Earnings estimate revision

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Scorpio Tankers (STNG) Moves 9.2% Higher: Will This Strength Last?
ZACKS· 2025-07-11 10:06
Scorpio Tankers (STNG) shares rallied 9.2% in the last trading session to close at $45.55. 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 1.2% gain over the past four weeks.Shares of Scorpio Tankers have performed well of late, gaining 11% in the past month. The recent spike in demand for petroleum tankers due to a pause in production from major Middle Eastern exporters has served STNG well. This shipping c ...
MP Materials (MP) Moves 50.6% Higher: Will This Strength Last?
ZACKS· 2025-07-11 09:50
Core Viewpoint - MP Materials Corp. has entered into a public-private partnership with the U.S. Department of Defense to develop a domestic rare earth magnet supply chain, leading to a significant surge in its stock price by 50.6% in the last trading session [1]. Group 1: Partnership and Manufacturing Capacity - The partnership involves the construction of the 10X Facility, which will be the second domestic magnet manufacturing facility, expected to begin commissioning in 2028 [2]. - This facility will increase MP Materials' total U.S. rare earth magnet manufacturing capacity to an estimated 10,000 metric tons, serving both defense and commercial sectors [2]. Group 2: Financial Commitments and Market Protection - Under the 10-year agreement, the DoD has established a price floor commitment of $110 per kilogram for MP Materials' products, providing a safeguard against market volatility [3]. - The DoD has committed to purchasing 100% of the magnets produced at the 10X Facility for a duration of 10 years, ensuring a stable revenue stream for the company [3]. Group 3: Earnings Expectations - MP Materials is expected to report a quarterly loss of $0.16 per share, reflecting a year-over-year change of +5.9%, with revenues projected at $43.09 million, up 37.9% from the previous year [4]. - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating that stock price movements may be influenced by trends in earnings estimate revisions [5]. Group 4: Industry Context - MP Materials is part of the Zacks Mining - Miscellaneous industry, which includes other companies like Teck Resources Ltd, currently holding a Zacks Rank of 3 (Hold) [6]. - Teck Resources has seen a -3.9% change in its consensus EPS estimate over the past month, indicating potential challenges within the same industry [7].
Piper Sandler Companies (PIPR) Stock Jumps 4.4%: Will It Continue to Soar?
ZACKS· 2025-07-11 09:46
Company Performance - Piper Sandler Companies (PIPR) shares increased by 4.4% to close at $302.62, supported by solid trading volume, and have gained 11.5% over the past four weeks [1][2] - The stock has seen a price increase for two consecutive trading sessions, driven by growing investor optimism regarding investment banks due to a rebound in deal-making activities linked to clarity on Trump's tariff plans [2] Earnings Expectations - The company is expected to report quarterly earnings of $1.99 per share, reflecting a year-over-year decline of 21%, while revenues are projected to be $344.7 million, an increase of 1.6% from the previous year [3] - The consensus EPS estimate for Piper Sandler has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Industry Context - Piper Sandler belongs to the Zacks Financial - Investment Bank industry, which includes other companies like Citigroup (C), that closed 1.5% higher at $87.08, with a 9.5% return over the past month [5] - Citigroup's consensus EPS estimate has increased by 0.6% to $1.62, representing a year-over-year change of 6.6% [6]
Conagra Brands (CAG) Lags Q4 Earnings and Revenue Estimates
ZACKS· 2025-07-10 20:50
Conagra Brands (CAG) came out with quarterly earnings of $0.56 per share, missing the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.61 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -5.08%. A quarter ago, it was expected that this company would post earnings of $0.52 per share when it actually produced earnings of $0.51, delivering a surprise of -1.92%.Over the last four quarters, the company ha ...
Byrna Technologies Inc. (BYRN) Tops Q2 Earnings and Revenue Estimates
ZACKS· 2025-07-10 20:50
Byrna Technologies Inc. (BYRN) came out with quarterly earnings of $0.1 per share, beating the Zacks Consensus Estimate of $0.05 per share. This compares to earnings of $0.13 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +100.00%. A quarter ago, it was expected that this company would post earnings of $0.02 per share when it actually produced earnings of $0.07, delivering a surprise of +250%.Over the last four quarters, the ...
Sono-Tek Corporation (SOTK) Surpasses Q1 Earnings Estimates
ZACKS· 2025-07-10 20:50
Sono-Tek Corporation (SOTK) came out with quarterly earnings of $0.03 per share, beating the Zacks Consensus Estimate of $0.02 per share. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +50.00%. A quarter ago, it was expected that this company would post earnings of $0.01 per share when it actually produced earnings of $0.02, delivering a surprise of +100%.Over the last four quarters, the com ...
Delta Air Lines (DAL) Beats Q2 Earnings and Revenue Estimates
ZACKS· 2025-07-10 20:50
Delta Air Lines (DAL) came out with quarterly earnings of $2.1 per share, beating the Zacks Consensus Estimate of $2.04 per share. This compares to earnings of $2.36 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of +2.94%. A quarter ago, it was expected that this airline would post earnings of $0.4 per share when it actually produced earnings of $0.46, delivering a surprise of +15%.Over the last four quarters, the company has s ...
Surging Earnings Estimates Signal Upside for Cadence (CADE) Stock
ZACKS· 2025-07-10 17:20
Core Viewpoint - Investors are encouraged to consider Cadence (CADE) due to solid improvements in earnings estimates and positive short-term price momentum [1] Earnings Estimate Revisions - Analysts are increasingly optimistic about Cadence's earnings prospects, leading to higher estimates that are expected to positively impact the stock price [2] - The Zacks Rank system indicates strong agreement among analysts in raising earnings estimates, significantly increasing consensus estimates for the next quarter and full year [3] Current-Quarter Estimates - The earnings estimate for the current quarter is $0.69 per share, unchanged from the previous year, with a 5.19% increase in the Zacks Consensus Estimate over the last 30 days [6] - There have been two upward revisions with no negative changes in estimates for the current quarter [6] Current-Year Estimates - The full-year earnings estimate stands at $2.92 per share, reflecting a 6.57% increase from the previous year [7] - Over the past month, two estimates have been revised upward, contributing to a 5.92% increase in the consensus estimate [8] Zacks Rank - Cadence has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which historically correlate with significant outperformance compared to the S&P 500 [9] Stock Performance - The stock has gained 13.2% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects [10]
Kyndryl Holdings, Inc. (KD) Upgraded to Strong Buy: Here's What You Should Know
ZACKS· 2025-07-10 17:01
Kyndryl Holdings, Inc. (KD) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is 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 t ...
State Street (STT) Moves to Strong Buy: Rationale Behind the Upgrade
ZACKS· 2025-07-10 17:01
State Street Corporation (STT) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is 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.T ...