We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
DXP Enterprises (DXPE) Rises Higher Than Market: Key Facts
Read MoreHide Full Article
DXP Enterprises (DXPE - Free Report) ended the recent trading session at $151.66, demonstrating a +1.92% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.62%. Meanwhile, the Dow gained 0.58%, and the Nasdaq, a tech-heavy index, added 0.83%.
Heading into today, shares of the industrial products supplier had gained 9.3% over the past month, outpacing the Industrial Products sector's gain of 3.89% and the S&P 500's gain of 0.8%.
The investment community will be paying close attention to the earnings performance of DXP Enterprises in its upcoming release. The company is expected to report EPS of $1.38, up 9.52% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $530 million, reflecting a 11.21% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.2 per share and a revenue of $2.22 billion, demonstrating changes of +14.39% and +10.1%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for DXP Enterprises. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 last 30 days, the Zacks Consensus EPS estimate has moved 17.2% higher. At present, DXP Enterprises boasts a Zacks Rank of #1 (Strong Buy).
Looking at valuation, DXP Enterprises is presently trading at a Forward P/E ratio of 24. This indicates a premium in contrast to its industry's Forward P/E of 23.87.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 79, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
DXP Enterprises (DXPE) Rises Higher Than Market: Key Facts
DXP Enterprises (DXPE - Free Report) ended the recent trading session at $151.66, demonstrating a +1.92% change from the preceding day's closing price. The stock's performance was ahead of the S&P 500's daily gain of 0.62%. Meanwhile, the Dow gained 0.58%, and the Nasdaq, a tech-heavy index, added 0.83%.
Heading into today, shares of the industrial products supplier had gained 9.3% over the past month, outpacing the Industrial Products sector's gain of 3.89% and the S&P 500's gain of 0.8%.
The investment community will be paying close attention to the earnings performance of DXP Enterprises in its upcoming release. The company is expected to report EPS of $1.38, up 9.52% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $530 million, reflecting a 11.21% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $6.2 per share and a revenue of $2.22 billion, demonstrating changes of +14.39% and +10.1%, respectively, from the preceding year.
Investors should also note any recent changes to analyst estimates for DXP Enterprises. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical 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 last 30 days, the Zacks Consensus EPS estimate has moved 17.2% higher. At present, DXP Enterprises boasts a Zacks Rank of #1 (Strong Buy).
Looking at valuation, DXP Enterprises is presently trading at a Forward P/E ratio of 24. This indicates a premium in contrast to its industry's Forward P/E of 23.87.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. Currently, this industry holds a Zacks Industry Rank of 79, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.