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AZZ (AZZ) Stock Declines While Market Improves: Some Information for Investors
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In the latest trading session, AZZ (AZZ - Free Report) closed at $115.28, marking a -1.68% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.47% for the day. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq added 0.94%.
The stock of electrical equipment maker has risen by 4.1% in the past month, leading the Industrial Products sector's loss of 0.18% and the S&P 500's gain of 2.32%.
Investors will be eagerly watching for the performance of AZZ in its upcoming earnings disclosure. The company is expected to report EPS of $1.56, up 13.87% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $430.77 million, reflecting a 5.32% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.01 per share and a revenue of $1.67 billion, demonstrating changes of +15.58% and +6.08%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for AZZ. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. AZZ presently features a Zacks Rank of #3 (Hold).
In the context of valuation, AZZ is at present trading with a Forward P/E ratio of 19.52. This denotes a discount relative to the industry average Forward P/E of 22.88.
The Manufacturing - Electronics industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 95, placing it within the top 39% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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AZZ (AZZ) Stock Declines While Market Improves: Some Information for Investors
In the latest trading session, AZZ (AZZ - Free Report) closed at $115.28, marking a -1.68% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.47% for the day. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq added 0.94%.
The stock of electrical equipment maker has risen by 4.1% in the past month, leading the Industrial Products sector's loss of 0.18% and the S&P 500's gain of 2.32%.
Investors will be eagerly watching for the performance of AZZ in its upcoming earnings disclosure. The company is expected to report EPS of $1.56, up 13.87% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $430.77 million, reflecting a 5.32% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.01 per share and a revenue of $1.67 billion, demonstrating changes of +15.58% and +6.08%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for AZZ. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. AZZ presently features a Zacks Rank of #3 (Hold).
In the context of valuation, AZZ is at present trading with a Forward P/E ratio of 19.52. This denotes a discount relative to the industry average Forward P/E of 22.88.
The Manufacturing - Electronics industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 95, placing it within the top 39% of over 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.
You can find more information on all of these metrics, and much more, on Zacks.com.