Day: August 4, 2021

PRTS – CarParts.com Carries McDowell and No. 34 Team into Month of August

CarParts.com offers an easy-to-navigate, mobile-friendly shopping platform, connecting drivers with the parts they need to get from point A to point B with confidence. The company has delivered over 50 million parts across America and recently announced plans to open its sixth distribution center in Jacksonville as part of its overall goal to get closer to customers. CarParts.com is proud to count the 2021 Daytona 500 champion as a loyal customer as well as a close partner.

TRW is one of the largest global brake pad manufacturers in the independent aftermarket and follows the pillars of ZF Aftermarket’s standards of safety, engineering excellence, innovation, partnership, and perfectly tailored product lines. With over 100 years of experience, TRW ensures all brake components are optimally matched to their respective passenger cars and meet the quality of each vehicle’s original equipment.

“This is an important month in our race schedule as we prepare for the playoffs,” said McDowell. “CarParts.com is stepping up this month to partner with us for three of our next four races and we know we have some great opportunities for them. Watkins Glen is a track where we know we can run well at and get us back headed in the right direction. I’m looking forward to getting back on the track this weekend with CarParts.com and TRW.”

McDowell will head to Watkins Glen with five consecutive finishes in the top-20, dating back to 2015. He’s made 11 previous starts at the track with a best finish of 12th.

Sunday’s 90-lap race will be televised live on NBC at 3:00 p.m. ET.

For more information about CarParts.com, visit www.carparts.com. For more information about TRW, visit www.trwaftermarket.com/itsaboutthepart.

About CarParts.com
With over 25 years of experience, and more than 50 million parts delivered, we’ve streamlined our website and sourcing network to better serve the way drivers get the parts they need. Utilizing the latest technologies and design principles, we’ve created an easy-to-use, mobile-friendly shopping experience that, alongside our own nationwide distribution network, cuts out the brick-and-mortar supply chain costs and provides quality parts at a budget-friendly price.

CarParts.com (NASDAQ: PRTS) is headquartered in Torrance, California.

About Front Row Motorsports
Front Row Motorsports (FRM) is a winning organization in the NASCAR Cup and Camping World Truck Series and the 2021 Daytona 500 champions. The team was founded in 2004 and is owned by successful entrepreneur, Bob Jenkins. FRM fields the No. 34 and the No. 38 NASCAR Cup Series teams along with the No. 38 NASCAR Camping World Truck Series team– from its Mooresville, N.C. headquarters. Visit teamfrm.com and follow FRM on social media: Twitter at @Team_FRM, Instagram at @team_frm and Facebook at facebook.com/FrontRowMotorsports.

CarParts.com Contact:
Cory Burns
Vice President, Accounts – Kahn Media
E-Mail: [email protected]

Front Row Motorsports Contact:
Mac MacLeod 
Manager, Public Relations
Mobile: 704-860-1154
E-Mail: [email protected]

SOURCE CarParts.com, Inc.

Related Links

http://www.carparts.com

ACLS – Axcelis Technologies (ACLS) Q2 Earnings and Revenues Beat Estimates

Axcelis Technologies (ACLS Free Report) came out with quarterly earnings of $0.55 per share, beating the Zacks Consensus Estimate of $0.45 per share. This compares to earnings of $0.39 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 22.22%. A quarter ago, it was expected that this semiconductor services company would post earnings of $0.30 per share when it actually produced earnings of $0.48, delivering a surprise of 60%.

Over the last four quarters, the company has surpassed consensus EPS estimates three times.

Axcelis, which belongs to the Zacks Electronics – Manufacturing Machinery industry, posted revenues of $147.27 million for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 7.23%. This compares to year-ago revenues of $122.97 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Axcelis shares have added about 34.2% since the beginning of the year versus the S&P 500’s gain of 17.8%.

What’s Next for Axcelis?

While Axcelis has outperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Axcelis was favorable. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #1 (Strong Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.51 on $143.15 million in revenues for the coming quarter and $2.16 on $559.7 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Electronics – Manufacturing Machinery is currently in the top 27% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

UPST – Upstart Holdings, Inc. (UPST) Dips More Than Broader Markets: What You Should Know

In the latest trading session, Upstart Holdings, Inc. (UPST Free Report) closed at $127.98, marking a -0.54% move from the previous day. This change lagged the S&P 500’s daily loss of 0.46%.

Heading into today, shares of the company had gained 7.23% over the past month, outpacing the Computer and Technology sector’s gain of 2.57% and the S&P 500’s gain of 1.69% in that time.

Investors will be hoping for strength from UPST as it approaches its next earnings release, which is expected to be August 10, 2021.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.64 per share and revenue of $602.85 million. These totals would mark changes of +178.26% and +158.27%, respectively, from last year.

Investors should also note any recent changes to analyst estimates for UPST. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company’s business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. UPST is holding a Zacks Rank of #4 (Sell) right now.

In terms of valuation, UPST is currently trading at a Forward P/E ratio of 201.06. This valuation marks a premium compared to its industry’s average Forward P/E of 33.4.

The Computers – IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 36% 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.

You can find more information on all of these metrics, and much more, on Zacks.com.

ANGI – Angi (ANGI) Reports Q2 Loss, Misses Revenue Estimates

Angi (ANGI Free Report) came out with a quarterly loss of $0.06 per share versus the Zacks Consensus Estimate of a loss of $0.03. This compares to earnings of $0.02 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -100%. A quarter ago, it was expected that this provider of a digital marketplace for home services would post a loss of $0.04 per share when it actually produced break-even earnings, delivering a surprise of 100%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Angi, which belongs to the Zacks Internet – Content industry, posted revenues of $420.99 million for the quarter ended June 2021, missing the Zacks Consensus Estimate by 0.17%. This compares to year-ago revenues of $375.06 million. The company has topped consensus revenue estimates two times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Angi shares have lost about 15.7% since the beginning of the year versus the S&P 500’s gain of 17.8%.

What’s Next for Angi?

While Angi has underperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Angi was mixed. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.03 on $447.78 million in revenues for the coming quarter and -$0.10 on $1.68 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet – Content is currently in the bottom 19% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

SWBI – Smith & Wesson (SWBI) Dips More Than Broader Markets: What You Should Know

Smith & Wesson (SWBI Free Report) closed the most recent trading day at $24.93, moving -1.23% from the previous trading session. This change lagged the S&P 500’s daily loss of 0.46%.

Coming into today, shares of the firearm maker had lost 16.12% in the past month. In that same time, the Consumer Discretionary sector lost 4.51%, while the S&P 500 gained 1.69%.

Investors will be hoping for strength from SWBI as it approaches its next earnings release. The company is expected to report EPS of $1.26, up 29.9% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $296.2 million, up 6.56% from the year-ago period.

SWBI’s full-year Zacks Consensus Estimates are calling for earnings of $4.40 per share and revenue of $903.4 million. These results would represent year-over-year changes of -3.08% and -18.41%, respectively.

Any recent changes to analyst estimates for SWBI should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company’s business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. SWBI is currently sporting a Zacks Rank of #1 (Strong Buy).

Digging into valuation, SWBI currently has a Forward P/E ratio of 5.74. This valuation marks a discount compared to its industry’s average Forward P/E of 13.02.

The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 35, which puts it in the top 14% 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.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.

CENT – Central Garden (CENTA) Tops Q3 Earnings and Revenue Estimates

Central Garden (CENTA Free Report) came out with quarterly earnings of $1.37 per share, beating the Zacks Consensus Estimate of $0.99 per share. This compares to earnings of $1.32 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 38.38%. A quarter ago, it was expected that this pet and lawn products maker would post earnings of $1.08 per share when it actually produced earnings of $1.32, delivering a surprise of 22.22%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Central Garden, which belongs to the Zacks Consumer Products – Discretionary industry, posted revenues of $1.04 billion for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 8.68%. This compares to year-ago revenues of $833.48 million. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Central Garden shares have added about 21.5% since the beginning of the year versus the S&P 500’s gain of 17.8%.

What’s Next for Central Garden?

While Central Garden has outperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Central Garden was unfavorable. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.04 on $718.78 million in revenues for the coming quarter and $2.56 on $3.2 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Consumer Products – Discretionary is currently in the bottom 16% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

ETSY – Etsy (ETSY) Surpasses Q2 Earnings Estimates

Etsy (ETSY Free Report) came out with quarterly earnings of $0.68 per share, beating the Zacks Consensus Estimate of $0.59 per share. This compares to earnings of $0.75 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 15.25%. A quarter ago, it was expected that this online crafts marketplace would post earnings of $0.84 per share when it actually produced earnings of $1, delivering a surprise of 19.05%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Etsy, which belongs to the Zacks Internet – Services industry, posted revenues of $528.9 million for the quarter ended June 2021, missing the Zacks Consensus Estimate by 0.49%. This compares to year-ago revenues of $428.74 million. The company has topped consensus revenue estimates three times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Etsy shares have added about 7.1% since the beginning of the year versus the S&P 500’s gain of 17.8%.

What’s Next for Etsy?

While Etsy has underperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Etsy was unfavorable. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.61 on $534.03 million in revenues for the coming quarter and $2.87 on $2.28 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Internet – Services is currently in the bottom 30% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

DXC – DXC Technology Company. (DXC) Tops Q1 Earnings and Revenue Estimates

DXC Technology Company. (DXC Free Report) came out with quarterly earnings of $0.84 per share, beating the Zacks Consensus Estimate of $0.75 per share. This compares to earnings of $0.21 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 12%. A quarter ago, it was expected that this company would post earnings of $0.70 per share when it actually produced earnings of $0.74, delivering a surprise of 5.71%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

DXC Technology Company.Which belongs to the Zacks Computers – IT Services industry, posted revenues of $4.14 billion for the quarter ended June 2021, surpassing the Zacks Consensus Estimate by 0.77%. This compares to year-ago revenues of $4.5 billion. The company has topped consensus revenue estimates four times over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

DXC Technology Company. Shares have added about 68.6% since the beginning of the year versus the S&P 500’s gain of 17.8%.

What’s Next for DXC Technology Company.

While DXC Technology Company. Has outperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for DXC Technology Company. Was mixed. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.84 on $4.12 billion in revenues for the coming quarter and $3.54 on $16.69 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Computers – IT Services is currently in the bottom 36% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

ATO – Atmos Energy (ATO) Surpasses Q3 Earnings Estimates

Atmos Energy (ATO Free Report) came out with quarterly earnings of $0.78 per share, beating the Zacks Consensus Estimate of $0.74 per share. This compares to earnings of $0.79 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of 5.41%. A quarter ago, it was expected that this natural gas utility would post earnings of $2.05 per share when it actually produced earnings of $2.30, delivering a surprise of 12.20%.

Over the last four quarters, the company has surpassed consensus EPS estimates four times.

Atmos, which belongs to the Zacks Utility – Gas Distribution industry, posted revenues of $605.55 million for the quarter ended June 2021, missing the Zacks Consensus Estimate by 3.97%. This compares to year-ago revenues of $493 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Atmos shares have added about 4.5% since the beginning of the year versus the S&P 500’s gain of 17.8%.

What’s Next for Atmos?

While Atmos has underperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Atmos was favorable. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #2 (Buy) for the stock. So, the shares are expected to outperform the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.39 on $615.75 million in revenues for the coming quarter and $5.08 on $3.48 billion in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Utility – Gas Distribution is currently in the top 33% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

DNLI – Denali Therapeutics Inc. (DNLI) Reports Q2 Loss, Lags Revenue Estimates

Denali Therapeutics Inc. (DNLI Free Report) came out with a quarterly loss of $0.50 per share versus the Zacks Consensus Estimate of a loss of $0.37. This compares to loss of $0.56 per share a year ago. These figures are adjusted for non-recurring items.

This quarterly report represents an earnings surprise of -35.14%. A quarter ago, it was expected that this company would post a loss of $0.37 per share when it actually produced a loss of $0.58, delivering a surprise of -56.76%.

Over the last four quarters, the company has surpassed consensus EPS estimates just once.

Denali Therapeutics Inc.Which belongs to the Zacks Medical – Biomedical and Genetics industry, posted revenues of $22.94 million for the quarter ended June 2021, missing the Zacks Consensus Estimate by 28.56%. This compares to year-ago revenues of $5.85 million. The company has topped consensus revenue estimates just once over the last four quarters.

The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.

Denali Therapeutics Inc. Shares have lost about 39% since the beginning of the year versus the S&P 500’s gain of 17.8%.

What’s Next for Denali Therapeutics Inc.

While Denali Therapeutics Inc. Has underperformed the market so far this year, the question that comes to investors’ minds is: what’s next for the stock?

There are no easy answers to this key question, but one reliable measure that can help investors address this is the company’s earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.

Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.

Ahead of this earnings release, the estimate revisions trend for Denali Therapeutics Inc. Was unfavorable. While the magnitude and direction of estimate revisions could change following the company’s just-released earnings report, the current status translates into a Zacks Rank #4 (Sell) for the stock. So, the shares are expected to underperform the market in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is -$0.47 on $26.25 million in revenues for the coming quarter and -$1.84 on $100.1 million in revenues for the current fiscal year.

Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Medical – Biomedical and Genetics is currently in the bottom 20% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.