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a day ago
- Business
- Yahoo
Connection (CNXN) Reports Q2: Everything You Need To Know Ahead Of Earnings
IT solutions provider Connection (NASDAQ:CNXN) will be reporting results this Wednesday after market close. Here's what investors should know. Connection beat analysts' revenue expectations by 8.5% last quarter, reporting revenues of $701 million, up 10.9% year on year. It was an incredible quarter for the company, with an impressive beat of analysts' EPS estimates. Is Connection a buy or sell going into earnings? Read our full analysis here, it's free. This quarter, analysts are expecting Connection's revenue to grow 3.7% year on year to $764.1 million, improving from its flat revenue in the same quarter last year. Adjusted earnings are expected to come in at $0.91 per share. Analysts covering the company have generally reconfirmed their estimates over the last 30 days, suggesting they anticipate the business to stay the course heading into earnings. Connection has missed Wall Street's revenue estimates five times over the last two years. Looking at Connection's peers in the tech hardware & electronics segment, some have already reported their Q2 results, giving us a hint as to what we can expect. TD SYNNEX delivered year-on-year revenue growth of 7.2%, beating analysts' expectations by 4.4%, and Amphenol reported revenues up 56.5%, topping estimates by 11.9%. TD SYNNEX traded up 7.9% following the results while Amphenol was also up 2.6%. Read our full analysis of TD SYNNEX's results here and Amphenol's results here. There has been positive sentiment among investors in the tech hardware & electronics segment, with share prices up 2.3% on average over the last month. Connection is down 1.9% during the same time and is heading into earnings with an average analyst price target of $76 (compared to the current share price of $64.51). Unless you've been living under a rock, it should be obvious by now that generative AI is going to have a huge impact on how large corporations do business. While Nvidia and AMD are trading close to all-time highs, we prefer a lesser-known (but still profitable) semiconductor stock benefiting from the rise of AI. Click here to access our free report on our favorite semiconductor growth story. StockStory is growing and hiring equity analyst and marketing roles. Are you a 0 to 1 builder passionate about the markets and AI? See the open roles here. Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
a day ago
- Business
- Yahoo
NRG Energy (NRG) Beats Stock Market Upswing: What Investors Need to Know
NRG Energy (NRG) closed the most recent trading day at $158.54, moving +1.25% from the previous trading session. The stock exceeded the S&P 500, which registered a gain of 0.02% for the day. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq added 0.33%. Coming into today, shares of the power company had lost 3.74% in the past month. In that same time, the Utilities sector gained 1.54%, while the S&P 500 gained 4.93%. Investors will be eagerly watching for the performance of NRG Energy in its upcoming earnings disclosure. The company's earnings report is set to be unveiled on August 6, 2025. In that report, analysts expect NRG Energy to post earnings of $1.18 per share. This would mark a year-over-year decline of 20.27%. Meanwhile, the latest consensus estimate predicts the revenue to be $6.31 billion, indicating a 5.26% decrease compared to the same quarter of the previous year. For the full year, the Zacks Consensus Estimates are projecting earnings of $7.81 per share and revenue of $28.87 billion, which would represent changes of +17.62% and +2.64%, respectively, from the prior year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for NRG Energy. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.58% higher. NRG Energy presently features a Zacks Rank of #3 (Hold). Investors should also note NRG Energy's current valuation metrics, including its Forward P/E ratio of 20.05. This represents a premium compared to its industry average Forward P/E of 18.46. We can also see that NRG currently has a PEG ratio of 1.3. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Utility - Electric Power stocks are, on average, holding a PEG ratio of 2.62 based on yesterday's closing prices. The Utility - Electric Power industry is part of the Utilities sector. This industry, currently bearing a Zacks Industry Rank of 56, finds itself in the top 23% echelons 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. Keep in mind to rely on to watch all these stock-impacting metrics, and more, in the succeeding trading sessions. 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 NRG Energy, Inc. (NRG) : 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
- Business
- Yahoo
Duolingo, Inc. (DUOL) Stock Sinks As Market Gains: What You Should Know
In the latest close session, Duolingo, Inc. (DUOL) was down 6.48% at $340.49. The stock fell short of the S&P 500, which registered a gain of 0.02% for the day. Meanwhile, the Dow experienced a drop of 0.14%, and the technology-dominated Nasdaq saw an increase of 0.33%. Heading into today, shares of the company had lost 11.47% over the past month, lagging the Business Services sector's gain of 1.39% and the S&P 500's gain of 4.93%. The investment community will be closely monitoring the performance of Duolingo, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on August 6, 2025. It is anticipated that the company will report an EPS of $0.55, marking a 7.84% rise compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $240.54 million, reflecting a 34.89% rise from the equivalent quarter last year. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.9 per share and a revenue of $995.83 million, indicating changes of +54.26% and +33.13%, respectively, from the former year. Investors should also pay attention to any latest changes in analyst estimates for Duolingo, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model. 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. Over the past month, the Zacks Consensus EPS estimate has shifted 0.25% downward. Duolingo, Inc. presently features a Zacks Rank of #4 (Sell). In terms of valuation, Duolingo, Inc. is presently being traded at a Forward P/E ratio of 125.67. Its industry sports an average Forward P/E of 21.34, so one might conclude that Duolingo, Inc. is trading at a premium comparatively. It is also worth noting that DUOL currently has a PEG ratio of 2.8. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Technology Services industry currently had an average PEG ratio of 1.6 as of yesterday's close. The Technology Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 83, positioning it in the top 34% of all 250+ industries. The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Remember to apply to follow these and more stock-moving metrics during the upcoming trading sessions. 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 Duolingo, Inc. (DUOL) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Error while retrieving data Sign in to access your portfolio Error while retrieving data Error while retrieving data Error while retrieving data Error while retrieving data
Yahoo
a day ago
- Business
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Hims & Hers Health, Inc. (HIMS) Outperforms Broader Market: What You Need to Know
Hims & Hers Health, Inc. (HIMS) closed at $58.68 in the latest trading session, marking a +1.79% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.02%. Meanwhile, the Dow experienced a drop of 0.14%, and the technology-dominated Nasdaq saw an increase of 0.33%. The stock of company has risen by 16.68% in the past month, leading the Medical sector's gain of 1.92% and the S&P 500's gain of 4.93%. The investment community will be closely monitoring the performance of Hims & Hers Health, Inc. in its forthcoming earnings report. The company is scheduled to release its earnings on August 4, 2025. On that day, Hims & Hers Health, Inc. is projected to report earnings of $0.18 per share, which would represent year-over-year growth of 200%. At the same time, our most recent consensus estimate is projecting a revenue of $551.84 million, reflecting a 74.83% rise from the equivalent quarter last year. For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.75 per share and a revenue of $2.35 billion, signifying shifts of +177.78% and +58.88%, respectively, from the last year. Investors should also note any recent changes to analyst estimates for Hims & Hers Health, Inc. Recent revisions tend to reflect the latest near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential. Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system. The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 0.27% higher. Right now, Hims & Hers Health, Inc. possesses a Zacks Rank of #1 (Strong Buy). From a valuation perspective, Hims & Hers Health, Inc. is currently exchanging hands at a Forward P/E ratio of 77.22. This expresses a premium compared to the average Forward P/E of 27.59 of its industry. Also, we should mention that HIMS has a PEG ratio of 2.13. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Medical Info Systems industry stood at 3.15 at the close of the market yesterday. The Medical Info Systems industry is part of the Medical sector. This industry, currently bearing a Zacks Industry Rank of 74, finds itself in the top 30% echelons of all 250+ industries. The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Ensure to harness to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. 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 Hims & Hers Health, Inc. (HIMS) : 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
2 days ago
- Automotive
- Yahoo
Tesla, Inc. (TSLA)'s 'A Cult Stock,' Says Jim Cramer
We recently published . Tesla, Inc. (NASDAQ:TSLA) is one of the stocks Jim Cramer recently discussed. Tesla, Inc. (NASDAQ:TSLA) continues to face a horrible time on the stock market in 2025. The firm's shares have lost 16.7% year-to-date and fell by 8.2% after its latest earnings report, which missed analyst revenue and earnings estimates. The results were so bad that even Cramer, who believes that Tesla, Inc. (NASDAQ:TSLA)'s potential is in emerging technologies such as robotics, was forced to do somewhat of a turnaround: '[on revenue, vehicle sold, carbon credit all down] Okay, so you listen to the conference call, and they made it so that those don't matter. All that matters is self drive, autonomous. I'm not kidding. Robotaxi, uh, Austin, California. And then there's some lines, which says, where he's saying, and David you'll get a kick out of this I'm sure, he's talking about like in a few years like everyone's gonna be in this. The robotaxi's like going great. I mean, it's not doing anything. This was a call that was a fatuous call. David, I left out Turkey, number one. Netherlands and Austria. I knew that Austrian market, that was it. 'It's a cult stock. . . This was not the kind of conference call that I expected. I did not expect an immediate pivot to robots and the self driving and the robotaxi. While we acknowledge the potential of TSLA as an investment, our conviction lies in the belief that some AI stocks hold greater promise for delivering higher returns and have limited downside risk. If you are looking for an extremely cheap AI stock that is also a major beneficiary of Trump tariffs and onshoring, see our free report on the . READ NEXT: 30 Stocks That Should Double in 3 Years and 11 Hidden AI Stocks to Buy Right Now. Disclosure: None. This article is originally published at Insider Monkey. 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
