We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
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.
DXP Enterprises (DXPE) Rises As Market Takes a Dip: Key Facts
Read MoreHide Full Article
DXP Enterprises (DXPE - Free Report) closed at $54.59 in the latest trading session, marking a +0.76% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 1.23% for the day. At the same time, the Dow lost 1.36%, and the tech-heavy Nasdaq lost 1.4%.
The industrial products supplier's stock has climbed by 54.53% in the past month, exceeding the Industrial Products sector's gain of 5.41% and the S&P 500's gain of 1.61%.
The investment community will be paying close attention to the earnings performance of DXP Enterprises in its upcoming release.
Investors should also take note of any recent adjustments to analyst estimates for DXP Enterprises. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 12.98% higher within the past month. DXP Enterprises is currently sporting a Zacks Rank of #1 (Strong Buy).
In the context of valuation, DXP Enterprises is at present trading with a Forward P/E ratio of 15.18. For comparison, its industry has an average Forward P/E of 19.99, which means DXP Enterprises is trading at a discount to the group.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 75, putting it in the top 30% of all 250+ industries.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
DXP Enterprises (DXPE) Rises As Market Takes a Dip: Key Facts
DXP Enterprises (DXPE - Free Report) closed at $54.59 in the latest trading session, marking a +0.76% move from the prior day. The stock exceeded the S&P 500, which registered a loss of 1.23% for the day. At the same time, the Dow lost 1.36%, and the tech-heavy Nasdaq lost 1.4%.
The industrial products supplier's stock has climbed by 54.53% in the past month, exceeding the Industrial Products sector's gain of 5.41% and the S&P 500's gain of 1.61%.
The investment community will be paying close attention to the earnings performance of DXP Enterprises in its upcoming release.
Investors should also take note of any recent adjustments to analyst estimates for DXP Enterprises. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 12.98% higher within the past month. DXP Enterprises is currently sporting a Zacks Rank of #1 (Strong Buy).
In the context of valuation, DXP Enterprises is at present trading with a Forward P/E ratio of 15.18. For comparison, its industry has an average Forward P/E of 19.99, which means DXP Enterprises is trading at a discount to the group.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 75, putting it in the top 30% of all 250+ industries.
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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.