We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
The Zacks Analyst Blog Highlights: United States Steel, Provident Financial Services, Dime Community Bancshares, Viper Energy Partners and Vishay Intertechnology
Read MoreHide Full Article
For Immediate Release
Chicago, IL – April 30, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: United States Steel Corporation (X - Free Report) , Provident Financial Services, Inc. (PFS - Free Report) , Dime Community Bancshares, Inc. (DCOM - Free Report) , Viper Energy Partners LP (VNOM - Free Report) and Vishay Intertechnology, Inc. (VSH - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top 5 High-Flying Mid-Cap Stocks Set to Beat on Q1 Earnings
The first-quarter 2021 earnings season is in full swing delivering highly impressive results. As of Apr 28, 201 S&P 500 companies reported results. Total earnings of these companies are up 49.8% year over year on 7.2% higher revenues, with 84.6% companies having surpassed EPS estimates and 76.6% beating on revenues.
For the first quarter as a whole, total earnings of the S&P 500 companies are expected to be up 35.2% from the same period last year on 7.2% higher revenues. These estimates compare favorably with the 20.4% jump in earnings on 5.6% higher revenues projected at the beginning of the reporting cycle.
Meanwhile, in line with impressive earnings results, five mid-cap ( market capital > $1 billion < $10 billion) stocks with a favorable Zacks Rank are set to beat on first-quarter earnings results within the next seven days. Notably, these stocks offered double-digit returns last quarter. Investment in these stocks is likely to provide a solid upside in the near future.
Mid Caps in Q1 At a Glance
Aside from large-cap and small-cap stocks, mid caps stocks witnessed a strong rally in first-quarter 2021. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — rallied 7.8%, 5.8% and 2.8%, respectively. The two small-cap centric indexes — the Russell 2000 and the S&P 600 — jumped 12.4% and 17.9%, respectively. Meanwhile, the mid-cap specific S&P 400 climbed 13.1% in the same period.
In the first quarter, corporate revenues and profits across the board had been boosted by an aggressive deployment of nationwide COVID-19 vaccinations, faster-than-expected reopening of the economy, unprecedented fiscal stimulus injected by the government and an extremely accommodative Fed. Mid-sized companies were no exceptions.
Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after the earnings releases. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
United States Steel produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled, U. S. Steel Europe, and Tubular Products. The company has an Earnings ESP of +29.67%.
United States Steel has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 15.5% over the last 30 days. It has a trailing four-quarter earnings surprise of 21.6%, on average. This Zacks Rank #2 company will release earnings results on Apr 29, after the closing bell.
Provident Financial Services operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. The company has an Earnings ESP of +1.78%.
Provident Financial Services has an expected earnings growth rate of 14.4% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.8% over the last 30 days. It has a trailing four-quarter earnings surprise of 31.1%, on average. This Zacks Rank #2 company will release earnings results on Apr 30, before the opening bell.
Dime Community Bancshares operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It provides deposit and loan products and financial services to local businesses, consumers and municipalities. This Zacks Rank #2 company has an Earnings ESP of +6.83%.
Dime Community Bancshares has an expected earnings growth rate of 3.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 6.1% over the last 30 days. The company will release earnings results on Apr 30, before the opening bell.
Viper Energy Partners is an independent oil & gas exploration and production company. The partnership has mineral interest in prolific oil-rich shale plays like the Eagle Ford and Permian Basin. This Zacks Rank #2 company has an Earnings ESP of +40.00%.
The Zacks Consensus Estimate for Viper Energy's for current-year earnings has improved 20% over the last 7 days. It has a trailing four-quarter earnings surprise of 279.5%, on average. The company will release earnings results on May 3, after the closing bell.
Vishay Intertechnology manufactures and supplies discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. It operates through six segments: Metal Oxide Semiconductor Field Effect Transistors, Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors. This Zacks Rank #1 company has an Earnings ESP of +5.22%.
Vishay Intertechnology has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 10.4% over the last 30 days. It has a trailing four-quarter earnings surprise of 66.8%, on average. The company will release earnings results on May 4, before the opening bell.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for "stay at home" technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
The Zacks Analyst Blog Highlights: United States Steel, Provident Financial Services, Dime Community Bancshares, Viper Energy Partners and Vishay Intertechnology
For Immediate Release
Chicago, IL – April 30, 2021 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog include: United States Steel Corporation (X - Free Report) , Provident Financial Services, Inc. (PFS - Free Report) , Dime Community Bancshares, Inc. (DCOM - Free Report) , Viper Energy Partners LP (VNOM - Free Report) and Vishay Intertechnology, Inc. (VSH - Free Report) .
Here are highlights from Thursday’s Analyst Blog:
Top 5 High-Flying Mid-Cap Stocks Set to Beat on Q1 Earnings
The first-quarter 2021 earnings season is in full swing delivering highly impressive results. As of Apr 28, 201 S&P 500 companies reported results. Total earnings of these companies are up 49.8% year over year on 7.2% higher revenues, with 84.6% companies having surpassed EPS estimates and 76.6% beating on revenues.
For the first quarter as a whole, total earnings of the S&P 500 companies are expected to be up 35.2% from the same period last year on 7.2% higher revenues. These estimates compare favorably with the 20.4% jump in earnings on 5.6% higher revenues projected at the beginning of the reporting cycle.
Meanwhile, in line with impressive earnings results, five mid-cap ( market capital > $1 billion < $10 billion) stocks with a favorable Zacks Rank are set to beat on first-quarter earnings results within the next seven days. Notably, these stocks offered double-digit returns last quarter. Investment in these stocks is likely to provide a solid upside in the near future.
Mid Caps in Q1 At a Glance
Aside from large-cap and small-cap stocks, mid caps stocks witnessed a strong rally in first-quarter 2021. The three major stock indexes — the Dow, the S&P 500 and the Nasdaq Composite — rallied 7.8%, 5.8% and 2.8%, respectively. The two small-cap centric indexes — the Russell 2000 and the S&P 600 — jumped 12.4% and 17.9%, respectively. Meanwhile, the mid-cap specific S&P 400 climbed 13.1% in the same period.
In the first quarter, corporate revenues and profits across the board had been boosted by an aggressive deployment of nationwide COVID-19 vaccinations, faster-than-expected reopening of the economy, unprecedented fiscal stimulus injected by the government and an extremely accommodative Fed. Mid-sized companies were no exceptions.
Our Top Picks
We have narrowed our search to five mid-cap stocks each of which carries either a Zacks Rank #1 (Strong Buy) or 2 (Buy) and has a positive Earnings ESP. You can see the complete list of today's Zacks #1 Rank stocks here.
Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after the earnings releases. You can uncover the best stocks to buy or sell before they're reported with our Earnings ESP Filter.
United States Steel produces and sells flat-rolled and tubular steel products primarily in North America and Europe. It operates through three segments: North American Flat-Rolled, U. S. Steel Europe, and Tubular Products. The company has an Earnings ESP of +29.67%.
United States Steel has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 15.5% over the last 30 days. It has a trailing four-quarter earnings surprise of 21.6%, on average. This Zacks Rank #2 company will release earnings results on Apr 29, after the closing bell.
Provident Financial Services operates as the bank holding company for Provident Bank that provides various banking products and services to individuals, families, and businesses in the United States. The company has an Earnings ESP of +1.78%.
Provident Financial Services has an expected earnings growth rate of 14.4% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 1.8% over the last 30 days. It has a trailing four-quarter earnings surprise of 31.1%, on average. This Zacks Rank #2 company will release earnings results on Apr 30, before the opening bell.
Dime Community Bancshares operates as the holding company for Dime Community Bank that provides commercial banking and financial services in New York. It provides deposit and loan products and financial services to local businesses, consumers and municipalities. This Zacks Rank #2 company has an Earnings ESP of +6.83%.
Dime Community Bancshares has an expected earnings growth rate of 3.2% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 6.1% over the last 30 days. The company will release earnings results on Apr 30, before the opening bell.
Viper Energy Partners is an independent oil & gas exploration and production company. The partnership has mineral interest in prolific oil-rich shale plays like the Eagle Ford and Permian Basin. This Zacks Rank #2 company has an Earnings ESP of +40.00%.
The Zacks Consensus Estimate for Viper Energy's for current-year earnings has improved 20% over the last 7 days. It has a trailing four-quarter earnings surprise of 279.5%, on average. The company will release earnings results on May 3, after the closing bell.
Vishay Intertechnology manufactures and supplies discrete semiconductors and passive electronic components in Asia, Europe, and the Americas. It operates through six segments: Metal Oxide Semiconductor Field Effect Transistors, Diodes, Optoelectronic Components, Resistors, Inductors, and Capacitors. This Zacks Rank #1 company has an Earnings ESP of +5.22%.
Vishay Intertechnology has an expected earnings growth rate of more than 100% for the current year. The Zacks Consensus Estimate for current-year earnings has improved 10.4% over the last 30 days. It has a trailing four-quarter earnings surprise of 66.8%, on average. The company will release earnings results on May 4, before the opening bell.
These Stocks Are Poised to Soar Past the Pandemic
The COVID-19 outbreak has shifted consumer behavior dramatically, and a handful of high-tech companies have stepped up to keep America running. Right now, investors in these companies have a shot at serious profits. For example, Zoom jumped 108.5% in less than 4 months while most other stocks were sinking.
Our research shows that 5 cutting-edge stocks could skyrocket from the exponential increase in demand for "stay at home" technologies. This could be one of the biggest buying opportunities of this decade, especially for those who get in early.
See the 5 high-tech stocks now>>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
support@zacks.com
https://www.zacks.com
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.