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H&E Equipment (HEES) Stock Sinks As Market Gains: What You Should Know
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H&E Equipment (HEES - Free Report) closed the most recent trading day at $47.96, moving -1.58% from the previous trading session. This move lagged the S&P 500's daily gain of 1.29%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 10.96%.
Heading into today, shares of the construction and industrial equipment service provider had gained 6.03% over the past month, outpacing the Industrial Products sector's gain of 3.55% and the S&P 500's loss of 0.23% in that time.
H&E Equipment will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.01, up 71.19% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $327.31 million, up 16.38% from the year-ago period.
Any recent changes to analyst estimates for H&E Equipment should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 has moved 2.72% higher. H&E Equipment is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, H&E Equipment currently has a Forward P/E ratio of 12.7. This represents a discount compared to its industry's average Forward P/E of 14.58.
We can also see that HEES currently has a PEG ratio of 0.4. 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. HEES's industry had an average PEG ratio of 0.93 as of yesterday's close.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 222, putting it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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H&E Equipment (HEES) Stock Sinks As Market Gains: What You Should Know
H&E Equipment (HEES - Free Report) closed the most recent trading day at $47.96, moving -1.58% from the previous trading session. This move lagged the S&P 500's daily gain of 1.29%. Elsewhere, the Dow gained 0.8%, while the tech-heavy Nasdaq added 10.96%.
Heading into today, shares of the construction and industrial equipment service provider had gained 6.03% over the past month, outpacing the Industrial Products sector's gain of 3.55% and the S&P 500's loss of 0.23% in that time.
H&E Equipment will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $1.01, up 71.19% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $327.31 million, up 16.38% from the year-ago period.
Any recent changes to analyst estimates for H&E Equipment should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 has moved 2.72% higher. H&E Equipment is holding a Zacks Rank of #3 (Hold) right now.
Digging into valuation, H&E Equipment currently has a Forward P/E ratio of 12.7. This represents a discount compared to its industry's average Forward P/E of 14.58.
We can also see that HEES currently has a PEG ratio of 0.4. 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. HEES's industry had an average PEG ratio of 0.93 as of yesterday's close.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 222, putting it in the bottom 12% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.