A month has gone by since the last earnings report for Highwoods Properties (HIW). Shares have added about 0.1% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Highwoods Properties due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important catalysts.
How Have Estimates Been Moving Since Then?
It turns out, estimates revision have trended downward during the past month.
VGM Scores
Currently, Highwoods Properties has a subpar Growth Score of D, however its Momentum Score is doing a bit better with a C. Following the exact same course, the stock was allocated a grade of C on the value side, putting it in the middle 20% for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of this revision indicates a downward shift. It's no surprise Highwoods Properties has a Zacks Rank #4 (Sell). We expect a below average return from the stock in the next few months.
7 Best Stocks for the Next 30 Days
Just released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."
Since 1988, the full list has beaten the market more than 2X over with an average gain of +24.3% per year. So be sure to give these hand picked 7 your immediate attention.
See them now >>Highwoods Properties, Inc. (HIW) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
%20Surpasses%20Q4%20Earnings%20and%20Revenue%20Estimates%20%7C%20Nasdaq&_biz_n=0&rnd=273504&cdn_o=a&_biz_z=1743107722572)
%20Up%200.1%25%20Since%20Last%20Earnings%20Report%3A%20Can%20It%20Continue%3F%20%7C%20Nasdaq&_biz_n=1&rnd=199584&cdn_o=a&_biz_z=1743107722573)
%20Up%200.1%25%20Since%20Last%20Earnings%20Report%3A%20Can%20It%20Continue%3F%20%7C%20Nasdaq&rnd=414541&cdn_o=a&_biz_z=1743107722577)