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PetMed Express, Beazer Homes, Taylor Morrison, iRobot and NVIDIA as Zacks Bull and Bear of the Day

Zacks Equity Research
BOJA vs. SBUX: Which Stock Is the Better Value Option?

For Immediate Release

Chicago, IL – February 7, 2018 – Zacks Equity Research highlights PetMed Express PETS as the Bull of the Day and Beazer Homes BZH as the Bear of the Day. In addition, Zacks Equity Research provides analysis onTaylor Morrison Home Corporation TMHC, iRobot Corporation IRBT and NVIDIA Corporation NVDA.

Here is a synopsis of all five stocks:

Bull of the Day:

PetMed Expresswas the Bull of the Day back on July 7 and then again on December 19.  Following the recent earnings, it is again the Bull of the Day.

Description

PetMed Express is a pet pharmacy in the United States. The company markets prescription and non-prescription pet medications, health products, and supplies for dogs and cats to retail customers. PetMed Express was founded in 1996 and is headquartered in Delray Beach, Florida.

Previous Videos

Back on September 7, I filmed this video which focuses on Aggressive Growth stocks. You can access the video on this page (https://www.zacks.com/stock/news/275015/petmed-express-and-crox-are-aggressive-growth-rank-buys) and also hear about CROX as well.

I should note that I made it my Top Stock Pick of the Week (https://www.zacks.com/stock/news/291540/top-stock-picks-for-the-week-of-february-5th) so be sure to watch that video too!

Estimates

The stock is a Zacks Rank #1 (Strong Buy) because earnings estimates have moved higher. The Zacks Consensus Estimate for 2018 has moved from $1.61 to $1.70. over the last sixty days.

The Zacks Consensus Estimate for 2019 also increased over the same time period. The number moved from $1.67 to $1.94. 

Short Interest

There is a huge short interest in this stock. That means that investors believe that the stock will move lower and they have borrowed shares, sold them and hope to buy them back lower. Thing is, the short is not working. The site ShortSqueeze.com shows that the float is 27% short... and that is a huge amount of shorts.

As fundamentals continue to improve, the shorts are more likely to cover their bets and take a loss. This is could be a classic short squeeze.

Bear of the Day:

Beazer Homesrecently reported earnings and missed the Zacks Consensus Estimate.  Revenues were in line, but they declined on a year over year basis.  This is not what investors want to see and this stock is now a Zacks Rank #5 (Strong Sell) and the Bear of the Day.

Description

Beazer Homes is a homebuilder in the United States. The company designs, constructs, and sells single-family and multi-family homes for entry-level, move-up, or retirement-oriented home buyers under the Beazer Homes brand name. It sells its homes through commissioned new home sales counselors and independent brokers in Arizona, California, Nevada, Texas, Delaware, Indiana, Maryland, Tennessee, Virginia, Florida, Georgia, North Carolina, and South Carolina. Beazer Homes USA, Inc. was founded in 1985 and is headquartered in Atlanta, Georgia.

Estimates

Following the recent miss, numbers have dropped.  These aren’t just any numbers, these are earnings estimates. 

Additional content:

Selloff Begone: 3 Stocks Likely to Beat Earnings This Week

Investors around the world have begrudgingly welcomed back volatility to the global markets over the past few trading periods, as a market-wide sell-off erased the year-to-date gains of most major indexes and raised questions about the stability of our red-hot bull market.

Conditions appear to have stabilized a bit on Tuesday, but it is probably still too soon to declare a bottom on this correction. It is also worth noting that this sell-off happened in spite of what has been a strong earnings season. We have moved past the busy stretch of Q4 report season, but a few marquee reports remain to come over the next few days, and strong results in these quarterly summaries could help inspire a market-wide rebound.

With that said, the best way for investors to benefit from this possible recovery is to target companies that are likely to outperform earnings estimates. Luckily, Zacks Premium customers can utilize the Earnings ESP Screener in order to search for stocks that are expected to beat. Zacks Earnings ESP (Expected Surprise Prediction) looks to find earnings surprises by focusing on the most recent analyst estimates.

This is done because, generally speaking, when an analyst posts an estimate right before an earnings release, it means that they have fresh information which could potentially be more accurate than what analysts thought about a company two or three months ago.

A positive Earnings ESP paired with a Zacks Rank #3 (Hold) or better ranking helps us feel confident about the potential for an earnings beat. In fact, our 10-year backtest has revealed that this methodology has accurately produced a positive surprise 70% of the time.

Today, we are giving our readers a very special treat: a free look at three of the strongest stocks that are popping up on our Earnings ESP Screener right now. Check them out:

1.       Taylor Morrison Home Corporation

Taylor Morrison is a homebuilder and land developer engaged in building single-family detached and attached homes. The company is scheduled to release its latest quarterly results before the market opens on Feb. 7. TMHC is currently sporting a Zacks Rank #1 (Strong Buy) and has an Earnings ESP of 4.89%.

Based on our latest consensus estimates, we expect to see Taylor Morrison report earnings of 70 cents per share and revenues of $1.28 billion. These results would represent year-over-year growth of 7.69% and 6.68%, respectively.

2.       iRobot Corporation

iRobot is the leading global consumer robot company. Best known for its Roomba automated vacuums, iRobot develops several in-home robotic devices. The company is slated to announce its latest quarterly results after the market closes on Feb. 7. IRBT is currently sporting a Zacks Rank #2 (Buy) and has an Earnings ESP of 17.65%.

According to our latest consensus estimates, iRobot is projected to report earnings of 26 cents per share and revenues of $317.31 million. That earnings figure would represent a steep slump of 46.94% from the year-ago period, but revenues are expected to improve by 49.33%.

3.       NVIDIA Corporation

Nvidia the worldwide leader in graphics processors. The firm produces processors used for gaming, datacenters, autonomous driving, commercial visualization, and more. Nvidia is scheduled to release its latest quarterly report after the bell on Feb. 8. NVDA is currently sporting a Zacks Rank #2 (Buy) and an earnings ESP of 4.13%.

Our current consensus estimates are calling for Nvidia to report adjusted earnings of $1.16 per share and revenues of $2.66 billion. These results would represent year-over-year growth rates of 17.17% and 22.35%, respectively.

Want more analysis from this author? Make sure to follow @Ryan_McQueeney on Twitter!

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About the Bull and Bear of the Day

Every day, the analysts at Zacks Equity Research select two stocks that are likely to outperform (Bull) or underperform (Bear) the markets over the next 3-6 months.

About Zacks Equity Research

Zacks Equity Research provides the best of quantitative and qualitative analysis to help investors know what stocks to buy and which to sell for the long-term.

Continuous analyst coverage is provided for a universe of 1,150 publicly traded stocks. Our analysts are organized by industry which gives them keen insights to developments that affect company profits and stock performance. Recommendations and target prices are six-month time horizons.

Strong Stocks that Should Be in the News

Many are little publicized and fly under the Wall Street radar. They're virtually unknown to the general public. Yet today's 220 Zacks Rank #1 "Strong Buys" were generated by the stock-picking system that has more than doubled the market from 1988 through 2016. Its average gain has been a stellar +25% per year. See these high-potential stocks free >>.

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PetMed Express, Inc. (PETS) : Free Stock Analysis Report
 
Beazer Homes USA, Inc. (BZH) : Free Stock Analysis Report
 
Taylor Morrison Home Corporation (TMHC) : Free Stock Analysis Report
 
iRobot Corporation (IRBT) : Free Stock Analysis Report
 
NVIDIA Corporation (NVDA) : Free Stock Analysis Report
 
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