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Generac Holdings (GNRC) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Generac Holdings (GNRC - Free Report) closed at $111.68, marking a +1.94% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.29%. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 10.96%.
Coming into today, shares of the generator maker had gained 10.89% in the past month. In that same time, the Computer and Technology sector lost 2%, while the S&P 500 lost 0.23%.
Wall Street will be looking for positivity from Generac Holdings as it approaches its next earnings report date. The company is expected to report EPS of $1.72, down 31.47% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.07 billion, up 0.28% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Generac Holdings. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate has moved 1.99% lower within the past month. Generac Holdings is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note Generac Holdings's current valuation metrics, including its Forward P/E ratio of 14.9. Its industry sports an average Forward P/E of 14.9, so we one might conclude that Generac Holdings is trading at a no noticeable deviation comparatively.
We can also see that GNRC currently has a PEG ratio of 1.49. 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. The Electronics - Power Generation industry currently had an average PEG ratio of 1.49 as of yesterday's close.
The Electronics - Power Generation industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% 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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Generac Holdings (GNRC) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Generac Holdings (GNRC - Free Report) closed at $111.68, marking a +1.94% move from the previous day. The stock outpaced the S&P 500's daily gain of 1.29%. Meanwhile, the Dow gained 0.8%, and the Nasdaq, a tech-heavy index, added 10.96%.
Coming into today, shares of the generator maker had gained 10.89% in the past month. In that same time, the Computer and Technology sector lost 2%, while the S&P 500 lost 0.23%.
Wall Street will be looking for positivity from Generac Holdings as it approaches its next earnings report date. The company is expected to report EPS of $1.72, down 31.47% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.07 billion, up 0.28% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Generac Holdings. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. The Zacks Consensus EPS estimate has moved 1.99% lower within the past month. Generac Holdings is currently sporting a Zacks Rank of #5 (Strong Sell).
Investors should also note Generac Holdings's current valuation metrics, including its Forward P/E ratio of 14.9. Its industry sports an average Forward P/E of 14.9, so we one might conclude that Generac Holdings is trading at a no noticeable deviation comparatively.
We can also see that GNRC currently has a PEG ratio of 1.49. 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. The Electronics - Power Generation industry currently had an average PEG ratio of 1.49 as of yesterday's close.
The Electronics - Power Generation industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 92, putting it in the top 37% 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.