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All You Need to Know About Washington Trust (WASH) Rating Upgrade to Buy
ZACKS· 2025-09-12 17:00
Investors might want to bet on Washington Trust Bancorp (WASH) , 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 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 sy ...
Associated British Foods (ASBFY) Upgraded to Buy: Here's Why
ZACKS· 2025-09-12 17:00
Associated British Foods PLC (ASBFY) 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.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 b ...
All You Need to Know About BRIACELL THERAP (BCTX) Rating Upgrade to Buy
ZACKS· 2025-09-12 17:00
BRIACELL THERAP (BCTX) 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.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 chan ...
Curtiss-Wright (CW) Upgraded to Buy: What Does It Mean for the Stock?
ZACKS· 2025-09-12 17:00
Core Viewpoint - Curtiss-Wright (CW) has received an upgrade 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]. Implications of the Upgrade - The upgrade for Curtiss-Wright suggests an improvement in the company's underlying business, which could lead to increased buying pressure and a rise in stock price [5][10]. - The Zacks Rank system maintains a balanced distribution of ratings, ensuring that only the top 20% of stocks, like Curtiss-Wright, are positioned for potential market-beating returns [9][10]. Earnings Estimate Revisions - For the fiscal year ending December 2025, Curtiss-Wright is expected to earn $12.91 per share, with a 2.3% increase in the Zacks Consensus Estimate over the past three months [8].
First United (FUNC) Upgraded to Buy: Here's Why
ZACKS· 2025-09-12 17:00
First United Corporation (FUNC) could be a solid addition to your portfolio 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.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 sys ...
All You Need to Know About Cadence (CADE) Rating Upgrade to Buy
ZACKS· 2025-09-12 17:00
Core Viewpoint - Cadence (CADE) has received an upgrade to a Zacks Rank 2 (Buy), 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 is based on changes in earnings estimates, which are closely correlated with near-term stock price movements [4][6]. - Institutional investors utilize earnings estimates to determine the fair value of stocks, leading to buying or selling actions that affect stock prices [4]. Recent Performance and Outlook - Cadence is projected to earn $3.00 per share for the fiscal year ending December 2025, showing no year-over-year change [8]. - Over the past three months, the Zacks Consensus Estimate for Cadence has increased by 6.6%, reflecting a positive outlook for the company [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 (Strong Buy) stocks historically generating an average annual return of +25% since 1988 [7]. - Cadence's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating strong potential for market-beating returns in the near term [10].
A-Mark (AMRK) Upgraded to Strong Buy: Here's Why
ZACKS· 2025-09-12 17:00
Core Viewpoint - A-Mark Precious Metals (AMRK) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook based on rising earnings estimates, which significantly influence stock prices [1][3]. Earnings Estimates and Stock Price Movement - The Zacks rating system is effective for individual investors as it focuses on earnings estimate revisions, which are crucial for near-term stock price movements [2][4]. - A-Mark's upgrade reflects an optimistic earnings outlook, likely leading to increased buying pressure and a rise in stock price [3][5]. Impact of Institutional Investors - Changes in earnings estimates are closely correlated with stock price movements, largely due to institutional investors who adjust their valuations based on these estimates [4]. Earnings Estimate Revisions for A-Mark - A-Mark is projected to earn $3.43 per share for the fiscal year ending June 2026, with no year-over-year change expected [8]. - Over the past three months, the Zacks Consensus Estimate for A-Mark has increased by 26.1%, indicating a positive trend in earnings expectations [8]. Zacks Rank System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with Zacks Rank 1 stocks historically generating an average annual return of +25% since 1988 [7]. - A-Mark's upgrade to Zacks Rank 1 places it in the top 5% of Zacks-covered stocks, suggesting potential for market-beating returns in the near term [10].
NiSource (NI) Upgraded to Buy: Here's Why
ZACKS· 2025-09-12 17:00
Core Viewpoint - NiSource (NI) has received an upgrade to a Zacks Rank 2 (Buy) due to an upward trend in earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system is based solely on a company's changing earnings picture, with the Zacks Consensus Estimate tracking EPS estimates from sell-side analysts [1][2]. - Changes in future earnings potential, reflected in earnings estimate revisions, are strongly correlated with near-term stock price movements [4][6]. - Rising earnings estimates for NiSource indicate an improvement in the company's underlying business, suggesting that investors may push the stock price higher [5][10]. Zacks Rank System - The Zacks Rank stock-rating system classifies stocks into five groups based on four factors related to earnings estimates, with a strong historical performance of Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7][9]. - NiSource's upgrade to Zacks Rank 2 places it in the top 20% of Zacks-covered stocks, indicating a superior earnings estimate revision feature and potential for market-beating returns [10]. Earnings Estimate Revisions for NiSource - For the fiscal year ending December 2025, NiSource is expected to earn $1.88 per share, unchanged from the previous year, but analysts have raised their estimates by 0.1% over the past three months [8].
Wall Street Analysts See Agnico (AEM) as a Buy: Should You Invest?
ZACKS· 2025-09-12 14:31
Core Viewpoint - The article discusses the reliability of Wall Street analysts' recommendations, particularly focusing on Agnico Eagle Mines (AEM), and emphasizes the importance of using these recommendations in conjunction with other analytical tools like the Zacks Rank. Group 1: Brokerage Recommendations - Agnico Eagle Mines has an average brokerage recommendation (ABR) of 1.56, indicating a consensus between Strong Buy and Buy based on 16 brokerage firms' recommendations [2] - Out of the 16 recommendations, 10 are Strong Buy and 3 are Buy, which represent 62.5% and 18.8% of all recommendations respectively [2] - Despite the positive ABR, relying solely on this information for investment decisions may not be wise, as studies show limited success of brokerage recommendations in predicting stock price increases [5] Group 2: Analyst Bias and Zacks Rank - Brokerage analysts often exhibit a strong positive bias in their ratings due to vested interests, with five "Strong Buy" recommendations for every "Strong Sell" [6] - The Zacks Rank, a proprietary stock rating tool, categorizes stocks based on earnings estimate revisions and has a strong correlation with near-term stock price movements, making it a more reliable indicator than ABR [8][11] - The Zacks Rank is updated more frequently than ABR, reflecting timely changes in earnings estimates, which can provide better insights into future price movements [12] Group 3: Earnings Estimates and Investment Outlook - The Zacks Consensus Estimate for Agnico has increased by 1.1% over the past month to $6.94, indicating growing optimism among analysts regarding the company's earnings prospects [13] - The recent change in consensus estimates, along with other factors, has resulted in a Zacks Rank 1 (Strong Buy) for Agnico, suggesting a favorable investment outlook [14]
Offerpad Solutions (OPAD) Surges 29.9%: Is This an Indication of Further Gains?
ZACKS· 2025-09-12 14:11
Company Overview - Offerpad Solutions Inc. (OPAD) shares increased by 29.9% to close at $5, with a notable trading volume compared to typical sessions, and a total gain of 196.2% over the past four weeks [1] - The company is expected to report a quarterly loss of $0.29 per share, reflecting a year-over-year change of +40.8%, with revenues projected at $139.05 million, down 33.2% from the previous year [3] Investor Sentiment - Increased investor optimism is linked to the company's announcement to enhance its HomePro program, aimed at improving efficiency for real estate agents, and hopes that the Federal Reserve may lower interest rates [2] - The consensus EPS estimate for Offerpad Solutions has remained unchanged over the last 30 days, indicating that stock price movements typically do not sustain without trends in earnings estimate revisions [4] Industry Context - Offerpad Solutions operates within the Zacks Real Estate - Operations industry, where Newmark Group (NMRK) also operates, having closed 2.2% higher at $19.24, with an 8% return over the past month [4] - Newmark Group's consensus EPS estimate for the upcoming report is $0.41, representing a +24.2% change from the previous year, and it currently holds a Zacks Rank of 1 (Strong Buy) [5]