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.
Air Industries (AIRI) Falls More Steeply Than Broader Market: What Investors Need to Know
Read MoreHide Full Article
In the latest trading session, Air Industries (AIRI - Free Report) closed at $3.29, marking a -0.9% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.88% for the day. On the other hand, the Dow registered a gain of 0.08%, and the technology-centric Nasdaq decreased by 1.95%.
The maker of parts for the aerospace industry and defense contractors's shares have seen a decrease of 7.78% over the last month, not keeping up with the Aerospace sector's loss of 3.69% and the S&P 500's gain of 5.11%.
The upcoming earnings release of Air Industries will be of great interest to investors. The company's earnings per share (EPS) are projected to be -$0.21, reflecting a 75% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $12 million, reflecting a 9.16% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.65 per share and a revenue of $53.01 million, demonstrating changes of 0% and +2.9%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Air Industries. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Air Industries currently has a Zacks Rank of #4 (Sell).
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 101, placing it within the top 41% of over 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
Air Industries (AIRI) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest trading session, Air Industries (AIRI - Free Report) closed at $3.29, marking a -0.9% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.88% for the day. On the other hand, the Dow registered a gain of 0.08%, and the technology-centric Nasdaq decreased by 1.95%.
The maker of parts for the aerospace industry and defense contractors's shares have seen a decrease of 7.78% over the last month, not keeping up with the Aerospace sector's loss of 3.69% and the S&P 500's gain of 5.11%.
The upcoming earnings release of Air Industries will be of great interest to investors. The company's earnings per share (EPS) are projected to be -$0.21, reflecting a 75% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $12 million, reflecting a 9.16% fall from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of -$0.65 per share and a revenue of $53.01 million, demonstrating changes of 0% and +2.9%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for Air Industries. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Air Industries currently has a Zacks Rank of #4 (Sell).
The Aerospace - Defense industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 101, placing it within the top 41% of over 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.