Generac (US:GNRC) ZACKSยท2024-11-06 18:00Company Overview - Generac Holdings (GNRC) currently holds a Momentum Style Score of B, indicating a favorable momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Price Performance - Over the past week, GNRC shares have increased by 2.74%, outperforming the Zacks Manufacturing - General Industrial industry, which rose by 0.3% [5] - In a longer time frame, GNRC's shares have risen by 6.26% over the past month, compared to the industry's 0.31% [5] - Over the last three months, GNRC shares have increased by 26.39%, and over the past year, they have surged by 75.17%, while the S&P 500 has only moved 11.83% and 34.43%, respectively [6] Trading Volume - GNRC's average 20-day trading volume is 860,480 shares, which serves as a baseline for price-to-volume analysis [7] Earnings Estimates - In the past two months, 9 earnings estimates for GNRC have been revised upwards, while only 1 has been revised downwards, leading to an increase in the consensus estimate from $6.49 to $6.80 [9] - For the next fiscal year, 7 estimates have moved upwards, while 3 have been revised downwards [9] Conclusion - Considering the positive price performance, trading volume, and favorable earnings outlook, GNRC is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [9]