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Axon Enterprise (AXON) Outpaces Stock Market Gains: What You Should Know
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Axon Enterprise (AXON - Free Report) closed at $198.39 in the latest trading session, marking a +1.51% move from the prior day. This change outpaced the S&P 500's 1.05% gain on the day. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, added 9.7%.
Heading into today, shares of the maker of stun guns and body cameras had gained 16.17% over the past month, outpacing the Industrial Products sector's gain of 6.58% and the S&P 500's gain of 6.27% in that time.
Investors will be hoping for strength from Axon Enterprise as it approaches its next earnings release. The company is expected to report EPS of $0.50, up 8.7% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $304.76 million, up 40.07% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Axon Enterprise. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. Axon Enterprise is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Axon Enterprise is holding a Forward P/E ratio of 77.19. This valuation marks a premium compared to its industry's average Forward P/E of 20.8.
The Security and Safety Services industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 101, putting it in the top 41% 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.
To follow AXON in the coming trading sessions, be sure to utilize Zacks.com.
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Axon Enterprise (AXON) Outpaces Stock Market Gains: What You Should Know
Axon Enterprise (AXON - Free Report) closed at $198.39 in the latest trading session, marking a +1.51% move from the prior day. This change outpaced the S&P 500's 1.05% gain on the day. Meanwhile, the Dow gained 0.02%, and the Nasdaq, a tech-heavy index, added 9.7%.
Heading into today, shares of the maker of stun guns and body cameras had gained 16.17% over the past month, outpacing the Industrial Products sector's gain of 6.58% and the S&P 500's gain of 6.27% in that time.
Investors will be hoping for strength from Axon Enterprise as it approaches its next earnings release. The company is expected to report EPS of $0.50, up 8.7% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $304.76 million, up 40.07% from the year-ago period.
Investors might also notice recent changes to analyst estimates for Axon Enterprise. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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. Axon Enterprise is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Axon Enterprise is holding a Forward P/E ratio of 77.19. This valuation marks a premium compared to its industry's average Forward P/E of 20.8.
The Security and Safety Services industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 101, putting it in the top 41% 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.
To follow AXON in the coming trading sessions, be sure to utilize Zacks.com.