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DXP Enterprises (DXPE) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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In the latest trading session, DXP Enterprises (DXPE - Free Report) closed at $166.19, marking a -1.12% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.57%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw a decrease of 1.15%.
Shares of the industrial products supplier have appreciated by 15.22% over the course of the past month, outperforming the Industrial Products sector's gain of 4.73%, and the S&P 500's gain of 2.14%.
Analysts and investors alike will be keeping a close eye on the performance of DXP Enterprises in its upcoming earnings disclosure. In that report, analysts expect DXP Enterprises to post earnings of $1.5 per share. This would mark year-over-year growth of 4.9%. Alongside, our most recent consensus estimate is anticipating revenue of $548 million, indicating a 9.89% upward movement from the same quarter last year.
DXPE's full-year Zacks Consensus Estimates are calling for earnings of $6.2 per share and revenue of $2.22 billion. These results would represent year-over-year changes of +14.39% and +10.1%, respectively.
Any recent changes to analyst estimates for DXP Enterprises should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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, 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 remained unchanged. DXP Enterprises is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, DXP Enterprises is presently being traded at a Forward P/E ratio of 27.11. For comparison, its industry has an average Forward P/E of 25.77, which means DXP Enterprises is trading at a premium to the group.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 77, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.
View the Zacks #1 Rank List
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DXP Enterprises (DXPE) Sees a More Significant Dip Than Broader Market: Some Facts to Know
In the latest trading session, DXP Enterprises (DXPE - Free Report) closed at $166.19, marking a -1.12% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.57%. Meanwhile, the Dow experienced a rise of 0.64%, and the technology-dominated Nasdaq saw a decrease of 1.15%.
Shares of the industrial products supplier have appreciated by 15.22% over the course of the past month, outperforming the Industrial Products sector's gain of 4.73%, and the S&P 500's gain of 2.14%.
Analysts and investors alike will be keeping a close eye on the performance of DXP Enterprises in its upcoming earnings disclosure. In that report, analysts expect DXP Enterprises to post earnings of $1.5 per share. This would mark year-over-year growth of 4.9%. Alongside, our most recent consensus estimate is anticipating revenue of $548 million, indicating a 9.89% upward movement from the same quarter last year.
DXPE's full-year Zacks Consensus Estimates are calling for earnings of $6.2 per share and revenue of $2.22 billion. These results would represent year-over-year changes of +14.39% and +10.1%, respectively.
Any recent changes to analyst estimates for DXP Enterprises should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about 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, 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 remained unchanged. DXP Enterprises is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, DXP Enterprises is presently being traded at a Forward P/E ratio of 27.11. For comparison, its industry has an average Forward P/E of 25.77, which means DXP Enterprises is trading at a premium to the group.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 77, putting it in the top 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.