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Powell Industries (POWL) Advances While Market Declines: Some Information for Investors
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In the latest trading session, Powell Industries (POWL - Free Report) closed at $340.86, marking a +1.4% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.03%. Meanwhile, the Dow lost 0.04%, and the Nasdaq, a tech-heavy index, lost 0.09%.
The energy equipment company's shares have seen an increase of 4.47% over the last month, surpassing the Industrial Products sector's gain of 1.88% and the S&P 500's gain of 2.57%.
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 $2.85 per share. This would mark a year-over-year decline of 0.35%. Meanwhile, our latest consensus estimate is calling for revenue of $257.47 million, up 6.64% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.27 per share and a revenue of $1.18 billion, indicating changes of +2.76% and +6.63%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Powell Industries. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. At present, Powell Industries boasts a Zacks Rank of #2 (Buy).
Looking at valuation, Powell Industries is presently trading at a Forward P/E ratio of 22.02. For comparison, its industry has an average Forward P/E of 25.34, which means Powell Industries is trading at a discount to the group.
Meanwhile, POWL's PEG ratio is currently 1.57. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Manufacturing - Electronics stocks are, on average, holding a PEG ratio of 2.03 based on yesterday's closing prices.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 28, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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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Powell Industries (POWL) Advances While Market Declines: Some Information for Investors
In the latest trading session, Powell Industries (POWL - Free Report) closed at $340.86, marking a +1.4% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.03%. Meanwhile, the Dow lost 0.04%, and the Nasdaq, a tech-heavy index, lost 0.09%.
The energy equipment company's shares have seen an increase of 4.47% over the last month, surpassing the Industrial Products sector's gain of 1.88% and the S&P 500's gain of 2.57%.
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 $2.85 per share. This would mark a year-over-year decline of 0.35%. Meanwhile, our latest consensus estimate is calling for revenue of $257.47 million, up 6.64% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $15.27 per share and a revenue of $1.18 billion, indicating changes of +2.76% and +6.63%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Powell Industries. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. At present, Powell Industries boasts a Zacks Rank of #2 (Buy).
Looking at valuation, Powell Industries is presently trading at a Forward P/E ratio of 22.02. For comparison, its industry has an average Forward P/E of 25.34, which means Powell Industries is trading at a discount to the group.
Meanwhile, POWL's PEG ratio is currently 1.57. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Manufacturing - Electronics stocks are, on average, holding a PEG ratio of 2.03 based on yesterday's closing prices.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 28, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks 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.