We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
M-tron Industries, Inc. (MPTI) Stock Sinks As Market Gains: Here's Why
Read MoreHide Full Article
M-tron Industries, Inc. (MPTI - Free Report) closed at $64.10 in the latest trading session, marking a -4.33% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.25%. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, added 0.47%.
The company's stock has climbed by 8.8% in the past month, exceeding the Construction sector's loss of 10.84% and the S&P 500's loss of 1.88%.
The upcoming earnings release of M-tron Industries, Inc. will be of great interest to investors. The company is forecasted to report an EPS of $0.64, showcasing a 12.33% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $14 million, up 9.29% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.36 per share and revenue of $54.05 million. These totals would mark changes of -10.94% and +10.28%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for M-tron Industries, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 9.26% lower. Right now, M-tron Industries, Inc. possesses a Zacks Rank of #4 (Sell).
Looking at valuation, M-tron Industries, Inc. is presently trading at a Forward P/E ratio of 27.35. This represents a premium compared to its industry average Forward P/E of 23.32.
Investors should also note that MPTI has a PEG ratio of 1.09 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MPTI's industry had an average PEG ratio of 1.76 as of yesterday's close.
The Engineering - R and D Services industry is part of the Construction sector. With its current Zacks Industry Rank of 44, this industry ranks in the top 18% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
M-tron Industries, Inc. (MPTI) Stock Sinks As Market Gains: Here's Why
M-tron Industries, Inc. (MPTI - Free Report) closed at $64.10 in the latest trading session, marking a -4.33% move from the prior day. The stock's performance was behind the S&P 500's daily gain of 0.25%. Meanwhile, the Dow gained 0.1%, and the Nasdaq, a tech-heavy index, added 0.47%.
The company's stock has climbed by 8.8% in the past month, exceeding the Construction sector's loss of 10.84% and the S&P 500's loss of 1.88%.
The upcoming earnings release of M-tron Industries, Inc. will be of great interest to investors. The company is forecasted to report an EPS of $0.64, showcasing a 12.33% downward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $14 million, up 9.29% from the prior-year quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $2.36 per share and revenue of $54.05 million. These totals would mark changes of -10.94% and +10.28%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for M-tron Industries, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 9.26% lower. Right now, M-tron Industries, Inc. possesses a Zacks Rank of #4 (Sell).
Looking at valuation, M-tron Industries, Inc. is presently trading at a Forward P/E ratio of 27.35. This represents a premium compared to its industry average Forward P/E of 23.32.
Investors should also note that MPTI has a PEG ratio of 1.09 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MPTI's industry had an average PEG ratio of 1.76 as of yesterday's close.
The Engineering - R and D Services industry is part of the Construction sector. With its current Zacks Industry Rank of 44, this industry ranks in the top 18% of all industries, numbering over 250.
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.
You can find more information on all of these metrics, and much more, on Zacks.com.