For Immediate Release
Chicago, IL – May 25, 2017 – Today, Zacks Investment Ideas feature highlights Features: Snap Inc (NYSE:SNAP) (NYSE: SNAP – Free Report ), Impinj (NASDAQ: PI – Free Report ), Ichor Corporation (NASDAQ: ICHR – Free Report ) and Trade Desk (NASDAQ: TTD – Free Report ).
Strong Moves From Recent IPO's
It seems the press loves a good IPO more than investors, except of course, when the IPO runs wild. This hasn’t exactly been the case for the biggest IPO of the year Snap Inc (NYSE: SNAP – Free Report ). That said, I know there are several other recent deals that should be on your radar screen.
Let’s take a look at some names that have been moving higher since the initial offering, so let’s take a look at a few and why they have the Zacks Rank they do.
Big Mover, Bad Rank
The main reason I am writing this article is for this particular stocks. Impinj (NASDAQ: PI – Free Report ) is a Zacks Rank #5 (Strong Sell) but has roared higher by about 50% since early April. This stock is about a year old and has missed the Zacks Consensus Estimate in each of the last three reports.
The more recent earnings report on May 4 was a miss of $0.05 for a 250% negative earnings surprise. We at Zacks view stock-based compensation differently than the broader Wall Street view. For that reason, Wall Street has seen 4 straight beats.
PI is up big today, but estimates have been slipping over time. The Zacks Consensus Estimate for 2017 was calling for EPS of $0.29 in January and that number skipped lower to $0.27 in April. The estimate currently stands at $0.25.
Monster Growth
There have only been two reports for Ichor Corporation (NASDAQ:ICHR – Free Report ) but in each of them the company has topped revenue expectations and posted year over year growth of more than 100%.
The company most recently reported on May 11 and topped the Zacks Consensus Estimate by a penny. Estimates moved up significantly following the beat, with the Zacks Consensus Estimate leaping from $1.54 in April to the current level of $2.05. That a monster move of more than 33%!
ICHR has a wonderful valuation as well, a 11x forward multiple is less than half the 23x industry average. The price to book multiple and price to sales multiple also come in well below the industry average. This Zacks Rank #1 (Strong Buy) looks like it has what it takes to continue on its upward move.
Big Trader
A recent beat sent shares of The Trade Desk (NASDAQ: TTD – Free Report ) soaring, but it looks like this stock could still be moving higher. The company has 3 reports so far and all of them are solid beats on top and bottom. The most recent beat sent shares higher by more than 29% in the session following the release.
This Zacks Rank #2 (Buy) stock saw estimates jump in a big way following the report. The Zacks Consensus Estimate for 2017 moved from $0.74 to $0.91 on the heels of the most recent earnings report.
The valuation is a little stiff, with a 59x forward multiple and metrics that are firmly above the industry average. Analysts are expecting 46% revenue growth this year and that is 5 times more than the industry average, so clearly investors are willing to pay up for this sort of growth.
Be sure to follow me on Twitter: @BBolan1
Want more articles from this author? Go to Zacks.com on this article and click the FOLLOW AUTHOR button to get an email each time a new article is published.
Brian Bolan is a Stock Strategist for Zacks.com.
He runs Stocks Under $10 Investor service where he looks for low priced stocks that are seeing positive earnings estimate revisions. This popular service has seen some strong early returns and offers a free trial via the Zacks Ultimate service.
Brian also runs the brand new Zacks Game Changers where he looks for stocks that are disrupting their industries and reaping big gains.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information>>
Get the full Report on SNAP – FREE
Get the full Report on PI – FREE
Get the full Report on ICHR – FREE
Get the full Report on TTD – FREE
Follow us on Twitter: https://twitter.com/ZacksResearch
Join us on Facebook (NASDAQ:FB): https://www.facebook.com/ZacksInvestmentResearch
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Media Contact
Zacks Investment Research
800-767-3771 ext. 9339
https://www.zacks.com/performance
This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
Snap Inc. (SNAP): Free Stock Analysis Report
Impinj, Inc. (PI): Free Stock Analysis Report
Ichor Holdings, Ltd. (ICHR): Free Stock Analysis Report
The Trade Desk Inc. (TTD): Free Stock Analysis Report
Original post
Zacks Investment Research