Zacks Research has been busy updating its earnings per share (EPS) forecasts for several publicly traded companies. The research firm issued a series of reports and notes in late February and early March, offering a revised outlook on Q1 2025 performance for firms spanning various industries. Let's dive into the specifics of these adjustments.
Restaurant Brands and T. Rowe Price See Downward Revisions
On February 26th, Zacks Research lowered its Q1 2025 EPS estimates for Restaurant Brands International Inc. (TSE:QSR) and T. Rowe Price Group, Inc. (NASDAQ:TROW). Analyst M. Kaushik at Zacks Research anticipates that Restaurant Brands will post revised earnings, reflecting adjustments in their financial outlook. For T. Rowe Price Group, analyst R. Department now expects earnings of $2.15 per share. These downward revisions suggest a more cautious outlook for these companies in the near term.
The reasons behind these adjustments were not explicitly stated in the provided summaries, but such revisions often reflect broader economic trends, company-specific performance data, and revised expectations for revenue and expenses. Investors often pay close attention to these types of reports.
WEX and Uber Also Face Reduced Expectations
Zacks Research also cut its Q1 2025 EPS estimates for WEX Inc. (NYSE:WEX) and Uber Technologies, Inc. (NYSE:UBER) on February 26th. For WEX, analyst R. Department now anticipates earnings of $2.86 per share, down from previous projections. S. Goswami, also at Zacks Research, now expects Uber to post earnings of $0.45 per share for the quarter. This represents a more pessimistic forecast for the ride-sharing giant.
“These revisions highlight the dynamic nature of financial forecasting,” says one market analyst. “Analysts are constantly reevaluating their models based on new information, and these adjustments reflect the inherent uncertainty in predicting future earnings.”
Valmont Industries Bucks the Trend, Neogen Faces FY2027 Cut
Not all companies faced downward revisions. On March 3rd, Zacks Research increased its Q1 2025 EPS estimates for Valmont Industries, Inc. (NYSE:VMI). Analyst M. Agrawal now anticipates earnings of $3.85 per share, up from previous estimates. This positive revision suggests a more optimistic outlook for the industrial products company. However, Neogen Co. (NASDAQ:NEOG) saw its FY2027 earnings estimates lowered by Zacks Research analyst R. Department, who now anticipates earnings per share of $0.56 for the year.
These earnings forecasts, while subject to change, can significantly influence investor sentiment and stock prices. It is important to note that these are just estimates, and actual results may vary. Investors should conduct their own due diligence and consider a variety of factors before making investment decisions.
Ultimately, these updates from Zacks Research provide valuable insights into the expected performance of these companies and underscore the importance of staying informed about market trends and analyst expectations.