Dillard's (DDS) Moves to Buy: Rationale Behind the Upgrade
Dillard's (DDS) Moves to Buy: Rationale Behind the Upgrade
Dillard's (DDS-Free Report) could be a solid choice for investors given its recent upgrade to a Zacks Rank #2 (Buy). This upgrade primarily reflects an upward trend in earnings estimates, which is one of the most powerful forces impacting stock prices.
迪拉德氏病(DDS-Free Report)對於投資者來説可能是一個可靠的選擇，因為它最近升級到了Zacks Rank#2(買入)。這次上調主要反映了盈利預期的上升趨勢，這是影響股價的最強大力量之一。
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.
一家公司不斷變化的收益狀況是Zacks評級的核心。該系統跟蹤扎克斯共識估值(Zacks Consensus Estimise)--追蹤該股的賣方分析師對每股收益估值的共識衡量標準--針對當前和未來幾年的數據。
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.
個人投資者往往發現很難根據華爾街分析師的評級上調做出決定，因為這些決定大多是由主觀因素驅動的，這些因素很難實時看到和衡量。在這些情況下，Zacks評級系統就派上了用場，因為不斷變化的收益圖在決定近期股價走勢方面具有強大的力量。
As such, the Zacks rating upgrade for Dillard's is essentially a positive comment on its earnings outlook that could have a favorable impact on its stock price.
因此，Zacks對Dillard‘s的評級上調本質上是對其盈利前景的積極評價，可能會對其股價產生有利影響。
Most Powerful Force Impacting Stock Prices
影響股價的最強大力量
The change in a company's future earnings potential, as reflected in earnings estimate revisions, and the near-term price movement of its stock are proven to be strongly correlated. 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.
一家公司未來盈利潛力的變化(反映在盈利預期修正中)與其股票的近期價格走勢被證明具有很強的相關性。機構投資者的影響力在一定程度上促成了這種關係，因為這些大型專業人士使用收益和收益預估來計算公司股票的公允價值。在他們的估值模型中，收益預期的增加或減少只會導致股票的公允價值上升或下降，機構投資者通常會買入或賣出股票。然後，他們的大宗投資行動會導致股票的價格波動。
Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for Dillard's imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.
從根本上説，盈利預期的上升以及隨之而來的迪拉德評級上調意味着該公司基礎業務的改善。投資者應該通過推高股價來表達他們對這種不斷改善的商業趨勢的讚賞。
Harnessing the Power of Earnings Estimate Revisions
利用盈利預估修正的力量
As empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, tracking such revisions for making an investment decision could be truly rewarding. 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.
由於實證研究顯示，盈利預估修正趨勢與近期股票走勢之間存在很強的相關性，因此跟蹤這種修正以做出投資決策可能真的是有益的。這就是久經考驗的Zacks Rank股票評級系統發揮重要作用的地方，因為它有效地利用了收益預期修正的力量。
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 >>>>.
Zacks Rank股票評級系統使用與盈利預期相關的四個因素將股票分為五組，從Zacks Rank#1(強力買入)到Zacks Rank#5(強力賣出)，有着令人印象深刻的外部審計記錄，自1988年以來，Zacks Rank#1股票的平均年回報率為+25%。你可以在這裏看到今天Zacks排名第一(強力買入)股票的完整名單>。
Earnings Estimate Revisions for Dillard's
Dillard‘s的收益預期修正
This department store operator is expected to earn $4.18 per share for the fiscal year ending January 2020, which represents a year-over-year change of -31.7%.
這家百貨商店運營商預計在截至2020年1月的財年每股收益為4.18美元，同比變化-31.7%。
Analysts have been steadily raising their estimates for Dillard's. Over the past three months, the Zacks Consensus Estimate for the company has increased 18.9%.
分析師們一直在穩步上調對Dillard‘s的預期。過去三個月，扎克斯對該公司的普遍預期上漲了18.9%。
Bottom Line
底線
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.
與過於樂觀的華爾街分析師不同的是，他們的評級系統往往傾向於向有利的建議傾斜，而Zacks的評級系統在任何時候都會對其4000多隻股票的全部股票保持同等比例的“買入”和“賣出”評級。不管市場狀況如何，在Zacks覆蓋的股票中，只有排名前5%的股票獲得了“強力買入”評級，接下來的15%獲得了“買入”評級。因此，將一隻股票放在Zacks覆蓋的股票中排名前20%，表明其卓越的收益預期修正功能，使其成為在短期內產生優於市場的回報的可靠候選者。
You can learn more about the Zacks Rank here >>>
您可以在此處瞭解有關Zacks Rank的更多信息>
The upgrade of Dillard's to a Zacks Rank #2 positions it in the top 20% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.
Dillard‘s被提升為Zacks排名第二的股票，使其在Zacks覆蓋的股票中排名前20%，這意味着該股可能在短期內走高。
譯文內容由第三人軟體翻譯。