Company news from May 25, 2022
- AZO shares of AutoZone Inc. soared 5.8% after the company reported adjusted earnings per share of $29.03 in the third quarter of fiscal 2022, beating Zacks’ consensus estimate of 25%. $.87.
- Shares of Ralph Lauren Corp. RL rose 0.2% after reporting adjusted earnings per share of $0.49 in the fourth quarter of fiscal 2022, beating Zacks’ consensus estimate of $0.30.
- Shares of Zoom Video Communications Inc. ZM jumped 5.6% after posting adjusted earnings per share of $1.03 in the first quarter of fiscal 2023, beating Zacks consensus estimate of 0.88 $.
- ANF shares of Abercrombie & Fitch Co. fell 28.6% after the company reported an adjusted loss per share of $0.27 in the first quarter of fiscal 2022, contrary to the consensus estimate of Zacks of earnings per share of $0.08.
Zacks names ‘only one best choice for doubling up’
From thousands of stocks, 5 Zacks experts have each picked their favorite to skyrocket by +100% or more in the coming months. Of these 5, Research Director Sheraz Mian selects one to have the most explosive advantage of all.
It’s a little-known chemical company that’s up 65% year-on-year, but still very cheap. With relentless demand, rising earnings estimates for 2022 and $1.5 billion for stock buybacks, retail investors could jump in at any moment.
This company could rival or surpass other recent Zacks stocks which are expected to double, such as Boston Beer Company which jumped +143.0% in just over 9 months and NVIDIA which jumped +175.9% in one. year.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.