We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Terex (TEX) Stock Drops Despite Market Gains: Important Facts to Note
Read MoreHide Full Article
Terex (TEX - Free Report) closed at $58.02 in the latest trading session, marking a -0.72% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.12%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.54%.
Heading into today, shares of the machinery products maker had lost 1.28% over the past month, lagging the Industrial Products sector's gain of 4.2% and the S&P 500's gain of 2.06% in that time.
The upcoming earnings release of Terex will be of great interest to investors. On that day, Terex is projected to report earnings of $1.33 per share, which would represent a year-over-year decline of 16.88%. Simultaneously, our latest consensus estimate expects the revenue to be $1.23 billion, showing a 0.6% drop compared to the year-ago quarter.
TEX's full-year Zacks Consensus Estimates are calling for earnings of $6.93 per share and revenue of $5.16 billion. These results would represent year-over-year changes of -1.84% and +0.21%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Terex. These revisions help to show the ever-changing nature 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 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.31% lower within the past month. As of now, Terex holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Terex is holding a Forward P/E ratio of 8.43. For comparison, its industry has an average Forward P/E of 10.42, which means Terex is trading at a discount to the group.
It is also worth noting that TEX currently has a PEG ratio of 0.58. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Construction and Mining was holding an average PEG ratio of 0.94 at yesterday's closing price.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 45, this industry ranks in the top 18% of all industries, numbering over 250.
The Zacks Industry Rank is ordered 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Terex (TEX) Stock Drops Despite Market Gains: Important Facts to Note
Terex (TEX - Free Report) closed at $58.02 in the latest trading session, marking a -0.72% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 1.12%. Meanwhile, the Dow experienced a rise of 0.61%, and the technology-dominated Nasdaq saw an increase of 1.54%.
Heading into today, shares of the machinery products maker had lost 1.28% over the past month, lagging the Industrial Products sector's gain of 4.2% and the S&P 500's gain of 2.06% in that time.
The upcoming earnings release of Terex will be of great interest to investors. On that day, Terex is projected to report earnings of $1.33 per share, which would represent a year-over-year decline of 16.88%. Simultaneously, our latest consensus estimate expects the revenue to be $1.23 billion, showing a 0.6% drop compared to the year-ago quarter.
TEX's full-year Zacks Consensus Estimates are calling for earnings of $6.93 per share and revenue of $5.16 billion. These results would represent year-over-year changes of -1.84% and +0.21%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Terex. These revisions help to show the ever-changing nature 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 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 1.31% lower within the past month. As of now, Terex holds a Zacks Rank of #3 (Hold).
Looking at its valuation, Terex is holding a Forward P/E ratio of 8.43. For comparison, its industry has an average Forward P/E of 10.42, which means Terex is trading at a discount to the group.
It is also worth noting that TEX currently has a PEG ratio of 0.58. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Construction and Mining was holding an average PEG ratio of 0.94 at yesterday's closing price.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 45, this industry ranks in the top 18% of all industries, numbering over 250.
The Zacks Industry Rank is ordered 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.