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Powell Industries (POWL) Declines More Than Market: Some Information for Investors
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Powell Industries (POWL - Free Report) closed at $309.53 in the latest trading session, marking a -1.86% move from the prior day. This change lagged the S&P 500's daily loss of 0.28%. Meanwhile, the Dow experienced a drop of 0.52%, and the technology-dominated Nasdaq saw a decrease of 0.08%.
The stock of energy equipment company has risen by 13.87% in the past month, leading the Industrial Products sector's gain of 1.66% and the S&P 500's gain of 4.03%.
Investors will be eagerly watching for the performance of Powell Industries in its upcoming earnings disclosure. In that report, analysts expect Powell Industries to post earnings of $3.76 per share. This would mark a year-over-year decline of 0.27%. Meanwhile, our latest consensus estimate is calling for revenue of $292.85 million, up 6.47% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $14.39 per share and a revenue of $1.1 billion, representing changes of +17.09% and 0%, respectively, from the prior year.
Any recent changes to analyst estimates for Powell Industries should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Powell Industries currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Powell Industries is currently trading at a Forward P/E ratio of 21.17. This represents a discount compared to its industry average Forward P/E of 23.36.
Meanwhile, POWL's PEG ratio is currently 1.51. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Manufacturing - Electronics industry held an average PEG ratio of 1.95.
The Manufacturing - Electronics industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 151, placing it within the bottom 39% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Powell Industries (POWL) Declines More Than Market: Some Information for Investors
Powell Industries (POWL - Free Report) closed at $309.53 in the latest trading session, marking a -1.86% move from the prior day. This change lagged the S&P 500's daily loss of 0.28%. Meanwhile, the Dow experienced a drop of 0.52%, and the technology-dominated Nasdaq saw a decrease of 0.08%.
The stock of energy equipment company has risen by 13.87% in the past month, leading the Industrial Products sector's gain of 1.66% and the S&P 500's gain of 4.03%.
Investors will be eagerly watching for the performance of Powell Industries in its upcoming earnings disclosure. In that report, analysts expect Powell Industries to post earnings of $3.76 per share. This would mark a year-over-year decline of 0.27%. Meanwhile, our latest consensus estimate is calling for revenue of $292.85 million, up 6.47% from the prior-year quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $14.39 per share and a revenue of $1.1 billion, representing changes of +17.09% and 0%, respectively, from the prior year.
Any recent changes to analyst estimates for Powell Industries should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Powell Industries currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Powell Industries is currently trading at a Forward P/E ratio of 21.17. This represents a discount compared to its industry average Forward P/E of 23.36.
Meanwhile, POWL's PEG ratio is currently 1.51. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Manufacturing - Electronics industry held an average PEG ratio of 1.95.
The Manufacturing - Electronics industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 151, placing it within the bottom 39% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.