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Nickel Market Outlook: Australia Edition

Tue, 23 Apr 2024 14:26:10 +0000

2024 Nickel Outlook: Australia Edition

Five times the amount of nickel will be needed to meet global demand by 2025. Fortunes could be made in nickel investments!

The Investing News Network spoke with analysts and market insiders to get their tips and predictions for Australian investors.

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2024 Nickel Outlook: Australia Edition

Nickel Price 2023 Year-End Review

Nickel Price Forecast: Top Trends That Will Impact Nickel in 2024

Nickel Price Update: Q1 2024 in Review

Top 3 ASX Nickel Stocks

Nickel Price 2023 Year-End Review

Nickel soared to its highest price ever in 2022, breaking through US$100,000 per metric ton (MT).

2023 was a different story. As governments worked to combat inflation and investors faced considerable uncertainty, commodities saw a great deal of volatility. Nickel was no exception, especially in the first half of the year.

Ultimately the base metal couldn't hold onto 2022's momentum and has spent the last 12 months trending downward. Read on to learn what trends impacted the nickel sector in 2023, moving supply, demand and pricing.

How did nickel perform in 2023?

Nickel price from January 2, 2023, to December 29, 2023.

Chart via Trading Economics.

Nickel opened 2023 at US$31,238.53 on January 2, riding on the back of momentum that started in Q4 2022, and flirted with the US$31,000 mark again on January 30. As January closed, the metal began to retreat, and by March 22 nickel had reached a quarterly low of US$22,499.53. It made slight gains in April and May, but spent the rest of the year in decline, reaching a yearly low of US$15,843 on November 26. In the final month of the year, the nickel price largely fluctuated between US$16,000 and US$17,000 before closing the year at US$16,375, much lower than where it started.

Despite nickel's return to normal price levels, 2022's rise to more than US$100,000 made more headlines this past year. The substantial increase came after a short squeeze, and the London Metal Exchange (LME) was criticized by some market participants for halting trading and canceling US$12 billion in contracts.

In June 2023, Jane Street Global Trading and hedge fund Elliott Associates filed a lawsuit for US$472 million in compensation for the canceled trades, stating that the LME acted unlawfully. However, judgment came down in favor of the LME on November 29. Elliott Associates has been granted permission to appeal the decision, which it intends to do.

Indonesian supply growth weighs on nickel price

At the end of 2022, analysts were predicting that nickel would enter oversupply territory due to increased production, primarily from Indonesia and China. Speaking to the Investing News Network (INN) at the time, Ewa Manthy of ING commented, "We believe rising output in Indonesia will pressure nickel prices next year."

This prediction came true — production surpluses continued to be a theme in 2023, weighing on prices.

Indonesia continued its aggressive increase in nickel production, more than doubling the 771,000 MT it produced in 2020. A forecast from an Indonesian government official in early December indicates the country is on track to reach production in the 1.65 million to 1.75 million MT range, further adding to a growing supply glut.

In an email to INN, Jason Sappor of S&P Global Commodity Insights said nickel was the worst-performing metal in 2023 due to expanding supply. “We consequently expect the global primary nickel market surplus to expand to 221,000 MT in 2023. This would be the largest global primary nickel market surplus in 10 years, according to our estimates,” he said.

The reason for Indonesia's higher output in recent years is that the country has been working to gain greater value through the production chain, and in 2020 strictly regulated export of raw nickel ore. This decision forced refining and smelting initiatives in the country to ramp up rapidly and brought in foreign investment.

In H2, Indonesia's attempts to combat illegal mining led to delays in its mining output quota application system. While the country originally said it would begin to process applications again in 2024, lack of supply forced steel producers to purchase nickel ore from the Philippines to meet demand, and Indonesia ultimately issued temporary quotas for Q4.

Nickel demand hampered by weak Chinese recovery

Supply is only part of the problem for nickel. Coming into 2023, Manthy suggested demand would be impacted by China’s zero-COVID policy, which had been affecting the country's real estate sector. “China’s relaxation of its COVID policy would have a significant effect on the steel market, and by extension on the nickel market,” she said.

This idea was echoed by analysts at FocusEconomics, who noted, “The resilience of the Chinese economy and the country’s handling of new COVID-19 outbreaks are key factors to watch.”

While China ended its zero-COVID policy in December 2022, the year that followed was less than ideal for the country, with sharp declines in real estate sales and two major developers seeing continued troubles. In August, China Evergrande Group (HKEX:3333) filed for bankruptcy in the US, and at the end of October, Country Garden Holdings (OTC Pink:CTRYF,HKEX:2007) defaulted on its debt. Because the Chinese real estate sector is a major driver of steel demand, this has had a dramatic impact on nickel and is one of the primary causes for its price retreat.

There have also been wider implications for the Chinese economy. Deflation has been triggered in the country as its outsized property sector implodes, with downstream effects for the more than 50 million people employed in the construction industry. Some, including the International Monetary Fund and Japanese officials, have compared the situation in China to Japan in the 1990s, when that country’s housing bubble burst and created economic turmoil.

With uncertainty rife, China’s central bank still isn’t ready to begin cuts on its key five year loan prime interest rate, but it has been working to improve market liquidity to stimulate real estate sector growth. In aid of that, it cut the reserve requirement ratio by 25 basis points twice in 2023, lowering the amount of cash reserves banks have to keep on hand.

So far, these stimulus efforts haven’t had much effect on the real estate market, and its continued struggles have ensured that commodities attached to the sector, including nickel, are still trading at depressed prices. China has vowed to continue to work on its fiscal policy by removing purchasing restrictions on home buying and providing better access to funding for real estate developers.

EVs not boosting nickel price just yet

Nickel is one of many metals that has been labeled as critical to the transition to a low-carbon future. It’s essential as a cathode in the production of electric vehicle (EV) batteries, and when INN spoke to Rodney Hooper of RK Equity at the end of 2022, he noted that people were initially quite conservative on their estimates of EV sales.

However, that's now begun to change. “That’s all turned on its head now. EVs represent a big percentage of nickel demand, and they will continue to rise going forward," Hooper explained at the time.

While the EV outlook remains bright, the sector hasn’t grown fast enough to make up for declining steel sector demand for nickel. And with limited charging infrastructure, range concerns and the effects of higher-for-longer interest rates, EV sales slowed in 2023. The slowdown is welcome news for battery makers as it will allow them time to build out factories and further develop technology, but it’s not good for investors and producers of nickel looking for pricing gains.

Investor takeaway

2023 wasn’t a great year for nickel. It faced increasing supply against lowered demand from both the Chinese real estate sector and slower EV sales. The rebound in the Chinese economy that was hoped for after COVID-19 restrictions were removed never occurred, and instead it has regressed further, pushing into deflationary territory.

Nickel investors may feel a little stung at the close of the year, especially as uncertainty in the market persists.

Don’t forget to follow us @INN_Resource for real-time news updates.

Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.

Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.

Additional information on Australia stock investing — FREE

Nickel Price Forecast: Top Trends That Will Impact Nickel in 2024

Nickel started 2023 high after a rally at the end of 2022, but supply and demand pressures saw the base metal's price decline throughout the year to close nearly 50 percent lower at US$16,375 per metric ton (MT).

Production has increased rapidly in recent years, and oversupply played a big role in nickel's 2023 price dynamics. Indonesia in particular has ramped up its output and now accounts for more than 50 percent of global nickel supply.

Excess supply was compounded by weak demand out of China, which has continued to struggle since ending its zero-COVID policy in January. China's central bank is now working to stimulate the economy to prevent runaway deflation.

What does 2024 have in store for nickel? The Investing News Network (INN) spoke to experts about what could happen to the metal in the next year in terms of supply, demand and price. Read on to learn their thoughts.

Experts call for another nickel surplus in 2024

Nickel is coming into the year with a holdover surplus from 2023. This glut has mainly come from an increase in Class 2, lower-purity nickel produced in Indonesia, but it's also been driven by an increase in the production of Class 1, higher-purity product from China. The former category, which includes nickel pig iron and ferronickel, is used in products such as steel, while the latter is necessary to create nickel sulfate and nickel cathodes for electric vehicles (EVs).

Against that backdrop of higher supply, both nickel products have also faced decreased demand.

The resulting oversupply concerns have been reflected in core metals markets, and Ewa Manthey, commodities strategist at ING, told INN that nickel has the largest short position of the six London Metal Exchange (LME) base metals.

“This buildup is making nickel vulnerable to violent price spikes should inventors unwind their short positions,” she said. This type of situation occurred in 2022, when the nickel price catapulted rapidly to over US$100,000 before the exchange canceled billions of dollars in trades and suspended nickel trading. The LME’s approach to the situation has been criticized, but was recently ruled lawful by London’s High Court of Justice.

The International Nickel Study Group (INSG), an intergovernmental body consisting of government and industry representatives, met in October to discuss the current state and outlook for the nickel market.

At the time, the group forecast that surplus conditions would continue into 2024, with oversupply reaching 239,000 MT on the back of increases in nickel pig iron output from Indonesia. Meanwhile, decreases in nickel pig iron production from China are expected to be offset by increases in nickel cathode and nickel sulfate production.

Even though the INSG expects demand to grow from 3.195 million MT in 2023 to 3.474 million MT in 2024, production is still anticipated to be higher, rising from from 3.417 million MT in 2023 to 3.713 million MT in 2024.

Chinese recovery needed to buoy nickel price

At the outset of 2023, experts thought Chinese demand for nickel would increase as the country ended its strict zero-COVID policy. China's construction industry is a key consumer of nickel, which is used to make stainless steel.

However, the recovery was slower than predicted, and demand from the real estate sector never materialized.

“China’s flagging recovery following COVID lockdowns has hurt the country’s construction sector and has weighed on demand for nickel this year,” Manthey explained to INN.

While the lack of recovery in China’s real estate sector negatively impacted nickel demand and pricing through 2023, according to Fitch Ratings’ China Property Developers Outlook 2024, the country has been targeting cons

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Heartland Express (HTLD) Reports Q1 Loss, Tops Revenue Estimates

Tue, 23 Apr 2024 14:10:03 +0000

Heartland Express (HTLD) came out with a quarterly loss of $0.19 per share versus the Zacks Consensus Estimate of a loss of $0.11. This compares to earnings of $0.16 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -72.73%. A quarter ago, it was expected that this trucking and logistics company would post a loss of $0.10 per share when it actually produced earnings of $0.06, delivering a surprise of 160%.

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

Heartland Express, which belongs to the Zacks Transportation - Truck industry, posted revenues of $270.32 million for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 1.92%. This compares to year-ago revenues of $330.92 million. The company has topped consensus revenue estimates just once 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.

Heartland Express shares have lost about 27.9% since the beginning of the year versus the S&P 500's gain of 5.1%.

What's Next for Heartland Express?

While Heartland Express has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Heartland Express: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.05 on $276.31 million in revenues for the coming quarter and -$0.01 on $1.15 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Transportation - Truck is currently in the bottom 8% 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.

Forward Air (FWRD), another stock in the same industry, has yet to report results for the quarter ended March 2024.

This contractor for the air cargo industry is expected to post quarterly loss of $0.15 per share in its upcoming report, which represents a year-over-year change of -111%. The consensus EPS estimate for the quarter has been revised 2% lower over the last 30 days to the current level.

Forward Air's revenues are expected to be $644 million, up 50.8% from the year-ago quarter.

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NVR (NVR) Q1 Earnings and Revenues Surpass Estimates

Tue, 23 Apr 2024 14:10:03 +0000

NVR (NVR) came out with quarterly earnings of $116.41 per share, beating the Zacks Consensus Estimate of $106.03 per share. This compares to earnings of $99.89 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 9.79%. A quarter ago, it was expected that this homebuilder would post earnings of $118.63 per share when it actually produced earnings of $121.56, delivering a surprise of 2.47%.

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

NVR, which belongs to the Zacks Building Products - Home Builders industry, posted revenues of $2.29 billion for the quarter ended March 2024, surpassing the Zacks Consensus Estimate by 6.13%. This compares to year-ago revenues of $2.13 billion. The company has topped consensus revenue estimates just once 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.

NVR shares have added about 11.5% since the beginning of the year versus the S&P 500's gain of 5.1%.

What's Next for NVR?

While NVR has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?

Ahead of this earnings release, the estimate revisions trend for NVR: favorable. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $126.05 on $2.5 billion in revenues for the coming quarter and $499.45 on $10.07 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Building Products - Home Builders is currently in the top 24% 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.

M/I Homes (MHO), another stock in the same industry, has yet to report results for the quarter ended March 2024. The results are expected to be released on April 24.

This homebuilder is expected to post quarterly earnings of $3.96 per share in its upcoming report, which represents a year-over-year change of +8.8%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

M/I Homes' revenues are expected to be $1.01 billion, up 0.5% from the year-ago quarter.

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Hexcel's (HXL) Q1 Earnings Match Estimates, Sales Miss

Tue, 23 Apr 2024 14:08:00 +0000

Hexcel Corporation HXL reported first-quarter 2024 adjusted earnings of 44 cents per share, which came in line with the Zacks Consensus Estimate.

In the first quarter, Hexcel posted GAAP earnings of 43 cents per share compared to the prior-year quarter’s earnings of 50 cents.

Total Sales

In the first quarter, the company’s net sales totaled $472.3 million, which missed the Zacks Consensus Estimate of $475 million by 0.6%. However, the top line witnessed an improvement of 3.2% from the year-ago quarter’s reported sales of $457.7 million.

The year-over-year improvement can be attributed to sales growth from Commercial Aerospace as well as Space & Defense markets.

Hexcel Corporation Price, Consensus and EPS Surprise

Hexcel Corporation price-consensus-eps-surprise-chart | Hexcel Corporation Quote

Operational Update

Hexcel's gross margin in the first quarter was 25%, which declined from 27.9% in the prior-year period. The improvement in the gross margin was driven by favorable absorption and a favorable sales mix.

Selling, general and administrative (SG&A) expenses declined 3.5% year over year to $49 million in the first quarter. Meanwhile, research and technology expenses for the first quarter of 2024 rose 8.6% year over year to $15.1 million.

HXL’s adjusted operating income was $54.1 million in the quarter compared with $63 million in the year-ago period.

Market Performance

Commercial Aerospace: Net sales increased 5.2% year over year to $299.3 million, driven by increasing widebody sales.

Space and Defense: Net sales rose 10.2% year over year to $139.1 million. This market’s sales increase was led by fixed-wing aircraft programs, including the Lockheed F-35 and Airbus A400M, as well as classified programs.

Industrial: Net sales decreased 27.9% year over year to $33.9 million due to lower sales across all industrial sub-markets.

Financial Details

As of Mar 31, 2024, Hexcel’s cash and cash equivalents were $85.9 million compared with $227 million as of Dec 31, 2023.

The company’s long-term debt totaled $714.6 million as of Mar 31, 2024, up from $699.4 million as of 2023-end.

In the first quarter of 2024, HXL’s cash outflow operating activities was $7 million compared with cash outflow worth $23.4 million in the year-ago period.

Hexcel’s adjusted free cash outflow as of Mar 31, 2024 was $35.7 million compared with $41.5 million in the year-ago period.

Guidance

Hexcel reiterated its guidance for 2024. The company continues to expect to generate sales in the band of $1.925-$2.025 billion in 2024. The Zacks Consensus Estimate, pegged at $1.98 billion, is slightly higher than the midpoint of the company's guidance.

HXL still expects adjusted earnings per share in the range of $2.10-$2.30 in 2024. The Zacks Consensus Estimate, pegged at $2.22 per share, is higher than the company’s guided range.

Hexcel continues to expect to generate free cash flow of more than $200 million in 2024.

Zacks Rank

Hexcel currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Upcoming Q1 Defense Releases

General Dynamics Corporation GD is set to report first-quarter 2024 results on Apr 24 before market open. The Zacks Consensus Estimate for GD’s first-quarter earnings is pegged at $2.95 per share, which indicates an improvement of 11.7% from the prior year quarter’s reported figure.

The Zacks Consensus Estimate for GD’s first quarter sales is pegged at $10.34 billion, which implies an improvement of 4.7% from the prior year quarter’s reported figure.

Northrop Grumman NOC is scheduled to report first-quarter 2024 results on Apr 25 before market open. The Zacks Consensus Estimate for NOC’s first-quarter earnings is pegged at $5.83 per share, which calls for an increase of 6% from the prior year quarter’s reported figure.

The Zacks Consensus Estimate for NOC’s first-quarter sales is pegged at $9.78 billion, which implies an improvement of 5.2% from the prior year quarter’s reported figure.

Textron Inc. TXT is slated to report first-quarter 2024 results on Apr 25 before market open. The Zacks Consensus Estimate for TXT’s first-quarter earnings is pegged at $1.28 per share, which suggests growth of 21.9% from the prior year quarter’s reported figure.

The Zacks Consensus Estimate for TXT’s first-quarter sales is pegged at $3.37 billion, which indicates an improvement of 11.4% from the prior year quarter’s reported figure.

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Northrop Grumman Corporation (NOC): Free Stock Analysis Report

General Dynamics Corporation (GD): Free Stock Analysis Report

Textron Inc. (TXT): Free Stock Analysis Report

Hexcel Corporation (HXL): Free Stock Analysis Report

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Zacks Investment Research

Oil falls back after robust EU data as Mideast tensions linger

Tue, 23 Apr 2024 14:03:36 +0000

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What's in the Offing for Allegion (ALLE) This Earnings Season?

Tue, 23 Apr 2024 14:03:00 +0000

Allegion plc ALLE is scheduled to release first-quarter 2024 results on Apr 25, before market open.

The Zacks Consensus Estimate for the company’s first-quarter 2024 earnings has remained steady in the past 30 days. The company has an impressive earnings surprise history, having outperformed the consensus estimate in each of the preceding four quarters, the average beat being 10.4%.

The consensus estimate for the company’s first-quarter 2024revenues is pegged at $915 million, suggesting a decline of 0.9% from the year-ago quarter’s reported figure. The consensus estimate for the company’s adjusted earnings is pinned at $1.41 per share, indicating a 10.8% decrease from the year-ago quarter’s reported number.

Let’s see how things are shaping up for Allegion this earnings season.

Factors to Note

Lower demand for residential products is expected to have hurt the Allegion Americas segment in the first quarter of 2024. We expect revenues from the segment to decrease 0.8% year over year to $734.9 million in the to-be-reported quarter.

Allegion’s International segment has been exhibiting weakness due to decreasing volumes in the Global Portable Securities business. We expect revenues from the segment to decline 1% year over year to $180.3 million in the first quarter of 2024.

The increasing cost of sales due to escalating raw material costs is likely to have dented ALLE’s bottom line in the to-be-reported quarter. For the quarter, we expect the company’s adjusted earnings to decline 0.3% from the year-ago reported number.

Also, given the company’s extensive geographic presence, its operations are subject to global political risks and foreign exchange headwinds. A stronger U.S. dollar is likely to have partially hurt Allegion's overseas business in the to-be-reported quarter.

However, the acquisition of Boss Door Controls in February 2024 expanded ALLE’s UK Business with a complementary portfolio and broader channel access. The acquisition is expected to have supported the company’s results in the soon-to-be-reported quarter. Also, Allegion acquired Plano Group in January 2023, which expanded its Interflex portfolio and AWFM business with new capabilities in SaaS models and recurring revenue solutions. The Plano Group acquisition is likely to have aided ALLE’s first-quarter results.

Allegion PLC Price and EPS Surprise

Allegion PLC price-eps-surprise | Allegion PLC Quote

Earnings Whispers

Our proven model does not conclusively predict an earnings beat for ALLE this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat, which is not the case here, as elaborated below.

Earnings ESP: Allegion has an Earnings ESP of +5.69% as the Most Accurate Estimate is pegged at $1.58 per share, which is higher than the Zacks Consensus Estimate of $1.50. You can uncover the best stocks before they’re reported with our Earnings ESP Filter.

Zacks Rank: Allegion presently carries a Zacks Rank #4 (Sell).

Highlights of Q4 Earnings

Allegion’s fourth-quarter 2023 adjusted earnings of $1.68 per share beat the Zacks Consensus Estimate of $1.57. The bottom line improved 5% year over year. In the quarter under review, Allegion’s revenues were $897.4 million, increasing 4.2% from the year-ago quarter. However, Allegion’s revenues missed the consensus estimate of $913 million.

Stocks to Consider

Here are some companies within the broader Industrial Products sector, which according to our model, have the right combination of elements to beat on earnings in this reporting cycle.

Atmus Filtration Technologies Inc. ATMU has an Earnings ESP of +1.42% and a Zacks Rank of 1, at present. You can see the complete list of today’s Zacks #1 Rank stocks here.

The company is slated to release first-quarter results on May 3. ATMU delivered a trailing four-quarter earnings surprise of 20.3%, on average.

Chart Industries, Inc. GTLS has an Earnings ESP of +9.86% and a Zacks Rank of 2. The company is slated to release first-quarter 2024 results on May 3.

Chart Industries’ earnings have surpassed the Zacks Consensus Estimate in three of the trailing four quarters while missing the mark in one, the average beat being 75.9%.

AptarGroup, Inc. ATR has an Earnings ESP of +0.59% and a Zacks Rank of 3, at present.

The company is scheduled to release first-quarter 2024 results on Apr 25. AptarGroup’s earnings have surpassed the Zacks Consensus Estimate in each of the preceding four quarters, the average beat being 7.8%.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Zacks targets 5 well-established companies with solid fundamentals and a history of raising dividends. More importantly, they have the resources and will to likely pay them in the future.

Click now for a Special Report packed with unconventional wisdom and insights you simply won’t get from your neighborhood financial planner.

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Zacks Investment Research

Iron ore prices rise despite flat inventory and modest demand - UBS

Tue, 23 Apr 2024 14:01:51 +0000

10x Genomics (TXG) Expected to Beat Earnings Estimates: Should You Buy?

Tue, 23 Apr 2024 14:01:17 +0000

10x Genomics (TXG) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

The earnings report, which is expected to be released on April 30, 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, it's worth handicapping the probability of a positive EPS surprise.

Zacks Consensus Estimate

This life science technology company is expected to post quarterly loss of $0.46 per share in its upcoming report, which represents a year-over-year change of -4.6%.

Revenues are expected to be $142.04 million, up 5.8% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.32% 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 (Expected Surprise Prediction).

The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier.

Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only.

A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP.

Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).

How Have the Numbers Shaped Up for 10x Genomics?

For 10x Genomics, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +35.15%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that 10x Genomics will most likely 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 10x Genomics would post a loss of $0.36 per share when it actually produced a loss of $0.41, delivering a surprise of -13.89%.

The company has not been able to beat consensus EPS estimates in any of the last four quarters.

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 to uncover the best stocks to buy or sell before they've reported.

10x Genomics appears 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.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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American Electric Power (AEP) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Tue, 23 Apr 2024 14:01:16 +0000

The market expects American Electric Power (AEP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 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.

While management's discussion of business conditions on the earnings call will mostly determine the sustainability of the immediate price change and future earnings expectations, it's worth having a handicapping insight into the odds of a positive EPS surprise.

Zacks Consensus Estimate

This utility is expected to post quarterly earnings of $1.32 per share in its upcoming report, which represents a year-over-year change of +18.9%.

Revenues are expected to be $5.21 billion, up 10.8% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.91% 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

How Have the Numbers Shaped Up for AEP?

For AEP, 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 -4.03%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that AEP 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 AEP would post earnings of $1.27 per share when it actually produced earnings of $1.23, delivering a surprise of -3.15%.

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

Bottom Line

AEP 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.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Analysts Estimate Martin Marietta (MLM) to Report a Decline in Earnings: What to Look Out for

Tue, 23 Apr 2024 14:01:16 +0000

Wall Street expects a year-over-year decline in earnings on lower revenues when Martin Marietta (MLM) reports results for the quarter ended March 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 April 30. On the other hand, if they miss, the stock may move lower.

Zacks Consensus Estimate

This seller of granite, limestone, sand and gravel is expected to post quarterly earnings of $1.85 per share in its upcoming report, which represents a year-over-year change of -14.4%.

Revenues are expected to be $1.3 billion, down 4% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 3.08% 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

How Have the Numbers Shaped Up for Martin Marietta?

For Martin Marietta, 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 -1.83%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Martin Marietta will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Martin Marietta would post earnings of $3.96 per share when it actually produced earnings of $4.63, delivering a surprise of +16.92%.

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

Bottom Line

Martin Marietta 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.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Merit Medical (MMSI) Earnings Expected to Grow: Should You Buy?

Tue, 23 Apr 2024 14:01:16 +0000

Merit Medical (MMSI) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This maker of disposable medical devices is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of +10.9%.

Revenues are expected to be $315.93 million, up 6.2% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.57% 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

How Have the Numbers Shaped Up for Merit Medical?

For Merit Medical, 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 -0.40%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Merit Medical will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Merit Medical would post earnings of $0.77 per share when it actually produced earnings of $0.81, delivering a surprise of +5.19%.

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

Bottom Line

Merit Medical 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

Labcorp (LH), another stock in the Zacks Medical - Dental Supplies industry, is expected to report earnings per share of $3.46 for the quarter ended March 2024. This estimate points to a year-over-year change of -9.4%. Revenues for the quarter are expected to be $3.13 billion, down 17.2% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Labcorp has been revised 1.1% up to the current level. Nevertheless, the company now has an Earnings ESP of 1.07%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that Labcorp will most likely 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.

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Restaurant Brands (QSR) Expected to Beat Earnings Estimates: Should You Buy?

Tue, 23 Apr 2024 14:01:16 +0000

Restaurant Brands (QSR) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This operator of Burger King and Tim Hortons restaurant chains is expected to post quarterly earnings of $0.72 per share in its upcoming report, which represents a year-over-year change of -4%.

Revenues are expected to be $1.71 billion, up 7.6% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.48% 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

How Have the Numbers Shaped Up for Restaurant Brands?

For Restaurant Brands, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.44%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Restaurant Brands will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Restaurant Brands would post earnings of $0.73 per share when it actually produced earnings of $0.75, delivering a surprise of +2.74%.

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

Bottom Line

Restaurant Brands appears 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.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Analysts Estimate LPL Financial Holdings Inc. (LPLA) to Report a Decline in Earnings: What to Look Out for

Tue, 23 Apr 2024 14:01:15 +0000

LPL Financial Holdings Inc. (LPLA) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This company is expected to post quarterly earnings of $3.77 per share in its upcoming report, which represents a year-over-year change of -16%.

Revenues are expected to be $2.68 billion, up 10.6% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.58% 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. Our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction) -- has this insight at its core.

How Have the Numbers Shaped Up for LPL Financial?

For LPL Financial, 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 -0.04%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that LPL Financial will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that LPL Financial would post earnings of $3.33 per share when it actually produced earnings of $3.51, delivering a surprise of +5.41%.

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

Bottom Line

LPL Financial 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 - Investment Bank industry, Tradeweb Markets (TW) is soon expected to post earnings of $0.71 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of +31.5%. This quarter's revenue is expected to be $406.08 million, up 23.3% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Tradeweb has been revised 1.4% up to the current level. Nevertheless, the company now has an Earnings ESP of 0.09%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #2 (Buy), suggests that Tradeweb will most likely 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.

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Earnings Preview: UFP Industries (UFPI) Q1 Earnings Expected to Decline

Tue, 23 Apr 2024 14:01:15 +0000

The market expects UFP Industries (UFPI) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 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.

Zacks Consensus Estimate

This wood and materials provider for the construction industry is expected to post quarterly earnings of $1.62 per share in its upcoming report, which represents a year-over-year change of -18.2%.

Revenues are expected to be $1.68 billion, down 7.6% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Earnings Whisper

How Have the Numbers Shaped Up for UFP Industries?

For UFP Industries, 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 -1.70%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that UFP Industries will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that UFP Industries would post earnings of $1.68 per share when it actually produced earnings of $1.62, delivering a surprise of -3.57%.

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

Bottom Line

UFP Industries 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

Another stock from the Zacks Building Products - Wood industry, Potlatch (PCH), is soon expected to post loss of $0.03 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of -113%. Revenues for the quarter are expected to be $222.1 million, down 13.9% from the year-ago quarter.

The consensus EPS estimate for Potlatch has been revised 8.7% lower over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -33.33%.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Potlatch 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.

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Unum (UNM) Reports Next Week: Wall Street Expects Earnings Growth

Tue, 23 Apr 2024 14:01:15 +0000

Unum (UNM) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This insurance company is expected to post quarterly earnings of $1.97 per share in its upcoming report, which represents a year-over-year change of +5.4%.

Revenues are expected to be $3.19 billion, up 5.1% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.2% 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

How Have the Numbers Shaped Up for Unum?

For Unum, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.25%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Unum will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Unum would post earnings of $1.86 per share when it actually produced earnings of $1.79, delivering a surprise of -3.76%.

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

Bottom Line

Unum appears 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.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Zacks Investment Research

Earnings Preview: LGI Homes (LGIH) Q1 Earnings Expected to Decline

Tue, 23 Apr 2024 14:01:15 +0000

LGI Homes (LGIH) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This entry-level homebuilder in the Texas, Arizona, Florida and Georgia markets is expected to post quarterly earnings of $1.02 per share in its upcoming report, which represents a year-over-year change of -10.5%.

Revenues are expected to be $420.15 million, down 13.8% from the year-ago quarter.

Estimate Revisions Trend

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

How Have the Numbers Shaped Up for LGI Homes?

For LGI Homes, 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 -39.22%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that LGI Homes will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that LGI Homes would post earnings of $2.69 per share when it actually produced earnings of $2.19, delivering a surprise of -18.59%.

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

Bottom Line

LGI Homes 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.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Zacks Investment Research

Earnings Preview: O-I Glass (OI) Q1 Earnings Expected to Decline

Tue, 23 Apr 2024 14:01:15 +0000

O-I Glass (OI) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This glass container manufacturer is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of -72.1%.

Revenues are expected to be $1.71 billion, down 6.4% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.66% 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

How Have the Numbers Shaped Up for O-I Glass?

For O-I Glass, 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 -4.67%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that O-I Glass will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that O-I Glass would post earnings of $0.03 per share when it actually produced earnings of $0.12, delivering a surprise of +300%.

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

Bottom Line

O-I Glass 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.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Top 5 Dividend Stocks for Your Retirement

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Molson Coors Brewing (TAP) Reports Next Week: Wall Street Expects Earnings Growth

Tue, 23 Apr 2024 14:01:14 +0000

The market expects Molson Coors Brewing (TAP) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 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.

Zacks Consensus Estimate

This beer maker is expected to post quarterly earnings of $0.71 per share in its upcoming report, which represents a year-over-year change of +31.5%.

Revenues are expected to be $2.5 billion, up 6.5% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.16% 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

How Have the Numbers Shaped Up for Molson Coors?

For Molson Coors, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +2.49%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Molson Coors will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Molson Coors would post earnings of $1.12 per share when it actually produced earnings of $1.19, delivering a surprise of +6.25%.

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

Bottom Line

Molson Coors appears 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

Another stock from the Zacks Beverages - Alcohol industry, Boston Beer (SAM), is soon expected to post earnings of $0.09 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of +112.3%. Revenues for the quarter are expected to be $414.84 million, up 1.2% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Boston Beer has been revised 0.3% down to the current level. Nevertheless, the company now has an Earnings ESP of -479.32%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #5 (Strong Sell), makes it difficult to conclusively predict that Boston Beer 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.

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Zacks Investment Research

Earnings Preview: PSEG (PEG) Q1 Earnings Expected to Decline

Tue, 23 Apr 2024 14:01:14 +0000

The market expects PSEG (PEG) to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 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.

Zacks Consensus Estimate

This parent company of PSEG Power and Public Service Electric & Gas Co. Is expected to post quarterly earnings of $1.26 per share in its upcoming report, which represents a year-over-year change of -9.4%.

Revenues are expected to be $2.61 billion, down 30.5% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.44% 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

How Have the Numbers Shaped Up for PSEG?

For PSEG, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +14.06%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that PSEG will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that PSEG would post earnings of $0.53 per share when it actually produced earnings of $0.54, delivering a surprise of +1.89%.

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

Bottom Line

PSEG 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 Utility - Electric Power industry, FirstEnergy (FE) is soon expected to post earnings of $0.54 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of -10%. This quarter's revenue is expected to be $3.36 billion, up 3.9% from the year-ago quarter.

The consensus EPS estimate for FirstEnergy has been revised 6.9% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -2.80%.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that FirstEnergy will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Analysts Estimate Air Products and Chemicals (APD) to Report a Decline in Earnings: What to Look Out for

Tue, 23 Apr 2024 14:01:14 +0000

Air Products and Chemicals (APD) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This seller of gases for industrial, medical and other uses is expected to post quarterly earnings of $2.72 per share in its upcoming report, which represents a year-over-year change of -0.7%.

Revenues are expected to be $3.15 billion, down 1.5% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.12% 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 an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Earnings Whisper

How Have the Numbers Shaped Up for Air Products and Chemicals?

For Air Products and Chemicals, 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 -0.92%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Air Products and Chemicals will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Air Products and Chemicals would post earnings of $2.99 per share when it actually produced earnings of $2.82, delivering a surprise of -5.69%.

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

Bottom Line

Air Products and Chemicals 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

Dow Inc. (DOW), another stock in the Zacks Chemical - Diversified industry, is expected to report earnings per share of $0.47 for the quarter ended March 2024. This estimate points to a year-over-year change of -19%. Revenues for the quarter are expected to be $10.7 billion, down 9.7% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Dow Inc. has been revised 4% up to the current level. Nevertheless, the company now has an Earnings ESP of -1.69%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Dow Inc. 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.

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Zacks Investment Research

Analysts Estimate OneMain Holdings (OMF) to Report a Decline in Earnings: What to Look Out for

Tue, 23 Apr 2024 14:01:14 +0000

OneMain Holdings (OMF) is expected to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This consumer finance company is expected to post quarterly earnings of $1.38 per share in its upcoming report, which represents a year-over-year change of -5.5%.

Revenues are expected to be $907.93 million, up 6.2% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 5.49% 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

How Have the Numbers Shaped Up for OneMain?

For OneMain, 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 -2.40%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that OneMain will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that OneMain would post earnings of $1.35 per share when it actually produced earnings of $1.39, delivering a surprise of +2.96%.

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

Bottom Line

OneMain 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

Capital One (COF), another stock in the Zacks Financial - Consumer Loans industry, is expected to report earnings per share of $3.34 for the quarter ended March 2024. This estimate points to a year-over-year change of +44.6%. Revenues for the quarter are expected to be $9.34 billion, up 4.9% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Capital One has been revised 1.4% up to the current level. Nevertheless, the company now has an Earnings ESP of -0.94%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Capital One 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.

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Zacks Investment Research

Littelfuse (LFUS) Expected to Beat Earnings Estimates: Should You Buy?

Tue, 23 Apr 2024 14:01:14 +0000

Littelfuse (LFUS) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This circuit protection manufacturer is expected to post quarterly earnings of $1.75 per share in its upcoming report, which represents a year-over-year change of -51.9%.

Revenues are expected to be $519.13 million, down 14.9% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 1.02% 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

How Have the Numbers Shaped Up for Littelfuse?

For Littelfuse, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.57%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Littelfuse will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Littelfuse would post earnings of $2.02 per share when it actually produced earnings of $2.02, delivering no surprise.

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

Bottom Line

Littelfuse appears 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.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Zacks Investment Research

Analysts Estimate 3M (MMM) to Report a Decline in Earnings: What to Look Out for

Tue, 23 Apr 2024 14:01:13 +0000

3M (MMM) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This maker of Post-it notes, industrial coatings and ceramics is expected to post quarterly earnings of $1.93 per share in its upcoming report, which represents a year-over-year change of -2%.

Revenues are expected to be $7.64 billion, down 4.8% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 16.1% 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 an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Earnings Whisper

How Have the Numbers Shaped Up for 3M?

For 3M, 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 -7.95%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that 3M will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that 3M would post earnings of $2.31 per share when it actually produced earnings of $2.42, delivering a surprise of +4.76%.

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

Bottom Line

3M 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

Honeywell International Inc. (HON), another stock in the Zacks Diversified Operations industry, is expected to report earnings per share of $2.18 for the quarter ended March 2024. This estimate points to a year-over-year change of +5.3%. Revenues for the quarter are expected to be $9 billion, up 1.6% from the year-ago quarter.

The consensus EPS estimate for Honeywell International has been revised 1.8% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of 0.87%.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that Honeywell International will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Zacks Investment Research

Corning (GLW) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

Tue, 23 Apr 2024 14:01:13 +0000

Wall Street expects a year-over-year decline in earnings on lower revenues when Corning (GLW) reports results for the quarter ended March 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.

Zacks Consensus Estimate

This specialty glass maker is expected to post quarterly earnings of $0.36 per share in its upcoming report, which represents a year-over-year change of -12.2%.

Revenues are expected to be $3.12 billion, down 7.3% 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 an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Earnings Whisper

How Have the Numbers Shaped Up for Corning?

For Corning, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.40%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that Corning will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Corning would post earnings of $0.40 per share when it actually produced earnings of $0.39, delivering a surprise of -2.50%.

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

Bottom Line

Corning appears 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

Another stock from the Zacks Communication - Components industry, Harmonic (HLIT), is soon expected to post loss of $0.01 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of -108.3%. Revenues for the quarter are expected to be $121 million, down 23.3% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Harmonic has been revised 60% down to the current level. Nevertheless, the company now has an Earnings ESP of -50.00%, reflecting a lower Most Accurate Estimate.

When combined with a Zacks Rank of #4 (Sell), this Earnings ESP makes it difficult to conclusively predict that Harmonic 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.

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McDonald's (MCD) Reports Next Week: Wall Street Expects Earnings Growth

Tue, 23 Apr 2024 14:01:13 +0000

The market expects McDonald's (MCD) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 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.

Zacks Consensus Estimate

This world's biggest hamburger chain is expected to post quarterly earnings of $2.70 per share in its upcoming report, which represents a year-over-year change of +2.7%.

Revenues are expected to be $6.17 billion, up 4.7% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.71% 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

How Have the Numbers Shaped Up for McDonald's?

For McDonald's, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.09%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that McDonald's will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that McDonald's would post earnings of $2.81 per share when it actually produced earnings of $2.95, delivering a surprise of +4.98%.

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

Bottom Line

McDonald's appears 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

Another stock from the Zacks Retail - Restaurants industry, Yum China Holdings (YUMC), is soon expected to post earnings of $0.66 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of -4.4%. Revenues for the quarter are expected to be $2.94 billion, up 0.8% from the year-ago quarter.

The consensus EPS estimate for Yum China has remained unchanged over the last 30 days. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -1.14%.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Yum China will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Zacks Investment Research

CenterPoint Energy (CNP) Earnings Expected to Grow: Should You Buy?

Tue, 23 Apr 2024 14:01:12 +0000

CenterPoint Energy (CNP) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This energy delivery company is expected to post quarterly earnings of $0.51 per share in its upcoming report, which represents a year-over-year change of +2%.

Revenues are expected to be $2.81 billion, up 1.1% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 2.13% 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

How Have the Numbers Shaped Up for CenterPoint?

For CenterPoint, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +3.92%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that CenterPoint will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that CenterPoint would post earnings of $0.32 per share when it actually produced earnings of $0.32, delivering no surprise.

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

Bottom Line

CenterPoint 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 Utility - Electric Power industry, Xcel Energy (XEL) is soon expected to post earnings of $0.82 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of +7.9%. This quarter's revenue is expected to be $4.02 billion, down 1.5% from the year-ago quarter.

The consensus EPS estimate for Xcel has remained unchanged over the last 30 days. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -6.75%.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), makes it difficult to conclusively predict that Xcel 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.

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Zacks Investment Research

Earnings Preview: Caesars Entertainment (CZR) Q1 Earnings Expected to Decline

Tue, 23 Apr 2024 14:01:12 +0000

Caesars Entertainment (CZR) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This casino and resort operator is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of -77.8%.

Revenues are expected to be $2.83 billion, down 0% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 3.11% 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

How Have the Numbers Shaped Up for Caesars Entertainment?

For Caesars Entertainment, 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 -955.60%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Caesars Entertainment will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Caesars Entertainment would post a loss of $0.03 per share when it actually produced a loss of $0.34, delivering a surprise of -1,033.33%.

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

Bottom Line

Caesars Entertainment 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 Leisure and Recreation Services industry, Royal Caribbean (RCL) is soon expected to post earnings of $1.30 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of +665.2%. This quarter's revenue is expected to be $3.64 billion, up 26.3% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Royal Caribbean has been revised 0.3% down to the current level. Nevertheless, the company now has an Earnings ESP of 5.30%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Royal Caribbean will most likely 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.

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Earnings Preview: Chesapeake Energy (CHK) Q1 Earnings Expected to Decline

Tue, 23 Apr 2024 14:01:12 +0000

Chesapeake Energy (CHK) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This oil and gas company is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of -66.3%.

Revenues are expected to be $674.99 million, down 80% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 61.57% 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

How Have the Numbers Shaped Up for Chesapeake Energy?

For Chesapeake Energy, 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 -3.79%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Chesapeake Energy will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Chesapeake Energy would post earnings of $0.42 per share when it actually produced earnings of $1.31, delivering a surprise of +211.90%.

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

Bottom Line

Chesapeake Energy 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 Oil and Gas - Exploration and Production - United States industry, CNX Resources Corporation. (CNX) is soon expected to post earnings of $0.36 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of -35.7%. This quarter's revenue is expected to be $420.13 million, up 6.4% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for CNX Resources has been revised 5% down to the current level. Nevertheless, the company now has an Earnings ESP of 0.56%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that CNX Resources will most likely 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.

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ArcBest (ARCB) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

Tue, 23 Apr 2024 14:01:12 +0000

ArcBest (ARCB) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This freight transportation and logistics company is expected to post quarterly earnings of $1.57 per share in its upcoming report, which represents a year-over-year change of -0.6%.

Revenues are expected to be $1.03 billion, down 6.7% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 2.2% 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 an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Earnings Whisper

How Have the Numbers Shaped Up for ArcBest?

For ArcBest, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.15%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that ArcBest will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that ArcBest would post earnings of $2.19 per share when it actually produced earnings of $2.47, delivering a surprise of +12.79%.

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

Bottom Line

ArcBest appears 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

Another stock from the Zacks Transportation - Truck industry, Saia (SAIA), is soon expected to post earnings of $3.43 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of +20.4%. Revenues for the quarter are expected to be $768.14 million, up 16.3% from the year-ago quarter.

The consensus EPS estimate for Saia has been revised 0.5% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.10%.

When combined with a Zacks Rank of #2 (Buy), this Earnings ESP makes it difficult to conclusively predict that Saia 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.

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Analysts Estimate Oaktree Specialty Lending (OCSL) to Report a Decline in Earnings: What to Look Out for

Tue, 23 Apr 2024 14:01:12 +0000

The market expects Oaktree Specialty Lending (OCSL) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 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.

Zacks Consensus Estimate

This specialty finance company is expected to post quarterly earnings of $0.57 per share in its upcoming report, which represents a year-over-year change of -8.1%.

Revenues are expected to be $99.66 million, up 3.5% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.43% lower over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period.

Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change.

Earnings Whisper

How Have the Numbers Shaped Up for Oaktree Specialty Lending?

For Oaktree Specialty Lending, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.31%.

On the other hand, the stock currently carries a Zacks Rank of #4.

So, this combination makes it difficult to conclusively predict that Oaktree Specialty Lending will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Oaktree Specialty Lending would post earnings of $0.61 per share when it actually produced earnings of $0.57, delivering a surprise of -6.56%.

The company has not been able to beat consensus EPS estimates in any of the last four quarters.

Bottom Line

Oaktree Specialty Lending 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

MVB Financial (MVBF), another stock in the Zacks Financial - Miscellaneous Services industry, is expected to report earnings per share of $0.41 for the quarter ended March 2024. This estimate points to a year-over-year change of +105%. Revenues for the quarter are expected to be $37.47 million, up 4.7% from the year-ago quarter.

The consensus EPS estimate for MVB Financial has been revised 4.1% lower over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of 6.17%.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that MVB Financial will most likely 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.

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Blackbaud (BLKB) Reports Next Week: Wall Street Expects Earnings Growth

Tue, 23 Apr 2024 14:01:11 +0000

The market expects Blackbaud (BLKB) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 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.

Zacks Consensus Estimate

This software and services provider in the nonprofit sector is expected to post quarterly earnings of $0.85 per share in its upcoming report, which represents a year-over-year change of +18.1%.

Revenues are expected to be $282.22 million, up 7.8% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.55% 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

How Have the Numbers Shaped Up for Blackbaud?

For Blackbaud, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -5.51%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination makes it difficult to conclusively predict that Blackbaud will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Blackbaud would post earnings of $1.04 per share when it actually produced earnings of $1.14, delivering a surprise of +9.62%.

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

Bottom Line

Blackbaud 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 Computer - Software industry, Microsoft (MSFT) is soon expected to post earnings of $2.81 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of +14.7%. This quarter's revenue is expected to be $60.63 billion, up 14.7% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Microsoft has been revised 0.1% down to the current level. Nevertheless, the company now has an Earnings ESP of -3.36%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Microsoft 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.

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Paccar (PCAR) Expected to Beat Earnings Estimates: Should You Buy?

Tue, 23 Apr 2024 14:01:11 +0000

The market expects Paccar (PCAR) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 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.

Zacks Consensus Estimate

This truck maker is expected to post quarterly earnings of $2.17 per share in its upcoming report, which represents a year-over-year change of -3.6%.

Revenues are expected to be $8.08 billion, up 0.4% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 3.3% 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

How Have the Numbers Shaped Up for Paccar?

For Paccar, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.25%.

On the other hand, the stock currently carries a Zacks Rank of #1.

So, this combination indicates that Paccar will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Paccar would post earnings of $2.20 per share when it actually produced earnings of $2.70, delivering a surprise of +22.73%.

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

Bottom Line

Paccar appears 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 Automotive - Domestic industry, Harley-Davidson (HOG) is soon expected to post earnings of $1.53 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of -25%. This quarter's revenue is expected to be $1.38 billion, down 11.5% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Harley-Davidson has been revised 2% down to the current level. Nevertheless, the company now has an Earnings ESP of -3.11%, reflecting a lower Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #4 (Sell), makes it difficult to conclusively predict that Harley-Davidson 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.

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Earnings Preview: Gartner (IT) Q1 Earnings Expected to Decline

Tue, 23 Apr 2024 14:01:11 +0000

The market expects Gartner (IT) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 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.

Zacks Consensus Estimate

This technology information and analysis company is expected to post quarterly earnings of $2.52 per share in its upcoming report, which represents a year-over-year change of -12.5%.

Revenues are expected to be $1.47 billion, up 4.4% from the year-ago quarter.

Estimate Revisions Trend

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

How Have the Numbers Shaped Up for Gartner?

For Gartner, 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 -0.87%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Gartner will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Gartner would post earnings of $2.78 per share when it actually produced earnings of $3.04, delivering a surprise of +9.35%.

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

Bottom Line

Gartner 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.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Lemonade (LMND) May Report Negative Earnings: Know the Trend Ahead of Next Week's Release

Tue, 23 Apr 2024 14:01:11 +0000

Lemonade (LMND) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This company is expected to post quarterly loss of $0.81 per share in its upcoming report, which represents a year-over-year change of +14.7%.

Revenues are expected to be $112.8 million, up 18.5% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.74% 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

How Have the Numbers Shaped Up for Lemonade?

For Lemonade, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company's earnings prospects. This has resulted in an Earnings ESP of -5.16%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination makes it difficult to conclusively predict that Lemonade will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Lemonade would post a loss of $0.79 per share when it actually produced a loss of $0.61, delivering a surprise of +22.78%.

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

Bottom Line

Lemonade 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 Insurance - Multi line industry, Everest Group (EG) is soon expected to post earnings of $16.03 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of +41.7%. This quarter's revenue is expected to be $4.2 billion, up 28% from the year-ago quarter.

The consensus EPS estimate for Everest Group has been revised 0.1% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -1.26%.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Everest Group will beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Earnings Preview: Clorox (CLX) Q3 Earnings Expected to Decline

Tue, 23 Apr 2024 14:01:10 +0000

Clorox (CLX) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This consumer products maker is expected to post quarterly earnings of $1.33 per share in its upcoming report, which represents a year-over-year change of -11.9%.

Revenues are expected to be $1.88 billion, down 1.9% from the year-ago quarter.

Estimate Revisions Trend

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

How Have the Numbers Shaped Up for Clorox?

For Clorox, 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 -0.26%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Clorox will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Clorox would post earnings of $1.08 per share when it actually produced earnings of $2.16, delivering a surprise of +100%.

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

Bottom Line

Clorox 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

Colgate-Palmolive (CL), another stock in the Zacks Soap and Cleaning Materials industry, is expected to report earnings per share of $0.82 for the quarter ended March 2024. This estimate points to a year-over-year change of +12.3%. Revenues for the quarter are expected to be $4.95 billion, up 3.8% from the year-ago quarter.

The consensus EPS estimate for Colgate-Palmolive has been revised 0.1% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -0.02%.

When combined with a Zacks Rank of #2 (Buy), this Earnings ESP makes it difficult to conclusively predict that Colgate-Palmolive 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.

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RenaissanceRe (RNR) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Tue, 23 Apr 2024 14:01:10 +0000

Wall Street expects a year-over-year increase in earnings on higher revenues when RenaissanceRe (RNR) reports results for the quarter ended March 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.

Zacks Consensus Estimate

This insurance company is expected to post quarterly earnings of $9.95 per share in its upcoming report, which represents a year-over-year change of +21.9%.

Revenues are expected to be $2.68 billion, up 38.6% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 1.04% 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

How Have the Numbers Shaped Up for RenaissanceRe?

For RenaissanceRe, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.79%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that RenaissanceRe will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that RenaissanceRe would post earnings of $8.13 per share when it actually produced earnings of $11.77, delivering a surprise of +44.77%.

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

Bottom Line

RenaissanceRe appears 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 Insurance - Property and Casualty industry, Arch Capital Group (ACGL) is soon expected to post earnings of $2.06 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of +19.1%. This quarter's revenue is expected to be $3.77 billion, up 22% from the year-ago quarter.

The consensus EPS estimate for Arch Capital has been revised 0.5% higher over the last 30 days to the current level. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -1.21%.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP makes it difficult to conclusively predict that Arch Capital 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.

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Zacks Investment Research

Graphic Packaging (GPK) Expected to Beat Earnings Estimates: What to Know Ahead of Q1 Release

Tue, 23 Apr 2024 14:01:10 +0000

Graphic Packaging (GPK) is expected to deliver a year-over-year decline in earnings on lower revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This packaging company is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of -18.2%.

Revenues are expected to be $2.39 billion, down 1.8% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.36% 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

How Have the Numbers Shaped Up for Graphic Packaging?

For Graphic Packaging, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.64%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination indicates that Graphic Packaging will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Graphic Packaging would post earnings of $0.69 per share when it actually produced earnings of $0.75, delivering a surprise of +8.70%.

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

Bottom Line

Graphic Packaging appears 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

Another stock from the Zacks Containers - Paper and Packaging industry, AptarGroup (ATR), is soon expected to post earnings of $1.13 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of +19%. Revenues for the quarter are expected to be $897.4 million, up 4.3% from the year-ago quarter.

The consensus EPS estimate for AptarGroup has been revised 0.4% higher over the last 30 days to the current level. However, a higher Most Accurate Estimate has resulted in an Earnings ESP of 0.59%.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that AptarGroup will most likely 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.

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Advanced Micro Devices (AMD) Expected to Beat Earnings Estimates: Can the Stock Move Higher?

Tue, 23 Apr 2024 14:01:10 +0000

The market expects Advanced Micro Devices (AMD) to deliver flat earnings compared to the year-ago quarter on higher revenues when it reports results for the quarter ended March 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.

Zacks Consensus Estimate

This chipmaker is expected to post quarterly earnings of $0.60 per share in its upcoming report, which represents no change from the year-ago quarter.

Revenues are expected to be $5.42 billion, up 1.2% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 2.87% 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 an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Earnings Whisper

How Have the Numbers Shaped Up for Advanced Micro?

For Advanced Micro, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +28.33%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that Advanced Micro will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Advanced Micro would post earnings of $0.77 per share when it actually produced earnings of $0.77, delivering no surprise.

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

Bottom Line

Advanced Micro appears 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

Another stock from the Zacks Electronics - Semiconductors industry, Lattice Semiconductor (LSCC), is soon expected to post earnings of $0.29 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of -43.1%. Revenues for the quarter are expected to be $140.07 million, down 24% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Lattice has remained unchanged. Nevertheless, the company now has an Earnings ESP of 1.16%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Lattice will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Zacks targets 5 well-established companies with solid fundamentals and a history of raising dividends. More importantly, they have the resources and will to likely pay them in the future.

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Zacks Investment Research

Analysts Estimate Voya Financial (VOYA) to Report a Decline in Earnings: What to Look Out for

Tue, 23 Apr 2024 14:01:09 +0000

The market expects Voya Financial (VOYA) to deliver a year-over-year decline in earnings on higher revenues when it reports results for the quarter ended March 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.

Zacks Consensus Estimate

This retirement, investment and insurance company is expected to post quarterly earnings of $1.60 per share in its upcoming report, which represents a year-over-year change of -5.3%.

Revenues are expected to be $278.32 million, up 6.6% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 1.88% 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

How Have the Numbers Shaped Up for Voya?

For Voya, 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 -0.71%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Voya will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Voya would post earnings of $1.95 per share when it actually produced earnings of $1.97, delivering a surprise of +1.03%.

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

Bottom Line

Voya 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.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Zacks targets 5 well-established companies with solid fundamentals and a history of raising dividends. More importantly, they have the resources and will to likely pay them in the future.

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Zacks Investment Research

Edison International (EIX) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Tue, 23 Apr 2024 14:01:09 +0000

Edison International (EIX) is expected to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended March 2024. This widely-known consensus outlook gives a good sense of the company's earnings picture, but how the actual results compare to these estimates is a powerful factor that could impact its near-term stock price.

Zacks Consensus Estimate

This electric power provider is expected to post quarterly earnings of $1.29 per share in its upcoming report, which represents a year-over-year change of +18.4%.

Revenues are expected to be $4.18 billion, up 5.4% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.59% 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

How Have the Numbers Shaped Up for Edison International?

For Edison International, 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 -4.41%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that Edison International will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Edison International would post earnings of $1.22 per share when it actually produced earnings of $1.28, delivering a surprise of +4.92%.

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

Bottom Line

Edison International 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 Utility - Electric Power industry, DTE Energy (DTE) is soon expected to post earnings of $1.71 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of +28.6%. This quarter's revenue is expected to be $3.89 billion, up 2.9% from the year-ago quarter.

The consensus EPS estimate for DTE Energy has remained unchanged over the last 30 days. However, a lower Most Accurate Estimate has resulted in an Earnings ESP of -1.17%.

When combined with a Zacks Rank of #2 (Buy), this Earnings ESP makes it difficult to conclusively predict that DTE Energy 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.

Top 5 Dividend Stocks for Your Retirement

Zacks targets 5 well-established companies with solid fundamentals and a history of raising dividends. More importantly, they have the resources and will to likely pay them in the future.

Click now for a Special Report packed with unconventional wisdom and insights you simply won’t get from your neighborhood financial planner.

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DTE Energy Company (DTE): Free Stock Analysis Report

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Zacks Investment Research

Eaton (ETN) Earnings Expected to Grow: What to Know Ahead of Next Week's Release

Tue, 23 Apr 2024 14:01:09 +0000

Wall Street expects a year-over-year increase in earnings on higher revenues when Eaton (ETN) reports results for the quarter ended March 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.

Zacks Consensus Estimate

This power management company is expected to post quarterly earnings of $2.28 per share in its upcoming report, which represents a year-over-year change of +21.3%.

Revenues are expected to be $5.9 billion, up 7.6% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 0.06% 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

How Have the Numbers Shaped Up for Eaton?

For Eaton, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.95%.

On the other hand, the stock currently carries a Zacks Rank of #2.

So, this combination indicates that Eaton will most likely beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that Eaton would post earnings of $2.47 per share when it actually produced earnings of $2.55, delivering a surprise of +3.24%.

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

Bottom Line

Eaton appears 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 Manufacturing - Electronics industry, A.O. Smith (AOS) is soon expected to post earnings of $0.99 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of +5.3%. This quarter's revenue is expected to be $994.81 million, up 2.9% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for A.O. Smith has been revised 0.5% up to the current level. Nevertheless, the company now has an Earnings ESP of 1.11%, reflecting a higher Most Accurate Estimate.

When combined with a Zacks Rank of #3 (Hold), this Earnings ESP indicates that A.O. Smith will most likely 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.

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Zacks targets 5 well-established companies with solid fundamentals and a history of raising dividends. More importantly, they have the resources and will to likely pay them in the future.

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TPG RE Finance Trust (TRTX) Reports Next Week: What Awaits?

Tue, 23 Apr 2024 14:01:09 +0000

Wall Street expects flat earnings compared to the year-ago quarter on higher revenues when TPG RE Finance Trust (TRTX) reports results for the quarter ended March 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.

Zacks Consensus Estimate

This commercial real estate finance company is expected to post quarterly earnings of $0.17 per share in its upcoming report, which represents no change from the year-ago quarter.

Revenues are expected to be $29.67 million, up 36.5% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 2.7% 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 an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts.

Earnings Whisper

How Have the Numbers Shaped Up for TPG RE Finance Trust?

For TPG RE Finance Trust, 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 -11.77%.

On the other hand, the stock currently carries a Zacks Rank of #5.

So, this combination makes it difficult to conclusively predict that TPG RE Finance Trust will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that TPG RE Finance Trust would post a loss of $0.21 per share when it actually produced a loss of $2.05, delivering a surprise of -876.19%.

The company has not been able to beat consensus EPS estimates in any of the last four quarters.

Bottom Line

TPG RE Finance Trust 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

Another stock from the Zacks Real Estate - Operations industry, Cushman & Wakefield (CWK), is soon expected to post loss of $0.02 per share for the quarter ended March 2024. This estimate indicates a year-over-year change of +50%. Revenues for the quarter are expected to be $2.24 billion, down 0.3% from the year-ago quarter.

Over the last 30 days, the consensus EPS estimate for Cushman & Wakefield has been revised 2.5% up to the current level. Nevertheless, the company now has an Earnings ESP of 44.44%, reflecting a higher Most Accurate Estimate.

This Earnings ESP, combined with its Zacks Rank #3 (Hold), suggests that Cushman & Wakefield will most likely beat the consensus EPS estimate. Over the last four quarters, the company surpassed consensus EPS estimates three times.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

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Zacks targets 5 well-established companies with solid fundamentals and a history of raising dividends. More importantly, they have the resources and will to likely pay them in the future.

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Zacks Investment Research

DigitalBridge (DBRG) Earnings Expected to Grow: Should You Buy?

Tue, 23 Apr 2024 14:01:08 +0000

The market expects DigitalBridge (DBRG) to deliver a year-over-year increase in earnings on lower revenues when it reports results for the quarter ended March 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.

Zacks Consensus Estimate

This provider of asset management services to NorthStar Realty Finance Corp. Is expected to post quarterly earnings of $0.10 per share in its upcoming report, which represents a year-over-year change of +600%.

Revenues are expected to be $100.76 million, down 59.7% from the year-ago quarter.

Estimate Revisions Trend

The consensus EPS estimate for the quarter has been revised 7.69% 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

How Have the Numbers Shaped Up for DigitalBridge?

For DigitalBridge, 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 -22.58%.

On the other hand, the stock currently carries a Zacks Rank of #3.

So, this combination makes it difficult to conclusively predict that DigitalBridge will beat the consensus EPS estimate.

Does Earnings Surprise History Hold Any Clue?

For the last reported quarter, it was expected that DigitalBridge would post earnings of $0.12 per share when it actually produced earnings of $0.10, delivering a surprise of -16.67%.

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

Bottom Line

DigitalBridge 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.

Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar.

Top 5 Dividend Stocks for Your Retirement

Zacks targets 5 well-established companies with solid fundamentals and a history of raising dividends. More importantly, they have the resources and will to likely pay them in the future.

Click now for a Special Report packed with unconventional wisdom and insights you simply won’t get from your neighborhood financial planner.

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Zacks Investment Research

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2024 Nickel Outlook: Australia Edition

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Who We Are

2024 Nickel Outlook: Australia Edition

Table of Contents

Nickel Price 2023 Year-End Review

How did nickel perform in 2023?

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Hexcel Corporation Price, Consensus and EPS Surprise

Operational Update

Market Performance

Financial Details

Guidance

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Allegion PLC Price and EPS Surprise

Earnings Whispers

Highlights of Q4 Earnings

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TPG RE Finance Trust (TRTX) Reports Next Week: What Awaits?

DigitalBridge (DBRG) Earnings Expected to Grow: Should You Buy?