Company News for Oct 13, 2023

Zacks Equity Research Published on October 13, 2023

Shares of Fastenal Company (FAST) soared 7.5% after the company reported third-quarter 2023 earnings of $0.52 per share, beating the Zacks Consensus Estimate of $0.51 per share.
Commercial Metals Company’s (CMC) shares plunged 9.6% after the company reported fourth-quarter fiscal 2023 earnings of $1.69 per share, missing the Zacks Consensus Estimate of $1.84 per share.
Shares of Victoria's Secret & Co. (VSCO) gained 2% after the company said that it expects to record lower losses in the third quarter than previously expected.
Domino's Pizza, Inc.’s (DPZ) shares declined 1.1% after the company reported third-quarter fiscal 2023 revenues of $1,027.4 million, missing the Zacks Consensus Estimate of $1,052 million.

Research Chief 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.

This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.