Image Source: Zacks Investment ResearchLet’s take a closer look at each.Video Length: 00:01:01
EMCOR Posts Record Results
EMCOR, a Zacks Rank #1 (Strong Buy), is a leading provider of mechanical and electrical construction, industrial and energy infrastructure, and building services for a diverse range of businesses.Sales expectations for the company melted higher after a recent guidance upgrade that followed its latest record-breaking quarterly release. The company posted both record sales and diluted EPS, owing to the red-hot demand it’s been witnessing.Below is a chart illustrating the company’s sales on a quarterly basis.
Image Source: Zacks Investment Research
PGR Shares Keep Climbing
Progressive is a leading independent agency writer of private passenger auto coverage and the market share leader for motorcycle products since 1998. Analysts have raised their earnings expectations across the board, landing the stock into a Zacks Rank #1 (Strong Buy).
Image Source: Zacks Investment ResearchThe stock remains a prime consideration for growth-focused investors, with consensus expectations for its current fiscal year (FY24) suggesting 110% earnings growth. Peeking ahead to FY25, expectations currently allude to an additional 4.5% growth in earnings on nearly 15% higher sales.
SFM Sees Bullish Outlook
Sprouts Farmers Market operates a unique grocery model that features fresh produce, a foods section, and a vitamin department focused on overall wellness. The stock holds the highly-coveted Zacks Rank #1 (Strong Buy), with its outlook moving higher across the board following robust quarterly results.As highlighted below, the outlook for its current and next fiscal year have become notably bullish over recent months, likely to continue powering shares higher.
Image Source: Zacks Investment Research
Bottom Line
Momentum investing is all about riding bullish trends where buyers are in control.And buyers have certainly been in control of all three stocks above – EMCOR, Progressive, and Sprouts Farmers Market – with shares of each soaring over the last month.In addition to considerable momentum, all three sport a favorable Zacks Rank, reflecting upward trending estimate revisions among analysts.More By This Author:Bear Of The Day: Dollar Tree
3 Red Hot Stocks Flashing Buy Signals: DaVita, Intuitive Surgical, SharkNinja
3 Big Winners From The Q2 Earnings Season: LLY, LMT, META
No Comments