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AZZ (AZZ) Declines More Than Market: Some Information for Investors
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AZZ (AZZ - Free Report) closed the most recent trading day at $121.64, moving -3.41% from the previous trading session. This change lagged the S&P 500's 1.52% loss on the day. Meanwhile, the Dow lost 1.56%, and the Nasdaq, a tech-heavy index, lost 1.78%.
Shares of the electrical equipment maker have depreciated by 8.38% over the course of the past month, underperforming the Industrial Products sector's loss of 7.93%, and the S&P 500's loss of 2.25%.
The investment community will be paying close attention to the earnings performance of AZZ in its upcoming release. The company's upcoming EPS is projected at $1.19, signifying a 21.43% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $383.63 million, indicating a 9.02% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.04 per share and revenue of $1.65 billion. These totals would mark changes of +16.15% and +4.73%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for AZZ. 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.
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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.26% increase. As of now, AZZ holds a Zacks Rank of #3 (Hold).
Looking at its valuation, AZZ is holding a Forward P/E ratio of 18.47. This indicates a discount in contrast to its industry's Forward P/E of 25.11.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 67, finds itself in the top 28% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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AZZ (AZZ) Declines More Than Market: Some Information for Investors
AZZ (AZZ - Free Report) closed the most recent trading day at $121.64, moving -3.41% from the previous trading session. This change lagged the S&P 500's 1.52% loss on the day. Meanwhile, the Dow lost 1.56%, and the Nasdaq, a tech-heavy index, lost 1.78%.
Shares of the electrical equipment maker have depreciated by 8.38% over the course of the past month, underperforming the Industrial Products sector's loss of 7.93%, and the S&P 500's loss of 2.25%.
The investment community will be paying close attention to the earnings performance of AZZ in its upcoming release. The company's upcoming EPS is projected at $1.19, signifying a 21.43% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $383.63 million, indicating a 9.02% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.04 per share and revenue of $1.65 billion. These totals would mark changes of +16.15% and +4.73%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for AZZ. 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.
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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.26% increase. As of now, AZZ holds a Zacks Rank of #3 (Hold).
Looking at its valuation, AZZ is holding a Forward P/E ratio of 18.47. This indicates a discount in contrast to its industry's Forward P/E of 25.11.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 67, finds itself in the top 28% echelons of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.