Acerinox (ANIOY - Free Report) closed the most recent trading day at $5.25, moving +0.96% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.95%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.15%.
Heading into today, shares of the company had lost 9.57% over the past month, outpacing the Basic Materials sector's loss of 11.11% and lagging the S&P 500's loss of 3.49% in that time.
Wall Street will be looking for positivity from Acerinox as it approaches its next earnings report date. Meanwhile, our latest consensus estimate is calling for revenue of $2.41 billion, up 38.65% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.76 per share and revenue of $9.19 billion, which would represent changes of +40.8% and +16.13%, respectively, from the prior year.
Any recent changes to analyst estimates for Acerinox should also be noted by investors. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Acerinox is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Acerinox is holding a Forward P/E ratio of 2.95. For comparison, its industry has an average Forward P/E of 2.85, which means Acerinox is trading at a premium to the group.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 60, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow ANIOY in the coming trading sessions, be sure to utilize Zacks.com.
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<<
Acerinox (ANIOY - Free Report) closed the most recent trading day at $5.25, moving +0.96% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.95%. At the same time, the Dow added 0.64%, and the tech-heavy Nasdaq gained 0.15%.
Heading into today, shares of the company had lost 9.57% over the past month, outpacing the Basic Materials sector's loss of 11.11% and lagging the S&P 500's loss of 3.49% in that time.
Wall Street will be looking for positivity from Acerinox as it approaches its next earnings report date. Meanwhile, our latest consensus estimate is calling for revenue of $2.41 billion, up 38.65% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.76 per share and revenue of $9.19 billion, which would represent changes of +40.8% and +16.13%, respectively, from the prior year.
Any recent changes to analyst estimates for Acerinox should also be noted by investors. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Acerinox is currently sporting a Zacks Rank of #3 (Hold).
Looking at its valuation, Acerinox is holding a Forward P/E ratio of 2.95. For comparison, its industry has an average Forward P/E of 2.85, which means Acerinox is trading at a premium to the group.
The Steel - Producers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 60, putting it in the top 24% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow ANIOY in the coming trading sessions, be sure to utilize Zacks.com.
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<<
Get the latest research report on ANIOY - FREE