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Macquarie (MIC) Gains As Market Dips: What You Should Know

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Macquarie (MIC) closed at $40.81 in the latest trading session, marking a +1.29% move from the prior day. This move outpaced the S&P 500's daily loss of 0.04%. At the same time, the Dow lost 0.22%, and the tech-heavy Nasdaq gained 0.16%.

Prior to today's trading, shares of the investment firm had gained 6.11% over the past month. This has outpaced the Conglomerates sector's loss of 7.15% and the S&P 500's loss of 4.99% in that time.

Investors will be hoping for strength from MIC as it approaches its next earnings release, which is expected to be February 20, 2019. Our most recent consensus estimate is calling for quarterly revenue of $453.40 million, down 3.78% from the year-ago period.

Investors should also note any recent changes to analyst estimates for MIC. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. MIC is currently sporting a Zacks Rank of #3 (Hold).

The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 114, putting it in the top 44% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow MIC in the coming trading sessions, be sure to utilize Zacks.com.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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Zacks is the leading investment research firm focusing on stock research, analysis and recommendations. In 1978, our founder discovered the power of earnings estimate revisions to enable profitable investment decisions. Today, that discovery is still the heart of the Zacks Rank. A wealth of resources for individual investors is available at www.zacks.com.

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