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3 hours ago
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Comfort Systems (FIX) Advances While Market Declines: Some Information for Investors
In the latest trading session, Comfort Systems (FIX) closed at $499.13, marking a +0.1% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.53%. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 0.83%. Heading into today, shares of the heating, ventilation and air conditioning company had gained 15.38% over the past month, outpacing the Construction sector's gain of 3.1% and the S&P 500's gain of 5.17% in that time. Analysts and investors alike will be keeping a close eye on the performance of Comfort Systems in its upcoming earnings disclosure. On that day, Comfort Systems is projected to report earnings of $4.44 per share, which would represent year-over-year growth of 18.72%. In the meantime, our current consensus estimate forecasts the revenue to be $1.92 billion, indicating a 6.06% growth compared to the corresponding quarter of the prior year. FIX's full-year Zacks Consensus Estimates are calling for earnings of $18.93 per share and revenue of $7.65 billion. These results would represent year-over-year changes of +29.66% and +8.83%, respectively. It is also important to note the recent changes to analyst estimates for Comfort Systems. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 1.72% higher. At present, Comfort Systems boasts a Zacks Rank of #2 (Buy). Looking at valuation, Comfort Systems is presently trading at a Forward P/E ratio of 26.35. This expresses a discount compared to the average Forward P/E of 31.36 of its industry. The Building Products - Air Conditioner and Heating industry is part of the Construction sector. This group has a Zacks Industry Rank of 71, putting it in the top 29% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 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 Comfort Systems USA, Inc. (FIX) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
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3 hours ago
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Ardmore Shipping (ASC) Stock Moves -0.36%: What You Should Know
In the latest market close, Ardmore Shipping (ASC) reached $9.67, with a -0.36% movement compared to the previous day. The stock's change was more than the S&P 500's daily loss of 0.53%. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq depreciated by 0.83%. Shares of the shipping company have depreciated by 0.31% over the course of the past month, underperforming the Transportation sector's gain of 4.87% and the S&P 500's gain of 5.17%. The upcoming earnings release of Ardmore Shipping will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.24, reflecting a 78.76% decrease from the same quarter last year. Our most recent consensus estimate is calling for quarterly revenue of $44.45 million, down 48.68% from the year-ago period. For the full year, the Zacks Consensus Estimates are projecting earnings of $1.17 per share and revenue of $180.69 million, which would represent changes of -58.8% and -33.85%, respectively, from the prior year. Investors should also take note of any recent adjustments to analyst estimates for Ardmore Shipping. 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 32.96% increase. Ardmore Shipping is currently a Zacks Rank #3 (Hold). Investors should also note Ardmore Shipping's current valuation metrics, including its Forward P/E ratio of 8.29. This represents a discount compared to its industry's average Forward P/E of 8.89. The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 170, which puts it in the bottom 31% of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. 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 Ardmore Shipping Corporation (ASC) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
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3 hours ago
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Allstate (ALL) Stock Moves -0.2%: What You Should Know
In the latest market close, Allstate (ALL) reached $206.39, with a -0.2% movement compared to the previous day. This change was narrower than the S&P 500's daily loss of 0.53%. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq depreciated by 0.83%. The insurer's stock has climbed by 1.33% in the past month, falling short of the Finance sector's gain of 3.08% and the S&P 500's gain of 5.17%. The investment community will be paying close attention to the earnings performance of Allstate in its upcoming release. On that day, Allstate is projected to report earnings of $3.20 per share, which would represent year-over-year growth of 98.76%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $17.29 billion, up 9.29% from the year-ago period. For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $18.20 per share and a revenue of $69.19 billion, representing changes of -0.66% and +7.55%, respectively, from the prior year. Investors might also notice recent changes to analyst estimates for Allstate. Such recent modifications usually signify the changing landscape 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. Within the past 30 days, our consensus EPS projection has moved 2.07% higher. Currently, Allstate is carrying a Zacks Rank of #3 (Hold). In terms of valuation, Allstate is presently being traded at a Forward P/E ratio of 11.36. This expresses a discount compared to the average Forward P/E of 11.98 of its industry. We can also see that ALL currently has a PEG ratio of 1.08. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Insurance - Property and Casualty industry currently had an average PEG ratio of 2.75 as of yesterday's close. The Insurance - Property and Casualty industry is part of the Finance sector. At present, this industry carries a Zacks Industry Rank of 54, placing it within the top 22% of over 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. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. 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 Allstate Corporation (ALL) : 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
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10 hours ago
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AppFolio (APPF) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, AppFolio (APPF) closed at $215.80, marking a -1.01% move from the previous day. The stock trailed the S&P 500, which registered a daily loss of 0.53%. Elsewhere, the Dow saw a downswing of 0.26%, while the tech-heavy Nasdaq depreciated by 0.83%. Shares of the property management software maker have appreciated by 1.63% over the course of the past month, underperforming the Computer and Technology sector's gain of 8.67% and the S&P 500's gain of 5.17%. Investors will be eagerly watching for the performance of AppFolio in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.28, indicating a 14.29% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $230.3 million, up 16.68% from the year-ago period. Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.21 per share and revenue of $930.84 million. These totals would mark changes of +19.22% and +17.2%, respectively, from last year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for AppFolio. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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 varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. AppFolio currently has a Zacks Rank of #4 (Sell). In the context of valuation, AppFolio is at present trading with a Forward P/E ratio of 41.88. Its industry sports an average Forward P/E of 29.65, so one might conclude that AppFolio is trading at a premium comparatively. The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 55, putting it in the top 23% 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 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 AppFolio, Inc. (APPF) : 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
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10 hours ago
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Western Digital (WDC) Rises As Market Takes a Dip: Key Facts
The latest trading session saw Western Digital (WDC) ending at $55.05, denoting a +1.14% adjustment from its last day's close. The stock outpaced the S&P 500's daily loss of 0.53%. On the other hand, the Dow registered a loss of 0.26%, and the technology-centric Nasdaq decreased by 0.83%. Shares of the maker of hard drives for businesses and personal computers have appreciated by 22.87% over the course of the past month, outperforming the Computer and Technology sector's gain of 8.67% and the S&P 500's gain of 5.17%. The investment community will be closely monitoring the performance of Western Digital in its forthcoming earnings report. On that day, Western Digital is projected to report earnings of $1.47 per share, which would represent year-over-year growth of 2.08%. Alongside, our most recent consensus estimate is anticipating revenue of $2.45 billion, indicating a 34.79% downward movement from the same quarter last year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.73 per share and a revenue of $9.37 billion, signifying shifts of +2465% and -27.95%, respectively, from the last year. Investors should also take note of any recent adjustments to analyst estimates for Western Digital. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability. Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.18% higher within the past month. At present, Western Digital boasts a Zacks Rank of #5 (Strong Sell). Looking at its valuation, Western Digital is holding a Forward P/E ratio of 11.5. This signifies a discount in comparison to the average Forward P/E of 13.45 for its industry. The Computer- Storage Devices industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 178, this industry ranks in the bottom 28% of all industries, numbering over 250. The Zacks Industry Rank is ordered 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 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 Western Digital Corporation (WDC) : 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
