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Why AZZ (AZZ) Dipped More Than Broader Market Today
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In the latest trading session, AZZ (AZZ - Free Report) closed at $156.64, marking a -2.2% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.05%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 0.24%.
Coming into today, shares of the electrical equipment maker had gained 14.28% in the past month. In that same time, the Industrial Products sector gained 11.11%, while the S&P 500 lost 1.42%.
The upcoming earnings release of AZZ will be of great interest to investors. The company's earnings report is expected on July 8, 2026. On that day, AZZ is projected to report earnings of $1.63 per share, which would represent a year-over-year decline of 8.43%. Meanwhile, the latest consensus estimate predicts the revenue to be $435.55 million, indicating a 3.22% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.79 per share and revenue of $1.75 billion, indicating changes of +9.69% and +5.98%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for AZZ. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. AZZ is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, AZZ is currently exchanging hands at a Forward P/E ratio of 23.61. This expresses a discount compared to the average Forward P/E of 23.76 of its industry.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 41% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Why AZZ (AZZ) Dipped More Than Broader Market Today
In the latest trading session, AZZ (AZZ - Free Report) closed at $156.64, marking a -2.2% move from the previous day. The stock's change was less than the S&P 500's daily loss of 0.05%. At the same time, the Dow lost 0.09%, and the tech-heavy Nasdaq lost 0.24%.
Coming into today, shares of the electrical equipment maker had gained 14.28% in the past month. In that same time, the Industrial Products sector gained 11.11%, while the S&P 500 lost 1.42%.
The upcoming earnings release of AZZ will be of great interest to investors. The company's earnings report is expected on July 8, 2026. On that day, AZZ is projected to report earnings of $1.63 per share, which would represent a year-over-year decline of 8.43%. Meanwhile, the latest consensus estimate predicts the revenue to be $435.55 million, indicating a 3.22% increase compared to the same quarter of the previous year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $6.79 per share and revenue of $1.75 billion, indicating changes of +9.69% and +5.98%, respectively, compared to the previous year.
Investors should also take note of any recent adjustments to analyst estimates for AZZ. These revisions help to show the ever-changing nature of near-term business trends. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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, 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. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. AZZ is holding a Zacks Rank of #3 (Hold) right now.
From a valuation perspective, AZZ is currently exchanging hands at a Forward P/E ratio of 23.61. This expresses a discount compared to the average Forward P/E of 23.76 of its industry.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 98, which puts it in the top 41% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.