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AudioEye (AEYE) Declines More Than Market: Some Information for Investors
ZACKSยท 2025-09-23 23:16
AudioEye (AEYE) ended the recent trading session at $13.93, demonstrating a -1.62% change from the preceding day's closing price. This change lagged the S&P 500's daily loss of 0.55%. Elsewhere, the Dow saw a downswing of 0.19%, while the tech-heavy Nasdaq depreciated by 0.95%. The company's stock has climbed by 18.3% in the past month, exceeding the Computer and Technology sector's gain of 9.88% and the S&P 500's gain of 3.64%.The investment community will be closely monitoring the performance of AudioEye ...
Grab Holdings Limited (GRAB) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKSยท 2025-09-23 23:01
In the latest trading session, Grab Holdings Limited (GRAB) closed at $6.32, marking a -2.02% move from the previous day. This change lagged the S&P 500's 0.55% loss on the day. Elsewhere, the Dow saw a downswing of 0.19%, while the tech-heavy Nasdaq depreciated by 0.95%. Heading into today, shares of the company had gained 28.74% over the past month, outpacing the Computer and Technology sector's gain of 9.88% and the S&P 500's gain of 3.64%.Investors will be eagerly watching for the performance of Grab Ho ...
Western Digital (WDC) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKSยท 2025-09-23 23:01
Group 1 - Western Digital's stock closed at $110.25, reflecting a -1.92% change from the previous day's closing price, which is less than the S&P 500's daily loss of 0.55% [1] - The stock has increased by 41.9% over the past month, outperforming the Computer and Technology sector's gain of 9.88% and the S&P 500's gain of 3.64% [1] Group 2 - The upcoming earnings per share (EPS) for Western Digital is projected at $1.57, indicating an 11.80% decline compared to the same quarter last year, with revenue expected to be $2.7 billion, down 34.03% from the prior-year quarter [2] - For the entire year, the Zacks Consensus Estimates forecast earnings of $6.52 per share and revenue of $10.92 billion, reflecting changes of +32.25% and -17.76% respectively compared to the previous year [3] Group 3 - Recent changes to analyst estimates for Western Digital are important as they reflect shifting business dynamics, with upward revisions indicating analysts' positive outlook on the company's operations [4] - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), has Western Digital currently rated at 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [6] Group 4 - Western Digital has a Forward P/E ratio of 17.25, which is in line with the industry average [7] - The company's PEG ratio is currently 1.17, compared to the Computer-Storage Devices industry's average PEG ratio of 2.19, indicating a more favorable valuation relative to expected earnings growth [8] Group 5 - The Computer-Storage Devices industry, part of the Computer and Technology sector, has a Zacks Industry Rank of 206, placing it in the bottom 17% of over 250 industries [8] - The Zacks Industry Rank measures the strength of industry groups based on the average Zacks Rank of individual stocks, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [9]
Enphase Energy (ENPH) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKSยท 2025-09-23 23:01
Enphase Energy (ENPH) closed at $37.36 in the latest trading session, marking a -7.75% move from the prior day. This change lagged the S&P 500's daily loss of 0.55%. On the other hand, the Dow registered a loss of 0.19%, and the technology-centric Nasdaq decreased by 0.95%. The solar technology company's shares have seen an increase of 5.94% over the last month, surpassing the Oils-Energy sector's gain of 1.1% and the S&P 500's gain of 3.64%.Analysts and investors alike will be keeping a close eye on the pe ...
NRG Energy (NRG) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKSยท 2025-09-23 23:01
In the latest trading session, NRG Energy (NRG) closed at $167.43, marking a -2.07% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.55%. Elsewhere, the Dow saw a downswing of 0.19%, while the tech-heavy Nasdaq depreciated by 0.95%. Heading into today, shares of the power company had gained 18.1% over the past month, outpacing the Utilities sector's loss of 1.16% and the S&P 500's gain of 3.64%.Market participants will be closely following the financial results of ...
Symbotic Inc. (SYM) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKSยท 2025-09-23 23:01
Symbotic Inc. (SYM) ended the recent trading session at $54.22, demonstrating a -10.72% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.55%. On the other hand, the Dow registered a loss of 0.19%, and the technology-centric Nasdaq decreased by 0.95%. Coming into today, shares of the company had gained 32.77% in the past month. In that same time, the Business Services sector gained 0.72%, while the S&P 500 gained 3.64%. Market participants will ...
Here's Why Bit Digital, Inc. (BTBT) Fell More Than Broader Market
ZACKSยท 2025-09-23 22:51
Company Performance - Bit Digital, Inc. (BTBT) experienced a stock decline of 1.59% to $3.09, which was less than the S&P 500's daily loss of 0.55% [1] - Over the past month, the company's shares gained 12.95%, outperforming the Business Services sector's gain of 0.72% and the S&P 500's gain of 3.64% [1] Earnings Expectations - The upcoming earnings report for Bit Digital, Inc. is expected to show an EPS of $0, representing a 100% increase compared to the same quarter last year [2] - Revenue is anticipated to be $30.82 million, reflecting a 35.69% increase from the prior-year quarter [2] Full Year Projections - For the full year, Zacks Consensus Estimates project earnings of -$0.2 per share and revenue of $117.02 million, indicating changes of +28.57% and +8.3% respectively from the previous year [3] - Recent changes to analyst estimates for Bit Digital, Inc. may indicate shifting business dynamics, with positive revisions suggesting analysts' confidence in the company's performance [3] Zacks Rank and Industry Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Bit Digital, Inc. at 3 (Hold) [5] - The Technology Services industry, part of the Business Services sector, holds a Zacks Industry Rank of 91, placing it in the top 37% of over 250 industries [6] - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [6]
Emcor Group (EME) Sees a More Significant Dip Than Broader Market: Some Facts to Know
ZACKSยท 2025-09-23 22:51
Group 1 - Emcor Group (EME) closed at $644.70, down 1.7% from the previous session, underperforming the S&P 500's loss of 0.55% [1] - Prior to the recent trading day, Emcor's shares had increased by 7.66%, outperforming the Construction sector's decline of 1.4% and the S&P 500's gain of 3.64% [1] Group 2 - Emcor Group is expected to report an EPS of $6.57, reflecting a 13.28% increase from the prior-year quarter, with projected revenue of $4.22 billion, a 14.04% rise year-over-year [2] - Full-year Zacks Consensus Estimates predict earnings of $25.11 per share and revenue of $16.75 billion, indicating year-over-year changes of +16.68% and +15%, respectively [3] Group 3 - Recent changes to analyst estimates for Emcor Group are important as they reflect short-term business trends, with positive revisions indicating analysts' confidence in the company's performance [4] - The Zacks Rank system, which incorporates estimate changes, currently rates Emcor Group as 1 (Strong Buy), with a historical average annual return of +25% for stocks rated 1 since 1988 [6] Group 4 - Emcor Group's Forward P/E ratio stands at 26.11, aligning with the industry average Forward P/E of 26.11, within the Building Products - Heavy Construction industry, which ranks in the top 2% of over 250 industries [7]
Plug Power (PLUG) Declines More Than Market: Some Information for Investors
ZACKSยท 2025-09-23 22:51
Company Performance - Plug Power's stock closed at $2.53, down 4.53% from the previous trading session, underperforming the S&P 500's loss of 0.55% [1] - Over the last month, Plug Power's shares increased by 58.68%, significantly outperforming the Computer and Technology sector's gain of 9.88% and the S&P 500's gain of 3.64% [1] Earnings Expectations - Analysts expect Plug Power to report earnings of -$0.13 per share in the upcoming earnings report, indicating a year-over-year growth of 48% [2] - Revenue is projected to be $188.33 million, reflecting an 8.41% increase compared to the same quarter last year [2] Annual Projections - For the annual period, the Zacks Consensus Estimates predict earnings of -$0.61 per share and revenue of $707.02 million, representing increases of 77.24% and 12.44% respectively from the previous year [3] Analyst Estimates and Stock Performance - Changes in analyst estimates for Plug Power are crucial as they often reflect short-term business dynamics, with positive adjustments indicating a favorable outlook on business health and profitability [3] - The Zacks Rank system, which incorporates estimate changes, has a strong track record of outperforming, with stocks rated 1 yielding an average annual return of +25% since 1988 [5] Industry Context - Plug Power operates within the Electronics - Miscellaneous Products industry, which is part of the Computer and Technology sector, currently holding a Zacks Industry Rank of 86, placing it in the top 35% of over 250 industries [6]
Progressive (PGR) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKSยท 2025-09-23 22:51
Company Overview - Progressive (PGR) stock closed at $238.61, reflecting a -1.05% change from the previous day's closing price, underperforming the S&P 500 which lost 0.55% [1] - Prior to the recent trading session, Progressive shares had decreased by 1.2%, lagging behind the Finance sector's gain of 2.06% and the S&P 500's gain of 3.64% [1] Earnings Expectations - The upcoming earnings release is anticipated to show an EPS of $4.53, representing a 26.54% increase from the same quarter last year [2] - Revenue is expected to reach $22.45 billion, indicating a growth of 15.51% compared to the corresponding quarter of the previous year [2] - For the entire fiscal year, earnings are projected at $18.24 per share and revenue at $87.4 billion, reflecting increases of +29.82% and +16.37% respectively from the prior year [3] Analyst Estimates and Rankings - Recent modifications to analyst estimates for Progressive indicate evolving short-term business trends, with positive revisions suggesting analyst optimism regarding profitability [4] - The Zacks Rank system, which assesses estimated changes, currently ranks Progressive at 2 (Buy), with a 3.32% increase in the consensus EPS estimate over the last 30 days [6] Valuation Metrics - Progressive is currently trading at a Forward P/E ratio of 13.22, which is above the industry average of 11.37, indicating a premium valuation [7] - The company has a PEG ratio of 1.36, compared to the industry average PEG ratio of 2.46, suggesting a more favorable valuation relative to expected earnings growth [8] Industry Context - The Insurance - Property and Casualty industry, part of the Finance sector, holds a Zacks Industry Rank of 37, placing it in the top 15% of over 250 industries [9] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [9]