Workflow
Earnings estimate revisions
icon
Search documents
Legend Biotech (LEGN) Surges 6.0%: Is This an Indication of Further Gains?
ZACKS· 2025-07-18 12:26
Company Overview - Legend Biotech Corporation's shares increased by 6% to close at $42.13, with a notable trading volume compared to normal sessions, and a total gain of 13.9% over the past four weeks [1][2] Product Performance - The rise in stock price is attributed to investor optimism regarding the strong sales of Carvykti, a therapy for relapsed or refractory multiple myeloma, developed in partnership with Johnson & Johnson [2] Financial Expectations - The company is projected to report a quarterly loss of $0.18 per share, reflecting a year-over-year decline of 260%, while revenues are expected to reach $233.67 million, marking a 25.3% increase from the previous year [3] - The consensus EPS estimate for the upcoming quarter has been revised 4.1% higher in the last 30 days, indicating a potential for price appreciation [4] Industry Context - Legend Biotech is categorized within the Zacks Medical - Biomedical and Genetics industry, where Vanda Pharmaceuticals, another company in the same sector, has also shown a 1% increase in its stock price recently [4] - Vanda's consensus EPS estimate remains unchanged at -$0.34, representing a 325% decline from the previous year [5]
Metropolitan Bank Holding Corp. (MCB) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2025-07-17 22:21
Group 1: Earnings Performance - Metropolitan Bank Holding Corp. reported quarterly earnings of $1.76 per share, exceeding the Zacks Consensus Estimate of $1.62 per share, and up from $1.5 per share a year ago, representing an earnings surprise of +8.64% [1] - The company posted revenues of $76.27 million for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 4.62%, compared to $67.68 million in the same quarter last year [2] Group 2: Stock Performance and Outlook - Metropolitan Bank Holding shares have increased approximately 26.3% since the beginning of the year, outperforming the S&P 500's gain of 6.5% [3] - The current consensus EPS estimate for the upcoming quarter is $1.82 on revenues of $75.5 million, and for the current fiscal year, it is $6.86 on revenues of $296.7 million [7] Group 3: Industry Context - The Zacks Industry Rank for Banks - Northeast is currently in the top 36% of over 250 Zacks industries, indicating a favorable outlook for the sector [8] - Capital Bancorp, another company in the same industry, is expected to report quarterly earnings of $0.89 per share, reflecting a year-over-year change of +50.9%, with revenues projected at $61.7 million, up 40.4% from the previous year [9]
Rigetti Computing (RGTI) Surges 30.2%: Is This an Indication of Further Gains?
ZACKS· 2025-07-17 17:01
Group 1: Rigetti Computing - Rigetti Computing, Inc. (RGTI) shares increased by 30.2% to $16.56 in the last trading session, with a higher-than-average trading volume [1] - The stock has gained 10.8% over the past four weeks, driven by advancements in quantum computing, including 99.5% two-qubit gate fidelity and scaling to over 100 qubits, positioning the company for significant growth [1] - The consensus EPS estimate for the upcoming quarter remains unchanged, with expectations of a quarterly loss of $0.06 per share, reflecting a year-over-year change of +14.3% [2][3] Group 2: Industry Context - Rigetti Computing belongs to the Zacks Internet - Software industry, which includes other companies like BigCommerce (BIGC) [3] - BigCommerce's consensus EPS estimate has decreased by 10% over the past month to $0.03, representing a 40% decline from the previous year [4] - Both Rigetti Computing and BigCommerce currently hold a Zacks Rank of 3 (Hold) [3][4]
All You Need to Know About SunOpta (STKL) Rating Upgrade to Strong Buy
ZACKS· 2025-07-17 17:01
Core Viewpoint - SunOpta (STKL) 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 Impact - The Zacks rating system tracks the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts, and is crucial for understanding stock price movements [1][4]. - Changes in earnings estimates are strongly correlated with near-term stock price movements, particularly due to the actions of institutional investors who adjust their valuations based on these estimates [4][5]. Company Performance and Outlook - The upgrade for SunOpta suggests an improvement in the company's underlying business, which is expected to lead to higher stock prices as investors respond positively [5][10]. - SunOpta is projected to earn $0.18 per share for the fiscal year ending December 2025, with no year-over-year change, but the Zacks Consensus Estimate has increased by 12.9% over the past three months [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - Only the top 5% of Zacks-covered stocks receive a "Strong Buy" rating, indicating superior earnings estimate revisions, which positions SunOpta favorably for potential market-beating returns [9][10].
What Makes Spark New Zealand (SPKKY) a New Buy Stock
ZACKS· 2025-07-17 17:01
Core Viewpoint - Spark New Zealand Ltd. (SPKKY) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Performance - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, suggesting that an upward revision in earnings estimates can lead to higher stock prices [4][6]. - For Spark New Zealand, the recent increase in earnings estimates reflects an improvement in the company's underlying business, which is expected to positively impact its stock price [5][10]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a proven track record of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7]. - The upgrade of Spark New Zealand to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [9][10]. Earnings Estimate Details - Spark New Zealand is projected to earn $0.57 per share for the fiscal year ending June 2026, with no year-over-year change, but the Zacks Consensus Estimate has increased by 3.6% over the past three months [8].
Strength Seen in Brighthouse Financial (BHF): Can Its 6.2% Jump Turn into More Strength?
ZACKS· 2025-07-17 15:11
Company Overview - Brighthouse Financial (BHF) shares increased by 6.2% to close at $50.27, following a significant volume of trading, contrasting with an 18.5% loss over the past four weeks [1][2] - The company is reportedly close to being acquired by Aquarian Holdings, which has likely contributed to the recent price appreciation [2] - Brighthouse is revamping its life insurance business to enhance annuity sales and is focusing on transitioning to less capital-intensive products [2][3] Financial Performance - The upcoming quarterly earnings are expected to be $4.70 per share, reflecting a year-over-year decline of 15.6%, with revenues projected at $2.2 billion, down 0.7% from the previous year [4] - The consensus EPS estimate has been revised 1.1% higher over the last 30 days, indicating a positive trend that may lead to further price appreciation [5] Market Position - Brighthouse Financial aims to become a premier player in the life and annuity products market, leveraging its strong market presence and product suite [3] - The company is committed to returning capital to shareholders and plans to maintain an opportunistic share repurchase program [3] Industry Context - Brighthouse Financial is part of the Zacks Insurance - Life Insurance industry, which includes other companies like Primerica (PRI) [6] - Primerica's consensus EPS estimate has increased by 0.4% to $5.18, representing a 10% year-over-year change, and it also holds a Zacks Rank of 3 (Hold) [7]
Cintas (CTAS) Q4 Earnings and Revenues Top Estimates
ZACKS· 2025-07-17 14:41
分组1 - Cintas reported quarterly earnings of $1.09 per share, exceeding the Zacks Consensus Estimate of $1.07 per share, and up from $1 per share a year ago, representing an earnings surprise of +1.87% [1] - The company achieved revenues of $2.67 billion for the quarter ended May 2025, surpassing the Zacks Consensus Estimate by 1.57%, and an increase from $2.47 billion year-over-year [2] - Cintas has consistently outperformed consensus EPS and revenue estimates over the last four quarters [2] 分组2 - Cintas shares have increased approximately 17.1% year-to-date, outperforming the S&P 500's gain of 6.5% [3] - The company's earnings outlook is crucial for investors, with current consensus EPS estimates of $1.20 for the next quarter and $4.87 for the current fiscal year [7] - The Zacks Industry Rank places the Business - Services sector in the top 28% of over 250 Zacks industries, indicating a favorable environment for Cintas [8]
Cracker Barrel Old Country Store (CBRL) Just Overtook the 20-Day Moving Average
ZACKS· 2025-07-17 14:35
Core Viewpoint - Cracker Barrel Old Country Store (CBRL) is showing potential for investment due to its recent technical movements and positive earnings estimates, indicating a bullish trend ahead [1][5][6] Technical Analysis - CBRL has crossed above the 20-day moving average, suggesting a short-term bullish trend [1] - The 20-day simple moving average is a useful tool for short-term traders, smoothing out price trends and providing trend reversal signals [2][3] Performance Metrics - CBRL shares have increased by 11.8% over the past four weeks, indicating strong upward momentum [5] - The company holds a Zacks Rank 1 (Strong Buy), suggesting potential for continued gains [5] Earnings Estimates - In the past two months, there have been four upward revisions in earnings estimates for CBRL, with no downward revisions, indicating positive sentiment among analysts [5] - The consensus earnings estimate for CBRL has also increased, further supporting the bullish outlook [5][6]
Madrigal (MDGL) Moves 10.9% Higher: Will This Strength Last?
ZACKS· 2025-07-17 12:11
Company Overview - Madrigal (MDGL) shares increased by 10.9% to close at $344.97, with notable trading volume compared to typical sessions, and an overall gain of 11.3% over the past four weeks [1][2] Patent and Market Exclusivity - Madrigal received a Notice of Allowance for a new U.S. patent for Rezdiffra, its FDA-approved drug for noncirrhotic metabolic dysfunction-associated steatohepatitis (MASH), which is valid through 2044 and will enhance market exclusivity by blocking generics [2] Financial Performance Expectations - The company is expected to report a quarterly loss of $3.64 per share, reflecting a year-over-year increase of 48.7%, while revenues are projected to be $160.13 million, up 993.8% from the previous year [3] Earnings Estimate Trends - The consensus EPS estimate for Madrigal has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Comparison - Madrigal operates within the Zacks Medical - Drugs industry, where another company, Corcept Therapeutics (CORT), closed 2% higher at $72.85, with a return of -0.6% over the past month [4]
ADTRAN Holdings (ADTN) Moves 9.2% Higher: Will This Strength Last?
ZACKS· 2025-07-17 11:31
Company Overview - ADTRAN Holdings (ADTN) shares increased by 9.2% to $9.66 in the last trading session, with a notable trading volume, and have gained 13.5% over the past four weeks [1][2] Financial Performance - Preliminary second-quarter 2025 revenue estimates for ADTRAN are between $262.5 million and $267.5 million, surpassing previous guidance of $247.5 million to $262.5 million, driven by improved market conditions and rising product demand [2][3] - The company anticipates quarterly earnings of $0.01 per share, reflecting a year-over-year increase of 104.2%, with expected revenues of $257 million, a 13.7% rise from the same quarter last year [3] Market Sentiment - Management believes that favorable business conditions are contributing to higher demand trends [3] - The consensus EPS estimate for ADTRAN has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [5] Industry Context - ADTRAN is part of the Zacks Technology Services industry, where another company, Jamf Holding (JAMF), saw a 3.5% increase in its stock price but has returned -13.2% over the past month [5][6] - Jamf Holding's consensus EPS estimate has also remained unchanged, with a year-over-year change of +21.4% expected [6]