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.In addition to volatility, these stocks carry above-average risk by their very nature. Also, one could end up losing from a stock whose growth story is actually over or nearing its end.However, the Zacks Growth Style Score (part of the Zacks Style Scores sy ...

SPX Technologies (SPXC) appears an attractive pick, as it has been recently upgraded to a Zacks Rank #2 (Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a changing earn ...

Wall Street expects a year-over-year increase in earnings on higher revenues when SPX Technologies (SPXC) reports results for the quarter ended September 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 October 30, 2024, might help the stock move higher if these key numbers are better ...

CHARLOTTE, N.C., Oct. 07, 2024 (GLOBE NEWSWIRE) -- SPX Technologies (NYSE:SPXC) announced today that it will release its financial results for the third quarter of fiscal year 2024 after the U.S. financial markets close on Wednesday, October 30, 2024. In conjunction with this announcement, SPX Technologies' President and Chief Executive Officer Gene Lowe and SPX Technologies' Vice President, Chief Financial Officer and Treasurer Mark Carano will discuss the Company's financial results and business outlook d ...

CHARLOTTE, N.C., Sept. 30, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) announced today that its seventh annual sustainability report with data covering 2023 is available on the company's website at (https://www.spx.com/our-company/sustainability-reporting/). Gene Lowe, President and CEO of SPX Technologies commented, "I am pleased to present our latest sustainability report, sharing another year of progress. Sustainability is a key component of our value creation framework, and is embedded i ...

CHARLOTTE, N.C., Sept. 26, 2024 (GLOBE NEWSWIRE) -- SPX Technologies, Inc. (NYSE:SPXC) ("SPX", or the "Company"), is pleased to announce the appointment of Jennifer Carpenter as its new Chief Human Resources Officer (CHRO), effective September 30, 2024. She succeeds Tausha White, who earlier this year announced her decision to retire. Ms. Carpenter joins SPX with an extensive background of human resources and leadership experience. Gene Lowe, President and CEO, commented, "We are very pleased to welcome Jen ...

For those looking to find strong Business Services stocks, it is prudent to search for companies in the group that are outperforming their peers. Has SPX Technologies (SPXC) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Business Services peers, we might be able to answer that question. SPX Technologies is a member of the Business Services sector. This group includes 317 individual stocks and currently holds a Zacks Sector Rank of #6. The Za ...

Company Performance - SPX Technologies (SPXC) has achieved a year-to-date performance increase of approximately 48.2%, significantly outperforming the average return of 8.4% for the Business Services sector [4] - The Zacks Consensus Estimate for SPXC's full-year earnings has increased by 3.3% over the past quarter, indicating improved analyst sentiment and a stronger earnings outlook [3] Industry Ranking - SPX Technologies is part of the Technology Services industry, which consists of 171 companies and currently ranks 88 in the Zacks Industry Rank. This industry has seen an average gain of 20.4% year-to-date, with SPXC outperforming this average [5] - The Business Services group, which includes SPX Technologies, ranks 5 within the Zacks Sector Rank, which encompasses 16 different groups [2] Comparison with Peers - Envestnet (ENV), another company in the Business Services sector, has returned 27.2% year-to-date and also holds a Zacks Rank of 2 (Buy) [4][5] - The Financial Transaction Services industry, to which Envestnet belongs, is ranked 84 and has experienced a 6% increase this year [6]

Core Viewpoint - SPX Technologies reported strong quarterly earnings, surpassing estimates and showing significant year-over-year growth in both earnings and revenues [1][2]. Financial Performance - The company achieved quarterly earnings of $1.42 per share, exceeding the Zacks Consensus Estimate of $1.26 per share, and up from $1.06 per share a year ago, representing an earnings surprise of 12.70% [1]. - Revenues for the quarter reached $501.3 million, surpassing the Zacks Consensus Estimate by 2.11%, and increased from $423.3 million in the same quarter last year [2]. Market Performance - SPX Technologies shares have appreciated approximately 46.1% since the beginning of the year, significantly outperforming the S&P 500's gain of 15.8% [3]. Future Outlook - The company's earnings outlook is crucial for assessing future stock performance, with current consensus EPS estimates at $1.32 for the next quarter and $5.37 for the current fiscal year, alongside projected revenues of $503.2 million and $2 billion respectively [7]. - The Zacks Rank for SPX Technologies is currently 2 (Buy), indicating expectations for the stock to outperform the market in the near future [6]. Industry Context - The Technology Services industry, to which SPX Technologies belongs, is currently ranked in the top 38% of over 250 Zacks industries, suggesting a favorable environment for stock performance [8].

Group 1: Company Performance - SPX Technologies has returned 47.2% year-to-date, significantly outperforming the average return of 8.5% for Business Services companies [6] - Seagate has achieved a year-to-date return of 21.1%, also outperforming the Business Services sector [7] - SPX Technologies holds a Zacks Rank of 2 (Buy), indicating a strong earnings outlook [5][6] Group 2: Earnings Estimates - The consensus EPS estimate for Seagate has increased by 32.3% over the past three months, reflecting improved analyst sentiment [2] - SPX Technologies' full-year earnings estimate has moved 6.3% higher in the past quarter, indicating a stronger earnings outlook [6] Group 3: Industry Context - SPX Technologies is part of the Technology Services industry, which consists of 170 companies and currently ranks 87 in the Zacks Industry Rank [8] - The Technology Services industry has gained an average of 18% year-to-date, with SPX Technologies outperforming this average [8]