News Stocks 

Earnings Estimates Moving Higher for Nexstar: Time to Buy?

“Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500” writes Zacks Equity Research for nasdaq.com. Thanks to promising estimate revisions, Nexstar currently carries a Zacks Rank #2 (Buy).After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.Over the past month, one estimate has moved higher compared to two negative revisions, helping the consensus estimate increase 16.96%.You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Source: nasdaq.com

Read More
News Stocks 

America’s Car-Mart Upgraded to Strong Buy: What Does It Mean for the Stock?

“Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a ‘Strong Buy’ rating and the next 15% get a ‘Buy’ rating” writes Zacks Equity Research for nasdaq.com. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here >>>>.Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for America’s Car-Mart imply an improvement in the company’s underlying business.This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices. Source: nasdaq.com

Read More
News Stocks 

Entegris Upgraded to Buy: What Does It Mean for the Stock?

“Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a ‘Strong Buy’ rating and the next 15% get a ‘Buy’ rating” writes Zacks Equity Research for nasdaq.com. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here >>>>.This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Entegris imply an improvement in the company’s underlying business. Source: nasdaq.com

Read More
News Stocks 

Oracle earnings climb but stock falls after revenue comes up a bit short

“The company posted net income of $2.3 billion, or 69 cents a share, compared with $2.3 billion, or 61 cents, in the year-earlier period” writes Emily Bary for marketwatch.com. Oracle Corp. shares fell 1.5% in late trading Thursday after the software giant posted better-than-expected earnings for its fiscal second quarter but came up a bit short on revenue.After adjusting for stock-based compensation and other expenses, Oracle’s ORCL, +0.28%  earnings per share climbed to 90 cents from 80 cents a year prior. Oracle shares have risen 25% so far this year,…

Read More
News Stocks 

Adobe stock heads toward record highs after earnings show 20% revenue gains continuing

“ADBE, +0.73% maintained its 20%+ revenue gains as it rounded out its fiscal year, the software company reported Thursday afternoon, sending shares toward record highs in late trading” writes Jeremy C for marketwatch.com. Adobe reported fiscal fourth-quarter earnings of $851.9 million, or $1.76 a share, on sales of $2.99 billion, up 21.4% from revenue of $2.46 billion a year ago.After adjusting for stock-based compensation and other factors, the company reported earnings of $2.29 a share.Adobe was expected by some analysts to slide lower than 20% sales growth, which might have…

Read More
News 

Costco earnings show sales growing despite late Thanksgiving holiday

“Analysts on average expected Costco to report earnings of $1.73 a share on sales of $39.9 billion, according to FactSet” writes Jeremy C for marketwatch.com. COST, +0.69% increased revenue despite going against a tough comparison with the year before, but not as much as analysts expected, according to a Thursday afternoon earnings report.The retailer reported fiscal first-quarter earnings of $844 million, or $1.90 a share, on sales of $36.24 billion, up from profit of $1.73 a share on revenue of $34.31 billion a year ago. Source: marketwatch.com

Read More
News 

Can CNX Midstream Run Higher on Rising Earnings Estimates?

“Investors might want to bet on CNX Midstream (CNXM), as earnings estimates for this company have been showing solid improvement lately” writes Zacks Equity Research for nasdaq.com. Consensus earnings estimates for the next quarter and full year have moved considerably higher for CNX Midstream, as there has been strong agreement among the covering analysts in raising estimates.After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.CNX Midstream shares have added 5.7% over the past four weeks, suggesting that investors are betting…

Read More
News Stocks 

GameStop stock slammed by weak earnings and analyst invokes Jim Morrison

“Credit Suisse analysts led by Seth Sigman agreed, homing on the deterioration in gross profit, despite some progress on costs” writes Ciara Linnane for marketwatch.com. The company’s third-quarter loss posted late Tuesday was wider than expected and revenue fell short of expectations.In June, the company scrapped its dividend in an effort to conserve cash, sending the stock down 35% in a single session to mark its worst-ever one-day selloff. See now: These ‘all-terrain’ stocks are vital for investors when the world comes unglued.  Source: marketwatch.com

Read More
News Stocks 

Earnings Preview: Navistar Q4 Earnings Expected to Decline

“The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate” writes Zacks Equity Research for nasdaq.com. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate.For Navistar, the Most Accurate Estimate is lower than the Zacks Consensus Estimate, suggesting that analysts have recently become bearish on the company’s earnings prospects.Make sure to utilize our Earnings ESP Filter…

Read More