Textainer Group closed the most recent trading day at $26.93, moving -1.57% from the previous trading session. This change lagged the S&P 500's 1.48% loss on the day. At the same time, the Dow lost 0.46%, and the tech-heavy Nasdaq lost 3.02%.
Coming into today, shares of the shipping container leasing company had gained 22.03% in the past month. In that same time, the Transportation sector gained 6.08%, while the S&P 500 gained 1.23%.
TGH will be looking to display strength as it nears its next earnings release. On that day, TGH is projected to report earnings of $0.98 per share, which would represent year-over-year growth of 476.47%. Our most recent consensus estimate is calling for quarterly revenue of $192.31 million, up 32.19% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.79 per share and revenue of $792.53 million. These totals would mark changes of +132.52% and +31.9%, respectively, from last year.
Any recent changes to analyst estimates for TGH should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 74.65% higher. TGH is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, TGH currently has a Forward P/E ratio of 7.22. This valuation marks a discount compared to its industry's average Forward P/E of 16.97.
The Transportation - Equipment and Leasing industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 32, which puts it in the top 13% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Textainer Group (TGH) Dips More Than Broader Markets: What You Should Know
Textainer Group closed the most recent trading day at $26.93, moving -1.57% from the previous trading session. This change lagged the S&P 500's 1.48% loss on the day. At the same time, the Dow lost 0.46%, and the tech-heavy Nasdaq lost 3.02%.
Coming into today, shares of the shipping container leasing company had gained 22.03% in the past month. In that same time, the Transportation sector gained 6.08%, while the S&P 500 gained 1.23%.
TGH will be looking to display strength as it nears its next earnings release. On that day, TGH is projected to report earnings of $0.98 per share, which would represent year-over-year growth of 476.47%. Our most recent consensus estimate is calling for quarterly revenue of $192.31 million, up 32.19% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.79 per share and revenue of $792.53 million. These totals would mark changes of +132.52% and +31.9%, respectively, from last year.
Any recent changes to analyst estimates for TGH should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 74.65% higher. TGH is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, TGH currently has a Forward P/E ratio of 7.22. This valuation marks a discount compared to its industry's average Forward P/E of 16.97.
The Transportation - Equipment and Leasing industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 32, which puts it in the top 13% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.