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Lennar (LEN) came out with quarterly earnings of $3.27 per share, beating the Zacks Consensus Estimate of $3.24 per share. This compares to earnings of $2.12 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 0.93%. A quarter ago, it was expected that this homebuilder would post earnings of $2.34 per share when it actually produced earnings of $2.95, delivering a surprise of 26.07%.

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

Lennar, which belongs to the Zacks Building Products – Home Builders industry, posted revenues of $6.94 billion for the quarter ended August 2021, missing the Zacks Consensus Estimate by 4.51%. This compares to year-ago revenues of $5.87 billion. The company has topped consensus revenue estimates three 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.

Lennar shares have added about 32.9% since the beginning of the year versus the S&P 500’s gain of 18%.

What’s Next for Lennar?

While Lennar 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 Lennar was 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 $4.45 on $9.53 billion in revenues for the coming quarter and $13.54 on $28.54 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, Building Products – Home Builders is currently in the top 31% 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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Well, we staved off the worst of the stock market storm hitting the markets today, and saw some bargain-shopping in the last hour of the regular session. The Dow, which had been -972 points at its lowest level today, but wound up closing -614 points, or -1.78%. This is roughly where the Dow came in at this morning’s open. Likewise the S&P 500, which dropped -1.7% on the day. The Nasdaq was worse, -2.19%, and the Russell 2000 came in lower than that, at -2.44%.
The “Chinese contagion” trade did deplete all sectors for the day; almost nothing survived this 2%+ knee-capping, including those with less to do with Chinese manufacturing or marketplaces. Tech was down -2% (subsector Semis did worse, -2.5%), Energy -3%. Consumer Discretionary was -2.5%. Bitcoin and Ethernet had dropped -10% earlier, but bounced back similar to equities, -7.8%. And the 10-year remained relatively steady at +1.3%. We’re not seeing panic-buying into bonds here, which is good.
Nevertheless, it is the worst trading day for Nasdaq, the S&P and the Russell since May. The Nasdaq is back below 15K, where it hasn’t been since late August. Unsurprisingly, companies heavily invested in China — either in terms of manufacturing or selling their wares in the country, or both — fared worst for today. NVIDIA NVDA fell -3.6% and Ford F was -5.4%. Then again, consider these stocks are +61% and +50.5%, year to date.
Which brings us to an important point: many of these companies are still trading in an orbit they’ve need been to before. Gains have been steadily and prevalent — especially in tech and related growth industries — basically since the 10-year bond yield peaked around +1.75% in late March. And we haven’t seen a significant bite out of market indexes since October of last year. (So far, at least. We may not be seeing the end of this negative mood quite yet.)
Perhaps, however, what we saw in the last hour of trading today was a bit of “Fed drift,” as the Federal Open Market Committee (FOMC) commences tomorrow, with a new report and a presser from Fed Chair Jay Powell. Currently, the hive mind does not see the tapering of asset purchases being addressed this week, and the odds are probably even better now that China is showing some distinct signs of economic weakness as it attempts to more strongly regulate its markets.
What many investors do expect is perhaps a forward glimpse of the taper being a future necessity, but no firm announcement of a new monetary program until the FOMC meets again in November. That announcement would presumably put the December meeting on the timeline for tapering the buybacks — more or less on time with the start of 2021 as the period to be looking toward in terms of raiding interest rates. Data-permitting, of course.
Tomorrow morning, our concerns turn domestic, with Housing Starts and Building Permits for August expected to remain consistent with the previous month. Speaking of housing, Lennar Corp. LEN reported mixed results in its fiscal Q3 earnings report this afternoon, with earnings of $4.52 per share easily beating the Zacks consensus, but revenues of $6.51 billion coming up short. Record quarterly gross margins of 27% are countered by supply-chain challenges “for the foreseeable future.”
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Vista Outdoor (VSTO) closed the most recent trading day at $40.78, moving -1.88% from the previous trading session. This move lagged the S&P 500’s daily loss of 1.7%.

Prior to today’s trading, shares of the maker of firearms, ammunition and accessories had gained 2.49% over the past month. This has outpaced the Consumer Discretionary sector’s gain of 1.73% and the S&P 500’s loss of 0.27% in that time.

VSTO will be looking to display strength as it nears its next earnings release. On that day, VSTO is projected to report earnings of $1.77 per share, which would represent year-over-year growth of 60.91%. Meanwhile, our latest consensus estimate is calling for revenue of $723.34 million, up 25.76% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $6.09 per share and revenue of $2.78 billion. These totals would mark changes of +66.39% and +24.75%, respectively, from last year.

Any recent changes to analyst estimates for VSTO should also be noted by investors. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.16% higher within the past month. VSTO is holding a Zacks Rank of #1 (Strong Buy) right now.

Looking at its valuation, VSTO is holding a Forward P/E ratio of 6.83. Its industry sports an average Forward P/E of 10.71, so we one might conclude that VSTO is trading at a discount comparatively.

The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 35, which puts it in the top 14% 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.

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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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Seagate (STX) closed at $82.95 in the latest trading session, marking a -0.94% move from the prior day. This change was narrower than the S&P 500’s daily loss of 1.7%.

Prior to today’s trading, shares of the electronic storage maker had lost 6.37% over the past month. This has lagged the Business Services sector’s gain of 0.77% and the S&P 500’s loss of 0.27% in that time.

STX will be looking to display strength as it nears its next earnings release. In that report, analysts expect STX to post earnings of $2.21 per share. This would mark year-over-year growth of 137.63%. Meanwhile, our latest consensus estimate is calling for revenue of $3.1 billion, up 34.11% from the prior-year quarter.

STX’s full-year Zacks Consensus Estimates are calling for earnings of $8.26 per share and revenue of $11.82 billion. These results would represent year-over-year changes of +46.45% and +10.69%, respectively.

Investors should also note any recent changes to analyst estimates for STX. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

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

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

Investors should also note STX’s current valuation metrics, including its Forward P/E ratio of 10.14. Its industry sports an average Forward P/E of 29.76, so we one might conclude that STX is trading at a discount comparatively.

We can also see that STX currently has a PEG ratio of 8.38. 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. Technology Services stocks are, on average, holding a PEG ratio of 2.26 based on yesterday’s closing prices.

The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 226, which puts it in the bottom 12% 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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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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In the latest trading session, Sundial Growers Inc. (SNDL) closed at $0.73, marking a +0.85% move from the previous day. The stock outpaced the S&P 500’s daily loss of 0.91%.

Coming into today, shares of the company had gained 2.76% in the past month. In that same time, the Medical sector lost 0.52%, while the S&P 500 gained 0.01%.

Wall Street will be looking for positivity from SNDL as it approaches its next earnings report date. Our most recent consensus estimate is calling for quarterly revenue of $15.28 million, up 58.18% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.08 per share and revenue of $48 million, which would represent changes of +69.23% and -7.75%, respectively, from the prior year.

Any recent changes to analyst estimates for SNDL 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. 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 remained stagnant within the past month. SNDL is holding a Zacks Rank of #4 (Sell) right now.

The Medical – Drugs industry is part of the Medical sector. This group has a Zacks Industry Rank of 197, putting it in the bottom 23% of all 250+ industries.

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

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

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In the latest trading session, Southern Copper (SCCO) closed at $58.51, marking a -1.07% move from the previous day. This change lagged the S&P 500’s daily loss of 0.91%.

Coming into today, shares of the miner had lost 2.84% in the past month. In that same time, the Basic Materials sector lost 5.78%, while the S&P 500 gained 0.01%.

Wall Street will be looking for positivity from SCCO as it approaches its next earnings report date. On that day, SCCO is projected to report earnings of $1.09 per share, which would represent year-over-year growth of 67.69%. Meanwhile, our latest consensus estimate is calling for revenue of $2.7 billion, up 27.01% from the prior-year quarter.

SCCO’s full-year Zacks Consensus Estimates are calling for earnings of $4.51 per share and revenue of $10.97 billion. These results would represent year-over-year changes of +122.17% and +37.36%, respectively.

Investors might also notice recent changes to analyst estimates for SCCO. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company’s business and profitability.

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. The Zacks Consensus EPS estimate has moved 3.56% lower within the past month. SCCO is holding a Zacks Rank of #3 (Hold) right now.

In terms of valuation, SCCO is currently trading at a Forward P/E ratio of 13.11. This valuation marks a discount compared to its industry’s average Forward P/E of 13.56.

Also, we should mention that SCCO has a PEG ratio of 0.78. 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. Mining – Non Ferrous stocks are, on average, holding a PEG ratio of 0.78 based on yesterday’s closing prices.

The Mining – Non Ferrous industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 197, which puts it in the bottom 23% 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.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

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Uber Technologies (UBER) closed the most recent trading day at $39.75, moving +0.58% from the previous trading session. The stock outpaced the S&P 500’s daily loss of 0.91%.

Heading into today, shares of the ride-hailing company had lost 0.85% over the past month, lagging the Computer and Technology sector’s gain of 2.86% and the S&P 500’s gain of 0.01% in that time.

UBER will be looking to display strength as it nears its next earnings release. In that report, analysts expect UBER to post earnings of -$0.43 per share. This would mark year-over-year growth of 30.65%. Our most recent consensus estimate is calling for quarterly revenue of $4.4 billion, up 40.76% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.20 per share and revenue of $16.32 billion. These totals would mark changes of +94.82% and +35.08%, respectively, from last year.

Any recent changes to analyst estimates for UBER 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.

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. The Zacks Consensus EPS estimate has moved 27.83% higher within the past month. UBER currently has a Zacks Rank of #3 (Hold).

The Internet – Services industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 156, which puts it in the bottom 39% 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.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

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In the latest trading session, Riot Blockchain, Inc. (RIOT) closed at $29.30, marking a -0.24% move from the previous day. This change was narrower than the S&P 500’s daily loss of 0.91%.

Coming into today, shares of the company had lost 8.45% in the past month. In that same time, the Business Services sector gained 1.31%, while the S&P 500 gained 0.01%.

Investors will be hoping for strength from RIOT as it approaches its next earnings release. The company is expected to report EPS of $0.45, up 1225% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $84.4 million, up 3330.89% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.37 per share and revenue of $256.8 million. These totals would mark changes of +407.41% and +2025.65%, respectively, from last year.

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

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.

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 68.42% higher within the past month. RIOT is holding a Zacks Rank of #3 (Hold) right now.

Investors should also note RIOT’s current valuation metrics, including its Forward P/E ratio of 21.44. Its industry sports an average Forward P/E of 29.96, so we one might conclude that RIOT is trading at a discount comparatively.

The Technology Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 224, which puts it in the bottom 12% 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.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

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In the latest trading session, Magnite (MGNI) closed at $29.18, marking a -0.98% move from the previous day. This change lagged the S&P 500’s 0.91% loss on the day.

Prior to today’s trading, shares of the digital ad exchange operator had gained 21.28% over the past month. This has outpaced the Computer and Technology sector’s gain of 2.86% and the S&P 500’s gain of 0.01% in that time.

MGNI will be looking to display strength as it nears its next earnings release. On that day, MGNI is projected to report earnings of $0.15 per share, which would represent year-over-year growth of 150%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $114 million, up 86.95% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $0.55 per share and revenue of $417.5 million, which would represent changes of +223.53% and +88.38%, respectively, from the prior year.

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

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 has moved 6.06% lower. MGNI is currently sporting a Zacks Rank of #4 (Sell).

Digging into valuation, MGNI currently has a Forward P/E ratio of 53.58. This represents a discount compared to its industry’s average Forward P/E of 59.87.

The Internet – Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 205, putting it in the bottom 20% 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.

5 Stocks Set to Double

Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.

Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.

Today, See These 5 Potential Home Runs >>

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In the latest trading session, Peloton (PTON) closed at $103.42, marking a -1.43% move from the previous day. This change lagged the S&P 500’s 0.91% loss on the day.

Heading into today, shares of the exercise bike and treadmill company had lost 2.67% over the past month, lagging the Consumer Discretionary sector’s gain of 0.91% and the S&P 500’s gain of 0.01% in that time.

Wall Street will be looking for positivity from PTON as it approaches its next earnings report date. In that report, analysts expect PTON to post earnings of -$1.15 per share. This would mark a year-over-year decline of 675%. Our most recent consensus estimate is calling for quarterly revenue of $802.71 million, up 5.91% from the year-ago period.

PTON’s full-year Zacks Consensus Estimates are calling for earnings of -$1.98 per share and revenue of $5.37 billion. These results would represent year-over-year changes of -209.38% and +33.6%, respectively.

It is also important to note the recent changes to analyst estimates for PTON. 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. The Zacks Consensus EPS estimate has moved 450.4% lower within the past month. PTON currently has a Zacks Rank of #5 (Strong Sell).

The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 35, putting it in the top 14% 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.

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

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Peloton Interactive, Inc. (PTON): Free Stock Analysis Report
 
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