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Wall Street Analysts Think Quanex (NX) Could Surge 95.46%: Read This Before Placing a Bet
ZACKSยท 2025-06-27 14:55
Group 1 - Quanex Building Products (NX) closed at $18.93, with a 9.3% gain over the past four weeks, and a mean price target of $37 indicates a potential upside of 95.5% [1] - The mean estimate includes three short-term price targets with a standard deviation of $5.57, where the lowest estimate of $31.00 suggests a 63.8% increase, and the highest estimate of $42.00 indicates a 121.9% surge [2] - Analysts show strong agreement on NX's ability to report better earnings than previously predicted, which supports the view of potential upside [4][11] Group 2 - The Zacks Consensus Estimate for NX's current year earnings has increased by 1.8% over the last 30 days, with one estimate moving higher and no negative revisions [12] - NX holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimates [13] - While the consensus price target may not be a reliable indicator of potential gains, it does provide a directional guide for price movement [14]
Wall Street Analysts See a 34.26% Upside in MongoDB (MDB): Can the Stock Really Move This High?
ZACKSยท 2025-06-27 14:55
Group 1 - MongoDB (MDB) shares have increased by 10.5% over the past four weeks, closing at $209.2, with a mean price target of $280.88 indicating a potential upside of 34.3% [1] - The mean estimate is based on 33 short-term price targets with a standard deviation of $54.3, where the lowest estimate is $170.00 (indicating an 18.7% decline) and the highest is $430.00 (indicating a 105.5% increase) [2] - Analysts show strong agreement on MDB's ability to report better earnings than previously predicted, which supports the view of potential upside [4][11] Group 2 - Over the last 30 days, 11 earnings estimates for MDB have been revised higher, with no negative revisions, leading to a 15.8% increase in the Zacks Consensus Estimate [12] - MDB holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While consensus price targets may not be reliable for predicting the extent of gains, they can provide guidance on the direction of price movement [14]
Banco Macro (BMA) Loses 15.2% in 4 Weeks, Here's Why a Trend Reversal May be Around the Corner
ZACKSยท 2025-06-27 14:36
Core Viewpoint - Banco Macro (BMA) has experienced a significant downtrend, with a 15.2% decline over the past four weeks, but it is now in oversold territory, suggesting a potential turnaround due to improved earnings expectations from analysts [1]. Group 1: Technical Indicators - The Relative Strength Index (RSI) is a key technical indicator used to determine if a stock is oversold, with readings below 30 indicating oversold conditions [2]. - BMA's current RSI reading is 29, indicating that the heavy selling pressure may be exhausting itself, which could lead to a reversal in the stock's trend [5]. - The RSI helps investors identify potential entry points for stocks that have fallen below their fair value due to excessive selling [3]. Group 2: Fundamental Indicators - Analysts covering BMA have shown a strong consensus in raising earnings estimates for the current year, resulting in a 2.5% increase in the consensus EPS estimate over the last 30 days [7]. - An upward trend in earnings estimate revisions typically correlates with price appreciation in the near term, supporting the case for a potential rebound in BMA's stock price [7]. - BMA holds a Zacks Rank 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks based on earnings estimate trends and EPS surprises, indicating strong potential for a turnaround [8].
Is CRISPR Therapeutics (CRSP) a Buy as Wall Street Analysts Look Optimistic?
ZACKSยท 2025-06-27 14:31
When deciding whether to buy, sell, or hold a stock, investors often rely on analyst recommendations. Media reports about rating changes by these brokerage-firm-employed (or sell-side) analysts often influence a stock's price, but are they really important?Let's take a look at what these Wall Street heavyweights have to say about CRISPR Therapeutics AG (CRSP) before we discuss the reliability of brokerage recommendations and how to use them to your advantage.CRISPR Therapeutics currently has an average brok ...
Is It Worth Investing in CyberArk (CYBR) Based on Wall Street's Bullish Views?
ZACKSยท 2025-06-27 14:31
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][5][10]. Brokerage Recommendations for CyberArk - CyberArk has an average brokerage recommendation (ABR) of 1.13, indicating a consensus between Strong Buy and Buy, based on 32 brokerage firms [2]. - Out of the 32 recommendations, 29 are Strong Buy and 2 are Buy, which accounts for 90.6% and 6.3% of all recommendations respectively [2]. Limitations of Brokerage Recommendations - Sole reliance on brokerage recommendations for investment decisions may not be wise, as studies show limited success in guiding investors towards stocks with the best price increase potential [5]. - Brokerage firms often exhibit a strong positive bias in their ratings due to vested interests, leading to a disproportionate number of Strong Buy recommendations compared to Strong Sell [6][10]. Zacks Rank as an Alternative Indicator - The Zacks Rank, which classifies stocks from 1 (Strong Buy) to 5 (Strong Sell), is based on earnings estimate revisions and is considered a reliable indicator of near-term price performance [8][11]. - The Zacks Rank is updated more frequently than the ABR, making it a timely tool for predicting future stock prices [12]. Earnings Estimate Revisions for CyberArk - The Zacks Consensus Estimate for CyberArk has increased by 41.9% over the past month to $3.81, indicating growing optimism among analysts regarding the company's earnings prospects [13]. - This increase in consensus estimates has resulted in a Zacks Rank 2 (Buy) for CyberArk, suggesting a positive outlook for the stock [14].
Is Most-Watched Stock Interactive Brokers Group, Inc. (IBKR) Worth Betting on Now?
ZACKSยท 2025-06-27 14:01
Interactive Brokers Group, Inc. (IBKR) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Over the past month, shares of this company have returned +2.1%, compared to the Zacks S&P 500 composite's +6% change. During this period, the Zacks Financial - Investment Bank industry, which Interactive Brokers falls in, has gained 10.3%. The key question now is: What could be ...
Is Most-Watched Stock Coinbase Global, Inc. (COIN) Worth Betting on Now?
ZACKSยท 2025-06-27 14:01
Coinbase Global, Inc. (COIN) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock.Shares of this company have returned +50.7% over the past month versus the Zacks S&P 500 composite's +6% change. The Zacks Financial - Miscellaneous Services industry, to which Coinbase Global belongs, has gained 9.8% over this period. Now the key question is: Where could the stock be headed in the near ...
Strength Seen in Ero Copper (ERO): Can Its 9.0% Jump Turn into More Strength?
ZACKSยท 2025-06-27 11:05
Company Overview - Ero Copper Corp. (ERO) shares increased by 9% to $17.25 in the last trading session, with a higher-than-average trading volume [1] - The stock has gained 10.8% over the past four weeks [1] Copper Market Dynamics - Ero Copper's gains are aligned with rising copper prices, which have surpassed $5 per pound due to increased shipments to the U.S. ahead of potential tariffs [2] - Approximately 400 kilotons of copper have been imported into the U.S. since February, tightening global supply [2] - Positive sentiment in the market is supported by easing tensions in the Middle East, reduced fears of retaliatory tariffs, anticipated Chinese stimulus, and a dovish Federal Reserve [2] Earnings Expectations - Ero Copper is expected to report quarterly earnings of $0.43 per share, reflecting a year-over-year increase of 138.9% [3] - Revenue projections stand at $195 million, marking a 66.5% increase from the same quarter last year [3] - The consensus EPS estimate has remained unchanged over the last 30 days, indicating a potential lack of momentum in earnings estimate revisions [4] Industry Context - Ero Copper operates within the Zacks Mining - Non Ferrous industry, which includes other companies like Centrus Energy Corp. (LEU) [4] - Centrus Energy's EPS estimate has decreased by 21.3% over the past month, indicating a contrasting trend within the same industry [5]
Nike (NKE) Tops Q4 Earnings and Revenue Estimates
ZACKSยท 2025-06-26 22:26
Core Viewpoint - Nike reported quarterly earnings of $0.14 per share, exceeding the Zacks Consensus Estimate of $0.12 per share, but down from $1.01 per share a year ago, indicating a significant decline in profitability [1] - The company achieved revenues of $11.1 billion for the quarter, surpassing the Zacks Consensus Estimate by 3.56%, but down from $12.61 billion year-over-year [2] Financial Performance - Nike's earnings surprise was +16.67% for the recent quarter, and it has surpassed consensus EPS estimates in all four of the last quarters [1][2] - The company has topped consensus revenue estimates three times over the last four quarters [2] - The current consensus EPS estimate for the upcoming quarter is $0.32 on revenues of $10.74 billion, and for the current fiscal year, it is $1.82 on revenues of $45.21 billion [7] Stock Performance and Outlook - Nike shares have declined approximately 19.6% since the beginning of the year, contrasting with the S&P 500's gain of 3.6% [3] - The company's Zacks Rank is currently 3 (Hold), indicating expected performance in line with the market in the near future [6] - The outlook for the Shoes and Retail Apparel industry is weak, currently ranking in the bottom 15% of over 250 Zacks industries, which may impact Nike's stock performance [8]
American Outdoor Brands, Inc. (AOUT) Q4 Earnings and Revenues Surpass Estimates
ZACKSยท 2025-06-26 22:16
Company Performance - American Outdoor Brands, Inc. (AOUT) reported quarterly earnings of $0.13 per share, exceeding the Zacks Consensus Estimate of a loss of $0.02 per share, and compared to break-even earnings per share a year ago, representing an earnings surprise of +750.00% [1] - The company posted revenues of $61.94 million for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 28.78%, and compared to year-ago revenues of $46.3 million [2] - Over the last four quarters, the company has consistently surpassed consensus EPS estimates and revenue estimates [2] Stock Performance - American Outdoor Brands shares have declined approximately 28.3% since the beginning of the year, while the S&P 500 has gained 3.6% [3] - The current status of estimate revisions translates into a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Future Outlook - The current consensus EPS estimate for the upcoming quarter is $0.02 on revenues of $45.6 million, and for the current fiscal year, it is $0.73 on revenues of $223 million [7] - The outlook for the industry, specifically the Leisure and Recreation Products sector, is currently in the bottom 42% of Zacks industries, which may impact the stock's performance [8]