Exfo closed at $3.75 in the latest trading session, marking a +1.35% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.95%. At the same time, the Dow added 0.94%, and the tech-heavy Nasdaq gained 0.8%.
Heading into today, shares of the telecommunications testing company had lost 15.14% over the past month, lagging the Computer and Technology sector's gain of 0.95% and the S&P 500's gain of 2.47% in that time.
Investors will be hoping for strength from EXFO as it approaches its next earnings release. In that report, analysts expect EXFO to post earnings of $0.05 per share. This would mark year-over-year growth of 600%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $74.40 million, up 3.02% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.21 per share and revenue of $293.80 million. These totals would mark changes of +133.33% and +9%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for EXFO. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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. EXFO currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, EXFO is holding a Forward P/E ratio of 18.05. For comparison, its industry has an average Forward P/E of 26, which means EXFO is trading at a discount to the group.
The Communication - Components industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 107, which puts it in the top 42% 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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Exfo (EXFO) Outpaces Stock Market Gains: What You Should Know
Exfo closed at $3.75 in the latest trading session, marking a +1.35% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.95%. At the same time, the Dow added 0.94%, and the tech-heavy Nasdaq gained 0.8%.
Heading into today, shares of the telecommunications testing company had lost 15.14% over the past month, lagging the Computer and Technology sector's gain of 0.95% and the S&P 500's gain of 2.47% in that time.
Investors will be hoping for strength from EXFO as it approaches its next earnings release. In that report, analysts expect EXFO to post earnings of $0.05 per share. This would mark year-over-year growth of 600%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $74.40 million, up 3.02% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.21 per share and revenue of $293.80 million. These totals would mark changes of +133.33% and +9%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for EXFO. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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. EXFO currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, EXFO is holding a Forward P/E ratio of 18.05. For comparison, its industry has an average Forward P/E of 26, which means EXFO is trading at a discount to the group.
The Communication - Components industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 107, which puts it in the top 42% 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.