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Terex (TEX) Stock Moves -0.82%: What You Should Know
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In the latest trading session, Terex (TEX - Free Report) closed at $64.46, marking a -0.82% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.23%. On the other hand, the Dow registered a loss of 1.36%, and the technology-centric Nasdaq decreased by 1.4%.
Shares of the machinery products maker have appreciated by 13.56% over the course of the past month, outperforming the Industrial Products sector's gain of 5.41% and the S&P 500's gain of 1.61%.
The investment community will be closely monitoring the performance of Terex in its forthcoming earnings report. The company is expected to report EPS of $1.33, down 16.88% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.23 billion, down 0.65% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.94 per share and a revenue of $5.17 billion, signifying shifts of -1.7% and +0.31%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Terex. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.14% upward. Terex presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Terex is presently trading at a Forward P/E ratio of 9.36. This expresses a discount compared to the average Forward P/E of 10.96 of its industry.
We can also see that TEX currently has a PEG ratio of 0.65. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. TEX's industry had an average PEG ratio of 1.04 as of yesterday's close.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 61, finds itself in the top 25% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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Terex (TEX) Stock Moves -0.82%: What You Should Know
In the latest trading session, Terex (TEX - Free Report) closed at $64.46, marking a -0.82% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.23%. On the other hand, the Dow registered a loss of 1.36%, and the technology-centric Nasdaq decreased by 1.4%.
Shares of the machinery products maker have appreciated by 13.56% over the course of the past month, outperforming the Industrial Products sector's gain of 5.41% and the S&P 500's gain of 1.61%.
The investment community will be closely monitoring the performance of Terex in its forthcoming earnings report. The company is expected to report EPS of $1.33, down 16.88% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.23 billion, down 0.65% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.94 per share and a revenue of $5.17 billion, signifying shifts of -1.7% and +0.31%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Terex. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the company's business performance and profit potential.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 0.14% upward. Terex presently features a Zacks Rank of #3 (Hold).
Looking at valuation, Terex is presently trading at a Forward P/E ratio of 9.36. This expresses a discount compared to the average Forward P/E of 10.96 of its industry.
We can also see that TEX currently has a PEG ratio of 0.65. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. TEX's industry had an average PEG ratio of 1.04 as of yesterday's close.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 61, finds itself in the top 25% echelons of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.