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Tempur Sealy (TPX) Dips More Than Broader Markets: What You Should Know
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Tempur Sealy (TPX - Free Report) closed at $36.55 in the latest trading session, marking a -0.71% move from the prior day. This move lagged the S&P 500's daily loss of 0.55%. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq lost 2.01%.
Prior to today's trading, shares of the mattress maker had gained 8.97% over the past month. This has outpaced the Retail-Wholesale sector's loss of 1.81% and the S&P 500's gain of 0.84% in that time.
Investors will be hoping for strength from TPX as it approaches its next earnings release. On that day, TPX is projected to report earnings of $0.49 per share, which would represent year-over-year growth of 44.12%. Our most recent consensus estimate is calling for quarterly revenue of $987.03 million, up 20.02% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.44 per share and revenue of $4.31 billion, which would represent changes of +27.75% and +17.32%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for TPX. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. TPX is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, TPX currently has a Forward P/E ratio of 15.09. This valuation marks a discount compared to its industry's average Forward P/E of 18.43.
Also, we should mention that TPX has a PEG ratio of 0.84. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Home Furnishings industry currently had an average PEG ratio of 1.38 as of yesterday's close.
The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 5, putting it in the top 2% 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 TPX in the coming trading sessions, be sure to utilize Zacks.com.
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Tempur Sealy (TPX) Dips More Than Broader Markets: What You Should Know
Tempur Sealy (TPX - Free Report) closed at $36.55 in the latest trading session, marking a -0.71% move from the prior day. This move lagged the S&P 500's daily loss of 0.55%. Elsewhere, the Dow lost 0.01%, while the tech-heavy Nasdaq lost 2.01%.
Prior to today's trading, shares of the mattress maker had gained 8.97% over the past month. This has outpaced the Retail-Wholesale sector's loss of 1.81% and the S&P 500's gain of 0.84% in that time.
Investors will be hoping for strength from TPX as it approaches its next earnings release. On that day, TPX is projected to report earnings of $0.49 per share, which would represent year-over-year growth of 44.12%. Our most recent consensus estimate is calling for quarterly revenue of $987.03 million, up 20.02% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.44 per share and revenue of $4.31 billion, which would represent changes of +27.75% and +17.32%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for TPX. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. TPX is currently a Zacks Rank #1 (Strong Buy).
Digging into valuation, TPX currently has a Forward P/E ratio of 15.09. This valuation marks a discount compared to its industry's average Forward P/E of 18.43.
Also, we should mention that TPX has a PEG ratio of 0.84. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Retail - Home Furnishings industry currently had an average PEG ratio of 1.38 as of yesterday's close.
The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 5, putting it in the top 2% 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 TPX in the coming trading sessions, be sure to utilize Zacks.com.