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Axon Enterprise (AXON) Stock Sinks As Market Gains: What You Should Know
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Axon Enterprise (AXON - Free Report) closed at $194.03 in the latest trading session, marking a -0.94% move from the prior day. This move lagged the S&P 500's daily gain of 0.85%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 5.61%.
Heading into today, shares of the maker of stun guns and body cameras had lost 0.98% over the past month, lagging the Industrial Products sector's gain of 6.85% and the S&P 500's gain of 3.18% in that time.
Axon Enterprise will be looking to display strength as it nears its next earnings release. On that day, Axon Enterprise is projected to report earnings of $0.62 per share, which would represent year-over-year growth of 40.91%. Meanwhile, our latest consensus estimate is calling for revenue of $347.53 million, up 21.68% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.12 per share and revenue of $1.45 billion. These totals would mark changes of +42.47% and +22.16%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Axon Enterprise. 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.
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, 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. Within the past 30 days, our consensus EPS projection has moved 0.47% lower. Axon Enterprise is currently a Zacks Rank #3 (Hold).
In terms of valuation, Axon Enterprise is currently trading at a Forward P/E ratio of 62.73. This represents a premium compared to its industry's average Forward P/E of 22.74.
The Security and Safety Services industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 44, putting it in the top 18% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Axon Enterprise (AXON) Stock Sinks As Market Gains: What You Should Know
Axon Enterprise (AXON - Free Report) closed at $194.03 in the latest trading session, marking a -0.94% move from the prior day. This move lagged the S&P 500's daily gain of 0.85%. At the same time, the Dow added 0.14%, and the tech-heavy Nasdaq gained 5.61%.
Heading into today, shares of the maker of stun guns and body cameras had lost 0.98% over the past month, lagging the Industrial Products sector's gain of 6.85% and the S&P 500's gain of 3.18% in that time.
Axon Enterprise will be looking to display strength as it nears its next earnings release. On that day, Axon Enterprise is projected to report earnings of $0.62 per share, which would represent year-over-year growth of 40.91%. Meanwhile, our latest consensus estimate is calling for revenue of $347.53 million, up 21.68% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.12 per share and revenue of $1.45 billion. These totals would mark changes of +42.47% and +22.16%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Axon Enterprise. 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.
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, 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. Within the past 30 days, our consensus EPS projection has moved 0.47% lower. Axon Enterprise is currently a Zacks Rank #3 (Hold).
In terms of valuation, Axon Enterprise is currently trading at a Forward P/E ratio of 62.73. This represents a premium compared to its industry's average Forward P/E of 22.74.
The Security and Safety Services industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 44, putting it in the top 18% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.