SiteOne Landscape (SITE - Free Report) shares rallied 5.2% in the last trading session to close at $172.82. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 4.7% loss over the past four weeks.
Shares of SiteOne Landscape gained as an analyst at UBS upgraded the rating from Sell to Neutral. The analyst, however, reduced the price target to $165 from $170. Per the analyst, following correction over the past four months, the stock price now reflects the company's 10% sales growth.
This company is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $736.4 million, up 13.3% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For SiteOne Landscape, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SITE going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
SiteOne Landscape is part of the Zacks Industrial Services industry. Hudson Technologies (HDSN - Free Report) , another stock in the same industry, closed the last trading session 3.2% higher at $6.14. HDSN has returned 55.8% in the past month.
Hudson Tech's consensus EPS estimate for the upcoming report has changed +300% over the past month to $0.08. Compared to the company's year-ago EPS, this represents a change of +500%. Hudson Tech currently boasts a Zacks Rank of #2 (Buy).
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SiteOne Landscape (SITE - Free Report) shares rallied 5.2% in the last trading session to close at $172.82. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 4.7% loss over the past four weeks.
Shares of SiteOne Landscape gained as an analyst at UBS upgraded the rating from Sell to Neutral. The analyst, however, reduced the price target to $165 from $170. Per the analyst, following correction over the past four months, the stock price now reflects the company's 10% sales growth.
This company is expected to post quarterly earnings of $0.16 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $736.4 million, up 13.3% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For SiteOne Landscape, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SITE going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
SiteOne Landscape is part of the Zacks Industrial Services industry. Hudson Technologies (HDSN - Free Report) , another stock in the same industry, closed the last trading session 3.2% higher at $6.14. HDSN has returned 55.8% in the past month.
Hudson Tech's consensus EPS estimate for the upcoming report has changed +300% over the past month to $0.08. Compared to the company's year-ago EPS, this represents a change of +500%. Hudson Tech currently boasts a Zacks Rank of #2 (Buy).
Just Released: Zacks Top 10 Stocks for 2024
Hurry – you can still get in early on our 10 top tickers for 2024. Hand-picked by Zacks Director of Research, Sheraz Mian, this portfolio has been stunningly and consistently successful. From inception in 2012 through November, 2023, the Zacks Top 10 Stocks gained +974.1%, nearly TRIPLING the S&P 500’s +340.1%. Sheraz has combed through 4,400 companies covered by the Zacks Rank and handpicked the best 10 to buy and hold in 2024. You can still be among the first to see these just-released stocks with enormous potential.
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