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In the latest trading session, Petrobras (PBR) closed at $10.18, marking a -1.26% move from the previous day. This change lagged the S&P 500’s 0.58% loss on the day.

Heading into today, shares of the oil and gas company had lost 7.53% over the past month, lagging the Oils-Energy sector’s gain of 1.56% and the S&P 500’s gain of 0.16% in that time.

PBR will be looking to display strength as it nears its next earnings release. On that day, PBR is projected to report earnings of $0.61 per share, which would represent year-over-year growth of 577.78%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $22.25 billion, up 69.21% from the year-ago period.

PBR’s full-year Zacks Consensus Estimates are calling for earnings of $2.33 per share and revenue of $79.71 billion. These results would represent year-over-year changes of +441.86% and +48.48%, respectively.

Any recent changes to analyst estimates for PBR should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 8.02% higher. PBR is currently a Zacks Rank #1 (Strong Buy).

In terms of valuation, PBR is currently trading at a Forward P/E ratio of 4.42. Its industry sports an average Forward P/E of 5.66, so we one might conclude that PBR is trading at a discount comparatively.

Meanwhile, PBR’s PEG ratio is currently 0.21. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. Oil and Gas – Integrated – Emerging Markets stocks are, on average, holding a PEG ratio of 0.21 based on yesterday’s closing prices.

The Oil and Gas – Integrated – Emerging Markets industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 9, which puts it in the top 4% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Tech IPOs With Massive Profit Potential

In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.

For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…

If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.

With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.

See Zacks Hottest Tech IPOs Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Petroleo Brasileiro S.A. Petrobras (PBR): Free Stock Analysis Report
 
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You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

Qorvo (QRVO) closed at $182.13 in the latest trading session, marking a -0.13% move from the prior day. This move was narrower than the S&P 500’s daily loss of 0.58%.

Prior to today’s trading, shares of the chipmaker had lost 2.77% over the past month. This has lagged the Computer and Technology sector’s gain of 2.08% and the S&P 500’s gain of 0.16% in that time.

QRVO will be looking to display strength as it nears its next earnings release. In that report, analysts expect QRVO to post earnings of $3.25 per share. This would mark year-over-year growth of 33.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.25 billion, up 17.94% from the year-ago period.

QRVO’s full-year Zacks Consensus Estimates are calling for earnings of $12.10 per share and revenue of $4.75 billion. These results would represent year-over-year changes of +21% and +18.25%, respectively.

It is also important to note the recent changes to analyst estimates for QRVO. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. QRVO is holding a Zacks Rank of #2 (Buy) right now.

In terms of valuation, QRVO is currently trading at a Forward P/E ratio of 15.07. Its industry sports an average Forward P/E of 17.39, so we one might conclude that QRVO is trading at a discount comparatively.

Meanwhile, QRVO’s PEG ratio is currently 1.19. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. QRVO’s industry had an average PEG ratio of 1.05 as of yesterday’s close.

The Semiconductors – Radio Frequency industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 127, which puts it in the top 50% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Tech IPOs With Massive Profit Potential

In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.

For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…

If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.

With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.

See Zacks Hottest Tech IPOs Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Qorvo, Inc. (QRVO): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

You’re reading Entrepreneur United States, an international franchise of Entrepreneur Media. This story originally appeared on Zacks

Twilio (TWLO) closed the most recent trading day at $337, moving +0.29% from the previous trading session. The stock outpaced the S&P 500’s daily loss of 0.58%.

Prior to today’s trading, shares of the company had lost 3.06% over the past month. This has lagged the Computer and Technology sector’s gain of 2.08% and the S&P 500’s gain of 0.16% in that time.

Wall Street will be looking for positivity from TWLO as it approaches its next earnings report date. The company is expected to report EPS of -$0.15, down 475% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $677.55 million, up 51.25% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.31 per share and revenue of $2.66 billion, which would represent changes of -234.78% and +51.17%, respectively, from the prior year.

Any recent changes to analyst estimates for TWLO should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. TWLO is currently a Zacks Rank #4 (Sell).

The Internet – Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 202, putting it in the bottom 21% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

Tech IPOs With Massive Profit Potential

In the past few years, many popular platforms and like Uber and Airbnb finally made their way to the public markets. But the biggest paydays came from lesser-known names.

For example, electric carmaker X Peng shot up +299.4% in just 2 months. Think of it this way…

If you had put $5,000 into XPEV at its IPO in September 2020, you could have cashed out with $19,970 in November.

With record amounts of cash flooding into IPOs and a record-setting stock market, this year’s lineup could be even more lucrative.

See Zacks Hottest Tech IPOs Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Twilio Inc. (TWLO): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

The popularity of ETFs is growing in the investment world. Investors have already added $607.7 billion to U.S.-listed ETFs so far in 2021 (per an ETF.com article). In what seems like a favorable period for the launch of new ETFs, SS&C ALPS Advisors has launched the ALPS Global Travel Beneficiaries ETF JRNY on the NYSE Arca.

In this regard, Laton Spahr, President of SS&C ALPS Advisors, has reportedly commented that “SS&C ALPS Advisors continues to build a compelling suite of thematic strategies for ETF investors. We believe global travel spending may improve as the global middle class expands and the desire to spend on experiences grows. Our new ETF may provide differentiated exposure to a potentially durable theme.”

JRNY in a Nutshell

The fund’s strategy provides a diversified exposure to the global travel industry. It tracks the S-Network Global Travel Index, which discovers exchange-traded stocks of companies that are materially engaged in the global travel industry. The fund’s portfolio parks money in booking and rental agencies, airlines and airport services, hotels, casinos and cruise lines along with travel-related companies short-listed through an artificial intelligence-driven screening process, such as luxury retail, entertainment, leisure, food and beverage, and payment processing vendors.

JRNY has gathered AUM of $1.2 million. It charges an expense ratio of 0.65%. The Estee Lauder Company Inc. Class A (EL), Walt Disney Co. (DIS) and L’Oreal SA (OR FP) form the top three holdings of the fund.

What Makes JRNY an Attractive Pick?

The travel industry has been getting the much-needed boost from the reopening of the U.S. economy, accelerated coronavirus vaccine rollout initiatives and solid fiscal stimulus support. President Joe Biden has outlined a very effective plan to increase the vaccination rate and control the outbreak. He has made it mandatory for federal employees to get the COVID-19 vaccination, per a CNBC article. The Biden government will also issue guidelines to the Labor Department asking for the imposition of vaccine mandates for employers with more than 100 employees or to run weekly tests. The application of booster shots and imposition of vaccine mandates are expected to help curb the spread of coronavirus.

ETF Competition

The fund faces tough competition owing to its focus on the travel industry. Below we discuss a few ETFs that seek to benefit from the space:

Consider the following interesting options:

U.S. Global Jets ETF JETS

This fund provides exposure to the global airline industry, including airline operators and manufacturers from all over the world, by tracking the U.S. Global Jets Index. In total, the product holds 52 securities and charges investors 60 basis points (bps) in annual fees. The fund has gathered $3.47 billion (read: ETFs in Focus on Airlines’ Slowdown Warnings).

ETFMG Travel Tech ETF AWAY

This is the first ETF that offers direct access to the technology-focused global travel and tourism industry. It follows the Prime Travel Technology Index NTR, charging investors 75 bps in annual fees. The fund holds 34 stocks in its basket with travel bookings & reservations companies accounting for 51.9% of assets, followed by 17.6% in travel advice companies and 16.6% share in travel price comparison firms. AWAY has accumulated $279.4 million in its asset base (read: ETFs to Rise on Full FDA Approval for Pfizer COVID-19 Vaccine).

The Defiance Hotel, Airline, and Cruise ETF CRUZ

This product tracks the BlueStar Global Hotels, Airlines, and Cruises Index, which measures the performance of globally listed companies primarily engaged in travel and tourism industries. Holding 51 stocks in its basket, CRUZ, launched in June this year, has gathered around $12.4 million in its asset base and charges 45 bps in annual fees.

Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. 

See Zacks’ Hottest Tech IPOs Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ETFMG Travel Tech ETF (AWAY): ETF Research Reports
 
U.S. Global Jets ETF (JETS): ETF Research Reports
 
Defiance Hotel, Airline, and Cruise ETF (CRUZ): ETF Research Reports
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

We saw a promising beginning to the first day of trading for the week early this morning, when pre-market futures were riding in the green. However, most trading Monday fell back into the red. Heading into the close, we saw almost all major indexes finish in positive territory: the Dow +264 points or +0.76%, the S&P 500 +0.23%, and the small-cap Russell 2000 +0.59%. Only the Nasdaq, which almost fought back into the positive, was -0.07% on the day.
For the Dow and the S&P, they have each finally snapped a five-session losing streak. The Nasdaq currently has a four-day losing streak of its own. All major indexes raced toward session highs, which may be worth looking at come Tuesday morning — perhaps our near-term trough has been transcended, especially without economic catalysts weighing on results either way.
Energy was strong on the day, +2.8% on a big gain in Natural Gas, +5.3%. Partly, a note expecting airline travel to pickup in 2022 helped energy futures surge ahead today. Valero VLO and EOG Resources EOG were both +4.4% today. Financials also performed well, with American Express riding +1.7% higher. Movie theaters also had a strong trading day, with Cinemark CNK +8.6% on the day and AMC AMC +3.3%.
Supply chain issues continue to generate concern, especially in companies like Nike NKE, which dropped -2.5% today. Nike was one of the globally situated companies that moved manufacturing from China (during the trade war of the Trump administration) to Vietnam, which has endured an ugly Delta-variant Covid outbreak. Nike is still up nearly 14% year to date.
Oracle ORCL reported fiscal Q1 earnings after the closing bell today, beating on the bottom line (no surprise there; Oracle has not missed on earnings for exactly four years, with a trailing four-quarter average +9% beat): $1.03 per share versus 97 cents expected, +11% year over year. Cloud Services were basically in line with expectations, while licensing came in slightly short.  The stock, which had gained +36.8% year to date, initially fell around -3.5% before settling at -2%.
The reason for the sell-off may have to do with disappointing revenues in the quarter: $9.73 billion vs. $9.77 billion expected, and only slightly up year over year. By comparison, earnings in the quarter rose by 11% from the year-ago quarter. The company’s board also declared a 32-cent quarterly cash dividend for shareholders as of October 12th. The conference call is about to be underway.
Tomorrow we’ll get a look at the Consumer Price Index (CPI) for August, which is expected to tick down 10 basis points from the previous month’s +0.5%. The core read is expected to remain constant at +0.3%. But if last week’s Producer Price Index (PPI) is any gauge, we may see a surprise to the upside on this metric. It will be only the latest report documenting the pace of inflation hitting the U.S. economy at present.

Questions or comments about this article and/or its author? Click here>>

Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. 

See Zacks’ Hottest Tech IPOs Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
NIKE, Inc. (NKE): Free Stock Analysis Report
 
Valero Energy Corporation (VLO): Free Stock Analysis Report
 
EOG Resources, Inc. (EOG): Free Stock Analysis Report
 
Oracle Corporation (ORCL): Free Stock Analysis Report
 
Cinemark Holdings Inc (CNK): Free Stock Analysis Report
 
AMC Entertainment Holdings, Inc. (AMC): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
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Evolution Petroleum (EPM) came out with quarterly earnings of $0.07 per share, missing the Zacks Consensus Estimate of $0.09 per share. This compares to loss of $0.03 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -22.22%. A quarter ago, it was expected that this oil and gas company would post earnings of $0.04 per share when it actually produced earnings of $0.04, delivering no surprise.

Over the last four quarters, the company has surpassed consensus EPS estimates two times.

Evolution Petroleum, which belongs to the Zacks Oil and Gas – Exploration and Production – United States industry, posted revenues of $13.7 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 2.62%. This compares to year-ago revenues of $3.35 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Evolution Petroleum shares have added about 62.1% since the beginning of the year versus the S&P 500’s gain of 18.7%.

What’s Next for Evolution Petroleum?

While Evolution Petroleum has outperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Evolution Petroleum was mixed. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.15 on $15.67 million in revenues for the coming quarter and $0.55 on $62.33 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Oil and Gas – Exploration and Production – United States is currently in the top 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. 

See Zacks’ Hottest Tech IPOs Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Evolution Petroleum Corporation, Inc. (EPM): Free Stock Analysis Report
 
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Zacks Investment Research

ViacomCBS (VIAC) closed the most recent trading day at $40.37, moving +1.82% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.23%.

Coming into today, shares of the company had gained 1.25% in the past month. In that same time, the Consumer Discretionary sector gained 1.8%, while the S&P 500 gained 0.65%.

VIAC will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.76, down 16.48% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $6.59 billion, up 7.76% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $3.94 per share and revenue of $28.09 billion, which would represent changes of -6.19% and +8.3%, respectively, from the prior year.

Any recent changes to analyst estimates for VIAC should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.33% higher within the past month. VIAC is currently sporting a Zacks Rank of #3 (Hold).

In terms of valuation, VIAC is currently trading at a Forward P/E ratio of 10.06. For comparison, its industry has an average Forward P/E of 29.16, which means VIAC is trading at a discount to the group.

The Film and Television Production and Distribution industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 121, putting it in the top 48% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. 

See Zacks’ Hottest Tech IPOs Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
ViacomCBS Inc. (VIAC): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

In the latest trading session, Vista Outdoor (VSTO) closed at $41.47, marking a +0.07% move from the previous day. This move lagged the S&P 500’s daily gain of 0.23%.

Coming into today, shares of the maker of firearms, ammunition and accessories had lost 3.67% in the past month. In that same time, the Consumer Discretionary sector gained 1.8%, while the S&P 500 gained 0.65%.

Investors will be hoping for strength from VSTO as it approaches its next earnings release. The company is expected to report EPS of $1.77, up 60.91% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $722.11 million, up 25.55% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $6.08 per share and revenue of $2.72 billion, which would represent changes of +66.12% and +22.13%, respectively, from the prior year.

Any recent changes to analyst estimates for VSTO should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. VSTO currently has a Zacks Rank of #1 (Strong Buy).

Looking at its valuation, VSTO is holding a Forward P/E ratio of 6.82. Its industry sports an average Forward P/E of 10.81, so we one might conclude that VSTO is trading at a discount comparatively.

The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. 

See Zacks’ Hottest Tech IPOs Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Vista Outdoor Inc. (VSTO): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

Seagate (STX) closed at $83.94 in the latest trading session, marking a +0.02% move from the prior day. The stock lagged the S&P 500’s daily gain of 0.23%.

Prior to today’s trading, shares of the electronic storage maker had lost 7.11% over the past month. This has lagged the Business Services sector’s gain of 0.17% and the S&P 500’s gain of 0.65% in that time.

STX will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.21, up 137.63% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.1 billion, up 34.11% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $8.26 per share and revenue of $11.82 billion, which would represent changes of +46.45% and +10.69%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for STX. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. STX is currently a Zacks Rank #3 (Hold).

In terms of valuation, STX is currently trading at a Forward P/E ratio of 10.16. This valuation marks a discount compared to its industry’s average Forward P/E of 32.09.

Also, we should mention that STX has a PEG ratio of 8.4. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company’s expected earnings growth rate into account. STX’s industry had an average PEG ratio of 2.52 as of yesterday’s close.

The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 218, putting it in the bottom 15% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. 

See Zacks’ Hottest Tech IPOs Now >>

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
Seagate Technology Holdings PLC (STX): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

In the latest trading session, Regeneron (REGN) closed at $639.52, marking a -1.69% move from the previous day. This change lagged the S&P 500’s daily gain of 0.23%.

Prior to today’s trading, shares of the biopharmaceutical company had gained 4.11% over the past month. This has outpaced the Medical sector’s gain of 0.02% and the S&P 500’s gain of 0.65% in that time.

Wall Street will be looking for positivity from REGN as it approaches its next earnings report date. On that day, REGN is projected to report earnings of $9.36 per share, which would represent year-over-year growth of 11.96%. Our most recent consensus estimate is calling for quarterly revenue of $2.55 billion, up 11.08% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $53.22 per share and revenue of $12.88 billion, which would represent changes of +69.11% and +51.63%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for REGN. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. REGN is currently sporting a Zacks Rank of #1 (Strong Buy).

Valuation is also important, so investors should note that REGN has a Forward P/E ratio of 12.22 right now. Its industry sports an average Forward P/E of 26.86, so we one might conclude that REGN is trading at a discount comparatively.

Meanwhile, REGN’s PEG ratio is currently 0.75. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. REGN’s industry had an average PEG ratio of 1.55 as of yesterday’s close.

The Medical – Biomedical and Genetics industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 193, which puts it in the bottom 25% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.

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