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Superior Group (SGC) Stock Sinks As Market Gains: Here's Why
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Superior Group (SGC - Free Report) closed at $10.23 in the latest trading session, marking a -1.45% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.08%. Elsewhere, the Dow lost 0.18%, while the tech-heavy Nasdaq added 0.1%.
Coming into today, shares of the uniform maker had lost 0.95% in the past month. In that same time, the Consumer Discretionary sector lost 5%, while the S&P 500 lost 1.74%.
The upcoming earnings release of Superior Group will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.02, reflecting a 140% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $137.9 million, up 0.58% from the prior-year quarter.
SGC's full-year Zacks Consensus Estimates are calling for earnings of $0.58 per share and revenue of $576.45 million. These results would represent year-over-year changes of +26.09% and +1.81%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Superior Group. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Superior Group currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Superior Group is currently trading at a Forward P/E ratio of 17.9. For comparison, its industry has an average Forward P/E of 16.12, which means Superior Group is trading at a premium to the group.
Also, we should mention that SGC has a PEG ratio of 1.79. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Textile - Apparel industry held an average PEG ratio of 1.85.
The Textile - Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 100, placing it within the top 41% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Superior Group (SGC) Stock Sinks As Market Gains: Here's Why
Superior Group (SGC - Free Report) closed at $10.23 in the latest trading session, marking a -1.45% move from the prior day. The stock trailed the S&P 500, which registered a daily gain of 0.08%. Elsewhere, the Dow lost 0.18%, while the tech-heavy Nasdaq added 0.1%.
Coming into today, shares of the uniform maker had lost 0.95% in the past month. In that same time, the Consumer Discretionary sector lost 5%, while the S&P 500 lost 1.74%.
The upcoming earnings release of Superior Group will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.02, reflecting a 140% increase from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $137.9 million, up 0.58% from the prior-year quarter.
SGC's full-year Zacks Consensus Estimates are calling for earnings of $0.58 per share and revenue of $576.45 million. These results would represent year-over-year changes of +26.09% and +1.81%, respectively.
It's also important for investors to be aware of any recent modifications to analyst estimates for Superior Group. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Superior Group currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Superior Group is currently trading at a Forward P/E ratio of 17.9. For comparison, its industry has an average Forward P/E of 16.12, which means Superior Group is trading at a premium to the group.
Also, we should mention that SGC has a PEG ratio of 1.79. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As of the close of trade yesterday, the Textile - Apparel industry held an average PEG ratio of 1.85.
The Textile - Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 100, placing it within the top 41% of over 250 industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.