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CatchMark (CTT) Outpaces Stock Market Gains: What You Should Know

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CatchMark (CTT) closed at $8.40 in the latest trading session, marking a +1.33% move from the prior day. This change outpaced the S&P 500's 1.12% gain on the day. Meanwhile, the Dow gained 1.01%, and the Nasdaq, a tech-heavy index, lost 0.08%.

Prior to today's trading, shares of the timberlands real estate investment trust had gained 2.35% over the past month. This has outpaced the Construction sector's loss of 3.41% and lagged the S&P 500's gain of 4.63% in that time.

Investors will be hoping for strength from CatchMark as it approaches its next earnings release, which is expected to be May 5, 2022. On that day, CatchMark is projected to report earnings of -$0.01 per share, which would represent no growth from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $21.75 million, down 21.45% from the prior-year quarter.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of -$0.12 per share and revenue of $82.43 million. These totals would mark changes of -110% and -19.32%, respectively, from last year.

Any recent changes to analyst estimates for CatchMark should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. CatchMark currently has a Zacks Rank of #2 (Buy).

The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 22, putting it in the top 9% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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CatchMark Timber Trust, Inc. (CTT) : Free Stock Analysis Report
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