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Yahoo
2 days ago
- Business
- Yahoo
Are You Looking for a Top Momentum Pick? Why Noah Holdings (NOAH) is a Great Choice
Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades. While many investors like to look for momentum in stocks, this can be very tough to define. There is a lot of debate surrounding which metrics are the best to focus on and which are poor quality indicators of future performance. The Zacks Momentum Style Score, part of the Zacks Style Scores, helps address this issue for us. Below, we take a look at Noah Holdings (NOAH), a company that currently holds a Momentum Style Score of B. We also talk about price change and earnings estimate revisions, two of the main aspects of the Momentum Style Score. It's also important to note that Style Scores work as a complement to the Zacks Rank, our stock rating system that has an impressive track record of outperformance. Noah Holdings currently has a Zacks Rank of #2 (Buy). Our research shows that stocks rated Zacks Rank #1 (Strong Buy) and #2 (Buy) and Style Scores of A or B outperform the market over the following one-month period. You can see the current list of Zacks #1 Rank Stocks here >>> In order to see if NOAH is a promising momentum pick, let's examine some Momentum Style elements to see if this wealth management firm holds up. A good momentum benchmark for a stock is to look at its short-term price activity, as this can reflect both current interest and if buyers or sellers currently have the upper hand. It's also helpful to compare a security to its industry; this can show investors the best companies in a particular area. For NOAH, shares are up 6.78% over the past week while the Zacks Financial - Investment Management industry is down 0.17% over the same time period. Shares are looking quite well from a longer time frame too, as the monthly price change of 27.85% compares favorably with the industry's 2.09% performance as well. Considering longer term price metrics, like performance over the last three months or year, can be advantageous as well. Shares of Noah Holdings have increased 17.18% over the past quarter, and have gained 16.4% in the last year. In comparison, the S&P 500 has only moved 5.72% and 10.37%, respectively. Investors should also pay attention to NOAH's average 20-day trading volume. Volume is a useful item in many ways, and the 20-day average establishes a good price-to-volume baseline; a rising stock with above average volume is generally a bullish sign, whereas a declining stock on above average volume is typically bearish. NOAH is currently averaging 241,996 shares for the last 20 days. The Zacks Momentum Style Score also takes into account trends in estimate revisions, in addition to price changes. Please note that estimate revision trends remain at the core of Zacks Rank as well. A nice path here can help show promise, and we have recently been seeing that with NOAH. Over the past two months, 1 earnings estimate moved higher compared to none lower for the full year. These revisions helped boost NOAH's consensus estimate, increasing from $1.31 to $1.37 in the past 60 days. Looking at the next fiscal year, 1 estimate has moved upwards while there have been no downward revisions in the same time period. Taking into account all of these elements, it should come as no surprise that NOAH is a #2 (Buy) stock with a Momentum Score of B. If you've been searching for a fresh pick that's set to rise in the near-term, make sure to keep Noah Holdings on your short list. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Noah Holdings Ltd. (NOAH) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research
Yahoo
13-05-2025
- Business
- Yahoo
PennantPark (PFLT) Q2 Earnings and Revenues Miss Estimates
PennantPark (PFLT) came out with quarterly earnings of $0.28 per share, missing the Zacks Consensus Estimate of $0.33 per share. This compares to earnings of $0.31 per share a year ago. These figures are adjusted for non-recurring items. This quarterly report represents an earnings surprise of -15.15%. A quarter ago, it was expected that this investment company would post earnings of $0.31 per share when it actually produced earnings of $0.33, delivering a surprise of 6.45%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. PennantPark , which belongs to the Zacks Financial - Investment Management industry, posted revenues of $61.94 million for the quarter ended March 2025, missing the Zacks Consensus Estimate by 6.85%. This compares to year-ago revenues of $44.35 million. The company has topped consensus revenue estimates three times over the last four quarters. The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call. PennantPark shares have lost about 7.8% since the beginning of the year versus the S&P 500's decline of -3.8%. While PennantPark has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock? There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately. Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions. Ahead of this earnings release, the estimate revisions trend for PennantPark: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here. It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.33 on $67.14 million in revenues for the coming quarter and $1.33 on $268.47 million in revenues for the current fiscal year. Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Financial - Investment Management is currently in the bottom 14% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1. Another stock from the same industry, Hamilton Lane (HLNE), has yet to report results for the quarter ended March 2025. The results are expected to be released on May 29. This private-market investment firm is expected to post quarterly earnings of $1.12 per share in its upcoming report, which represents a year-over-year change of -18.8%. The consensus EPS estimate for the quarter has been revised 24% lower over the last 30 days to the current level. Hamilton Lane's revenues are expected to be $161.89 million, down 8.4% from the year-ago quarter. Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report PennantPark Floating Rate Capital Ltd. (PFLT) : Free Stock Analysis Report Hamilton Lane Inc. (HLNE) : Free Stock Analysis Report This article originally published on Zacks Investment Research ( Zacks Investment Research Sign in to access your portfolio
