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Earnings Preview: SouthState (SSB) Q1 Earnings Expected to Decline
ZACKS· 2025-04-17 15:06
Company Overview - SouthState (SSB) is expected to report earnings for the quarter ended March 2025 on April 24, 2025, with a consensus EPS estimate of $1.43, reflecting a year-over-year decline of 9.5% [3] - Revenue is anticipated to be $604.47 million, which represents a significant increase of 45.5% compared to the same quarter last year [3] Earnings Expectations - The consensus EPS estimate has remained unchanged over the last 30 days, indicating stability in analyst expectations [4] - The Most Accurate Estimate for SouthState is lower than the Zacks Consensus Estimate, resulting in an Earnings ESP of -23.21%, suggesting a bearish outlook from analysts [10] Historical Performance - SouthState has a history of beating consensus EPS estimates, having done so in the last four quarters, with the most recent surprise being +11.56% when it reported earnings of $1.93 against an expectation of $1.73 [12][13] Industry Comparison - In the Zacks Financial - Miscellaneous Services industry, Virtu Financial (VIRT) is expected to report earnings of $1.14 per share for the same quarter, indicating a year-over-year increase of 50% [17] - Virtu Financial's revenue is projected to be $460.2 million, up 25.4% from the previous year [17] - Despite a recent 2.3% downward revision in the consensus EPS estimate for Virtu Financial, a higher Most Accurate Estimate has resulted in a positive Earnings ESP of 3.08%, suggesting a likely earnings beat [18]
Here's Why Coinbase Global, Inc. (COIN) Gained But Lagged the Market Today
ZACKS· 2025-04-14 22:50
Company Performance - Coinbase Global, Inc. (COIN) closed at $176.58, with a daily increase of +0.62%, underperforming the S&P 500's gain of 0.79% [1] - Over the past month, COIN's stock has decreased by 4.16%, compared to the Finance sector's loss of 2.86% and the S&P 500's loss of 3.56% [1] Upcoming Earnings - The earnings report for Coinbase Global, Inc. is anticipated on May 8, 2025, with projected earnings of $2.18 per share, reflecting a year-over-year growth of 32.12% [2] - Revenue is expected to reach $2.27 billion, indicating a 38.51% increase compared to the same quarter last year [2] Annual Estimates - For the annual period, Zacks Consensus Estimates predict earnings of $7.16 per share and revenue of $8.28 billion, representing changes of -5.79% and +26.15% respectively from the previous year [3] Analyst Forecasts - Recent revisions to analyst forecasts for Coinbase Global, Inc. are important as they indicate shifts in near-term business trends, with positive changes suggesting analyst optimism regarding the company's performance [4] Zacks Rank - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), shows that COIN currently holds a Zacks Rank of 1 (Strong Buy), with a historical average annual gain of +25% for 1 stocks since 1988 [6] - The Zacks Consensus EPS estimate for COIN has increased by 2.53% in the past month [6] Valuation Metrics - Coinbase Global, Inc. has a Forward P/E ratio of 24.53, which is a premium compared to its industry's Forward P/E of 8.74 [7] - The company also has a PEG ratio of 9.15, while the Financial - Miscellaneous Services industry has an average PEG ratio of 0.9 [7] Industry Overview - The Financial - Miscellaneous Services industry, part of the Finance sector, holds a Zacks Industry Rank of 47, placing it in the top 19% 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]
Applied Digital Corporation (APLD) Reports Q3 Loss, Misses Revenue Estimates
ZACKS· 2025-04-14 22:16
Company Performance - Applied Digital Corporation reported a quarterly loss of $0.16 per share, which was worse than the Zacks Consensus Estimate of a loss of $0.11, and an improvement from a loss of $0.52 per share a year ago [1] - The company posted revenues of $52.92 million for the quarter ended February 2025, missing the Zacks Consensus Estimate by 16.75%, but showing an increase from $43.35 million in the same quarter last year [2] - Over the last four quarters, the company has surpassed consensus EPS estimates only once [2] Stock Movement and Outlook - Applied Digital Corporation shares have declined approximately 30.8% since the beginning of the year, compared to a decline of 8.8% for the S&P 500 [3] - The company's earnings outlook is mixed, with current consensus EPS estimates at -$0.11 on revenues of $77.43 million for the upcoming quarter and -$0.96 on revenues of $252.89 million for the current fiscal year [7] Industry Context - The Financial - Miscellaneous Services industry, to which Applied Digital Corporation belongs, is currently ranked in the top 19% of over 250 Zacks industries, indicating a favorable outlook compared to lower-ranked industries [8]
MidCap Financial (MFIC) Moves 11.8% Higher: Will This Strength Last?
ZACKS· 2025-04-10 17:55
Company Overview - MidCap Financial Investment (MFIC) shares increased by 11.8% to close at $11.70, following a notable trading volume compared to typical sessions, despite a 15.7% loss over the past four weeks [1] - The company benefits from a strong brand reputation, diversified product portfolio, and established customer relationships, which support premium pricing and customer loyalty [2] Financial Performance - MidCap Financial is expected to report quarterly earnings of $0.39 per share, reflecting an 11.4% decrease year-over-year, while revenues are projected to be $84.27 million, representing a 23.3% increase from the previous year [3] - 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 [4] Industry Context - MidCap Financial is part of the Zacks Financial - Miscellaneous Services industry, where Atlanticus Holdings Corporation (ATLC) also operates, having seen a 13.2% increase in its stock price recently [4] - Atlanticus has a consensus EPS estimate that has increased by 20% over the past month, indicating a positive outlook compared to the previous year [5]
StepStone Group (STEP) Stock Jumps 14.8%: Will It Continue to Soar?
ZACKS· 2025-04-10 17:55
Group 1 - StepStone Group Inc. (STEP) shares rose 14.8% to $48.74, following a significant trading volume, contrasting with a 16.6% loss over the past four weeks [1][2] - The increase in share price was influenced by the Trump administration's announcement of a 90-day halt on reciprocal tariffs for most countries [2] - StepStone leverages global scale, local teams, multi-asset class expertise, and proprietary data platforms to provide customized solutions, enhancing investment performance [2] Group 2 - The company is expected to report quarterly earnings of $0.47 per share, reflecting a year-over-year increase of 42.4%, while revenues are projected at $237.41 million, down 33.5% from the previous year [3] - The consensus EPS estimate for StepStone has remained unchanged 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 2 (Buy), indicating positive market sentiment [4] Group 3 - StepStone Group is part of the Zacks Financial - Miscellaneous Services industry, which includes Greystone Housing Impact Investors (GHI) [4] - GHI's consensus EPS estimate has decreased by 29.2% over the past month, with a year-over-year change of -61.9%, and it currently holds a Zacks Rank of 3 (Hold) [5]
PJT Partners (PJT) Surges 8.5%: Is This an Indication of Further Gains?
ZACKS· 2025-04-10 17:40
PJT Partners (PJT) shares soared 8.5% in the last trading session to close at $136.07. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 11.9% loss over the past four weeks.PJT Partners’ stock experienced a price rise following the Trump administration’s announcement of a temporary halt of 90 days on reciprocal tariffs for most countries. Additionally, PJT excels as a premier, global advisory-focused investment bank, driven by a yo ...
Here's Why Blink Charging (BLNK) Gained But Lagged the Market Today
ZACKS· 2025-04-09 23:16
Company Performance - Blink Charging (BLNK) closed at $0.76, with a daily increase of 0.5%, underperforming the S&P 500's gain of 9.52% [1] - Over the past month, shares have depreciated by 25.18%, compared to the Computer and Technology sector's loss of 17.72% and the S&P 500's loss of 13.47% [1] Earnings Estimates - The upcoming earnings release is expected to show an EPS of -$0.14, reflecting a 7.69% decline year-over-year [2] - Revenue is projected to be $27.01 million, indicating a 28.1% drop compared to the same quarter last year [2] Fiscal Year Projections - For the entire fiscal year, earnings are estimated at -$0.48 per share and revenue at $130.77 million, representing changes of +21.31% and +3.62% respectively from the previous year [3] - Recent analyst estimate revisions are seen as a sign of optimism regarding the company's business outlook [3][4] Zacks Rank and Industry Performance - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), currently ranks Blink Charging at 3 (Hold) [5] - Over the past month, the Zacks Consensus EPS estimate has increased by 7.28% [5] - The Electronics - Miscellaneous Services industry, part of the Computer and Technology sector, holds a Zacks Industry Rank of 92, placing it in the top 38% of over 250 industries [6]
Why Brookfield (BAM) Could Beat Earnings Estimates Again
ZACKS· 2025-04-09 17:15
Have you been searching for a stock that might be well-positioned to maintain its earnings-beat streak in its upcoming report? It is worth considering Brookfield Asset Management (BAM) , which belongs to the Zacks Financial - Miscellaneous Services industry.This investment manager has seen a nice streak of beating earnings estimates, especially when looking at the previous two reports. The average surprise for the last two quarters was 4.06%.For the last reported quarter, Brookfield came out with earnings o ...