The Industrial Products group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Has EnerSys (ENS) been one of those stocks this year? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.EnerSys is a member of the Industrial Products sector. This group includes 187 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Sector Rank ...

Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on New Gold (NGD), and emphasizes the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank to make informed investment decisions [1][5]. Brokerage Recommendations for New Gold - New Gold has an average brokerage recommendation (ABR) of 1.56, indicating a position between Strong Buy and Buy, based on recommendations from nine brokerage firms [2]. - Among the nine recommendations, six are classified as Strong Buy and one as Buy, which accounts for 66.7% and 11.1% of all recommendations respectively [2]. Limitations of Brokerage Recommendations - Sole reliance on brokerage recommendations for investment decisions may not be wise, as studies indicate limited success in guiding investors towards stocks with the best price increase potential [5]. - Brokerage firms often exhibit a positive bias in their ratings due to vested interests, leading to a disproportionate number of favorable ratings compared to negative ones [6][11]. Zacks Rank as an Alternative - The Zacks Rank, which classifies stocks into five groups based on earnings estimate revisions, is presented as a more reliable indicator of near-term price performance compared to ABR [8][12]. - The Zacks Rank is timely and reflects the latest earnings estimate revisions, making it a better tool for predicting future stock prices [13]. Current Earnings Estimates for New Gold - The Zacks Consensus Estimate for New Gold has increased by 1.2% over the past month to $0.58, indicating growing optimism among analysts regarding the company's earnings prospects [14]. - This increase in consensus estimates, along with other factors, has resulted in a Zacks Rank of 2 (Buy) for New Gold, suggesting that the Buy-equivalent ABR may be a useful guide for investors [15].

Core Viewpoint - Analyst recommendations play a significant role in influencing stock prices, but their reliability is questionable due to potential biases from brokerage firms [1][6]. Group 1: Analyst Recommendations - Unity Software Inc. (U) has an average brokerage recommendation (ABR) of 2.00, indicating a "Buy" based on recommendations from 22 brokerage firms [2]. - Among the 22 recommendations, 11 are classified as "Strong Buy" and one as "Buy," accounting for 50% and 4.6% of all recommendations respectively [2]. Group 2: Limitations of Brokerage Recommendations - Studies indicate that brokerage recommendations have limited success in guiding investors towards stocks with the highest price increase potential [5]. - Analysts from brokerage firms tend to exhibit a strong positive bias in their ratings, issuing five "Strong Buy" recommendations for every "Strong Sell" [6][11]. - The interests of brokerage firms may not align with those of retail investors, leading to a lack of insight into future stock price movements [7]. Group 3: Zacks Rank vs. ABR - Zacks Rank is a proprietary stock rating tool that categorizes stocks from Zacks Rank 1 (Strong Buy) to Zacks Rank 5 (Strong Sell) and is based on earnings estimate revisions, making it a more effective indicator of near-term stock performance [8][12]. - The ABR is calculated solely from brokerage recommendations and may not be up-to-date, while the Zacks Rank reflects timely earnings estimate revisions [13][10]. - The Zacks Consensus Estimate for Unity Software has remained unchanged at $0.82, indicating steady analyst views on the company's earnings prospects [14]. Group 4: Current Investment Outlook - The Zacks Rank for Unity Software is 3 (Hold), suggesting caution despite the Buy-equivalent ABR [15].

Company Performance - Enviri (NVRI) closed at $17.93, reflecting a decrease of -1.59% from the previous trading session, which is less than the S&P 500's daily loss of 0.03% [1] - Over the past month, Enviri's shares have declined by 0.65%, while the Business Services sector gained 6.08% and the S&P 500 increased by 2.57% [1] Earnings Forecast - Enviri is expected to report an EPS of -$0.22, indicating a 450% decline compared to the same quarter last year [2] - For the entire year, the Zacks Consensus Estimates predict earnings of -$0.71 per share and revenue of $0 million, reflecting changes of -914.29% and 0% respectively compared to the previous year [2] Analyst Estimates - Recent adjustments to analyst estimates for Enviri are crucial as they reflect short-term business trends, with upward revisions indicating analysts' positive outlook on the company's operations and profit generation [3] - The Zacks Rank system, which incorporates these estimate changes, provides a rating system for stocks, with Enviri currently holding a Zacks Rank of 3 (Hold) [4][5] Industry Context - The Waste Removal Services industry, part of the Business Services sector, has a Zacks Industry Rank of 92, placing it in the top 38% of over 250 industries [6] - Research indicates that industries in the top 50% rated by Zacks outperform those in the bottom half by a factor of 2 to 1 [6]

Company Performance - Pan American Silver (PAAS) closed at $55.39, reflecting a +2.9% increase from the previous day, outperforming the S&P 500's 0.03% loss [1] - The stock has risen by 26.39% in the past month, leading the Basic Materials sector's gain of 9.22% and the S&P 500's gain of 2.57% [1] Earnings Expectations - The company is expected to report EPS of $0.87, which represents a 148.57% increase from the prior-year quarter [2] - Revenue is projected to be $1.09 billion, indicating a 33.53% increase compared to the same quarter of the previous year [2] Full Year Projections - Analysts expect earnings of $2.21 per share and revenue of $3.52 billion for the full year, marking changes of +179.75% and +24.81% respectively from last year [3] Analyst Forecast Revisions - Recent revisions to analyst forecasts for Pan American Silver are important as they reflect changing near-term business trends, with positive revisions indicating a favorable business outlook [4] Zacks Rank and Valuation - Pan American Silver holds a Zacks Rank of 1 (Strong Buy), with an average annual return of +25% for 1 stocks since 1988 [6] - The company has a Forward P/E ratio of 24.31, which is a discount compared to its industry's Forward P/E of 25.42, and a PEG ratio of 0.51, matching the average for the Mining - Silver industry [7] Industry Context - The Mining - Silver industry is part of the Basic Materials sector and ranks in the top 13% of all industries, with a current Zacks Industry Rank of 30 [8]

Company Performance - B2Gold (BTG) closed at $4.80, marking a +1.48% move from the prior day, outperforming the S&P 500's daily loss of 0.03% [1] - Over the past month, B2Gold shares gained 5.82%, lagging behind the Basic Materials sector's gain of 9.22% but outpacing the S&P 500's gain of 2.57% [1] Earnings Projections - B2Gold is projected to report earnings of $0.22 per share, representing year-over-year growth of 2100% [2] - For the entire fiscal year, earnings are estimated at $0.56 per share and revenue at $3.12 billion, indicating changes of +250% and +63.82% from the previous year [2] Analyst Estimates - Changes in analyst estimates for B2Gold are crucial as they reflect near-term business trends and analysts' confidence in performance and profit potential [3] - The Zacks Rank system, which evaluates these estimate changes, indicates a current Zacks Rank of 3 (Hold) for B2Gold, with the consensus EPS estimate moving 5.76% lower over the past month [5] Valuation Metrics - B2Gold's Forward P/E ratio is 8.51, which is a discount compared to the industry average Forward P/E of 17.73 [6] - The Mining - Gold industry, part of the Basic Materials sector, has a Zacks Industry Rank of 47, placing it within the top 20% of over 250 industries [6]

Group 1: Stock Performance - MakeMyTrip (MMYT) stock decreased by 1.72% to $83.25, underperforming the S&P 500, which fell by 0.03% [1] - Over the past month, MakeMyTrip shares increased by 20.48%, significantly outperforming the Computer and Technology sector's gain of 1.66% and the S&P 500's gain of 2.57% [1] Group 2: Earnings Expectations - Analysts anticipate MakeMyTrip to report earnings of $0.43 per share, reflecting a year-over-year growth of 10.26% [2] - The consensus estimate for quarterly revenue is $313.62 million, representing a 17.3% increase from the previous year [2] Group 3: Full Year Projections - For the full year, earnings are projected at $1.62 per share and revenue at $1.11 billion, indicating increases of 3.85% and 13.49% respectively from the prior year [3] - Recent changes in analyst estimates suggest a favorable outlook on MakeMyTrip's business health and profitability [3] Group 4: Valuation Metrics - MakeMyTrip has a Forward P/E ratio of 52.29, which is significantly higher than the industry average Forward P/E of 14.39, indicating a premium valuation [6] - The Internet - Delivery Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 202, placing it in the bottom 19% of over 250 industries [6] Group 5: Analyst Ratings - MakeMyTrip currently holds a Zacks Rank of 3 (Hold), with the consensus EPS estimate remaining unchanged over the last 30 days [5] - The Zacks Rank system has a strong track record, with stocks rated 1 (Strong Buy) delivering an average annual return of +25% since 1988 [5]

Company Performance - AngloGold Ashanti closed at $91.25, reflecting a +1.49% increase from the previous day, outperforming the S&P 500 which saw a loss of 0.03% [1] - Over the past month, shares of AngloGold Ashanti gained 1.12%, underperforming the Basic Materials sector's gain of 9.22% and the S&P 500's gain of 2.57% [1] Earnings Expectations - Analysts expect AngloGold Ashanti to report earnings of $1.9 per share, indicating a year-over-year growth of 113.48% [2] - The consensus estimate for quarterly revenue is $3.03 billion, up 73.03% from the same period last year [2] - For the full year, earnings are projected at $5.51 per share and revenue at $9.85 billion, representing increases of +149.32% and +70.08% respectively from the prior year [3] Analyst Estimates and Stock Performance - Recent modifications to analyst estimates for AngloGold Ashanti are crucial as they reflect changing business trends, with positive revisions indicating confidence in performance [4] - The Zacks Rank system, which assesses these estimate changes, currently ranks AngloGold Ashanti at 3 (Hold) [6] - Over the past month, the Zacks Consensus EPS estimate has decreased by 3.51% [6] Valuation Metrics - AngloGold Ashanti has a Forward P/E ratio of 16.33, which is lower than the industry average Forward P/E of 17.73 [7] - The Mining - Gold industry is part of the Basic Materials sector and holds a Zacks Industry Rank of 47, placing it in the top 20% of over 250 industries [7]

Group 1: Company Performance - Star Bulk Carriers (SBLK) closed at $19.43, reflecting a +2.53% increase from the previous day, outperforming the S&P 500's daily loss of 0.03% [1] - The company's shares experienced a 4% loss over the previous month, underperforming the Transportation sector's gain of 6.83% and the S&P 500's gain of 2.57% [1] Group 2: Upcoming Earnings - The upcoming earnings release for Star Bulk Carriers is projected to show an EPS of $0.52, indicating a 52.94% increase compared to the same quarter of the previous year [2] - Revenue is estimated at $291.28 million, representing a 5.71% decline compared to the corresponding quarter of the prior year [2] Group 3: Full-Year Estimates - Full-year Zacks Consensus Estimates for Star Bulk Carriers project earnings of $0.85 per share and revenue of $1.03 billion, reflecting year-over-year changes of -67.68% and -18.35%, respectively [3] - Recent changes to analyst estimates for Star Bulk Carriers indicate evolving short-term business trends, with positive revisions suggesting a favorable outlook on business health and profitability [3] Group 4: Zacks Rank and Valuation - Star Bulk Carriers holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining unchanged over the last 30 days [5] - The company has a Forward P/E ratio of 22.29, which is a premium compared to its industry's Forward P/E of 10.75 [6] Group 5: Industry Context - The Transportation - Shipping industry, which includes Star Bulk Carriers, has a Zacks Industry Rank of 32, placing it in the top 13% of over 250 industries [6] - The Zacks Industry Rank assesses the strength of industry groups based on the average Zacks Rank of individual stocks, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [7]

Core Viewpoint - Alibaba's stock performance has been underwhelming compared to the broader market, with a notable decline in its recent earnings estimates indicating potential challenges ahead [1][2][6]. Financial Performance - In the latest trading session, Alibaba closed at $152.24, reflecting a +1.45% change from the previous day, which outperformed the S&P 500's loss of 0.03% [1]. - The company is expected to report an EPS of $2.24, representing a 23.55% decrease from the same quarter last year, while revenue is forecasted at $41.33 billion, showing a 7.67% increase year-over-year [2]. - For the entire fiscal year, earnings are projected at $6.42 per share, down 28.75% from the prior year, with revenue expected to reach $146.08 billion, up 5.75% [3]. Analyst Estimates - Recent adjustments to analyst estimates for Alibaba reflect changing short-term business dynamics, with positive revisions indicating analysts' confidence in the company's performance [4]. - The Zacks Consensus EPS estimate has decreased by 2.83% over the last 30 days, and Alibaba currently holds a Zacks Rank of 5 (Strong Sell) [6]. Valuation Metrics - Alibaba is trading at a Forward P/E ratio of 23.36, which is higher than the industry average Forward P/E of 19 [7]. - The company has a PEG ratio of 2.08, compared to the Internet - Commerce industry's average PEG ratio of 1.46 [7]. Industry Context - The Internet - Commerce industry, part of the Retail-Wholesale sector, ranks in the top 33% of all industries according to the Zacks Industry Rank [8].