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

Tilray, Inc. (TLRY) closed the most recent trading day at $11.29, moving +1.62% from the previous trading session. The stock outpaced the S&P 500’s daily loss of 1.19%.

Prior to today’s trading, shares of the company had lost 18.13% over the past month. This has lagged the Medical sector’s loss of 4.53% and the S&P 500’s loss of 3.16% in that time.

TLRY will be looking to display strength as it nears its next earnings release, which is expected to be October 7, 2021.

TLRY’s full-year Zacks Consensus Estimates are calling for earnings of -$0.13 per share and revenue of $779.43 million. These results would represent year-over-year changes of +71.74% and +164.36%, respectively.

Investors should also note any recent changes to analyst estimates for TLRY. 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.

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.

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 has moved 7.89% higher within the past month. TLRY is currently sporting a Zacks Rank of #4 (Sell).

The Medical – Drugs industry is part of the Medical sector. This group has a Zacks Industry Rank of 187, putting it in the bottom 27% 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.

Zacks’ Top Picks to Cash in on Artificial Intelligence

This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.

See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>

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
 
Tilray, Inc. (TLRY): Get Free 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

USA Truck (USAK) closed the most recent trading day at $15.28, moving +1.06% from the previous trading session. This change outpaced the S&P 500’s 1.19% loss on the day.

Prior to today’s trading, shares of the truckload carrier had gained 2.51% over the past month. This has outpaced the Transportation sector’s loss of 3.24% and the S&P 500’s loss of 3.16% in that time.

Investors will be hoping for strength from USAK as it approaches its next earnings release. On that day, USAK is projected to report earnings of $0.51 per share, which would represent year-over-year growth of 75.86%.

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

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 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 2.33% lower. USAK is currently a Zacks Rank #3 (Hold).

Looking at its valuation, USAK is holding a Forward P/E ratio of 7.2. This represents a discount compared to its industry’s average Forward P/E of 16.24.

The Transportation – Truck industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 23, which puts it in the top 10% 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.

Zacks’ Top Picks to Cash in on Artificial Intelligence

This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.

See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>

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
 
USA Truck, Inc. (USAK): Get Free 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

Suncor Energy (SU) closed at $20.74 in the latest trading session, marking no change from the prior day. This change was narrower than the S&P 500’s daily loss of 1.19%.

Prior to today’s trading, shares of the energy company had gained 12.35% over the past month. This has outpaced the Oils-Energy sector’s gain of 6.46% and the S&P 500’s loss of 3.16% in that time.

Investors will be hoping for strength from SU as it approaches its next earnings release, which is expected to be October 26, 2021. The company is expected to report EPS of $0.55, up 266.67% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.95 billion, up 84.74% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $1.89 per share and revenue of $32.15 billion, which would represent changes of +271.82% and +71.47%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for SU. 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.

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. Over the past month, the Zacks Consensus EPS estimate has moved 5.5% lower. SU is currently a Zacks Rank #3 (Hold).

In terms of valuation, SU is currently trading at a Forward P/E ratio of 10.97. This represents a discount compared to its industry’s average Forward P/E of 11.92.

Investors should also note that SU has a PEG ratio of 3.66 right now. 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. SU’s industry had an average PEG ratio of 3.66 as of yesterday’s close.

The Oil and Gas – Integrated – Canadian industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 116, which puts it in the top 46% 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.

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

Zacks’ Top Picks to Cash in on Artificial Intelligence

This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.

See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>

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
 
Suncor Energy Inc. (SU): Get Free 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

Cassava Sciences, Inc. (SAVA) closed at $62.08 in the latest trading session, marking a -0.1% move from the prior day. This change was narrower than the S&P 500’s daily loss of 1.19%.

Prior to today’s trading, shares of the company had gained 19.59% over the past month. This has outpaced the Medical sector’s loss of 4.53% and the S&P 500’s loss of 3.16% in that time.

Investors will be hoping for strength from SAVA as it approaches its next earnings release. The company is expected to report EPS of -$0.17, down 183.33% from the prior-year quarter.

Any recent changes to analyst estimates for SAVA 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.52% higher. SAVA is currently a Zacks Rank #3 (Hold).

The Medical – Drugs industry is part of the Medical sector. This group has a Zacks Industry Rank of 187, putting it in the bottom 27% 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.

Zacks’ Top Picks to Cash in on Artificial Intelligence

This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.

See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>

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
 
Cassava Sciences, Inc. (SAVA): Get Free 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

ServiceNow (NOW) closed at $622.27 in the latest trading session, marking a +0.69% move from the prior day. This change outpaced the S&P 500’s 1.19% loss on the day.

Coming into today, shares of the maker of software that automates companies’ technology operations had lost 5.04% in the past month. In that same time, the Computer and Technology sector lost 5.5%, while the S&P 500 lost 3.16%.

Wall Street will be looking for positivity from NOW as it approaches its next earnings report date. On that day, NOW is projected to report earnings of $1.39 per share, which would represent year-over-year growth of 14.88%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.48 billion, up 28.3% from the year-ago period.

NOW’s full-year Zacks Consensus Estimates are calling for earnings of $5.82 per share and revenue of $5.83 billion. These results would represent year-over-year changes of +25.7% and +29.09%, respectively.

Investors should also note any recent changes to analyst estimates for NOW. These recent revisions tend to reflect the evolving nature of short-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.

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 has moved 1.94% higher. NOW is currently sporting a Zacks Rank of #2 (Buy).

Digging into valuation, NOW currently has a Forward P/E ratio of 106.26. For comparison, its industry has an average Forward P/E of 32.86, which means NOW is trading at a premium to the group.

Also, we should mention that NOW has a PEG ratio of 3.77. 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. NOW’s industry had an average PEG ratio of 1.84 as of yesterday’s close.

The Computers – IT Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 217, which puts it in the bottom 15% 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.

Zacks’ Top Picks to Cash in on Artificial Intelligence

This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.

See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>

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
 
ServiceNow, Inc. (NOW): Get Free 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

Intuit (INTU) closed at $539.51 in the latest trading session, marking a -1.36% move from the prior day. This change lagged the S&P 500’s 1.19% loss on the day.

Coming into today, shares of the maker of TurboTax, QuickBooks and other accounting software had lost 2.88% in the past month. In that same time, the Computer and Technology sector lost 5.5%, while the S&P 500 lost 3.16%.

Wall Street will be looking for positivity from INTU as it approaches its next earnings report date. On that day, INTU is projected to report earnings of $0.97 per share, which would represent year-over-year growth of 3.19%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.81 billion, up 36.85% from the year-ago period.

INTU’s full-year Zacks Consensus Estimates are calling for earnings of $11.26 per share and revenue of $11.18 billion. These results would represent year-over-year changes of +15.61% and +16.04%, respectively.

Investors should also note any recent changes to analyst estimates for INTU. These recent revisions tend to reflect the evolving nature of short-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.

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. INTU is currently sporting a Zacks Rank of #5 (Strong Sell).

Digging into valuation, INTU currently has a Forward P/E ratio of 48.59. For comparison, its industry has an average Forward P/E of 33.96, which means INTU is trading at a premium to the group.

Also, we should mention that INTU has a PEG ratio of 3.28. 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. INTU’s industry had an average PEG ratio of 2.87 as of yesterday’s close.

The Computer – Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 159, which puts it in the bottom 38% 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.

Zacks’ Top Picks to Cash in on Artificial Intelligence

This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.

See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>

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
 
Intuit Inc. (INTU): Get Free 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

XPeng Inc. Sponsored ADR (XPEV) closed at $34.55 in the latest trading session, marking a -0.35% move from the prior day. This change lagged the S&P 500’s daily gain of 0.16%.

Heading into today, shares of the company had lost 18.42% over the past month, lagging the Auto-Tires-Trucks sector’s gain of 4.49% and the S&P 500’s loss of 3.32% in that time.

Wall Street will be looking for positivity from XPEV as it approaches its next earnings report date.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.89 per share and revenue of $2.9 billion. These totals would mark changes of +27.05% and +223.5%, respectively, from last year.

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

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. The Zacks Consensus EPS estimate has moved 4.53% lower within the past month. XPEV is currently a Zacks Rank #3 (Hold).

The Automotive – Foreign industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 74, putting it in the top 30% 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.

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

Zacks’ Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create “the world’s first trillionaires.” Zacks’ urgent special report reveals 3 AI picks investors need to know about today.

See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>

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
 
XPeng Inc. Sponsored ADR (XPEV): 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

Ternium S.A. (TX) closed the most recent trading day at $42.73, moving -0.72% from the previous trading session. This move lagged the S&P 500’s daily gain of 0.16%.

Prior to today’s trading, shares of the company had lost 20.85% over the past month. This has lagged the Basic Materials sector’s loss of 7.91% and the S&P 500’s loss of 3.32% in that time.

TX will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $4.62, up 657.38% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.1 billion, up 91.84% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $16.93 per share and revenue of $15.54 billion. These totals would mark changes of +460.6% and +77.91%, respectively, from last year.

It is also important to note the recent changes to analyst estimates for TX. 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.

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 remained stagnant. TX is currently sporting a Zacks Rank of #1 (Strong Buy).

In terms of valuation, TX is currently trading at a Forward P/E ratio of 2.54. This represents a discount compared to its industry’s average Forward P/E of 4.14.

We can also see that TX currently has a PEG ratio of 0.14. 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 Steel – Producers industry currently had an average PEG ratio of 0.17 as of yesterday’s close.

The Steel – Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 43, putting it in the top 17% 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.

Zacks’ Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create “the world’s first trillionaires.” Zacks’ urgent special report reveals 3 AI picks investors need to know about today.

See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>

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
 
Ternium S.A. (TX): 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

Texas Instruments (TXN) closed the most recent trading day at $193.07, moving -0.93% from the previous trading session. This move lagged the S&P 500’s daily gain of 0.16%.

Heading into today, shares of the chipmaker had gained 2.08% over the past month, outpacing the Computer and Technology sector’s loss of 4.96% and the S&P 500’s loss of 3.32% in that time.

Wall Street will be looking for positivity from TXN as it approaches its next earnings report date. On that day, TXN is projected to report earnings of $2.04 per share, which would represent year-over-year growth of 40.69%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $4.65 billion, up 21.73% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $7.86 per share and revenue of $17.94 billion, which would represent changes of +31.66% and +24.05%, respectively, from the prior year.

It is also important to note the recent changes to analyst estimates for TXN. 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.

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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. TXN currently has a Zacks Rank of #3 (Hold).

Investors should also note TXN’s current valuation metrics, including its Forward P/E ratio of 24.8. Its industry sports an average Forward P/E of 22.37, so we one might conclude that TXN is trading at a premium comparatively.

We can also see that TXN currently has a PEG ratio of 2.66. 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 Semiconductor – General was holding an average PEG ratio of 2.59 at yesterday’s closing price.

The Semiconductor – General industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 51, putting it in the top 21% 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.

Zacks’ Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create “the world’s first trillionaires.” Zacks’ urgent special report reveals 3 AI picks investors need to know about today.

See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>

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
 
Texas Instruments Incorporated (TXN): 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

Seagate (STX) closed the most recent trading day at $83.10, moving -1.31% from the previous trading session. This move lagged the S&P 500’s daily gain of 0.16%.

Prior to today’s trading, shares of the electronic storage maker had lost 3.87% over the past month. This has lagged the Business Services sector’s loss of 2.84% and the S&P 500’s loss of 3.32% 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. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.1 billion, up 34.11% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $8.26 per share and revenue of $11.82 billion. These totals would mark changes of +46.45% and +10.69%, respectively, from last year.

It is also important to note the 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.

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.

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 remained stagnant. STX is currently sporting a Zacks Rank of #3 (Hold).

In terms of valuation, STX is currently trading at a Forward P/E ratio of 10.2. This represents a discount compared to its industry’s average Forward P/E of 26.85.

We can also see that STX currently has a PEG ratio of 8.43. 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 Technology Services industry currently had an average PEG ratio of 2.05 as of yesterday’s close.

The Technology Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 214, putting it in the bottom 16% 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.

Zacks’ Top Picks to Cash in on Artificial Intelligence

In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create “the world’s first trillionaires.” Zacks’ urgent special report reveals 3 AI picks investors need to know about today.

See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>

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.