
ZIP | ZipRecruiter, Inc. | Technology | Computer Software: Programming Data Processing | https://www.nasdaq.com/press-release/ziprecruiter-announces-board-directors-nomination-2024-08-02 | 2024-08-02 16:10:00 | Unknown | SANTA MONICA, Calif.--(BUSINESS WIRE)-- [ZipRecruiter](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Fwww.ziprecruiter.com%2F&esheet=54103731&newsitemid=20240802622168&lan=en-US&anchor=ZipRecruiter&index=1&md5=691b842575c2b13e951ca5876580f0a5)® (NYSE: ZIP), a leading online employment marketplace, today announced the appointment of Mike Gupta to the company’s Board of Directors (the “Board”) and the resignation of Eric Liaw from his position as a member of the Board, both effective July 31, 2024. Mike Gupta will also serve as a member of ZipRecruiter’s Audit Committee.“Mike has proven to be a strategic and innovative leader throughout his career, and we’re thrilled to welcome him to our Board,” said Ian Siegel, CEO of ZipRecruiter. “His wealth of experience in the tech industry and strong financial acumen make him a fantastic addition to our team. Having held executive leadership roles across multiple iconic tech brands, Mike will bring an invaluable perspective that will help us on our path to fundamentally change how employers and job seekers interact.”“I also want to extend my gratitude to Eric for his dedicated support of ZipRecruiter over the past several years. We wish him all the best in his future pursuits,” added Siegel.Mike Gupta has served as the Chief Financial Officer (CFO) of Calm.com, Inc., a consumer internet company, since May 2022 and as an Operating Advisor to venture capital firm DCM Ventures, since October 2021. From March 2019 to May 2022, he was CFO at Plenty Unlimited Inc., a vertical farming company. Prior to Plenty, he served as CFO at application development company Docker, Inc., from 2015 to 2018. Mr. Gupta also held multiple leadership roles, including that of CFO, during his time at Twitter, Inc. (now known as X. Corp) from 2012 to 2015. He holds a B.S. in Accounting and Economics from the New York University Stern School of Business and an M.B.A. from the University of Chicago Booth School of Business. Mr. Gupta was selected to serve on the Board because of his financial expertise and his experience as an executive officer in the technology industry. **About ZipRecruiter** ZipRecruiter® (NYSE: ZIP) is a leading online employment marketplace that actively connects people to their next great opportunity. ZipRecruiter’s powerful matching technology improves the job search experience for job seekers and helps businesses of all sizes find and hire the right candidates quickly. ZipRecruiter has been the #1 rated job search app on iOS & Android for the past seven years1 and is rated the #1 employment job site by G2.2 For more information, visit [www.ziprecruiter.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.ziprecruiter.com&esheet=54103731&newsitemid=20240802622168&lan=en-US&anchor=www.ziprecruiter.com&index=2&md5=3ec36dbf4fde820cd6e71fb3128d1bc5). \begin{table}{|c|c|c|} \hline 1 & & Based on job seeker app ratings, during the period of January 2017 to January 2024 from AppFollow for ZipRecruiter, CareerBuilder, Glassdoor, Indeed, LinkedIn, and Monster. \\ \hline 2 & & Based on G2 satisfaction ratings as of December 18, 2023. \\ \hline \end{table} [Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20240802622168r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20240802622168/en/](https://www.businesswire.com/news/home/20240802622168/en/) **Investors:**Drew Haroldson The Blueshirt Group, for ZipRecruiter [[email protected]](mailto:[email protected])**Corporate Communications:**Claire Walsh Press Relations [[email protected]](mailto:[email protected]) Source: ZipRecruiter, Inc. | ZipRecruiter Announces Board of Directors Nomination | Press Release | Symbol Press Release | Symbol | 0.0554 | 9.19226 | 9.11806 | 9.10825 | 8.40495 | 8.40495 | 8.40495 | 8.40495 | 8.40495 | 8.40495 | 8.37805 | 8.24164 | 8.39311 | 8.39925 | 8.12764 | 8.10096 | 8.03258 | 8.71727 | 9.53534 |
HLX | Helix Energy Solutions Group, Inc. | Energy | Oilfield Services/Equipment | https://www.nasdaq.com/press-release/helix-extends-its-revolving-credit-facility-2024-08-02 | 2024-08-02 16:10:00 | Unknown | HOUSTON--(BUSINESS WIRE)-- Helix Energy Solutions Group, Inc. ("Helix") (NYSE: HLX) announced today that it has amended its existing asset-based revolving credit facility (the “ABL Facility”) as of August 2, 2024. The amendment extends the term of the ABL Facility from September 30, 2026 to August 2, 2029 subject to earlier senior debt maturities, and increases the letter of credit basket size from $20 million to $55 million.Erik Staffeldt, Executive Vice President and Chief Financial Officer of Helix, commented, “We are pleased to have amended our ABL Facility. The increased letter of credit basket size provides us with financial flexibility to address operational bonding requirements, including for our upcoming campaign in Nigeria on the Q4000. The extension of the term of the facility aligns with our new, simplified capital structure that has no significant debt maturities until 2029. We appreciate the support of our lenders.”Bank of America, N.A. continues to serve as Administrative Agent for the ABL Facility.About Helix Helix Energy Solutions Group, Inc., headquartered in Houston, Texas, is an international offshore energy services company that provides specialty services to the offshore energy industry, with a focus on well intervention, robotics and decommissioning operations. Our services are key in supporting a global energy transition by maximizing production of existing oil and gas reserves, decommissioning end-of-life oil and gas fields and supporting renewable energy developments. For more information about Helix, please visit our website at [www.helixesg.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.helixesg.com&esheet=54103712&newsitemid=20240802510059&lan=en-US&anchor=www.helixesg.com&index=1&md5=6b3f4bf11ff18ab1f28736eba6db26b8).Forward-Looking Statements This press release contains forward-looking statements that involve risks, uncertainties and assumptions that could cause our results to differ materially from those expressed or implied by such forward-looking statements. All statements, other than statements of historical fact, are "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, including, without limitation, any statements regarding: the ABL Facility and any amendment or extension thereof, our plans, strategies and objectives for future operations; any projections of financial items including projections as to guidance and other outlook information; future operations expenditures; our ability to enter into, renew and/or perform commercial contracts; the spot market; our current work continuing; visibility and future utilization; our protocols and plans; energy transition or energy security; our spending and cost management efforts and our ability to manage changes; oil price volatility and its effects and results; our ability to identify, effect and integrate mergers, acquisitions, joint ventures or other transactions, including the integration of the Alliance acquisition and any subsequently identified legacy issues with respect thereto; developments; any financing transactions or arrangements or our ability to enter into such transactions or arrangements; our sustainability initiatives; future economic conditions or performance; our share repurchase program or execution; any statements of expectation or belief; and any statements of assumptions underlying any of the foregoing. Forward-looking statements are subject to a number of known and unknown risks, uncertainties and other factors that could cause results to differ materially from those in the forward-looking statements, including but not limited to market conditions and the demand for our services; volatility of oil and natural gas prices; results from mergers, acquisitions, joint ventures or similar transactions; results from acquired properties; our ability to secure and realize backlog; the performance of contracts by customers, suppliers and other counterparties; actions by governmental and regulatory authorities; operating hazards and delays, which include delays in delivery, chartering or customer acceptance of assets or terms of their acceptance; the effectiveness of our sustainability initiatives and disclosures; human capital management issues; complexities of global political and economic developments; geologic risks; and other risks described from time to time in our filings with the Securities and Exchange Commission ("SEC"), including our most recently filed Annual Report on Form 10-K, which are available free of charge on the SEC's website at [www.sec.gov](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sec.gov&esheet=54103712&newsitemid=20240802510059&lan=en-US&anchor=www.sec.gov&index=2&md5=04c2b1720184ec00e8fd64d81a779d21). We assume no obligation and do not intend to update these forward-looking statements, which speak only as of their respective dates, except as required by law.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20240802510059r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20240802510059/en/](https://www.businesswire.com/news/home/20240802510059/en/) Erik Staffeldt, Executive Vice President and CFO Ph: 281-618-0465 email: [[email protected]](mailto:[email protected]) Source: Helix Energy Solutions Group, Inc. | Helix Extends its Revolving Credit Facility | Press Release | Symbol Press Release | Symbol | 0.0554 | 12.51 | 11.5867 | 11.8155 | 11.241 | 11.2412 | 11.2406 | 11.2412 | 11.2415 | 11.2422 | 10.7698 | 10.7305 | 10.56 | 10.409 | 10.1456 | 10.1438 | 10.2104 | 10.8637 | 11.2093 |
OMCL | Omnicell, Inc. | Technology | Computer Manufacturing | https://www.nasdaq.com/articles/barclays-upgrades-omnicell-omcl | 2024-08-02 16:11:00 | Unknown | Fintel reports that on August 2, 2024, Barclays upgraded their [outlook](https://fintel.io/sfo/us/omcl?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=barclays-upgrades-omnicell-omcl-710) for Omnicell ([NasdaqGS:OMCL](https://fintel.io/s/us/omcl?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=barclays-upgrades-omnicell-omcl-710))) from **Underweight** to **Equal-Weight**. **Analyst Price Forecast Suggests 10.73% Downside** As of July 24, 2024, the average one-year [price target](https://fintel.io/sfo/us/omcl?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=barclays-upgrades-omnicell-omcl-710) for Omnicell is $34.68/share. The forecasts range from a low of $26.26 to a high of $42.00. The average price target represents a decrease of 10.73% from its latest reported closing price of $38.85 / share. See our [leaderboard of companies](https://fintel.io/sfo?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=barclays-upgrades-omnicell-omcl-710) with the largest price target upside. The projected annual revenue for Omnicell is 1,495MM, an increase of 35.58%. The projected annual non-GAAP [EPS](https://fintel.io/seps/us/omcl?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=barclays-upgrades-omnicell-omcl-710) is 3.43. **What is the Fund Sentiment?** There are [595 funds or institutions reporting positions](https://fintel.io/so/us/omcl?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=barclays-upgrades-omnicell-omcl-710) in Omnicell. This is an decrease of 35 owner(s) or 5.56% in the last quarter. Average portfolio weight **of all funds** dedicated to OMCL is 0.12%, an increase of 104.93%. Total shares owned by institutions increased in the last three months by 1.41% to 53,982K shares. [OMCL / Omnicell, Inc. Put/Call Ratios](https://images.fintel.io/us-omcl-put-call-ratio-chart.png) The [put/call ratio](https://fintel.io/sopt/us/omcl?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=barclays-upgrades-omnicell-omcl-710) of OMCL is 0.22, indicating a bullish outlook. **What are Other Shareholders Doing?** [OMCL / Omnicell, Inc. Shares Held by Institutions](https://images.fintel.io/us-omcl-so.png) IJR - iShares Core S&P Small-Cap ETF holds 3,083K shares representing 6.71% ownership of the company. In its prior filing, the firm reported owning 3,043K shares , representing **an increase** of 1.29%. The firm **decreased** its portfolio allocation in OMCL by 24.63% over the last quarter. Cadian Capital Management holds 2,321K shares representing 5.05% ownership of the company. In its prior filing, the firm reported owning 65K shares , representing **an increase** of 97.20%. The firm **increased** its portfolio allocation in OMCL by 2,375.24% over the last quarter. Champlain Investment Partners holds 1,753K shares representing 3.82% ownership of the company. In its prior filing, the firm reported owning 1,512K shares , representing **an increase** of 13.76%. The firm **decreased** its portfolio allocation in OMCL by 13.01% over the last quarter. CALF - Pacer US Small Cap Cash Cows 100 ETF holds 1,653K shares representing 3.60% ownership of the company. In its prior filing, the firm reported owning 1,238K shares , representing **an increase** of 25.12%. The firm **decreased** its portfolio allocation in OMCL by 8.98% over the last quarter. Pacer Advisors holds 1,562K shares representing 3.40% ownership of the company. In its prior filing, the firm reported owning 1,058K shares , representing **an increase** of 32.25%. The firm **decreased** its portfolio allocation in OMCL by 6.87% over the last quarter. **Omnicell Background Information** (This description is provided by the company.) Since 1992, Omnicell has been committed to transforming the pharmacy care delivery model to dramatically improve outcomes and lower costs. Through the vision of the autonomous pharmacy, a combination of automation, intelligence, and technology-enabled services, powered by a cloud data platform, Omnicell supports more efficient ways to manage medications across all care settings. Over 7,000 facilities worldwide use Omnicell automation and analytics solutions to help increase operational efficiency, reduce medication errors, deliver actionable intelligence, and improve patient safety. More than 50,000 institutional and retail pharmacies across North America and the United Kingdom leverage Omnicell's innovative medication adherence and population health solutions to improve patient engagement and adherence to prescriptions, helping to reduce costly hospital readmissions. Fintel is one of the most comprehensive investing research platforms available to individual investors, traders, financial advisors, and small hedge funds.Our data covers the world, and includes fundamentals, analyst reports, ownership data and fund sentiment, options sentiment, insider trading, options flow, unusual options trades, and much more. Additionally, our exclusive stock picks are powered by advanced, backtested quantitative models for improved profits. [Click to Learn More](https://fintel.io/premium?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=barclays-upgrades-omnicell-omcl-710) This story originally appeared on [Fintel](https://fintel.io/news/barclays-upgrades-omnicell-omcl-710?utm_source=nasdaq.com&utm_medium=referral&utm_campaign=barclays-upgrades-omnicell-omcl-710). | Barclays Upgrades Omnicell (OMCL) | News | Fintel | George Maybach | 0.0554 | 29.2498 | 29.0765 | 31.0946 | 38.6832 | 39.1495 | 39.0062 | 39.1933 | 39.2572 | 39.325 | 38.0108 | 38.8779 | 39.4702 | 39.0749 | 37.4409 | 37.3015 | 40.5273 | 41.3104 | 44.5514 |
ESTA | Establishment Labs Holdings Inc. | Health Care | Industrial Specialties | https://www.nasdaq.com/articles/esta-makes-notable-cross-below-critical-moving-average-0 | 2024-08-02 16:14:00 | Markets | In trading on Friday, shares of Establishment Labs Holdings Inc (Symbol: ESTA) crossed below their 200 day moving average of $40.69, changing hands as low as $37.29 per share. Establishment Labs Holdings Inc shares are currently trading down about 11.2% on the day. The chart below shows the one year performance of ESTA shares, versus its 200 day moving average: [Establishment Labs Holdings Inc 200 Day Moving Average Chart](https://secure.tickertech.com/pics/2024/20035991921.gif) Looking at the chart above, ESTA's low point in its 52 week range is $16.96 per share, with $68.44 as the 52 week high point — that compares with a last trade of $37.95. [Image](https://www.dividendchannel.com/nslideshow.gif) [Click here to find out which 9 other stocks recently crossed below their 200 day moving average »](https://www.marketnewsvideo.com/slideshows/ten-stocks-below-200-dma/) **Also see:** [Energy Dividend Stock List](https://www.dividendchannel.com/energy-dividend-stock-list/) [Funds Holding IVT](https://www.holdingschannel.com/funds/holding-ivt/) [XSPA Videos](https://www.marketnewsvideo.com/symbol/xspa/) | ESTA Makes Notable Cross Below Critical Moving Average | News | BNK Invest | BNK Invest | 0.0554 | 48.9648 | 45.5707 | 45.1752 | 42.1498 | 42.1511 | 42.1495 | 42.1495 | 42.1495 | 42.0085 | 40.8425 | 39.3956 | 37.5503 | 37.738 | 37.1468 | 37.0082 | 35.0212 | 42.22 | 44.9442 |
AVDX | AvidXchange Holdings, Inc. | Technology | Computer Software: Prepackaged Software | https://www.nasdaq.com/press-release/avidxchange-participate-upcoming-investor-conferences-2024-08-02 | 2024-08-02 16:16:00 | Unknown | CHARLOTTE, N.C., Aug. 02, 2024 (GLOBE NEWSWIRE) -- AvidXchange Holdings, Inc. (Nasdaq: AVDX), a leading provider of accounts payable (AP) automation software and payment solutions for middle market businesses and their suppliers, today announced that members of the management team will participate in the following investor conferences: - KeyBanc Technology Leadership Forum on Monday, August 5, 2024. The presentation is scheduled to begin at 9:00 AM MT. - SIG Get Carded: A Payments & Internet Finance Conference on Tuesday, August 13, 2024. - Seaport Financials and Fintech Conference on Thursday, August 15, 2024. A live webcast of the presentation at the KeyBanc Technology Leadership Forum will be available on the Events page of the AvidXchange investor relations website at [https://ir.avidxchange.com/](https://www.globenewswire.com/Tracker?data=5r7qlTXWI594IwEm9k3M9-Rl9VZUnuMtRucitirGDRpRmSQLWvMhdk9mijO9tEWjvwZvEjSLUHbGmjjVmmeSDLGr_STFRiuTQe7J14Y_zbVePc4dSBxNpuy4kdHHocHY0Yu7UWBYFyezcPTQjJ_3GqABChiN5IdHS1N4g9c1k23ViGBw6WkGTrdCPjNj_erXhVeRx5e9W9jAyN2J5SpJzcKLcFtrAgRBmq98Ul2SRR_jw5avK_7QBniwXzvt_dEdPcSffpIOz7M8g-YVzF0zBg==). A replay of the webcast will also be available for a limited time. **About AvidXchange™** AvidXchange is a leading provider of accounts payable (“AP”) automation software and payment solutions for middle market businesses and their suppliers. AvidXchange’s software-as-a-service-based, end-to-end software and payment platform digitizes and automates the AP workflows for more than 8,000 businesses and it has made payments to more than 1,200,000 supplier customers of its buyers over the past five years. To learn more about how AvidXchange is transforming the way companies pay their bills, visit [www.AvidXchange.com](https://www.globenewswire.com/Tracker?data=D4e8HVt6L9qQ80KNby1Sv936tOhALDyDDBxQVJfkWuU35HzoyA3LMiaGZVd4OA7S6-HUk0613T9KLqv7Ow2cwhR5_nvps8tIa98zTiZ4_YQ=). **Investor Contact:**Subhaash Kumar [[email protected]](https://www.globenewswire.com/Tracker?data=uOQs_DNL4VXMuT1tw38Rk-rg_1bzPAtw7zzVKaFNk-6sVLn3hmFIWXOJj2on6_Oi-FvBr1F0XckaWtieqxM3lRK-_SwfzokLumBKcqGRLCw=)813-760-2309 [Image](https://www.globenewswire.com/newsroom/ti?nf=OTE5ODQ5OCM2NDA1MTQwIzIxOTUwMDA=) [Image](https://ml.globenewswire.com/media/Mzg5M2IyODgtZjQwNS00YjE3LTgzNzItYTU2YWFiYzU2OWI4LTEyMDY1NTM=/tiny/AvidXchange.png)[](https://www.globenewswire.com/NewsRoom/AttachmentNg/fa56700d-6114-439a-8e6a-00b3cee83675) Source: AvidXchange | AvidXchange to Participate in Upcoming Investor Conferences | Press Release | Symbol Press Release | Symbol | 0.0554 | 12.4021 | 12.0955 | 9.04235 | 8.26725 | 8.26633 | 8.26725 | 8.26791 | 8.06837 | 8.103 | 7.85061 | 7.87201 | 7.83 | 7.8231 | 7.68022 | 7.6724 | 7.78699 | 8.33264 | 8.04298 |
ATXS | Astria Therapeutics, Inc. | Health Care | Biotechnology: Pharmaceutical Preparations | https://www.nasdaq.com/press-release/astria-therapeutics-announces-inducement-grants-under-nasdaq-listing-rule-5635c4-19 | 2024-08-02 16:16:00 | Unknown | BOSTON--(BUSINESS WIRE)-- [Astria Therapeutics, Inc.](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.astriatx.com%2F&esheet=54103650&newsitemid=20240802889453&lan=en-US&anchor=Astria+Therapeutics%2C+Inc.&index=1&md5=86d1c48818c37961d53a229a76a57e43) (Nasdaq:ATXS), a biopharmaceutical company focused on developing life-changing therapies for allergic and immunological diseases, granted stock options to purchase 29,150 shares of Astria’s common stock on August 1, 2024 under Astria’s 2022 Inducement Stock Incentive Plan. The 2022 Inducement Stock Incentive Plan is used exclusively for the grant of equity awards to individuals who were not previously an employee of Astria.The options were granted as an inducement material to two employees entering into employment with Astria in accordance with Nasdaq Listing Rule 5635(c)(4). The options have an exercise price of $11.19, which is equal to the closing price of Astria’s common stock on August 1, 2024 (the “Grant Date”), and will vest over a four-year period, with 25% of shares vesting on the first anniversary of the employee’s employment start date (which preceded the Grant Date) and the remaining shares vesting monthly on a ratable basis over the following 36 months, subject to the employee’s continued employment with Astria on such vesting dates. The options are subject to the terms and conditions of the 2022 Inducement Stock Incentive Plan and the terms and conditions of an award agreement covering the grant. **About Astria Therapeutics:**Astria Therapeutics is a biopharmaceutical company, and our mission is to bring life-changing therapies to patients and families affected by allergic and immunological diseases. Our lead program, STAR-0215, is a monoclonal antibody inhibitor of plasma kallikrein in clinical development for the treatment of hereditary angioedema. Our second program, STAR-0310, is a monoclonal antibody OX40 antagonist in preclinical development for the treatment of atopic dermatitis. Learn more about our company on our website, [www.astriatx.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.astriatx.com&esheet=54103650&newsitemid=20240802889453&lan=en-US&anchor=www.astriatx.com&index=2&md5=d9bf6a365d4d4688dc4d3cbf7b43de37), or follow us on X and Instagram @AstriaTx and on Facebook and LinkedIn.[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20240802889453r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20240802889453/en/](https://www.businesswire.com/news/home/20240802889453/en/) **Investor Relations and Media:**Elizabeth Higgins [[email protected]](mailto:[email protected]) Source: Astria Therapeutics, Inc. | Astria Therapeutics Announces Inducement Grants Under Nasdaq Listing Rule 5635(c)(4) | Press Release | Symbol Press Release | Symbol | 0.0554 | 12.279 | 11.556 | 11.6573 | 10.7914 | 10.7909 | 10.7903 | 10.7921 | 10.7891 | 10.7891 | 10.7497 | 10.3166 | 10.45 | 10.4661 | 10.1216 | 10.0643 | 10.0472 | 11.3776 | 12.2955 |
AMC | AMC Entertainment Holdings, Inc. | Consumer Discretionary | Movies/Entertainment | https://www.nasdaq.com/press-release/amc-entertainment-holdings-inc-reports-second-quarter-2024-results-2024-08-02 | 2024-08-02 16:20:00 | Unknown | LEAWOOD, Kan.--(BUSINESS WIRE)-- AMC Entertainment Holdings, Inc. (NYSE: AMC) (“AMC” or “the Company”) today reported results for the second quarter ended June 30, 2024, which have been posted to the Investor Relations section of AMC’s website at [https://investor.amctheatres.com/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.amctheatres.com%2F&esheet=54103816&newsitemid=20240802392133&lan=en-US&anchor=https%3A%2F%2Finvestor.amctheatres.com%2F&index=1&md5=c7d646aa7a8ec498f0b6908da8d669d6).This press release features multimedia. View the full release here: [https://www.businesswire.com/news/home/20240802392133/en/](https://www.businesswire.com/news/home/20240802392133/en/) The Company will host a live webcast for investors and other interested parties on August 2, 2024, at 4:00 PM CDT/5:00 PM EDT. The live webcast can be accessed through the Investor Relations section of AMC’s website at [https://investor.amctheatres.com/](https://cts.businesswire.com/ct/CT?id=smartlink&url=https%3A%2F%2Finvestor.amctheatres.com%2F&esheet=54103816&newsitemid=20240802392133&lan=en-US&anchor=https%3A%2F%2Finvestor.amctheatres.com%2F&index=2&md5=1e3676c544dc016e6f61e968c4fce5b1). An archive of the webcast will be available on the Company’s website after the webcast for a limited time. **About AMC Entertainment Holdings, Inc. **AMC is the largest movie exhibition company in the United States, the largest in Europe and the largest throughout the world with approximately 900 theatres and 10,000 screens across the globe. AMC has propelled innovation in the exhibition industry by: deploying its Signature power-recliner seats; delivering enhanced food and beverage choices; generating greater guest engagement through its loyalty and subscription programs, website, and mobile apps; offering premium large format experiences and playing a wide variety of content including the latest Hollywood releases and independent programming. In addition, in 2023 AMC launched AMC Theatres Distribution with the highly successful releases of TAYLOR SWIFT | THE ERAS TOUR and RENAISSANCE: A FILM BY BEYONCÉ. AMC Theatres Distribution expects to release more concert films with the world’s leading musical artists in the years ahead. For more information, visit [www.amctheatres.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.amctheatres.com&esheet=54103816&newsitemid=20240802392133&lan=en-US&anchor=www.amctheatres.com&index=3&md5=20630e652f9a7237e8cf92a19694267b).Category: Company Release [Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20240802392133r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20240802392133/en/](https://www.businesswire.com/news/home/20240802392133/en/) **INVESTOR RELATIONS:**John Merriwether, 866-248-3872 [[email protected]](mailto:[email protected])**MEDIA CONTACTS:**Ryan Noonan, (913) 213-2183 [[email protected]](mailto:[email protected]) Source: AMC Entertainment Holdings, Inc. | AMC Entertainment Holdings, Inc. Reports Second Quarter 2024 Results | Press Release | Symbol Press Release | Symbol | 0.0554 | 5.21402 | 5.1722 | 5.27901 | 5.04 | 5.03908 | 5.02092 | 5.00804 | 4.99494 | 5.09823 | 5.02611 | 4.95854 | 4.95854 | 4.9547 | 4.84753 | 4.6477 | 5.01564 | 4.99462 | 4.83 |
XRX | Xerox Holdings Corporation | Technology | Computer peripheral equipment | https://www.nasdaq.com/articles/notable-friday-option-activity-pypl-xrx-btu | 2024-08-02 16:24:00 | PYPL|Markets|BTU | Looking at options trading activity among components of the Russell 3000 index, there is noteworthy activity today in PayPal Holdings Inc (Symbol: PYPL), where a total volume of 174,810 contracts has been traded thus far today, a contract volume which is representative of approximately 17.5 million underlying shares (given that every 1 contract represents 100 underlying shares). That number works out to 135.7% of PYPL's average daily trading volume over the past month, of 12.9 million shares. Particularly high volume was seen for the [$64 strike call option expiring August 02, 2024](https://www.stockoptionschannel.com/symbol/?symbol=PYPL&month=20240802&type=call&contract=64.00), with 9,475 contracts trading so far today, representing approximately 947,500 underlying shares of PYPL. Below is a chart showing PYPL's trailing twelve month trading history, with the $64 strike highlighted in orange: [Loading+chart+—+2024+TickerTech.com](https://www.tickertech.net/pics/2024/25291613331.gif) Xerox Holdings Corp (Symbol: XRX) options are showing a volume of 28,625 contracts thus far today. That number of contracts represents approximately 2.9 million underlying shares, working out to a sizeable 114% of XRX's average daily trading volume over the past month, of 2.5 million shares. Particularly high volume was seen for the [$7 strike put option expiring January 17, 2025](https://www.stockoptionschannel.com/symbol/?symbol=XRX&month=20250117&type=put&contract=7.00), with 16,000 contracts trading so far today, representing approximately 1.6 million underlying shares of XRX. Below is a chart showing XRX's trailing twelve month trading history, with the $7 strike highlighted in orange: [Loading+chart+—+2024+TickerTech.com](https://www.tickertech.net/pics/2024/25291613332.gif) And Peabody Energy Corp (Symbol: BTU) saw options trading volume of 24,135 contracts, representing approximately 2.4 million underlying shares or approximately 110.9% of BTU's average daily trading volume over the past month, of 2.2 million shares. Especially high volume was seen for the [$30 strike call option expiring October 18, 2024](https://www.stockoptionschannel.com/symbol/?symbol=BTU&month=20241018&type=call&contract=30.00), with 10,053 contracts trading so far today, representing approximately 1.0 million underlying shares of BTU. Below is a chart showing BTU's trailing twelve month trading history, with the $30 strike highlighted in orange:[Loading+chart+—+2024+TickerTech.com](https://www.tickertech.net/pics/2024/25291613333.gif) For the various different available expirations for [PYPL options](https://www.stockoptionschannel.com/symbol/pypl/), [XRX options](https://www.stockoptionschannel.com/symbol/xrx/), or [BTU options](https://www.stockoptionschannel.com/symbol/btu/), visit StockOptionsChannel.com. [Image](https://www.dividendchannel.com/nslideshow.gif) [Today's Most Active Call & Put Options of the S&P 500 »](https://www.stockoptionschannel.com/slideshows/call-options-put-options/) **Also see:** [OCCI market cap history](https://www.marketcaphistory.com/occi/) [MOTS Insider Buying](https://www.holdingschannel.com/insider-buying/mots-insider-buying/) [Top Ten Hedge Funds Holding BPT](https://www.holdingschannel.com/hedge-funds/holding-bpt/) | Notable Friday Option Activity: PYPL, XRX, BTU | News | BNK Invest | BNK Invest | 0.0554 | 11.1316 | 11.1858 | 10.7497 | 10.301 | 10.2823 | 10.282 | 10.2807 | 10.2647 | 10.2653 | 10.2048 | 10.2211 | 10.1 | 10.0954 | 10.0117 | 10.0042 | 9.71412 | 10.3386 | 11.3325 |
DAWN | Day One Biopharmaceuticals, Inc. | Health Care | Biotechnology: Pharmaceutical Preparations | https://www.nasdaq.com/articles/day-one-biopharmaceuticals-breaks-below-200-day-moving-average-notable-dawn | 2024-08-02 16:30:00 | Markets | In trading on Friday, shares of Day One Biopharmaceuticals Inc (Symbol: DAWN) crossed below their 200 day moving average of $14.13, changing hands as low as $13.34 per share. Day One Biopharmaceuticals Inc shares are currently trading off about 2.5% on the day. The chart below shows the one year performance of DAWN shares, versus its 200 day moving average: [Day One Biopharmaceuticals Inc 200 Day Moving Average Chart](https://secure.tickertech.com/pics/2024/23074375141.gif) Looking at the chart above, DAWN's low point in its 52 week range is $9.67 per share, with $18.0699 as the 52 week high point — that compares with a last trade of $13.90. [Image](https://www.dividendchannel.com/nslideshow.gif) [Click here to find out which 9 other stocks recently crossed below their 200 day moving average »](https://www.marketnewsvideo.com/slideshows/ten-stocks-below-200-dma/) **Also see:** [Largest BDCs by Net Assets](https://www.bdcinvestor.com/screens/largest-bdcs-by-size/) [LOGX Options Chain](https://www.stockoptionschannel.com/symbol/logx/) [Top Ten Hedge Funds Holding BTOP](https://www.holdingschannel.com/hedge-funds/holding-btop/) | Day One Biopharmaceuticals Breaks Below 200-Day Moving Average - Notable for DAWN | News | BNK Invest | BNK Invest | 0.0554 | 16.0297 | 15.3225 | 14.8988 | 14.057 | 14.057 | 14.057 | 14.0594 | 14.0594 | 14.0992 | 13.4934 | 13.6426 | 13.9305 | 13.9732 | 13.0262 | 12.9977 | 13.9237 | 14.1745 | 14.1061 |
VECO | Veeco Instruments Inc. | Technology | Industrial Machinery/Components | https://www.nasdaq.com/articles/veeco-instruments-becomes-oversold-veco | 2024-08-02 16:33:00 | Markets | Legendary investor Warren Buffett advises to be fearful when others are greedy, and be greedy when others are fearful. One way we can try to measure the level of fear in a given stock is through a technical analysis indicator called the Relative Strength Index, or RSI, which measures momentum on a scale of zero to 100. A stock is considered to be oversold if the RSI reading falls below 30. In trading on Friday, shares of Veeco Instruments Inc (Symbol: VECO) entered into oversold territory, hitting an RSI reading of 29.4, after changing hands as low as $34.795 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 36.8. A bullish investor could look at VECO's 29.4 RSI reading today as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. The chart below shows the one year performance of VECO shares: [Veeco Instruments Inc 1 Year Performance Chart](https://secure.tickertech.com/pics/2024/939575599A1.gif) Looking at the chart above, VECO's low point in its 52 week range is $23.63 per share, with $49.25 as the 52 week high point — that compares with a last trade of $35.26. [Free Report: Top 8%+ Dividends (paid monthly)](https://contrarianoutlook.com/free-monthly-dividend-report/BNKSYNDICATED?source=MNTHLYBNKSYNDICATED=&utm_source=MNTHLYBNKSYNDICATED&utm_medium=articles&utm_campaign=MNTHLYBNKSYNDICATED) [Image](https://www.dividendchannel.com/nslideshow.gif) [Find out what 9 other oversold stocks you need to know about »](https://www.etfchannel.com/slideshows/ten-oversold-stocks/) **Also see:** [Metals Stocks You Can Buy Cheaper Than Insiders Did](https://www.metalschannel.com/slideshows/ten-metals-cheaper-than-insiders/) [IIN Insider Buying](https://www.holdingschannel.com/insider-buying/iin-insider-buying/) [REGN Videos](https://www.marketnewsvideo.com/symbol/regn/) | Veeco Instruments Becomes Oversold (VECO) | News | BNK Invest | BNK Invest | 0.0554 | 40.789 | 40.191 | 42.1577 | 38.1062 | 38.1071 | 38.1142 | 38.0904 | 38.1342 | 37.9443 | 36.4635 | 36.0931 | 36.219 | 35.3013 | 32.175 | 32.0046 | 35.2783 | 38.1065 | 35.6551 |
GOOS | Canada Goose Holdings Inc. | Consumer Discretionary | Apparel | https://www.nasdaq.com/press-release/canada-goose-announces-election-directors-2024-08-02 | 2024-08-02 16:33:00 | Unknown | TORONTO--(BUSINESS WIRE)-- Canada Goose Holdings Inc. (NYSE, TSX: GOOS) announced today the voting results from its annual meeting of shareholders (the “Meeting”) held on August 2, 2024.At the Meeting, all the nominees for election as directors listed in the Company's management information circular dated June 17, 2024, were elected by a majority of the votes cast by shareholders virtually present or represented by proxy at the Meeting. The voting results for each nominee are as follows: \begin{table}{|c|c|c|c|c|} \hline Nominee & & Percentage of Votes For & & Percentage of Votes Withheld \\ \hline Michael D. Armstrong & & 99.40% & & 0.60% \\ \hline Jodi Butts & & 99.26% & & 0.74% \\ \hline Maureen Chiquet & & 99.12% & & 0.88% \\ \hline Ryan Cotton & & 98.25% & & 1.75% \\ \hline Jennifer Davis & & 99.92% & & 0.08% \\ \hline John Davison & & 99.97% & & 0.03% \\ \hline Stephen Gunn & & 99.42% & & 0.58% \\ \hline Dani Reiss & & 98.57% & & 1.43% \\ \hline Gary Saage & & 99.97% & & 0.03% \\ \hline Belinda Wong & & 99.97% & & 0.03% \\ \hline \end{table} Furthermore, Deloitte LLP was reappointed as the Company's auditor for the ensuing year by a majority of the votes cast by shareholders virtually present or represented by proxy at the Meeting.The full voting results for the above matters are disclosed in the report on voting results of the Company dated August 2, 2024, available on SEDAR+ at [www.sedarplus.ca](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.sedarplus.ca&esheet=54103796&newsitemid=20240802623198&lan=en-US&anchor=www.sedarplus.ca&index=1&md5=35e27204021cc5f4a7159a83c98fdd46) under the Company’s profile. **About Canada Goose** Canada Goose is a performance luxury outerwear, apparel, footwear and accessories brand that inspires all people to thrive in the world outside. We are globally recognized for our commitment to Canadian manufacturing and our high standards of quality, craftsmanship and functionality. We believe in the power of performance, the importance of experience, and that our purpose is to keep the planet cold and the people on it warm. For more information, visit [www.canadagoose.com](https://cts.businesswire.com/ct/CT?id=smartlink&url=http%3A%2F%2Fwww.canadagoose.com&esheet=54103796&newsitemid=20240802623198&lan=en-US&anchor=www.canadagoose.com&index=2&md5=3f055c7682481031345bac144c198c9d).[Image](https://cts.businesswire.com/ct/CT?id=bwnews&sty=20240802623198r1&sid=acqr8&distro=nx&lang=en) View source version on [businesswire.com](http://businesswire.com/):[https://www.businesswire.com/news/home/20240802623198/en/](https://www.businesswire.com/news/home/20240802623198/en/) Investors: [[email protected] ](mailto:[email protected]) Media: [[email protected]](mailto:[email protected]) Source: Canada Goose Holdings Inc. | Canada Goose Announces Election of Directors | Press Release | Symbol Press Release | Symbol | 0.0554 | 11.4828 | 11.5255 | 11.6066 | 10.8651 | 10.8755 | 10.8755 | 10.8651 | 10.8799 | 10.7843 | 10.624 | 10.56 | 10.8701 | 10.6992 | 10.6255 | 10.5245 | 10.5038 | 10.831 | 11.7159 |
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