Americold Realty Trust Inc. (NYSE: COLD) could be a solid addition to your portfolio given its recent upgrade to a Zacks Rank #2 (Buy). This rating change essentially reflects an upward trend in earnings estimates — one of the most powerful forces impacting stock prices.
A company’s changing earnings picture is at the core of the Zacks rating. The system tracks the Zacks Consensus Estimate — the consensus measure of EPS estimates from the sell-side analysts covering the stock — for the current and following years.
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. 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.
As such, the Zacks rating upgrade for Americold Realty Trust is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
Most Powerful Force Impacting Stock Prices
The change in a company’s future earnings potential, as reflected …
Full story available on Benzinga.com
Related posts:
- United Airlines Gears Up For Q4 Earnings: Investors Brace For Possible Turbulence
- Goldman Sachs Upgrades Fiverr International, Highlights AI-Driven Product Innovation in 2024 As Strong Catalyst
- Rails Back On Track: Analyst Upgrades Union Pacific And Norfolk Southern, Predicts Strong Intermodal Recovery
- Brazil’s PagSeguro Digital Gets A Boost: Goldman Sachs Upgrades Stock, Forecasts Stronger 2024 Growth