Two factors often determine stock prices in the long run: earnings and interest rates. Investors can't control the latter, but they can focus on a company's earnings results every quarter.Life and the stock market are both about expectations, and rising above what is expected is often rewarded, while falling short can come with negative consequences. Investors might want to try to capture stronger returns by finding positive earnings surprises.The ability to identify stocks that are likely to top quarterly ...

Wall Street expects a year-over-year increase in earnings on higher revenues when Applied Industrial Technologies (AIT) 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 earnings report, which is expected to be released on April 25, 2024, might help the stock move higher if these key numbers ar ...

The U.S. manufacturing sector is trying to make a solid rebound on higher demands which is driving production at factories. The rebound follows months of struggle for the manufacturing sector that saw demand slowing as higher borrowing rates weighed on the economy.The Federal Reserve reported on Apr 16 that industrial production rose 0.4% in March, in line with the consensus estimate and the same as in February. Manufacturing output increased 0.5% in March. February’s numbers were revised 1.2% upward from t ...

Several highly ranked stocks are standing out in terms of momentum this spring and seeing a very positive trend of upward earnings estimate revisions.Belonging to the Zacks Rank #1 (Strong Buy) list, here are three of these top-rated stocks to consider at the moment.Applied Industrial Technologies (AIT) Along with rising EPS estimates, Applied Industrial Technologies’ improved cash flow is very intriguing as a distributor of value-added industrial products including engineered fluid power components, bearin ...

The U.S. manufacturing sector, which suffered over the past year, is finally showing signs of a rebound as new orders and production continue to increase. The Commerce Department reported that new orders for U.S.-made manufactured goods jumped 1.4% in February after declining 3.8% in January.This was also higher than the consensus estimate of a rise of 1%. Year over year, factory orders increased 1% in February.Higher orders for commercial aircraft and motor vehicles drove the solid jump in February. Orders ...

Investors generally consider a 52-week high a good criterion for determining an entry or exit point for a given stock. However, stocks touching new 52-week highs are often predisposed to profit-taking, resulting in pullbacks and trend reversals.Moreover, given the high price, investors often wonder if the stock is overpriced. While the speculation is not absolutely baseless, all stocks hitting a 52-week high are not necessarily overpriced.In fact, investors might lose out on top gainers in an attempt to avo ...

Growth stocks are attractive to many investors, as above-average financial growth helps these stocks easily grab the market's attention and produce exceptional returns. But finding a great growth stock is not easy at all.By their very nature, these stocks carry above-average risk and volatility. Moreover, if a company's growth story is over or nearing its end, betting on it could lead to significant loss.However, the Zacks Growth Style Score (part of the Zacks Style Scores system), which looks beyond the tr ...

If you are looking for a stock that has a solid history of beating earnings estimates and is in a good position to maintain the trend in its next quarterly report, you should consider Applied Industrial Technologies (AIT) . This company, which is in the Zacks Manufacturing - General Industrial industry, shows potential for another earnings beat.This industrial products company has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

Investors might want to bet on Applied Industrial Technologies (AIT) , as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and follow ...