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Superior Group (SGC) Stock Sinks As Market Gains: Here's Why
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Superior Group (SGC - Free Report) closed the most recent trading day at $12.83, moving -1.61% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.72%. On the other hand, the Dow registered a gain of 0.3%, and the technology-centric Nasdaq increased by 1.12%.
The stock of uniform maker has risen by 1.72% in the past month, lagging the Consumer Discretionary sector's gain of 2.31% and overreaching the S&P 500's loss of 0.9%.
Investors will be eagerly watching for the performance of Superior Group in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.09, reflecting a 10% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $143.4 million, indicating a 0.45% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $0.59 per share and a revenue of $577.37 million, demonstrating changes of +28.26% and +1.98%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Superior Group. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Superior Group is holding a Zacks Rank of #2 (Buy) right now.
From a valuation perspective, Superior Group is currently exchanging hands at a Forward P/E ratio of 22.23. This signifies a premium in comparison to the average Forward P/E of 15.66 for its industry.
We can also see that SGC currently has a PEG ratio of 2.22. 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. The Textile - Apparel industry had an average PEG ratio of 2.16 as trading concluded yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Superior Group (SGC) Stock Sinks As Market Gains: Here's Why
Superior Group (SGC - Free Report) closed the most recent trading day at $12.83, moving -1.61% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.72%. On the other hand, the Dow registered a gain of 0.3%, and the technology-centric Nasdaq increased by 1.12%.
The stock of uniform maker has risen by 1.72% in the past month, lagging the Consumer Discretionary sector's gain of 2.31% and overreaching the S&P 500's loss of 0.9%.
Investors will be eagerly watching for the performance of Superior Group in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.09, reflecting a 10% decrease from the same quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $143.4 million, indicating a 0.45% decline compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates project earnings of $0.59 per share and a revenue of $577.37 million, demonstrating changes of +28.26% and +1.98%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Superior Group. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Superior Group is holding a Zacks Rank of #2 (Buy) right now.
From a valuation perspective, Superior Group is currently exchanging hands at a Forward P/E ratio of 22.23. This signifies a premium in comparison to the average Forward P/E of 15.66 for its industry.
We can also see that SGC currently has a PEG ratio of 2.22. 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. The Textile - Apparel industry had an average PEG ratio of 2.16 as trading concluded yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. Currently, this industry holds a Zacks Industry Rank of 188, positioning it in the bottom 24% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.