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.
Why Griffon (GFF) Dipped More Than Broader Market Today
Read MoreHide Full Article
In the latest close session, Griffon (GFF - Free Report) was down 2.41% at $92.07. The stock trailed the S&P 500, which registered a daily loss of 0.49%. On the other hand, the Dow registered a loss of 0.05%, and the technology-centric Nasdaq decreased by 0.9%.
The stock of garage door and building products maker has risen by 33.76% in the past month, leading the Conglomerates sector's gain of 0.89% and the S&P 500's gain of 12.8%.
Investors will be eagerly watching for the performance of Griffon in its upcoming earnings disclosure. The company is expected to report EPS of $0.99, down 19.51% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $412.91 million, down 32.5% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $5.16 per share and a revenue of $1.98 billion, demonstrating changes of -8.67% and -21.45%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Griffon. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.51% lower within the past month. At present, Griffon boasts a Zacks Rank of #4 (Sell).
In terms of valuation, Griffon is presently being traded at a Forward P/E ratio of 18.29. For comparison, its industry has an average Forward P/E of 15.62, which means Griffon is trading at a premium to the group.
One should further note that GFF currently holds a PEG ratio of 1.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Diversified Operations industry stood at 1.58 at the close of the market yesterday.
The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 169, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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
Why Griffon (GFF) Dipped More Than Broader Market Today
In the latest close session, Griffon (GFF - Free Report) was down 2.41% at $92.07. The stock trailed the S&P 500, which registered a daily loss of 0.49%. On the other hand, the Dow registered a loss of 0.05%, and the technology-centric Nasdaq decreased by 0.9%.
The stock of garage door and building products maker has risen by 33.76% in the past month, leading the Conglomerates sector's gain of 0.89% and the S&P 500's gain of 12.8%.
Investors will be eagerly watching for the performance of Griffon in its upcoming earnings disclosure. The company is expected to report EPS of $0.99, down 19.51% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $412.91 million, down 32.5% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $5.16 per share and a revenue of $1.98 billion, demonstrating changes of -8.67% and -21.45%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Griffon. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.51% lower within the past month. At present, Griffon boasts a Zacks Rank of #4 (Sell).
In terms of valuation, Griffon is presently being traded at a Forward P/E ratio of 18.29. For comparison, its industry has an average Forward P/E of 15.62, which means Griffon is trading at a premium to the group.
One should further note that GFF currently holds a PEG ratio of 1.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The average PEG ratio for the Diversified Operations industry stood at 1.58 at the close of the market yesterday.
The Diversified Operations industry is part of the Conglomerates sector. This group has a Zacks Industry Rank of 169, putting it in the bottom 31% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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.