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EverCommerce (EVCM) Upgraded to Strong Buy: Here's Why
ZACKS· 2025-09-23 17:01
Core Viewpoint - EverCommerce (EVCM) has been upgraded to a Zacks Rank 1 (Strong Buy), indicating a positive outlook on its earnings estimates, which is a significant factor influencing stock prices [1][3]. Earnings Estimates and Stock Price Impact - The Zacks rating system tracks the Zacks Consensus Estimate, which reflects EPS estimates from sell-side analysts, and changes in these estimates are strongly correlated with stock price movements [4][6]. - An increase in earnings estimates typically leads to higher fair value calculations by institutional investors, resulting in buying or selling actions that affect stock prices [4]. Company Performance and Outlook - The recent upgrade for EverCommerce suggests an improvement in its underlying business, which could lead to increased stock prices as investors respond positively to this trend [5][10]. - Over the past three months, the Zacks Consensus Estimate for EverCommerce has increased by 988.9%, indicating a significant upward revision in earnings expectations [8]. Zacks Rating System - The Zacks Rank system classifies stocks into five groups based on earnings estimates, with only the top 5% receiving a "Strong Buy" rating, which positions EverCommerce favorably for potential market-beating returns [7][10]. - The Zacks Rank has a strong historical performance, with Zacks Rank 1 stocks generating an average annual return of +25% since 1988 [7].
All You Need to Know About Draganfly (DPRO) Rating Upgrade to Buy
ZACKS· 2025-09-23 17:01
Draganfly Inc. (DPRO) could be a solid choice for investors 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.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.Individual investors ...
Wall Street Analysts See a 91.89% Upside in Solaris Resources Inc. (SLSR): Can the Stock Really Move This High?
ZACKS· 2025-09-23 14:56
Group 1 - Solaris Resources Inc. (SLSR) shares have increased by 0.4% over the past four weeks, closing at $5.55, with a mean price target of $10.65 indicating a potential upside of 91.9% [1] - The average price targets range from a low of $8.76 to a high of $13.05, with a standard deviation of $2.18, suggesting a strong agreement among analysts regarding the stock's potential movement [2] - Analysts show strong optimism regarding SLSR's earnings prospects, with a positive trend in earnings estimate revisions correlating with potential stock price increases [4][11] Group 2 - The Zacks Consensus Estimate for SLSR has increased by 14.3% due to one upward revision in earnings estimates over the last 30 days, indicating positive sentiment among analysts [12] - SLSR holds a Zacks Rank 2 (Buy), placing it in the top 20% of over 4,000 ranked stocks based on earnings estimate factors, further supporting its potential upside [13] - While the consensus price target may not be entirely reliable, the direction it implies appears to be a good guide for potential price movement [14]
Strength Seen in Wabtec (WAB): Can Its 4.9% Jump Turn into More Strength?
ZACKS· 2025-09-23 13:46
Group 1 - Wabtec's shares increased by 4.9% to $197.96, following a higher-than-average trading volume, contrasting with a 3.6% loss over the past four weeks [1][2] - The stock's recent rise is linked to an agreement with Kazakhstan's national railway for Evolution Series locomotives and long-term service support [2] - Wabtec is expected to report quarterly earnings of $2.27 per share, reflecting a year-over-year increase of 13.5%, with revenues projected at $2.9 billion, up 8.8% from the previous year [2] Group 2 - The consensus EPS estimate for Wabtec has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [4] - Wabtec holds a Zacks Rank of 3 (Hold), similar to Herc Holdings, which also has a Zacks Rank of 3 and reported a 4.5% increase in its stock price [5][6] - Herc Holdings' EPS estimate for the upcoming report is $2.23, representing a significant year-over-year decline of 48.7% [6]
Strength Seen in Itron (ITRI): Can Its 3.7% Jump Turn into More Strength?
ZACKS· 2025-09-23 12:31
Company Overview - Itron (ITRI) shares increased by 3.7% to $125.07, following a period of 4.9% loss over the past four weeks, indicating a significant trading volume [1] - The company is experiencing steady margin expansion and cash flow despite facing modest top-line pressure [3] Partnership and Product Development - Itron announced a partnership with Current Lighting Solutions to provide a smart lighting solution aimed at enhancing safety, energy efficiency, and operations [2] - The collaboration integrates Itron's CityEdge management technologies with Current's advanced LED fixtures, improving streetlight performance for cities and utilities [2] Financial Performance and Projections - Itron is expected to report quarterly earnings of $1.48 per share, reflecting a year-over-year decline of 19.6%, with revenues projected at $576.45 million, down 6.3% from the previous year [4] - The company's full-year revenue guidance has been reduced to $2.35-$2.4 billion, down from $2.4-$2.5 billion, due to slower project deployments and regulatory complexities [3] Market Sentiment and Stock Performance - The consensus EPS estimate for Itron has been revised slightly lower over the past 30 days, indicating a negative trend in earnings estimate revisions, which typically does not lead to price appreciation [5] - Itron currently holds a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to other stocks in the same industry [6]
AppLovin (APP) Soars 4.5%: Is Further Upside Left in the Stock?
ZACKS· 2025-09-22 18:15
Company Overview - AppLovin (APP) shares increased by 4.5% to $649.59 in the last trading session, with a notable trading volume and a total gain of 48.4% over the past four weeks, driven by investor positioning ahead of its inclusion in the S&P 500 [1] Earnings Expectations - AppLovin is projected to report quarterly earnings of $2.34 per share, reflecting a year-over-year increase of 87.2%. Revenue is expected to reach $1.34 billion, marking an 11.7% rise from the same quarter last year [2] Earnings Estimate Trends - The consensus EPS estimate for AppLovin has remained stable over the last 30 days, indicating that stock price movements may not sustain without changes in earnings estimate revisions. Monitoring AppLovin's performance will be crucial to determine if the recent price increase can lead to further strength [3] Industry Ranking - AppLovin holds a Zacks Rank of 1 (Strong Buy) within the Zacks Technology Services industry, while CoreCard Corporation (CCRD), another company in the same sector, has a Zacks Rank of 3 (Hold) and experienced a 2.2% decline in the last trading session [4][5]
GrafTech (EAF) Stock Jumps 6.0%: Will It Continue to Soar?
ZACKS· 2025-09-22 13:26
Company Overview - GrafTech International (EAF) shares increased by 6% to $13.46 in the last trading session, with a notable trading volume, contributing to a 35.1% gain over the past four weeks [1] Industry Insights - According to the American Iron and Steel Institute, domestic raw steel production rose by 6.5% year-over-year to 1,764,000 net tons for the week ending September 13, 2025. The domestic steel output is expected to see modest growth in 2025, driven by increased adoption of the electric arc furnace method, which will enhance demand for graphite electrodes, benefiting GrafTech [2] Financial Performance Expectations - GrafTech is projected to report a quarterly loss of $1.25 per share, reflecting a year-over-year change of +3.9%. Revenue is anticipated to reach $142.5 million, marking a 9.1% increase from the same quarter last year [3] - The consensus EPS estimate for GrafTech has remained stable over the past 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [4] Market Position - GrafTech holds a Zacks Rank of 3 (Hold) and is part of the Zacks Metal Products - Procurement and Fabrication industry. In comparison, Kaiser Aluminum (KALU), another company in the same industry, saw a 2.1% decline in its last trading session [5] - Kaiser Aluminum's consensus EPS estimate has also remained unchanged at $0.8, representing a year-over-year change of +56.9%, and it currently holds a Zacks Rank of 2 (Buy) [6]
Endeavour Silver (EXK) Surges 9.4%: Is This an Indication of Further Gains?
ZACKS· 2025-09-22 13:10
Group 1: Company Performance - Endeavour Silver (EXK) shares increased by 9.4% to close at $6.76, with notable trading volume compared to typical sessions, and a 9.8% gain over the past four weeks [1] - The company is expected to report quarterly earnings of $0.05 per share, reflecting a year-over-year increase of 400%, with revenues projected at $124.77 million, up 133.5% from the previous year [3] - The consensus EPS estimate for Endeavour Silver has been revised 35.7% lower in the last 30 days, indicating a negative trend in earnings estimate revisions [4] Group 2: Industry Context - Gold and silver prices have reached record highs, driven by expectations of further U.S. Federal Reserve rate cuts, with gold up 40.4% year-to-date due to safe-haven buying amid geopolitical tensions and strong central bank purchases [2] - Silver demand is supported by robust growth in the solar, electric vehicle, and electronics sectors, while supply constraints are tightening the market [2] - Endeavour Silver is part of the Zacks Mining - Silver industry, which includes Hecla Mining (HL), whose shares rose 1.8% to $10.96, with a 40.1% return over the past month [5][6]
Idaho Strategic Resources (IDR) Moves 6.0% Higher: Will This Strength Last?
ZACKS· 2025-09-22 13:10
Company Overview - Idaho Strategic Resources, Inc. (IDR) shares increased by 6% to $30.91 in the last trading session, with a notable trading volume, contributing to a total gain of 19.7% over the past four weeks [1] - The company is expected to report quarterly earnings of $0.19 per share, reflecting a year-over-year increase of 26.7%, with revenues projected at $9.4 million, up 52.9% from the previous year [3] Market Context - The rise in IDR shares is attributed to soaring gold prices, which have increased by 40.4% year-to-date, driven by safe-haven buying amid geopolitical tensions and expectations of further U.S. Federal Reserve rate cuts [2] - The Federal Reserve recently lowered interest rates by 25 basis points and hinted at the possibility of two additional cuts this year [2] Industry Position - Idaho Strategic Resources has been included in the VanEck Junior Gold Miners ETF (GDXJ) and the Russell 3000 index, enhancing its visibility among retail and institutional investors [3] - The company operates within the Zacks Mining - Gold industry, where AngloGold Ashanti (AU) also saw a 5% increase in its stock price, with a 17.8% return over the past month [6] Earnings Estimate Trends - Despite positive earnings and revenue growth expectations, the consensus EPS estimate for IDR has been revised 5% lower in the last 30 days, indicating a potential negative trend in earnings estimate revisions [5] - Empirical research suggests that trends in earnings estimate revisions are closely linked to near-term stock price movements, which may impact IDR's future performance [4]
Strength Seen in Coeur Mining (CDE): Can Its 7.0% Jump Turn into More Strength?
ZACKS· 2025-09-22 13:01
Company Overview - Coeur Mining (CDE) shares increased by 7% to close at $17.42, with trading volume significantly higher than usual, reflecting a 39.5% gain over the past four weeks [1][2] Market Conditions - The rise in Coeur Mining's shares is attributed to record-high gold and silver prices, driven by expectations of further U.S. Federal Reserve rate cuts, including a recent 25 basis point reduction [2] - Year-to-date, gold prices have risen by 40.4%, supported by safe-haven buying amid geopolitical tensions and strong central bank purchases, while silver demand is bolstered by industries such as solar, electric vehicles, and electronics [2] Company Performance - Coeur Mining's recent drilling results from its Las Chispas and Kensington mines indicate some of the highest grades, with expected quarterly earnings of $0.22 per share, representing an 83.3% year-over-year increase [3] - Revenue is projected to be $511.2 million, reflecting a 63.1% increase from the same quarter last year [3] Earnings Estimates - The consensus EPS estimate for Coeur Mining has been revised 4.7% higher in the last 30 days, indicating a positive trend that typically correlates with stock price appreciation [5] - The company is currently ranked 3 (Hold) by Zacks, while another company in the same industry, United States Antimony Corporation, has a Zacks Rank of 4 (Sell) [6][7]