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AZZ (AZZ) Gains As Market Dips: What You Should Know
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In the latest close session, AZZ (AZZ - Free Report) was up +1.2% at $124.46. The stock's performance was ahead of the S&P 500's daily loss of 0.37%. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq decreased by 0.84%.
Heading into today, shares of the electrical equipment maker had lost 8.51% over the past month, outpacing the Industrial Products sector's loss of 8.87% and lagging the S&P 500's loss of 3.7%.
The investment community will be paying close attention to the earnings performance of AZZ in its upcoming release. The company is forecasted to report an EPS of $1.19, showcasing a 21.43% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $383.63 million, reflecting a 9.02% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.04 per share and a revenue of $1.65 billion, demonstrating changes of +16.15% and +4.73%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for AZZ. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, there's been no change in the Zacks Consensus EPS estimate. Currently, AZZ is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, AZZ is presently being traded at a Forward P/E ratio of 18.03. This denotes a discount relative to the industry average Forward P/E of 24.51.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 80, finds itself in the top 33% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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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AZZ (AZZ) Gains As Market Dips: What You Should Know
In the latest close session, AZZ (AZZ - Free Report) was up +1.2% at $124.46. The stock's performance was ahead of the S&P 500's daily loss of 0.37%. On the other hand, the Dow registered a loss of 0.18%, and the technology-centric Nasdaq decreased by 0.84%.
Heading into today, shares of the electrical equipment maker had lost 8.51% over the past month, outpacing the Industrial Products sector's loss of 8.87% and lagging the S&P 500's loss of 3.7%.
The investment community will be paying close attention to the earnings performance of AZZ in its upcoming release. The company is forecasted to report an EPS of $1.19, showcasing a 21.43% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $383.63 million, reflecting a 9.02% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.04 per share and a revenue of $1.65 billion, demonstrating changes of +16.15% and +4.73%, respectively, from the preceding year.
It is also important to note the recent changes to analyst estimates for AZZ. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, there's been no change in the Zacks Consensus EPS estimate. Currently, AZZ is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, AZZ is presently being traded at a Forward P/E ratio of 18.03. This denotes a discount relative to the industry average Forward P/E of 24.51.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 80, finds itself in the top 33% echelons of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.