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Methanex (MEOH) closed at $39.78 in the latest trading session, marking a -1.07% move from the prior day. This move lagged the S&P 500’s daily loss of 0.85%. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq lost 0.05%.

Coming into today, shares of the methanol supplier had lost 13.79% in the past month. In that same time, the Basic Materials sector lost 1.7%, while the S&P 500 lost 0.97%.

Methanex will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $2.08, up 1286.67% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.2 billion, up 47.35% from the year-ago period.

MEOH’s full-year Zacks Consensus Estimates are calling for earnings of $5.73 per share and revenue of $4.26 billion. These results would represent year-over-year changes of +453.7% and +60.76%, respectively.

Any recent changes to analyst estimates for Methanex should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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.

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 remained stagnant. Methanex is holding a Zacks Rank of #1 (Strong Buy) right now.

Digging into valuation, Methanex currently has a Forward P/E ratio of 7.02. This represents a discount compared to its industry’s average Forward P/E of 11.74.

The Chemical – Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 104, putting it in the top 41% 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.

To follow MEOH in the coming trading sessions, be sure to utilize Zacks.com.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

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Methanex Corporation (MEOH): Free Stock Analysis Report
 
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Siderurgica Nacional (SID) closed the most recent trading day at $4.08, moving -0.97% from the previous trading session. This change lagged the S&P 500’s 0.85% loss on the day. Meanwhile, the Dow lost 0.17%, and the Nasdaq, a tech-heavy index, lost 0.05%.

Coming into today, shares of the steelmaker had gained 7.85% in the past month. In that same time, the Basic Materials sector lost 1.7%, while the S&P 500 lost 0.97%.

Wall Street will be looking for positivity from Siderurgica Nacional as it approaches its next earnings report date. In that report, analysts expect Siderurgica Nacional to post earnings of $0.27 per share. This would mark year-over-year growth of 58.82%. Our most recent consensus estimate is calling for quarterly revenue of $1.89 billion, up 16.8% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $2.04 per share and revenue of $8.99 billion, which would represent changes of +240% and +54.88%, respectively, from the prior year.

Any recent changes to analyst estimates for Siderurgica Nacional 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.

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. Within the past 30 days, our consensus EPS projection has moved 5.99% lower. Siderurgica Nacional is holding a Zacks Rank of #5 (Strong Sell) right now.

Investors should also note Siderurgica Nacional’s current valuation metrics, including its Forward P/E ratio of 2.02. This represents a discount compared to its industry’s average Forward P/E of 3.63.

We can also see that SID currently has a PEG ratio of 0.12. 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. SID’s industry had an average PEG ratio of 0.12 as of yesterday’s close.

The Steel – Producers industry is part of the Basic Materials 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 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.

To follow SID in the coming trading sessions, be sure to utilize Zacks.com.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

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National Steel Company (SID): Free Stock Analysis Report
 
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Crown Castle (CCI) closed the most recent trading day at $184.86, moving -0.42% from the previous trading session. This move was narrower than the S&P 500’s daily loss of 0.85%. Elsewhere, the Dow lost 0.17%, while the tech-heavy Nasdaq lost 0.05%.

Heading into today, shares of the operator of wireless communications towers had gained 2.54% over the past month, outpacing the Finance sector’s loss of 3.87% and the S&P 500’s loss of 0.97% in that time.

Investors will be hoping for strength from Crown Castle as it approaches its next earnings release. On that day, Crown Castle is projected to report earnings of $1.72 per share, which would represent a year-over-year decline of 26.18%. Meanwhile, our latest consensus estimate is calling for revenue of $1.62 billion, up 8.73% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $6.89 per share and revenue of $6.31 billion, which would represent changes of +1.62% and +8.02%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for Crown Castle. Recent revisions tend to reflect the latest 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. 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. Within the past 30 days, our consensus EPS projection remained stagnant. Crown Castle is holding a Zacks Rank of #3 (Hold) right now.

Valuation is also important, so investors should note that Crown Castle has a Forward P/E ratio of 26.95 right now. This represents a premium compared to its industry’s average Forward P/E of 17.97.

Meanwhile, CCI’s PEG ratio is currently 2.7. 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. CCI’s industry had an average PEG ratio of 2.89 as of yesterday’s close.

The REIT and Equity Trust – Other industry is part of the Finance sector. This industry currently has a Zacks Industry Rank of 109, which puts it in the top 43% 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.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

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
 
Crown Castle International Corporation (CCI): 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

In the latest trading session, Comcast (CMCSA) closed at $51.78, marking a +0.54% move from the previous day. This move outpaced the S&P 500’s daily loss of 0.85%. At the same time, the Dow lost 0.17%, and the tech-heavy Nasdaq lost 0.05%.

Heading into today, shares of the cable provider had lost 2.33% over the past month, outpacing the Consumer Discretionary sector’s loss of 7.17% and lagging the S&P 500’s loss of 0.97% in that time.

Wall Street will be looking for positivity from Comcast as it approaches its next earnings report date. In that report, analysts expect Comcast to post earnings of $0.74 per share. This would mark year-over-year growth of 32.14%. Meanwhile, our latest consensus estimate is calling for revenue of $29.8 billion, up 7.55% from the prior-year quarter.

CMCSA’s full-year Zacks Consensus Estimates are calling for earnings of $3.20 per share and revenue of $115.78 billion. These results would represent year-over-year changes of +22.61% and +11.79%, respectively.

Investors might also notice recent changes to analyst estimates for Comcast. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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. Within the past 30 days, our consensus EPS projection has moved 0.57% higher. Comcast is holding a Zacks Rank of #3 (Hold) right now.

Digging into valuation, Comcast currently has a Forward P/E ratio of 16.11. For comparison, its industry has an average Forward P/E of 23.11, which means Comcast is trading at a discount to the group.

Also, we should mention that CMCSA has a PEG ratio of 1.03. 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. The Cable Television was holding an average PEG ratio of 1.21 at yesterday’s closing price.

The Cable Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 209, which puts it in the bottom 18% 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.

To follow CMCSA in the coming trading sessions, be sure to utilize Zacks.com.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

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
 
Comcast Corporation (CMCSA): Free Stock Analysis Report
 
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Zacks Investment Research

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V.F. (VFC) closed the most recent trading day at $74.51, moving +0.59% from the previous trading session. This change outpaced the S&P 500’s 0.85% loss on the day. Meanwhile, the Dow lost 0.17%, and the Nasdaq, a tech-heavy index, lost 0.05%.

Coming into today, shares of the maker of brands such as Vans, North Face and Timberland had gained 0.95% in the past month. In that same time, the Consumer Discretionary sector lost 7.17%, while the S&P 500 lost 0.97%.

Wall Street will be looking for positivity from V.F. as it approaches its next earnings report date. In that report, analysts expect V.F. to post earnings of $1.21 per share. This would mark year-over-year growth of 30.11%. Our most recent consensus estimate is calling for quarterly revenue of $3.62 billion, up 21.84% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $3.18 per share and revenue of $11.99 billion, which would represent changes of +142.75% and +29.76%, respectively, from the prior year.

Any recent changes to analyst estimates for V.F. 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.

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. Within the past 30 days, our consensus EPS projection remained stagnant. V.F. is holding a Zacks Rank of #4 (Sell) right now.

Investors should also note V.F.’s current valuation metrics, including its Forward P/E ratio of 23.29. This represents a premium compared to its industry’s average Forward P/E of 16.27.

We can also see that VFC currently has a PEG ratio of 0.83. 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. VFC’s industry had an average PEG ratio of 1.07 as of yesterday’s close.

The Textile – Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 47, which puts it in the top 19% 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.

To follow VFC in the coming trading sessions, be sure to utilize Zacks.com.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 7 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

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
 
V.F. Corporation (VFC): Free Stock Analysis Report
 
To read this article on Zacks.com click here.

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

For investors looking for momentum, Invesco S&P 500 Downside Hedged ETF PHDG is probably a suitable pick. The fund just hit a 52-week high by gaining 17.7% from its 52-week low price of $32.27/share.

Let’s take a look at the fund and its near-term outlook to gain an insight into where it might be headed:

PHDG in Focus

The Invesco S&P 500 Downside Hedged ETF seeks to achieve positive total returns in rising or falling markets that are not directly correlated to broad equity or fixed-income market returns. PHDG seeks to achieve its investment objective by using a quantitative, rules-based strategy that seeks to obtain returns that exceed the S&P 500 Dynamic VEQTOR Index.  Invesco S&P 500 Downside Hedged ETF has AUM of $295.5 million and charges 40 basis points in annual fees.

Why the Move?

The mood in Wall Street grew tense on the first trading day of December. The Centers for Disease Control and Prevention’s confirmation that the first case of omicron has been detected in the United States in California led to the new wave of worries. The variant was first detected in South Africaand has numerous mutations (more than 30) to the spike protein (as stated in a CNBC article). The coronavirus outbreak is aggravating in some parts of Europe largely due to the cold weather conditions. Various measures are being taken to curtail the spread, which can again impact the economic recovery achieved so far from the pandemic-led slump. This is making funds like PHDG an impressive investment option.

More Gains Ahead?

It seems like Invesco S&P 500 Downside Hedged ETF will remain strong, with a positive weighted alpha of 15.30, which gives cues of a further rally.

Want key ETF info delivered straight to your inbox?

Zacks’ free Fund Newsletter will brief you on top news and analysis, as well as top-performing ETFs, each week.

Get it free >>

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The Cooper Companies (COO) came out with quarterly earnings of $3.28 per share, missing the Zacks Consensus Estimate of $3.37 per share. This compares to earnings of $3.16 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -2.67%. A quarter ago, it was expected that this surgical and contact lens products maker would post earnings of $3.30 per share when it actually produced earnings of $3.41, delivering a surprise of 3.33%.

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

The Cooper Companies, which belongs to the Zacks Medical – Dental Supplies industry, posted revenues of $759.1 million for the quarter ended October 2021, surpassing the Zacks Consensus Estimate by 1.52%. This compares to year-ago revenues of $681.6 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.

The Cooper Companies shares have added about 2.8% since the beginning of the year versus the S&P 500’s gain of 20.2%.

What’s Next for The Cooper Companies?

While The Cooper Companies 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 The Cooper Companies: unfavorable. 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 #4 (Sell) for the stock. So, the shares are expected to underperform 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 $3.34 on $726.34 million in revenues for the coming quarter and $14.55 on $3.09 billion 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, Medical – Dental Supplies is currently in the top 43% 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.

Another stock from the broader Zacks Medical sector, Avid Bioservices (CDMO), has yet to report results for the quarter ended October 2021. The results are expected to be released on December 7.

This contract manufacturer is expected to post quarterly earnings of $0.02 per share in its upcoming report, which represents a year-over-year change of +100%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Avid Bioservices’ revenues are expected to be $25 million, up 18.7% from the year-ago quarter.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

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
 
The Cooper Companies, Inc. (COO): Free Stock Analysis Report
 
Avid Bioservices, Inc. (CDMO): Free Stock Analysis Report
 
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DocuSign (DOCU) came out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.46 per share. This compares to earnings of $0.22 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 26.09%. A quarter ago, it was expected that this provider of electronic signature technology would post earnings of $0.39 per share when it actually produced earnings of $0.47, delivering a surprise of 20.51%.

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

DocuSign, which belongs to the Zacks Technology Services industry, posted revenues of $545.46 million for the quarter ended October 2021, surpassing the Zacks Consensus Estimate by 3.05%. This compares to year-ago revenues of $382.92 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.

DocuSign shares have added about 3.8% since the beginning of the year versus the S&P 500’s gain of 20.2%.

What’s Next for DocuSign?

While DocuSign 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 DocuSign: 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 $0.36 on $573.03 million in revenues for the coming quarter and $1.72 on $2.08 billion 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, Technology Services is currently in the bottom 32% 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.

Another stock from the broader Zacks Business Services sector, Korn/Ferry (KFY), has yet to report results for the quarter ended October 2021. The results are expected to be released on December 8.

This staffing company is expected to post quarterly earnings of $1.37 per share in its upcoming report, which represents a year-over-year change of +153.7%. The consensus EPS estimate for the quarter has been revised 5.3% higher over the last 30 days to the current level.

Korn/Ferry’s revenues are expected to be $607.5 million, up 39.5% from the year-ago quarter.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

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
 
DocuSign (DOCU): Free Stock Analysis Report
 
KornFerry International (KFY): 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

Ollie’s Bargain Outlet (OLLI) came out with quarterly earnings of $0.34 per share, missing the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.65 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -27.66%. A quarter ago, it was expected that this retailer would post earnings of $0.57 per share when it actually produced earnings of $0.52, delivering a surprise of -8.77%.

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

Ollie’s Bargain Outlet, which belongs to the Zacks Consumer Products – Staples industry, posted revenues of $383.49 million for the quarter ended October 2021, missing the Zacks Consensus Estimate by 6.49%. This compares to year-ago revenues of $414.38 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.

Ollie’s Bargain Outlet shares have lost about 25.1% since the beginning of the year versus the S&P 500’s gain of 20.2%.

What’s Next for Ollie’s Bargain Outlet?

While Ollie’s Bargain Outlet 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 Ollie’s Bargain Outlet: 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 $0.89 on $549.55 million in revenues for the coming quarter and $2.67 on $1.83 billion 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, Consumer Products – Staples is currently in the bottom 16% 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.

One other stock from the same industry, Chewy (CHWY), is yet to report results for the quarter ended October 2021. The results are expected to be released on December 9.

This online pet store is expected to post quarterly loss of $0.04 per share in its upcoming report, which represents a year-over-year change of +50%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Chewy’s revenues are expected to be $2.21 billion, up 24.2% from the year-ago quarter.

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Ollie’s Bargain Outlet Holdings, Inc. (OLLI): Free Stock Analysis Report
 
Chewy (CHWY): Free Stock Analysis Report
 
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Zacks Investment Research

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Tilly’s (TLYS) came out with quarterly earnings of $0.66 per share, beating the Zacks Consensus Estimate of $0.33 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 100%. A quarter ago, it was expected that this clothing and accessories retailer would post earnings of $0.50 per share when it actually produced earnings of $0.66, delivering a surprise of 32%.

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

Tilly’s, which belongs to the Zacks Retail – Apparel and Shoes industry, posted revenues of $206.1 million for the quarter ended October 2021, surpassing the Zacks Consensus Estimate by 8.46%. This compares to year-ago revenues of $140.28 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.

Tilly’s shares have added about 74.5% since the beginning of the year versus the S&P 500’s gain of 20.2%.

What’s Next for Tilly’s?

While Tilly’s 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 Tilly’s: unfavorable. 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 #4 (Sell) for the stock. So, the shares are expected to underperform 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 $0.35 on $197.16 million in revenues for the coming quarter and $1.70 on $752.32 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, Retail – Apparel and Shoes is currently in the top 29% 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.

Another stock from the same industry, Genesco (GCO), has yet to report results for the quarter ended October 2021. The results are expected to be released on December 3.

This seller of footwear, hats, clothing and accessories is expected to post quarterly earnings of $1.33 per share in its upcoming report, which represents a year-over-year change of +56.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.

Genesco’s revenues are expected to be $572.75 million, up 19.5% from the year-ago quarter.

Infrastructure Stock Boom to Sweep America

A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.

The only question is “Will you get into the right stocks early when their growth potential is greatest?”

Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.

Download FREE: How to Profit from Trillions on Spending for Infrastructure >>

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
 
Tilly’s, Inc. (TLYS): Free Stock Analysis Report
 
Genesco Inc. (GCO): Free Stock Analysis Report
 
To read this article on Zacks.com click here.