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Griffon (GFF) Surpasses Market Returns: Some Facts Worth Knowing
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Griffon (GFF - Free Report) ended the recent trading session at $82.72, demonstrating a +2.26% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 1.18%. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq gained 1.96%.
Shares of the garage door and building products maker have appreciated by 11.16% over the course of the past month, outperforming the Conglomerates sector's gain of 2.17%, and the S&P 500's gain of 3.93%.
Investors will be eagerly watching for the performance of Griffon in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.99, showcasing a 19.51% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $412.91 million, down 32.5% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.16 per share and revenue of $1.98 billion, indicating changes of -8.67% and -21.45%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Griffon. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 last 30 days, the Zacks Consensus EPS estimate has moved 0.51% lower. Griffon presently features a Zacks Rank of #4 (Sell).
From a valuation perspective, Griffon is currently exchanging hands at a Forward P/E ratio of 15.68. This valuation marks a discount compared to its industry average Forward P/E of 16.26.
Investors should also note that GFF has a PEG ratio of 1.35 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Diversified Operations industry had an average PEG ratio of 1.35.
The Diversified Operations industry is part of the Conglomerates sector. Currently, this industry holds a Zacks Industry Rank of 162, positioning it in the bottom 34% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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Griffon (GFF) Surpasses Market Returns: Some Facts Worth Knowing
Griffon (GFF - Free Report) ended the recent trading session at $82.72, demonstrating a +2.26% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 1.18%. At the same time, the Dow added 0.66%, and the tech-heavy Nasdaq gained 1.96%.
Shares of the garage door and building products maker have appreciated by 11.16% over the course of the past month, outperforming the Conglomerates sector's gain of 2.17%, and the S&P 500's gain of 3.93%.
Investors will be eagerly watching for the performance of Griffon in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.99, showcasing a 19.51% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $412.91 million, down 32.5% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $5.16 per share and revenue of $1.98 billion, indicating changes of -8.67% and -21.45%, respectively, compared to the previous year.
Investors might also notice recent changes to analyst estimates for Griffon. These revisions typically reflect the latest short-term business trends, which can change frequently. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable 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 last 30 days, the Zacks Consensus EPS estimate has moved 0.51% lower. Griffon presently features a Zacks Rank of #4 (Sell).
From a valuation perspective, Griffon is currently exchanging hands at a Forward P/E ratio of 15.68. This valuation marks a discount compared to its industry average Forward P/E of 16.26.
Investors should also note that GFF has a PEG ratio of 1.35 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. By the end of yesterday's trading, the Diversified Operations industry had an average PEG ratio of 1.35.
The Diversified Operations industry is part of the Conglomerates sector. Currently, this industry holds a Zacks Industry Rank of 162, positioning it in the bottom 34% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.