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Keysight (KEYS) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Keysight (KEYS - Free Report) closed at $87.03, marking a +0.35% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq lost 0.66%.
Heading into today, shares of the electronic measurement technology company had lost 2.7% over the past month, lagging the Computer and Technology sector's gain of 6.31% and the S&P 500's gain of 3.95% in that time.
Investors will be hoping for strength from KEYS as it approaches its next earnings release. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.07 billion, up 8.55% from the year-ago period.
KEYS's full-year Zacks Consensus Estimates are calling for earnings of $3.98 per share and revenue of $4.24 billion. These results would represent year-over-year changes of +22.84% and +9.34%, respectively.
Investors might also notice recent changes to analyst estimates for KEYS. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. KEYS is currently a Zacks Rank #3 (Hold).
In terms of valuation, KEYS is currently trading at a Forward P/E ratio of 21.79. This valuation marks a premium compared to its industry's average Forward P/E of 16.36.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Keysight (KEYS) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Keysight (KEYS - Free Report) closed at $87.03, marking a +0.35% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.1%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq lost 0.66%.
Heading into today, shares of the electronic measurement technology company had lost 2.7% over the past month, lagging the Computer and Technology sector's gain of 6.31% and the S&P 500's gain of 3.95% in that time.
Investors will be hoping for strength from KEYS as it approaches its next earnings release. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.07 billion, up 8.55% from the year-ago period.
KEYS's full-year Zacks Consensus Estimates are calling for earnings of $3.98 per share and revenue of $4.24 billion. These results would represent year-over-year changes of +22.84% and +9.34%, respectively.
Investors might also notice recent changes to analyst estimates for KEYS. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. KEYS is currently a Zacks Rank #3 (Hold).
In terms of valuation, KEYS is currently trading at a Forward P/E ratio of 21.79. This valuation marks a premium compared to its industry's average Forward P/E of 16.36.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 202, which puts it in the bottom 21% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.