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AZZ (AZZ) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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AZZ (AZZ - Free Report) ended the recent trading session at $113.26, demonstrating a -1.13% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.55% for the day. Elsewhere, the Dow saw a downswing of 0.19%, while the tech-heavy Nasdaq depreciated by 0.95%.
Prior to today's trading, shares of the electrical equipment maker had lost 0.56% lagged the Industrial Products sector's loss of 0.07% and the S&P 500's gain of 3.64%.
The upcoming earnings release of AZZ will be of great interest to investors. On that day, AZZ is projected to report earnings of $1.57 per share, which would represent year-over-year growth of 14.6%. Alongside, our most recent consensus estimate is anticipating revenue of $430.77 million, indicating a 5.32% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.02 per share and revenue of $1.68 billion, indicating changes of +15.77% and +6.73%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for AZZ. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, there's been a 0.2% rise in the Zacks Consensus EPS estimate. As of now, AZZ holds a Zacks Rank of #2 (Buy).
In terms of valuation, AZZ is presently being traded at a Forward P/E ratio of 19.03. This valuation marks a discount compared to its industry average Forward P/E of 23.08.
The Manufacturing - Electronics industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 70, placing it within the top 29% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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AZZ (AZZ) Sees a More Significant Dip Than Broader Market: Some Facts to Know
AZZ (AZZ - Free Report) ended the recent trading session at $113.26, demonstrating a -1.13% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.55% for the day. Elsewhere, the Dow saw a downswing of 0.19%, while the tech-heavy Nasdaq depreciated by 0.95%.
Prior to today's trading, shares of the electrical equipment maker had lost 0.56% lagged the Industrial Products sector's loss of 0.07% and the S&P 500's gain of 3.64%.
The upcoming earnings release of AZZ will be of great interest to investors. On that day, AZZ is projected to report earnings of $1.57 per share, which would represent year-over-year growth of 14.6%. Alongside, our most recent consensus estimate is anticipating revenue of $430.77 million, indicating a 5.32% upward movement from the same quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.02 per share and revenue of $1.68 billion, indicating changes of +15.77% and +6.73%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for AZZ. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 past month, there's been a 0.2% rise in the Zacks Consensus EPS estimate. As of now, AZZ holds a Zacks Rank of #2 (Buy).
In terms of valuation, AZZ is presently being traded at a Forward P/E ratio of 19.03. This valuation marks a discount compared to its industry average Forward P/E of 23.08.
The Manufacturing - Electronics industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 70, placing it within the top 29% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.