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.
CarGurus and Bowlero have been highlighted as Zacks Bull and Bear of the Day
Read MoreHide Full Article
For Immediate Release
Chicago, IL – August 23, 2024 – Zacks Equity Research shares CarGurus (CARG - Free Report) as the Bull of the Day and Bowlero (BOWL - Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on NVIDIA Corp. (NVDA - Free Report) .
Everyone has their eyes set on Friday’s speech from Fed Chair Powell. The Jackson Hole presentation has the power to rock this market. If we get confirmation of rate hikes in September, then the market will likely rejoice. If we get the opposite, then it’s "look out below!"
These sort of macro headlines and risks are never going away. There’s always a risk du-jour that markets have to contend with. Keep your eyes on the prize and focus on the long-term, that is the way to win. Focus your efforts on stocks with strong earnings trends likely to continue to grow over time. One way to find these stocks is by leaning on the Zacks Rank. Stocks in the good graces of our Zacks Rank have the strongest earnings trends.
One such stock is today’s Bull of the Day, Zacks Rank #1 (Strong Buy) CarGurus. CarGurus, Inc. is an online automotive marketplace connecting buyers and sellers of new and used cars. The company uses proprietary technology, search algorithms and data analytics. It operates primarily in Canada, the United Kingdom and Germany.
The Automotive – Replacement Parts industry is in the Top 3% of our Zacks Industry Rank. While we categorize this company in that industry, it’s a bit of a misnomer based on its underlying business. However, the stock is currently a Zacks Rank #1 (Strong Buy). The reason for the favorable rank is that several analysts have increased their earnings estimates for the current year and next year.
Over the last thirty days alone, six analysts have upped the ante for this year while four have done so for next year. The bullish sentiment has increased our Zacks Consensus Estimate for the current year from $1.45 to $1.62 while next year’s number is up from $1.75 to $1.88.
That means that current year EPS growth calls for 31.71% growth while next year’s is up 15.64%. That’s on a revenue contraction of 3.4% this year and forecasted revenue growth of 8.2% next year.
We are seeing all sorts of stocks rally sharply off their lows. The S&P 500 is only a couple of percentage points off all-time highs heading into Thursday afternoon, something Fed Chair Powell’s speech could catapult even higher. It can make you feel like any stock you pick is going to rocket higher. Beware, because the stocks which perform over the long run are typically the ones with the strongest earnings trends, not the weakest.
Stocks which have unfavorable Zacks Ranks have seen analysts cut expectations for the coming years. These stocks are ones investors need to be aware of. Even long-term investors in the stock may not have known estimates are slipping. It’s not a reason to panic sell, but it is a reason to take a closer look.
Today’s Bear of the Day is Zacks Rank #5 (Strong Sell) Bowlero. Bowlero Corp. is an owner and operator of bowling centers as well as owner of the Professional Bowlers Association. The company operates 352 locations across North America.
The reason for the unfavorable rank is a series of negative estimate revisions following yet another earnings miss. Last quarter’s EPS number came in 45% shy of expectations. The company has missed every analyst expectation this year, missing by an average of a dime each time.
Current year EPS is now forecast to come in at a 20-cent loss. Next year’s number is expected to come in at 32 cents. That puts Bowlero’s forward PE at 35x.
The Leisure and Recreation Services industry ranks in the Bottom 30% of our Zacks Industry Rank.
Additional content:
NVIDIA Earnings Preview: Will It Beat Again?
Second quarter earnings season is winding down but not before the AI industry leader, NVIDIA Corp., reports its fiscal second quarter 2025 results. This is the report everyone has been waiting for.
Shares of NVIDIA are up 153% year-to-date. But over the last month, NVIDIA has cooled, and is up “just” 6.4%.
It now trades with a forward P/E of 48 but it has an attractive PEG ratio of just 1.3.
NVIDIA is a Zacks Rank #2 (Buy) stock.
Is NVIDIA an Earnings All-Star?
NVIDIA has beat 6 quarters in a row, all of those during the new “AI revolution.” It also has only missed 2 times in the last 5 years, both in 2022. That’s a great track record as it was beating throughout the difficult Covid pandemic years.
The analysts are bullish going into this report. One estimate has been revised higher on NVIDIA for the fiscal year in the last week.
Earnings are now expected to jump 107% year-over-year with the Zacks Consensus rising to $2.69 versus the $1.30 it made last year in fiscal 2024.
NVIDIA has been beating AND raising its earnings guidance the last few quarters.
It reports Fiscal Q2 2025 on Wednesday, Aug 28, 2024, after the market closes.
Will NVIDIA beat expectations again?
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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
CarGurus and Bowlero have been highlighted as Zacks Bull and Bear of the Day
For Immediate Release
Chicago, IL – August 23, 2024 – Zacks Equity Research shares CarGurus (CARG - Free Report) as the Bull of the Day and Bowlero (BOWL - Free Report) as the Bear of the Day. In addition, Zacks Equity Research provides analysis on NVIDIA Corp. (NVDA - Free Report) .
Here is a synopsis of all three stocks.
Bull of the Day:
Everyone has their eyes set on Friday’s speech from Fed Chair Powell. The Jackson Hole presentation has the power to rock this market. If we get confirmation of rate hikes in September, then the market will likely rejoice. If we get the opposite, then it’s "look out below!"
These sort of macro headlines and risks are never going away. There’s always a risk du-jour that markets have to contend with. Keep your eyes on the prize and focus on the long-term, that is the way to win. Focus your efforts on stocks with strong earnings trends likely to continue to grow over time. One way to find these stocks is by leaning on the Zacks Rank. Stocks in the good graces of our Zacks Rank have the strongest earnings trends.
One such stock is today’s Bull of the Day, Zacks Rank #1 (Strong Buy) CarGurus. CarGurus, Inc. is an online automotive marketplace connecting buyers and sellers of new and used cars. The company uses proprietary technology, search algorithms and data analytics. It operates primarily in Canada, the United Kingdom and Germany.
The Automotive – Replacement Parts industry is in the Top 3% of our Zacks Industry Rank. While we categorize this company in that industry, it’s a bit of a misnomer based on its underlying business. However, the stock is currently a Zacks Rank #1 (Strong Buy). The reason for the favorable rank is that several analysts have increased their earnings estimates for the current year and next year.
Over the last thirty days alone, six analysts have upped the ante for this year while four have done so for next year. The bullish sentiment has increased our Zacks Consensus Estimate for the current year from $1.45 to $1.62 while next year’s number is up from $1.75 to $1.88.
That means that current year EPS growth calls for 31.71% growth while next year’s is up 15.64%. That’s on a revenue contraction of 3.4% this year and forecasted revenue growth of 8.2% next year.
Bear of the Day:
We are seeing all sorts of stocks rally sharply off their lows. The S&P 500 is only a couple of percentage points off all-time highs heading into Thursday afternoon, something Fed Chair Powell’s speech could catapult even higher. It can make you feel like any stock you pick is going to rocket higher. Beware, because the stocks which perform over the long run are typically the ones with the strongest earnings trends, not the weakest.
Stocks which have unfavorable Zacks Ranks have seen analysts cut expectations for the coming years. These stocks are ones investors need to be aware of. Even long-term investors in the stock may not have known estimates are slipping. It’s not a reason to panic sell, but it is a reason to take a closer look.
Today’s Bear of the Day is Zacks Rank #5 (Strong Sell) Bowlero. Bowlero Corp. is an owner and operator of bowling centers as well as owner of the Professional Bowlers Association. The company operates 352 locations across North America.
The reason for the unfavorable rank is a series of negative estimate revisions following yet another earnings miss. Last quarter’s EPS number came in 45% shy of expectations. The company has missed every analyst expectation this year, missing by an average of a dime each time.
Current year EPS is now forecast to come in at a 20-cent loss. Next year’s number is expected to come in at 32 cents. That puts Bowlero’s forward PE at 35x.
The Leisure and Recreation Services industry ranks in the Bottom 30% of our Zacks Industry Rank.
Additional content:
NVIDIA Earnings Preview: Will It Beat Again?
Second quarter earnings season is winding down but not before the AI industry leader, NVIDIA Corp., reports its fiscal second quarter 2025 results. This is the report everyone has been waiting for.
Shares of NVIDIA are up 153% year-to-date. But over the last month, NVIDIA has cooled, and is up “just” 6.4%.
It now trades with a forward P/E of 48 but it has an attractive PEG ratio of just 1.3.
NVIDIA is a Zacks Rank #2 (Buy) stock.
Is NVIDIA an Earnings All-Star?
NVIDIA has beat 6 quarters in a row, all of those during the new “AI revolution.” It also has only missed 2 times in the last 5 years, both in 2022. That’s a great track record as it was beating throughout the difficult Covid pandemic years.
The analysts are bullish going into this report. One estimate has been revised higher on NVIDIA for the fiscal year in the last week.
Earnings are now expected to jump 107% year-over-year with the Zacks Consensus rising to $2.69 versus the $1.30 it made last year in fiscal 2024.
NVIDIA has been beating AND raising its earnings guidance the last few quarters.
It reports Fiscal Q2 2025 on Wednesday, Aug 28, 2024, after the market closes.
Will NVIDIA beat expectations again?
Why Haven't You Looked at Zacks' Top Stocks?
Since 2000, our top stock-picking strategies have blown away the S&P's +7.0 average gain per year. Amazingly, they soared with average gains of +44.9%, +48.4% and +55.2% per year.
Today you can access their live picks without cost or obligation.
See Stocks Free >>
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
https://www.zacks.com
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
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.