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Washington Trust Bancorp (WASH) Q2 Earnings and Revenues Top Estimates
ZACKS· 2025-07-21 22:15
Core Viewpoint - Washington Trust Bancorp (WASH) reported quarterly earnings of $0.68 per share, exceeding the Zacks Consensus Estimate of $0.63 per share, and showing an increase from $0.63 per share a year ago [1][2] Financial Performance - The earnings surprise for the quarter was +7.94%, with the company previously expected to post earnings of $0.62 per share but actually producing $0.61, resulting in a surprise of -1.61% [2] - Washington Trust's revenues for the quarter ended June 2025 were $54.26 million, surpassing the Zacks Consensus Estimate by 0.64%, compared to $48.24 million in the same quarter last year [3] - The company has exceeded consensus revenue estimates four times over the last four quarters [3] Stock Performance - Washington Trust shares have declined approximately 7.2% since the beginning of the year, while the S&P 500 has gained 7.1% [4] - The current Zacks Rank for Washington Trust is 3 (Hold), indicating expected performance in line with the market in the near future [7] Future Outlook - The consensus EPS estimate for the upcoming quarter is $0.70 on revenues of $54.78 million, and for the current fiscal year, it is $2.62 on revenues of $219.65 million [8] - The outlook for the industry, particularly the Banks - Northeast sector, is currently in the top 30% of over 250 Zacks industries, suggesting a favorable environment for performance [9]
Stem (STEM) Surges 45.6%: Is This an Indication of Further Gains?
ZACKS· 2025-07-21 16:06
Group 1: Stem, Inc. (STEM) - STEM shares increased by 45.6% in the last trading session, closing at $13.5, with significantly higher trading volume compared to normal sessions [1] - The stock has gained 6.4% over the past four weeks, driven by a focus on high-margin software and services, particularly PowerTrack and managed services, alongside cost reductions and improved operational efficiency [1] - The consensus EPS estimate for the upcoming quarterly report is a loss of $3.00 per share, reflecting a year-over-year change of +31.8%, with expected revenues of $33.1 million, down 2.7% from the previous year [2] Group 2: Industry Context - STEM belongs to the Zacks Computers - IT Services industry, which includes other companies like Taboola.com Ltd. (TBLA) [3] - TBLA's consensus EPS estimate for its upcoming report is unchanged at $0.09, representing a +1000% change from the previous year [4] - Both STEM and TBLA currently hold a Zacks Rank of 3 (Hold), indicating a neutral outlook for these stocks [3][4]
Preferred Bank (PFBC) Q2 Earnings and Revenues Beat Estimates
ZACKS· 2025-07-21 14:15
Group 1 - Preferred Bank reported quarterly earnings of $2.52 per share, exceeding the Zacks Consensus Estimate of $2.43 per share, and showing an increase from $2.48 per share a year ago, resulting in an earnings surprise of +3.70% [1] - The bank's revenues for the quarter ended June 2025 were $70.65 million, surpassing the Zacks Consensus Estimate by 0.71%, and up from $69.51 million year-over-year [2] - Preferred Bank has outperformed the S&P 500 with a share price increase of about 7.2% since the beginning of the year, compared to the S&P 500's gain of 7.1% [3] Group 2 - The earnings outlook for Preferred Bank is crucial for investors, as it includes current consensus earnings expectations for upcoming quarters and any recent changes in these expectations [4] - The estimate revisions trend for Preferred Bank was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] - The current consensus EPS estimate for the upcoming quarter is $2.47 on revenues of $70.8 million, and for the current fiscal year, it is $9.61 on revenues of $279.6 million [7] Group 3 - The Zacks Industry Rank indicates that the Banks - West industry is currently in the top 29% of over 250 Zacks industries, suggesting a favorable outlook for stocks within this sector [8]
Strength Seen in StepStone Group (STEP): Can Its 6.0% Jump Turn into More Strength?
ZACKS· 2025-07-18 16:05
Group 1 - StepStone Group Inc. (STEP) shares increased by 6% to close at $63.24, with a notable trading volume compared to normal sessions, and an overall gain of 11.3% over the past four weeks [1][2] - The price surge was driven by the announcement that StepStone is leveraging Goji's technology to improve access to its European private market evergreen funds, enhancing the investor experience [2] - The company is projected to report quarterly earnings of $0.41 per share, reflecting a year-over-year decline of 14.6%, while revenues are expected to reach $228.81 million, a 3.5% increase from the previous year [3] Group 2 - The consensus EPS estimate for StepStone has remained stable over the last 30 days, indicating that stock price movements may not sustain without earnings estimate revisions [4] - StepStone Group holds a Zacks Rank of 1 (Strong Buy), suggesting strong market confidence in the stock's potential [4] - The company operates within the Zacks Financial - Miscellaneous Services industry, which includes other firms like Houlihan Lokey, whose stock has also shown positive performance [4][5]
Schlumberger (SLB) Surpasses Q2 Earnings and Revenue Estimates
ZACKS· 2025-07-18 13:00
Company Performance - Schlumberger reported quarterly earnings of $0.74 per share, exceeding the Zacks Consensus Estimate of $0.73 per share, but down from $0.85 per share a year ago, indicating an earnings surprise of +1.37% [1] - The company posted revenues of $8.55 billion for the quarter ended June 2025, surpassing the Zacks Consensus Estimate by 0.71%, but down from $9.14 billion year-over-year [2] - Over the last four quarters, Schlumberger has surpassed consensus EPS estimates three times and topped consensus revenue estimates two times [2] Stock Outlook - The stock has underperformed the market, losing about 9.6% since the beginning of the year compared to the S&P 500's gain of 7.1% [3] - The current consensus EPS estimate for the coming quarter is $0.77 on revenues of $9.28 billion, and for the current fiscal year, it is $3.03 on revenues of $35.81 billion [7] - The estimate revisions trend for Schlumberger was unfavorable ahead of the earnings release, resulting in a Zacks Rank 5 (Strong Sell) for the stock, indicating expected underperformance in the near future [6] Industry Context - The Oil and Gas - Field Services industry, to which Schlumberger belongs, is currently in the bottom 4% of over 250 Zacks industries, suggesting a challenging environment [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can impact investor sentiment [5]
Netflix (NFLX) Tops Q2 Earnings Estimates
ZACKS· 2025-07-17 22:16
Core Insights - Netflix reported quarterly earnings of $7.19 per share, exceeding the Zacks Consensus Estimate of $7.07 per share, and up from $4.88 per share a year ago, representing an earnings surprise of +1.70% [1] - The company posted revenues of $11.08 billion for the quarter ended June 2025, slightly missing the Zacks Consensus Estimate by 0.06%, and up from $9.56 billion year-over-year [2] - Netflix shares have increased approximately 40.3% year-to-date, significantly outperforming the S&P 500's gain of 6.5% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $6.56 on revenues of $11.29 billion, and for the current fiscal year, it is $25.45 on revenues of $44.55 billion [7] - The estimate revisions trend for Netflix was favorable ahead of the earnings release, resulting in a Zacks Rank 2 (Buy) for the stock, indicating expected outperformance in the near future [6] Industry Context - The Broadcast Radio and Television industry, to which Netflix belongs, is currently ranked in the bottom 35% of over 250 Zacks industries, suggesting potential challenges ahead [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, which can be tracked by investors [5]
Piedmont Lithium Inc. - Sponsored ADR (PLL) Soars 11.5%: Is Further Upside Left in the Stock?
ZACKS· 2025-07-16 11:45
Company Overview - Piedmont Lithium Inc. shares increased by 11.5% to close at $7.49, supported by high trading volume, compared to a 9.6% gain over the past four weeks [1] - The rise in Piedmont Lithium's stock is attributed to an increase in lithium prices, which have improved by 7.4% in the last month despite a year-over-year decline of 24.9% [1] Earnings Expectations - The company is projected to report a quarterly loss of $0.38 per share, reflecting a year-over-year change of +44.9%, with expected revenues of $11.3 million, down 14.6% from the previous year [2] - The consensus EPS estimate for Piedmont Lithium has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] Industry Context - Piedmont Lithium is part of the Zacks Mining - Miscellaneous industry, which includes other companies like Denison Mine, that finished the last trading session 0.5% higher at $1.87 [4] - Denison Mine's consensus EPS estimate has also remained unchanged at -$0.02, representing a 100% decline from the previous year [5]
Energy Fuels (UUUU) Soars 10.7%: Is Further Upside Left in the Stock?
ZACKS· 2025-07-16 11:45
Company Overview - Energy Fuels (UUUU) shares increased by 10.7% to $7.76 in the last trading session, with a notable trading volume, and have gained 20.9% over the past four weeks [1][2] Production and Sales - The Pinyon Plain uranium mine in Arizona is outperforming earlier production estimates, with output driven by high grades averaging 3.51% in June and 2.23% in Q2 2025 [2] - The company plans to sell 140,000 pounds of uranium in Q3 and 160,000 pounds in Q4 under existing contracts, with expected sales in 2026 ranging from 620,000 to 880,000 pounds [3] Financial Performance - Energy Fuels is expected to report a quarterly loss of $0.04 per share, unchanged from the previous year, with revenues projected at $9.4 million, reflecting a 7.8% increase year-over-year [4] - The consensus EPS estimate for the quarter has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [5] Industry Context - Energy Fuels belongs to the Zacks Mining - Non Ferrous industry, where Coeur Mining (CDE) has seen a 3% decline in its stock price, contrasting with Energy Fuels' performance [5] - Coeur Mining's consensus EPS estimate has increased by 45.2% over the past month, indicating a significant change compared to the previous year [6]
Loop Industries, Inc. (LOOP) Reports Q1 Loss, Beats Revenue Estimates
ZACKS· 2025-07-15 22:41
Group 1: Financial Performance - Loop Industries reported a quarterly loss of $0.07 per share, consistent with the Zacks Consensus Estimate, compared to a loss of $0.11 per share a year ago [1] - The company posted revenues of $0.25 million for the quarter ended May 2025, exceeding the Zacks Consensus Estimate by 26.00%, and a significant increase from $0.01 million in the same quarter last year [2] - Over the last four quarters, Loop Industries has surpassed consensus EPS estimates three times [1] Group 2: Stock Performance and Outlook - Loop Industries shares have increased approximately 6.7% since the beginning of the year, slightly outperforming the S&P 500's gain of 6.6% [3] - The company's earnings outlook will be crucial for future stock performance, with current consensus EPS estimates at -$0.07 for the coming quarter and -$0.19 for the current fiscal year [4][7] - The estimate revisions trend for Loop Industries was mixed ahead of the earnings release, resulting in a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market [6] Group 3: Industry Context - The Technology Services industry, to which Loop Industries belongs, is currently in the top 25% of over 250 Zacks industries, suggesting a favorable outlook compared to the bottom 50% [8] - Another company in the same industry, Amprius Technologies, is expected to report a quarterly loss of $0.09 per share, with revenues projected to be $12.88 million, reflecting a year-over-year increase of 284.5% [9]
Knightscope (KSCP) Stock Jumps 8.7%: Will It Continue to Soar?
ZACKS· 2025-07-15 13:21
Company Overview - Knightscope, Inc. (KSCP) shares increased by 8.7% to $8 in the last trading session, with a notable trading volume and a total gain of 32.9% over the past four weeks, driven by the company's focus on operational excellence and innovation in public safety technologies [1] - The company is expected to report a quarterly loss of $1.09 per share, reflecting a year-over-year change of +56.4%, with revenues projected at $2.82 million, down 11.9% from the previous year [2] Earnings Estimates - The consensus EPS estimate for Knightscope has remained unchanged over the last 30 days, indicating that stock price movements may not sustain without trends in earnings estimate revisions [3] - AppLovin (APP), another company in the same industry, has a consensus EPS estimate of $1.97, representing a year-over-year change of +121.4%, with its stock closing 6.2% higher at $355.9 [4] Industry Context - Knightscope operates within the Zacks Technology Services industry, which includes other companies like AppLovin, highlighting the competitive landscape and performance trends within the sector [3][4]