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Icahn Enterprises last issued its earnings results on August 4th, 2023. The conglomerate reported ($0.72) earnings per share (EPS) for the quarter, missing analysts’ consensus estimates of $0.25 by $0.97. The firm earned $2.54 billion during the quarter, compared trading on forex, best tips and guides for traders to analyst estimates of $2.66 billion. Icahn Enterprises has generated ($2.58) earnings per share over the last year (($2.58) diluted earnings per share). Earnings for Icahn Enterprises are expected to grow in the coming year, from ($0.74) to $1.41 per share.

• The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries.
• Icahn Enterprises declared a quarterly dividend on Wednesday, August 2nd.
• These investments are speculative, involve substantial risks (including illiquidity and loss of principal), and are not FDIC or SIPC insured.
• The company has a market capitalization of approximately $11 billion.

Some of its competitors have larger market shares, stronger brand recognition, and more extensive resources, which could limit Icahn Enterprises’ ability to compete effectively. These are four best stocks to buy and watch in today’s stock market, including a Dow Jones leader. Founded in 1993, The Motley Fool is a financial services company dedicated to making the world smarter, happier, and richer. The Motley Fool reaches millions of people every month through our premium investing solutions, free guidance and market analysis on Fool.com, top-rated podcasts, and non-profit The Motley Fool Foundation. Keep in mind that other fees such as regulatory fees, Premium subscription fees, commissions on trades during extended trading hours, wire transfer fees, and paper statement fees may apply to your brokerage account.

These returns cover a period from January 1, 1988 through September 4, 2023. Zacks Rank stock-rating system returns are computed monthly based on the beginning of the month and end of the month Zacks Rank stock prices plus any dividends received during that particular month. A simple, equally-weighted average return of all Zacks Rank stocks is calculated to determine the monthly return. The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.

TSLA stock has an official cup-with-handle base with a buy point at 278.98, but shares are about 10% away from that entry. Recent IBD Stock Of The Day Zscaler continues to rebound from its key 50-day line, as shares added 3.4% Monday. DraftKings is building a cup with handle that has a 32.65 buy point, per IBD MarketSmith pattern recognition. Shares are consolidating below their 50-day moving average, a key level to watch. IBD Leaderboard stock Arista rallied 2.1% Monday, continuing to rebound from the key 50-day line.

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In addition, the financial services industry is subject to economic cycles and market fluctuations, which could affect the company’s financial performance. JSI and Jiko Bank are not affiliated with Public Holdings, Inc. (“Public”) or any of its subsidiaries. None of these entities provide legal, tax, or accounting advice. 1 Wall Street analysts have issued “buy,” “hold,” and “sell” ratings for Icahn Enterprises in the last year. The consensus among Wall Street analysts is that investors should “buy” IEP shares.

The issuers of these securities may be an affiliate of Public, and Public (or an affiliate) may earn fees when you purchase or sell Alternative Assets. For more information on risks and conflicts of interest, see these disclosures. No offer to buy securities can be accepted, and no part of the purchase price can be received, until an offering statement filed with the SEC has been qualified by the SEC. An indication of interest to purchase securities involves no obligation or commitment of any kind.

Has several potential growth opportunities, including acquisitions, strategic investments, and expansion into new markets. The company has a strong track record of successful investments, and its leadership team has a wealth of experience in identifying and capitalizing on attractive investment opportunities. Icahn Enterprises’ portfolio includes well-known brands and companies like Federal-Mogul, Tropicana Entertainment, CVR Energy, and PSC Metals. The company’s target market includes institutional investors, high-net-worth individuals, and family offices seeking exposure to diverse assets. You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security.

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An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s. Plus, IEP info will be updated daily what is arum capital in your Zacks.com Portfolio Tracker – also free. Billionaire activist investor Carl Icahn is weathering one of his career’s most trying periods, but some on Wall Street say don’t count him out yet.

Icahn Enterprises also said it would wind down bets that the stock market would collapse, which have inflicted heavy losses. According to one analyst, the rating for IEP stock is “Strong Buy” and the 12-month stock price forecast is $27.0. The company is scheduled to release its next quarterly earnings announcement on Thursday, November 2nd 2023. Icahn Enterprises’ stock was trading at $50.65 at the beginning of the year. Since then, IEP stock has decreased by 64.5% and is now trading at $18.00. Be sure to follow Scott Lehtonen on X/Twitter at @IBD_SLehtonen for more on growth stocks and the Dow Jones Industrial Average.

Sign-up to receive the latest news and ratings for Icahn Enterprises and its competitors with MarketBeat’s FREE daily newsletter. Icahn’s management team is led by David Willetts, who was appointed Chief Executive Officer in November 2021. Before being appointed CEO, he served as Icahn Enterprises’ Chief Financial Officer for approximately six months. Before that, he served as a director of Viskase Companies Inc., a meat casing manufacturing company.

Trades at a price-to-earnings ratio below the industry average, suggesting that the company’s stock may be undervalued relative to its peers. The company’s price-to-book ratio is also lower than the industry average. Enter your email address below to receive the latest headlines and analysts’ recommendations for your stocks with our free daily email newsletter. Microsoft shares rebounded another 1.9% Monday, up for a fourth consecutive session after hitting a recent low during Thursday’s session. Tesla stock rebounded another 0.55% Monday despite weak third-quarter deliveries, extending a win streak to three sessions.

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IEP Company Calendar

These risks could impact the company’s financial performance, mainly if they occur in combination. Another challenge facing Icahn Enterprises what currency pairs should i select is the competitive landscape. The company faces stiff competition from established players in its various business segments.

The company is subject to various regulatory requirements, including environmental, health, and safety regulations, which could limit its operations or increase its compliance costs. The company has a market capitalization of approximately $11 billion. For the past several years, it has posted growing revenue numbers but has also been posting net income losses. However, Icahn Enterprises’ cash and cash equivalents are sufficient enough to provide some liquidity to the company.

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The publicly-traded vehicle for the legendary activist investor can’t escape hot water. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score.

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Icahn Enterprises L.P.’s stock IEP, -1.75% dropped almost 2% Thursday to close at a fresh 52-week low of $17. Product offerings and availability vary based on jurisdiction. When you see IEP stock appear in the results, tap it to open up the purchase screen. There are multiple ways to fund your Public account—from linking a bank account to making a deposit with a debit card or wire transfer.