Company News for June 10, 2022
- Shares of Signet Jewelers Limited SIG jumped 9.1% after the company reported earnings of $2.86 per share in the first quarter of fiscal 2022, beating Zacks consensus estimate of 2.29 $ per share.
- BILI shares of Bilibili Inc. fell 14.8% after the company reported a loss of $0.66 per share in the first quarter of fiscal 2022, missing Zacks consensus estimate of a loss of $0.63.
- Shares of FuelCell Energy, Inc. FCEL fell 6.6% after the company reported a loss of $0.08 per share in the second quarter of fiscal 2022, missing the Zacks consensus estimate of a loss of $0.06.
- YEXT, Inc.’s YEXT shares gained 4.6% after the company reported a loss of $0.6 per share in the first quarter of fiscal 2022, narrower than the Zacks consensus estimate of a loss 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.