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.
Superior Group (SGC) Rises As Market Takes a Dip: Key Facts
Read MoreHide Full Article
In the latest trading session, Superior Group (SGC - Free Report) closed at $10.90, marking a +1.4% move from the previous day. The stock's change was more than the S&P 500's daily loss of 1.12%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 2.04%.
Shares of the uniform maker witnessed a loss of 27.76% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 3.56% and the S&P 500's loss of 2.91%.
Investors will be eagerly watching for the performance of Superior Group in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.11, signifying a 54.17% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $139.68 million, indicating a 0.61% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.76 per share and a revenue of $584.83 million, representing changes of +4.11% and +3.39%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Superior Group. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 past month, there's been a 20.9% fall in the Zacks Consensus EPS estimate. Right now, Superior Group possesses a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Superior Group is presently being traded at a Forward P/E ratio of 14.08. This represents a premium compared to its industry's average Forward P/E of 13.52.
It's also important to note that SGC currently trades at a PEG ratio of 1.41. 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 average PEG ratio for the Textile - Apparel industry stood at 1.86 at the close of the market yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 33% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Superior Group (SGC) Rises As Market Takes a Dip: Key Facts
In the latest trading session, Superior Group (SGC - Free Report) closed at $10.90, marking a +1.4% move from the previous day. The stock's change was more than the S&P 500's daily loss of 1.12%. At the same time, the Dow lost 0.31%, and the tech-heavy Nasdaq lost 2.04%.
Shares of the uniform maker witnessed a loss of 27.76% over the previous month, trailing the performance of the Consumer Discretionary sector with its loss of 3.56% and the S&P 500's loss of 2.91%.
Investors will be eagerly watching for the performance of Superior Group in its upcoming earnings disclosure. The company's upcoming EPS is projected at $0.11, signifying a 54.17% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $139.68 million, indicating a 0.61% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.76 per share and a revenue of $584.83 million, representing changes of +4.11% and +3.39%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Superior Group. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 past month, there's been a 20.9% fall in the Zacks Consensus EPS estimate. Right now, Superior Group possesses a Zacks Rank of #5 (Strong Sell).
In terms of valuation, Superior Group is presently being traded at a Forward P/E ratio of 14.08. This represents a premium compared to its industry's average Forward P/E of 13.52.
It's also important to note that SGC currently trades at a PEG ratio of 1.41. 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 average PEG ratio for the Textile - Apparel industry stood at 1.86 at the close of the market yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 81, which puts it in the top 33% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.