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Why the Market Dipped But SPAR Group, Inc. (SGRP) Gained Today
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SPAR Group, Inc. (SGRP - Free Report) ended the recent trading session at $0.93, demonstrating a +2.04% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.07% for the day. Meanwhile, the Dow lost 0.37%, and the Nasdaq, a tech-heavy index, added 0.03%.
Prior to today's trading, shares of the company had lost 14.77% lagged the Business Services sector's loss of 2.31% and the S&P 500's gain of 3.94%.
Analysts and investors alike will be keeping a close eye on the performance of SPAR Group, Inc. in its upcoming earnings disclosure.
SGRP's full-year Zacks Consensus Estimates are calling for earnings of $0.12 per share and revenue of $0 million. These results would represent year-over-year changes of 0% and 0%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for SPAR Group, Inc. 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, SPAR Group, Inc. possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, SPAR Group, Inc. is currently exchanging hands at a Forward P/E ratio of 7.6. This signifies a discount in comparison to the average Forward P/E of 20.1 for its industry.
The Business - Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 44, putting it in the top 18% 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.
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Why the Market Dipped But SPAR Group, Inc. (SGRP) Gained Today
SPAR Group, Inc. (SGRP - Free Report) ended the recent trading session at $0.93, demonstrating a +2.04% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.07% for the day. Meanwhile, the Dow lost 0.37%, and the Nasdaq, a tech-heavy index, added 0.03%.
Prior to today's trading, shares of the company had lost 14.77% lagged the Business Services sector's loss of 2.31% and the S&P 500's gain of 3.94%.
Analysts and investors alike will be keeping a close eye on the performance of SPAR Group, Inc. in its upcoming earnings disclosure.
SGRP's full-year Zacks Consensus Estimates are calling for earnings of $0.12 per share and revenue of $0 million. These results would represent year-over-year changes of 0% and 0%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for SPAR Group, Inc. 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.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, SPAR Group, Inc. possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, SPAR Group, Inc. is currently exchanging hands at a Forward P/E ratio of 7.6. This signifies a discount in comparison to the average Forward P/E of 20.1 for its industry.
The Business - Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 44, putting it in the top 18% 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.