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M-tron Industries, Inc. (MPTI) Outperforms Broader Market: What You Need to Know
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M-tron Industries, Inc. (MPTI - Free Report) closed at $55.79 in the latest trading session, marking a +1.22% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.17%. At the same time, the Dow lost 0.48%, and the tech-heavy Nasdaq gained 0.46%.
Shares of the company have appreciated by 1.66% over the course of the past month, outperforming the Construction sector's loss of 0.61%, and lagging the S&P 500's gain of 2.38%.
Analysts and investors alike will be keeping a close eye on the performance of M-tron Industries, Inc. in its upcoming earnings disclosure. In that report, analysts expect M-tron Industries, Inc. to post earnings of $0.57 per share. This would mark a year-over-year decline of 29.63%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.5 million, up 2.2% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.29 per share and a revenue of $53.7 million, indicating changes of -13.58% and +9.57%, respectively, from the former year.
Any recent changes to analyst estimates for M-tron Industries, Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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 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. Within the past 30 days, our consensus EPS projection remained stagnant. M-tron Industries, Inc. presently features a Zacks Rank of #3 (Hold).
With respect to valuation, M-tron Industries, Inc. is currently being traded at a Forward P/E ratio of 24.07. For comparison, its industry has an average Forward P/E of 23.8, which means M-tron Industries, Inc. is trading at a premium to the group.
It is also worth noting that MPTI currently has a PEG ratio of 0.86. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Engineering - R and D Services industry was having an average PEG ratio of 1.77.
The Engineering - R and D Services industry is part of the Construction sector. With its current Zacks Industry Rank of 97, this industry ranks in the top 40% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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M-tron Industries, Inc. (MPTI) Outperforms Broader Market: What You Need to Know
M-tron Industries, Inc. (MPTI - Free Report) closed at $55.79 in the latest trading session, marking a +1.22% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.17%. At the same time, the Dow lost 0.48%, and the tech-heavy Nasdaq gained 0.46%.
Shares of the company have appreciated by 1.66% over the course of the past month, outperforming the Construction sector's loss of 0.61%, and lagging the S&P 500's gain of 2.38%.
Analysts and investors alike will be keeping a close eye on the performance of M-tron Industries, Inc. in its upcoming earnings disclosure. In that report, analysts expect M-tron Industries, Inc. to post earnings of $0.57 per share. This would mark a year-over-year decline of 29.63%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.5 million, up 2.2% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.29 per share and a revenue of $53.7 million, indicating changes of -13.58% and +9.57%, respectively, from the former year.
Any recent changes to analyst estimates for M-tron Industries, Inc. should also be noted by investors. Such recent modifications usually signify the changing landscape of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
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 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. Within the past 30 days, our consensus EPS projection remained stagnant. M-tron Industries, Inc. presently features a Zacks Rank of #3 (Hold).
With respect to valuation, M-tron Industries, Inc. is currently being traded at a Forward P/E ratio of 24.07. For comparison, its industry has an average Forward P/E of 23.8, which means M-tron Industries, Inc. is trading at a premium to the group.
It is also worth noting that MPTI currently has a PEG ratio of 0.86. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Engineering - R and D Services industry was having an average PEG ratio of 1.77.
The Engineering - R and D Services industry is part of the Construction sector. With its current Zacks Industry Rank of 97, this industry ranks in the top 40% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.