Rada Electronics Industries Limited closed the most recent trading day at $9.35, moving +1.52% from the previous trading session. The stock lagged the S&P 500's daily gain of 2.44%. Meanwhile, the Dow gained 1.65%, and the Nasdaq, a tech-heavy index, added 0.28%.
Heading into today, shares of the company had lost 1.39% over the past month, outpacing the Aerospace sector's loss of 2.87% and the S&P 500's loss of 9.65% in that time.
Investors will be hoping for strength from Rada Electronics Industries Limited as it approaches its next earnings release. On that day, Rada Electronics Industries Limited is projected to report earnings of $0.13 per share, which would represent year-over-year growth of 116.67%. Meanwhile, our latest consensus estimate is calling for revenue of $31.5 million, up 35.31% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Rada Electronics Industries Limited. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Rada Electronics Industries Limited currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Rada Electronics Industries Limited has a Forward P/E ratio of 15.1 right now. This valuation marks a discount compared to its industry's average Forward P/E of 20.07.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 207, putting it in the bottom 19% 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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Rada Electronics Industries Limited (RADA) Gains But Lags Market: What You Should Know
Rada Electronics Industries Limited closed the most recent trading day at $9.35, moving +1.52% from the previous trading session. The stock lagged the S&P 500's daily gain of 2.44%. Meanwhile, the Dow gained 1.65%, and the Nasdaq, a tech-heavy index, added 0.28%.
Heading into today, shares of the company had lost 1.39% over the past month, outpacing the Aerospace sector's loss of 2.87% and the S&P 500's loss of 9.65% in that time.
Investors will be hoping for strength from Rada Electronics Industries Limited as it approaches its next earnings release. On that day, Rada Electronics Industries Limited is projected to report earnings of $0.13 per share, which would represent year-over-year growth of 116.67%. Meanwhile, our latest consensus estimate is calling for revenue of $31.5 million, up 35.31% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for Rada Electronics Industries Limited. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Rada Electronics Industries Limited currently has a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that Rada Electronics Industries Limited has a Forward P/E ratio of 15.1 right now. This valuation marks a discount compared to its industry's average Forward P/E of 20.07.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 207, putting it in the bottom 19% 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.