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ICL Group (ICL) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2025-01-21 18:00
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].
ICL Group (ICL) is a Great Momentum Stock: Should You Buy?
ZACKS· 2025-01-15 18:00
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]
ICL Group Ltd. (ICL) Hits Fresh High: Is There Still Room to Run?
ZACKS· 2025-01-15 15:16
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's Shares Rally 24% in 6 Months: What's Driving the Stock?
ZACKS· 2025-01-14 13:16
Core Viewpoint - ICL Group Ltd has demonstrated strong performance in the stock market, significantly outperforming its industry and the S&P 500 over the past six months, driven by robust financial results and strategic initiatives [1][2]. Financial Performance - ICL reported adjusted earnings per share (EPS) of 11 cents for Q3, exceeding the Zacks Consensus Estimate of 8 cents [3]. - The company achieved quarterly revenues of $1,753 million, surpassing the Zacks Consensus Estimate of $1,732.7 million [3]. - ICL has consistently exceeded earnings estimates in the last four quarters, with an average surprise of 18.1% [5]. Guidance and Projections - ICL raised its full-year 2024 EBITDA guidance to between $0.95 billion and $1.05 billion, up from the previous estimate of $0.8–$1 billion [4]. - The company plans to maintain total annual potash sales volumes for 2024 at 4.6 million metric tons, consistent with 2023 sales volumes [4]. Product Innovation - ICL launched VeriQuel R100, a phosphorus-based flame retardant designed for rigid polyurethane insulation, with over $2 million invested in R&D [6]. - This product aims to meet the growing demand for environmentally friendly building materials while ensuring fire safety [6]. Strategic Investments - ICL announced a follow-on investment in Plantible Foods as part of its Series B round, enhancing collaboration and commitment to sustainable food-sector solutions [7]. - The investment aligns with ICL's strategy to develop innovative ingredients that meet evolving customer demands [7].
Here's Why You Should Add ICL Group Stock to Your Portfolio Now
ZACKS· 2025-01-09 14:20
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]
ICL Group Launches VeriQuel R100 Phosphorus Flame Retardant
ZACKS· 2024-12-17 14:00
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]
Why Fast-paced Mover ICL Group (ICL) Is a Great Choice for Value Investors
ZACKS· 2024-12-11 14:51
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 ...
Zacks Industry Outlook CF Industries, Yara International and ICL Group
ZACKS· 2024-11-27 08:11
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 ...
ICL Group: Resilient Performance Suggests Potential Rebound
Seeking Alpha· 2024-11-20 12:19
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 ...
ICL Group's Earnings and Revenues Surpass Estimates in Q3
ZACKS· 2024-11-15 21:01
ICL Group Ltd (ICL) recorded profits of $113 million or 9 cents per share in third-quarter 2024, down from $137 million or 11 cents in the year-ago quarter. Barring one-time items, adjusted earnings per share were 11 cents. The bottom line beat the Zacks Consensus Estimate of 8 cents.Find the latest EPS estimates and surprises on Zacks Earnings Calendar.Sales fell around 6% yearly to $1,753 million in the quarter. The figure beat the Zacks Consensus Estimate of $1,732.7 million.ICL’s Segment HighlightsSales ...