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Wall Street Analysts See a 29.89% Upside in Neogen (NEOG): Can the Stock Really Move This High?
ZACKS· 2025-11-04 15:56
Core Viewpoint - Neogen (NEOG) shares have increased by 11.7% in the past four weeks, closing at $6.29, with a potential upside indicated by Wall Street analysts' price targets suggesting a mean estimate of $8.17, representing a 29.9% upside [1] Price Targets - The average price targets range from a low of $6.50 to a high of $10.00, with a standard deviation of $1.76, indicating variability among analysts [2] - The lowest estimate suggests a 3.3% increase, while the highest estimate indicates a 59% upside [2] Analyst Consensus and Earnings Estimates - Analysts show a strong agreement in revising earnings estimates higher, which historically correlates with stock price movements [4][11] - The Zacks Consensus Estimate for the current year has increased by 50% over the past month, with no negative revisions [12] - NEOG holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] Caution on Price Targets - While price targets are commonly referenced, they can mislead investors, as empirical research shows they rarely indicate actual stock price movements [7][10] - Analysts may set overly optimistic price targets due to business incentives, which can inflate expectations [8]
Wall Street Analysts Believe Rithm (RITM) Could Rally 27.73%: Here's is How to Trade
ZACKS· 2025-11-04 15:56
Group 1 - Rithm (RITM) shares have increased by 1.6% over the past four weeks, closing at $11.07, with a mean price target of $14.14 indicating a potential upside of 27.7% [1] - The mean estimate consists of seven short-term price targets with a standard deviation of $1.11, where the lowest estimate is $12.50 (12.9% increase) and the highest is $16.00 (44.5% increase) [2] - Analysts show strong agreement on RITM's ability to report better earnings, with a positive trend in earnings estimate revisions suggesting potential upside [4][11] Group 2 - The Zacks Consensus Estimate for RITM's current year has increased by 1.2% over the last 30 days, with one estimate moving higher and no negative revisions [12] - RITM holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimates [13] - While the consensus price target may not be a reliable indicator of RITM's potential gains, it does provide a directional guide for price movement [14]
Humana (HUM) Could Find a Support Soon, Here's Why You Should Buy the Stock Now
ZACKS· 2025-11-04 15:56
Core Viewpoint - Humana (HUM) shares have recently declined by 5.2% over the past four weeks, but the formation of a hammer chart pattern suggests potential support and a possible trend reversal in the future [1][2]. Technical Analysis - The hammer chart pattern indicates a potential bottoming out, suggesting that selling pressure may be exhausting. This pattern is characterized by a small candle body and a long lower wick, indicating that buyers are starting to emerge after a downtrend [4][5]. - The occurrence of a hammer pattern at the bottom of a downtrend signals that bears may be losing control, which could lead to a trend reversal [5]. Fundamental Analysis - There has been a positive trend in earnings estimate revisions for Humana, which is a bullish indicator. Over the last 30 days, the consensus EPS estimate for the current year has increased by 0.3%, indicating that analysts expect better earnings than previously predicted [7][8]. - Humana currently holds a Zacks Rank of 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks. Stocks with a Zacks Rank of 1 or 2 typically outperform the market, further supporting the potential for a trend reversal [9][10].
Is Vital Farms (VITL) a Buy as Wall Street Analysts Look Optimistic?
ZACKS· 2025-11-04 15:31
Core Viewpoint - The article discusses the reliability of brokerage recommendations, particularly focusing on Vital Farms (VITL), and emphasizes the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank for making informed investment decisions [1][5][10]. Brokerage Recommendations for Vital Farms - Vital Farms has an average brokerage recommendation (ABR) of 1.04, indicating a consensus between Strong Buy and Buy, with 11 out of 12 recommendations classified as Strong Buy, accounting for 91.7% of all recommendations [2][4]. - The remaining recommendation is classified as Buy, which accounts for 8.3% [2]. Limitations of Brokerage Recommendations - Studies indicate that brokerage recommendations have limited success in guiding investors towards stocks with the best price increase potential, often due to the analysts' vested interests [5][10]. - Analysts employed by brokerage firms tend to exhibit a strong positive bias in their ratings, with a ratio of five "Strong Buy" recommendations for every "Strong Sell" [6][10]. Zacks Rank as an Alternative Tool - The Zacks Rank, which classifies stocks into five groups based on earnings estimate revisions, is presented as a more reliable indicator of a stock's near-term price performance compared to ABR [8][11]. - The Zacks Rank is updated more frequently, reflecting changes in earnings estimates promptly, making it a timely tool for predicting future price movements [12]. Earnings Estimate Revisions for Vital Farms - The Zacks Consensus Estimate for Vital Farms has increased by 2.4% over the past month to $1.38, indicating growing optimism among analysts regarding the company's earnings prospects [13]. - This increase in consensus estimates, along with other factors, has resulted in a Zacks Rank 2 (Buy) for Vital Farms, suggesting a positive outlook for the stock [14].
Global Payments (GPN) Q3 Earnings and Revenues Beat Estimates
ZACKS· 2025-11-04 14:26
Global Payments (GPN) came out with quarterly earnings of $3.26 per share, beating the Zacks Consensus Estimate of $3.23 per share. This compares to earnings of $3.08 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +0.93%. A quarter ago, it was expected that this electronics payment processing company would post earnings of $3.03 per share when it actually produced earnings of $3.1, delivering a surprise of +2.31%.Over the las ...
All You Need to Know About Centene (CNC) Rating Upgrade to Strong Buy
ZACKS· 2025-11-03 10:20
Investors might want to bet on Centene (CNC) , as it has been recently upgraded 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 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 ...
Tigo Energy, Inc. (TYGO) Upgraded to Buy: Here's Why
ZACKS· 2025-11-03 10:20
Core Viewpoint - Tigo Energy, Inc. (TYGO) 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 Movement - The Zacks rating system is based on the consensus measure of EPS estimates from sell-side analysts, reflecting the company's changing earnings picture [1][2]. - Changes in earnings estimates are strongly correlated with near-term stock price movements, influenced by institutional investors who adjust their valuations based on these estimates [4][6]. Company Performance and Investor Sentiment - The upgrade for Tigo Energy suggests an improvement in the company's underlying business, which could lead to increased buying pressure and a rise in stock price [5][10]. - Over the past three months, the Zacks Consensus Estimate for Tigo Energy has increased by 4.9%, indicating a positive trend in earnings estimates [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have generated an average annual return of +25% since 1988 [7][9]. - Tigo Energy's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, suggesting a strong potential for market-beating returns in the near term [10].
Agilysys (AGYS) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-10-30 17:01
Core Viewpoint - Agilysys (AGYS) has received a Zacks Rank 2 (Buy) upgrade, indicating a positive trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system emphasizes the correlation between changes in earnings estimates and stock price movements, suggesting that revisions in earnings estimates can lead to significant price changes [4][6]. - Institutional investors play a role in this relationship, as they adjust their valuations based on earnings estimates, which can lead to buying or selling activity that impacts stock prices [4]. Agilysys Earnings Outlook - The upgrade for Agilysys reflects an improvement in the company's underlying business, with rising earnings estimates expected to drive the stock price higher [5]. - For the fiscal year ending March 2026, Agilysys is projected to earn $1.66 per share, with a 4.1% increase in the Zacks Consensus Estimate over the past three months [8]. Zacks Rank System - The Zacks Rank system categorizes stocks into five groups based on earnings estimates, with a strong historical performance, particularly for Zacks Rank 1 stocks, which have averaged a +25% annual return since 1988 [7]. - Agilysys' upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a strong potential for market-beating returns in the near term [10].
OppFi (OPFI) May Find a Bottom Soon, Here's Why You Should Buy the Stock Now
ZACKS· 2025-10-30 14:56
Core Insights - The stock price of OppFi Inc. (OPFI) has been on a bearish trend, losing 7.4% over the past four weeks, but a hammer chart pattern suggests a potential trend reversal as buying interest may be increasing [1][2] Technical Analysis - The hammer chart pattern indicates a potential bottom in the stock price, suggesting that selling pressure may be exhausting and that bulls could be gaining control [2][5] - A hammer pattern forms when there is a small candle body with a long lower wick, typically occurring during a downtrend, signaling a possible reversal if it appears at the bottom of the trend [4][5] - The effectiveness of the hammer pattern is enhanced when used alongside other bullish indicators, as its strength is dependent on its placement on the chart [6] Fundamental Analysis - Recent upward revisions in earnings estimates for OPFI serve as a bullish indicator, correlating strongly with near-term stock price movements [7] - Over the last 30 days, the consensus EPS estimate for the current year has increased by 10.6%, indicating that analysts expect better earnings than previously predicted [8] - OPFI holds a Zacks Rank of 1 (Strong Buy), placing it in the top 5% of over 4,000 ranked stocks, which typically outperform the market [9][10]
Wall Street Analysts Believe Apogee Therapeutics Inc. (APGE) Could Rally 69.3%: Here's is How to Trade
ZACKS· 2025-10-30 14:56
Core Viewpoint - Apogee Therapeutics Inc. (APGE) has seen a significant stock price increase of 41.4% over the past four weeks, closing at $55.7, with analysts suggesting a potential upside of 69.3% based on a mean price target of $94.3 [1][11]. Price Targets and Analyst Estimates - The mean estimate for APGE comprises 10 short-term price targets with a standard deviation of $16.3, indicating variability among analysts. The lowest estimate suggests a 7.7% increase to $60.00, while the highest estimate predicts a surge of 108.3% to $116.00 [2][9]. - A tight clustering of price targets, represented by a low standard deviation, indicates a high degree of agreement among analysts regarding the stock's price movement direction [9]. Earnings Estimates and Analyst Agreement - Analysts show strong agreement in revising earnings per share (EPS) estimates higher for APGE, which is a positive indicator for potential stock upside. This correlation between earnings estimate revisions and stock price movements is supported by empirical research [4][11]. - Over the past 30 days, one estimate for APGE has increased, leading to a 0.9% rise in the Zacks Consensus Estimate, with no negative revisions noted [12]. Zacks Rank and Investment Potential - APGE holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, which further supports its potential upside [13]. - While the consensus price target may not be a reliable indicator of the extent of potential gains, it does provide a useful guide for the direction of price movement [14].