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Why Franklin Covey (FC) Dipped More Than Broader Market Today
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Franklin Covey (FC - Free Report) ended the recent trading session at $38.27, demonstrating a -0.93% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.17% for the day. On the other hand, the Dow registered a loss of 0.58%, and the technology-centric Nasdaq increased by 0.27%.
Coming into today, shares of the corporate training and consultanting company had lost 7.52% in the past month. In that same time, the Business Services sector lost 5.22%, while the S&P 500 lost 3.95%.
Analysts and investors alike will be keeping a close eye on the performance of Franklin Covey in its upcoming earnings disclosure. The company's earnings report is set to go public on November 1, 2023. On that day, Franklin Covey is projected to report earnings of $0.49 per share, which would represent year-over-year growth of 25.64%. Meanwhile, the latest consensus estimate predicts the revenue to be $81.6 million, indicating a 3.54% increase compared to the same quarter of the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Franklin Covey. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Franklin Covey is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Franklin Covey is presently being traded at a Forward P/E ratio of 23.74. For comparison, its industry has an average Forward P/E of 21.74, which means Franklin Covey is trading at a premium to the group.
Investors should also note that FC has a PEG ratio of 1.19 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Consulting Services industry currently had an average PEG ratio of 1.28 as of yesterday's close.
The Consulting Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 72, positioning it in the top 29% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Why Franklin Covey (FC) Dipped More Than Broader Market Today
Franklin Covey (FC - Free Report) ended the recent trading session at $38.27, demonstrating a -0.93% swing from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.17% for the day. On the other hand, the Dow registered a loss of 0.58%, and the technology-centric Nasdaq increased by 0.27%.
Coming into today, shares of the corporate training and consultanting company had lost 7.52% in the past month. In that same time, the Business Services sector lost 5.22%, while the S&P 500 lost 3.95%.
Analysts and investors alike will be keeping a close eye on the performance of Franklin Covey in its upcoming earnings disclosure. The company's earnings report is set to go public on November 1, 2023. On that day, Franklin Covey is projected to report earnings of $0.49 per share, which would represent year-over-year growth of 25.64%. Meanwhile, the latest consensus estimate predicts the revenue to be $81.6 million, indicating a 3.54% increase compared to the same quarter of the previous year.
Investors should also take note of any recent adjustments to analyst estimates for Franklin Covey. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Franklin Covey is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Franklin Covey is presently being traded at a Forward P/E ratio of 23.74. For comparison, its industry has an average Forward P/E of 21.74, which means Franklin Covey is trading at a premium to the group.
Investors should also note that FC has a PEG ratio of 1.19 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Consulting Services industry currently had an average PEG ratio of 1.28 as of yesterday's close.
The Consulting Services industry is part of the Business Services sector. Currently, this industry holds a Zacks Industry Rank of 72, positioning it in the top 29% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.