Silicon Motion Technology Corporation (SIMO - Free Report) reported mixed second-quarter 2022 results, wherein the bottom line beat the Zacks Consensus Estimate, but the top line missed the same.
Net Income
On a GAAP basis, net income in the quarter improved to $51.6 million or $1.55 per share from $49.5 million or $1.42 per share in the prior-year quarter.
Non-GAAP net income was $62.8 million or $1.88 per share compared with $52.7 million or $1.50 per share in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by 17 cents.
Assurant, Inc. (AIZ - Free Report) , sporting a Zacks Rank #1, is another key pick for investors. It delivered an earnings surprise of 31.1% in the previous quarter and a stellar earnings surprise of 18.3%, on average, in the trailing four quarters. The company is a global provider of risk management solutions in the housing and lifestyle market. Earnings estimates for the current year have moved up 6.5% since July 2021.
Liberty Energy Inc. (LBRT - Free Report) has a Zacks Rank #1. The Zacks Consensus Estimate for Liberty Energy’s current-year earnings has been revised 51% upward since July 2021.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Silicon Motion Technology Corporation (SIMO - Free Report) reported mixed second-quarter 2022 results, wherein the bottom line beat the Zacks Consensus Estimate, but the top line missed the same.
Net Income
On a GAAP basis, net income in the quarter improved to $51.6 million or $1.55 per share from $49.5 million or $1.42 per share in the prior-year quarter.
Non-GAAP net income was $62.8 million or $1.88 per share compared with $52.7 million or $1.50 per share in the year-ago quarter. The bottom line beat the Zacks Consensus Estimate by 17 cents.
Assurant, Inc. (AIZ - Free Report) , sporting a Zacks Rank #1, is another key pick for investors. It delivered an earnings surprise of 31.1% in the previous quarter and a stellar earnings surprise of 18.3%, on average, in the trailing four quarters. The company is a global provider of risk management solutions in the housing and lifestyle market. Earnings estimates for the current year have moved up 6.5% since July 2021.
Liberty Energy Inc. (LBRT - Free Report) has a Zacks Rank #1. The Zacks Consensus Estimate for Liberty Energy’s current-year earnings has been revised 51% upward since July 2021.
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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