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Strattec Security (STRT) Dips More Than Broader Markets: What You Should Know
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Strattec Security (STRT - Free Report) closed at $49.04 in the latest trading session, marking a -1.79% move from the prior day. This change lagged the S&P 500's 0.44% loss on the day. Elsewhere, the Dow lost 0.62%, while the tech-heavy Nasdaq added 0.5%.
Heading into today, shares of the maker of automotive locks and keys had gained 47% over the past month, outpacing the Auto-Tires-Trucks sector's gain of 21.93% and the S&P 500's gain of 1.39% in that time.
Wall Street will be looking for positivity from STRT as it approaches its next earnings report date. In that report, analysts expect STRT to post earnings of $1.22 per share. This would mark year-over-year growth of 1120%. Our most recent consensus estimate is calling for quarterly revenue of $118.90 million, up 11.87% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.16 per share and revenue of $479.70 million, which would represent changes of +667.03% and +24.5%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for STRT. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 11.16% higher. STRT is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, STRT is currently trading at a Forward P/E ratio of 9.5. This valuation marks a discount compared to its industry's average Forward P/E of 22.37.
Investors should also note that STRT has a PEG ratio of 0.63 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Automotive - Original Equipment was holding an average PEG ratio of 2.24 at yesterday's closing price.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 48, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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Strattec Security (STRT) Dips More Than Broader Markets: What You Should Know
Strattec Security (STRT - Free Report) closed at $49.04 in the latest trading session, marking a -1.79% move from the prior day. This change lagged the S&P 500's 0.44% loss on the day. Elsewhere, the Dow lost 0.62%, while the tech-heavy Nasdaq added 0.5%.
Heading into today, shares of the maker of automotive locks and keys had gained 47% over the past month, outpacing the Auto-Tires-Trucks sector's gain of 21.93% and the S&P 500's gain of 1.39% in that time.
Wall Street will be looking for positivity from STRT as it approaches its next earnings report date. In that report, analysts expect STRT to post earnings of $1.22 per share. This would mark year-over-year growth of 1120%. Our most recent consensus estimate is calling for quarterly revenue of $118.90 million, up 11.87% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.16 per share and revenue of $479.70 million, which would represent changes of +667.03% and +24.5%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for STRT. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Within the past 30 days, our consensus EPS projection has moved 11.16% higher. STRT is currently sporting a Zacks Rank of #1 (Strong Buy).
In terms of valuation, STRT is currently trading at a Forward P/E ratio of 9.5. This valuation marks a discount compared to its industry's average Forward P/E of 22.37.
Investors should also note that STRT has a PEG ratio of 0.63 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Automotive - Original Equipment was holding an average PEG ratio of 2.24 at yesterday's closing price.
The Automotive - Original Equipment industry is part of the Auto-Tires-Trucks sector. This group has a Zacks Industry Rank of 48, putting it in the top 19% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.