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Superior Group (SGC) Gains As Market Dips: What You Should Know
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Superior Group (SGC - Free Report) ended the recent trading session at $10.22, demonstrating a +1.09% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.53%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 1%.
The uniform maker's stock has dropped by 0.59% in the past month, falling short of the Consumer Discretionary sector's gain of 0.09% and the S&P 500's gain of 2.06%.
The upcoming earnings release of Superior Group will be of great interest to investors. The company is expected to report EPS of $0.2, up 53.85% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $144.32 million, indicating a 0.75% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.43 per share and revenue of $563.93 million, which would represent changes of -41.1% and 0%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Superior Group. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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. Currently, Superior Group is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Superior Group is holding a Forward P/E ratio of 13.42. This signifies a discount in comparison to the average Forward P/E of 16.75 for its industry.
Meanwhile, SGC's PEG ratio is currently 1.34. 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. By the end of yesterday's trading, the Textile - Apparel industry had an average PEG ratio of 3.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 52, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Superior Group (SGC) Gains As Market Dips: What You Should Know
Superior Group (SGC - Free Report) ended the recent trading session at $10.22, demonstrating a +1.09% change from the preceding day's closing price. The stock's change was more than the S&P 500's daily loss of 0.53%. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 1%.
The uniform maker's stock has dropped by 0.59% in the past month, falling short of the Consumer Discretionary sector's gain of 0.09% and the S&P 500's gain of 2.06%.
The upcoming earnings release of Superior Group will be of great interest to investors. The company is expected to report EPS of $0.2, up 53.85% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $144.32 million, indicating a 0.75% decrease compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.43 per share and revenue of $563.93 million, which would represent changes of -41.1% and 0%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Superior Group. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
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. Currently, Superior Group is carrying a Zacks Rank of #3 (Hold).
Looking at its valuation, Superior Group is holding a Forward P/E ratio of 13.42. This signifies a discount in comparison to the average Forward P/E of 16.75 for its industry.
Meanwhile, SGC's PEG ratio is currently 1.34. 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. By the end of yesterday's trading, the Textile - Apparel industry had an average PEG ratio of 3.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 52, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.