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AZZ (AZZ) Registers a Bigger Fall Than the Market: Important Facts to Note
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AZZ (AZZ - Free Report) closed the most recent trading day at $85.76, moving -0.81% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.33%. Meanwhile, the Dow lost 0.37%, and the Nasdaq, a tech-heavy index, lost 0.53%.
Coming into today, shares of the electrical equipment maker had lost 10.51% in the past month. In that same time, the Industrial Products sector lost 2.56%, while the S&P 500 lost 4.03%.
The investment community will be paying close attention to the earnings performance of AZZ in its upcoming release. On that day, AZZ is projected to report earnings of $0.95 per share, which would represent year-over-year growth of 2.15%. Alongside, our most recent consensus estimate is anticipating revenue of $369.08 million, indicating a 0.7% upward movement from the same quarter last year.
Investors should also take note of any recent adjustments to analyst estimates for AZZ. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.1% increase. AZZ is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, AZZ is currently trading at a Forward P/E ratio of 14.86. For comparison, its industry has an average Forward P/E of 20.38, which means AZZ is trading at a discount to the group.
Investors should also note that AZZ has a PEG ratio of 1.06 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Manufacturing - Electronics stocks are, on average, holding a PEG ratio of 1.78 based on yesterday's closing prices.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 37, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.
View the Zacks #1 Rank List
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AZZ (AZZ) Registers a Bigger Fall Than the Market: Important Facts to Note
AZZ (AZZ - Free Report) closed the most recent trading day at $85.76, moving -0.81% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.33%. Meanwhile, the Dow lost 0.37%, and the Nasdaq, a tech-heavy index, lost 0.53%.
Coming into today, shares of the electrical equipment maker had lost 10.51% in the past month. In that same time, the Industrial Products sector lost 2.56%, while the S&P 500 lost 4.03%.
The investment community will be paying close attention to the earnings performance of AZZ in its upcoming release. On that day, AZZ is projected to report earnings of $0.95 per share, which would represent year-over-year growth of 2.15%. Alongside, our most recent consensus estimate is anticipating revenue of $369.08 million, indicating a 0.7% upward movement from the same quarter last year.
Investors should also take note of any recent adjustments to analyst estimates for AZZ. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.1% increase. AZZ is currently sporting a Zacks Rank of #2 (Buy).
In terms of valuation, AZZ is currently trading at a Forward P/E ratio of 14.86. For comparison, its industry has an average Forward P/E of 20.38, which means AZZ is trading at a discount to the group.
Investors should also note that AZZ has a PEG ratio of 1.06 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Manufacturing - Electronics stocks are, on average, holding a PEG ratio of 1.78 based on yesterday's closing prices.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 37, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.