Group 1 - ICL Group Ltd. has entered into a joint venture with Shenzhen Dynanonic Co., Ltd. to produce lithium iron phosphate (LFP) cathode active material in Europe, with an initial investment of approximately €285 million [1] - A new plant is planned at ICL's Sallent, Spain site, which will significantly expand the company's battery materials business and enhance its sustainable supply chain efforts [1][2] - This joint venture aims to leverage ICL's strong position in specialized phosphates and Dynanonic's expertise in battery materials, targeting growth in the European lithium-ion battery market [2][3] Group 2 - Establishing the project in Spain will strengthen the companies' presence in the European market, enhance competitiveness, and support their goal of becoming a leading global provider of energy material solutions [3] - ICL's stock has performed well, gaining 31% over the past year, significantly outperforming the Zacks Fertilizers industry's 2.4% increase [4] - ICL currently holds a Zacks Rank 1 (Strong Buy), indicating strong market confidence in the company's future performance [6]

Core Viewpoint - ICL Group has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, suggesting that revisions in earnings estimates can lead to significant price changes [4][6]. - For ICL Group, the recent increase in earnings estimates reflects an improvement in the company's underlying business, which is expected to positively influence its stock price [5][10]. Zacks Rating System - The Zacks Rank stock-rating system categorizes stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - The system maintains a balanced distribution of ratings, ensuring that only the top 5% of stocks receive a 'Strong Buy' rating, indicating superior earnings estimate revisions [9][10]. Earnings Estimate Revisions for ICL Group - ICL Group is projected to earn $0.37 per share for the fiscal year ending December 2024, reflecting a year-over-year decline of -32.7% [8]. - Over the past three months, the Zacks Consensus Estimate for ICL Group has increased by 2.4%, indicating a positive trend in earnings estimates [8].

Company Overview - ICL Group currently holds a Momentum Style Score of B, indicating a positive momentum outlook [3] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [4] Price Performance - ICL shares have increased by 2.77% over the past week, outperforming the Zacks Fertilizers industry, which rose by 0.62% [6] - Over the last month, ICL's stock price has changed by 14.09%, significantly higher than the industry's 6.68% [6] - In the last quarter, ICL shares rose by 37.96%, and over the past year, they increased by 29.45%, while the S&P 500 showed a 0% change and a 23.73% increase, respectively [7] Trading Volume - ICL's average 20-day trading volume is 617,787 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, three earnings estimates for ICL have been revised upwards, while none have been lowered, leading to an increase in the consensus estimate from $0.34 to $0.37 [10] - For the next fiscal year, two estimates have also moved upwards with no downward revisions [10] Conclusion - Considering the positive price trends, trading volume, and earnings outlook, ICL Group is positioned as a promising investment opportunity with a Momentum Score of B [12]

Core Viewpoint - ICL Group has shown strong stock performance, with a 14.1% increase over the past month and a 14.8% gain since the start of the year, outperforming the Zacks Basic Materials sector and the Zacks Fertilizers industry [1][2]. Financial Performance - ICL Group has consistently exceeded earnings expectations, reporting an EPS of $0.11 against a consensus estimate of $0.08 in its latest earnings report [2]. - For the current fiscal year, ICL Group is projected to achieve earnings of $0.42 per share on revenues of $6.94 billion, with a year-over-year earnings growth of 14.41% [3]. - The next fiscal year forecasts earnings of $0.51 per share on revenues of $7.56 billion, reflecting an 8.86% year-over-year increase [3]. Valuation Metrics - The stock trades at 13.5X current fiscal year EPS estimates, aligning with the peer industry average [7]. - On a trailing cash flow basis, ICL Group trades at 6X compared to the peer group's average of 5.8X [7]. - The PEG ratio stands at 6.46, indicating that the company is not among the top value stocks [7]. Zacks Rank and Style Scores - ICL Group holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates [8]. - The company has a Value Score of A, a Growth Score of C, and a Momentum Score of B, resulting in a combined VGM Score of A [6][8]. - The stock's favorable Zacks Rank and Style Scores suggest potential for further price appreciation in the near term [8].

ICL Group Ltd’s (ICL) shares have gained 23.9% in the past six months, outperforming its industry’s rise of 1.3%.It has also topped the S&P 500’s roughly 3.9% rise over the same period.Image Source: Zacks Investment ResearchLet’s dive into the factors behind this Zacks Rank #2 (Buy) stock’s price appreciation.Strong Q3 Results, Raised Guidance Fuel Optimism for ICLICL’s third-quarter adjusted earnings per share (EPS) of 11 cents beat the Zacks Consensus Estimate of 8 cents. ICL also reported quarterly reven ...

Group 1: Company Overview - ICL Group Ltd. is focused on expanding its innovative product range while implementing targeted cost and efficiency initiatives [1] - The company is currently rated as Zacks Rank 1 (Strong Buy), indicating positive prospects for investment [1] Group 2: Stock Performance - ICL has outperformed its industry over the past year, with shares rallying 8% compared to a 7.9% decline in the industry [2] - Earnings estimates for ICL for 2024 and 2025 have increased, with a rise of 8.8% for 2024 and 2.4% for 2025 over the past 60 days [3] Group 3: Earnings and Guidance - ICL has consistently outperformed the Zacks Consensus Estimate in the last four quarters, with an average earnings surprise of 18.1% [4] - The company raised its full-year 2024 outlook, projecting specialties-driven EBITDA of $0.95-$1.05 billion, up from the previous estimate of $0.8-$1 billion [5] Group 4: Product Innovations - ICL recently launched VeriQuel R100, a phosphorus-based flame retardant for rigid polyurethane insulation products, enhancing fire safety without compromising performance [6] - The company is also investing in sustainable food-sector solutions, such as the Rovitaris Binding Solution, to meet evolving customer demands [8]

Core Insights - ICL Group Ltd. has launched a new phosphorus-based flame retardant product, VeriQuel R100, aimed at enhancing sustainability in rigid polyurethane insulation products [1][2] - The product is designed to meet stricter global environmental regulations and is compatible with existing manufacturing processes, facilitating a smoother transition for manufacturers [2] - The global rigid polyurethane foam market is projected to grow from approximately $21 billion in 2023 at a CAGR of 5.8% from 2024 to 2030, driven primarily by the construction industry [3] Company Developments - ICL has invested over $2 million in R&D for VeriQuel R100, which is already being utilized by four leading U.S. commercial roofing companies, with six more in development [1][2] - ICL's stock has increased by 1% over the past year, contrasting with an 11.5% decline in its industry [4] Market Context - The demand for environmentally friendly building materials is rising, positioning VeriQuel R100 as a key solution that balances performance and fire safety [3] - The construction industry's growth is a significant factor driving the demand for rigid polyurethane foam, which is known for its energy efficiency and cost-effectiveness [3]

Momentum investing is essentially the opposite of the tried-and-tested Wall Street adage -- "buy low and sell high." Investors following this investing style typically avoid betting on cheap stocks and waiting long for them to recover. They believe instead that one could make far more money in lesser time by "buying high and selling higher."Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth po ...

For Immediate ReleaseChicago, IL – November 27, 2024 – Today, Zacks Equity Research CF Industries Holdings, Inc. (CF) , Yara International ASA (YARIY) and ICL Group Ltd. (ICL) .Industry: FertilizerLink: https://www.zacks.com/commentary/2375063/3-fertilizer-stocks-to-keep-an-eye-on-in-a-challenging-industryThe Zacks Fertilizers industry is buffeted by softer fertilizer prices on demand weakness as growers have reduced application rates partly due to affordability issues. Elevated costs of key raw materials p ...

I first wrote about ICL Group (NYSE: ICL ) with the thesis that it was a very cheap stock with solid growth potential stemming from the rebound in fertilizer demand. Since then, the stock is now roughlyAmateur value investor seeking bargains in any market, with a specific focus on emerging markets. Admires great investors such as Li Lu and Peter Lynch, and am not afraid to go against the grain. Willing to buy any company at the right price, and is looking for low-risk and high uncertainty bets. My purpose i ...