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Powell Industries (POWL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest trading session, Powell Industries (POWL - Free Report) closed at $524.39, marking a -10.29% move from the previous day. This change lagged the S&P 500's daily loss of 1.74%. Elsewhere, the Dow lost 1.01%, while the tech-heavy Nasdaq lost 2.38%.
The energy equipment company's stock has climbed by 6.48% in the past month, exceeding the Industrial Products sector's loss of 7.25% and the S&P 500's loss of 4.99%.
Analysts and investors alike will be keeping a close eye on the performance of Powell Industries in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.88, reflecting a 1.84% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $295.84 million, up 6.18% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $16.45 per share and revenue of $1.19 billion, which would represent changes of +10.7% and +7.63%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Powell Industries. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.01% higher. Powell Industries is holding a Zacks Rank of #2 (Buy) right now.
In the context of valuation, Powell Industries is at present trading with a Forward P/E ratio of 35.53. For comparison, its industry has an average Forward P/E of 24.55, which means Powell Industries is trading at a premium to the group.
It's also important to note that POWL currently trades at a PEG ratio of 2.54. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Manufacturing - Electronics was holding an average PEG ratio of 1.77 at yesterday's closing price.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 71, finds itself in the top 29% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Powell Industries (POWL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, Powell Industries (POWL - Free Report) closed at $524.39, marking a -10.29% move from the previous day. This change lagged the S&P 500's daily loss of 1.74%. Elsewhere, the Dow lost 1.01%, while the tech-heavy Nasdaq lost 2.38%.
The energy equipment company's stock has climbed by 6.48% in the past month, exceeding the Industrial Products sector's loss of 7.25% and the S&P 500's loss of 4.99%.
Analysts and investors alike will be keeping a close eye on the performance of Powell Industries in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $3.88, reflecting a 1.84% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $295.84 million, up 6.18% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $16.45 per share and revenue of $1.19 billion, which would represent changes of +10.7% and +7.63%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Powell Industries. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 3.01% higher. Powell Industries is holding a Zacks Rank of #2 (Buy) right now.
In the context of valuation, Powell Industries is at present trading with a Forward P/E ratio of 35.53. For comparison, its industry has an average Forward P/E of 24.55, which means Powell Industries is trading at a premium to the group.
It's also important to note that POWL currently trades at a PEG ratio of 2.54. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Manufacturing - Electronics was holding an average PEG ratio of 1.77 at yesterday's closing price.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 71, finds itself in the top 29% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.