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Here's Why Garmin (GRMN) Fell More Than Broader Market
ZACKS· 2026-03-06 00:16
Company Performance - Garmin closed at $240.17, reflecting a -4.38% change from the previous day, underperforming the S&P 500 which lost 0.57% [1] - Prior to this trading session, Garmin shares had increased by 22.37%, outperforming the Computer and Technology sector's loss of 0.64% and the S&P 500's loss of 0.15% [1] Earnings Forecast - Garmin is expected to report an EPS of $1.78, indicating a 10.56% increase from the same quarter last year [2] - The consensus estimate for quarterly revenue is $1.69 billion, up 10.38% from the previous year [2] Fiscal Year Projections - For the fiscal year, earnings are projected at $9.2 per share and revenue at $7.97 billion, representing increases of +7.48% and +9.98% respectively from the prior year [3] - Recent analyst estimate revisions suggest confidence in Garmin's business performance and profit potential [3] Zacks Rank and Valuation - Garmin currently holds a Zacks Rank of 1 (Strong Buy), with a proven track record of outperformance [5] - The Forward P/E ratio for Garmin is 27.31, which is a premium compared to the industry average of 27.13 [6] PEG Ratio - Garmin has a PEG ratio of 3.08, compared to the Electronics - Miscellaneous Products industry average of 1.87 [7] Industry Context - The Electronics - Miscellaneous Products industry is part of the Computer and Technology sector, currently ranked 31 in the Zacks Industry Rank, placing it in the top 13% of over 250 industries [8]
Trane Technologies (TT) Declines More Than Market: Some Information for Investors
ZACKS· 2026-03-06 00:16
Company Performance - Trane Technologies (TT) closed at $436.36, reflecting a -1.95% change from the previous day, underperforming the S&P 500's daily loss of 0.57% [1] - Over the last month, TT's shares increased by 0.87%, outperforming the Business Services sector's gain of 0.32% and the S&P 500's loss of 0.15% [1] Earnings Projections - The upcoming earnings report for Trane Technologies is projected to show earnings per share (EPS) of $2.56, a 4.49% increase from the same quarter last year [2] - Revenue is estimated at $4.93 billion, reflecting a 5.07% rise from the equivalent quarter last year [2] - For the entire fiscal year, earnings are predicted to be $14.75 per share and revenue at $23.13 billion, indicating increases of +12.94% and +8.46% respectively from the previous year [3] Analyst Estimates - Recent changes to analyst estimates for Trane Technologies are important as they reflect evolving short-term business trends, with positive revisions indicating analysts' confidence in business performance [4] - The Zacks Rank system, which evaluates these estimate changes, currently ranks Trane Technologies at 3 (Hold) [6] Valuation Metrics - Trane Technologies has a Forward P/E ratio of 30.18, which is a premium compared to the industry average Forward P/E of 15.45 [7] - The company has a PEG ratio of 2.35, higher than the Technology Services industry's average PEG ratio of 1.36 [7] Industry Context - The Technology Services industry, part of the Business Services sector, has a Zacks Industry Rank of 179, placing it in the bottom 27% of over 250 industries [8] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [8]
Clearway Energy (CWEN) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2026-03-06 00:16
Core Viewpoint - Clearway Energy's stock performance has been underwhelming compared to the broader market, with a recent decline and significant projected earnings drop in the upcoming report [1][3]. Company Performance - Clearway Energy's stock closed at $37.39, reflecting a -1.01% change from the previous day, underperforming the S&P 500's loss of 0.57% [1]. - Over the last month, the company's shares increased by 1.15%, lagging behind the Oils-Energy sector's gain of 7.17% [2]. - The upcoming earnings report is projected to show an EPS of -$0.41, indicating a drastic 1,466.67% decline year-over-year, while revenue is expected to be $322.42 million, an 8.19% increase from the same quarter last year [3]. Fiscal Year Projections - For the entire fiscal year, earnings are projected at $0.67 per share, representing a -53.15% change from the prior year, while revenue is expected to reach $1.63 billion, reflecting a +13.81% increase [4]. Analyst Forecasts - Recent revisions to analyst forecasts for Clearway Energy are crucial, as they indicate the evolving business trends and analysts' outlook on the company's health and profitability [5]. - The Zacks Rank system, which incorporates estimate changes, currently ranks Clearway Energy at 3 (Hold), with a recent 5.38% decrease in the consensus EPS estimate over the last 30 days [6][7]. Valuation Metrics - Clearway Energy is trading at a Forward P/E ratio of 56.51, significantly higher than the industry average of 18.47, indicating a premium valuation [8]. - The company has a PEG ratio of 1.64, which is lower than the industry average PEG ratio of 1.97, suggesting a more favorable growth expectation relative to its price [9]. Industry Context - Clearway Energy operates within the Alternative Energy - Other industry, which is part of the Oils-Energy sector and currently holds a Zacks Industry Rank of 151, placing it in the bottom 39% of over 250 industries [10].
General Dynamics (GD) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKS· 2026-03-06 00:16
Group 1: Stock Performance - General Dynamics (GD) stock closed at $360.70, reflecting a -1.48% change from the previous day's closing price, which is less than the S&P 500's daily loss of 0.57% [1] - Over the last month, GD shares increased by 3.61%, underperforming the Aerospace sector's gain of 7.46% but outperforming the S&P 500's loss of 0.15% [1] Group 2: Upcoming Financial Results - General Dynamics is expected to report an EPS of $3.72, representing a 1.64% increase from the prior-year quarter, with quarterly revenue anticipated at $12.63 billion, up 3.32% from the year-ago period [2] - For the entire fiscal year, earnings are projected at $16.57 per share and revenue at $54.73 billion, indicating changes of +7.18% and +4.14% respectively from the prior year [3] Group 3: Analyst Estimates and Ratings - Changes in analyst estimates for General Dynamics are crucial as they reflect short-term business dynamics, with upward revisions indicating analysts' positive outlook on the company's profitability [4] - The Zacks Rank system, which assesses estimate changes, currently ranks General Dynamics at 3 (Hold), with a 0.04% increase in the consensus EPS estimate over the last 30 days [6] Group 4: Valuation Metrics - General Dynamics has a Forward P/E ratio of 22.09, which is lower than the industry average of 25.44, suggesting that GD is trading at a discount [7] - The company holds a PEG ratio of 2.15, matching the Aerospace - Defense industry's average PEG ratio, which indicates a balanced consideration of earnings growth [8] Group 5: Industry Ranking - The Aerospace - Defense industry, which includes General Dynamics, has a Zacks Industry Rank of 75, placing it in the top 31% of over 250 industries [8][9]
Why Newmont Corporation (NEM) Dipped More Than Broader Market Today
ZACKS· 2026-03-05 23:51
Core Viewpoint - Newmont Corporation is expected to report strong earnings growth in its upcoming earnings report, with significant increases in both EPS and revenue compared to the previous year [2][3]. Company Performance - Newmont Corporation's stock closed at $116.09, down 2.75% from the previous trading session, underperforming the S&P 500, which lost 0.57% [1]. - Prior to the recent trading day, shares had gained 2.16%, lagging behind the Basic Materials sector's gain of 3.46% [1]. Earnings Estimates - The anticipated EPS for Newmont Corporation is $1.66, reflecting a 32.8% increase year-over-year [2]. - The Zacks Consensus Estimate for revenue is projected at $5.48 billion, up 9.47% from the same quarter last year [2]. - For the full year, earnings are projected at $8.43 per share and revenue at $24.06 billion, indicating increases of 22.35% and 6.14%, respectively, from the prior year [3]. Analyst Estimates - Recent changes to analyst estimates for Newmont Corporation are being closely monitored, as they indicate shifts in near-term business trends [4]. - Positive revisions in estimates suggest analysts' confidence in the company's performance and profit potential [4]. Valuation Metrics - Newmont Corporation has a Forward P/E ratio of 14.17, which is higher than the industry average of 11.87 [7]. - The company has a PEG ratio of 0.96, compared to the Mining - Gold industry's average PEG ratio of 1.22 [7]. Industry Context - The Mining - Gold industry is part of the Basic Materials sector and currently holds a Zacks Industry Rank of 22, placing it in the top 9% of over 250 industries [8]. - Strong individual industry groups, as measured by the Zacks Industry Rank, tend to outperform weaker groups by a factor of 2 to 1 [8].
Procter & Gamble (PG) Falls More Steeply Than Broader Market: What Investors Need to Know
ZACKS· 2026-03-05 23:51
Company Performance - Procter & Gamble (PG) closed at $153.99, reflecting a -2.72% change from the previous day, underperforming the S&P 500 which lost 0.57% [1] - Over the past month, PG shares have gained 0.91%, while the Consumer Staples sector and S&P 500 experienced losses of 0.16% and 0.15% respectively [1] Upcoming Financial Results - The upcoming earnings report is expected to show an EPS of $1.57, a 1.95% increase year-over-year, with revenue anticipated at $20.61 billion, indicating a 4.2% rise from the same quarter last year [2] - For the annual period, earnings are projected at $6.97 per share and revenue at $86.71 billion, reflecting increases of +2.05% and +2.88% respectively from the previous year [3] Analyst Estimates and Revisions - Recent revisions to analyst forecasts for Procter & Gamble are crucial as they indicate changing business trends, with positive revisions suggesting confidence in performance and profit potential [3] - The Zacks Consensus EPS estimate has seen a slight decrease of 0.02% over the last 30 days, and Procter & Gamble currently holds a Zacks Rank of 3 (Hold) [5] Valuation Metrics - Procter & Gamble is trading at a Forward P/E ratio of 22.7, which is a premium compared to its industry's Forward P/E of 19.34 [6] - The company has a PEG ratio of 5.29, significantly higher than the industry average PEG ratio of 2.93 [6] Industry Context - The Consumer Products - Staples industry is part of the Consumer Staples sector and holds a Zacks Industry Rank of 80, placing it in the top 33% of over 250 industries [7] - Research indicates that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [7]
Why Agnico Eagle Mines (AEM) Dipped More Than Broader Market Today
ZACKS· 2026-03-05 23:45
Core Viewpoint - Agnico Eagle Mines is experiencing significant growth in earnings and revenue, with strong projections for the upcoming financial results, indicating a positive outlook for the company. Financial Performance - The company's earnings per share (EPS) are projected to be $3.36, reflecting a 119.61% increase from the same quarter last year [2] - The Zacks Consensus Estimate for revenue is projecting net sales of $4.01 billion, up 62.4% from the year-ago period [2] - For the full year, earnings are projected at $13.28 per share and revenue at $16.35 billion, demonstrating changes of +60.39% and +37.3%, respectively, from the preceding year [3] Analyst Estimates - Recent changes to analyst estimates for Agnico Eagle Mines indicate a positive outlook, with the Zacks Consensus EPS estimate moving 11.52% higher over the last 30 days [5] - The company currently holds a Zacks Rank of 1 (Strong Buy), suggesting strong investor confidence [5] Valuation Metrics - Agnico Eagle Mines is currently trading at a Forward P/E ratio of 17.53, which is a premium compared to the industry average Forward P/E of 11.87 [6] - The Mining - Gold industry, part of the Basic Materials sector, has a Zacks Industry Rank of 22, placing it in the top 9% of all industries [6] Industry Performance - The strength of individual industry groups is measured by the Zacks Industry Rank, with the top 50% rated industries outperforming the bottom half by a factor of 2 to 1 [7]
Allstate (ALL) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2026-03-05 23:45
Group 1: Stock Performance - Allstate's stock closed at $211.62, down 1.2%, which was less than the S&P 500's daily loss of 0.57% [1] - Over the past month, Allstate's stock has increased by 3.41%, outperforming the Finance sector's loss of 2.87% and the S&P 500's loss of 0.15% [1] Group 2: Earnings Estimates - The upcoming earnings report for Allstate is expected to show an EPS of $7.12, representing a 101.7% increase compared to the same quarter last year [2] - Revenue is anticipated to be $17.79 billion, reflecting a 5.86% increase from the prior-year quarter [2] Group 3: Fiscal Year Projections - For the entire fiscal year, earnings are projected at $25.32 per share, indicating a decrease of 27.3% from the previous year [3] - Revenue for the fiscal year is estimated at $72.85 billion, showing an increase of 7.36% from the prior year [3] Group 4: Analyst Estimates and Ratings - Recent changes in analyst estimates for Allstate suggest a positive outlook on the company's business operations and profit generation capabilities [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Allstate as 1 (Strong Buy), with a 4.64% increase in the consensus EPS estimate over the last 30 days [6] Group 5: Valuation Metrics - Allstate's Forward P/E ratio is 8.46, which is lower than the industry average Forward P/E of 10.64, indicating a valuation discount [6] - The company has a PEG ratio of 0.44, significantly lower than the industry average PEG ratio of 2.16 [7] Group 6: Industry Context - The Insurance - Property and Casualty industry, to which Allstate belongs, ranks in the top 16% of all industries according to the Zacks Industry Rank [8] - The top 50% rated industries outperform the bottom half by a factor of 2 to 1, indicating a favorable environment for Allstate [8]
Will Globale Online (GLBE) Gain on Rising Earnings Estimates?
ZACKS· 2026-03-05 18:20
Core Viewpoint - Global-e Online Ltd. (GLBE) is experiencing solid improvements in earnings estimates, which may lead to continued short-term price momentum and a favorable earnings outlook [1][2]. Earnings Estimate Revisions - Analysts show growing optimism regarding Global-e Online's earnings prospects, as reflected in the upward trend of estimate revisions, which correlates strongly with stock price movements [2]. - The consensus earnings estimates for the next quarter have increased significantly, with the current-quarter estimate expected to be $0.17 per share, representing a year-over-year change of +254.6% [5]. - For the full year, the earnings estimate is projected at $1.08 per share, indicating a change of +176.9% from the previous year, with five estimates moving higher and no negative revisions [6][7]. Zacks Rank and Performance - Global-e Online currently holds a Zacks Rank 1 (Strong Buy), indicating promising estimate revisions and a strong potential for stock performance [8]. - Historically, Zacks 1 Ranked stocks have generated an average annual return of +25% since 2008, suggesting a strong track record of outperformance [3]. Stock Performance - The stock has gained 6.5% over the past four weeks, driven by solid estimate revisions and positive earnings growth prospects, making it a potential addition to investment portfolios [9].
Surging Earnings Estimates Signal Upside for BrightSpring Health Services, Inc. (BTSG) Stock
ZACKS· 2026-03-05 18:20
Core Insights - BrightSpring Health Services, Inc. (BTSG) shows a significantly improving earnings outlook, making it a solid choice for investors [1] - Analysts are raising their earnings estimates for the company, indicating a positive trend that may continue [2] Estimate Revisions - The current quarter's earnings estimate is projected at $0.32 per share, reflecting a +68.4% change from the previous year [5] - Over the last 30 days, the Zacks Consensus Estimate for the current quarter has increased by 12.69% due to three upward revisions and one downward revision [5] - For the full year, the earnings estimate stands at $1.56 per share, representing a +56.0% change from the year-ago figure [6] - In the past month, six estimates have been revised upward for the current year, with no negative revisions, leading to an 11.99% increase in the consensus estimate [7] Zacks Rank - BrightSpring Health Services, Inc. has achieved a Zacks Rank 1 (Strong Buy) due to favorable estimate revisions, which is a reliable indicator for investors [8] - Stocks with Zacks Rank 1 and 2 have historically outperformed the S&P 500 [8] Stock Performance - The stock has increased by 12.6% over the past four weeks, driven by strong estimate revisions [9] - There may still be further upside potential in the stock, suggesting it could be a good addition to investment portfolios [9]