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Axon Enterprise (AXON) Falls More Steeply Than Broader Market: What Investors Need to Know
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Axon Enterprise (AXON - Free Report) closed the most recent trading day at $415.07, moving -3.46% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.4%. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq depreciated by 0.73%.
Coming into today, shares of the maker of stun guns and body cameras had lost 20.73% in the past month. In that same time, the Aerospace sector lost 12.06%, while the S&P 500 lost 7.34%.
Investors will be eagerly watching for the performance of Axon Enterprise in its upcoming earnings disclosure. On that day, Axon Enterprise is projected to report earnings of $1.66 per share, which would represent year-over-year growth of 17.73%. Alongside, our most recent consensus estimate is anticipating revenue of $779.78 million, indicating a 29.18% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.12 per share and revenue of $3.57 billion. These totals would mark changes of +18.54% and +28.31%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Axon Enterprise. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.33% downward. Currently, Axon Enterprise is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Axon Enterprise is presently trading at a Forward P/E ratio of 52.97. This signifies a premium in comparison to the average Forward P/E of 34.41 for its industry.
One should further note that AXON currently holds a PEG ratio of 1.59. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Aerospace - Defense Equipment was holding an average PEG ratio of 2.36 at yesterday's closing price.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 89, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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Axon Enterprise (AXON) Falls More Steeply Than Broader Market: What Investors Need to Know
Axon Enterprise (AXON - Free Report) closed the most recent trading day at $415.07, moving -3.46% from the previous trading session. The stock's performance was behind the S&P 500's daily loss of 0.4%. Elsewhere, the Dow saw an upswing of 0.11%, while the tech-heavy Nasdaq depreciated by 0.73%.
Coming into today, shares of the maker of stun guns and body cameras had lost 20.73% in the past month. In that same time, the Aerospace sector lost 12.06%, while the S&P 500 lost 7.34%.
Investors will be eagerly watching for the performance of Axon Enterprise in its upcoming earnings disclosure. On that day, Axon Enterprise is projected to report earnings of $1.66 per share, which would represent year-over-year growth of 17.73%. Alongside, our most recent consensus estimate is anticipating revenue of $779.78 million, indicating a 29.18% upward movement from the same quarter last year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $8.12 per share and revenue of $3.57 billion. These totals would mark changes of +18.54% and +28.31%, respectively, from last year.
Investors should also pay attention to any latest changes in analyst estimates for Axon Enterprise. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.33% downward. Currently, Axon Enterprise is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Axon Enterprise is presently trading at a Forward P/E ratio of 52.97. This signifies a premium in comparison to the average Forward P/E of 34.41 for its industry.
One should further note that AXON currently holds a PEG ratio of 1.59. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Aerospace - Defense Equipment was holding an average PEG ratio of 2.36 at yesterday's closing price.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. At present, this industry carries a Zacks Industry Rank of 89, placing it within the top 37% of over 250 industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.