We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Don't Overlook These Highly Ranked Manufacturing Stocks
The Industrial Products sector is currently the fifth-ranked sector out of 16 Zacks sectors and is comprised of five thriving business industries.
Furthermore, several manufacturing stocks are standing out in particular and now looks like a good time to buy.
Manufacturing-Thermal Products Industry
At the moment the Zacks Manufacturing-Thermal Products Industry sits in the top one percentile of approximately 250 Zacks industries with John Bean Technologies and Zebra Technologies (ZBRA - Free Report) being two stocks in the space that have proven to be historical winners.
To that point, both stocks have climbed over +200% in the last decade to outperform the S&P 500’s +190%.
Image Source: Zacks Investment Research
Sporting a Zacks Rank #1 (Strong Buy) Zebra Technologies is the leading provider of enterprise asset intelligence solutions in the automatic identification and data capture solutions market throughout the world. Notably, the rebound in Zebra Technologies robust bottom line is starting to stand out as EPS is expected to increase 23% in fiscal 2024 and is projected to stretch another 20% in FY25 to $14.60 per share.
Image Source: Zacks Investment Research
Pivoting to John Bean Technologies, it sports a Zacks Rank #2 (Buy) as a global technology solutions provider to high-value segments of the food and beverage industry. The company’s profitability has reached new heights in recent years and record annual earnings are expected to continue with EPS projected to soar 25% in FY24 to $5.15. Plus, FY25 EPS is projected to increase another 8%.
The Zacks Manufacturing-Electronics Industry is in the top 8% of all Zacks industries and Powell Industries is certainly worthy of investors' consideration with a Zacks Rank #1 (Strong Buy).
Supporting petrochemical facilities as a metal-working shop, Powell Industries has become the strategic supplier of choice for highly complex and integrated systems for the distribution and control of electrical energy and other critical processes. In addition to its strong buy rating Powell Industries has an overall “A” VGM Zacks Style Scores grade for the combination of Value, Growth, and Momentum. To that point, POWL trades at an enticing 16X forward earnings multiple with FY24 EPS now expected to spike 119% to $9.04 compared to $4.12 a share last year.
Correlating with such, Powell Industries stock has been one of the market’s top performers soaring over +100% in the last year. Even better, earnings estimate revisions for FY24 and FY25 have soared over the last 60 days which suggests the rally could continue especially when considering Powell Industries' reasonable P/E valuation.
Image Source: Zacks Investment Research
Bottom Line
Like Powell Industries, earnings estimate revisions have remained higher for John Bean Technologies and Zebra Technologies for FY24 and FY25 as well. This largely suggests now is a good time to buy these top manufacturing stocks as their increased profitability looks set to continue.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Don't Overlook These Highly Ranked Manufacturing Stocks
The Industrial Products sector is currently the fifth-ranked sector out of 16 Zacks sectors and is comprised of five thriving business industries.
Furthermore, several manufacturing stocks are standing out in particular and now looks like a good time to buy.
Manufacturing-Thermal Products Industry
At the moment the Zacks Manufacturing-Thermal Products Industry sits in the top one percentile of approximately 250 Zacks industries with John Bean Technologies and Zebra Technologies (ZBRA - Free Report) being two stocks in the space that have proven to be historical winners.
To that point, both stocks have climbed over +200% in the last decade to outperform the S&P 500’s +190%.
Image Source: Zacks Investment Research
Sporting a Zacks Rank #1 (Strong Buy) Zebra Technologies is the leading provider of enterprise asset intelligence solutions in the automatic identification and data capture solutions market throughout the world. Notably, the rebound in Zebra Technologies robust bottom line is starting to stand out as EPS is expected to increase 23% in fiscal 2024 and is projected to stretch another 20% in FY25 to $14.60 per share.
Image Source: Zacks Investment Research
Pivoting to John Bean Technologies, it sports a Zacks Rank #2 (Buy) as a global technology solutions provider to high-value segments of the food and beverage industry. The company’s profitability has reached new heights in recent years and record annual earnings are expected to continue with EPS projected to soar 25% in FY24 to $5.15. Plus, FY25 EPS is projected to increase another 8%.
Image Source: Zacks Investment Research
Powell Industries (POWL - Free Report)
The Zacks Manufacturing-Electronics Industry is in the top 8% of all Zacks industries and Powell Industries is certainly worthy of investors' consideration with a Zacks Rank #1 (Strong Buy).
Supporting petrochemical facilities as a metal-working shop, Powell Industries has become the strategic supplier of choice for highly complex and integrated systems for the distribution and control of electrical energy and other critical processes. In addition to its strong buy rating Powell Industries has an overall “A” VGM Zacks Style Scores grade for the combination of Value, Growth, and Momentum. To that point, POWL trades at an enticing 16X forward earnings multiple with FY24 EPS now expected to spike 119% to $9.04 compared to $4.12 a share last year.
Correlating with such, Powell Industries stock has been one of the market’s top performers soaring over +100% in the last year. Even better, earnings estimate revisions for FY24 and FY25 have soared over the last 60 days which suggests the rally could continue especially when considering Powell Industries' reasonable P/E valuation.
Image Source: Zacks Investment Research
Bottom Line
Like Powell Industries, earnings estimate revisions have remained higher for John Bean Technologies and Zebra Technologies for FY24 and FY25 as well. This largely suggests now is a good time to buy these top manufacturing stocks as their increased profitability looks set to continue.