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AZZ (AZZ) Registers a Bigger Fall Than the Market: Important Facts to Note
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AZZ (AZZ - Free Report) closed at $97.64 in the latest trading session, marking a -3.34% move from the prior day. This move lagged the S&P 500's daily loss of 1.66%. Meanwhile, the Dow lost 1.65%, and the Nasdaq, a tech-heavy index, lost 2.29%.
The electrical equipment maker's shares have seen an increase of 1.09% over the last month, not keeping up with the Industrial Products sector's gain of 5.87% and the S&P 500's gain of 4.64%.
The investment community will be closely monitoring the performance of AZZ in its forthcoming earnings report. The company is expected to report EPS of $1.49, up 7.19% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $422.75 million, up 4.73% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.99 per share and a revenue of $1.65 billion, indicating changes of +15.19% and +4.26%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AZZ. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, AZZ possesses a Zacks Rank of #3 (Hold).
Digging into valuation, AZZ currently has a Forward P/E ratio of 16.88. This expresses a discount compared to the average Forward P/E of 25.65 of its industry.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 31, finds itself in the top 13% echelons of all 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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AZZ (AZZ) Registers a Bigger Fall Than the Market: Important Facts to Note
AZZ (AZZ - Free Report) closed at $97.64 in the latest trading session, marking a -3.34% move from the prior day. This move lagged the S&P 500's daily loss of 1.66%. Meanwhile, the Dow lost 1.65%, and the Nasdaq, a tech-heavy index, lost 2.29%.
The electrical equipment maker's shares have seen an increase of 1.09% over the last month, not keeping up with the Industrial Products sector's gain of 5.87% and the S&P 500's gain of 4.64%.
The investment community will be closely monitoring the performance of AZZ in its forthcoming earnings report. The company is expected to report EPS of $1.49, up 7.19% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $422.75 million, up 4.73% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.99 per share and a revenue of $1.65 billion, indicating changes of +15.19% and +4.26%, respectively, from the former year.
It's also important for investors to be aware of any recent modifications to analyst estimates for AZZ. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. Right now, AZZ possesses a Zacks Rank of #3 (Hold).
Digging into valuation, AZZ currently has a Forward P/E ratio of 16.88. This expresses a discount compared to the average Forward P/E of 25.65 of its industry.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 31, finds itself in the top 13% echelons of all 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.