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SPAR Group, Inc. (SGRP) Rises As Market Takes a Dip: Key Facts
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In the latest trading session, SPAR Group, Inc. (SGRP - Free Report) closed at $1.16, marking a +1.31% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.49%. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq lost 0.65%.
The company's shares have seen an increase of 25.55% over the last month, surpassing the Business Services sector's loss of 3.04% and the S&P 500's gain of 0.96%.
The investment community will be closely monitoring the performance of SPAR Group, Inc. in its forthcoming earnings report.
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 might also notice recent changes to analyst estimates for SPAR Group, Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Within the past 30 days, our consensus EPS projection remained stagnant. SPAR Group, Inc. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, SPAR Group, Inc. is currently trading at a Forward P/E ratio of 9.54. This signifies a discount in comparison to the average Forward P/E of 18.26 for its industry.
The Business - Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 96, putting it in the top 39% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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SPAR Group, Inc. (SGRP) Rises As Market Takes a Dip: Key Facts
In the latest trading session, SPAR Group, Inc. (SGRP - Free Report) closed at $1.16, marking a +1.31% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.49%. Elsewhere, the Dow lost 0.14%, while the tech-heavy Nasdaq lost 0.65%.
The company's shares have seen an increase of 25.55% over the last month, surpassing the Business Services sector's loss of 3.04% and the S&P 500's gain of 0.96%.
The investment community will be closely monitoring the performance of SPAR Group, Inc. in its forthcoming earnings report.
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 might also notice recent changes to analyst estimates for SPAR Group, Inc. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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. Within the past 30 days, our consensus EPS projection remained stagnant. SPAR Group, Inc. presently features a Zacks Rank of #3 (Hold).
In terms of valuation, SPAR Group, Inc. is currently trading at a Forward P/E ratio of 9.54. This signifies a discount in comparison to the average Forward P/E of 18.26 for its industry.
The Business - Services industry is part of the Business Services sector. This group has a Zacks Industry Rank of 96, putting it in the top 39% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.