G-III Apparel Group (GIII) Surpasses Q1 Earnings and Revenue Estimates
ZACKS· 2025-06-06 13:26
Company Performance - G-III Apparel Group reported quarterly earnings of $0.19 per share, exceeding the Zacks Consensus Estimate of $0.12 per share, and up from $0.12 per share a year ago, representing an earnings surprise of 58.33% [1] - The company posted revenues of $583.61 million for the quarter ended April 2025, surpassing the Zacks Consensus Estimate by 0.59%, but down from $609.75 million in the same quarter last year [2] - Over the last four quarters, G-III Apparel has surpassed consensus EPS estimates four times and topped consensus revenue estimates two times [2] Future Outlook - The current consensus EPS estimate for the coming quarter is $0.54 on revenues of $620.3 million, and for the current fiscal year, it is $4.22 on revenues of $3.14 billion [7] - The estimate revisions trend for G-III Apparel is mixed, leading to a Zacks Rank 3 (Hold) for the stock, indicating expected performance in line with the market in the near future [6] Industry Context - The Textile - Apparel industry, to which G-III Apparel belongs, is currently in the bottom 25% of over 250 Zacks industries, which may impact the stock's performance [8] - Empirical research indicates a strong correlation between near-term stock movements and trends in earnings estimate revisions, suggesting that industry outlook can materially affect stock performance [5][8]
Top 2 Energy Stocks That May Fall Off A Cliff In Q2
Benzinga· 2025-06-06 13:26
As of June 6, 2025, two stocks in the energy sector could be flashing a real warning to investors who value momentum as a key criteria in their trading decisions.The RSI is a momentum indicator, which compares a stock’s strength on days when prices go up to its strength on days when prices go down. When compared to a stock’s price action, it can give traders a better sense of how a stock may perform in the short term. An asset is typically considered overbought when the RSI is above 70, according to Benzing ...
USDA Designates Cibus' Herbicide Tolerance Canola Trait HT2 as Not Regulated Under USDA's Biotechnology Regulations
GlobeNewswire News Room· 2025-06-06 13:26
Core Insights - Cibus, Inc. has received a "not regulated" designation from the USDA for its herbicide tolerance trait (HT2) in Canola, which supports the company's ongoing product development in this critical crop [1][2] - The HT2 trait is part of Cibus' strategy to provide advanced tools for weed management, addressing the challenge of herbicide-resistant weeds [2][3] - Cibus has a total of seventeen traits designated as not regulated, reflecting its successful regulatory progress and development pace [2] Company Overview - Cibus is a leader in gene-edited productivity traits aimed at addressing significant agricultural challenges, including diseases and pests, which cost the global economy approximately $300 billion annually [4] - The company focuses on developing productivity traits for major row crops and utilizes proprietary high-throughput gene editing technology to expedite the development process [4] Market Implications - The HT2 trait aims to enhance agricultural productivity and sustainability by improving weed management efficiency, which is crucial for crops like Canola and Soybean [3] - Cibus' advancements in herbicide tolerance traits are expected to benefit growers by increasing profitability and yield protection [3]
Verizon declares quarterly dividend on June 6
GlobeNewswire· 2025-06-06 13:23
Core Viewpoint - Verizon Communications Inc. has declared a quarterly dividend of 67.75 cents per share, maintaining the same rate as the previous quarter, reflecting the company's financial stability and commitment to returning value to shareholders [1][3]. Financial Performance - Verizon generated revenues of $134.8 billion in 2024, showcasing its strong market position and operational efficiency [4]. - The company made over $11.2 billion in cash dividend payments in 2024, indicating robust cash flow and profitability [3]. Strategic Focus - Verizon is adopting a strategic and disciplined approach to achieve its financial goals by targeting specific customer segments and integrating services for enhanced personalization [2]. - The company continues to invest in its business and drive innovation to better serve its customers, reinforcing its leadership in mobility and broadband services [2][3]. Leadership and Vision - Chairman and CEO Hans Vestberg emphasized the company's ability to maintain dividend payments even in uncertain economic conditions while investing in network leadership and infrastructure [3]. - Verizon aims to meet the current and future needs of its diverse customer base, which includes nearly all Fortune 500 companies [4].
Rocket Lab's Launch Services Soar as Commercial Demand Rises
ZACKS· 2025-06-06 13:20
Core Insights - Rocket Lab USA, Inc. (RKLB) has established itself as a significant player in the launch and space systems market, providing a variety of space systems including satellites and spacecraft platforms, and has a strong position in the small satellite launch market with its Electron rocket, which is the second most frequently launched U.S. rocket [1] Group 1: Company Developments - Rocket Lab has secured a major contract with Japan-based Earth imaging company iQPS for eight dedicated Electron launches, marking one of its largest agreements to date, with six missions planned for 2025 and two for 2026 [2][8] - The upcoming mission on June 10, 2025, will be Rocket Lab's third Electron launch within a span of 24 days, showcasing its increasing launch capacity and reliability in the commercial space sector [2][8] - The company is also developing the Neutron rocket, aimed at larger payloads and constellation deployments, which is expected to enhance its market position and revenue potential [3][8] Group 2: Industry Context - The space launch services market is experiencing growth driven by rapid technological advancements, increasing demand for satellite deployment, and rising investments in space infrastructure [4] - Established players like Boeing and Lockheed Martin are well-positioned to benefit from the growth of the space launch market, with their joint venture, United Launch Alliance (ULA), having successfully launched over 150 rockets since 2006 [5] - ULA's new Vulcan rocket is designed to provide more affordable and accessible space launches for various missions [6] Group 3: Financial Performance - Rocket Lab's shares have seen a significant increase of 495.8% over the past year, compared to the industry's growth of 20.8% [7] - The company's forward 12-month Price/Sales ratio stands at 17.19X, which is considerably higher than the industry's average of 9.45X, indicating that the shares are relatively expensive [9] - The Zacks Consensus Estimate for Rocket Lab's losses in 2025 and 2026 has improved over the past 60 days, suggesting a positive outlook [10]
Best Momentum Stock to Buy for June 6th
ZACKS· 2025-06-06 13:20
Group 1: Credo Technology Group - Credo Technology Group is a provider of high-performance serial connectivity solutions for various markets including hyperscale datacenter, 5G carrier, enterprise networking, artificial intelligence, and high-performance computing [1] - The company has a Zacks Rank of 1 (Strong Buy) and its current year earnings estimate has increased by 19.4% over the last 60 days [1] - Credo's shares have gained 73.6% over the last three months, significantly outperforming the S&P 500's gain of 3.6% [2] Group 2: Ferguson plc - Ferguson plc is a distributor of plumbing and heating products primarily serving professional contractors and consumers in the USA, UK, Nordics, Canada, and Central Europe [2] - The company also holds a Zacks Rank of 1 and has seen a 1.7% increase in its current year earnings estimate over the last 60 days [2] - Ferguson's shares have increased by 29.3% over the last three months, again outperforming the S&P 500's gain of 3.6% [3]
NSSC Shareholders Have the Right to Lead the Napco Security Technologies, Inc. Securities Lawsuit - Contact the DJS Law Group to Discuss Your Rights - NSSC
Prnewswire· 2025-06-06 13:18
Core Viewpoint - A class action lawsuit has been filed against Napco Security Technologies, Inc. for alleged violations of federal securities laws, particularly concerning misleading statements about growth projections and sales performance [1][2]. Group 1: Lawsuit Details - The lawsuit pertains to shareholders who purchased Napco's securities between February 5, 2024, and February 3, 2025 [1]. - The complaint claims that Napco made false statements regarding its confidence in growth projections based on customer demand for hardware products [2]. - Napco's financial results for the second quarter, announced on February 3, 2025, showed a decline in hardware product sales, contradicting previous optimistic statements [2]. Group 2: Financial Performance - The company attributed the sales shortfall to reduced sales from two of its larger distributors [2]. - Following the disappointing sales results, Napco retracted its long-term EBITDA margin target of 45%, stating uncertainty about its achievability [2].
Diana Shipping Inc. Announces Time Charter Contract for m/v Atalandi with Stone Shipping
GlobeNewswire· 2025-06-06 13:18
Core Viewpoint - Diana Shipping Inc. has entered into a time charter contract for its Ice Class Panamax dry bulk vessel, m/v Atalandi, with Stone Shipping Ltd, which is expected to generate significant revenue for the company [1][2]. Group 1: Charter Contract Details - The time charter contract for the m/v Atalandi has a gross charter rate of US$9,000 per day for the first 35 days and US$10,100 per day for the remaining period, with a commission of 5.00% paid to third parties [1]. - The charter is set to commence on June 9, 2025, and will last until a minimum of June 15, 2026, and a maximum of August 15, 2026 [1]. Group 2: Revenue Generation - The employment of the m/v Atalandi is anticipated to generate approximately US$3.62 million in gross revenue for the minimum scheduled period of the time charter [2]. Group 3: Fleet Overview - Diana Shipping Inc. currently operates a fleet of 37 dry bulk vessels, including various classes such as Newcastlemax, Capesize, and Panamax [3]. - The combined carrying capacity of the fleet, excluding two vessels not yet delivered, is approximately 4.1 million dwt, with a weighted average age of 11.60 years [3]. - The company expects to take delivery of two methanol dual fuel new-building Kamsarmax dry bulk vessels by the second half of 2027 and the first half of 2028 [3]. Group 4: Company Profile - Diana Shipping Inc. is a global provider of shipping transportation services, specializing in the ownership and bareboat charter-in of dry bulk vessels [4]. - The company's vessels primarily engage in short to medium-term time charters, transporting a range of dry bulk cargoes, including iron ore, coal, and grain [4].
Manchester United (MANU) Reports Q3 Loss, Misses Revenue Estimates
ZACKS· 2025-06-06 13:16
Manchester United (MANU) came out with a quarterly loss of $0.04 per share versus the Zacks Consensus Estimate of a loss of $0.33. This compares to loss of $0.31 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 87.88%. A quarter ago, it was expected that this soccer club would post a loss of $0.07 per share when it actually produced a loss of $0.05, delivering a surprise of 28.57%.Over the last four quarters, the company has su ...
REITs: Income Goldmine Or Value Pitfall?
Seeking Alpha· 2025-06-06 13:15
REITs are one of the fundamental cornerstones for most income-based strategies and portfolios. They embody the necessary characteristics that support durable current income, inflation protection and gradual price appreciation.Roberts Berzins has over a decade of experience in the financial management helping top-tier corporates shape their financial strategies and execute large-scale financings. He has also made significant efforts to institutionalize REIT framework in Latvia to boost the liquidity of pan-B ...