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The Zacks Rank is a timeliness indicator that is assigned in constant proportions across the coverage universe. Only 5% of stocks can have a Zacks #1 Rank Strong Buy rating at any given time. Furthermore, the Zacks Rank is calculated on a daily basis, to ensure the most current information is evaluated. This combination of exclusivity and constant updates means that a stock can lose its #1 Rank.
Most investors understand why negative estimate revisions will lower the Zacks Rank of a stock. However, it is not so obvious why a company with positive estimate revisions may lose its #1 ranking. The key to understanding this concept is to realize that the Zacks Rank is a relative indicator. A stock''s rank is determined by how it compares to all other stocks in the Zacks Rank universe. This comparison is based on both the size and timing of Earnings Estimate Revisions. Specifically, a stock's Zack Rank can change based on any of the following factors:
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Zacks Rank Guide Table of Contents
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At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. Since 1986 it has nearly tripled the S&P 500 with an average gain of +26% per year. These returns cover a period from 1986-2011 and were examined and attested by Baker Tilly, an independent accounting firm.
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