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Broadwind Energy, Inc. (BWEN) Stock Dips While Market Gains: Key Facts
ZACKS· 2025-07-03 22:51
Broadwind Energy, Inc. (BWEN) ended the recent trading session at $1.84, demonstrating a -1.6% change from the preceding day's closing price. This change lagged the S&P 500's 0.83% gain on the day. Meanwhile, the Dow gained 0.77%, and the Nasdaq, a tech-heavy index, added 1.02%. Shares of the company witnessed a gain of 10.65% over the previous month, beating the performance of the Industrial Products sector with its gain of 8.97%, and the S&P 500's gain of 4.99%.The investment community will be closely mon ...
Why Gray Media (GTN) Outpaced the Stock Market Today
ZACKS· 2025-07-03 22:51
Gray Media (GTN) ended the recent trading session at $4.92, demonstrating a +1.03% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.83%. Meanwhile, the Dow gained 0.77%, and the Nasdaq, a tech-heavy index, added 1.02%. The broadcast television company's shares have seen an increase of 32.34% over the last month, surpassing the Consumer Discretionary sector's gain of 7.03% and the S&P 500's gain of 4.99%.Market participants will be closely following the financia ...
Reddit Inc. (RDDT) Stock Declines While Market Improves: Some Information for Investors
ZACKS· 2025-07-03 22:51
In the latest trading session, Reddit Inc. (RDDT) closed at $157.03, marking a -1.45% move from the previous day. This move lagged the S&P 500's daily gain of 0.83%. At the same time, the Dow added 0.77%, and the tech-heavy Nasdaq gained 1.02%. Shares of the company witnessed a gain of 34.79% over the previous month, beating the performance of the Computer and Technology sector with its gain of 8.25%, and the S&P 500's gain of 4.99%.Market participants will be closely following the financial results of Redd ...
Why Recursion Pharmaceuticals (RXRX) Outpaced the Stock Market Today
ZACKS· 2025-07-03 22:51
In the latest trading session, Recursion Pharmaceuticals (RXRX) closed at $5.27, marking a +1.15% move from the previous day. The stock's performance was ahead of the S&P 500's daily gain of 0.83%. At the same time, the Dow added 0.77%, and the tech-heavy Nasdaq gained 1.02%. The biotechnology company's shares have seen an increase of 6.11% over the last month, surpassing the Medical sector's gain of 2.2% and the S&P 500's gain of 4.99%.The upcoming earnings release of Recursion Pharmaceuticals will be of g ...
Celestica (CLS) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2025-07-03 22:46
Group 1 - Celestica's stock increased by 2.81% to $159.26, outperforming the S&P 500's gain of 0.83% and the Dow's rise of 0.77% [1] - Over the past month, Celestica's stock has risen by 29.19%, leading the Computer and Technology sector's gain of 8.25% and the S&P 500's gain of 4.99% [1] Group 2 - Celestica is projected to report earnings of $1.23 per share, representing year-over-year growth of 35.16%, with expected revenue of $2.65 billion, a 10.95% increase compared to the previous year [2] - For the full year, analysts expect earnings of $5.05 per share and revenue of $10.91 billion, marking changes of +30.15% and +13.15% respectively from last year [3] Group 3 - Recent modifications to analyst estimates for Celestica reflect short-term business trends, with positive revisions indicating a favorable outlook on business health and profitability [4] - The Zacks Rank system, which incorporates estimate changes, provides an actionable rating system, with Celestica currently holding a Zacks Rank of 3 (Hold) [5][6] Group 4 - Celestica is trading with a Forward P/E ratio of 30.65, which is a premium compared to the industry average Forward P/E of 21.91 [7] - The Electronics - Manufacturing Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 42, placing it in the top 18% of over 250 industries [7][8]
CleanSpark (CLSK) Stock Slides as Market Rises: Facts to Know Before You Trade
ZACKS· 2025-07-03 22:46
Company Performance - CleanSpark (CLSK) experienced a decline of 1.84% in the latest trading session, closing at $12.25, which lagged behind the S&P 500's daily gain of 0.83% [1] - Prior to this session, CleanSpark's shares had increased by 30.95%, significantly outperforming the Finance sector's gain of 3.44% and the S&P 500's gain of 4.99% [1] Earnings Expectations - Analysts anticipate CleanSpark will report earnings of -$0.02 per share in the upcoming earnings report, indicating a year-over-year decline of 300% [2] - The Zacks Consensus Estimate for revenue is projected at $188.79 million, reflecting an increase of 81.34% compared to the same period last year [2] Full-Year Estimates - For the full year, Zacks Consensus Estimates predict earnings of $0.64 per share and revenue of $758.76 million, representing year-over-year changes of +346.15% and +100.22%, respectively [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for CleanSpark are important as they often indicate near-term business trends, with upward revisions suggesting analysts' positive outlook on the company's operations and profit generation capabilities [4] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has a strong historical performance, with 1 rated stocks delivering an average annual return of +25% since 1988 [6] - CleanSpark currently holds a Zacks Rank of 3 (Hold), with a consensus EPS projection having decreased by 113.33% in the past 30 days [6] Valuation Metrics - CleanSpark is trading at a Forward P/E ratio of 19.42, which is higher than the industry average Forward P/E of 12.15, indicating that CleanSpark is trading at a premium compared to its peers [7] - The Financial - Miscellaneous Services industry, to which CleanSpark belongs, has a Zacks Industry Rank of 151, placing it within the bottom 39% of over 250 industries [7]
e.l.f. Beauty (ELF) Beats Stock Market Upswing: What Investors Need to Know
ZACKS· 2025-07-03 22:46
Company Performance - e.l.f. Beauty's stock increased by 1.16% to $130.98, outperforming the S&P 500's daily gain of 0.83% [1] - Over the last month, e.l.f. Beauty's shares rose by 10.44%, while the Consumer Staples sector experienced a loss of 0.61% and the S&P 500 gained 4.99% [1] Earnings Expectations - The upcoming earnings report is expected to show an EPS of $0.85, reflecting a 22.73% decline compared to the same quarter last year [2] - Revenue is anticipated to be $350.96 million, indicating an 8.16% increase from the same quarter last year [2] Full Year Projections - Zacks Consensus Estimates project full-year earnings of $3.66 per share and revenue of $1.65 billion, representing increases of 7.96% and 25.39% respectively from the previous year [3] - Recent analyst estimate revisions suggest optimism regarding e.l.f. Beauty's business and profitability [3] Valuation Metrics - e.l.f. Beauty is currently trading at a Forward P/E ratio of 35.37, which is higher than the industry average Forward P/E of 22.8 [6] - The company has a PEG ratio of 2.28, compared to the average PEG ratio of 1.32 for cosmetics stocks [6] Industry Context - The Cosmetics industry is part of the Consumer Staples sector, holding a Zacks Industry Rank of 63, placing it in the top 26% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Eaton (ETN) Rises Higher Than Market: Key Facts
ZACKS· 2025-07-03 22:46
Core Viewpoint - Eaton is expected to report strong financial results, with anticipated earnings per share (EPS) and revenue showing significant year-over-year growth Financial Performance - Eaton's stock closed at $362.22, reflecting a daily increase of 1.13%, outperforming the S&P 500's gain of 0.83% [1] - The company is projected to report an EPS of $2.92, representing a 6.96% increase compared to the same quarter last year, with quarterly revenue expected to reach $6.93 billion, up 9.07% from the previous year [2] - For the annual period, earnings are estimated at $12.02 per share and revenue at $27.36 billion, indicating increases of 11.3% and 9.96% respectively from last year [3] Analyst Estimates and Market Sentiment - Recent adjustments to analyst estimates for Eaton suggest a positive outlook, with a 0.1% increase in the Zacks Consensus EPS estimate over the past month [5] - Eaton currently holds a Zacks Rank of 3 (Hold), indicating a neutral sentiment among analysts [5] Valuation Metrics - Eaton's Forward P/E ratio stands at 29.81, which is higher than the industry average of 22.94, suggesting a premium valuation [6] - The company's PEG ratio is 2.7, compared to the Manufacturing - Electronics industry's average PEG ratio of 1.95, indicating a higher expected growth rate relative to its price [6] Industry Context - The Manufacturing - Electronics industry, part of the Industrial Products sector, holds a Zacks Industry Rank of 90, placing it in the top 37% of over 250 industries [7] - Strong industry performance is indicated, as the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Progressive (PGR) Laps the Stock Market: Here's Why
ZACKS· 2025-07-03 22:46
Company Performance - Progressive's stock increased by 1.5% to $261.66, outperforming the S&P 500 which gained 0.83% [1] - Over the last month, Progressive's shares decreased by 8.64%, lagging behind the Finance sector's gain of 3.44% and the S&P 500's gain of 4.99% [1] Upcoming Earnings - Progressive is set to announce its earnings on July 16, 2025, with analysts expecting earnings of $4.27 per share, reflecting a year-over-year growth of 61.13% [2] - Revenue is anticipated to be $21.52 billion, indicating a 17.86% increase compared to the same quarter last year [2] Full Year Estimates - For the full year, analysts expect earnings of $16.59 per share and revenue of $87.54 billion, representing changes of +18.08% and +16.55% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Progressive are significant as they reflect the evolving business landscape, with positive revisions indicating a favorable business outlook [4] Zacks Rank and Valuation - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Progressive at 3 (Hold) [6] - Progressive's Forward P/E ratio is 15.54, which is a premium compared to its industry's Forward P/E of 11.76 [6] PEG Ratio - Progressive has a PEG ratio of 1.58, which is lower than the average PEG ratio of 2.63 for the Insurance - Property and Casualty industry [7] - The Insurance - Property and Casualty industry is part of the Finance sector and holds a Zacks Industry Rank of 51, placing it in the top 21% of over 250 industries [7][8]
Why NextEra Energy (NEE) Outpaced the Stock Market Today
ZACKS· 2025-07-03 22:46
Group 1: Company Performance - NextEra Energy (NEE) closed at $73.88, with a +1.18% increase, outperforming the S&P 500's daily gain of 0.83% [1] - Prior to the latest trading session, shares of NextEra Energy had gained 4.49%, which was higher than the Utilities sector's gain of 0.18% but lower than the S&P 500's gain of 4.99% [1] Group 2: Earnings Projections - NextEra Energy's projected earnings per share (EPS) for the upcoming quarter is $1.03, reflecting a 7.29% increase from the same quarter last year [2] - The consensus estimate for quarterly revenue is $7.33 billion, indicating a 20.82% increase from the year-ago period [2] Group 3: Annual Forecast - For the entire year, the Zacks Consensus Estimates forecast earnings of $3.68 per share and revenue of $28.95 billion, representing changes of +7.29% and +16.96%, respectively, compared to the previous year [3] - Recent changes to analyst estimates for NextEra Energy are important as they indicate the evolving nature of near-term business trends [3] Group 4: Valuation Metrics - NextEra Energy is currently trading with a Forward P/E ratio of 19.86, which is higher than the industry average Forward P/E of 17.94, suggesting it is trading at a premium [6] - The company holds a PEG ratio of 2.57, which is in line with the average PEG ratio of the Utility - Electric Power industry [7] Group 5: Industry Ranking - The Utility - Electric Power industry, which includes NextEra Energy, has a Zacks Industry Rank of 79, placing it in the top 32% of all industries [8] - The Zacks Industry Rank measures the strength of industry groups by evaluating the average Zacks Rank of individual stocks within those groups [8]