We’d love your feedback!
We’re working on new tools and we want to make sure they’re truly useful to you.
Can you spare 30 seconds to answer 3 quick questions?
Your feedback directly shapes the future of Finviz.
Take the Survey
We’re working on new tools and we want to make sure they’re truly useful to you.
Can you spare 30 seconds to answer 3 quick questions?
Your feedback directly shapes the future of Finviz.
Take the Survey
|
|||||
|
|
Bridgewater (BWB) could be a solid choice for investors given the company's remarkably improving earnings outlook. While the stock has been a strong performer lately, this trend might continue since analysts are still raising their earnings estimates for the company.
The upward trend in estimate revisions for this company reflects growing optimism of analysts on its earnings prospects, which should get reflected in its stock price. After all, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements. Our stock rating tool -- the Zacks Rank -- has this insight at its core.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Strong Buy) to a Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record of outperformance, with Zacks #1 Ranked stocks generating an average annual return of +25% since 2008.
For Bridgewater, strong agreement among the covering analysts in revising earnings estimates upward has resulted in meaningful improvement in consensus estimates for the next quarter and full year.
The chart below shows the evolution of forward 12-month Zacks Consensus EPS estimate:
For the current quarter, the company is expected to earn $0.35 per share, which is a change of +34.62% from the year-ago reported number.
Over the last 30 days, the Zacks Consensus Estimate for Bridgewater has increased 16.67% because one estimate has moved higher compared to no negative revisions.
The company is expected to earn $1.43 per share for the full year, which represents a change of +36.19% from the prior-year number.
In terms of estimate revisions, the trend for the current year also appears quite encouraging for Bridgewater. Over the past month, two estimates have moved higher compared to no negative revisions, helping the consensus estimate increase 11.77%.
The promising estimate revisions have helped Bridgewater earn a Zacks Rank #1 (Strong Buy). The Zacks Rank is a tried-and-tested rating tool that helps investors effectively harness the power of earnings estimate revisions and make the right investment decision. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Our research shows that stocks with Zacks Rank #1 (Strong Buy) and 2 (Buy) significantly outperform the S&P 500.
Bridgewater shares have added 9.4% over the past four weeks, suggesting that investors are betting on its impressive estimate revisions. So, you may consider adding it to your portfolio right away to benefit from its earnings growth prospects.
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
This article originally published on Zacks Investment Research (zacks.com).
| May-15 | |
| May-13 | |
| May-05 | |
| Apr-29 | |
| Apr-29 | |
| Apr-28 | |
| Apr-25 | |
| Apr-24 | |
| Apr-23 | |
| Apr-23 | |
| Apr-23 | |
| Apr-08 | |
| Jan-31 | |
| Jan-31 | |
| Jan-29 |
Join thousands of traders who make more informed decisions with our premium features. Real-time quotes, advanced visualizations, backtesting, and much more.
Learn more about FINVIZ*Elite