Sotheby's was a big mover last session, as the company saw its shares rise over 13% on the day. The upside was driven by the surprise surge in company's second-quarter earnings, while also beating revenue forecasts and providing an upbeat outlook. This resulted in solid volume 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 over 33% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Sotheby's currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry is Copart, Inc. (CPRT - Free Report) , carrying a Zacks Rank #2 (Buy).
Is BID going up? Or down? Predict to see what others think: Up or Down
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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 >>
Sotheby's was a big mover last session, as the company saw its shares rise over 13% on the day. The upside was driven by the surprise surge in company's second-quarter earnings, while also beating revenue forecasts and providing an upbeat outlook. This resulted in solid volume 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 over 33% in the past one-month time frame.
None of the estimates for this stock were revised over the past 30 days. The Zacks Consensus Estimate also remained unchanged over the same time frame. Yesterday’s price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
Sotheby's currently carries a Zacks Rank #3 (Hold).
A better-ranked stock in the same industry is Copart, Inc. (CPRT - Free Report) , carrying a Zacks Rank #2 (Buy).
Is BID going up? Or down? Predict to see what others think: Up or Down
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
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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