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Why Illinois Tool Works (ITW) is Poised to Beat Earnings Estimates Again
ZACKS· 2025-07-18 17:11
Core Viewpoint - Illinois Tool Works (ITW) is positioned well to potentially beat earnings estimates in its upcoming quarterly report, continuing a strong trend of surpassing expectations in previous quarters [1][6]. Group 1: Earnings Performance - Illinois Tool Works has consistently exceeded earnings estimates, averaging a 1.86% surprise over the last two quarters [2]. - In the last reported quarter, the company achieved earnings of $2.38 per share, surpassing the Zacks Consensus Estimate of $2.34 per share by 1.71% [3]. - For the previous quarter, ITW's actual earnings were $2.54 per share, exceeding the expected $2.49 per share, resulting in a surprise of 2.01% [3]. Group 2: Earnings Estimates and Predictions - Estimates for Illinois Tool Works have been trending higher, influenced by its history of earnings surprises [6]. - The company currently has a positive Earnings ESP of +1.44%, indicating increased analyst optimism regarding its near-term earnings potential [9]. - The combination of a positive Earnings ESP and a Zacks Rank of 3 (Hold) suggests a strong possibility of another earnings beat in the upcoming report [9]. Group 3: Earnings ESP Insights - Research indicates that stocks with a positive Earnings ESP and a Zacks Rank of 3 or better have a nearly 70% chance of producing a positive surprise [7]. - The Earnings ESP metric compares the Most Accurate Estimate to the Zacks Consensus Estimate, with the Most Accurate Estimate reflecting the latest analyst revisions [8]. - A negative Earnings ESP can reduce predictive power but does not necessarily indicate an earnings miss [10].
Broadwind Energy, Inc. (BWEN) Stock Drops Despite Market Gains: Important Facts to Note
ZACKS· 2025-07-17 22:50
Group 1 - Broadwind Energy, Inc. (BWEN) stock closed at $2.51, reflecting a -2.71% change from the previous day's closing price, underperforming compared to the S&P 500's daily gain of 0.54% [1] - The company experienced a significant gain of 44.13% over the past month, outperforming the Industrial Products sector's gain of 5.35% and the S&P 500's gain of 4.2% [1] Group 2 - The upcoming earnings report for Broadwind Energy is expected to show an EPS of $0.02, indicating stability compared to the same quarter last year, with a projected quarterly revenue of $38.02 million, up 4.31% year-over-year [2] - For the annual period, earnings are anticipated to be $0.08 per share and revenue is expected to reach $151.29 million, reflecting increases of +60% and +5.7% respectively from the previous year [3] Group 3 - Recent changes in analyst estimates for Broadwind Energy suggest a positive outlook, indicating analysts' confidence in the company's business performance and profit potential [3] - The Zacks Rank system, which includes estimate changes, currently ranks Broadwind Energy as 1 (Strong Buy), indicating a strong potential for outperformance [5] Group 4 - Broadwind Energy is trading at a Forward P/E ratio of 32.25, which is a premium compared to its industry's Forward P/E of 21.89 [6] - The Manufacturing - General Industrial industry, part of the Industrial Products sector, holds a Zacks Industry Rank of 36, placing it in the top 15% of over 250 industries [6]
Gates Industrial (GTES) is a Great Momentum Stock: Should You Buy?
ZACKS· 2025-07-17 17:01
Core Viewpoint - Momentum investing focuses on following a stock's recent price trends, aiming to buy high and sell higher, with the expectation that established trends will continue [1] Company Overview: Gates Industrial (GTES) - Gates Industrial currently holds a Momentum Style Score of B, indicating a positive momentum outlook [2] - The company has a Zacks Rank of 2 (Buy), suggesting strong potential for outperformance in the market [3] Performance Metrics - GTES shares have increased by 1.79% over the past week, while the Zacks Manufacturing - General Industrial industry has seen a slight decline of 0.01% [5] - Over the past month, GTES has shown a price change of 11.34%, outperforming the industry's 5.09% [5] - In the last quarter, GTES shares have risen by 40.62%, and over the past year, they have gained 39.82%, significantly outperforming the S&P 500's increases of 19.12% and 11.85% respectively [6] Trading Volume - The average 20-day trading volume for GTES is 1,566,129 shares, which serves as a bullish indicator when combined with rising stock prices [7] Earnings Outlook - In the past two months, one earnings estimate for GTES has increased, while none have decreased, raising the consensus estimate from $1.42 to $1.43 [9] - For the next fiscal year, one estimate has also moved upwards with no downward revisions noted [9] Conclusion - Given the positive performance metrics and earnings outlook, GTES is positioned as a 2 (Buy) stock with a Momentum Score of B, making it a strong candidate for near-term investment [11]
Gorman-Rupp (GRC) Could Be a Great Choice
ZACKS· 2025-07-17 16:46
Company Overview - Gorman-Rupp (GRC) is located in Mansfield and operates within the Industrial Products sector, experiencing a price change of -2.35% since the beginning of the year [3] - The company currently pays a dividend of $0.19 per share, resulting in a dividend yield of 2%, which is significantly higher than the Manufacturing - General Industrial industry's yield of 0.21% and the S&P 500's yield of 1.54% [3] Dividend Performance - Gorman-Rupp's annualized dividend of $0.74 has increased by 2.1% from the previous year, with a total of five dividend increases over the last five years, averaging an annual increase of 4.62% [4] - The current payout ratio stands at 39%, indicating that the company distributes 39% of its trailing 12-month earnings per share as dividends [4] Earnings Outlook - For the fiscal year 2025, the Zacks Consensus Estimate predicts earnings of $1.99 per share, reflecting a 13.71% increase compared to the previous year [5] - The company is viewed as a strong dividend investment opportunity, particularly in the context of rising interest rates, where high-yielding stocks may face challenges [6]
Is OI Glass (OI) Stock Outpacing Its Industrial Products Peers This Year?
ZACKS· 2025-07-17 14:41
Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is O-I Glass (OI) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out.O-I Glass is a member of our Industrial Products group, which includes 190 different companies and currently sits at #2 in the Zacks Sector Rank. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the ave ...
DXP Enterprises (DXPE) Stock Dips While Market Gains: Key Facts
ZACKS· 2025-07-16 22:51
DXP Enterprises (DXPE) closed the most recent trading day at $97.23, moving -2.13% from the previous trading session. The stock fell short of the S&P 500, which registered a gain of 0.32% for the day. Elsewhere, the Dow gained 0.53%, while the tech-heavy Nasdaq added 0.26%. The stock of industrial products supplier has risen by 26.82% in the past month, leading the Industrial Products sector's gain of 6.49% and the S&P 500's gain of 4.51%.The upcoming earnings release of DXP Enterprises will be of great int ...
Is Ferguson plc (FERG) Stock Outpacing Its Industrial Products Peers This Year?
ZACKS· 2025-07-15 14:41
For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Is Ferguson plc (FERG) one of those stocks right now? By taking a look at the stock's year-to-date performance in comparison to its Industrial Products peers, we might be able to answer that question.Ferguson plc is a member of the Industrial Products sector. This group includes 190 individual stocks and currently holds a Zacks Sector Rank of #5. The Zacks Secto ...
Is the Options Market Predicting a Spike in Regal Rexnord Stock?
ZACKS· 2025-07-14 14:16
Company Overview - Regal Rexnord Corporation (RRX) is experiencing significant attention from investors due to high implied volatility in its options market, particularly the Aug 15, 2025 $60.00 Put option [1] - The company currently holds a Zacks Rank 2 (Buy) in the Manufacturing - General Industrial industry, which is in the top 20% of the Zacks Industry Rank [3] Analyst Insights - Over the past 60 days, one analyst has raised earnings estimates for the current quarter, resulting in an increase in the Zacks Consensus Estimate from $2.40 to $2.42 per share [3] - The high implied volatility suggests that options traders are anticipating a significant price movement for Regal Rexnord shares, indicating potential trading opportunities [4] Trading Strategy - Options traders often seek out options with high implied volatility to sell premium, a strategy that can capture decay and potentially reduce risk if the underlying stock does not move as much as expected [4]
Broadwind Energy, Inc. (BWEN) Registers a Bigger Fall Than the Market: Important Facts to Note
ZACKS· 2025-07-11 22:51
Company Performance - Broadwind Energy, Inc. (BWEN) stock decreased by 1.06% to $1.86, underperforming the S&P 500 which fell by 0.33% [1] - The stock has declined by 0.53% over the past month, lagging behind the Industrial Products sector's gain of 6.25% and the S&P 500's gain of 4.07% [1] Earnings Projections - The upcoming earnings disclosure is anticipated to show earnings per share (EPS) of $0.02, unchanged from the same quarter last year [2] - Quarterly revenue is projected at $38.02 million, reflecting a 4.31% increase from the previous year [2] Full Year Estimates - For the full year, earnings are estimated at $0.08 per share, representing a 60% increase from the previous year, with revenue projected at $151.29 million, a 5.7% increase [3] - Recent analyst estimate revisions indicate a positive outlook for the company's business and profitability [3] Zacks Rank and Valuation - Broadwind Energy, Inc. currently holds a Zacks Rank of 2 (Buy), with the Zacks Rank system showing a strong historical performance [5] - The company is trading at a Forward P/E ratio of 23.5, which is higher than the industry average of 22.58, suggesting a premium valuation [6] Industry Context - The Manufacturing - General Industrial industry, part of the Industrial Products sector, has a Zacks Industry Rank of 65, placing it in the top 27% of over 250 industries [6] - The strength of industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming lower-rated ones by a factor of 2 to 1 [7]
DXP Enterprises (DXPE) Exceeds Market Returns: Some Facts to Consider
ZACKS· 2025-07-10 22:51
Core Viewpoint - DXP Enterprises (DXPE) has shown strong stock performance, significantly outperforming both the S&P 500 and the Industrial Products sector over the past month, with a notable increase in share price and positive earnings expectations for the upcoming disclosure [1][2]. Company Performance - DXP Enterprises closed at $93.73, reflecting a +1.18% increase from the previous day, outperforming the S&P 500's daily gain of 0.28% [1] - Over the last month, the stock has increased by 15.49%, compared to the Industrial Products sector's gain of 5.67% and the S&P 500's gain of 4.37% [1]. Earnings Expectations - Analysts expect DXP Enterprises to report earnings of $5.3 per share and revenue of $0 million for the full year, indicating a +17.52% change in earnings from last year, while revenue is expected to remain unchanged [2]. Analyst Forecast Revisions - Recent revisions to analyst forecasts for DXP Enterprises are crucial as they reflect short-term business trends, with positive revisions indicating analyst optimism about the company's profitability [3]. Zacks Rank and Valuation - DXP Enterprises currently holds a Zacks Rank of 2 (Buy), with no changes in the Zacks Consensus EPS estimate over the past month [5]. - The company has a Forward P/E ratio of 17.48, which is lower than the industry average of 22.45, suggesting that DXP Enterprises is trading at a discount compared to its peers [6]. Industry Context - The Manufacturing - General Industrial industry, to which DXP Enterprises belongs, has a Zacks Industry Rank of 74, placing it within the top 30% of over 250 industries, indicating strong performance relative to other sectors [6][7].