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DXP Enterprises (DXPE) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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DXP Enterprises (DXPE - Free Report) closed the most recent trading day at $130.94, moving -3.82% from the previous trading session. This change lagged the S&P 500's 1.52% loss on the day. Meanwhile, the Dow experienced a drop of 1.56%, and the technology-dominated Nasdaq saw a decrease of 1.78%.
The industrial products supplier's stock has dropped by 8.06% in the past month, falling short of the Industrial Products sector's loss of 7.93% and the S&P 500's loss of 2.25%.
Market participants will be closely following the financial results of DXP Enterprises in its upcoming release. The company is predicted to post an EPS of $1.38, indicating a 9.52% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $530 million, indicating a 11.21% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.2 per share and revenue of $2.22 billion, indicating changes of +14.39% and +10.1%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for DXP Enterprises. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 17.2% higher within the past month. DXP Enterprises presently features a Zacks Rank of #2 (Buy).
In terms of valuation, DXP Enterprises is currently trading at a Forward P/E ratio of 21.96. This valuation marks a discount compared to its industry average Forward P/E of 24.01.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 67, placing it within the top 28% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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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DXP Enterprises (DXPE) Sees a More Significant Dip Than Broader Market: Some Facts to Know
DXP Enterprises (DXPE - Free Report) closed the most recent trading day at $130.94, moving -3.82% from the previous trading session. This change lagged the S&P 500's 1.52% loss on the day. Meanwhile, the Dow experienced a drop of 1.56%, and the technology-dominated Nasdaq saw a decrease of 1.78%.
The industrial products supplier's stock has dropped by 8.06% in the past month, falling short of the Industrial Products sector's loss of 7.93% and the S&P 500's loss of 2.25%.
Market participants will be closely following the financial results of DXP Enterprises in its upcoming release. The company is predicted to post an EPS of $1.38, indicating a 9.52% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $530 million, indicating a 11.21% growth compared to the corresponding quarter of the prior year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.2 per share and revenue of $2.22 billion, indicating changes of +14.39% and +10.1%, respectively, compared to the previous year.
Investors should also note any recent changes to analyst estimates for DXP Enterprises. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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 17.2% higher within the past month. DXP Enterprises presently features a Zacks Rank of #2 (Buy).
In terms of valuation, DXP Enterprises is currently trading at a Forward P/E ratio of 21.96. This valuation marks a discount compared to its industry average Forward P/E of 24.01.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 67, placing it within the top 28% of over 250 industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.