In the latest trading session, Yellow Corporation closed at $4.43, marking a -1.12% move from the previous day. This change lagged the S&P 500's 0.75% loss on the day. At the same time, the Dow lost 0.32%, and the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the trucking company had lost 26.68% in the past month. In that same time, the Transportation sector lost 12.09%, while the S&P 500 lost 8.4%.
Yellow Corporation will be looking to display strength as it nears its next earnings release. On that day, Yellow Corporation is projected to report earnings of $0.67 per share, which would represent year-over-year growth of 318.75%. Our most recent consensus estimate is calling for quarterly revenue of $1.41 billion, up 8% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.73 per share and revenue of $5.44 billion. These totals would mark changes of +261.68% and +6.17%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Yellow Corporation. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Yellow Corporation is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Yellow Corporation has a Forward P/E ratio of 2.6 right now. This valuation marks a discount compared to its industry's average Forward P/E of 8.87.
The Transportation - Services industry is part of the Transportation sector. This group has a Zacks Industry Rank of 137, putting it in the bottom 46% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Yellow Corporation (YELL) Dips More Than Broader Markets: What You Should Know
In the latest trading session, Yellow Corporation closed at $4.43, marking a -1.12% move from the previous day. This change lagged the S&P 500's 0.75% loss on the day. At the same time, the Dow lost 0.32%, and the tech-heavy Nasdaq lost 0.1%.
Coming into today, shares of the trucking company had lost 26.68% in the past month. In that same time, the Transportation sector lost 12.09%, while the S&P 500 lost 8.4%.
Yellow Corporation will be looking to display strength as it nears its next earnings release. On that day, Yellow Corporation is projected to report earnings of $0.67 per share, which would represent year-over-year growth of 318.75%. Our most recent consensus estimate is calling for quarterly revenue of $1.41 billion, up 8% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.73 per share and revenue of $5.44 billion. These totals would mark changes of +261.68% and +6.17%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Yellow Corporation. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Yellow Corporation is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Yellow Corporation has a Forward P/E ratio of 2.6 right now. This valuation marks a discount compared to its industry's average Forward P/E of 8.87.
The Transportation - Services industry is part of the Transportation sector. This group has a Zacks Industry Rank of 137, putting it in the bottom 46% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.