Latest news for Kubota (OTC:KUBTY) Stock

Kubota

Kubota manufactures and sells small and midsize agricultural and construction equipment as well as water treatment equipment. Its key products in the farm and industrial machinery segment include compact/utility tractors, mini excavators, compact track loaders, engines, and rice farming equipment, such as combine harvesters as well as rice transplanters. The company has produced over 5.4 million units of tractors worldwide and over 30 million units of engines. Its water and environment segment provides mainly pipe system products like ductile iron pipes and valves, water/waste treatment plants, pumps, as well as operation and maintenance services, including public-private partnership projects. The company is based in Osaka, Japan, and was founded in 1890.

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Despite weak commodity prices and high costs adversely impacting the near-term outlook of the Zacks Manufacturing - Farm Equipment industry, it will gain from sustained demand for agricultural equipment required to feed a growing population.

4 Farm Equipment Stocks to Watch Amid Industry Challenges

Upgrades

Investors might want to bet on Kubota Corp. (OTC: KUBTY), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

Kubota Upgraded to Strong Buy: What Does It Mean for the Stock?

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Benzinga&#39;s Top Upgrades, Downgrades For August 28, 2019

Kubota Corp

Citigroup analyst Andrew Kaplowitz maintains Fluor (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/FLR#NYSE">FLR</a>) with a Neutral and raises the price target from $47 to $52.

Price Target

Citigroup Maintains Neutral on Fluor, Raises Price Target to $52

Morgan Stanley analyst Manan Gosalia maintains Fifth Third Bancorp (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FITB#NASDAQ">FITB</a>) with a Equal-Weight and raises the price target from $36 to $40.

FITB

Morgan Stanley Maintains Equal-Weight on Fifth Third Bancorp, Raises Price Target to $40

Deep-pocketed investors have adopted a bearish approach towards Baidu (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/BIDU#NASDAQ">BIDU</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in BIDU usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 19 extraordinary options activities for Baidu. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 42% leaning bullish and 52% bearish. Among these notable options, 3 are puts, totaling $152,100, and 16 are calls, amounting to $771,250.
<h3>Projected Price Targets</h3>
Analyzing the Volume and Open Interest in these contracts, it seems that the big players have been eyeing a price window from $70.0 to $100.0 for Baidu during the past quarter. 
<h3>Insights into Volume &amp; Open Interest</h3>
Examining the volume and open interest provides crucial insights into stock research. This information is key in gauging liquidity and interest levels for Baidu's options at certain strike prices. Below, we present a snapshot of the trends in volume and open interest for calls and puts across Baidu's significant trades, within a strike price range of $70.0 to $100.0, over the past month.
<h3>Baidu 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721665854_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th>Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.3</td>
<td>$3.2</td>
<td>$3.3</td>
<td>$100.00</td>
<td>$165.0K</td>
<td>9.9K</td>
<td>1.0K</td>
</tr>
<tr>
<td>BIDU</td>
<td>PUT</td>
<td>SWEEP</td>
<td>NEUTRAL</td>
<td>12/20/24</td>
<td>$14.05</td>
<td>$13.8</td>
<td>$14.0</td>
<td>$100.00</td>
<td>$70.0K</td>
<td>486</td>
<td>0</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$3.45</td>
<td>$3.35</td>
<td>$3.45</td>
<td>$100.00</td>
<td>$69.0K</td>
<td>9.9K</td>
<td>833</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>08/09/24</td>
<td>$6.8</td>
<td>$6.45</td>
<td>$6.57</td>
<td>$87.00</td>
<td>$65.7K</td>
<td>119</td>
<td>0</td>
</tr>
<tr>
<td>BIDU</td>
<td>CALL</td>
<td>TRADE</td>
<td>BULLISH</td>
<td>12/20/24</td>
<td>$14.15</td>
<td>$14.15</td>
<td>$14.15</td>
<td>$85.00</td>
<td>$56.6K</td>
<td>298</td>
<td>120</td>
</tr>
</tbody>
</table>

<h3>About Baidu</h3>
Baidu is the largest internet search engine in China with 84% share of the search engine market in September 2021 per web analytics firm, Statcounter. The firm generated 72% of core revenue from online marketing services from its search engine in 2022. Outside its search engine, Baidu is a technology-driven company and its other major growth initiatives are artificial intelligence cloud, video streaming services, voice recognition technology, and autonomous driving.
In light of the recent options history for Baidu, it's now appropriate to focus on the company itself. We aim to explore its current performance.
<h3>Baidu's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 1,440,841, the BIDU's price is up by 1.25%, now at $91.5. </li>
<li>RSI readings suggest the stock is currently may be approaching overbought.</li>
<li>Anticipated earnings release is in 31 days.</li>
</ul>
<h3>Professional Analyst Ratings for Baidu</h3>
A total of 2 professional analysts have given their take on this stock in the last 30 days, setting an average price target of $126.5.
<ul>
<li>An analyst from B of A Securities has decided to maintain their Buy rating on Baidu, which currently sits at a price target of $128. </li>
<li>An analyst from Barclays persists with their Overweight rating on Baidu, maintaining a target price of $125. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Baidu with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

Options

BIDU

Baidu's Options: A Look at What the Big Money is Thinking

Deep-pocketed investors have adopted a bullish approach towards Iris Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/IREN#NASDAQ">IREN</a>), and it's something market players shouldn't ignore. Our tracking of public options records at Benzinga unveiled this significant move today. The identity of these investors remains unknown, but such a substantial move in IREN usually suggests something big is about to happen.
We gleaned this information from our observations today when Benzinga's options scanner highlighted 20 extraordinary options activities for Iris Energy. This level of activity is out of the ordinary.
The general mood among these heavyweight investors is divided, with 75% leaning bullish and 25% bearish. Among these notable options, 2 are puts, totaling $81,485, and 18 are calls, amounting to $813,783.
<h3>Predicted Price Range</h3>
After evaluating the trading volumes and Open Interest, it's evident that the major market movers are focusing on a price band between $7.5 and $20.0 for Iris Energy, spanning the last three months.
<h3>Volume &amp; Open Interest Development</h3>
Looking at the volume and open interest is an insightful way to conduct due diligence on a stock.
This data can help you track the liquidity and interest for Iris Energy's options for a given strike price.
Below, we can observe the evolution of the volume and open interest of calls and puts, respectively, for all of Iris Energy's whale activity within a strike price range from $7.5 to $20.0 in the last 30 days. 
<h3>Iris Energy Option Activity Analysis: Last 30 Days</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721665849_0.png" alt="Options Call Chart" />
<h3>Biggest Options Spotted:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$2.25</td>
<td>$2.15</td>
<td>$2.15</td>
<td>$14.00</td>
<td>$107.5K</td>
<td>1.2K</td>
<td style="text-align: right;">64</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>11/15/24</td>
<td>$2.15</td>
<td>$2.0</td>
<td>$2.05</td>
<td>$14.00</td>
<td>$81.9K</td>
<td>1.2K</td>
<td style="text-align: right;">565</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>11/15/24</td>
<td>$3.6</td>
<td>$3.4</td>
<td>$3.6</td>
<td>$10.00</td>
<td>$72.0K</td>
<td>11.6K</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$0.9</td>
<td>$0.8</td>
<td>$0.9</td>
<td>$11.50</td>
<td>$67.5K</td>
<td>793</td>
<td style="text-align: right;">48</td>
</tr>
<tr>
<td>IREN</td>
<td>CALL</td>
<td>TRADE</td>
<td>BEARISH</td>
<td>09/20/24</td>
<td>$0.9</td>
<td>$0.7</td>
<td>$0.7</td>
<td>$20.00</td>
<td>$59.8K</td>
<td>2.9K</td>
<td style="text-align: right;">0</td>
</tr>
</tbody>
</table>

<h3>About Iris Energy</h3>
Iris Energy Ltd is a Bitcoin mining company. It builds, owns, and operates data centers and electrical infrastructure for the mining of Bitcoin powered by renewable energy. The company's mining operations generate revenue by earning Bitcoin through a combination of block rewards and transaction fees from the operation of its specialized computers called Application-specific Integrated Circuits and exchanging these Bitcoin for currencies such as USD or CAD on a daily basis.
After a thorough review of the options trading surrounding Iris Energy, we move to examine the company in more detail. This includes an assessment of its current market status and performance.
<h3>Iris Energy's Current Market Status</h3>
<ul>
<li>Currently trading with a volume of 10,988,368, the IREN's price is down by 0.0%, now at $11.3. </li>
<li>RSI readings suggest the stock is currently is currently neutral between overbought and oversold.</li>
<li>Anticipated earnings release is in 14 days.</li>
</ul>
<h3>Expert Opinions on Iris Energy</h3>
Over the past month, 3 industry analysts have shared their insights on this stock, proposing an average target price of $20.333333333333332.
<ul>
<li>In a cautious move, an analyst from Bernstein downgraded its rating to Outperform, setting a price target of $26. </li>
<li>An analyst from B. Riley Securities persists with their Buy rating on Iris Energy, maintaining a target price of $18. </li>
<li>An analyst from B. Riley Securities has decided to maintain their Buy rating on Iris Energy, which currently sits at a price target of $17. </li>
</ul>
Trading options involves greater risks but also offers the potential for higher profits. Savvy traders mitigate these risks through ongoing education, strategic trade adjustments, utilizing various indicators, and staying attuned to market dynamics. Keep up with the latest options trades for Iris Energy with <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a> for real-time alerts.

IREN

Decoding Iris Energy's Options Activity: What's the Big Picture?

Citigroup analyst Andrew Kaplowitz maintains AECOM (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ACM#NYSE">ACM</a>) with a Buy and lowers the price target from $116 to $104.

Citigroup Maintains Buy on AECOM, Lowers Price Target to $104

Investors with a lot of money to spend have taken a bullish stance on Danaher (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DHR#NYSE">DHR</a>).
And retail traders should know.
We noticed this today when the positions showed up on publicly available options history that we track here at Benzinga.
Whether these are institutions or just wealthy individuals, we don't know. But when something this big happens with DHR, it often means somebody knows something is about to happen.
Today, Benzinga's options scanner spotted 10 options trades for Danaher.
This isn't normal.
The overall sentiment of these big-money traders is split between 80% bullish and 20%, bearish.
Out of all of the options we uncovered, there was 1 put, for a total amount of $150,334, and 9, calls, for a total amount of $532,503.
<h3>Expected Price Movements</h3>
Taking into account the Volume and Open Interest on these contracts, it appears that whales have been targeting a price range from $230.0 to $260.0 for Danaher over the last 3 months. 
<h3>Volume &amp; Open Interest Trends</h3>
Assessing the volume and open interest is a strategic step in options trading. These metrics shed light on the liquidity and investor interest in Danaher's options at specified strike prices. The forthcoming data visualizes the fluctuation in volume and open interest for both calls and puts, linked to Danaher's substantial trades, within a strike price spectrum from $230.0 to $260.0 over the preceding 30 days.
<h3>Danaher 30-Day Option Volume &amp; Interest Snapshot</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721665843_0.png" alt="Options Call Chart" />
<h3>Largest Options Trades Observed:</h3>

<table>
<thead>
<tr>
<th>Symbol</th>
<th>PUT/CALL</th>
<th>Trade Type</th>
<th>Sentiment</th>
<th>Exp. Date</th>
<th>Ask</th>
<th>Bid</th>
<th>Price</th>
<th>Strike Price</th>
<th>Total Trade Price</th>
<th>Open Interest</th>
<th style="text-align: right;">Volume</th>
</tr>
</thead>
<tbody>
<tr>
<td>DHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$7.3</td>
<td>$7.2</td>
<td>$7.3</td>
<td>$260.00</td>
<td>$171.5K</td>
<td>56</td>
<td style="text-align: right;">0</td>
</tr>
<tr>
<td>DHR</td>
<td>PUT</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>09/20/24</td>
<td>$6.6</td>
<td>$6.5</td>
<td>$6.5</td>
<td>$240.00</td>
<td>$150.3K</td>
<td>2.4K</td>
<td style="text-align: right;">1</td>
</tr>
<tr>
<td>DHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>10/18/24</td>
<td>$7.4</td>
<td>$7.2</td>
<td>$7.3</td>
<td>$260.00</td>
<td>$80.3K</td>
<td>56</td>
<td style="text-align: right;">242</td>
</tr>
<tr>
<td>DHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>07/26/24</td>
<td>$1.7</td>
<td>$1.6</td>
<td>$1.65</td>
<td>$260.00</td>
<td>$78.0K</td>
<td>264</td>
<td style="text-align: right;">145</td>
</tr>
<tr>
<td>DHR</td>
<td>CALL</td>
<td>SWEEP</td>
<td>BULLISH</td>
<td>01/16/26</td>
<td>$38.6</td>
<td>$37.8</td>
<td>$37.8</td>
<td>$250.00</td>
<td>$52.9K</td>
<td>72</td>
<td style="text-align: right;">30</td>
</tr>
</tbody>
</table>

<h3>About Danaher</h3>
In 1984, Danaher's founders transformed a real estate organization into an industrial-focused manufacturing company. Through a series of mergers, acquisitions, and divestitures, Danaher now focuses primarily on manufacturing scientific instruments and consumables in the life science and diagnostic industries after the late 2023 divesititure of its environmental and applied solutions group, Veralto.
<h3>Danaher's Current Market Status</h3>
<ul>
<li>Trading volume stands at 1,129,939, with DHR's price up by 0.82%, positioned at $245.54.</li>
<li>RSI indicators show the stock to be is currently neutral between overbought and oversold.</li>
<li>Earnings announcement expected in 1 days.</li>
</ul>
<h3>Expert Opinions on Danaher</h3>
In the last month, 1 experts released ratings on this stock with an average target price of $260.0.
<ul>
<li>Consistent in their evaluation, an analyst from Evercore ISI Group keeps a Outperform rating on Danaher with a target price of $260. </li>
</ul>
Options trading presents higher risks and potential rewards. Astute traders manage these risks by continually educating themselves, adapting their strategies, monitoring multiple indicators, and keeping a close eye on market movements. Stay informed about the latest Danaher options trades with real-time alerts from <a href="https://benzinga.grsm.io/register174">Benzinga Pro</a>.

Market Whales and Their Recent Bets on DHR Options

Boeing And Antonov To Collaborate On Defense Projects; Signed MOU To Work With Ukrainian Industry

Coca-Cola Consolidated (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/COKE#NASDAQ">COKE</a>) has outperformed the market over the past 15 years by 9.41% on an annualized basis producing an average annual return of 21.63%. Currently, Coca-Cola Consolidated has a market capitalization of $9.51 billion. 
Buying $1000 In COKE: If an investor had bought $1000 of COKE stock 15 years ago, it would be worth $19,095.43 today based on a price of $1085.50 for COKE at the time of writing.
<h3>Coca-Cola Consolidated's Performance Over Last 15 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721665816_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

COKE

If You Invested $1000 In This Stock 15 Years Ago, You Would Have $19,000 Today

Cheniere Energy (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNG#NYSE">LNG</a>) has outperformed the market over the past 20 years by 7.72% on an annualized basis producing an average annual return of 16.09%. Currently, Cheniere Energy has a market capitalization of $41.28 billion. 
Buying $1000 In LNG: If an investor had bought $1000 of LNG stock 20 years ago, it would be worth $20,063.40 today based on a price of $180.35 for LNG at the time of writing.
<h3>Cheniere Energy's Performance Over Last 20 Years</h3>
<img src="https://www.benzinga.com/files/images/story/2024/1721665811_0.png" alt="comp_fig" />
Finally -- what's the point of all this? The key insight to take from this article is to note how much of a difference compounded returns can make in your cash growth over a period of time.
This article was generated by Benzinga's automated content engine and reviewed by an editor.

$1000 Invested In Cheniere Energy 20 Years Ago Would Be Worth This Much Today

Former President <a href="https://finance.yahoo.com/news/heres-much-profit-donald-trump-121454764.html">Donald Trump</a> has set the bar high for his upcoming fundraiser at the Bitcoin 2024 Conference in Nashville. The invitation for his exclusive event, scheduled for July 27, boasts an astonishing $844,600 ticket price. According to Bloomberg, this is the " … maximum combined campaign contribution to the Trump campaign and the Republican National Committee that's allowed under campaign finance laws." This is equivalent to around 13 <a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment/">Bitcoin (BTC)</a> in today's market. However, the event&#8217;s high cost is not the only headline, as the <a href="https://finance.yahoo.com/news/kevin-oleary-says-assassination-attempt-141514067.html">recent assassination of Trump</a> has introduced a sense of unease among attendees.
Don't /miss:
<ul>
<li>1 in 4 Americans own a share of Bitcoin according to NASDAQ,<a href="https://www.benzinga.com/money/nasdaq-1in4-adv"> how many people got started through this free crypto faucet?</a></li>
<li><a href="https://www.benzinga.com/money/plus500">Want to trade futures? Discover why 25 million chose this Chicago Bulls sponsor.</a></li>
</ul>
This event aims to raise funds for Trump's presidential campaign while showcasing his newfound enthusiasm for crypto. Years prior, he dismissed Bitcoin as a "scam," but he has since departed from his skepticism. Trump's recent speeches illustrate his determination to protect and enhance Bitcoin and the rest of crypto, coining him the "crypto president." Specifically, Trump pledged to keep Sen. Elizabeth Warren and "her goons" away from Bitcoin holders.
Attendees paying for the near million-dollar ticket will receive roundtable seating, a photo with Trump, and VIP access to the reception. The invitation also mentions a photo opportunity with Trump for $60k per person and $100k per couple. Trump is expected to be the lead voice for the conference with guest speakers including Ohio Sen. JD Vance (Trump's newly elected running mate), Vivek Ramaswamy (Trump&#8217;s primary Republican opponent) and <a href="https://www.benzinga.com/markets/cryptocurrency/24/04/38517674/cathie-wood-raises-her-bitcoin-prediction-by-2-3-million-what-1-000-invested-could-be-wort">Cathie Wood (Ark Invest's CEO)</a>.&nbsp;
According to the invitation&#8217;s email, the organizers have capped the event&#8217;s attendance at an estimated 100-150 donors, who &#8220;will enjoy drinks and hors d&#8217;oeuvres while mingling with influential guests.&#8221; If fully booked, the event is estimated to bring in $130 million.
Trending: If you invested $100 in DOGE when Elon Musk first tweeted about it in 2019,<a href="https://www.benzinga.com/money/bydfi-doge"> here&#8217;s how much you&#8217;d have today</a>.
With the event centered around digital currency, there are rumors about accepting crypto as a payment method. According to Decrypt, the attendees can purchase tickets using crypto via Coinbase, Gemini, or Anedot. The ongoing acceptance of crypto hints at the likelihood of digital asset integration for future political fundraising.&nbsp;
Trump's fundraiser coinciding with Bitcoin 2024 is more than an expensive event. It's a calculated move that facilitates his political and financial influence. Trump seems to be aiming to capitalize on a new wave of supporters by offering a fresh perspective on the future of finance. This strategy could prove pivotal in his campaign and set the tone for future elections.&nbsp;
However, not everyone is fond of Trump's unique initiatives. Trump's new crypto advocacy has come with significant criticism. Many of his traditional supporters view his shift with suspicion. Critics argue that his new stance contradicts previous statements and neglects attention from traditional finances. Many financial experts have voiced concerns over volatility and regulatory challenges that come with crypto.&nbsp;
Overall, Trump's fundraiser at Bitcoin 2024 represents a distinctive move that strengthens ties with crypto while potentially losing the interest of others. Whether or not this strategy will wind up victorious remains unknown, but one thing is certain: Trump is attempting to reconstruct America&#8217;s financial and political landscape.&nbsp;
Read Next:
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<li>General Motors and other leaders revealed to be<a href="https://www.benzinga.com/money/energyx"> investing in this revolutionary lithium start-up — allowing easy entry by launching at just $9.50 per share.</a></li>
<li>America's construction sites are desperate for Robots —<a href="https://www.benzinga.com/money/apis-cor"> here&#8217;s how to invest in a house-printing startup who&#8217;s making them and be a part of a $16 trillion industry</a>.</li>
</ul>

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

$BTC

Trump Fundraiser At Bitcoin Conference Reaches $845K Asking Price Per Seat

Allarity Therapeutics Inc (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ALLR#NASDAQ">ALLR</a>) revealed on Monday it received a &#8220;Wells Notice&#8221; from the U.S. <a href="https://www.benzinga.com/pressreleases/24/07/g39878827/allarity-therapeutics-outlines-companys-2024-progress-and-objectives" target="_blank" rel="noreferrer noopener">Securities and Exchange Commission (SEC)</a>.
This notice pertains to the company&#8217;s disclosures about meetings with the Federal Drug Administration (FDA) regarding their New Drug Application (NDA) for Dovitinib or Dovitinib-DRP, submitted in 2021.
In December 2021, Allarity Therapeutics submitted a marketing application to the FDA seeking approval for dovitinib for the third-line treatment of <a href="https://www.benzinga.com/general/biotech/21/12/24738868/whats-happening-with-allarity-therapeutics-stock-today" target="_blank" rel="noreferrer noopener">renal cell carcinoma (RCC) patients</a>.  
The company&#8217;s NDA filing was supported by its prior pre-market approval (PMA) submission with the FDA for using Dovitinib-DRP, its companion diagnostic for the drug, to select and treat RCC patients most likely to respond to dovitinib.
Additionally, three former officers of Allarity have received similar notices from the SEC related to this issue.
A Wells Notice indicates the SEC staff made a preliminary determination to recommend enforcement action, alleging violations of federal securities laws.
It is not a formal charge but suggests potential legal action.
Allarity disclosed that all conduct related to the SEC&#8217;s notice occurred during or before the fiscal year 2022.
The company remains cooperative with the SEC and plans to submit a formal response, asserting its actions were appropriate.
Allarity&#8217;s board of directors has proposed a reverse stock split to shareholders to regain and sustain compliance with NASDAQ&#8217;s listing requirements.
The company said it will focus on advancing stenoparib, a novel dual PARP and Tankyrase inhibitor.
Recently, Allarity Therapeutics announced the early discontinuation of its Phase 2 clinical trial of stenoparib for advanced&nbsp;<a target="_blank" href="https://www.benzinga.com/general/biotech/24/05/38591401/why-is-nano-cap-allarity-therapeutics-stock-trading-up-on-thursday" rel="noreferrer noopener">recurrent ovarian cancer</a>.&nbsp;
The trial, evaluating stenoparib given twice daily, showed clear clinical benefits, including tumor shrinkage and long-term disease stability, in heavily pretreated ovarian cancer patients.&nbsp;
Allarity Therapeutics announced the company has a financial runway extending into 2026 at its current burn rate with a cash balance of $20 million.
The company also plans to pause its ATM offering program for the foreseeable future.
ALLR Price Action: Allarity stock is down 8.33% at 15 cents at last check Monday.
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ALLR

Allarity Therapeutics Hit By SEC Notice Related Disclosures Of Once Lead Cancer Program

Evercore ISI Group analyst James West maintains Schlumberger (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SLB#NYSE">SLB</a>) with a Outperform and raises the price target from $73 to $74.

Evercore ISI Group Maintains Outperform on Schlumberger, Raises Price Target to $74

Evercore ISI Group analyst James West maintains Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) with a Outperform and lowers the price target from $52 to $48.

Evercore ISI Group Maintains Outperform on Halliburton, Lowers Price Target to $48

Citigroup analyst Joao Pedro Soares maintains Despegar.com (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DESP#NYSE">DESP</a>) with a Neutral and raises the price target from $14.5 to $15.

DESP

Citigroup Maintains Neutral on Despegar.com, Raises Price Target to $15

In the wake of President Joe Biden&#8217;s decision to withdraw from the <a href="https://www.benzinga.com/news/24/07/39874154/bidens-exit-from-presidential-race-sparks-massive-reactions-from-first-lady-gavin-newsom-marjorie-ta">race for the presidency</a>, a Kamala Harris-themed meme coin, Kamala Horris (CRYPTO: KAMA), has hit a new all-time high.
What Happened: KAMA peaked at a high of over $30 million after Biden&#8217;s announcement, a more than 1,500% return since the start of the month. The meme coin is currently trading around a valuation of $16 million, ahead of the Biden-themed Jeo Boden (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/">BODEN</a>) at $6 million. BODEN has lost over 99% of its value from the peak.
Politics-themed tokens oscillate in value according to news of the candidates they represent. Notably, BODEN peaked in March after Joe Biden delivered a <a href="https://www.benzinga.com/markets/cryptocurrency/24/03/37568099/how-bidens-state-of-the-union-affects-2024-white-house-odds">State of the Union address</a>, which was well received.
The shift in value from BODEN to KAMA indicates the market&#8217;s response to Biden&#8217;s withdrawal and the subsequent endorsement of Harris.
<figure class="wp-block-image size-full"><a href="https://www.benzinga.com/events/digital-assets/ "><img loading="lazy" decoding="async" width="300" height="250" src="https://editorial-assets.benzinga.com/wp-content/uploads/2024/03/29155259/905735A6-57D3-4874-9AA1-75D037842DB3-2.gif" alt="Benzinga Future of Digital Assets conference" class="wp-image-270548" /></a></figure>
Also Read: <a href="https://www.benzinga.com/news/24/07/39875041/gavin-newsom-backs-kamala-harris-calls-vp-tough-fearless-and-tenacious-the-ideal-candidate-to-counte">Gavin Newsom Backs Kamala Harris, Calls VP Tough, Fearless And Tenacious: &#8216;The Ideal Candidate To Counter Donald Trump&#8217;</a>
Why It Matters: Political meme coins have seen a surge in activity, with traders creating new tokens in response to the changing political landscape. 
Even before Kamala Harris officially announced to run for the presidency, crypto traders had predicted upside for the KAMA meme coin.
One trader forecasted that "Kamala becomes the candidate this sends hard, worth a gamble."
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter"> 
<div class="wp-block-embed__wrapper">
<blockquote class="twitter-tweet" data-width="500" data-dnt="true">There is just no way they let Biden be the candidate for the election. Kamala seems like the obvious replacement<a href="https://twitter.com/search?q=%24KAMA&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$KAMA</a> on SOL is a clear buy at $8M MC, <a href="https://twitter.com/search?q=%24BODEN&amp;src=ctag&amp;ref_src=twsrc%5Etfw">$BODEN</a> hit $650M 3 months back IF Kamala becomes the candidate this sends hard, worth a gamble! <a href="https://t.co/UI0D4JLXLm">https://t.co/UI0D4JLXLm</a> <a href="https://t.co/4i9SzQDm53">pic.twitter.com/4i9SzQDm53</a>
&mdash; Crypto Hype (@CryptoHypeReal) <a href="https://twitter.com/CryptoHypeReal/status/1812115130143953348?ref_src=twsrc%5Etfw">July 13, 2024</a></blockquote>
<script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script></div>
</figure>
Venture Coinist Luke Martin <a href="https://x.com/VentureCoinist/status/1808504187627483245">added</a> on July 3 that KAMA still needed a 100% gain to overtake BODEN, saying, "This is either the dumbest trade or the easiest 2x in crypto. Or both."
What&#8217;s Next: The influence of meme coins and <a href="https://www.benzinga.com/money/is-bitcoin-a-good-investment" target="_blank" rel="noreferrer noopener">Bitcoin as an institutional asset class</a> is expected to be thoroughly explored at Benzinga&#8217;s upcoming <a href="https://www.benzinga.com/events/digital-assets/agenda/" target="_blank" rel="noreferrer noopener">Future of Digital Assets</a> event on Nov. 19.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/news/24/07/39874401/betting-markets-favor-kamala-harris-as-top-democratic-presidential-contender">Betting Markets Favor Kamala Harris As Top Democratic Presidential Contender</a></li>
</ul>
Image: Shutterstock

$BODEN

Kamala Harris-Inspired KAMA Meme Coin Explodes 1,500% In 3 Weeks, Flips Biden-Themed BODEN Coin

Evercore ISI Group analyst Chris McNally maintains Autoliv (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ALV#NYSE">ALV</a>) with a Outperform and lowers the price target from $150 to $140.

Evercore ISI Group Maintains Outperform on Autoliv, Lowers Price Target to $140

TD Cowen analyst John Kernan maintains Skechers USA (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SKX#NYSE">SKX</a>) with a Buy and raises the price target from $77 to $79.

TD Cowen Maintains Buy on Skechers USA, Raises Price Target to $79

Citigroup analyst Jon Tower maintains Starbucks (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SBUX#NASDAQ">SBUX</a>) with a Neutral and lowers the price target from $85 to $80.

SBUX

Citigroup Maintains Neutral on Starbucks, Lowers Price Target to $80

Baird analyst Mircea Dobre maintains Terex (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/TEX#NYSE">TEX</a>) with a Neutral and raises the price target from $58 to $67.

Baird Maintains Neutral on Terex, Raises Price Target to $67

TD Cowen analyst Marc Bianchi maintains Halliburton (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HAL#NYSE">HAL</a>) with a Buy and lowers the price target from $47 to $45.

TD Cowen Maintains Buy on Halliburton, Lowers Price Target to $45

Kubota: More Risk Than Reward As The Cycle Turns

Farmer sentiment stabilizes as inflation outlook moderates

Kubota: This Legendary Japanese Company Has Rarely Been This Cheap

Kubota Corporation reports FY results

Aristotle Capital Global Equity Q4 2023 Commentary

Japanese value stocks with a negative FX beta - SG

<a href="https://investorplace.com">InvestorPlace - Stock Market News, Stock Advice &amp; Trading Tips</a>
Kubota (OTCMKTS:<a href="https://investorplace.com/stock-quotes/kubty-stock-quote/">KUBTY</a>) just reported results for the first quarter of 2024.<ul><li>Kubota reported earnings per share of $2.09. This was below the analyst estimate for EPS of $2.14.</li><li>The company reported revenue of $5.22 billion.</li><li>This was 3.97% worse than the analyst estimate for revenue of $5.44 billion.</li></ul><div>InvestorPlace Earnings is a project that leverages data from <a href="https://www.tradesmith.com">TradeSmith</a> to automate coverage of quarterly earnings reports. InvestorPlace Earnings distills key takeaways including earnings per share and revenue, as well as how a company stacks up to analyst estimates. These articles are published without human intervention, allowing us to inform our readers of the latest figures as quickly as possible. To report any concerns or inaccuracies, please contact us at <a href="mailto:editor@investorplace.com">editor@investorplace.com</a>.</div><h3>More From InvestorPlace</h3>
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	The post <a href="https://investorplace.com/earning-results/2024/06/kubty-stock-earnings-kubota-for-q1-of-2024/">KUBTY Stock Earnings: Kubota Misses EPS, Misses Revenue for Q1 2024</a> appeared first on <a href="https://investorplace.com">InvestorPlace</a>.

KUBTY Stock Earnings: Kubota Misses EPS, Misses Revenue for Q1 2024

Caterpillar: Material Downside To Consensus Estimates

Warning: KUBTY is at high risk of performing badly

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Despite weak commodity prices and high costs adversely impacting the near-term outlook of the Zacks Manufacturing - Farm Equipment industry, it will gain from sustained demand for agricultural equipment required to feed a growing population.

Major players like Deere (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/DE#NYSE">DE</a>), Kubota (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KUBTY#OTC">KUBTY</a>), AGCO Corporation (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/AGCO#NYSE">AGCO</a>) and Lindsay (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/LNN#NYSE">LNN</a>) are well-poised to benefit from this demand by expanding their product offerings. The industry&#39;s emphasis on revolutionizing agriculture with technology to make farming automated is expected to be a major catalyst. Companies like Deere, CNH Industrial&nbsp;and AGCO are thus investing heavily in upping their technology game.

About the Industry

The Zacks Manufacturing - Farm Equipment industry comprises companies that manufacture agricultural equipment. These equipment include tractors, combines, cotton pickers and harvesting equipment; tillage, seeding and application equipment, consisting of sprayers, nutrient management and soil preparation machinery; and hay and forage equipment, comprising self-propelled forage harvesters and attachments, balers, and mowers. Some companies in the industry produce turf and utility equipment, consisting of riding lawn equipment and walk-behind mowers, golf course equipment, utility vehicles, commercial mowing equipment and garden tillers and snow throwers. Some participants in the industry also manufacture irrigation equipment. Deere, CNH Industrial and AGCO presently hold the foremost positions as the top three global manufacturers of agricultural equipment (in that order).

Trends Shaping the Future of the Manufacturing - Farm Equipment Industry

Low Commodity Prices Act as a Woe: Soybeans&#39; prices have decreased 9.5% so far in 2024 and corn prices have declined 14.2%. Deteriorating agricultural commodity prices, high interest rates and production costs have affected farmer sentiment. This, in turn, is weighing on agricultural equipment demand. Wheat, corn and soybean prices are likely to decline due to high inventory levels and expectations of an increase in supply. Also. demand in China for soybeans is expected to go down due to the government&#39;s efforts to reduce and substitute the use of soybeans in animal feed to decrease reliance on imports. The U.S. Department of Agriculture projects a net farm income of $116.1 billion for 2024, indicating a decline of 25.5% from 2023. Low farm income will continue to influence farmers&#39; investment decision-making until conditions stabilize.

High Costs &amp; Supply-Chain Issues Are Worrisome: The industry has not been immune to the rampant cost inflation prevailing in the sector. Constraints on the availability of raw materials, labor and trucking resources have led to higher lead times for deliveries.

Need for Food to Drive Demand for the Industry: Despite the volatility in commodity prices, agricultural equipment demand will be supported by increased global demand for food stemming from population growth and an increasing proportion of the population aspiring for better living standards. In the United States, the agricultural machinery market is forecast to reach $39.56 billion in 2024. It is expected to reach $53.7 billion in 2027 at a compound annual growth rate (CAGR) of 6.3% between 2024 and 2027. Farm size has been on the rise in the United States, which calls for more laborers. Given the escalation in labor costs every year, farmers are resorting to farming equipment to replace labor.

Technologically Advanced Machinery Continues to Gain Popularity: Customers are increasingly relying on advanced technology, smart farming solutions and mechanization to run their operations. Thus, the industry participants are enhancing investments in launching products equipped with advanced technologies and features to keep up with customers&#39; evolving demands. Precision agriculture technology is expected to be a key catalyst, as it enables farmers to increase yield with reduced input costs and sustainability benefits. Deere, CNH and AGCO are currently the forerunners in this. CNH Industrial&#39;s acquisition of Raven Industries in November 2021 marked an important milestone in the company&#39;s digital transformation. It expanded CNH&#39;s portfolio of precision agriculture technology offerings and accelerated the development of advanced machine automation and autonomous agriculture technology. In 2023 the company acquired global satellite navigation technology leader Hemisphere, boosting its in-house precision, automation and autonomy technology.

Zacks Industry Rank Indicates Dull Prospects

The Zacks Manufacturing - Farm Equipment industry is part of the broader Zacks Industrial Products sector. The industry currently carries a Zacks Industry Rank #232, which places it at the bottom 7% of more than 250 Zacks industries.

The group&#39;s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dim prospects in the near term. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.

Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually losing confidence in this group&#39;s earnings growth potential. Since the beginning of this year, the industry&#39;s earnings estimate for the current year has gone down 8%.

Despite the bleak near-term prospects of the industry, we will present a few Manufacturing - Farm Equipment stocks that can be retained in one&#39;s portfolio. It is worth taking a look at the industry&#39;s stock market performance and valuation picture before that.

Industry Versus Broader Market

The Zacks Manufacturing - Farm Equipment industry has underperformed its sector and the Zacks S&amp;P 500 composite over the past 12 months. Stocks in this industry have declined 15.2% in the past 12 months against the S&amp;P 500&#39;s growth of 29.8%. The Industrial Products sector has gained 10.5% in the said time frame.

<h3>One-Year Price Performance 
<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/oneyear_20240708.jpg" style="height:363px; width:620px" /></h3>

Industry&#39;s Current Valuation

On the basis of the trailing EV/EBITDA ratio, which is a commonly used multiple for valuing farm equipment stocks, we see that the industry is currently trading at 13.48X compared with the S&amp;P 500&#39;s 20.09X. The Industrial Products sector&#39;s trailing 12-month EV/EBITDA is 16.14X. This is shown in the charts below.

<h3>Enterprise Value/EBITDA (EV/EBITDA) Ratio</h3>

<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/ttmspm_20240708.jpg" style="height:234px; width:620px" />

<h3>Enterprise Value/EBITDA (EV/EBITDA) Ratio</h3>

<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/ttminds_20240708.jpg" style="height:228px; width:620px" />

Over the last five years, the industry traded as high as 28.72X and as low as 11.16X, the median being 18.35X.

4 Manufacturing - Farm Equipment Stocks to Keep an Eye on

Deere: The company is witnessing solid growth in order levels, which is expected to aid its top-line performance. DE will continue to benefit from its focus on launching products equipped with advanced technologies and features that provide it with a competitive edge. Efforts to expand in precision agriculture will be a significant growth driver. Replacement demand, triggered by the need to upgrade old equipment, will continue to support its revenues. Considering that Deere also makes construction equipment, it will benefit from strong demand in the residential and non-residential construction markets. DE&#39;s cost-control actions have been supporting margins despite the persistent inflationary pressures.

The Zacks Consensus Estimate for the Moline, IL-based company&#39;s fiscal 2024 earnings is pegged at $25.59. DE has a trailing four-quarter earnings surprise of 16%, on average. Deere has an estimated long-term earnings growth rate of 9.7% and carries a Zacks Rank #3.

<h3>Price &amp; Consensus: DE</h3>

<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/deio_20240703.jpg" style="height:375px; width:620px" />

Kubota: The company has formulated its long-term vision, &quot;GMB2030.&quot; It has been progressing with initiatives to realize smart agriculture with the aim of providing solutions that will improve the productivity and safety of food. Agricultural machine automation is one of the key pillars of these initiatives. The company has invested in Chouette &mdash; an AgTech company that uses artificial intelligence to analyze images captured by cameras to detect diseases and tree vigor, and, based on the data analysis, creates the optimal spray volume of chemicals by unique algorithms. The company will continue to benefit from strong demand for its agricultural equipment. Demand for its construction equipment will be supported by increased infrastructure spending in the United States. Its prospects look promising in other parts of the world.

The Zacks Consensus Estimate for Osaka, Japan-based Kubota&#39;s earnings for fiscal 2024 is pegged at $6.21. The company has a trailing four-quarter earnings surprise of 48.3%, on average. It has an estimated long-term earnings growth rate of 2.9% and currently carries a Zacks Rank #3 (Hold).

<h3>Price &amp; Consensus: KUBTY</h3>

<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/kubtyio_20240703.jpg" style="height:379px; width:620px" />

AGCO Corp: The company has been gaining from improved farm dynamics and increasing replacement demand for old equipment. It has been investing in products, precision farming technology and smart farming solutions to improve distribution and enhance digital capabilities to strengthen product offerings. These efforts, along with favorable market demand and the company&#39;s cost-control measures, have driven margin expansion over the past few quarters. AGCO recently announced that it is restructuring its dealership network in Ohio. This will allow skilled dealers to broaden access to the manufacturer&#39;s popular brands across the Buckeye State. The dealerships plan to offer AGCO&#39;s whole brand portfolio, which includes Fendt, Massey Ferguson and PTx equipment and services. Lowe &amp; Young, Mayer Farm Equipment and North Star Hardware &amp; Implement are all current AGCO dealers in Ohio. They will broaden their product and service offerings in their current markets.

The Zacks Consensus Estimate for the company&#39;s fiscal 2024 earnings is pegged at $11.64. AGCO has a trailing four-quarter earnings surprise of 7.7%, on average. It has an estimated long-term earnings growth rate of 13.4%. This Duluth, GA-based company currently carries a Zacks Rank #3.

<h3>Price &amp; Consensus: AGCO</h3>

<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/cnhio_20240703.jpg" style="height:380px; width:620px" />

Lindsay: The company is well poised to gain from its demand for its Road Zipper System. Its Road Zipper System is a highly differentiated product that delivers significant advantages by addressing key infrastructure needs such as reducing congestion, lowering carbon emission, improving commuter travel time and increasing driver safety. Road Zipper Systems are gaining popularity globally for its faster implementation and lower cost compared to constructing new lanes. Lindsay&#39;s infrastructure business is beginning to benefit from rising infrastructure spending in the United States, particularly in Road Zipper System leasing and the sale of road safety equipment. The company recently signed a multi-year supply agreement to provide Zimmatic irrigation systems and FieldNET remote management and scheduling technology in the Middle East and North Africa region. The project is valued at more than $100 million in revenues. Pivot shipments for this project will commence in fourth-quarter fiscal 2024 and are scheduled to continue until 2025.

The Zacks Consensus Estimate for the Omaha, NE-based company&#39;s ongoing-year earnings is pegged at $5.47. LNN has a trailing four-quarter earnings surprise of 19.9%, on average. It currently carries a Zacks Rank #3.

<h3>Price &amp; Consensus: LNN</h3>

<img alt="" src="https://staticx-tuner.zacks.com/images/zadmin_tuner_image/lnnio_20240703.jpg" />

<a href="https://www.zacks.com/commentary/2296584/4-farm-equipment-stocks-to-watch-amid-industry-challenges?cid=CS-BENZ-FT-industry_outlook-2296584">To read this article on Zacks.com click here.</a>

Investors might want to bet on Kubota Corp. (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KUBTY#OTC">KUBTY</a>), as it has been recently upgraded to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.

A company&#39;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.

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.

As such, the Zacks rating upgrade for Kubota 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&#39;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. That&#39;s partly because of the influence of institutional investors that use earnings and earnings estimates for calculating the fair value of a company&#39;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.

For Kubota, rising earnings estimates and the consequent rating upgrade fundamentally mean an improvement in the company&#39;s underlying business. And investors&#39; appreciation of this improving business trend should push the stock higher.

Harnessing the Power of Earnings Estimate Revisions

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.

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.

Earnings Estimate Revisions for Kubota

For the fiscal year ending December 2024, this company is expected to earn $5.89 per share, which is a change of -18.1% from the year-ago reported number.

Analysts have been steadily raising their estimates for Kubota. Over the past three months, the Zacks Consensus Estimate for the company has increased 6%.

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 &#39;buy&#39; and &#39;sell&#39; 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 &#39;Strong Buy&#39; rating and the next 15% get a &#39;Buy&#39; 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 Kubota 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.

<a href="https://www.zacks.com/stock/news/2276226/kubota-kubty-upgraded-to-strong-buy-what-does-it-mean-for-the-stock?cid=CS-BENZ-FT-tale_of_the_tape&#x7C;yseop_template_12_zacks_rank_upgrade-2276226">To read this article on Zacks.com click here.</a>

Kubota (OTC:<a class="ticker" href="https://www.benzinga.com/stock/KUBTY#OTC">KUBTY</a>) is set to give its latest quarterly earnings report on Tuesday, 2023-02-14. Here's what investors need to know before the announcement.
Analysts estimate that Kubota will report an earnings per share (EPS) of $1.47. 
Kubota bulls will hope to hear the company announce they've not only beaten that estimate, but also to provide positive guidance, or forecasted growth, for the next quarter.
New investors should note that it is sometimes not an earnings beat or miss that most affects the price of a stock, but the guidance (or forecast).
Here's a look at Kubota's past performance and the resulting price change:
<table>
<thead>
<tr>
<th>Quarter</th>
<th>Q3 2022</th>
<th>Q2 2022</th>
<th>Q1 2022</th>
<th>Q4 2021</th>
</tr>
</thead>
<tbody>
<tr>
<td>EPS Estimate</td>
<td></td>
<td>2.04</td>
<td>2.04</td>
<td></td>
</tr>
<tr>
<td>EPS Actual</td>
<td>1.3</td>
<td>1.34</td>
<td>1.80</td>
<td>1.06</td>
</tr>
<tr>
<td>Price Change %</td>
<td>3.25%</td>
<td>-0.33%</td>
<td>1.11%</td>
<td>-6.52%</td>
</tr>
</tbody>
</table>
<h3>Stock Performance</h3>
Shares of Kubota were trading at $75.04 as of February 10. Over the last 52-week period, shares are down 17.28%. Given that these returns are generally negative, long-term shareholders are likely upset going into this earnings release. 
<a href="https://www.benzinga.com/quote/KUBTY/earnings">To track all earnings releases for Kubota visit their earnings calendar on our site.</a>
This article was generated by Benzinga's automated content engine and reviewed by an editor.

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