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Axon Enterprise (AXON) Stock Drops Despite Market Gains: Important Facts to Note
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Axon Enterprise (AXON - Free Report) closed the most recent trading day at $453.50, moving -3.19% from the previous trading session. This change lagged the S&P 500's 1.14% gain on the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.69%.
Prior to today's trading, shares of the maker of stun guns and body cameras had lost 27.46% lagged the Aerospace sector's loss of 14.23% and the S&P 500's loss of 2.85%.
The upcoming earnings release of Axon Enterprise will be of great interest to investors. On that day, Axon Enterprise is projected to report earnings of $1.94 per share, which would represent year-over-year growth of 65.81%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $935.35 million, up 31.62% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.88 per share and revenue of $3.68 billion, which would represent changes of +15.04% and +32.42%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Axon Enterprise. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 3.67% rise in the Zacks Consensus EPS estimate. At present, Axon Enterprise boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Axon Enterprise has a Forward P/E ratio of 56.08 right now. This expresses a premium compared to the average Forward P/E of 33.63 of its industry.
Investors should also note that AXON has a PEG ratio of 2.24 right now. 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 Aerospace - Defense Equipment industry currently had an average PEG ratio of 2.2 as of yesterday's close.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 46, finds itself in the top 19% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
View the Zacks #1 Rank List
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Axon Enterprise (AXON) Stock Drops Despite Market Gains: Important Facts to Note
Axon Enterprise (AXON - Free Report) closed the most recent trading day at $453.50, moving -3.19% from the previous trading session. This change lagged the S&P 500's 1.14% gain on the day. Elsewhere, the Dow gained 0.61%, while the tech-heavy Nasdaq added 1.69%.
Prior to today's trading, shares of the maker of stun guns and body cameras had lost 27.46% lagged the Aerospace sector's loss of 14.23% and the S&P 500's loss of 2.85%.
The upcoming earnings release of Axon Enterprise will be of great interest to investors. On that day, Axon Enterprise is projected to report earnings of $1.94 per share, which would represent year-over-year growth of 65.81%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $935.35 million, up 31.62% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $7.88 per share and revenue of $3.68 billion, which would represent changes of +15.04% and +32.42%, respectively, from the prior year.
Investors should also take note of any recent adjustments to analyst estimates for Axon Enterprise. These revisions help to show the ever-changing nature of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, there's been a 3.67% rise in the Zacks Consensus EPS estimate. At present, Axon Enterprise boasts a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Axon Enterprise has a Forward P/E ratio of 56.08 right now. This expresses a premium compared to the average Forward P/E of 33.63 of its industry.
Investors should also note that AXON has a PEG ratio of 2.24 right now. 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 Aerospace - Defense Equipment industry currently had an average PEG ratio of 2.2 as of yesterday's close.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 46, finds itself in the top 19% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.