![]() Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. These returns cover a period from Januthrough May 15, 2023. Since 1988 it has more than doubled the S&P 500 with an average gain of +24.17% per year. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system. and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. The Zacks Consensus Estimate for AME’s 2023 earnings is pegged at $6.08 per share, suggesting an increase of 7.04% from the prior year’s reported figure. The Zacks Consensus Estimate for DOCN’s 2023 earnings is pegged at $1.66 per share, suggesting a jump from 94 cents per share reported in the prior year.ĪMETEK shares have rallied 3.4% year to date. The Zacks Consensus Estimate for CIEN’s fiscal year 2023 earnings is pegged at $2.81 per share, suggesting an increase of 47.9% from the prior year’s reported figure.ĭigitalOcean shares have risen 27% in the year-to-date period. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Ĭiena shares have lost 14.9% in the year-to-date time frame. Ciena, DigitalOcean and AMETEK each carry a Zacks Rank #2 (Buy) at present. Investors interested in the broader Zacks Computer & Technology sector can consider some better-ranked stocks like Ciena ( CIEN Quick Quote CIEN - Free Report), DigitalOcean ( DOCN Quick Quote DOCN - Free Report) and AMETEK ( AME Quick Quote AME - Free Report). Zacks Rank and Stocks to ConsiderĬurrently, Carrier Global carries a Zacks Rank #3 (Hold). The Zacks Consensus Estimate for second-quarter 2023 revenues is pegged at $5.76 billion, indicating growth of 10.55% from the year-ago reported figure. We note that the growth prospects of the underlined segment are likely to benefit the overall performance of Carrier and instill investors’ optimism in the stock. This figure was up 21.9% from the prior year quarter’s reported figure. In the first quarter of 2023, the segment generated $3,622 million in revenues, accounting for 68.7% of net sales. We believe all these endeavors will aid the performance of the HVAC segment in the near term. It is a hybrid hydronic terminal that may function as a standalone unit to provide steady and pleasant conditions for visitors while providing energy efficiency, lowering operating costs, and offering flexibility to building owners. Recently, Nlyte Software, part of Carrier Global, released Nlyte R14, which incorporates new architecture features and security updates to increase data center management efficiency and security.Ĭarrier unveiled the IdroFan 36XH, a next-generation, high-efficiency, hybrid hydronic terminal unit built exclusively for hotels and hospitality facilities with intermittent occupancy. The latest move of Carrier complements its recent efforts to boost its HVAC segment. Shares of Carrier have gained 4% in the year-to-date period compared with the industry’s rise of 0.9%. We believe the strengthening efforts of Carrier in this growing market will help it in winning investors’ confidence in the near term. The report also states that the market is likely to witness a CAGR of 11.4% between 20. Per a Markets and Markets report, commercial refrigeration equipment market revenues are expected to exceed $148.6 billion by 2027. Carrier Global Corporation Price and ConsensusĬarrier Global Corporation price-consensus-chart | Carrier Global Corporation Quote Growth ProspectsĬarrier’s growing products portfolio is anticipated to continue helping it expand its footprint in the booming building automation system market.
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