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Bally's (BALY) Upgraded to Strong Buy: What Does It Mean for the Stock?
ZACKS· 2025-06-26 17:01
Bally's (BALY) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a ...
Dell Technologies (DELL) Is Considered a Good Investment by Brokers: Is That True?
ZACKS· 2025-06-26 14:31
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analysts changing their ratings often affect a stock's price. Do they really matter, though?Before we discuss the reliability of brokerage recommendations and how to use them to your advantage, let's see what these Wall Street heavyweights think about Dell Technologies (DELL) .Dell Technologies currently has an aver ...
Is Most-Watched Stock RCM Technologies, Inc. (RCMT) Worth Betting on Now?
ZACKS· 2025-06-26 14:02
Core Viewpoint - RCM Technologies, Inc. (RCMT) has been gaining attention as one of the most searched stocks, prompting analysis of factors influencing its stock performance in the near future [1]. Earnings Estimates - RCM Technologies is expected to report earnings of $0.60 per share for the current quarter, reflecting a year-over-year increase of +7.1% [5]. - The consensus earnings estimate for the current fiscal year stands at $2.19, indicating a +7.9% change from the previous year, with no changes in estimates over the last 30 days [5]. - For the next fiscal year, the consensus estimate is $2.45, suggesting an increase of +11.9% compared to the prior year, also remaining unchanged over the past month [6]. Revenue Growth - The consensus sales estimate for the current quarter is $78.15 million, representing a year-over-year growth of +13% [11]. - For the current fiscal year, the sales estimate is $313.89 million, indicating a +12.8% change, while the next fiscal year's estimate of $328.91 million reflects a +4.8% change [11]. Recent Performance - In the last reported quarter, RCM Technologies achieved revenues of $84.47 million, a year-over-year increase of +17.4%, and an EPS of $0.63 compared to $0.53 a year ago [12]. - The company surpassed the Zacks Consensus Estimate for revenues by +13.74% and for EPS by +12.5% [12]. - Over the last four quarters, RCM Technologies exceeded EPS estimates once and revenue estimates once [13]. Valuation - RCM Technologies is graded A on the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [17]. - The analysis of valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) is essential for determining the stock's intrinsic value and growth prospects [15][16]. Market Position - The stock has returned +0.9% over the past month, while the Zacks S&P 500 composite increased by +5.1%, and the Zacks Staffing Firms industry saw a decline of -2.8% during the same period [2]. - The Zacks Rank for RCM Technologies is 3 (Hold), suggesting it may perform in line with the broader market in the near term [7][18].
Walgreens Boots Alliance (WBA) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2025-06-26 13:10
Walgreens Boots Alliance (WBA) came out with quarterly earnings of $0.38 per share, beating the Zacks Consensus Estimate of $0.34 per share. This compares to earnings of $0.63 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +11.76%. A quarter ago, it was expected that this largest U.S. drugstore chain would post earnings of $0.53 per share when it actually produced earnings of $0.63, delivering a surprise of +18.87%.Over the l ...
McCormick (MKC) Q2 Earnings Top Estimates
ZACKS· 2025-06-26 12:41
分组1 - McCormick reported quarterly earnings of $0.69 per share, exceeding the Zacks Consensus Estimate of $0.65 per share, with an earnings surprise of +6.15% [1] - The company posted revenues of $1.66 billion for the quarter ended May 2025, slightly missing the Zacks Consensus Estimate by 0.22%, compared to $1.64 billion in the same quarter last year [2] - Over the last four quarters, McCormick has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] 分组2 - The stock has underperformed the market, losing about 3.4% since the beginning of the year, while the S&P 500 gained 3.6% [3] - The current consensus EPS estimate for the upcoming quarter is $0.84 on revenues of $1.71 billion, and for the current fiscal year, it is $3.02 on revenues of $6.81 billion [7] - The Zacks Industry Rank for Food - Miscellaneous is in the bottom 24% of over 250 Zacks industries, indicating potential challenges for McCormick's stock performance [8]
Ivanhoe Electric (IE) Moves 8.7% Higher: Will This Strength Last?
ZACKS· 2025-06-26 11:56
Company Overview - Ivanhoe Electric's shares increased by 8.7% to $9.17 in the last trading session, with a notable trading volume, contributing to a 14.7% gain over the past four weeks [1][2] Project Development - The rise in share price follows the completion of the Preliminary Feasibility Study for the Santa Cruz Copper Project in Arizona, marking a significant milestone for securing long-term project financing [2] - The Study emphasizes advanced engineering design from extraction to processing, ensuring the project's bankability and readiness for financing [3] - Construction for the Santa Cruz project is planned to commence in the first half of 2026, aiming for first copper cathode production by 2028 [3] Financial Performance - Ivanhoe Electric is projected to report a quarterly loss of $0.13 per share, reflecting a year-over-year increase of 66.7%, with expected revenues of $0.74 million, up 37% from the previous year [4] - The consensus EPS estimate for the upcoming quarter has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [5] Industry Context - Ivanhoe Electric holds a Zacks Rank of 3 (Hold) within the Zacks Mining - Miscellaneous industry, contrasting with Alpha Metallurgical, which has a Zacks Rank of 5 (Strong Sell) and has seen a 13.3% decline over the past month [6]
Jefferies (JEF) Q2 Earnings Match Estimates
ZACKS· 2025-06-25 22:31
Core Viewpoint - Jefferies reported quarterly earnings of $0.43 per share, matching the Zacks Consensus Estimate, but down from $0.67 per share a year ago [1]. Financial Performance - Revenues for the quarter ended May 2025 were $1.63 billion, exceeding the Zacks Consensus Estimate by 5.13%, but down from $1.66 billion year-over-year [2]. - Over the last four quarters, Jefferies has surpassed consensus EPS estimates only once and topped revenue estimates twice [2]. Stock Performance - Jefferies shares have declined approximately 29.4% year-to-date, contrasting with the S&P 500's gain of 3.6% [3]. - The stock currently holds a Zacks Rank 3 (Hold), indicating expected performance in line with the market in the near future [6]. Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $0.66 on revenues of $1.74 billion, and for the current fiscal year, it is $2.42 on revenues of $6.8 billion [7]. - The trend of earnings estimate revisions is mixed ahead of the earnings release, which may influence future stock movements [6]. Industry Context - The Financial - Miscellaneous Services industry, to which Jefferies belongs, is currently ranked in the top 35% of over 250 Zacks industries, suggesting a favorable outlook compared to lower-ranked industries [8].
Micron (MU) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2025-06-25 22:16
Group 1 - Micron reported quarterly earnings of $1.91 per share, exceeding the Zacks Consensus Estimate of $1.59 per share, and showing a significant increase from $0.62 per share a year ago, resulting in an earnings surprise of +20.13% [1] - The company achieved revenues of $9.3 billion for the quarter ended May 2025, surpassing the Zacks Consensus Estimate by 5.27%, compared to $6.81 billion in the same quarter last year [2] - Micron has outperformed the S&P 500, with shares increasing about 52% since the beginning of the year, while the S&P 500 gained 3.6% [3] Group 2 - The current consensus EPS estimate for the upcoming quarter is $2.02 on revenues of $9.9 billion, and for the current fiscal year, it is $6.93 on revenues of $35.5 billion [7] - The Computer - Integrated Systems industry, to which Micron belongs, is currently ranked in the top 23% of over 250 Zacks industries, indicating a favorable outlook for the sector [8]
Steelcase (SCS) Q1 Earnings and Revenues Surpass Estimates
ZACKS· 2025-06-25 22:16
Group 1: Earnings Performance - Steelcase reported quarterly earnings of $0.20 per share, exceeding the Zacks Consensus Estimate of $0.12 per share, and up from $0.16 per share a year ago, representing an earnings surprise of +66.67% [1] - The company posted revenues of $779 million for the quarter ended May 2025, surpassing the Zacks Consensus Estimate by 3.05%, compared to year-ago revenues of $727.3 million [2] - Over the last four quarters, Steelcase has surpassed consensus EPS estimates four times and topped consensus revenue estimates three times [2] Group 2: Stock Performance and Outlook - Steelcase shares have declined approximately 8.4% since the beginning of the year, while the S&P 500 has gained 3.6% [3] - The company's earnings outlook is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes to these expectations [4] - The current consensus EPS estimate for the coming quarter is $0.40 on revenues of $879.9 million, and for the current fiscal year, it is $1.04 on revenues of $3.25 billion [7] Group 3: Industry Context - The Business - Office Products industry, to which Steelcase belongs, is currently in the top 5% of over 250 Zacks industries, indicating a favorable outlook [8] - Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact Steelcase's stock performance [5][6]
Can Evercore (EVR) Run Higher on Rising Earnings Estimates?
ZACKS· 2025-06-25 17:21
Core Viewpoint - Evercore (EVR) presents a strong investment opportunity due to its improving earnings outlook and analysts' increasing earnings estimates [1][2] Earnings Estimate Revisions - Analysts have shown growing optimism regarding Evercore's earnings prospects, reflected in the upward trend of estimate revisions, which typically correlates with stock price movements [2] - The consensus earnings estimate for the current quarter is $1.49 per share, a decrease of 17.68% from the previous year, but has increased by 6.07% over the last 30 days due to one upward revision [6] - For the full year, the expected earnings are $11.41 per share, representing a 21.13% increase from the prior year, with a 5.8% increase in consensus estimates over the past month [7][8] Zacks Rank and Performance - Evercore has achieved a Zacks Rank 1 (Strong Buy), indicating strong potential for outperformance based on earnings estimate revisions [9] - Historically, Zacks 1 Ranked stocks have generated an average annual return of +25% since 2008, suggesting a favorable investment environment for Evercore [3] Stock Performance - The stock has appreciated by 13.1% over the past four weeks, indicating positive market sentiment and potential for further upside [10]