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AZZ (AZZ) Registers a Bigger Fall Than the Market: Important Facts to Note
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In the latest trading session, AZZ (AZZ - Free Report) closed at $139.43, marking a -2.84% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.87%. On the other hand, the Dow registered a loss of 1.32%, and the technology-centric Nasdaq decreased by 1%.
The electrical equipment maker's stock has dropped by 4.83% in the past month, falling short of the Industrial Products sector's gain of 0.29% and the S&P 500's gain of 3.48%.
Market participants will be closely following the financial results of AZZ in its upcoming release. It is anticipated that the company will report an EPS of $1.8, marking a 16.13% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $458.04 million, up 9.77% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.93 per share and a revenue of $1.8 billion, representing changes of +11.95% and +9.19%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for AZZ. These recent revisions tend to reflect the evolving nature of short-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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.14% decrease. AZZ currently has a Zacks Rank of #3 (Hold).
With respect to valuation, AZZ is currently being traded at a Forward P/E ratio of 20.71. This valuation marks a discount compared to its industry average Forward P/E of 24.24.
The Manufacturing - Electronics industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 97, this industry ranks in the top 40% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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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AZZ (AZZ) Registers a Bigger Fall Than the Market: Important Facts to Note
In the latest trading session, AZZ (AZZ - Free Report) closed at $139.43, marking a -2.84% move from the previous day. The stock's performance was behind the S&P 500's daily loss of 0.87%. On the other hand, the Dow registered a loss of 1.32%, and the technology-centric Nasdaq decreased by 1%.
The electrical equipment maker's stock has dropped by 4.83% in the past month, falling short of the Industrial Products sector's gain of 0.29% and the S&P 500's gain of 3.48%.
Market participants will be closely following the financial results of AZZ in its upcoming release. It is anticipated that the company will report an EPS of $1.8, marking a 16.13% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $458.04 million, up 9.77% from the year-ago period.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.93 per share and a revenue of $1.8 billion, representing changes of +11.95% and +9.19%, respectively, from the prior year.
Investors should also pay attention to any latest changes in analyst estimates for AZZ. These recent revisions tend to reflect the evolving nature of short-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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 0.14% decrease. AZZ currently has a Zacks Rank of #3 (Hold).
With respect to valuation, AZZ is currently being traded at a Forward P/E ratio of 20.71. This valuation marks a discount compared to its industry average Forward P/E of 24.24.
The Manufacturing - Electronics industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 97, this industry ranks in the top 40% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained 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.