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Strength Seen in Oportun Financial (OPRT): Can Its 8.6% Jump Turn into More Strength?
ZACKS· 2025-07-08 13:21
Company Overview - Oportun Financial Corporation (OPRT) shares increased by 8.6% to close at $7.69, supported by high trading volume compared to normal sessions [1] - The stock has gained 0.7% over the past four weeks [1] Recent Developments - Oportun has extended its gains for three consecutive sessions after issuing a letter to shareholders supporting CEO Raul Vazquez, urging investors to vote for his retention on the board [2] - This move countered efforts by Findell Capital Management to remove him, which positively influenced investor sentiment and boosted OPRT stock [2] Earnings Expectations - The company is expected to report quarterly earnings of $0.21 per share, reflecting a year-over-year increase of 162.5% [3] - Revenue is anticipated to be $239.79 million, a decrease of 4.2% from the same quarter last year [3] Stock Performance Insights - The consensus EPS estimate for Oportun has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] - Monitoring OPRT is advised to determine if the recent stock price increase can lead to further strength [4] Industry Context - Oportun Financial is part of the Zacks Financial - Miscellaneous Services industry, which includes StepStone Group Inc. (STEP) [5] - STEP's stock closed at $57.08, with a slight increase of 0.1% in the last trading session, but has returned -1.8% over the past month [5] - The consensus EPS estimate for StepStone has remained unchanged at $0.41, representing a decline of 14.6% from the previous year [6]
Allot Communications (ALLT) Surges 8.0%: Is This an Indication of Further Gains?
ZACKS· 2025-07-08 13:16
Allot Communications (ALLT) shares ended the last trading session 8% higher at $9.21. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 4.6% loss over the past four weeks.The sharp rise in the stock price was fueled by optimistic investor sentiment, sparked by recent analyst upgrades, promising earnings potential, an expanding customer base, and the effective rollout of the company’s security solutions.This internet ...
TSMC (TSM) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2025-07-07 22:45
TSMC (TSM) ended the recent trading session at $229.17, demonstrating a -2.4% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.79%. Meanwhile, the Dow lost 0.94%, and the Nasdaq, a tech-heavy index, lost 0.92%. Coming into today, shares of the chip company had gained 14.44% in the past month. In that same time, the Computer and Technology sector gained 7.88%, while the S&P 500 gained 5.22%. Analysts and investors alike will be keeping a close e ...
Canadian Imperial Bank (CM) Upgraded to Buy: Here's Why
ZACKS· 2025-07-07 17:01
Canadian Imperial Bank (CM) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Sinc ...
What Makes Exact Sciences (EXAS) a New Buy Stock
ZACKS· 2025-07-07 17:01
Core Viewpoint - Exact Sciences (EXAS) has received an upgrade to a Zacks Rank 2 (Buy), indicating a positive outlook for the company's earnings potential and stock price movement [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is influenced by changes in earnings estimates, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to institutional investors adjusting their valuations, resulting in buying or selling actions that affect stock prices [4]. Company Performance and Outlook - Exact Sciences is projected to earn $0.16 per share for the fiscal year ending December 2025, with no year-over-year change expected [8]. - Over the past three months, the Zacks Consensus Estimate for Exact Sciences has increased by 127%, reflecting a positive trend in earnings estimates [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% receiving a "Strong Buy" or "Buy" rating [9][10]. - The upgrade of Exact Sciences to a Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].
Palantir Technologies (PLTR) Upgraded to Buy: Here's What You Should Know
ZACKS· 2025-07-07 17:01
Palantir Technologies Inc. (PLTR) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). An upward trend in earnings estimates -- one of the most powerful forces impacting stock prices -- has triggered this rating change.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Since a ...
All You Need to Know About Aviva (AVVIY) Rating Upgrade to Buy
ZACKS· 2025-07-07 17:01
Aviva (AVVIY) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.A company's changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate -- the consensus measure of EPS estimates from the sell-side analysts covering the stock -- for the current and following years.Individual investor ...
All You Need to Know About Byline Bancorp (BY) Rating Upgrade to Buy
ZACKS· 2025-07-07 17:01
Core Viewpoint - Byline Bancorp (BY) has been upgraded to a Zacks Rank 2 (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 emphasizes the importance of earnings estimate revisions, which are strongly correlated with near-term stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling pressure that affects stock prices [4][5]. Byline Bancorp's Earnings Outlook - Byline Bancorp is projected to earn $2.69 per share for the fiscal year ending December 2025, with no year-over-year change expected [8]. - Over the past three months, the Zacks Consensus Estimate for Byline Bancorp has increased by 2.5%, reflecting a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 20% receiving a "Strong Buy" or "Buy" rating [9][10]. - Byline Bancorp's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].
Evolv Technologies (EVLV) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2025-07-07 17:01
Core Viewpoint - Evolv Technologies Holdings, Inc. (EVLV) has received a Zacks Rank 1 (Strong Buy) upgrade due to an upward trend in earnings estimates, indicating a positive outlook for the company's stock price [1][4]. Earnings Estimates and Ratings - The Zacks rating system is primarily driven by changes in a company's earnings picture, with the Zacks Consensus Estimate reflecting EPS estimates from sell-side analysts [2][3]. - The recent upgrade for Evolv Technologies signifies an improvement in its earnings outlook, which is expected to lead to increased buying pressure and a rise in stock price [4][6]. Impact of Earnings Estimate Revisions - There is a strong correlation between earnings estimate revisions and near-term stock price movements, making it beneficial for investors to track these revisions [7]. - The Zacks Rank system effectively utilizes earnings estimate revisions to classify stocks, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [8]. Specifics on Evolv Technologies - For the fiscal year ending December 2025, Evolv Technologies is projected to earn -$0.23 per share, with no year-over-year change expected [9]. - Over the past three months, the Zacks Consensus Estimate for Evolv Technologies has increased by 14.8%, indicating a positive trend in earnings estimates [9]. Zacks Rating System Overview - The Zacks rating system maintains a balanced distribution of "buy" and "sell" ratings across its universe of over 4,000 stocks, with only the top 5% receiving a "Strong Buy" rating [10][11]. - The upgrade of Evolv Technologies to a Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [11].
All You Need to Know About Associated Banc-Corp (ASB) Rating Upgrade to Buy
ZACKS· 2025-07-07 17:01
Core Viewpoint - Associated Banc-Corp (ASB) has been upgraded to a Zacks Rank 2 (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 emphasizes the importance of earnings estimate revisions, which have shown a strong correlation with near-term stock price movements [4][6]. - Institutional investors often rely on earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [4]. Company Performance and Outlook - The recent upgrade reflects an improvement in Associated Banc-Corp's underlying business, suggesting that investors may respond positively by driving the stock price higher [5]. - The Zacks Consensus Estimate for Associated Banc-Corp indicates expected earnings of $2.49 per share for the fiscal year ending December 2025, with a 2.5% increase in estimates over the past three months [8]. Zacks Rank System - The Zacks Rank system categorizes stocks based on earnings estimates, with only the top 20% of stocks receiving a "Strong Buy" or "Buy" rating, indicating superior earnings estimate revisions [9][10]. - Stocks rated Zacks Rank 1 have historically generated an average annual return of +25% since 1988, showcasing the effectiveness of the rating system [7].