August 31, 2021 3 min read

This story originally appeared on Zacks

Potlatch (PCH) closed the most recent trading day at $51.95, moving -0.99% from the previous trading session. This move lagged the S&P 500’s daily loss of 0.14%.

Coming into today, shares of the timberland owner and wood products company had gained 1.9% in the past month. In that same time, the Construction sector gained 3.24%, while the S&P 500 gained 3.13%.

Wall Street will be looking for positivity from PCH as it approaches its next earnings report date. In that report, analysts expect PCH to post earnings of $1.07 per share. This would mark a year-over-year decline of 10.83%. Meanwhile, our latest consensus estimate is calling for revenue of $288.8 million, down 7.75% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $6.56 per share and revenue of $1.36 billion, which would represent changes of +123.13% and +30.72%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for PCH. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 5.16% lower within the past month. PCH currently has a Zacks Rank of #5 (Strong Sell).

Looking at its valuation, PCH is holding a Forward P/E ratio of 8. Its industry sports an average Forward P/E of 13.93, so we one might conclude that PCH is trading at a discount comparatively.

The Building Products – Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 192, putting 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.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. 

See 3 crypto-related stocks now >>

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Potlatch Corporation (PCH): Free Stock Analysis Report
 
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August 31, 2021 3 min read

This story originally appeared on Zacks

FuelCell Energy (FCEL) closed at $6.24 in the latest trading session, marking a +0.48% move from the prior day. This move outpaced the S&P 500’s daily loss of 0.14%.

Heading into today, shares of the fuel cell power plant maker had lost 1.9% over the past month, lagging the Oils-Energy sector’s gain of 0.71% and the S&P 500’s gain of 3.13% in that time.

FCEL will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of -$0.05, up 28.57% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $21.19 million, up 13.14% from the year-ago period.

FCEL’s full-year Zacks Consensus Estimates are calling for earnings of -$0.29 per share and revenue of $73.01 million. These results would represent year-over-year changes of +30.95% and +3.01%, respectively.

Any recent changes to analyst estimates for FCEL 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.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. FCEL is currently sporting a Zacks Rank of #3 (Hold).

The Alternative Energy – Other industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 174, which puts it in the bottom 32% 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.

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

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. 

See 3 crypto-related stocks 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
 
FuelCell Energy, Inc. (FCEL): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

August 31, 2021 4 min read

This story originally appeared on Zacks

CarMax (KMX) closed the most recent trading day at $125.21, moving -1.01% from the previous trading session. This change lagged the S&P 500’s 0.14% loss on the day.

Coming into today, shares of the used car dealership chain had lost 7.33% in the past month. In that same time, the Retail-Wholesale sector gained 0.11%, while the S&P 500 gained 3.13%.

KMX will be looking to display strength as it nears its next earnings release, which is expected to be September 30, 2021. On that day, KMX is projected to report earnings of $1.80 per share, which would represent year-over-year growth of 0.56%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $6.61 billion, up 23.01% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $7.10 per share and revenue of $26.44 billion, which would represent changes of +57.08% and +39.54%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for KMX. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. The Zacks Consensus EPS estimate has moved 5.58% higher within the past month. KMX is currently a Zacks Rank #2 (Buy).

Investors should also note KMX’s current valuation metrics, including its Forward P/E ratio of 17.81. This valuation marks a no noticeable deviation compared to its industry’s average Forward P/E of 17.81.

We can also see that KMX currently has a PEG ratio of 1.03. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. The Automotive – Retail and Wholesale – Parts industry currently had an average PEG ratio of 1.4 as of yesterday’s close.

The Automotive – Retail and Wholesale – Parts industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 12, putting it in the top 5% 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.

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

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. 

See 3 crypto-related stocks 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
 
CarMax, Inc. (KMX): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

August 31, 2021 4 min read

This story originally appeared on Zacks

American Express (AXP) closed at $165.96 in the latest trading session, marking a +1.03% move from the prior day. This change outpaced the S&P 500’s 0.14% loss on the day.

Heading into today, shares of the credit card issuer and global payments company had lost 2.96% over the past month, lagging the Finance sector’s gain of 3.47% and the S&P 500’s gain of 3.13% in that time.

Wall Street will be looking for positivity from AXP as it approaches its next earnings report date. In that report, analysts expect AXP to post earnings of $1.79 per share. This would mark year-over-year growth of 37.69%. Meanwhile, our latest consensus estimate is calling for revenue of $10.56 billion, up 20.7% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $8.81 per share and revenue of $40.94 billion, which would represent changes of +64.98% and +13.45%, respectively, from the prior year.

Any recent changes to analyst estimates for AXP 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 1.42% higher. AXP is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note AXP’s current valuation metrics, including its Forward P/E ratio of 18.65. This represents a premium compared to its industry’s average Forward P/E of 11.94.

It is also worth noting that AXP currently has a PEG ratio of 0.93. 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. The Financial – Miscellaneous Services industry currently had an average PEG ratio of 0.88 as of yesterday’s close.

The Financial – Miscellaneous Services industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 86, which puts it in the top 34% 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.

Bitcoin, Like the Internet Itself, Could Change Everything

Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.

Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. 

See 3 crypto-related stocks 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
 
American Express Company (AXP): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

August 30, 2021 4 min read

This story originally appeared on Zacks

Azure Power (AZRE) came out with quarterly earnings of $0.19 per share, beating the Zacks Consensus Estimate of $0.03 per share. This compares to earnings of $0.07 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 533.33%. A quarter ago, it was expected that this solar power producer would post earnings of $0.06 per share when it actually produced a loss of $0.06, delivering a surprise of -200%.

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

Azure Power, which belongs to the Zacks Solar industry, posted revenues of $59.7 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 3.11%. This compares to year-ago revenues of $52.2 million. The company has topped consensus revenue estimates two 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.

Azure Power shares have lost about 52.5% since the beginning of the year versus the S&P 500’s gain of 20.1%.

What’s Next for Azure Power?

While Azure Power has underperformed 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 Azure Power 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 -$0.17 on $49 million in revenues for the coming quarter and -$0.02 on $251.7 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, Solar is currently in the bottom 7% 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.

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The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

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Azure Power Global Ltd. (AZRE): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

August 30, 2021 3 min read

This story originally appeared on Zacks

Zscaler (ZS) closed the most recent trading day at $278.17, moving +1.62% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.43%.

Prior to today’s trading, shares of the cloud-based information security provider had gained 16.03% over the past month. This has outpaced the Computer and Technology sector’s gain of 4.49% and the S&P 500’s gain of 2.56% in that time.

Wall Street will be looking for positivity from ZS as it approaches its next earnings report date. This is expected to be September 9, 2021. On that day, ZS is projected to report earnings of $0.09 per share, which would represent year-over-year growth of 80%. Our most recent consensus estimate is calling for quarterly revenue of $187.84 million, up 49.21% from the year-ago period.

Any recent changes to analyst estimates for ZS 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.

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.

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. ZS is holding a Zacks Rank of #3 (Hold) right now.

Valuation is also important, so investors should note that ZS has a Forward P/E ratio of 490.75 right now. For comparison, its industry has an average Forward P/E of 27.75, which means ZS is trading at a premium to the group.

We can also see that ZS currently has a PEG ratio of 9.7. 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. ZS’s industry had an average PEG ratio of 3.6 as of yesterday’s close.

The Internet – Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 167, putting it in the bottom 35% 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.

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.

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Zscaler, Inc. (ZS): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

August 30, 2021 3 min read

This story originally appeared on Zacks

Logitech (LOGI) closed the most recent trading day at $105.89, moving +1.16% from the previous trading session. This change outpaced the S&P 500’s 0.43% gain on the day.

Prior to today’s trading, shares of the maker of keyboards, webcams and other computer accessories had lost 4.01% over the past month. This has lagged the Computer and Technology sector’s gain of 4.49% and the S&P 500’s gain of 2.56% in that time.

Investors will be hoping for strength from LOGI as it approaches its next earnings release. In that report, analysts expect LOGI to post earnings of $1.20 per share. This would mark a year-over-year decline of 35.83%. Meanwhile, our latest consensus estimate is calling for revenue of $1.33 billion, up 6.02% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $4.67 per share and revenue of $5.38 billion, which would represent changes of -27.26% and +2.47%, respectively, from the prior year.

Investors might also notice recent changes to analyst estimates for LOGI. 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.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. LOGI currently has a Zacks Rank of #3 (Hold).

In terms of valuation, LOGI is currently trading at a Forward P/E ratio of 22.43. This represents a premium compared to its industry’s average Forward P/E of 16.01.

The Computer – Peripheral Equipment industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 244, which puts it in the bottom 4% 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.

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

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.

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Logitech International S.A. (LOGI): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

August 30, 2021 3 min read

This story originally appeared on Zacks

In the latest trading session, REV Group (REVG) closed at $16.08, marking a -0.12% move from the previous day. This move lagged the S&P 500’s daily gain of 0.43%.

Prior to today’s trading, shares of the company had gained 6.55% over the past month. This has outpaced the Transportation sector’s gain of 1.98% and the S&P 500’s gain of 2.56% in that time.

REVG will be looking to display strength as it nears its next earnings release, which is expected to be September 8, 2021. On that day, REVG is projected to report earnings of $0.33 per share, which would represent year-over-year growth of 230%. Our most recent consensus estimate is calling for quarterly revenue of $650.35 million, up 11.71% from the year-ago period.

REVG’s full-year Zacks Consensus Estimates are calling for earnings of $1.23 per share and revenue of $2.54 billion. These results would represent year-over-year changes of +720% and +11.43%, respectively.

Any recent changes to analyst estimates for REVG should also be noted by investors. 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.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. REVG is currently a Zacks Rank #3 (Hold).

Looking at its valuation, REVG is holding a Forward P/E ratio of 13.09. For comparison, its industry has an average Forward P/E of 15.87, which means REVG is trading at a discount to the group.

The Transportation – Services industry is part of the Transportation sector. This group has a Zacks Industry Rank of 71, putting it in the top 28% 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.

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

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.

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REV Group, Inc. (REVG): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

August 30, 2021 3 min read

This story originally appeared on Zacks

Restoration Hardware (RH) closed the most recent trading day at $716.75, moving +1.45% from the previous trading session. The stock outpaced the S&P 500’s daily gain of 0.43%.

Prior to today’s trading, shares of the furniture and housewares company had gained 6.39% over the past month. This has outpaced the Retail-Wholesale sector’s loss of 2.76% and the S&P 500’s gain of 2.56% in that time.

Wall Street will be looking for positivity from RH as it approaches its next earnings report date. On that day, RH is projected to report earnings of $6.54 per share, which would represent year-over-year growth of 33.47%. Our most recent consensus estimate is calling for quarterly revenue of $972.26 million, up 37% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $22.90 per share and revenue of $3.68 billion, which would represent changes of +28.44% and +29.23%, respectively, from the prior year.

Any recent changes to analyst estimates for RH should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.08% higher. RH is currently sporting a Zacks Rank of #2 (Buy).

Looking at its valuation, RH is holding a Forward P/E ratio of 30.85. This represents a premium compared to its industry’s average Forward P/E of 16.09.

We can also see that RH currently has a PEG ratio of 1.76. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock’s expected earnings growth rate. RH’s industry had an average PEG ratio of 1.61 as of yesterday’s close.

The Retail – Home Furnishings industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 61, which puts it in the top 25% 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.

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.

See these 7 breakthrough stocks 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
 
RH (RH): Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research

August 30, 2021 3 min read

This story originally appeared on Zacks

Jabil (JBL) closed the most recent trading day at $62.69, moving +1.19% from the previous trading session. This move outpaced the S&P 500’s daily gain of 0.43%.

Prior to today’s trading, shares of the electronics manufacturer had gained 4.05% over the past month. This has lagged the Computer and Technology sector’s gain of 4.49% and outpaced the S&P 500’s gain of 2.56% in that time.

Investors will be hoping for strength from JBL as it approaches its next earnings release. On that day, JBL is projected to report earnings of $1.36 per share, which would represent year-over-year growth of 38.78%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.64 billion, up 4.6% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $5.54 per share and revenue of $29.54 billion. These totals would mark changes of +91.03% and +8.34%, respectively, from last year.

Any recent changes to analyst estimates for JBL should also be noted by investors. 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.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. JBL is currently sporting a Zacks Rank of #3 (Hold).

Digging into valuation, JBL currently has a Forward P/E ratio of 11.19. This represents a premium compared to its industry’s average Forward P/E of 10.54.

We can also see that JBL currently has a PEG ratio of 0.93. 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. The Electronics – Manufacturing Services industry currently had an average PEG ratio of 0.82 as of yesterday’s close.

The Electronics – Manufacturing Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 79, putting it in the top 32% 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.

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

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