RB (US:RBA) ZACKSยท2024-11-26 18:01Company Overview - RB Global (RBA) currently has a Momentum Style Score of B, indicating a positive momentum characteristic [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - Over the past week, RBA shares increased by 5.44%, outperforming the Zacks Financial Transaction Services industry, which rose by 2.37% [6] - In the last month, RBA's price change was 14.41%, significantly higher than the industry's 2.74% [6] - For longer-term performance, RBA shares rose by 14.36% over the past quarter and 55.04% over the last year, while the S&P 500 increased by 6.59% and 32.84%, respectively [7] Trading Volume - RBA's average 20-day trading volume is 859,414 shares, which serves as a bullish indicator when combined with rising stock prices [8] Earnings Outlook - In the past two months, 2 earnings estimates for RBA have been revised upwards, while 1 estimate was revised downwards, leading to an increase in the consensus estimate from $3.25 to $3.32 [10] - For the next fiscal year, 3 estimates have moved upwards with no downward revisions, indicating a positive earnings outlook [10] Conclusion - Given the positive momentum indicators and earnings outlook, RBA is positioned as a promising investment opportunity with a Momentum Score of B and a Zacks Rank of 2 (Buy) [11]