Joby Aviation, Inc. (JOBY) Moves 11.8% Higher: Will This Strength Last?
Shares of the company rose following the announcement that it completed a series of test flights in Dubai. The company aims to revolutionize travel in Dubai while reducing traffic congestion.
This company is expected to post quarterly loss of $0.19 per share in its upcoming report, which represents a year-over-year change of -5.6%. Revenues are expected to be $0.05 million, up 66.7% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Joby Aviation, Inc., the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on JOBY going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Joby Aviation, Inc. is part of the Zacks Transportation - Airline industry. Surf Air Mobility Inc. (SRFM), another stock in the same industry, closed the last trading session 12.8% higher at $3.69. SRFM has returned 40.3% in the past month.
For Surf Air Mobility Inc., the consensus EPS estimate for the upcoming report has changed -0.4% over the past month to -$0.91. This represents a change of +53.6% from what the company reported a year ago. Surf Air Mobility Inc. currently has a Zacks Rank of #2 (Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Joby Aviation, Inc. (JOBY) : Free Stock Analysis Report
Surf Air Mobility Inc. (SRFM) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
Try Our AI Features
Explore what Daily8 AI can do for you:
Comments
No comments yet...
Related Articles
Yahoo
7 hours ago
- Yahoo
Toast (TOST) Earnings Expected to Grow: What to Know Ahead of Next Week's Release
The market expects Toast (TOST) to deliver a year-over-year increase in earnings on higher revenues when it reports results for the quarter ended June 2025. This widely-known consensus outlook is important in assessing the company's earnings picture, but a powerful factor that might influence its near-term stock price is how the actual results compare to these estimates. The earnings report, which is expected to be released on August 5, might help the stock move higher if these key numbers are better than expectations. On the other hand, if they miss, the stock may move lower. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. Zacks Consensus Estimate This restaurant software provider is expected to post quarterly earnings of $0.24 per share in its upcoming report, which represents a year-over-year change of +1100%. Revenues are expected to be $1.53 billion, up 23.4% from the year-ago quarter. Estimate Revisions Trend The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. Investors should keep in mind that an aggregate change may not always reflect the direction of estimate revisions by each of the covering analysts. Price, Consensus and EPS Surprise Earnings Whisper Estimate revisions ahead of a company's earnings release offer clues to the business conditions for the period whose results are coming out. This insight is at the core of our proprietary surprise prediction model -- the Zacks Earnings ESP (Expected Surprise Prediction). The Zacks Earnings ESP compares the Most Accurate Estimate to the Zacks Consensus Estimate for the quarter; the Most Accurate Estimate is a more recent version of the Zacks Consensus EPS estimate. The idea here is that analysts revising their estimates right before an earnings release have the latest information, which could potentially be more accurate than what they and others contributing to the consensus had predicted earlier. Thus, a positive or negative Earnings ESP reading theoretically indicates the likely deviation of the actual earnings from the consensus estimate. However, the model's predictive power is significant for positive ESP readings only. A positive Earnings ESP is a strong predictor of an earnings beat, particularly when combined with a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold). Our research shows that stocks with this combination produce a positive surprise nearly 70% of the time, and a solid Zacks Rank actually increases the predictive power of Earnings ESP. Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell). How Have the Numbers Shaped Up for Toast? For Toast, the Most Accurate Estimate is higher than the Zacks Consensus Estimate, suggesting that analysts have recently become bullish on the company's earnings prospects. This has resulted in an Earnings ESP of +1.70%. On the other hand, the stock currently carries a Zacks Rank of #4. So, this combination makes it difficult to conclusively predict that Toast will beat the consensus EPS estimate. Does Earnings Surprise History Hold Any Clue? Analysts often consider to what extent a company has been able to match consensus estimates in the past while calculating their estimates for its future earnings. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number. For the last reported quarter, it was expected that Toast would post earnings of $0.19 per share when it actually produced earnings of $0.20, delivering a surprise of +5.26%. Over the last four quarters, the company has beaten consensus EPS estimates three times. Bottom Line An earnings beat or miss may not be the sole basis for a stock moving higher or lower. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. Toast doesn't appear a compelling earnings-beat candidate. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Stay on top of upcoming earnings announcements with the Zacks Earnings Calendar. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Toast, Inc. (TOST) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Yahoo
Are Basic Materials Stocks Lagging Barrick Mining Corporation (B) This Year?
The Basic Materials group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Barrick Mining (B) is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question. Barrick Mining is a member of the Basic Materials sector. This group includes 238 individual stocks and currently holds a Zacks Sector Rank of #13. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the average Zacks Rank of the individual stocks within the groups. The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Barrick Mining is currently sporting a Zacks Rank of #1 (Strong Buy). The Zacks Consensus Estimate for B's full-year earnings has moved 18.2% higher within the past quarter. This shows that analyst sentiment has improved and the company's earnings outlook is stronger. Based on the latest available data, B has gained about 36.1% so far this year. In comparison, Basic Materials companies have returned an average of 9.7%. As we can see, Barrick Mining is performing better than its sector in the calendar year. One other Basic Materials stock that has outperformed the sector so far this year is Newmont Corporation (NEM). The stock is up 67.4% year-to-date. Over the past three months, Newmont Corporation's consensus EPS estimate for the current year has increased 31.2%. The stock currently has a Zacks Rank #1 (Strong Buy). Looking more specifically, Barrick Mining belongs to the Mining - Gold industry, which includes 39 individual stocks and currently sits at #43 in the Zacks Industry Rank. Stocks in this group have gained about 53% so far this year, so B is slightly underperforming its industry this group in terms of year-to-date returns. Newmont Corporation is also part of the same industry. Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Barrick Mining and Newmont Corporation as they could maintain their solid performance. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Barrick Mining Corporation (B) : Free Stock Analysis Report Newmont Corporation (NEM) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
a day ago
- Yahoo
A Dream Combination: 3 Value Stocks with Growth
(0:30) - Stock Screener: Can You Find Strong Value Stocks With Growth? (6:45) - Tracey's Top Stock Picks (22:25) - Episode Roundup: ADDYY, ARRY, NX Podcast@ Welcome to Episode #413 of the Value Investor Podcast. Every week, Tracey Ryniec, the editor of Zacks Value Investor portfolio, shares some of her top value investing tips and stock picks. Growth stocks continue to rally. This usually depresses value investors who think they can't be in that trade. But what if they could? What if value investors could buy cheap stocks that also have growth? Screening for Value Stocks with Growth There's one key metric value investors can rely on to find value plus growth and that is the PEG ratio. The PEG ratio, first utilized by Warren Buffett's boss and mentor, Benjamin Graham, uses the price-to-earnings (P/E) ratio divided by earnings growth. Investors get the best of both worlds, both value and growth, with one ratio. The PEG must be below 1.0 to get the cheapest stocks. Tracey also added the top Zacks Ranks of #1 (Strong Buy) and #2 (Buy) and screened for stocks over $5 so as to not get any penny stocks. The screen also looks for current average broker recommendations of 2.5 and under. This screen returned 19 matches. 3 Value Stocks with Growth 1. Adidas AG (ADDYY) Adidas, the large cap athletic shoe and apparel company, is expected to see earnings grow 88.3% in 2025 and 47.3% in 2026. Why are Adidas shares down 17.6% over the last 5 sessions? The shoe retailers are facing tariff risks and the possibility of a consumer slowdown. Adidas' price-to-earnings (P/E) ratio isn't as low as others. It's trading at 26x. But with that big growth, the PEG is still low, at 0.5. Is Adidas a deal after this sell-off? 2. Quanex Building Products Corp. (NX) Quanex Building Products is a small cap company with a mark cap of $918 million. It manufactures products for the building industry, both residential and commercial, including doors and windows. Earnings for Quanex are expected to rise 19.6% in 2025 and another 14.1% in 2026. Shares have come down 18.8% year-to-date as building has slowed. With a forward P/E of just 7.4, Quanex has a PEG ratio of 0.5. Quanex also pays a dividend, yielding 1.6%. Should a small cap company like Quanex be on your short list? 3. Array Technologies, Inc. (ARRY) Array Technologies is a small cap company which makes solar tracking technology. The solar industry has been uncertain in 2025 with tariffs and changes to solar incentives. Shares of Array Technologies have fallen 11.7% in the last week. Year-to-date it's up 1%. But earnings are expected to be up 10% in 2025 and 35% in 2026. Array has a low P/E of just 9.9. A P/E ratio under 10 usually indicates a company is dirt cheap. With the expected growth, it has a PEG ratio of 0.46. Should value investors take a chance on Array Technologies? What Else Should You Know About Value Stocks with Growth? Tune into this week's podcast to find out. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Adidas AG (ADDYY) : Free Stock Analysis Report Quanex Building Products Corporation (NX) : Free Stock Analysis Report Array Technologies, Inc. (ARRY) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
