#Halma reporting upgrade

Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Over the past three months, the Zacks Consensus Estimate for the company has increased 1.6%. This company is expected to earn $0.85 per share for the fiscal year ending March 2022, which represents a year-over-year change of 10.4%.Īnalysts have been steadily raising their estimates for HALMA PLC. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >.Įarnings Estimate Revisions for HALMA PLC The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions. Harnessing the Power of Earnings Estimate RevisionsĮmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision.

#Halma reporting upgrade

Therefore, the Zacks rating upgrade for HALMA PLC basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price. In these situations, the Zacks rating system comes in handy because of the power of a changing earnings picture in determining near-term stock price movements.

Individual investors often find it hard to make decisions based on rating upgrades by Wall Street analysts, since these are mostly driven by subjective factors that are hard to see and measure in real time. The Zacks Consensus Estimate - the consensus of EPS estimates from the sell-side analysts covering the stock - for the current and following years is tracked by the system. The sole determinant of the Zacks rating is a company's changing earnings picture. This upgrade is essentially a reflection of an upward trend in earnings estimates - one of the most powerful forces impacting stock prices. HALMA PLC (HLMAF) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy).