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UFP Industries (UFPI) Stock Moves -0.56%: What You Should Know
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UFP Industries (UFPI - Free Report) closed the most recent trading day at $102.30, moving -0.56% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.22%. Elsewhere, the Dow lost 0.83%, while the tech-heavy Nasdaq lost 1.56%.
Coming into today, shares of the wood and materials provider for the construction industry had gained 4.29% in the past month. In that same time, the Construction sector lost 4.25%, while the S&P 500 gained 0.54%.
Investors will be hoping for strength from UFP Industries as it approaches its next earnings release. On that day, UFP Industries is projected to report earnings of $2.13 per share, which would represent a year-over-year decline of 19.92%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.04 billion, down 12.35% from the year-ago period.
UFPI's full-year Zacks Consensus Estimates are calling for earnings of $8.26 per share and revenue of $7.82 billion. These results would represent year-over-year changes of -24.7% and -18.78%, respectively.
Any recent changes to analyst estimates for UFP Industries 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.
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 remained stagnant within the past month. UFP Industries currently has a Zacks Rank of #3 (Hold).
Investors should also note UFP Industries's current valuation metrics, including its Forward P/E ratio of 12.46. This represents a discount compared to its industry's average Forward P/E of 17.38.
The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 42, putting it in the top 17% 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.
To follow UFPI in the coming trading sessions, be sure to utilize Zacks.com.
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UFP Industries (UFPI) Stock Moves -0.56%: What You Should Know
UFP Industries (UFPI - Free Report) closed the most recent trading day at $102.30, moving -0.56% from the previous trading session. This move was narrower than the S&P 500's daily loss of 1.22%. Elsewhere, the Dow lost 0.83%, while the tech-heavy Nasdaq lost 1.56%.
Coming into today, shares of the wood and materials provider for the construction industry had gained 4.29% in the past month. In that same time, the Construction sector lost 4.25%, while the S&P 500 gained 0.54%.
Investors will be hoping for strength from UFP Industries as it approaches its next earnings release. On that day, UFP Industries is projected to report earnings of $2.13 per share, which would represent a year-over-year decline of 19.92%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.04 billion, down 12.35% from the year-ago period.
UFPI's full-year Zacks Consensus Estimates are calling for earnings of $8.26 per share and revenue of $7.82 billion. These results would represent year-over-year changes of -24.7% and -18.78%, respectively.
Any recent changes to analyst estimates for UFP Industries 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.
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 remained stagnant within the past month. UFP Industries currently has a Zacks Rank of #3 (Hold).
Investors should also note UFP Industries's current valuation metrics, including its Forward P/E ratio of 12.46. This represents a discount compared to its industry's average Forward P/E of 17.38.
The Building Products - Wood industry is part of the Construction sector. This group has a Zacks Industry Rank of 42, putting it in the top 17% 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.
To follow UFPI in the coming trading sessions, be sure to utilize Zacks.com.