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Blachem could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This rating change essentially reflects an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.
The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.
Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.
As such, the Zacks rating upgrade for Blachem 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 in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their bulk investment action then leads to price movement for the stock.
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Blachem imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
Harnessing the Power of Earnings Estimate Revisions
Empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.
The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.
Earnings Estimate Revisions for Blachem
For the fiscal year ending December 2024, this chemical company is expected to earn $3.96 per share, which is a change of 18.2% from the year-ago reported number.
Analysts have been steadily raising their estimates for Blachem. Over the past three months, the Zacks Consensus Estimate for the company has increased 2.7%.
Bottom Line
Unlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.
The upgrade of Blachem to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Zacks Investment Research
MONTVALE, N.J., Aug. 23, 2024 (GLOBE NEWSWIRE) -- Balchem Corporation (NASDAQ: BCPC), a global specialty ingredient manufacturer for health and nutrition markets, announced they will present at the HC Wainwright & Co. 26th Annual Global Investment Conference on September 9, 2024. Ted Harris, Chairman of the Board, President and Chief Executive Officer, Martin Bengtsson, Chief Financial Officer and Allison Baurichter, Senior Director Investor Relations will present at the conference.
About Balchem Corporation
Balchem Corporation develops, manufactures and markets specialty ingredients that improve and enhance the health and well-being of life on the planet, providing state-of-the-art solutions and the finest quality products for a range of industries worldwide. The company reports three business segments: Human Nutrition & Health; Animal Nutrition & Health; and Specialty Products. The Human Nutrition & Health segment delivers customized food and beverage ingredient systems, as well as key nutrients into a variety of applications across the food, supplement and pharmaceutical industries. The Animal Nutrition & Health segment manufactures and supplies products to numerous animal health markets. Through Specialty Products, Balchem provides specialty-packaged chemicals for use in healthcare and other industries, and also provides chelated minerals to the micronutrient agricultural market.
Contact: | Jacqueline Yarmolowicz Balchem Corporation (Telephone: 845-326-5600) | |
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Blachem is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.
Blachem is a member of the Basic Materials sector. This group includes 236 individual stocks and currently holds a Zacks Sector Rank of #14. The Zacks Sector Rank includes 16 different groups and is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors.
The Zacks Rank is a proven model that highlights a variety of stocks with the right characteristics to outperform the market over the next one to three months. The system emphasizes earnings estimate revisions and favors companies with improving earnings outlooks. Blachem is currently sporting a Zacks Rank of #1 (Strong Buy).
Over the past 90 days, the Zacks Consensus Estimate for BCPC's full-year earnings has moved 2.7% higher. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
According to our latest data, BCPC has moved about 13.8% on a year-to-date basis. Meanwhile, the Basic Materials sector has returned an average of -3.2% on a year-to-date basis. This means that Blachem is outperforming the sector as a whole this year.
One other Basic Materials stock that has outperformed the sector so far this year is H. B. Fuller . The stock is up 0.1% year-to-date.
In H. B. Fuller's case, the consensus EPS estimate for the current year increased 1.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Blachem belongs to the Chemical - Specialty industry, a group that includes 33 individual stocks and currently sits at #169 in the Zacks Industry Rank. This group has lost an average of 18.1% so far this year, so BCPC is performing better in this area. H. B. Fuller is also part of the same industry.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Blachem and H. B. Fuller as they could maintain their solid performance.
Zacks Investment Research
For those looking to find strong Basic Materials stocks, it is prudent to search for companies in the group that are outperforming their peers. Blachem is a stock that can certainly grab the attention of many investors, but do its recent returns compare favorably to the sector as a whole? A quick glance at the company's year-to-date performance in comparison to the rest of the Basic Materials sector should help us answer this question.
Blachem is one of 236 individual stocks in the Basic Materials sector. Collectively, these companies sit at #13 in the Zacks Sector Rank. The Zacks Sector Rank considers 16 different sector groups. The average Zacks Rank of the individual stocks within the groups is measured, and the sectors are listed from best to worst.
The Zacks Rank is a successful stock-picking model that emphasizes earnings estimates and estimate revisions. The system highlights a number of different stocks that could be poised to outperform the broader market over the next one to three months. Blachem is currently sporting a Zacks Rank of #1 (Strong Buy).
The Zacks Consensus Estimate for BCPC's full-year earnings has moved 2.7% higher within the past quarter. This means that analyst sentiment is stronger and the stock's earnings outlook is improving.
Based on the most recent data, BCPC has returned 10.4% so far this year. At the same time, Basic Materials stocks have lost an average of 8.5%. This shows that Blachem is outperforming its peers so far this year.
DuPont de Nemours is another Basic Materials stock that has outperformed the sector so far this year. Since the beginning of the year, the stock has returned 1.2%.
For DuPont de Nemours, the consensus EPS estimate for the current year has increased 2.9% over the past three months. The stock currently has a Zacks Rank #2 (Buy).
Looking more specifically, Blachem belongs to the Chemical - Specialty industry, a group that includes 33 individual stocks and currently sits at #105 in the Zacks Industry Rank. On average, this group has lost an average of 21.4% so far this year, meaning that BCPC is performing better in terms of year-to-date returns.
DuPont de Nemours, however, belongs to the Chemical - Diversified industry. Currently, this 29-stock industry is ranked #234. The industry has moved -6.4% so far this year.
Going forward, investors interested in Basic Materials stocks should continue to pay close attention to Blachem and DuPont de Nemours as they could maintain their solid performance.
Zacks Investment Research
Reporter Name | Van Gunsteren Job Leonard |
Relationship | SVP and GM, Specialty Products |
Type | Sell |
Amount | $1,395,411 |
SEC Filing | Form 4 |
Job Leonard Van Gunsteren, SVP and GM of Specialty Products at Balchem Corp, sold 7,750 shares of Common Stock on July 31, 2024, at a weighted average price of $180.0531 per share, totaling $1,395,411. Following the transaction, Van Gunsteren directly owns 8,540 shares of Balchem Corp.
SEC Filing: BALCHEM CORP [ BCPC ] - Form 4 - Aug. 02, 2024
Reporter Name | Backus William A. |
Relationship | VP & Chief Accounting Officer |
Type | Sell |
Amount | $859,559 |
SEC Filing | Form 4 |
William A. Backus, VP & Chief Accounting Officer of Balchem Corp, sold 4,804 shares on July 30, 2024. The transactions included sales at weighted average prices of $179.247, $180.4656, and $177.0955. The total sale amount was $859,559. Following these transactions, Backus directly owns 4,988 shares and indirectly owns 132 shares through a 401(k) Plan.
SEC Filing: BALCHEM CORP [ BCPC ] - Form 4 - Aug. 01, 2024
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