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Axon Enterprise (AXON) Dips More Than Broader Market: What You Should Know
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In the latest trading session, Axon Enterprise (AXON - Free Report) closed at $410.03, marking a -3.16% move from the previous day. This move lagged the S&P 500's daily loss of 0.37%. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq depreciated by 1.33%.
The maker of stun guns and body cameras's stock has climbed by 9.69% in the past month, exceeding the Aerospace sector's gain of 7.87% and the S&P 500's gain of 2.02%.
The upcoming earnings release of Axon Enterprise will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.91, reflecting a 9.91% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $868.35 million, reflecting a 29.89% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $8.09 per share and a revenue of $3.64 billion, signifying shifts of +18.1% and +30.99%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Axon Enterprise. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Axon Enterprise is carrying a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Axon Enterprise is presently trading at a Forward P/E ratio of 52.34. This signifies a premium in comparison to the average Forward P/E of 39.47 for its industry.
Also, we should mention that AXON has a PEG ratio of 1.74. 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 Aerospace - Defense Equipment industry had an average PEG ratio of 2.27.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 58, positioning it in the top 24% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Axon Enterprise (AXON) Dips More Than Broader Market: What You Should Know
In the latest trading session, Axon Enterprise (AXON - Free Report) closed at $410.03, marking a -3.16% move from the previous day. This move lagged the S&P 500's daily loss of 0.37%. Elsewhere, the Dow saw an upswing of 0.29%, while the tech-heavy Nasdaq depreciated by 1.33%.
The maker of stun guns and body cameras's stock has climbed by 9.69% in the past month, exceeding the Aerospace sector's gain of 7.87% and the S&P 500's gain of 2.02%.
The upcoming earnings release of Axon Enterprise will be of great interest to investors. The company's earnings per share (EPS) are projected to be $1.91, reflecting a 9.91% decrease from the same quarter last year. At the same time, our most recent consensus estimate is projecting a revenue of $868.35 million, reflecting a 29.89% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $8.09 per share and a revenue of $3.64 billion, signifying shifts of +18.1% and +30.99%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Axon Enterprise. These recent revisions tend to reflect the evolving nature of short-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, Axon Enterprise is carrying a Zacks Rank of #1 (Strong Buy).
Looking at valuation, Axon Enterprise is presently trading at a Forward P/E ratio of 52.34. This signifies a premium in comparison to the average Forward P/E of 39.47 for its industry.
Also, we should mention that AXON has a PEG ratio of 1.74. 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 Aerospace - Defense Equipment industry had an average PEG ratio of 2.27.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 58, positioning it in the top 24% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.