Zoox refreshed its robotaxi and said it's prepared to produce up to 100 vehicles a week. Zoox Amazon's Zoox is getting ready to ramp up vehicle production with a newly refreshed robotaxi design as the company seeks to expand its service areas in the US.
Zoox unveiled several tweaks to its purpose-built robotaxi on Wednesday, including changes to the interior color, more ergonomic seats, larger cupholders, a more vivid touchscreen, and two-way audio capabilities designed to improve communication with riders and first responders.
Zoox said it can produce up to 100 of the newly updated robotaxis a week to support its expansion plans for this year, pending regulatory approval.
A spokesperson for Zoox said the regulatory approval refers to a pending petition with the National Highway Traffic Safety Administration. The petition seeks a temporary exemption from some federal safety standards that assume a vehicle has a human driver and traditional driving controls.
The core robotaxi design remains unchanged. Zoox said the updates are designed to make rides feel calmer and more intuitive as it prepares to put more vehicles on the road.
The lighter interior color scheme is meant to reduce "visual distractions" and make it easier for riders to spot items left behind, such as phones or keys, Zoox said.
Zoox updated the interior to include a lighter color scheme, more ergonomic seats, and other adjustments. Zoox "These robotaxis will join the fleet across our markets and become available to riders later this year as they come off the production line," Zoox said.
The company said in its announcement that the updated vehicle is its production-intent robotaxi and will be built at its Hayward, California, factory.
Business Insider previously reported that Zoox's 220,000-square-foot factory can produce more than 10,000 vehicles a year.
A Zoox spokesperson told Business Insider that the company does not need to build 10,000 robotaxis at the moment.
"We are ramping production in a deliberate, phased manner to safely meet the strong consumer demand and regulatory requirements," the spokesperson said.
Zoox provides free robotaxi rides to the public in limited parts of Las Vegas and San Francisco as the company continues to collect rider feedback.
The company said that it plans to expand to Austin and Miami later this year.
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Nike (NKE - Free Report) ended the recent trading session at $41.82, demonstrating a -1.32% change from the preceding day's closing price. This change lagged the S&P 500's 0.1% loss on the day. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.43%.
The stock of athletic apparel maker has fallen by 5.7% in the past month, lagging the Consumer Discretionary sector's loss of 1.78% and the S&P 500's loss of 1.34%.
The investment community will be paying close attention to the earnings performance of Nike in its upcoming release. The company is slated to reveal its earnings on June 30, 2026. The company's earnings per share (EPS) are projected to be $0.11, reflecting a 21.43% decrease from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $10.88 billion, showing a 1.98% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $1.49 per share and a revenue of $46.33 billion, demonstrating changes of -31.02% and +0.05%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Nike. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
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 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 has remained steady. As of now, Nike holds a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Nike is presently being traded at a Forward P/E ratio of 22.89. For comparison, its industry has an average Forward P/E of 13.86, which means Nike is trading at a premium to the group.
It's also important to note that NKE currently trades at a PEG ratio of 1.83. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As the market closed yesterday, the Shoes and Retail Apparel industry was having an average PEG ratio of 1.77.
The Shoes and Retail Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 110, placing it within the top 46% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.
AT&T (T - Free Report) closed at $22.35 in the latest trading session, marking a -2.04% move from the prior day. The stock fell short of the S&P 500, which registered a loss of 0.1% for the day. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%.
The telecommunications company's shares have seen a decrease of 8.83% over the last month, not keeping up with the Computer and Technology sector's loss of 2.15% and the S&P 500's loss of 1.34%.
Investors will be eagerly watching for the performance of AT&T in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 22, 2026. In that report, analysts expect AT&T to post earnings of $0.59 per share. This would mark year-over-year growth of 9.26%. Our most recent consensus estimate is calling for quarterly revenue of $31.99 billion, up 3.71% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.3 per share and revenue of $129.78 billion. These totals would mark changes of +8.49% and +3.29%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for AT&T. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Within the past 30 days, our consensus EPS projection remained stagnant. At present, AT&T boasts a Zacks Rank of #3 (Hold).
In terms of valuation, AT&T is currently trading at a Forward P/E ratio of 9.9. Its industry sports an average Forward P/E of 11.36, so one might conclude that AT&T is trading at a discount comparatively.
Meanwhile, T's PEG ratio is currently 0.95. 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. Wireless National stocks are, on average, holding a PEG ratio of 1.11 based on yesterday's closing prices.
The Wireless National industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 177, which puts it in the bottom 28% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow T in the coming trading sessions, be sure to utilize Zacks.com.
Shares of streaming giant Netflix (NFLX 1.37%) have had a brutal year. The stock peaked near $134 in the middle of 2025, and it has since fallen roughly 46% to about $72 as of this writing, recently touching a fresh 52-week low. For a name that was one of the market's standout performers just a year ago, that is a stunning reversal.
So, is the beaten-down stock finally a buy? With the stock down and second-quarter results scheduled to be released July 16, this is a timely question worth consideration.
Image source: Getty Images.
What knocked Netflix stock down Netflix's slide hasn't come from one bad headline so much as a steady stream of them.
Early this year, the company's agreement to acquire Warner Bros. from Warner Bros. Discovery fell apart when Netflix declined to top a higher rival bid. Though Netflix did walk away with a $2.8 billion termination fee. Around the same time, co-founder Reed Hastings stepped down as chairman at the June 4 annual meeting, closing out a nearly three-decade run.
The bigger blow came with first-quarter results on April 16. The quarter itself was strong. Revenue rose 16% year over year to $12.25 billion, and operating margin widened to 32.3% from 31.7% a year earlier. But after that solid start, management left its full-year 2026 outlook unchanged, still calling for revenue of $50.7 billion to $51.7 billion (12% to 14% growth) and an operating margin of 31.5%. For a stock that had climbed into the report, simply holding the line on its full-year revenue forecast was enough to trigger a sell-off.
Management also guided for second-quarter operating margin to step down about 1.5 points from the year-ago quarter, as content costs are anticipated to land heavily in the first half of the year before easing in the back half.
And then there's the more recent headline about media giant Fox agreeing to acquire the streaming platform and service provider Roku. Netflix was reportedly one of the bidders for Roku.
Some investors may interpret Netflix's recent interest in acquisitions as a sign that it needs to acquire other companies in order to remain competitive.
Is the sell-off a buying opportunity? Step back from the noise, and the underlying business looks healthy.
Netflix's advertising revenue grew more than 2.5 times in 2025 to over $1.5 billion, and management expects it to roughly double again this year to about $3 billion. In markets where the ad tier is available, more than 60% of new sign-ups now choose it. The company also raised its full-year free cash flow forecast to about $12.5 billion and has resumed buying back stock after pausing during the Warner pursuit.
Then there's the valuation. At about $72, Netflix trades at about 23 times analysts' consensus forecast for its earnings per share this year -- the cheapest the stock has looked in years.
Today's Change
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71.82
With this said, there's good reason for investors to be cautious. Revenue growth appears to be slowing -- from 16% in 2025 toward a guided 12% to 14% this year. And competition across streaming isn't letting up, making a big content budget a necessity to keep growing.
Still, for the first time in a while, the price looks reasonable. But I still wouldn't call the stock a bargain, and there's no guarantee we've found the bottom.
But for long-term investors who have wanted to own the streaming leader and balked at its premium, a price near a 52-week low -- on a business still growing revenue in the mid-teens and doubling its ad sales -- looks like one of the more reasonable entry points Netflix has offered in years.
Mastercard: Steady Revenue TrajectoryMastercard (MA +1.21%) primarily generates its revenue by providing global transaction processing and a wide array of payment solutions to individual account holders, merchants, and financial institutions.
While it recently announced plans to reduce its global workforce by approximately 4%, it reported 46% net income margin for the quarter ended March 31, 2026.
Visa: Maintaining a Revenue LeadVisa (V +1.17%) earns the majority of its revenue by enabling the secure and efficient digital transfer of funds among consumers, retail businesses, and banking institutions around the world.
It entered into a strategic partnership with OpenAI to explore artificial intelligence in commerce, and it recorded approximately 64% EBIT margin for the quarter ended March 31, 2026.
Why Revenue Matters for Retail InvestorsRevenue serves as a gauge to help investors understand the total amount of money a business brings in before deducting any operational expenses. Understanding this top-line figure helps retail investors measure how effectively a business generates sales over time.
Quarterly Revenue for Mastercard and VisaQuarter (Period End)Mastercard RevenueVisa RevenueQ2 2024 (June 2024)$7.0 billion$8.9 billionQ3 2024 (Sept. 2024)$7.4 billion$9.6 billionQ4 2024 (Dec. 2024)$7.5 billion$9.5 billionQ1 2025 (March 2025)$7.3 billion$9.6 billionQ2 2025 (June 2025)$8.1 billion$10.2 billionQ3 2025 (Sept. 2025)$8.6 billion$10.7 billionQ4 2025 (Dec. 2025)$8.8 billion$10.9 billionQ1 2026 (March 2026)$8.4 billion$11.2 billionData source: Company filings. Data as of June 23, 2026.
Foolish TakeComparing revenue trends between Mastercard and Visa surfaces the unique quirks of their businesses. Visa experienced steady quarter-over-quarter sales growth in the past year. Over the same timeframe, Mastercard’s revenue expanded on a year-over-year basis, but saw uneven growth from quarter to quarter. The reason behind this is that Visa’s income relies heavily on payment processing transactions while Mastercard depends more on cross-border travel, which is not as consistent.
Both companies have seen revenue growth over time, given transaction fees automatically scale with global consumer spending. This doesn’t necessarily mean consumers are buying more. Part of the rising revenue is a sign that inflation has caused prices to increase, and since Visa and Mastercard’s fees are a percentage of every transaction, higher prices equate to more revenue.
Visa’s sales are larger than its rival’s because it has a greater market share of payment processing volume. That said, as digital payments continue to grow, both are poised to benefit for years to come.
Robert Izquierdo has no position in any of the stocks mentioned. The Motley Fool has positions in and recommends Mastercard and Visa. The Motley Fool has a disclosure policy.
Visa (V - Free Report) ended the recent trading session at $332.23, demonstrating a +1.14% change from the preceding day's closing price. The stock outpaced the S&P 500's daily loss of 0.1%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.43%.
Heading into today, shares of the global payments processor had gained 0.61% over the past month, outpacing the Business Services sector's loss of 2.53% and the S&P 500's loss of 1.34%.
Analysts and investors alike will be keeping a close eye on the performance of Visa in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.21, reflecting a 7.72% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $11.35 billion, indicating a 11.59% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $13.09 per share and revenue of $45.35 billion, which would represent changes of +14.12% and +13.38%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Visa. 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 business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term 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, there's been a 0% rise in the Zacks Consensus EPS estimate. Visa is currently sporting a Zacks Rank of #3 (Hold).
Looking at valuation, Visa is presently trading at a Forward P/E ratio of 25.09. This denotes a premium relative to the industry average Forward P/E of 10.21.
It is also worth noting that V currently has a PEG ratio of 1.75. 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 Financial Transaction Services industry currently had an average PEG ratio of 0.75 as of yesterday's close.
The Financial Transaction Services industry is part of the Business Services sector. With its current Zacks Industry Rank of 78, this industry ranks in the top 32% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
In the latest trading session, Exxon Mobil (XOM - Free Report) closed at $136.90, marking a -2.03% move from the previous day. This change lagged the S&P 500's 0.1% loss on the day. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%.
The stock of oil and natural gas company has fallen by 6.73% in the past month, leading the Oils-Energy sector's loss of 7.58% and undershooting the S&P 500's loss of 1.34%.
The investment community will be paying close attention to the earnings performance of Exxon Mobil in its upcoming release. The company is expected to report EPS of $3.96, up 141.46% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $97.91 billion, up 20.12% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $11.86 per share and a revenue of $392.6 billion, representing changes of +69.67% and +18.17%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Exxon Mobil. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 3.24% higher within the past month. At present, Exxon Mobil boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, Exxon Mobil is currently exchanging hands at a Forward P/E ratio of 11.78. This represents a premium compared to its industry average Forward P/E of 7.33.
It's also important to note that XOM currently trades at a PEG ratio of 0.59. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.53 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 56, placing it within the top 23% 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 Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Ford Motor Company (F - Free Report) closed at $13.84 in the latest trading session, marking a -1.14% move from the prior day. This change lagged the S&P 500's daily loss of 0.1%. At the same time, the Dow added 0.35%, and the tech-heavy Nasdaq lost 0.43%.
Prior to today's trading, shares of the company had lost 8.62% lagged the Auto-Tires-Trucks sector's loss of 7.98% and the S&P 500's loss of 1.34%.
Market participants will be closely following the financial results of Ford Motor Company in its upcoming release. It is anticipated that the company will report an EPS of $0.35, marking a 5.41% fall compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $45.44 billion, down 3.21% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.64 per share and a revenue of $175.77 billion, representing changes of +50.46% and +0.99%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Ford Motor Company. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, 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 past month, there's been a 2.61% rise in the Zacks Consensus EPS estimate. Ford Motor Company is currently a Zacks Rank #3 (Hold).
Looking at its valuation, Ford Motor Company is holding a Forward P/E ratio of 8.55. This expresses a discount compared to the average Forward P/E of 20.03 of its industry.
Meanwhile, F's PEG ratio is currently 0.31. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Automotive - Domestic industry had an average PEG ratio of 0.96.
The Automotive - Domestic industry is part of the Auto-Tires-Trucks sector. With its current Zacks Industry Rank of 164, this industry ranks in the bottom 33% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.
The GM logo is displayed at the General Motors headquarters in Detroit, Michigan, U.S., January 12, 2026. REUTERS/Rebecca Cook/File Photo Purchase Licensing Rights, opens new tab
CompaniesSAO PAULO, June 24 (Reuters) - General Motors (GM.N), opens new tab announced on Wednesday it would invest an extra 3.5 billion reais ($674.88 million) in Brazil, expanding its commitment to the country's auto industry by 50% and supporting production of hybrid vehicles and factory modernization.
The new amount adds to 7 billion reais announced in 2024, bringing GM's total planned investment to 10.5 billion reais until 2028, it said in a statement.
The investment will go mainly to the company's operations in Sao Paulo state, the most populated and wealthiest in the country.
It will support Chevrolet portfolio renewal, incorporation of new technologies including hybrid models, factory modernization and expansion of engineering and manufacturing capabilities.
The initiative will also contribute to generating qualified jobs and strengthening the competitiveness of Brazil's auto industry, the company said.
($1 = 5.1861 reais)
Stay up to date with the latest news, trends and innovations that are driving the global automotive industry with the Reuters Auto File newsletter. Sign up here.
Reporting by Paula Laier and Fernando Cardoso; Editing by Sonali Paul
Our Standards: The Thomson Reuters Trust Principles., opens new tab
GE Aerospace (GE - Free Report) closed at $365.88 in the latest trading session, marking a +2.64% move from the prior day. This move outpaced the S&P 500's daily loss of 0.1%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.43%.
Shares of the industrial conglomerate have appreciated by 13.35% over the course of the past month, outperforming the Aerospace sector's gain of 3.09%, and the S&P 500's loss of 1.34%.
The investment community will be closely monitoring the performance of GE Aerospace in its forthcoming earnings report. The company is scheduled to release its earnings on July 16, 2026. The company's upcoming EPS is projected at $1.86, signifying a 12.05% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $11.84 billion, showing a 16.64% escalation compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.48 per share and a revenue of $48.75 billion, signifying shifts of +17.43% and +15.18%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for GE Aerospace. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.2% higher. At present, GE Aerospace boasts a Zacks Rank of #3 (Hold).
In terms of valuation, GE Aerospace is currently trading at a Forward P/E ratio of 47.67. This signifies a premium in comparison to the average Forward P/E of 25.43 for its industry.
One should further note that GE currently holds a PEG ratio of 3.16. 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 Aerospace - Defense industry currently had an average PEG ratio of 1.48 as of yesterday's close.
The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 110, putting it in the top 46% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
In the latest trading session, Verizon Communications (VZ - Free Report) closed at $45.74, marking a -2.13% move from the previous day. This move lagged the S&P 500's daily loss of 0.1%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.43%.
Shares of the largest U.S. cellphone carrier witnessed a loss of 3.63% over the previous month, trailing the performance of the Computer and Technology sector with its loss of 2.15%, and the S&P 500's loss of 1.34%.
Investors will be eagerly watching for the performance of Verizon Communications in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on July 24, 2026. The company's upcoming EPS is projected at $1.27, signifying a 4.10% increase compared to the same quarter of the previous year. Meanwhile, our latest consensus estimate is calling for revenue of $35.41 billion, up 2.62% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.96 per share and revenue of $142.7 billion, indicating changes of +5.31% and +3.26%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Verizon Communications. 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 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, 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. Within the past 30 days, our consensus EPS projection has moved 0.06% higher. At present, Verizon Communications boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Verizon Communications has a Forward P/E ratio of 9.41 right now. This signifies a discount in comparison to the average Forward P/E of 11.36 for its industry.
It is also worth noting that VZ currently has a PEG ratio of 1.14. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Wireless National industry held an average PEG ratio of 1.11.
The Wireless National industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 177, putting it in the bottom 28% 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.
Women's sports is no longer a niche opportunity. At Cannes Lions, Brian Sozzi sits down with F1 Academy Managing Director Susie Wolff and PepsiCo Chief Consumer and Marketing Officer Jane Wakely to discuss the growth of women's sports, the future of Formula One, and why brands are investing in female athletes like never before.
Novavax (NVAX - Free Report) closed at $8.90 in the latest trading session, marking a -1.17% move from the prior day. This change lagged the S&P 500's 0.1% loss on the day. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.43%.
The stock of vaccine maker has fallen by 13.96% in the past month, lagging the Medical sector's gain of 1.97% and the S&P 500's loss of 1.34%.
Investors will be eagerly watching for the performance of Novavax in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.36, marking a 158.06% fall compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $50.04 million, indicating a 79.08% downward movement from the same quarter last year.
NVAX's full-year Zacks Consensus Estimates are calling for earnings of -$0.19 per share and revenue of $371.85 million. These results would represent year-over-year changes of -107.36% and -66.9%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Novavax. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
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, 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 an unchanged state. Currently, Novavax is carrying a Zacks Rank of #3 (Hold).
The Medical - Biomedical and Genetics industry is part of the Medical sector. With its current Zacks Industry Rank of 158, this industry ranks in the bottom 36% of all industries, numbering over 250.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow NVAX in the coming trading sessions, be sure to utilize Zacks.com.
Warren Buffett, at the helm of Berkshire Hathaway for six decades, constructed a long track record of investing success. And that's why investors have continually looked to him for inspiration. The Oracle of Omaha, as he's often called, led the Berkshire Hathaway portfolio to market-beating gains, delivering a compounded annual gain of nearly 20%. That's compared to the S&P 500's 10% compounded annual increase over that time period.
Of course, the portfolio hasn't looked exactly the same every year as Buffett bought and sold various stocks. But the billionaire, known for long-term investing, has held certain companies for many years -- and even decades. Buffett earlier this year handed his chief executive officer role off to Greg Abel, but as chairman, he still remains involved in the holding company.
Let's check out three of Buffett's favorites: They're worth owning for a lifetime.
Image source: The Motley Fool.
1. Coca-Cola Warren Buffett, in his 1988 letter to shareholders, wrote about his recent purchase of Coca-Cola (KO +0.36%), saying he planned to hold onto the shares for "a long time" and that when he finds a good business, "our favorite holding period is forever." Buffett followed through on the plan as the Berkshire Hathaway portfolio still holds Coca-Cola shares, and they remain among the top positions as of the end of the first quarter -- in the third spot, to be exact.
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Buffett surely likes Coca-Cola for two clear reasons: the company's solid moat, or competitive advantage, and its dividend payments. Coca-Cola's brand strength, as well as its deep distribution network, has kept the company in the lead year after year. Meanwhile, the company is a Dividend King, having increased its dividend payments for more than 50 consecutive years.
So, when you hold Coca-Cola shares, you'll benefit from steady earnings growth as well as passive income that's likely to increase over time.
2. American Express American Express (AXP +1.40%) is another stock Buffett bought many years ago -- and it now is the second-biggest position in the Berkshire Hathaway portfolio. This leading payment card company has demonstrated strength over time, even in tough economic conditions. Since American Express generally serves high-income individuals and households, it's less vulnerable to economic downturns.
This has helped the company increase earnings over time, and in recent quarters, American Express is showing that it has what it takes to keep this strength going: It's seeing significant growth in younger customers. In the latest quarter, for example, 66% of global new customer accounts were from Millennial and Gen Z customers.
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American Express is also a fantastic dividend stock, and its free cash flow level shows that it has the financial strength to continue along this path.
AXP Free Cash Flow data by YCharts
3. Apple Finally, I'll talk about the No. 1 stock in Buffett's portfolio. He hasn't held it as long as Coca-Cola and American Express, but it still is clearly a long-term holding. And this is Apple (AAPL 0.43%), a stock Buffett originally bought in 2016.
Generally, Buffett doesn't invest in technology companies, but he makes exceptions when he finds a particularly well-run business with a fantastic moat. And this is the case with Apple. Buffett has publicly praised Apple chief Tim Cook for his accomplishments and for making Apple a great investment for Berkshire Hathaway.
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But this growth story isn't over. The leadership Apple has built in the smartphone market and across devices, such as tablets, should keep paying off. And part of that may be due to the large installed base of active devices, at more than 2.5 billion today. These customers not only have purchased an Apple product, but they now are offering the company a recurrent stream of revenue.
This is through services, from digital entertainment to storage. Services revenue has exploded higher, reaching record levels quarter after quarter. All of this makes Apple a stock to hold onto for Buffett's favorite holding period: forever.
American Express (AXP - Free Report) closed at $342.56 in the latest trading session, marking a +1.42% move from the prior day. The stock's change was more than the S&P 500's daily loss of 0.1%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.43%.
Coming into today, shares of the credit card issuer and global payments company had gained 8.71% in the past month. In that same time, the Finance sector gained 2.81%, while the S&P 500 lost 1.34%.
Market participants will be closely following the financial results of American Express in its upcoming release. The company plans to announce its earnings on July 24, 2026. The company is expected to report EPS of $4.39, up 7.6% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $19.62 billion, reflecting a 9.86% rise from the equivalent quarter last year.
AXP's full-year Zacks Consensus Estimates are calling for earnings of $17.64 per share and revenue of $79.24 billion. These results would represent year-over-year changes of +14.69% and +9.71%, respectively.
Investors might also notice recent changes to analyst estimates for American Express. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 has moved 0.26% higher. American Express is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, American Express is holding a Forward P/E ratio of 19.15. This signifies a premium in comparison to the average Forward P/E of 10.9 for its industry.
Investors should also note that AXP has a PEG ratio of 1.39 right now. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. By the end of yesterday's trading, the Financial - Miscellaneous Services industry had an average PEG ratio of 1.07.
The Financial - Miscellaneous Services industry is part of the Finance sector. With its current Zacks Industry Rank of 154, this industry ranks in the bottom 37% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
In the latest close session, Pfizer (PFE - Free Report) was down 2.75% at $24.04. The stock trailed the S&P 500, which registered a daily loss of 0.1%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.43%.
The drugmaker's stock has dropped by 4.37% in the past month, falling short of the Medical sector's gain of 1.97% and the S&P 500's loss of 1.34%.
Market participants will be closely following the financial results of Pfizer in its upcoming release. The company plans to announce its earnings on August 4, 2026. In that report, analysts expect Pfizer to post earnings of $0.68 per share. This would mark a year-over-year decline of 12.82%. Simultaneously, our latest consensus estimate expects the revenue to be $14.4 billion, showing a 1.71% drop compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.99 per share and revenue of $61.64 billion, which would represent changes of -7.14% and -1.49%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for Pfizer. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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. Pfizer is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Pfizer has a Forward P/E ratio of 8.28 right now. Its industry sports an average Forward P/E of 15.31, so one might conclude that Pfizer is trading at a discount comparatively.
The Large Cap Pharmaceuticals industry is part of the Medical sector. This group has a Zacks Industry Rank of 94, putting it in the top 39% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
In the latest close session, Cisco Systems (CSCO - Free Report) was down 1.16% at $119.74. This change lagged the S&P 500's 0.1% loss on the day. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.43%.
The stock of seller of routers, switches, software and services has risen by 2.38% in the past month, leading the Computer and Technology sector's loss of 2.15% and the S&P 500's loss of 1.34%.
Analysts and investors alike will be keeping a close eye on the performance of Cisco Systems in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.17, signifying a 18.18% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $16.85 billion, up 14.86% from the year-ago period.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.28 per share and revenue of $62.95 billion. These totals would mark changes of +12.34% and +11.11%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Cisco Systems. 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 business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 0.45% higher within the past month. Cisco Systems currently has a Zacks Rank of #2 (Buy).
Digging into valuation, Cisco Systems currently has a Forward P/E ratio of 28.3. For comparison, its industry has an average Forward P/E of 28.01, which means Cisco Systems is trading at a premium to the group.
It's also important to note that CSCO currently trades at a PEG ratio of 2.55. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. CSCO's industry had an average PEG ratio of 2.03 as of yesterday's close.
The Computer - Networking industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 42, putting it in the top 18% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
Blue Owl Capital presents a compelling high-yield opportunity with a nearly 10% dividend, despite investor concerns about its credit business. IBM secures a bullish catalyst as the US government proposes a $1B equity stake to support its quantum computing roadmap. Quantum Computing is a speculative buy, leveraging a strong cash position and accelerating revenue in a nascent market projected at 35% CAGR.
Chevron (CVX - Free Report) closed the most recent trading day at $171.45, moving -2.57% from the previous trading session. This change lagged the S&P 500's 0.1% loss on the day. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%.
The stock of oil company has fallen by 4.73% in the past month, leading the Oils-Energy sector's loss of 7.58% and undershooting the S&P 500's loss of 1.34%.
The investment community will be closely monitoring the performance of Chevron in its forthcoming earnings report. The company's upcoming EPS is projected at $6.23, signifying a 251.98% increase compared to the same quarter of the previous year. Meanwhile, the latest consensus estimate predicts the revenue to be $58.23 billion, indicating a 29.91% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $15.88 per share and revenue of $221.76 billion. These totals would mark changes of +117.83% and +17.31%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Chevron. 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 business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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 a 0.92% increase. Right now, Chevron possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Chevron is currently trading at a Forward P/E ratio of 11.08. This valuation marks a premium compared to its industry average Forward P/E of 7.33.
Meanwhile, CVX's PEG ratio is currently 0.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Oil and Gas - Integrated - International industry currently had an average PEG ratio of 0.53 as of yesterday's close.
The Oil and Gas - Integrated - International industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 56, this industry ranks in the top 23% of all industries, numbering over 250.
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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
Newmont Corporation (NEM - Free Report) closed the most recent trading day at $94.04, moving -3.88% from the previous trading session. The stock's change was less than the S&P 500's daily loss of 0.1%. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.43%.
The stock of gold and copper miner has fallen by 12.34% in the past month, lagging the Basic Materials sector's loss of 3.56% and the S&P 500's loss of 1.34%.
Market participants will be closely following the financial results of Newmont Corporation in its upcoming release. The company's earnings per share (EPS) are projected to be $2.25, reflecting a 57.34% increase from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $6.19 billion, indicating a 16.38% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $9.91 per share and revenue of $27.25 billion, which would represent changes of +43.83% and +20.2%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Newmont Corporation. 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 business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, 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. Within the past 30 days, our consensus EPS projection has moved 1.93% higher. As of now, Newmont Corporation holds a Zacks Rank of #1 (Strong Buy).
Investors should also note Newmont Corporation's current valuation metrics, including its Forward P/E ratio of 9.88. For comparison, its industry has an average Forward P/E of 9.01, which means Newmont Corporation is trading at a premium to the group.
We can additionally observe that NEM currently boasts a PEG ratio of 1.62. 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 Mining - Gold was holding an average PEG ratio of 0.88 at yesterday's closing price.
The Mining - Gold industry is part of the Basic Materials sector. At present, this industry carries a Zacks Industry Rank of 167, placing it within the bottom 32% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.
In the latest trading session, Emerson Electric (EMR - Free Report) closed at $141.44, marking a -1.19% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.1% for the day. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%.
Coming into today, shares of the maker of process controls systems, valves and analytical instruments had gained 1.54% in the past month. In that same time, the Industrial Products sector gained 6.25%, while the S&P 500 lost 1.34%.
The investment community will be closely monitoring the performance of Emerson Electric in its forthcoming earnings report. The company is predicted to post an EPS of $1.68, indicating a 10.53% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $4.8 billion, indicating a 5.48% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.49 per share and a revenue of $18.81 billion, representing changes of +8.17% and +4.41%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Emerson Electric. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational 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 0.01% higher. Emerson Electric is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Emerson Electric has a Forward P/E ratio of 22.04 right now. This denotes a discount relative to the industry average Forward P/E of 22.61.
It's also important to note that EMR currently trades at a PEG ratio of 2.28. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. EMR's industry had an average PEG ratio of 1.8 as of yesterday's close.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 35% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
In the latest trading session, Dow Inc. (DOW - Free Report) closed at $29.38, marking a -3.13% move from the previous day. This move lagged the S&P 500's daily loss of 0.1%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.43%.
Shares of the materials science have depreciated by 14.03% over the course of the past month, underperforming the Basic Materials sector's loss of 3.56%, and the S&P 500's loss of 1.34%.
Analysts and investors alike will be keeping a close eye on the performance of Dow Inc. in its upcoming earnings disclosure. The company's earnings report is set to go public on July 23, 2026. The company's earnings per share (EPS) are projected to be $0.88, reflecting a 309.52% increase from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $12.16 billion, indicating a 20.36% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.61 per share and a revenue of $43.64 billion, signifying shifts of +377.66% and +9.19%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Dow Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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. Within the past 30 days, our consensus EPS projection has moved 10.29% higher. Dow Inc. is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Dow Inc. is holding a Forward P/E ratio of 11.6. This signifies a discount in comparison to the average Forward P/E of 15.94 for its industry.
One should further note that DOW currently holds a PEG ratio of 0.21. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Chemical - Diversified industry held an average PEG ratio of 1.23.
The Chemical - Diversified industry is part of the Basic Materials sector. This industry, currently bearing a Zacks Industry Rank of 97, finds itself in the top 40% echelons 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
In the latest close session, NextEra Energy (NEE - Free Report) was up +1.38% at $87.62. The stock outpaced the S&P 500's daily loss of 0.1%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.43%.
Shares of the parent company of Florida Power & Light Co. have depreciated by 1.39% over the course of the past month, underperforming the Utilities sector's loss of 0.41%, and the S&P 500's loss of 1.34%.
Analysts and investors alike will be keeping a close eye on the performance of NextEra Energy in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.13, reflecting a 7.62% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $7.97 billion, up 18.96% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $4.01 per share and a revenue of $31.89 billion, representing changes of +8.09% and +16.34%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for NextEra Energy. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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 past month, the Zacks Consensus EPS estimate has moved 0.02% higher. As of now, NextEra Energy holds a Zacks Rank of #2 (Buy).
From a valuation perspective, NextEra Energy is currently exchanging hands at a Forward P/E ratio of 21.55. This expresses a premium compared to the average Forward P/E of 18.25 of its industry.
It is also worth noting that NEE currently has a PEG ratio of 2.53. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Utility - Electric Power was holding an average PEG ratio of 2.73 at yesterday's closing price.
The Utility - Electric Power industry is part of the Utilities sector. With its current Zacks Industry Rank of 156, this industry ranks in the bottom 37% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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 NEE in the coming trading sessions, be sure to utilize Zacks.com.
LOS ANGELES--(BUSINESS WIRE)--The Schall Law Firm, a national shareholder rights litigation firm, reminds investors of a class action lawsuit against First Solar, Inc. (“First Solar” or “the Company”) (NASDAQ: FSLR) for violations of §§10(b) and 20(a) of the Securities Exchange Act of 1934 and Rule 10b-5 promulgated thereunder by the U.S. Securities and Exchange Commission.
Investors who purchased the Company’s securities between February 26, 2025 and February 24, 2026, inclusive (the “Class Period”), are encouraged to contact the firm before August 24, 2026.
If you are a shareholder who suffered a loss, click here to participate.
We also encourage you to contact Brian Schall of the Schall Law Firm, 2049 Century Park East, Suite 2460, Los Angeles, CA 90067, at 310-301-3335, to discuss your rights free of charge. You can also reach us through the firm's website at www.schallfirm.com, or by email at [email protected].
The class, in this case, has not yet been certified, and until certification occurs, you are not represented by an attorney. If you choose to take no action, you can remain an absent class member.
According to the Complaint, the Company made false and misleading statements to the market. First Solar misled investors about its ability to mitigate the impact of tariffs on its operations. The Company overstated its ability to shift operations to the United States from Malaysia and Vietnam. Based on these facts, the Company’s public statements were false and materially misleading throughout the class period. When the market learned the truth about First Solar, investors suffered damages.
Join the case to recover your losses
The Schall Law Firm represents investors around the world and specializes in securities class action lawsuits and shareholder rights litigation.
This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and rules of ethics.
DaVita HealthCare (DVA - Free Report) closed the most recent trading day at $213.04, moving +1% from the previous trading session. The stock's performance was ahead of the S&P 500's daily loss of 0.1%. Elsewhere, the Dow gained 0.35%, while the tech-heavy Nasdaq lost 0.43%.
The kidney dialysis provider's stock has climbed by 7.85% in the past month, exceeding the Medical sector's gain of 1.97% and the S&P 500's loss of 1.34%.
Market participants will be closely following the financial results of DaVita HealthCare in its upcoming release. The company's upcoming EPS is projected at $4.01, signifying a 35.93% increase compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.53 billion, up 4.53% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $15.07 per share and revenue of $14.3 billion, indicating changes of +39.8% and +4.78%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for DaVita HealthCare. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. DaVita HealthCare is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that DaVita HealthCare has a Forward P/E ratio of 14 right now. This expresses a discount compared to the average Forward P/E of 18.44 of its industry.
Also, we should mention that DVA has a PEG ratio of 0.69. 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 Medical - Outpatient and Home Healthcare industry currently had an average PEG ratio of 1.54 as of yesterday's close.
The Medical - Outpatient and Home Healthcare industry is part of the Medical sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
The media is filled with articles regarding companies that writers tout as solid investments, but there aren't nearly as many discussing which stocks the writers think would be best left untouched. Yet avoiding bad stocks is just as important to your long-term returns as buying the great ones.
In my view, there are pretty clear reasons to steer clear of Space Exploration Technologies (SPCX 0.97%), Palantir (PLTR 2.79%), and AMD (AMD 0.29%), and they all boil down to one issue: valuation. Regardless of the health of the underlying businesses behind them, all three of these stocks' run-ups have significantly outpaced their actual financial results.
Image source: Getty Images.
1. SpaceX Although SpaceX is the new hotness on the market, I think it's a stock investors should steer clear of. The reality is quite simple: SpaceX doesn't have the financials to justify a trillion-dollar market cap, let alone its current $2.1 trillion valuation. In 2025, it generated $18.7 billion in revenue. That indicates a price-to-sales ratio of 112. Generally, a stock trading at 20 to 30 times sales is viewed as overvalued. When one reaches 100 times sales, alarms should be sounding in investors' heads.
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Very few companies maintain valuations above 100 times sales for long, as stocks normally correct to more closely align with actual business results. I think such a correction could be coming for SpaceX in the months ahead, as the combination of IPO hype and an extremely small public float was bound to boost the stock during its first trading days. As lock-up periods expire in the weeks and months ahead and insiders are allowed to sell, the market will be flooded with more and more shares. That increased supply in the face of static demand could cause the stock to tumble.
SpaceX's businesses may have a bright future ahead, but far too much of that hoped-for future is already baked into the stock price.
2. Palantir Palantir has been a market darling since the artificial intelligence trend kicked off in 2023. However, over the last few months, its performance has been a bit rocky. The stock is down nearly 40% from its all-time high, and even that sell-off may not be enough to bring its valuation into alignment with its results. Palantir is generating real profits (unlike SpaceX), but it's not generating enough of them to justify its share price. It trades at 87 times forward expected earnings. That may be more reasonable than SpaceX, but it's still expensive.
PLTR PE Ratio (Forward) data by YCharts.
The company has solid AI-powered data analytics software and an impressive 85% revenue growth rate going for it. However, Palantir's stock could continue to face downward pressure because there is just too much possibly future growth priced into the stock. That makes for a dangerous investment, and I am steering clear of it as a result.
3. AMD AMD falls into the same category as Palantir; it's a solid company with a good product, but the financials and the stock price just don't match up. AMD's stock trades at 73 times forward earnings -- a slightly less lofty ratio than Palantir. But its growth rate isn't better, as its revenue rose by 38% year over year during Q1.
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Wall Street analysts expect some improvement, with revenue growth projections for 2026 and 2027 of 43% and 54%, respectively. However, why would you buy AMD over its chief rival, Nvidia (NVDA 0.93%), when Nvidia is growing much faster? Its top line increased by 85% in Q1. Nvidia also trades at a far cheaper 23.5 times forward earnings. Lastly, AMD's product lineup is inferior to Nvidia's, and Nvidia has a much larger market share in the key AI accelerator market.
With all that in mind, I think AMD is a stock to avoid. There are far better AI stock options out there.
SummaryAlbemarle Corporation remains tightly correlated to lithium carbonate price volatility, with its share price mirroring lithium’s movements.Recent rumors of CATL’s Jianxiawo mine reopening have pressured lithium prices, yet confirmation is lacking and supply-demand conditions remain relatively tight.ALB’s stock has rebounded but remains 53% below its all-time high, reflecting persistent uncertainty in lithium markets.Forward returns for ALB will hinge on lithium price direction, as new battery capacity and supply developments unfold in the coming quarters. Daniel Grinspun /iStock via Getty Images
Checking in on a US lithium major Albemarle Corporation (ALB) is a name that I've covered frequently on Seeking Alpha, with my last piece published in September of 2025 was when
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of ALB.PR.A either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Disclaimer: The information in this article is intended for general informational and educational purposes only and does not constitute financial, investment, tax, or legal advice. The views expressed are solely those of the author, based on independent research, analysis, and professional experience. Although the author is a CERTIFIED FINANCIAL PLANNER™ (CFP®) and owner of Ashcroft Green Advisors, a fee-only registered investment advisory firm, the content may not be suitable for your individual financial situation, objectives, or risk tolerance. Readers should consult with a qualified financial professional before making any decisions based on this material. The author and/or clients of Ashcroft Green Advisors may hold positions in securities discussed in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
In the latest trading session, Pinterest (PINS - Free Report) closed at $19.86, marking a +1.69% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.1%. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.43%.
Shares of the digital pinboard and shopping tool company witnessed a gain of 1.03% over the previous month, beating the performance of the Computer and Technology sector with its loss of 2.15%, and the S&P 500's loss of 1.34%.
The investment community will be paying close attention to the earnings performance of Pinterest in its upcoming release. The company's upcoming EPS is projected at $0.36, signifying a 9.09% increase compared to the same quarter of the previous year. Our most recent consensus estimate is calling for quarterly revenue of $1.15 billion, up 15.34% from the year-ago period.
PINS's full-year Zacks Consensus Estimates are calling for earnings of $1.91 per share and revenue of $4.86 billion. These results would represent year-over-year changes of +19.38% and +15.03%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Pinterest. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.23% lower. Pinterest presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Pinterest is currently trading at a Forward P/E ratio of 10.22. Its industry sports an average Forward P/E of 17.83, so one might conclude that Pinterest is trading at a discount comparatively.
One should further note that PINS currently holds a PEG ratio of 0.38. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Internet - Software stocks are, on average, holding a PEG ratio of 0.99 based on yesterday's closing prices.
The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 90, this industry ranks in the top 37% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.
Micron (MU - Free Report) came out with quarterly earnings of $25.11 per share, beating the Zacks Consensus Estimate of $21.39 per share. This compares to earnings of $1.91 per share a year ago. These figures are adjusted for non-recurring items.
This quarterly report represents an earnings surprise of +17.39%. A quarter ago, it was expected that this chipmaker would post earnings of $8.8 per share when it actually produced earnings of $12.2, delivering a surprise of +38.64%.
Over the last four quarters, the company has surpassed consensus EPS estimates four times.
Micron, which belongs to the Zacks Computer - Integrated Systems industry, posted revenues of $41.46 billion for the quarter ended May 2026, surpassing the Zacks Consensus Estimate by 12.91%. This compares to year-ago revenues of $9.3 billion. The company has topped consensus revenue estimates four times over the last four quarters.
The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.
Micron shares have added about 268.5% since the beginning of the year versus the S&P 500's gain of 7.6%.
What's Next for Micron?While Micron 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 Micron was favorable. 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 #1 (Strong Buy) for the stock. So, the shares are expected to outperform 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 the current fiscal year change in the days ahead. The current consensus EPS estimate is $24.91 on $42.64 billion in revenues for the coming quarter and $62.30 on $115.18 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, Computer - Integrated Systems is currently in the top 3% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.
Another stock from the same industry, IBM (IBM - Free Report) , has yet to report results for the quarter ended June 2026. The results are expected to be released on July 22.
This technology and consulting company is expected to post quarterly earnings of $2.96 per share in its upcoming report, which represents a year-over-year change of +5.7%. The consensus EPS estimate for the quarter has been revised 0.2% higher over the last 30 days to the current level.
IBM's revenues are expected to be $17.86 billion, up 5.2% from the year-ago quarter.
Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
For the quarter ended May 2026, Micron (MU - Free Report) reported revenue of $41.46 billion, up 345.7% over the same period last year. EPS came in at $25.11, compared to $1.91 in the year-ago quarter.
The reported revenue represents a surprise of +12.91% over the Zacks Consensus Estimate of $36.72 billion. With the consensus EPS estimate being $21.39, the EPS surprise was +17.39%.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.
Here is how Micron performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Revenue by Technology- DRAM: $31.33 billion versus $27.23 billion estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +343.1% change.Revenue by Technology- Other (primarily NOR): $185 million versus $89 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a +146.7% change.Revenue by Technology- NAND: $9.94 billion versus the five-analyst average estimate of $7.81 billion. The reported number represents a year-over-year change of +361.4%.View all Key Company Metrics for Micron here>>>
Shares of Micron have returned +17.4% over the past month versus the Zacks S&P 500 composite's -1.3% change. The stock currently has a Zacks Rank #1 (Strong Buy), indicating that it could outperform the broader market in the near term.
As Micron customers try and adjust to a new reality of constantly rising memory prices, investors in the company are enjoying historic profit margins.
Alongside its better-than-expected earnings report on Wednesday, Micron disclosed a gross margin, or the profit left after accounting for the cost of goods sold, of 84.9%, up from 74.9% in the prior period and 39% a year earlier.
That's the highest percentage among all major U.S. tech companies, topping social media giant Meta, which recorded a gross margin in the latest quarter of 81.9%, and AI chipmaker Nvidia at 75%. It's a remarkable jump in pricing power for a company that's long been viewed as producing a commodity.
"Fiscal Q3 gross margin more than doubled from a year ago and was a new company record," CFO Mark Murphy said on the earnings call.
Fresh records are coming fast and furious for Micron, as data center companies gobble up all the memory they can find to meet artificial intelligence demand. Revenue of $41.46 billion in the fiscal third quarter was up more than $20 billion from the prior period, which had been the company's highest in its 48-year history. Net income of $28.24 billion is up over 100% from the previous high, also last quarter.
As of Wednesday's close, Micron's stock is up over 700% in the past year, pushing its market cap well past $1 trillion. It was up another 14% in extended trading.
watch now
Nvidia, Advanced Micro Devices and Google need Micron's high-bandwidth memory for their powerful AI processors and surrounding systems. In addition to the rising prices those companies are having to pay due to the memory shortage, Apple and other consumer device makers face increased costs for memory components that also come from Micron and a small set of other vendors.
Apple CEO Tim Cook told the Wall Street Journal, in an interview published last week, that the iPhone maker is gong to have to lift prices to deal with a memory situation he described as "unsustainable."
Micron said on Wednesday that it's striking long-term deals called strategic customer agreements (SCAs) at price levels that would keep the company's margins high. That's a shift for an industry that typically focuses on short-term supply.
"For our SCAs with price bands, the floor price enables a very robust gross margin for Micron, well above our peak quarterly margins in any past cycle," CEO Sanjay Mehrotra said on the call.
Prior to Micron's booming margin, Nvidia was seeing unprecedented increases in profitability as its graphics processing units became the key piece of infrastructure for developing AI models. Nvidia is now the world's most valuable company, with a market cap of close to $5 trillion.
But Nvidia's gross margin peaked at around 79% in early 2024, about six percentage points below Micron's current level. Among the other megacap companies today, chipmaker Broadcom's margin sits at 69.5%, followed by Microsoft at 67.6% and Alphabet at 62.4%.
Across large-cap tech in the U.S., Micron's rival Sandisk is the company with the next-highest margin. In late April, Sandisk reported an increase in its quarterly gross margin to 78.4% from 51.1% in the prior period.
For investors wondering where Micron goes from here, the company is confident that the current economics will hold. It projected a gross margin for the fiscal fourth quarter of roughly 86%, and Murphy said the company expects "the market to remain tight beyond 2027."
Mehdi Hosseini, an analyst at Susquehanna, told CNBC's "Closing Bell Overtime" on Wednesday that it's quite a turn for an industry that's "been out of favor for 30 years since inception"
With "the memory wall playing out, customers have no choice but to pay a premium," said Hosseini, who recommends buying Micron shares.
SummaryMicron Technology, Inc. delivered a blowout fiscal Q3, with revenue up 74% sequentially and 346% year-over-year, supporting my continued bullish stance.MU's forward P/E remains low at 9.4 despite a 265% YTD price surge, as earnings growth outpaces share appreciation, fundamentally supporting the rally.Pricing power, not just volume, is driving MU's results—DRAM and NAND ASPs surged while bit shipments grew modestly, signaling a structural shift in memory economics.Strategic customer agreements, robust HBM4 ramp, and diversified end-market strength suggest the current cycle remains sustainable, though MU risks from overcrowding and future oversupply must be monitored. mesh cube/iStock via Getty Images
Executive Summary Micron Technology, Inc. (MU) delivered exactly what the market needed. It did not just beat estimates. It crushed them.
Everyone held their breath. I am not going to lie, everyone was looking at Micron’s
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Analyst’s Disclosure: I/we have a beneficial long position in the shares of MU either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.
Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.
After years of being the wallflower, Micron Technology (MU 1.32%) has taken center stage. The company's flash memory and storage chips are critical to the processing of artificial intelligence (AI), which continues to drive unrelenting demand.
Ahead of Micron's financial release after the market close on Wednesday, investors were sitting on the edge of their seats to see if there was any truth to reports of an AI slowdown. The company put those rumors to rest, delivering record revenue, gross margin, and earnings per share (EPS) -- and is poised to smash those records again next quarter.
Image source: Micron Technology.
Blockbuster results are just the beginningMicron reported the results of its fiscal 2026 third quarter (ended May 28), and both sales and profit growth were off the charts. The company generated revenue of $41.5 billion, up 346% year over year and 73% sequentially. This resulted in adjusted earnings per share (EPS) that soared more than 13 times (not a typo) to $24.67.
For context, analysts' consensus estimates were calling for revenue of $35.9 billion and EPS of $20.86, so Micron simply crushed Wall Street's expectations.
CEO Sanjay Mehrotra acknowledged the unprecedented demand, saying, "Micron’s record fiscal Q3 financial results and even stronger outlook for Q4 reflect the strategic value of memory in the AI era."
The company's cloud memory segment led the charge, as revenue of $13.7 billion surged 306% year over year. Revenue from Micron's core data center business unit jumped 653% to $11.5 billion, while revenue from its mobile and client business segment climbed 254% to $11.5 billion. Not to be outdone was the automotive and embedded segment, with revenue of $4.6 billion, up 311%.
Micron continued to enjoy significant margin expansion that fueled its record profits. The company's gross margin more than doubled, jumping 4,690 basis points to 84.6% from 37.7% in the prior-year quarter. Micron's cash generation was off the charts, as operating cash flow of $25.4 billion increased 451% year over year and adjusted free cash flow of $18.3 billion soared 839%.
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Management predicts that its growth will accelerate further. For the fourth quarter, Micron is guiding to revenue of $50 billion, representing 342% growth. The company's margin expansion is also expected to continue, climbing to 86% at the midpoint of its guidance, driving adjusted EPS of $31.00, a 10x increase. That's leagues ahead of Wall Street's expectations for revenue of $43.45 billion and EPS of $25.43.
One of the most telling pronouncements was regarding the imbalance between supply and demand (emphasis mine): "We now expect supply-demand conditions for both DRAM and NAND to remain tight beyond calendar 2027."
The company continued its quarterly dividend of $0.15 per share, payable on July 21 to shareholders of record as of July 6. Its current yield is less 0.10%, and the company is spending less than 3% of its profits to fund the dividend, so there is plenty more where that came from. Tucked away in Micron's investor presentation was this nugget: "Over time, we expect to return 100% of our excess cash to shareholders."
Yet even in the face of these blistering results, the stock is still remarkably cheap, selling for 17 times forward earnings.
Investors clearly appreciated the results, bidding shares up 15% in after-hours trading, as of 6:45 p.m. ET.
The popular narrative about the perils of AI notwithstanding, Micron stock remains a buy.
Key Takeaways Micron Q3 Numbers Produce Quadruple-Figure Earnings GrowthRevenue Growth Next Quarter Projected 454% Year Over YearMU Shares Up Double-Digits in Late Trading on the News Wednesday, June 24th, 2026
Micron (MU - Free Report) became the latest “ground zero” stock of the AI trade, putting up NVIDIA (NVDA - Free Report) -like boffo earnings figures for its fiscal Q3 after today’s closing bell. Earnings of $25.11 per share easily surpassed the Zacks consensus of $20.98, which had been an estimated gain of +998% year over year. Today’s amazing figure represents +1215% earnings growth in one year. Even at NVIDIA’s best, they weren’t throwing up +1200% gains.
And that’s just for starters. Micron’s Q3 revenues of $41.46 billion zoomed past the $36.52 billion analysts had been expecting, for an astounding year-over-year revenue gain of +345.8%. Operating Cash Flow ballooned up to $25.39 billion in the quarter, for a +113.4% gain — quarter over quarter. Cloud Memory gained +78% on the operating side, Core Data Center grew +83%.
Guidance for next quarter at Micron also does not disappoint. Earnings of $30-32 per share are now expected, well up from the $24.91 in the Zacks consensus. Revenues are projected to be between $49-51 billion, well aloft of the estimate for $42.64 billion. In the year-ago quarter, the company brought in sales of $11 billion. This amounts to +454% top-line growth in a year. The company expects to return, it says, 100% of “excess cash” to shareholders at some point.
This tells us, like an air-horn in a closed setting, that the AI trade is far from over. Wobbly markets here at home and over in the KOSPI in South Korea showed some risk aversion to taking the AI trade up higher. This is especially due to the highly concentrated ETFs that focused on SK Hynix, which surpassed Samsung in market cap and both, like Micron, have entered the trillion-dollar market cap space. As an aside, Zacks ETF Strategist Neena Mishra wrote about this earlier today in her excellent Fund Newsletter, which you can access here.
Micron shares are up +14% on the news in after-hours trading. Shares are up +267% year-to-date and +719% since this time last year. The Idaho-based company has single-handedly made people forget about the potato industry. More importantly for the AI trade in general, we expect the recent sell-off to become nice entry points.
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Published in artificial-intelligence semiconductor tech-stocks
Item 1 of 2 A Micron logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration
[1/2]A Micron logo appears in this illustration taken August 25, 2025. REUTERS/Dado Ruvic/Illustration Purchase Licensing Rights, opens new tab
June 24 (Reuters) - Shares of chipmakers surged late on Wednesday, adding over $400 billion in market value after strong forecasts from Micron Technology and Qualcomm breathed fresh life into Wall Street's recently waning AI stock rally.
Micron (MU.O), opens new tab surged 12% in extended trade after forecasting quarterly earnings above analysts' estimates, signaling that heavy investments in AI-related infrastructure will drive strong demand for its memory chips.
Get a daily digest of breaking business news straight to your inbox with the Reuters Business newsletter. Sign up here.
Also after the bell, Qualcomm (QCOM.O), opens new tab said it expects $15 billion in sales from its data center business by 2029 as it moves beyond its core smartphone chip business and shifts its focus to AI.
Western Digital (WDC.O), opens new tab, Sandisk (SNDK.O), opens new tab and Seagate Technology (STX.O), opens new tab, which compete with Micron, all jumped more than 8%.
Arm Holdings rallied about 6%, Marvell (MRVL.O), opens new tab added almost 4% and Broadcom (AVGO.O), opens new tab climbed 2%.
Applied Materials (AMAT.O), opens new tab and ASML , which sell specialized manufacturing equipment to semiconductor companies, both rose more than 4%.
The blowout forecasts from Micron and Qualcomm follow recent worries on Wall Street that valuations for AI-related companies have become stretched following years of gains. The PHLX chip index tumbled 8% on Tuesday, with investors also concerned that massive spending to build AI data centers may take too long to pay off in the form of increased revenue and profits.
However, even after this week's weakness, the PHLX chip index remains up 90% so far in 2026. Not including its late-day rally on Wednesday, Micron has gained over 260% year to date.
Reporting by Noel Randewich; Editing by Chris Reese
Our Standards: The Thomson Reuters Trust Principles., opens new tab
San Francisco correspondent covering the stock market with a focus on Big Tech, semiconductors and other Silicon Valley companies
Amgen (AMGN - Free Report) closed at $351.93 in the latest trading session, marking a +1.42% move from the prior day. The stock outperformed the S&P 500, which registered a daily loss of 0.1%. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.43%.
Shares of the world's largest biotech drugmaker witnessed a gain of 3.3% over the previous month, beating the performance of the Medical sector with its gain of 1.97%, and the S&P 500's loss of 1.34%.
Investors will be eagerly watching for the performance of Amgen in its upcoming earnings disclosure. The company is predicted to post an EPS of $5.55, indicating a 7.81% decline compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $9.44 billion, indicating a 2.87% increase compared to the same quarter of the previous year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $22.26 per share and a revenue of $37.82 billion, representing changes of +1.92% and +2.92%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Amgen. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term 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, 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 shifted 0.01% upward. Currently, Amgen is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Amgen is presently being traded at a Forward P/E ratio of 15.59. This denotes a discount relative to the industry average Forward P/E of 21.67.
We can also see that AMGN currently has a PEG ratio of 3.5. 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 Medical - Biomedical and Genetics was holding an average PEG ratio of 1.52 at yesterday's closing price.
The Medical - Biomedical and Genetics industry is part of the Medical sector. This industry currently has a Zacks Industry Rank of 158, which puts it in the bottom 36% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Teladoc (TDOC - Free Report) closed at $7.81 in the latest trading session, marking a +1.56% move from the prior day. This change outpaced the S&P 500's 0.1% loss on the day. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%.
The telehealth services provider's stock has climbed by 16.69% in the past month, exceeding the Medical sector's gain of 1.97% and the S&P 500's loss of 1.34%.
The investment community will be paying close attention to the earnings performance of Teladoc in its upcoming release. The company's earnings per share (EPS) are projected to be -$0.24, reflecting a 26.32% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $614.69 million, reflecting a 2.72% fall from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.92 per share and a revenue of $2.51 billion, signifying shifts of +19.3% and -0.92%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Teladoc. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Teladoc is currently a Zacks Rank #3 (Hold).
The Medical Services industry is part of the Medical sector. At present, this industry carries a Zacks Industry Rank of 96, placing it within the top 40% of over 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Occidental Petroleum (OXY - Free Report) closed the most recent trading day at $51.09, moving -2.18% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.1% for the day. On the other hand, the Dow registered a gain of 0.35%, and the technology-centric Nasdaq decreased by 0.43%.
Heading into today, shares of the oil and gas exploration and production company had lost 9.1% over the past month, lagging the Oils-Energy sector's loss of 7.58% and the S&P 500's loss of 1.34%.
The investment community will be closely monitoring the performance of Occidental Petroleum in its forthcoming earnings report. In that report, analysts expect Occidental Petroleum to post earnings of $1.89 per share. This would mark year-over-year growth of 384.62%. Our most recent consensus estimate is calling for quarterly revenue of $7.23 billion, up 11.96% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.79 per share and revenue of $26.35 billion, which would represent changes of +161.99% and +3.56%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Occidental Petroleum. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 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, there's been a 8.52% rise in the Zacks Consensus EPS estimate. At present, Occidental Petroleum boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Occidental Petroleum has a Forward P/E ratio of 9.02 right now. This denotes a discount relative to the industry average Forward P/E of 18.61.
The Oil and Gas - Integrated - United States industry is part of the Oils-Energy sector. This industry, currently bearing a Zacks Industry Rank of 179, finds itself in the bottom 27% echelons of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
Honeywell International Inc. (HON - Free Report) closed the most recent trading day at $227.42, moving +2.27% from the previous trading session. This change outpaced the S&P 500's 0.1% loss on the day. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.43%.
Prior to today's trading, shares of the company had lost 4.04% lagged the Conglomerates sector's gain of 0.05% and the S&P 500's loss of 1.34%.
Analysts and investors alike will be keeping a close eye on the performance of Honeywell International Inc. in its upcoming earnings disclosure. In that report, analysts expect Honeywell International Inc. to post earnings of $2.42 per share. This would mark a year-over-year decline of 12%. Alongside, our most recent consensus estimate is anticipating revenue of $9.56 billion, indicating a 7.66% downward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $10.54 per share and a revenue of $39.35 billion, demonstrating changes of +7.77% and -2.46%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Honeywell International Inc. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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 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 shifted 0.07% upward. Honeywell International Inc. currently has a Zacks Rank of #3 (Hold).
Investors should also note Honeywell International Inc.'s current valuation metrics, including its Forward P/E ratio of 21.1. Its industry sports an average Forward P/E of 12.3, so one might conclude that Honeywell International Inc. is trading at a premium comparatively.
We can also see that HON currently has a PEG ratio of 3.18. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. HON's industry had an average PEG ratio of 1.48 as of yesterday's close.
The Diversified Operations industry is part of the Conglomerates sector. With its current Zacks Industry Rank of 110, this industry ranks in the top 46% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HON in the coming trading sessions, be sure to utilize Zacks.com.
Morgan Stanley (MS - Free Report) ended the recent trading session at $220.35, demonstrating a -2.51% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 0.1%. Meanwhile, the Dow experienced a rise of 0.35%, and the technology-dominated Nasdaq saw a decrease of 0.43%.
The investment bank's shares have seen an increase of 12.03% over the last month, surpassing the Finance sector's gain of 2.81% and the S&P 500's loss of 1.34%.
The investment community will be paying close attention to the earnings performance of Morgan Stanley in its upcoming release. The company is slated to reveal its earnings on July 15, 2026. It is anticipated that the company will report an EPS of $2.73, marking a 28.17% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $18.86 billion, up 12.34% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $11.9 per share and a revenue of $77.39 billion, indicating changes of +16.55% and +9.55%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Morgan Stanley. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the 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.
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. The Zacks Consensus EPS estimate has moved 0.39% higher within the past month. Morgan Stanley presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Morgan Stanley currently has a Forward P/E ratio of 18.99. This signifies a premium in comparison to the average Forward P/E of 14.77 for its industry.
We can also see that MS currently has a PEG ratio of 1.72. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Financial - Investment Bank stocks are, on average, holding a PEG ratio of 1.1 based on yesterday's closing prices.
The Financial - Investment Bank industry is part of the Finance sector. Currently, this industry holds a Zacks Industry Rank of 103, positioning it in the top 43% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
In the latest trading session, ServiceNow (NOW - Free Report) closed at $93.80, marking a -2.23% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.1%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%.
Heading into today, shares of the maker of software that automates companies' technology operations had lost 3.98% over the past month, lagging the Computer and Technology sector's loss of 2.15% and the S&P 500's loss of 1.34%.
The investment community will be paying close attention to the earnings performance of ServiceNow in its upcoming release. It is anticipated that the company will report an EPS of $0.86, marking a 4.88% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $3.92 billion, indicating a 22% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $4.13 per share and revenue of $16.18 billion, which would represent changes of +17.66% and +21.88%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for ServiceNow. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. ServiceNow currently has a Zacks Rank of #3 (Hold).
Investors should also note ServiceNow's current valuation metrics, including its Forward P/E ratio of 23.23. This represents a premium compared to its industry average Forward P/E of 12.68.
Also, we should mention that NOW has a PEG ratio of 0.9. 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 Computers - IT Services industry had an average PEG ratio of 1.13 as trading concluded yesterday.
The Computers - IT Services industry is part of the Computer and Technology sector. At present, this industry carries a Zacks Industry Rank of 110, placing it within the top 46% of over 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
The defense contractor said the award is one of the first major procurement contracts executed under the Defense Department's effort to stockpile weapons in the next few years.
In the latest close session, Lockheed Martin (LMT - Free Report) was down 2.39% at $491.64. This move lagged the S&P 500's daily loss of 0.1%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%.
Shares of the aerospace and defense company witnessed a loss of 5.49% over the previous month, trailing the performance of the Aerospace sector with its gain of 3.09%, and the S&P 500's loss of 1.34%.
Market participants will be closely following the financial results of Lockheed Martin in its upcoming release. In that report, analysts expect Lockheed Martin to post earnings of $7.09 per share. This would mark a year-over-year decline of 2.74%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $19.41 billion, up 6.9% from the year-ago period.
LMT's full-year Zacks Consensus Estimates are calling for earnings of $29.88 per share and revenue of $79.05 billion. These results would represent year-over-year changes of +29.24% and +5.33%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Lockheed Martin. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Lockheed Martin presently features a Zacks Rank of #3 (Hold).
Digging into valuation, Lockheed Martin currently has a Forward P/E ratio of 16.85. For comparison, its industry has an average Forward P/E of 25.43, which means Lockheed Martin is trading at a discount to the group.
We can also see that LMT currently has a PEG ratio of 0.91. 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 Aerospace - Defense was holding an average PEG ratio of 1.48 at yesterday's closing price.
The Aerospace - Defense industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 110, positioning it in the top 46% 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 Zacks.com.
Archer Daniels Midland (ADM - Free Report) closed the most recent trading day at $75.08, moving -1% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.1%. Elsewhere, the Dow saw an upswing of 0.35%, while the tech-heavy Nasdaq depreciated by 0.43%.
Coming into today, shares of the agribusiness giant had lost 2.78% in the past month. In that same time, the Consumer Staples sector lost 0.72%, while the S&P 500 lost 1.34%.
Analysts and investors alike will be keeping a close eye on the performance of Archer Daniels Midland in its upcoming earnings disclosure. On that day, Archer Daniels Midland is projected to report earnings of $1.29 per share, which would represent year-over-year growth of 38.71%. At the same time, our most recent consensus estimate is projecting a revenue of $22.51 billion, reflecting a 6.35% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $4.54 per share and a revenue of $85.44 billion, signifying shifts of +32.36% and +6.45%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Archer Daniels Midland. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Currently, Archer Daniels Midland is carrying a Zacks Rank of #2 (Buy).
In the context of valuation, Archer Daniels Midland is at present trading with a Forward P/E ratio of 16.72. This signifies a premium in comparison to the average Forward P/E of 14.58 for its industry.
The Agriculture - Operations industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 110, putting it in the top 46% of all 250+ industries.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
HOUSTON--(BUSINESS WIRE)--The Lanier Law Firm is representing the State of Arkansas and Attorney General Tim Griffin in litigation against Roblox Corp. and Discord Inc., alleging that the companies' online platforms are exposing Arkansas children to sexual predators, grooming, sextortion, and physical harm while assuring parents their children are safe. The complaint filed in Los Angeles County Superior Court characterizes the companies' business operations as a deliberate “two-stage predatory.
In the latest close session, Roblox (RBLX - Free Report) was up +1.76% at $47.94. The stock's performance was ahead of the S&P 500's daily loss of 0.1%. Meanwhile, the Dow gained 0.35%, and the Nasdaq, a tech-heavy index, lost 0.43%.
Coming into today, shares of the online gaming platform had gained 2.41% in the past month. In that same time, the Consumer Discretionary sector lost 1.78%, while the S&P 500 lost 1.34%.
The investment community will be closely monitoring the performance of Roblox in its forthcoming earnings report. In that report, analysts expect Roblox to post earnings of -$0.34 per share. This would mark year-over-year growth of 17.07%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.59 billion, up 10.69% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of -$1.45 per share and a revenue of $7.48 billion, indicating changes of +5.84% and +10.13%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Roblox. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, Roblox possesses a Zacks Rank of #3 (Hold).
The Gaming industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 186, finds itself in the bottom 24% echelons 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.
