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Zacks #1 Stocks on the Move 02/21/2017

Company Name Symbol %Change
Spartan Moto SPAR
13.42%
Changyou.com CYOU
12.29%
FBR & Co FBRC
10.78%
Radiant Logi RLGT
9.62%
Xcerra Corpo XCRA
7.71%

Tale of the Tape

Expeditors (EXPD) Beats on Earnings in Q4

Posted Tue Feb 21, 10:34 am ET

by Zacks Equity Research

Based in Seattle, WA, Expeditors International of Washington Inc. EXPD is a leading third-party logistics provider. Expeditors’ track record with respect to earnings is a mixed one. The company has delivered a positive earnings surprise in two of the last four quarters.

Zacks Rank: Currently, Expeditors has a Zacks Rank #3 (Hold) but that could change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.  

We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Expeditors’ adjusted earnings of 61 cents per share beat the Zacks Consensus Estimate of 59 cents per share. Earnings were flat on a year over year basis.

 

Revenue: Revenues came in at $1,642 million beating the Zacks Consensus Estimate of$1,618 million. Revenues improved 3% from the year-ago figure.

Key Stats: Airfreight Services revenues improved 1.3% year over year to $688.8 million in the fourth quarter. Ocean Freight and Ocean Services revenues increased 2.4% year over year to $503.2 million. Customs Brokerage and Other Services revenues increased 5.9 % year over year to approximately $450 million.

 

Check back later for our full write up on this Expeditors earnings report later!


Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?

Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>

New Strong Sell Stocks for February 21st

Posted Tue Feb 21, 10:28 am ET

by Zacks Equity Research

Here are 5 stocks added to the Zacks Rank #5 (Strong Sell) List today:

Clearwater Paper Corporation CLW produces pulp and paperboard at six facilities across the country. The Zacks Consensus Estimate for its current year earnings has been revised 5.7% downward over the last 30 days.

Fifth Street Finance Corp. FSC is a specialty finance company. The Zacks Consensus Estimate for its current year earnings has been revised 11.3% downward over the last 30 days.

Fomento Económico Mexicano, S.A.B. de C.V. FMX is the Latin America's largest beverage company. The Zacks Consensus Estimate for its current year earnings has been revised 1% downward over the last 30 days.

G&K Services, Inc. GK is a market leader in branded identity apparel programs and facility services in the U.S. The Zacks Consensus Estimate for its current year earnings has been revised 3.5% downward over the last 30 days.

Invesco Ltd. IVZ is an independent global investment manager. The Zacks Consensus Estimate for its current year earnings has been revised 5.1% downward over the last 30 days.

View the entire Zacks Rank #5 List.

Westlake Chemical (WLK) Q4 Earnings Top Estimates, Sales Lag

Posted Tue Feb 21, 10:24 am ET

by Zacks Equity Research

Westlake Chemical WLK is a vertically integrated international producer and supplier of petrochemicals, polymers and fabricated products. The company's range of products includes ethylene, polyethylene, styrene, vinyl intermediates, PVC, PVC Pipe, PVC windows, fence and decking components.

Westlake Chemical is benefiting from healthy demand for olefins and vinyls products. Moreover, the Axiall Corp. acquisition is expected to deliver meaningful annual cost synergies. However, the company is exposed to pricing pressure.

Let’s have a quick look at the company’s fourth-quarter 2016 release.

Estimate Trend & Surprise History

Investors should note that the earnings estimate for Westlake Chemical for the fourth quarter has been stable over the last month. The company has beaten the Zacks Consensus Estimate in 2 of the trailing 4 quarters while missing twice, with an average positive surprise of 4.48%.

Earnings

Westlake Chemical’s adjusted earnings came in at 87 cents per share in the quarter, which topped the Zacks Consensus Estimate of 75 cents.

Revenues

Westlake Chemical reported revenues of $1,735.2 million, up around 76% year over year. Sales in the quarter benefited from the contribution of Axiall acquisition. However, revenues missed the Zacks Consensus Estimate of $1,776 million.

Key Developments to Note

The company said that it is gaining from healthy demand for its products and will benefit, in 2017, from improving commodity prices that are supported by the sustained recovery in oil prices. It is also making progress in integrating the acquired Axiall business and is working towards achieving the expected synergies.

Zacks Rank

Currently, Westlake Chemical has a Zacks Rank #4 (Sell), but that could change following its earnings report which was just released.

Market Reaction

Westlake Chemical’s shares were inactive following the release. It would be interesting to see how the market reacts to the results during the trading session today.

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?

Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>
 

Should Value Investors Look at Public Service Enterprise?

Posted Tue Feb 21, 10:10 am ET

by Zacks Equity Research

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?

One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put Public Service Enterprise Group Incorporated PEG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:

PE Ratio

A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock’s current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.

On this front, Public Service Enterprise has a trailing twelve months PE ratio of 15.21, as you can see in the chart below:



This level actually compares pretty favorably with the market at large, as the PE for the S&P 500 stands at about 20.12. While Public Service Enterprise’s current PE level puts it above its midpoint of 13.91 over the past five years, it comes below the highs for the stock, leaving some room for entry still.



Further, the stock’s PE fares slightly better than the Zacks classified Utility sector’s trailing twelve months PE ratio, which stands at 15.54. This indicates that the stock is a bit undervalued right now, compared to its peers.
 



We should also point out that Public Service Enterprise has a forward PE ratio (price relative to this year’s earnings) of 14.94, so it is fair to say that a slightly more value-oriented path may be ahead for Public Service Enterprise stock in the near term too.

P/S Ratio

Another key metric to note is the Price/Sales ratio. This approach compares a given stock’s price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.

Right now, Public Service Enterprise has a P/S ratio of about 2.39. This is a bit lower than the S&P 500 average, which comes in at 3.17 right now, thus making the stock undervalued from this aspect too.



Broad Value Outlook

In aggregate, Public Service Enterprise currently has a Zacks Value Style Score of ‘B’, putting it into the top 40% of all stocks we cover from this look. This makes Public Service Enterprise a solid choice for value investors, and some of its other key metrics make this pretty clear too.

For example, its P/CF ratio (another great indicator of value) comes in at 5.86, which is far better than the industry average of 7.09. Clearly, PEG is a solid choice on the value front from multiple angles.

What About the Stock Overall?

While Public Service Enterprise might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth grade of ‘C’ and a Momentum score of ‘B’. This gives PEG a Zacks VGM score—or its overarching fundamental grade—of ‘B’. (You can read more about the Zacks Style Scores here >>)

Notably, the company’s recent earnings estimates have quite encouraging. Both, the current quarter and full year have seen two estimates go higher in the past thirty days compared to one lower.

This has had a positive impact on the consensus estimate, as the current quarter consensus estimate has risen by nearly 2% in the past one month, while the full year estimate has climbed marginally by 0.3%. You can see the consensus estimate trend and recent price action for the stock in the chart below:

However, this somewhat bullish trend has likely not yet been reflected in the stock, as we have just a Zacks Rank #3 (Hold), which indicates expectations of in-line performance in the near term. Nonetheless, the bullish analyst sentiment indicates that the stock’s prospects in the near term look good.

Bottom Line

Public Service Enterprise is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. However, with a sluggish industry rank (Bottom 46% out of over 250 industries) and a Zacks Rank #3, it is hard to get too excited about this company overall. In fact, over the past one year, the Zacks categorized Utility- Electric Power industry has clearly underperformed the broader market, as you can see below:


Hence, investors might wait for broader factors to turn favorable for this company name first, but once that happens, this stock could be a compelling pick.

The Best Place to Start Your Stock Search

Today, you are invited to download the full list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research. See these stocks free >>

Is SCANA Corporation a Great Stock for Value Investors?

Posted Tue Feb 21, 10:05 am ET

by Zacks Equity Research

Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?

One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put SCANA Corporation SCG stock into this equation and find out if it is a good choice for value-oriented investors right now, or if investors subscribing to this methodology should look elsewhere for top picks:

PE Ratio

A key metric that value investors always look at is the Price to Earnings Ratio, or PE for short. This shows us how much investors are willing to pay for each dollar of earnings in a given stock, and is easily one of the most popular financial ratios in the world. The best use of the PE ratio is to compare the stock’s current PE ratio with: a) where this ratio has been in the past; b) how it compares to the average for the industry/sector; and c) how it compares to the market as a whole.

On this front, SCANA Corporation has a trailing twelve months PE ratio of 15.59, as you can see in the chart below:

 

This level actually compares pretty favorably with the market at large, as the PE for the S&P 500 stands at about 20.12. While SCANA Corporation’s current PE level puts it slightly above its midpoint of 15.25 over the past five years, it stands well below the highs scaled in the past five years, suggesting that it could be a good entry point.



The stock’s PE stands marginally above the Zacks classified Utilities sector’s trailing twelve months PE ratio, which stands at 15.54. This indicates that the stock’s valuation is slightly stretched, as compared to its peers.
 

Nevertheless, we should also point out that SCANA Corporation has a forward PE ratio (price relative to this year’s earnings) of little less – 15.45, so it is fair to say that a slightly more value-oriented path may be ahead for SCANA Corporation stock in the near term too.

P/S Ratio

SCANA Corporation key metric to note is the Price/Sales ratio. This approach compares a given stock’s price to its total sales, where a lower reading is generally considered better. Some people like this metric more than other value-focused ones because it looks at sales, something that is far harder to manipulate with accounting tricks than earnings.

Right now, SCANA Corporation has a P/S ratio of about 2.22. This is lower than the S&P 500 average, which comes in at 3.17 right now, indicating that the stock is undervalued from this aspect as well.



Broad Value Outlook

In aggregate, SCANA Corporation currently has a Zacks Value Style Score of ‘B’, putting it into the top 40% of all stocks we cover from this look. This makes SCANA Corporation a solid choice for value investors, and some of its other key metrics make this pretty clear too.

For example, the PEG ratio for SCANA Corporation is just 2.73, a level that is far lower than the industry average of 3.11. The PEG ratio is a modified PE ratio that takes into account the stock’s earnings growth rate. Clearly, SCG is a solid choice on the value front from multiple angles.

What About the Stock Overall?

While SCANA Corporation might be a good choice for value investors, there are plenty of other factors to consider before investing in this name. In particular, it is worth noting that the company has a Growth grade of ‘C’ and a Momentum score of ‘A’. This gives SCG a Zacks VGM score—or its overarching fundamental grade—of ‘B’. (You can read more about the Zacks Style Scores here >>)

Notably, the company’s recent earnings estimates have been somewhat encouraging. The current quarter has seen one upward and downward estimate revision each, in the past sixty days, while the full year estimate has seen two upward and no downward revisions in the same time period.

This has had a slightly positive impact on the consensus estimate, as the current quarter consensus estimate has been stable in the past two months, while the full year estimate has climbed 1.4%. You can see the consensus estimate trend and recent price action for the stock in the chart below:

Scana Corporation Price and Consensus
 

Scana Corporation Price and Consensus | Scana Corporation Quote

However, this somewhat bullish trend has likely not yet been reflected in the stock, as we have just a Zacks Rank #3 (Hold), which indicates expectations of in-line performance in the near term. Nonetheless, the bullish analyst sentiment indicates that the stock’s prospects in the near term look good.

Bottom Line

SCANA Corporation is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. However, with a sluggish industry rank (Bottom 46% out of over 250 industries) and a Zacks Rank #3, it is hard to get too excited about this company overall. In fact, over the past one year, the Zacks classified Utility- Electric Power industry has clearly underperformed the broader market, as you can see below:



Hence, investors might wait for broader factors to turn favorable for this company name first, but once that happens, this stock could be a compelling pick.

The Best Place to Start Your Stock Search

Today, you are invited to download the full list of 220 Zacks Rank #1 ""Strong Buy"" stocks – absolutely free of charge. Since 1988, Zacks Rank #1 stocks have nearly tripled the market, with average gains of +26% per year. Plus, you can access the list of portfolio-killing Zacks Rank #5 ""Strong Sells"" and other private research. See these stocks free >>

Spectrum Brands Holdings (SPB): Moving Average Crossover Alert

Posted Tue Feb 21, 10:03 am ET

by Zacks Equity Research

Spectrum Brands Holdings, Inc. SPB is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for SPB broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend.

This has already started to take place, as the stock has moved higher by 10.2% in the past four weeks. Plus, the company currently has a Zacks Rank #2 (Buy) suggesting that now could definitely be the time for this breakout candidate.

More bullishness may especially be the case when investors consider what has been happening for SPB on the earnings estimate revision front lately. No estimate has gone lower in the past two months, compared to 9 higher, while the consensus estimate has also moved higher too.

So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank.See the 2017 Top 10 right now>>

Genuine Parts (GPC) Q4 Earnings Top Estimates, Fall Y/Y

Posted Tue Feb 21, 10:03 am ET

by Zacks Equity Research

Genuine Parts Company GPC, based in Atlanta, GA, distributes automotive and industrial replacement parts, office products and electrical/electronic materials in the U.S., Canada and Mexico.

The company is poised to benefit from its various initiatives to boost sales and earnings, such as product line expansion, penetration into new markets and cost-saving activities. The company relies on a diverse product portfolio for top- and bottom-line growth. Further, Genuine Parts will benefit from the frequently undertaken acquisitions to expand its business.

However, rising competition in the industries in which Genuine Parts operates poses a challenge for the company. Genuine Parts is also facing challenges in the non-automotive business.

Estimate Trend & Surprise History

Investors should note that the fourth-quarter 2016 earnings estimate for Genuine Parts has been stationary over the past week and month. The Zacks Consensus Estimate has remained static at $1.01 over these periods.

The company has a mixed record of earnings surprises. It has surpassed the Zacks Consensus Estimate in 2 of the trailing 4 quarters and missed in two of the quarters, leading to an average beat of around 1.15%. Thus investors are eagerly awaiting Genuine Parts latest earnings report.
 

Genuine Parts Company Price and EPS Surprise
 

Genuine Parts Company Price and EPS Surprise | Genuine Parts Company Quote

Zacks Rank

Genuine Parts currently has a Zacks Rank #3 (Hold), but that could change following its earnings report which was just released. We have highlighted some of the key stats from this earnings announcement below:

Earnings

Genuine Parts’ earnings were $1.02 per share in the fourth quarter of 2016, lower than $1.07 recorded in the year ago quarter. However, earnings per share surpassed the Zacks Consensus Estimate of $1.01.

Revenues

Genuine Parts reported revenues of $3.78 billion, up 3% year over year. Revenues marginally surpassed the Zacks Consensus Estimate of $3.77 billion.

Key Stats/Developments to Note

For 2017, annual revenue of Genuine Parts is expected to increase 3% to 4%. Earnings per share in 2017 is expected to be in the range of $4.70–$4.80.

The board of directors of Genuine Parts increased dividend to $2.70 per share from $2.63 paid earlier. The company will pay the quarterly dividend of 67.5 cents on Apr 3, 2017 to shareholders as of Mar 10, 2017. With this, Genuine Parts has increased dividend for 61 consecutive years.

Market Reaction

Genuine Parts' shares have remained inactive so far following the release. It would be interesting to see how the market reacts to the results during the trading session today.

Check back later for our full write up on Genuine Parts’ earnings report!

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?

Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank.  See the 2017 Top 10 right now>>
 

Moving Average Crossover Alert: Sherwin-Williams (SHW)

Posted Tue Feb 21, 10:03 am ET

by Zacks Equity Research

Sherwin-Williams Company SHW is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for SHW broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend.

This has already started to take place, as the stock has moved higher by 9.6% in the past four weeks. Plus, the company currently has a Zacks Rank #2 (Buy) suggesting that now could definitely be the time for this breakout candidate.

More bullishness may especially be the case when investors consider what has been happening for SHW on the earnings estimate revision front lately. 1 estimate has gone lower in the past two months, compared to 6 higher, while the consensus estimate has also moved higher too.

So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank.See the 2017 Top 10 right now>>

Seadrill Partners (SDLP): Moving Average Crossover Alert

Posted Tue Feb 21, 10:02 am ET

by Zacks Equity Research

Seadrill Partners LLC SDLP is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for SDLP broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend.

This has already started to take place, as the stock has moved higher by 15.9% in the past four weeks. Plus, the company currently has a Zacks Rank #2 (Buy) suggesting that now could definitely be the time for this breakout candidate.

More bullishness may especially be the case when investors consider what has been happening for SDLP on the earnings estimate revision front lately. No estimate has gone lower in the past two months, compared to 1 higher, while the consensus estimate has also moved higher too.

So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank.See the 2017 Top 10 right now>>

Moving Average Crossover Alert: Rogers Communications (RCI)

Posted Tue Feb 21, 10:02 am ET

by Zacks Equity Research

Rogers Communications Inc. RCI is looking like an interesting pick from a technical perspective, as the company is seeing favorable trends on the moving average crossover front. Recently, the 50 Day Moving Average for RCI broke out above the 200 Day Simple Moving Average, suggesting a short-term bullish trend.

This has already started to take place, as the stock has moved higher by 9.5% in the past four weeks. Plus, the company currently has a Zacks Rank #2 (Buy) suggesting that now could definitely be the time for this breakout candidate.

More bullishness may especially be the case when investors consider what has been happening for RCI on the earnings estimate revision front lately. No estimate has gone lower in the past two months, compared to 4 higher, while the consensus estimate has also moved higher too.

So given this move in estimates, and the positive technical factors, investors may want to watch this breakout candidate closely for more gains in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

Zacks' Top 10 Stocks for 2017

In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017? Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank.See the 2017 Top 10 right now>>

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