You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. In fact, over the past month, current quarter estimates have risen from 28 cents per share to 41 cents per share, while current year estimates have risen from $3.55 per share to $3.66 per share. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.Ĭubic Corporation price-consensus-chart | Cubic Corporation Quote Meanwhile, Cubic is actually looking pretty good on its own too. This is arguably taking place in the Electronics - Miscellaneous Products space as it currently has a Zacks Industry Rank of 59 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there. This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is because this security in the Electronics - Miscellaneous Products space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective. It helps avoid the type of blind overexuberance that can derail a bull market, while short-term selloffs provide enticing buying opportunities for investors still looking to get long.One stock that might be an intriguing choice for investors right now is Cubic Corporation CUB. Many investors will say this gradual temperance of stock market expectations is actually a positive for the longer-term health of the ongoing rally. While they still expect that the S&P 500 will climb 1.1% from Friday's close to 2,408 by year-end, that average year-end price target has dipped slightly from 2,414 a month ago. The same goes for strategists on Wall Street. Still, the group of investors continues to bet that the benchmark will increase - they're just less convinced than before. As of last week, the S&P 500 had the fewest net long positions all year, Commodity Futures Trading Commission data show. However, one measure shows bullishness slightly waning among hedge funds and large speculators. It marks the third straight period of earnings growth for the S&P 500, which comes after a five-quarter earnings contraction. The last 10 times S&P 500 earnings revision breadth has climbed 15% over a three-month period, the benchmark returned a median of 15% over the following year, Morgan Stanley data show.Īs of right now, companies in the benchmark are on pace to see 14% earnings growth for the first quarter of 2017, the most since the third quarter of 2011, according to data compiled by Bloomberg. "The momentum of earnings revisions breadth like that seen recently is often synonymous with higher equity prices over a 12-month horizon." "The recent surge confirms the sustainability of the earnings recovery that started in early 2016," a group of Morgan Stanley equity strategists led by Michael J.
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