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Griffon (GFF) Stock Sinks As Market Gains: Here's Why
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In the latest trading session, Griffon (GFF - Free Report) closed at $71.42, marking a -2.51% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.11%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.18%.
The garage door and building products maker's stock has dropped by 10.41% in the past month, falling short of the Conglomerates sector's loss of 8.04% and the S&P 500's loss of 4.28%.
Market participants will be closely following the financial results of Griffon in its upcoming release. The company is predicted to post an EPS of $0.99, indicating a 19.51% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $412.91 million, showing a 32.5% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.16 per share and a revenue of $1.98 billion, signifying shifts of -8.67% and -21.45%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Griffon. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.51% fall in the Zacks Consensus EPS estimate. At present, Griffon boasts a Zacks Rank of #4 (Sell).
Investors should also note Griffon's current valuation metrics, including its Forward P/E ratio of 14.2. Its industry sports an average Forward P/E of 16.32, so one might conclude that Griffon is trading at a discount comparatively.
Investors should also note that GFF has a PEG ratio of 1.22 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Diversified Operations industry was having an average PEG ratio of 1.29.
The Diversified Operations industry is part of the Conglomerates sector. At present, this industry carries a Zacks Industry Rank of 150, placing it within the bottom 39% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Griffon (GFF) Stock Sinks As Market Gains: Here's Why
In the latest trading session, Griffon (GFF - Free Report) closed at $71.42, marking a -2.51% move from the previous day. The stock's change was less than the S&P 500's daily gain of 0.11%. Meanwhile, the Dow lost 0.13%, and the Nasdaq, a tech-heavy index, added 0.18%.
The garage door and building products maker's stock has dropped by 10.41% in the past month, falling short of the Conglomerates sector's loss of 8.04% and the S&P 500's loss of 4.28%.
Market participants will be closely following the financial results of Griffon in its upcoming release. The company is predicted to post an EPS of $0.99, indicating a 19.51% decline compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $412.91 million, showing a 32.5% drop compared to the year-ago quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.16 per share and a revenue of $1.98 billion, signifying shifts of -8.67% and -21.45%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for Griffon. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.51% fall in the Zacks Consensus EPS estimate. At present, Griffon boasts a Zacks Rank of #4 (Sell).
Investors should also note Griffon's current valuation metrics, including its Forward P/E ratio of 14.2. Its industry sports an average Forward P/E of 16.32, so one might conclude that Griffon is trading at a discount comparatively.
Investors should also note that GFF has a PEG ratio of 1.22 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As the market closed yesterday, the Diversified Operations industry was having an average PEG ratio of 1.29.
The Diversified Operations industry is part of the Conglomerates sector. At present, this industry carries a Zacks Industry Rank of 150, placing it within the bottom 39% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.