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Universal Technical Institute (UTI) Stock Falls Amid Market Uptick: What Investors Need to Know
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Universal Technical Institute (UTI - Free Report) ended the recent trading session at $14.52, demonstrating a -0.14% swing from the preceding day's closing price. This change lagged the S&P 500's 1.2% gain on the day. Elsewhere, the Dow gained 0.69%, while the tech-heavy Nasdaq added 1.59%.
Shares of the school for auto, motorcycle and marine technicians witnessed a loss of 3.2% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 6.73% and the S&P 500's loss of 4.16%.
The investment community will be closely monitoring the performance of Universal Technical Institute in its forthcoming earnings report. The company is scheduled to release its earnings on May 8, 2024. The company is predicted to post an EPS of $0.15, indicating a 275% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $177.01 million, indicating an 8.05% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.70 per share and a revenue of $718.16 million, signifying shifts of +438.46% and +18.23%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Universal Technical Institute. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Universal Technical Institute holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Universal Technical Institute has a Forward P/E ratio of 20.67 right now. This valuation marks a premium compared to its industry's average Forward P/E of 17.08.
Also, we should mention that UTI has a PEG ratio of 1.38. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Schools industry currently had an average PEG ratio of 1.12 as of yesterday's close.
The Schools industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 50, finds itself in the top 20% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Universal Technical Institute (UTI) Stock Falls Amid Market Uptick: What Investors Need to Know
Universal Technical Institute (UTI - Free Report) ended the recent trading session at $14.52, demonstrating a -0.14% swing from the preceding day's closing price. This change lagged the S&P 500's 1.2% gain on the day. Elsewhere, the Dow gained 0.69%, while the tech-heavy Nasdaq added 1.59%.
Shares of the school for auto, motorcycle and marine technicians witnessed a loss of 3.2% over the previous month, beating the performance of the Consumer Discretionary sector with its loss of 6.73% and the S&P 500's loss of 4.16%.
The investment community will be closely monitoring the performance of Universal Technical Institute in its forthcoming earnings report. The company is scheduled to release its earnings on May 8, 2024. The company is predicted to post an EPS of $0.15, indicating a 275% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $177.01 million, indicating an 8.05% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $0.70 per share and a revenue of $718.16 million, signifying shifts of +438.46% and +18.23%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Universal Technical Institute. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. As of now, Universal Technical Institute holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Universal Technical Institute has a Forward P/E ratio of 20.67 right now. This valuation marks a premium compared to its industry's average Forward P/E of 17.08.
Also, we should mention that UTI has a PEG ratio of 1.38. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Schools industry currently had an average PEG ratio of 1.12 as of yesterday's close.
The Schools industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 50, finds itself in the top 20% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.