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Agilent Technologies (A) Dips More Than Broader Markets: What You Should Know

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Agilent Technologies (A - Free Report) closed at $155.26 in the latest trading session, marking a -1.85% move from the prior day. This change lagged the S&P 500's daily loss of 0.51%.

Prior to today's trading, shares of the scientific instrument maker had lost 1.07% over the past month. This has was narrower than the Computer and Technology sector's loss of 1.72% and lagged the S&P 500's gain of 3.08% in that time.

Wall Street will be looking for positivity from An as it approaches its next earnings report date. This is expected to be November 22, 2021. In that report, analysts expect A to post earnings of $1.17 per share. This would mark year-over-year growth of 19.39%. Our most recent consensus estimate is calling for quarterly revenue of $1.65 billion, up 11.48% from the year-ago period.

Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $4.31 per share and revenue of $6.31 billion. These totals would mark changes of +31.4% and +18.23%, respectively, from last year.

Investors might also notice recent changes to analyst estimates for A. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

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. The Zacks Consensus EPS estimate remained stagnant within the past month. A currently has a Zacks Rank of #3 (Hold).

Valuation is also important, so investors should note that A has a Forward P/E ratio of 36.74 right now. This represents a premium compared to its industry's average Forward P/E of 28.

It is also worth noting that A currently has a PEG ratio of 2.83. 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. Electronics - Testing Equipment stocks are, on average, holding a PEG ratio of 2.75 based on yesterday's closing prices.

The Electronics - Testing Equipment industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 99, putting it in the top 39% 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.

Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.


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