New Strong Buy Stocks for May 7th
Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:
Safran SA SAFRY: This aerospace and defense company has seen the Zacks Consensus Estimate for its current year earnings increasing 5.5% over the last 60 days.
Safran SA Price and Consensus
Safran SA Price and Consensus
Safran SA price-consensus-chart | Safran SA Quote
Expand Energy Corporation EXE: This independent natural gas production company has seen the Zacks Consensus Estimate for its current year earnings increasing 41.9% over the last 60 days.
Expand Energy Corporation Price and Consensus
Expand Energy Corporation Price and Consensus
Expand Energy Corporation price-consensus-chart | Expand Energy Corporation Quote
Brenntag SE BNTGY: This distributor of chemicals and ingredients has seen the Zacks Consensus Estimate for its current year earnings increasing 14.1% over the last 60 days.
Brenntag AG Price and Consensus
Brenntag AG Price and Consensus
Brenntag AG price-consensus-chart | Brenntag AG Quote
WidePoint Corporation WYY: This company that provides technology management as a service (TMaaS) has seen the Zacks Consensus Estimate for its current year earnings increasing 108.3% over the last 60 days.
WidePoint Corporation Price and Consensus
WidePoint Corporation Price and Consensus
WidePoint Corporation price-consensus-chart | WidePoint Corporation Quote
Flotek Industries, Inc. FTK: This tech-driven green chemistry and data company has seen the Zacks Consensus Estimate for its current year earnings increasing 9.3% over the last 60 days.
Flotek Industries, Inc. Price and Consensus
Flotek Industries, Inc. Price and Consensus
Flotek Industries, Inc. price-consensus-chart | Flotek Industries, Inc. Quote
You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
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
WidePoint Corporation (WYY) : Free Stock Analysis Report
Safran SA (SAFRY) : Free Stock Analysis Report
Flotek Industries, Inc. (FTK) : Free Stock Analysis Report
Brenntag AG (BNTGY) : Free Stock Analysis Report
Expand Energy Corporation (EXE) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
Hashtags
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
2 hours ago
- Yahoo
HPE Set to Report Q2 Earnings: Is a Beat in Store for the Stock?
Hewlett Packard Enterprise HPE is scheduled to report second-quarter fiscal 2025 results on June the second quarter of fiscal 2025, management expects non-GAAP earnings per share between 28 cents and 34 cents. The consensus mark is pegged at 34 cents per share, indicating a decrease of 19.05% from the prior-year quarter's reported figure. The estimate has been revised upward by a penny over the past 30 earnings beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters, missing the same on one occasion, delivering an average earnings surprise of 5.67%.For the second quarter of fiscal 2025, HPE expects revenues between $7.2 billion and $7.6 billion. The Zacks Consensus Estimate is pegged at $7.47 billion, suggesting growth of approximately 3.66% from the year-ago quarter's reported figure. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Hewlett Packard Enterprise Company price-eps-surprise | Hewlett Packard Enterprise Company Quote Hewlett Packard Enterprise's fiscal second-quarter performance is expected to have been supported by a recovering demand environment fueled by artificial intelligence (AI). HPE's AI-driven networking portfolio is likely to have contributed to the growth of its Intelligent Edge services across campus and branch continues to be a key growth catalyst for HPE. During the second quarter, HPE's AI systems and sovereign AI cloud offerings are likely to have been driven by strong demand from the customers, particularly through HPE Private Cloud AI, which is expected to have boosted the company's top increasing adoption of the Aruba Edge Services Platform and HPE GreenLake is expected to have driven Hewlett Packard Enterprise's revenues in the to-be-reported quarter. The HPE GreenLake solution is likely to have benefited from the company's effort to simplify its cloud strategy by including all related products in the hybrid cloud segment. This initiative is expected to have simplified the customer adoption of the solution and added to the top Packard Enterprise has been benefiting from persistent growth in sales of its accelerator processing unit, primarily driven by rising demand for HPE Cray EX, Cray XT and HPE ProLiant Gen11 AI-optimized softening IT spending is likely to have impacted overall financial performance in the second quarter. Higher interest rates and inflationary pressures are hurting consumer spending. On the other hand, enterprises are postponing their large IT spending plans due to a weakening global economy amid ongoing macroeconomic and geopolitical issues. Our proven model predicts an earnings beat for Hewlett Packard Enterprise this earnings season. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat, which is the case here. Earnings ESP : Earnings ESP, which represents the difference between the Most Accurate Estimate (35 cents) and the Zacks Consensus Estimate (34 cents), is +2.94%. You can uncover the best stocks to buy or sell before they are reported with our Earnings ESP Filter. Zacks Rank : HPE carries a Zacks Rank #3 at present. Per our model, Broadcom AVGO, Ciena CIEN and Vail Resorts MTN also have the right combination of elements to post an earnings beat in their upcoming carries a Zacks Rank #2 and has an Earnings ESP of +1.27%. The company is scheduled to report second-quarter fiscal 2025 results on June 5. Its earnings beat the Zacks Consensus Estimate in each of the preceding four quarters, the average surprise being 3.44%. You can see the complete list of today's Zacks #1 Rank stocks Zacks Consensus Estimate for Broadcom's second-quarter earnings is pinned at $1.57 per share, suggesting an increase of 42.73% from the year-ago quarter. It is estimated to report revenues of $14.92 billion, which suggests an increase of approximately 19.5% from the year-ago has a Zacks Rank #3 and an Earnings ESP of +20.1% at present. Ciena is slated to report the second quarter of fiscal 2025 results on June 5. CIEN's earnings beat the Zacks Consensus Estimate for earnings in three of the trailing four quarters, missing the same on one occasion, delivering an earnings surprise of 40.14%, on average. The Zacks Consensus Estimate for second-quarter earnings is pegged at 52 cents per share, suggesting a whopping increase of 92.59% from the year-ago quarter. Ciena's quarterly revenues are estimated to increase 20.27% year over year to $1.1 Resorts carries a Zacks Rank #3 and has an Earnings ESP of +1.87%. The company is scheduled to report third-quarter fiscal 2025 results on June 5. Its earnings surpassed the Zacks Consensus Estimate twice in the trailing four quarters, while missing the same on two occasions, the average surprise being 0.37%.The Zacks Consensus Estimate for MTN's third-quarter earnings is pegged at $10 per share, indicating a year-over-year increase of 4.82%. The consensus mark for revenues is pegged at $1.3 billion, suggesting a year-over-year rise of 1.51%. 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 Ciena Corporation (CIEN) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Vail Resorts, Inc. (MTN) : Free Stock Analysis Report Hewlett Packard Enterprise Company (HPE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
3 hours ago
- Yahoo
Is Broadcom Stock a Smart Buy Before Q2 Earnings Report?
Broadcom AVGO is set to report its second-quarter fiscal 2025 results on June second-quarter fiscal 2025, AVGO expects revenues of $14.9 billion. The Zacks Consensus Estimate for revenues is pegged at $14.92 billion, suggesting growth of 19.5% from the year-ago quarter's reported consensus mark for earnings has been unchanged at $1.57 per share over the past 30 days, indicating 42.73% growth from the figure reported in the year-ago earnings beat the Zacks Consensus Estimate in all the trailing four quarters, the average earnings surprise being 3.44%. (Find the latest EPS estimates and surprises on Zacks Earnings Calendar.) Broadcom Inc. price-eps-surprise | Broadcom Inc. Quote Let us see how things have shaped up for AVGO shares prior to this announcement. Broadcom's fiscal second-quarter performance is expected to have benefited from its expanding AI offerings. AI revenues are anticipated to jump 44% year over year to $4.1 billion. Aggressive investments by hyperscaler partners on high-performance accelerators, as well as on AI data centers, are expected to have benefited AVGO's performance in the to-be-reported expects semiconductor revenues to climb 2% sequentially and 17% year over year to $8.4 billion. Infrastructure Software revenues are expected to grow 23% year over year to $6.5 billion. VMware's annual booking value is expected to surpass $3 Zacks Consensus Estimate for fiscal second-quarter Semiconductor Solutions revenues is pegged at $8.42 billion, indicating 17% year-over-year growth. The consensus mark for Infrastructure Software revenues is pegged at $6.51 billion, indicating 23.1% year-over-year results at VMware are expected to have driven top-line growth. Broadcom's focus on shifting VMware products to a subscription-based model (60% completed at the end of the first quarter of fiscal 2025) and growing adoption of VMware Cloud Foundation (VCF) is expected to have driven top-line growth in the to-be-reported quarter. Strong adoption of VMware Private AI Foundation is driving growth. Broadcom, in collaboration with NVIDIA NVDA, had 39 enterprise customers at the end of the fiscal first expects an adjusted EBITDA margin of 66% in the to-be-reported quarter. AVGO shares have returned 7.3% year to date, outperforming the broader Zacks Computer and Technology sector's drop of 1.1% and the Zacks Electronics - Semiconductors industry's appreciation of 1.1%. Image Source: Zacks Investment Research The AVGO stock is not so cheap, as the Value Score of D suggests a stretched valuation at this terms of the forward 12-month price/sales ratio, Broadcom shares are trading at 17.13X, higher than its median of 13.72X and the sector's 6.36X. Image Source: Zacks Investment Research AVGO's long-term prospects are expected to benefit from the growing demand for AI infrastructure. A solid portfolio is helping expand clientele that includes Alphabet GOOGL and Meta Platforms META. Its strong partner base, including NVIDIA, Microsoft, Arista Networks, Dell Technologies, Juniper and Supermicro, has been a key demand for Broadcom's application-specific integrated chips (ASICs), designed to support AI and machine learning and make these tasks more efficient, aids top-line growth. Alphabet and Meta Platforms are notable users of Broadcom's acquisition of VMware has benefited Infrastructure software solutions. Since closing the acquisition, AVGO added more than 70% of its largest 10,000 customers to VCF, which enables enterprises to deploy private cloud environments sees massive opportunities in the AI space as specific hyperscalers have started to develop their XPUs. Per the company, each of AVGO's three hyperscalers plans to deploy 1 million XPU clusters across a single fabric by 2027. Serviceable Addressable Market for XPUs and networks is expected to be between $60 billion and $90 billion for fiscal 2027 focus on reducing its debt is noteworthy. The company paid off $1.1 billion of debt in the first quarter of fiscal 2025. AVGO's strong cash flow-generating ability is expected to help the company sustain its dividend payout, as well as lower its debt level simultaneously. Broadcom's strong portfolio, along with an expanding partner base, reflects solid top-line growth potential over the long run. We believe that these factors justify the premium currently has a Zacks Rank #2 (Buy), suggesting that it is the right time to buy the stock ahead of the second-quarter fiscal 2025 results. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. 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 NVIDIA Corporation (NVDA) : Free Stock Analysis Report Broadcom Inc. (AVGO) : Free Stock Analysis Report Alphabet Inc. (GOOGL) : Free Stock Analysis Report Meta Platforms, Inc. (META) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
3 hours ago
- Yahoo
Smucker (SJM) Expected to Beat Earnings Estimates: What to Know Ahead of Q4 Release
Wall Street expects a year-over-year decline in earnings on lower revenues when Smucker (SJM) reports results for the quarter ended April 2025. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. The stock might move higher if these key numbers top expectations in the upcoming earnings report, which is expected to be released on June 10. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. This food maker is expected to post quarterly earnings of $2.25 per share in its upcoming report, which represents a year-over-year change of -15.4%. Revenues are expected to be $2.19 billion, down 0.8% from the year-ago quarter. The consensus EPS estimate for the quarter has been revised 0.09% higher over the last 30 days to the current level. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). For Smucker, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +0.30%. On the other hand, the stock currently carries a Zacks Rank of #3. So, this combination indicates that Smucker will most likely beat the consensus EPS estimate. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Smucker would post earnings of $2.37 per share when it actually produced earnings of $2.61, delivering a surprise of +10.13%. Over the last four quarters, the company has beaten consensus EPS estimates four times. An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Smucker appears a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. 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 J. M. Smucker Company (SJM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
