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Griffon (GFF) Stock Moves 2.02%: What You Should Know
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Griffon (GFF - Free Report) ended the recent trading session at $76.76, demonstrating a +2.02% change from the preceding day's closing price. Elsewhere, the Dow saw an upswing of 0.47%, while the tech-heavy Nasdaq depreciated by 0.16%.
The stock of garage door and building products maker has fallen by 0.83% in the past month, leading the Conglomerates sector's loss of 4.88% and undershooting the S&P 500's gain of 1.16%.
Market participants will be closely following the financial results of Griffon in its upcoming release. The company is forecasted to report an EPS of $1.56, showcasing a 6.12% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $629.69 million, down 4.55% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.67 per share and revenue of $2.49 billion, indicating changes of +10.74% and 0%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Griffon. These revisions help to show the ever-changing nature of near-term business trends. 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. 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 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. The Zacks Consensus EPS estimate has moved 0.78% lower within the past month. Currently, Griffon is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Griffon is presently trading at a Forward P/E ratio of 11.89. This indicates a discount in contrast to its industry's Forward P/E of 19.58.
One should further note that GFF currently holds a PEG ratio of 1.02. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Diversified Operations industry currently had an average PEG ratio of 1.82 as of yesterday's close.
The Diversified Operations industry is part of the Conglomerates sector. At present, this industry carries a Zacks Industry Rank of 82, placing it within the top 34% of over 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Griffon (GFF) Stock Moves 2.02%: What You Should Know
Griffon (GFF - Free Report) ended the recent trading session at $76.76, demonstrating a +2.02% change from the preceding day's closing price. Elsewhere, the Dow saw an upswing of 0.47%, while the tech-heavy Nasdaq depreciated by 0.16%.
The stock of garage door and building products maker has fallen by 0.83% in the past month, leading the Conglomerates sector's loss of 4.88% and undershooting the S&P 500's gain of 1.16%.
Market participants will be closely following the financial results of Griffon in its upcoming release. The company is forecasted to report an EPS of $1.56, showcasing a 6.12% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $629.69 million, down 4.55% from the prior-year quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.67 per share and revenue of $2.49 billion, indicating changes of +10.74% and 0%, respectively, compared to the previous year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Griffon. These revisions help to show the ever-changing nature of near-term business trends. 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. 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 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. The Zacks Consensus EPS estimate has moved 0.78% lower within the past month. Currently, Griffon is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Griffon is presently trading at a Forward P/E ratio of 11.89. This indicates a discount in contrast to its industry's Forward P/E of 19.58.
One should further note that GFF currently holds a PEG ratio of 1.02. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Diversified Operations industry currently had an average PEG ratio of 1.82 as of yesterday's close.
The Diversified Operations industry is part of the Conglomerates sector. At present, this industry carries a Zacks Industry Rank of 82, placing it within the top 34% of over 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.