On Friday, Hillenbrand got an upgrade for its IBD SmartSelect Composite Rating from 93 to 96.
The upgrade means the stock is now outperforming 96% of all other stocks in terms of key performance metrics and technical strength. History shows the top market performers tend to have a 95 or higher score as they launch their major moves.
Hillenbrand is currently forming a cup with handle, with a 49.40 entry. Look for the stock to break out in heavy trade at least 40% higher than normal. Keep in mind that earnings are scheduled to be released next week, February 5.
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HI Stock Earnings
The stock earns a 91 EPS Rating, which means its recent quarterly and longer-term annual earnings growth tops 91% of all stocks. Next earnings release scheduled for 02/05/2024.
Its Accumulation/Distribution Rating of A- shows heavy buying by institutional investors, such as mutual funds and pension funds, over the last 13 weeks.
The company reported a 45% EPS gain for Q4. That means it's now posted two straight quarters of rising EPS growth. Revenue growth climbed 26%, up from 24% in the prior quarter. That marks four consecutive reports with rising growth. The company's next quarterly report is expected on or around Feb. 5.
Hillenbrand holds the No. 6 rank among its peers in the Machinery-General Industrial industry group. SPX Technologies, Tennant Co and ATS are among the top 5 highly-rated stocks within the group.
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