Rithm (RITM) has been on a downward spiral lately with significant selling pressure. After declining 12.4% over the past four weeks, the stock looks well positioned for a trend reversal as it is now in oversold territory and there is strong agreement among Wall Street analysts that the company will report better earnings than they predicted earlier.We use Relative Strength Index (RSI), one of the most commonly used technical indicators, for spotting whether a stock is oversold. This is a momentum oscillator ...

Analysts on Wall Street project that Johnson & Johnson (JNJ) will announce quarterly earnings of $2.77 per share in its forthcoming report, representing an increase of 14.5% year over year. Revenues are projected to reach $23.74 billion, increasing 5.6% from the same quarter last year.The consensus EPS estimate for the quarter has been revised 0.3% higher over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial estimates during ...

Wall Street analysts expect JPMorgan Chase & Co. (JPM) to post quarterly earnings of $4.83 per share in its upcoming report, which indicates a year-over-year increase of 10.5%. Revenues are expected to be $44.86 billion, up 5.2% from the year-ago quarter.The current level reflects an upward revision of 0.7% in the consensus EPS estimate for the quarter over the past 30 days. This demonstrates how the analysts covering the stock have collectively reappraised their initial projections over this period.Before ...

Delta Air Lines (DAL) came out with quarterly earnings of $1.71 per share, beating the Zacks Consensus Estimate of $1.52 per share. This compares to earnings of $1.5 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +12.50%. A quarter ago, it was expected that this airline would post earnings of $2.04 per share when it actually produced earnings of $2.1, delivering a surprise of +2.94%.Over the last four quarters, the company ha ...

Nexa Resources S.A. (NEXA) shares rallied 5.1% in the last trading session to close at $5.37. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 6.5% gain over the past four weeks.Nexa Resources’ shares have gained on the back of a recent surge in metal prices. Zinc prices have surged to above $3,000 per ton, triggered by supply concerns, in contrast to the year-to-date losses. Copper prices are above $5 per pou ...

Resources Connection (RGP) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of a loss of $0.15 per share. This compares to break-even earnings per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +120.00%. A quarter ago, it was expected that this consulting company would post earnings of $0.01 per share when it actually produced earnings of $0.16, delivering a surprise of +1500%.Over the las ...

Bassett Furniture (BSET) came out with quarterly earnings of $0.09 per share, in line with the Zacks Consensus Estimate . This compares to a loss of $0.52 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this furniture seller would post earnings of $0.15 per share when it actually produced earnings of $0.22, delivering a surprise of +46.67%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Bassett, which belo ...

Bloom Energy (BE) could be a solid addition to your portfolio given a notable revision in the company's earnings estimates. While the stock has been gaining lately, the trend might continue since its earnings outlook is still improving.The rising trend in estimate revisions, which is a result of growing analyst optimism on the earnings prospects of this developer of fuel cell systems, should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings ...

Life360 (LIF) could be a solid addition to your portfolio 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.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 cha ...

Investors might want to bet on EuroDry (EDRY) , as it has been recently upgraded 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.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.The power of a changing earni ...