In the latest trading session, Stanley Black & Decker (SWK - Free Report) closed at $119.45, marking a -0.7% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.08%. Meanwhile, the Dow lost 0.81%, and the Nasdaq, a tech-heavy index, added 0.22%.
Prior to today's trading, shares of the tool company had lost 0.99% over the past month. This has lagged the Industrial Products sector's gain of 3.69% and the S&P 500's gain of 1.03% in that time.
Wall Street will be looking for positivity from Stanley Black & Decker as it approaches its next earnings report date. On that day, Stanley Black & Decker is projected to report earnings of $2.15 per share, which would represent a year-over-year decline of 30.19%. Meanwhile, our latest consensus estimate is calling for revenue of $4.77 billion, up 11.01% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.96 per share and revenue of $19.12 billion. These totals would mark changes of -4.96% and +13.6%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Stanley Black & Decker. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.83% lower. Stanley Black & Decker currently has a Zacks Rank of #5 (Strong Sell).
Investors should also note Stanley Black & Decker's current valuation metrics, including its Forward P/E ratio of 12.08. Its industry sports an average Forward P/E of 17.15, so we one might conclude that Stanley Black & Decker is trading at a discount comparatively.
It is also worth noting that SWK currently has a PEG ratio of 1.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Tools & Related Products was holding an average PEG ratio of 2.33 at yesterday's closing price.
The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 212, putting it in the bottom 17% 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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In the latest trading session, Stanley Black & Decker (SWK - Free Report) closed at $119.45, marking a -0.7% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.08%. Meanwhile, the Dow lost 0.81%, and the Nasdaq, a tech-heavy index, added 0.22%.
Prior to today's trading, shares of the tool company had lost 0.99% over the past month. This has lagged the Industrial Products sector's gain of 3.69% and the S&P 500's gain of 1.03% in that time.
Wall Street will be looking for positivity from Stanley Black & Decker as it approaches its next earnings report date. On that day, Stanley Black & Decker is projected to report earnings of $2.15 per share, which would represent a year-over-year decline of 30.19%. Meanwhile, our latest consensus estimate is calling for revenue of $4.77 billion, up 11.01% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $9.96 per share and revenue of $19.12 billion. These totals would mark changes of -4.96% and +13.6%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Stanley Black & Decker. 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. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. Over the past month, the Zacks Consensus EPS estimate has moved 0.83% lower. Stanley Black & Decker currently has a Zacks Rank of #5 (Strong Sell).
Investors should also note Stanley Black & Decker's current valuation metrics, including its Forward P/E ratio of 12.08. Its industry sports an average Forward P/E of 17.15, so we one might conclude that Stanley Black & Decker is trading at a discount comparatively.
It is also worth noting that SWK currently has a PEG ratio of 1.34. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Tools & Related Products was holding an average PEG ratio of 2.33 at yesterday's closing price.
The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 212, putting it in the bottom 17% 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.
Free Report Reveals How You Could Profit from the Growing Electric Vehicle Industry
Globally, electric car sales continue their remarkable growth even after breaking records in 2021. High gas prices have fueled his demand, but so has evolving EV comfort, features and technology. So, the fervor for EVs will be around long after gas prices normalize. Not only are manufacturers seeing record-high profits, but producers of EV-related technology are raking in the dough as well. Do you know how to cash in? If not, we have the perfect report for you – and it’s FREE! Today, don't miss your chance to download Zacks' top 5 stocks for the electric vehicle revolution at no cost and with no obligation.
>>Send me my free report on the top 5 EV stocks<<
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