ST. LOUIS, July 09, 2024 (GLOBE NEWSWIRE) -- BellRing Brands, Inc. (NYSE:BRBR) today announced it will hold a conference call on Tuesday, August 6, 2024 at 9:00 a.m. EDT to discuss financial results for the third quarter of fiscal year 2024 and fiscal year 2024 outlook and to respond to questions. Darcy H. Davenport, President and Chief Executive Officer, and Paul A. Rode, Chief Financial Officer, will participate in the call. BellRing also announced it plans to release its financial results for the third q ...

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Prior to today's trading, shares of the nutritional supplements company had lost 3.79% over the past month. This has lagged the Medical sector's gain of 2.89% and the S&P 500's gain of 2.85% in that time. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.81 per share and a revenue of $1.97 billion, representing changes of +37.12% and +18.15%, respectively, from the prior year. Based on our research, we believe these estimate revisions are directly related to near-team s ...

Core Insights - The stock market continues to produce life-changing growth stocks, with favorable conditions for the next generation of growth stocks due to a robust job market, booming business-to-business spending, and a potential Federal Reserve interest rate cut [1][2] Group 1: Shopify (SHOP) - Shopify is positioned to benefit from the long-term growth of e-commerce, having grown revenues from $105 million in 2014 to $7.4 billion in the trailing twelve months, representing a 70x revenue growth [5] - Global e-commerce penetration is currently under 25%, with revenues expected to grow at approximately 9.49% annually, reaching $6.4 trillion by 2029 [6] - Shopify's gross merchandise volume in the B2B e-commerce segment grew 130% year-over-year in Q1 2024, indicating strong growth potential [8] Group 2: BellRing Brands (BRBR) - BellRing Brands reported a 28% year-over-year revenue growth in the most recent quarter, capitalizing on the expanding convenient nutrition category [10] - The adoption of ready-to-drink shakes is increasing, with household penetration rising from 38% in 2019 to 45% in 2023, indicating a long growth runway for the company [11] - Management's fiscal 2024 guidance estimates net sales between $1.93 billion and $1.99 billion, representing at least 15% growth, highlighting its strong position in the consumer staples sector [13] Group 3: Nextracker (NXT) - Nextracker is a leader in solar tracker technology, benefiting from the global shift to renewable energy, with installed solar power capacity expected to triple by 2033 [15] - The company reported a 42% increase in sales to $737 million in Q4 fiscal year 2024, with revenue growth accelerating from 38% in the previous quarter [17] - Management provided revenue guidance for fiscal year 2025 in the range of $2.8 billion to $2.9 billion, indicating at least 12% growth, along with an expected increase in adjusted EBITDA from $521 million to between $600 million and $650 million [18]

Group 1 - BellRing Brands (BRBR) is a notable stock within the Medical sector, currently outperforming the sector with a year-to-date return of approximately 6.6% compared to the sector average of 4.5% [4] - The Zacks Rank for BellRing Brands is 1 (Strong Buy), indicating a positive earnings outlook and strong analyst sentiment, with a 6.9% increase in the consensus estimate for full-year earnings over the past 90 days [3][4] - The Medical group ranks 6 within the Zacks Sector Rank, which evaluates the strength of 16 different groups based on the average Zacks Rank of individual stocks [2] Group 2 - BellRing Brands is part of the Medical - Products industry, which includes 91 stocks and currently ranks 95 in the Zacks Industry Rank, with an average gain of 2.7% year-to-date [6] - Another stock, DaVita HealthCare (DVA), has also outperformed the sector with a year-to-date return of 26.2% and a Zacks Rank of 2 (Buy) [5] - The Medical - Outpatient and Home Healthcare industry, which includes DaVita HealthCare, has 19 stocks and is ranked 53, with a year-to-date gain of 7.2% [6]

Core Insights - Earnings growth is essential for the sustainability of both start-ups and established companies, as it directly influences share price and overall financial health [1][2] - Market expectations of earnings significantly impact stock price movements, often leading to declines in stock prices even when earnings grow if they do not meet these expectations [2][3] Earnings Estimates & Investment Decisions - Earnings estimates reflect analysts' views on various factors such as sales growth, product demand, and profit margins, serving as a critical tool for investment decisions [3] - Investors are encouraged to seek stocks with a history of earnings growth and positive revisions in earnings estimates [4] Screening Measures for Stock Selection - A screening process has been established to identify stocks with notable earnings growth and positive estimate revisions, utilizing parameters such as Zacks Rank and historical EPS growth [5][6] - Specific criteria include a Zacks Rank of 2 or lower, a year-over-year earnings growth of at least 5%, and positive revisions in quarterly and annual earnings estimates [6][7] Highlighted Stocks - BellRing Brands (BRBR) has a Zacks Rank of 1 (Strong Buy) with an expected earnings growth rate of 34.9% for the current year [7] - ResMed (RMD) also holds a Zacks Rank of 1, with an expected earnings growth rate of 17.9% [8] - NVIDIA (NVDA), ranked 2 (Buy), is projected to have an earnings growth rate of 84.7% for the current year [8] - Transdigm Group (TDG), with a Zacks Rank of 2, has an expected earnings growth rate of 21.7% [9]

Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: BellRing Brands (BRBR) - BellRing Brands currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 1 (Strong Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, BRBR shares increased by 4.2%, while the Zacks Medical - Products industry saw a slight decline of 0.09% [5] - In a longer timeframe, BRBR's shares rose by 8.82% over the past month, significantly outperforming the industry's 0.66% [5] - Over the last quarter, BRBR shares increased by 6.19%, and over the past year, they gained 64.46%, compared to the S&P 500's increases of 4.25% and 27.92%, respectively [6] Trading Volume - The average 20-day trading volume for BRBR is 1,197,078 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, 7 earnings estimates for BRBR have been revised upwards, with no downward revisions, leading to an increase in the consensus estimate from $1.67 to $1.78 [9] - For the next fiscal year, 7 estimates have also moved higher without any downward revisions [9] Conclusion - Given the positive momentum indicators and earnings outlook, BRBR is positioned as a strong buy candidate for investors seeking short-term opportunities [10]

BellRing Brands (BRBR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of 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 following years.The ...

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 growth stock that can live up to its true potential can be a tough task.That's because, these stocks usually carry above-average risk and volatility. In fact, betting on a stock for which the growth story is actually over or nearing its end could lead to significant loss.However, it's pretty easy to find cutting-edge growth sto ...