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Why Powell Industries (POWL) Dipped More Than Broader Market Today
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Powell Industries (POWL - Free Report) closed the most recent trading day at $180.89, moving -7.3% from the previous trading session. This change lagged the S&P 500's daily loss of 0.84%. Meanwhile, the Dow experienced a drop of 0.7%, and the technology-dominated Nasdaq saw a decrease of 0.91%.
Shares of the energy equipment company witnessed a gain of 6.53% over the previous month, beating the performance of the Industrial Products sector with its loss of 0%, and the S&P 500's gain of 1.44%.
The investment community will be closely monitoring the performance of Powell Industries in its forthcoming earnings report. The company is predicted to post an EPS of $3.73, indicating a 1.58% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $295.12 million, indicating a 2.41% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.17 per share and revenue of $1.11 billion. These totals would mark changes of +15.3% and +9.82%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Powell Industries. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Powell Industries boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Powell Industries currently has a Forward P/E ratio of 13.77. This indicates a discount in contrast to its industry's Forward P/E of 23.11.
Also, we should mention that POWL has a PEG ratio of 0.98. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Manufacturing - Electronics was holding an average PEG ratio of 1.88 at yesterday's closing price.
The Manufacturing - Electronics industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 57, positioning it in the top 24% 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.
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Why Powell Industries (POWL) Dipped More Than Broader Market Today
Powell Industries (POWL - Free Report) closed the most recent trading day at $180.89, moving -7.3% from the previous trading session. This change lagged the S&P 500's daily loss of 0.84%. Meanwhile, the Dow experienced a drop of 0.7%, and the technology-dominated Nasdaq saw a decrease of 0.91%.
Shares of the energy equipment company witnessed a gain of 6.53% over the previous month, beating the performance of the Industrial Products sector with its loss of 0%, and the S&P 500's gain of 1.44%.
The investment community will be closely monitoring the performance of Powell Industries in its forthcoming earnings report. The company is predicted to post an EPS of $3.73, indicating a 1.58% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $295.12 million, indicating a 2.41% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $14.17 per share and revenue of $1.11 billion. These totals would mark changes of +15.3% and +9.82%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Powell Industries. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, Powell Industries boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Powell Industries currently has a Forward P/E ratio of 13.77. This indicates a discount in contrast to its industry's Forward P/E of 23.11.
Also, we should mention that POWL has a PEG ratio of 0.98. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Manufacturing - Electronics was holding an average PEG ratio of 1.88 at yesterday's closing price.
The Manufacturing - Electronics industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 57, positioning it in the top 24% 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.