We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Littelfuse, Inc. (LFUS) Catches Eye: Stock Adds 6.8% in Session
Read MoreHide Full Article
Littelfuse, Inc. (LFUS - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 12% in the past one-month time frame.
The move came after the company raised its second quarter earnings guidance primarily due to stronger demand exceeding the forecast across the electronics segment and a lower adjusted effective tax rate for the second quarter on the back of a discrete tax benefit resulting from the new stock compensation accounting guidance.
The company has seen two positive estimate revisions in the past four weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the same time frame, suggesting that more solid trading could be ahead for Littelfuse. So make sure to keep an eye on this stock going forward to see if this recent jump can turn
Littelfuse currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Is LFUSgoing up? Or down? Predict to see what others think: Up or Down
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Littelfuse, Inc. (LFUS) Catches Eye: Stock Adds 6.8% in Session
Littelfuse, Inc. (LFUS - Free Report) was a big mover last session, as the company saw its shares rise nearly 7% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This continues the recent uptrend for the company—as the stock is now up 12% in the past one-month time frame.
The move came after the company raised its second quarter earnings guidance primarily due to stronger demand exceeding the forecast across the electronics segment and a lower adjusted effective tax rate for the second quarter on the back of a discrete tax benefit resulting from the new stock compensation accounting guidance.
The company has seen two positive estimate revisions in the past four weeks, while its Zacks Consensus Estimate for the current quarter has also moved higher over the same time frame, suggesting that more solid trading could be ahead for Littelfuse. So make sure to keep an eye on this stock going forward to see if this recent jump can turn
Littelfuse currently has a Zacks Rank #2 (Buy) while its Earnings ESP is positive.
Littelfuse, Inc. Price and Consensus
Littelfuse, Inc. Price and Consensus | Littelfuse, Inc. Quote
Another stock worth considering in the Electronics - Miscellaneous Componentssector is AVX Corporation. which carries a Zacks Rank #1 (Strong Buy).You can see the complete list of today’s Zacks #1 Rank stocks here.
Is LFUSgoing up? Or down? Predict to see what others think: Up or Down
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look. See the pot trades we're targeting>>