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Bull of the Day: The AZEK Co. (AZEK)
Zacks Investment Research· 2024-02-15 12:16
The AZEK Company Inc. (AZEK) is seeing a rise in sales as demand returns to residential building. This Zacks Rank #1 (Strong Buy) is expected to grow earnings by the double digits in both Fiscal 2024 and Fiscal 2025.The AZEK Company makes low maintenance and environmentally sustainable outdoor living products including TimberTech decking and railing, Versatex and AZEK Trim, and StruXure pergolas. The products are made from up to 85% recycled material and primarily replace wood on the outside of homes.Anothe ...
Best Growth Stocks to Buy for February 14th
Zacks Investment Research· 2024-02-14 08:01
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, February 14:Royal Caribbean Cruises Ltd. (RCL) : This cruise company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 6% over the last 60 days.Royal Caribbean Cruises has a PEG ratio of 0.45 compared with 1.21 for the industry. The company possesses a Growth Score of A.Ralph Lauren Corporation (RL) : This lifestyle products company has seen t ...
Surging Earnings Estimates Signal Upside for The AZEK Company (AZEK) Stock
Zacks Investment Research· 2024-02-12 18:20
The AZEK Company (AZEK) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends ...
What Makes The AZEK Company (AZEK) a Strong Momentum Stock: Buy Now?
Zacks Investment Research· 2024-02-12 18:01
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 ...
Best Momentum Stocks to Buy for February 12th
Zacks Investment Research· 2024-02-12 16:01
Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, February 12:The AZEK Company Inc. (AZEK) : This building products company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 15.6% over the last 60 days.The AZEK Company Inc's shares gained 58.2% over the last three months compared with the S&P 500’s advance of 13.6%. The company possesses a Momentum Score of A.Demant A/S (WILYY) : This hearing healthc ...
Best Growth Stocks to Buy for February 12th
Zacks Investment Research· 2024-02-12 11:46
Here are three stocks with buy ranks and strong growth characteristics for investors to consider today, February 12:Ralph Lauren Corporation (RL) : This lifestyle products company has seen the Zacks Consensus Estimate for its current year earnings increasing 5.1% over the last 60 days.Ralph Lauren Corporation has a PEG ratio of 1.16 compared with 1.59 for the industry. The company possesses a Growth Score of B.Royal Caribbean Cruises Ltd. (RCL) : This cruise company carries a Zacks Rank #1, and has witnesse ...
The AZEK Company(AZEK) - 2024 Q1 - Earnings Call Transcript
2024-02-07 01:35
The AZEK Company Inc. (NYSE:AZEK) Q1 2024 Results Conference Call February 6, 2024 5:00 PM ET Company Participants Eric Robinson - IR Jesse Singh - CEO Peter Clifford - CFO Conference Call Participants Keith Hughes - Truist Phil Ng - Jefferies Matthew Bouley - Barclays Ryan Merkel - William Blair Michael Rehaut - JPMorgan Robert Schultz - Baird John Lovallo - UBS Susan Maklari - Goldman Sachs Mike Dahl - RBC Capital Markets Rafe Jadrosich - Bank of America Operator Welcome to the AZEK Company's First Quarte ...
Here's What Key Metrics Tell Us About The AZEK Company (AZEK) Q1 Earnings
Zacks Investment Research· 2024-02-07 00:31
For the quarter ended December 2023, The AZEK Company (AZEK) reported revenue of $240.44 million, up 11.2% over the same period last year. EPS came in at $0.10, compared to -$0.09 in the year-ago quarter.The reported revenue compares to the Zacks Consensus Estimate of $234.12 million, representing a surprise of +2.70%. The company delivered an EPS surprise of +100.00%, with the consensus EPS estimate being $0.05.While investors scrutinize revenue and earnings changes year-over-year and how they compare with ...
The AZEK Company (AZEK) Beats Q1 Earnings and Revenue Estimates
Zacks Investment Research· 2024-02-06 23:21
The AZEK Company (AZEK) came out with quarterly earnings of $0.10 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to loss of $0.09 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 100%. A quarter ago, it was expected that this company would post earnings of $0.30 per share when it actually produced earnings of $0.36, delivering a surprise of 20%.Over the last four quarters, the company has surp ...
The AZEK Company Announces Strong First Quarter Fiscal 2024 Results Driven by Underlying Residential Segment Demand and Execution of Margin Expansion Initiatives; Raises Full-Year Fiscal 2024 Net Sales and Adjusted EBITDA Outlook
Businesswire· 2024-02-06 21:05
CHICAGO--(BUSINESS WIRE)--The AZEK Company Inc. (NYSE: AZEK) (“AZEK” or the “Company”), the industry-leading manufacturer of beautiful, low-maintenance and environmentally sustainable outdoor living products, including TimberTech® decking and railing, Versatex® and AZEK® Trim and StruXure® pergolas, today announced financial results for its fiscal first quarter ended December 31, 2023. CEO COMMENTS “The AZEK team delivered strong results ahead of plan this quarter, including 11% net sales growth year-ov ...