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Powell Industries (POWL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Powell Industries (POWL - Free Report) ended the recent trading session at $235.79, demonstrating a -4.54% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.51%. Meanwhile, the Dow lost 0.2%, and the Nasdaq, a tech-heavy index, lost 1.47%.
The energy equipment company's stock has dropped by 15.99% in the past month, falling short of the Industrial Products sector's loss of 0.95% and the S&P 500's gain of 0.53%.
The investment community will be paying close attention to the earnings performance of Powell Industries in its upcoming release. The company is predicted to post an EPS of $1.49, indicating a 12.88% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $318.25 million, up 11.17% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.47 per share and a revenue of $1.2 billion, signifying shifts of +10.51% and +8.73%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Powell Industries. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, 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 has remained steady. Powell Industries presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Powell Industries is presently being traded at a Forward P/E ratio of 45.16. This signifies a premium in comparison to the average Forward P/E of 22.77 for its industry.
We can additionally observe that POWL currently boasts a PEG ratio of 3.23. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Manufacturing - Electronics industry stood at 1.68 at the close of the market yesterday.
The Manufacturing - Electronics industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 161, this industry ranks in the bottom 35% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Powell Industries (POWL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Powell Industries (POWL - Free Report) ended the recent trading session at $235.79, demonstrating a -4.54% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.51%. Meanwhile, the Dow lost 0.2%, and the Nasdaq, a tech-heavy index, lost 1.47%.
The energy equipment company's stock has dropped by 15.99% in the past month, falling short of the Industrial Products sector's loss of 0.95% and the S&P 500's gain of 0.53%.
The investment community will be paying close attention to the earnings performance of Powell Industries in its upcoming release. The company is predicted to post an EPS of $1.49, indicating a 12.88% growth compared to the equivalent quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $318.25 million, up 11.17% from the year-ago period.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.47 per share and a revenue of $1.2 billion, signifying shifts of +10.51% and +8.73%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for Powell Industries. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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, 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 has remained steady. Powell Industries presently features a Zacks Rank of #3 (Hold).
In terms of valuation, Powell Industries is presently being traded at a Forward P/E ratio of 45.16. This signifies a premium in comparison to the average Forward P/E of 22.77 for its industry.
We can additionally observe that POWL currently boasts a PEG ratio of 3.23. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Manufacturing - Electronics industry stood at 1.68 at the close of the market yesterday.
The Manufacturing - Electronics industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 161, this industry ranks in the bottom 35% of all industries, numbering over 250.
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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.