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Air Industries (AIRI) Stock Drops Despite Market Gains: Important Facts to Note
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Air Industries (AIRI - Free Report) ended the recent trading session at $3.05, demonstrating a -1.93% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.06%. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq gained 0.39%.
The stock of maker of parts for the aerospace industry and defense contractors has fallen by 4.01% in the past month, lagging the Aerospace sector's gain of 4.81% and the S&P 500's gain of 3.94%.
Analysts and investors alike will be keeping a close eye on the performance of Air Industries in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.22, marking a 83.33% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $10 million, indicating a 20.38% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.61 per share and a revenue of $48.29 million, representing changes of -48.78% and -12.37%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Air Industries. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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. Within the past 30 days, our consensus EPS projection has moved 35.56% lower. Air Industries is currently a Zacks Rank #4 (Sell).
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 138, which puts it in the bottom 45% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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Air Industries (AIRI) Stock Drops Despite Market Gains: Important Facts to Note
Air Industries (AIRI - Free Report) ended the recent trading session at $3.05, demonstrating a -1.93% change from the preceding day's closing price. The stock's performance was behind the S&P 500's daily gain of 0.06%. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq gained 0.39%.
The stock of maker of parts for the aerospace industry and defense contractors has fallen by 4.01% in the past month, lagging the Aerospace sector's gain of 4.81% and the S&P 500's gain of 3.94%.
Analysts and investors alike will be keeping a close eye on the performance of Air Industries in its upcoming earnings disclosure. It is anticipated that the company will report an EPS of -$0.22, marking a 83.33% fall compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $10 million, indicating a 20.38% decline compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of -$0.61 per share and a revenue of $48.29 million, representing changes of -48.78% and -12.37%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Air Industries. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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. Within the past 30 days, our consensus EPS projection has moved 35.56% lower. Air Industries is currently a Zacks Rank #4 (Sell).
The Aerospace - Defense industry is part of the Aerospace sector. This industry currently has a Zacks Industry Rank of 138, which puts it in the bottom 45% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.