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Pyxis Tankers Inc. (PXS) Dips More Than Broader Markets: What You Should Know
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Pyxis Tankers Inc. (PXS - Free Report) closed the most recent trading day at $4.05, moving -1.46% from the previous trading session. This change lagged the S&P 500's 0.65% loss on the day. Meanwhile, the Dow gained 0.12%, and the Nasdaq, a tech-heavy index, added 0.03%.
Heading into today, shares of the company had gained 9.6% over the past month, outpacing the Transportation sector's loss of 14.3% and the S&P 500's loss of 11.07% in that time.
Wall Street will be looking for positivity from Pyxis Tankers Inc. as it approaches its next earnings report date. On that day, Pyxis Tankers Inc. is projected to report earnings of $0.55 per share, which would represent year-over-year growth of 237.5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.31 million, up 132.65% from the year-ago period.
PXS's full-year Zacks Consensus Estimates are calling for earnings of $1.80 per share and revenue of $54.04 million. These results would represent year-over-year changes of +225% and +113.25%, respectively.
Any recent changes to analyst estimates for Pyxis Tankers Inc. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 68.22% higher. Pyxis Tankers Inc. is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Pyxis Tankers Inc. is holding a Forward P/E ratio of 2.28. For comparison, its industry has an average Forward P/E of 3.03, which means Pyxis Tankers Inc. is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
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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Pyxis Tankers Inc. (PXS) Dips More Than Broader Markets: What You Should Know
Pyxis Tankers Inc. (PXS - Free Report) closed the most recent trading day at $4.05, moving -1.46% from the previous trading session. This change lagged the S&P 500's 0.65% loss on the day. Meanwhile, the Dow gained 0.12%, and the Nasdaq, a tech-heavy index, added 0.03%.
Heading into today, shares of the company had gained 9.6% over the past month, outpacing the Transportation sector's loss of 14.3% and the S&P 500's loss of 11.07% in that time.
Wall Street will be looking for positivity from Pyxis Tankers Inc. as it approaches its next earnings report date. On that day, Pyxis Tankers Inc. is projected to report earnings of $0.55 per share, which would represent year-over-year growth of 237.5%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $16.31 million, up 132.65% from the year-ago period.
PXS's full-year Zacks Consensus Estimates are calling for earnings of $1.80 per share and revenue of $54.04 million. These results would represent year-over-year changes of +225% and +113.25%, respectively.
Any recent changes to analyst estimates for Pyxis Tankers Inc. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 68.22% higher. Pyxis Tankers Inc. is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Pyxis Tankers Inc. is holding a Forward P/E ratio of 2.28. For comparison, its industry has an average Forward P/E of 3.03, which means Pyxis Tankers Inc. is trading at a discount to the group.
The Transportation - Shipping industry is part of the Transportation sector. This industry currently has a Zacks Industry Rank of 53, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.