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Axon Enterprise (AXON) Suffers a Larger Drop Than the General Market: Key Insights
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Axon Enterprise (AXON - Free Report) ended the recent trading session at $450.61, demonstrating a -1.9% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.76%. Elsewhere, the Dow saw a downswing of 0.68%, while the tech-heavy Nasdaq depreciated by 1.13%.
Heading into today, shares of the maker of stun guns and body cameras had lost 25.1% over the past month, lagging the Aerospace sector's loss of 9% and the S&P 500's gain of 1.26%.
The investment community will be paying close attention to the earnings performance of Axon Enterprise in its upcoming release. The company's earnings per share (EPS) are projected to be $1.94, reflecting a 65.81% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $935.35 million, indicating a 31.62% upward movement from the same quarter last year.
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 might also notice recent changes to analyst estimates for Axon Enterprise. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 3.67% higher within the past month. Axon Enterprise presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Axon Enterprise is currently exchanging hands at a Forward P/E ratio of 58.27. This signifies a premium in comparison to the average Forward P/E of 34.65 for its industry.
One should further note that AXON currently holds a PEG ratio of 2.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Aerospace - Defense Equipment industry had an average PEG ratio of 2.18.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. With its current Zacks Industry Rank of 47, this industry ranks in the top 20% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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) Suffers a Larger Drop Than the General Market: Key Insights
Axon Enterprise (AXON - Free Report) ended the recent trading session at $450.61, demonstrating a -1.9% change from the preceding day's closing price. This move lagged the S&P 500's daily loss of 0.76%. Elsewhere, the Dow saw a downswing of 0.68%, while the tech-heavy Nasdaq depreciated by 1.13%.
Heading into today, shares of the maker of stun guns and body cameras had lost 25.1% over the past month, lagging the Aerospace sector's loss of 9% and the S&P 500's gain of 1.26%.
The investment community will be paying close attention to the earnings performance of Axon Enterprise in its upcoming release. The company's earnings per share (EPS) are projected to be $1.94, reflecting a 65.81% increase from the same quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $935.35 million, indicating a 31.62% upward movement from the same quarter last year.
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 might also notice recent changes to analyst estimates for Axon Enterprise. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate has moved 3.67% higher within the past month. Axon Enterprise presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Axon Enterprise is currently exchanging hands at a Forward P/E ratio of 58.27. This signifies a premium in comparison to the average Forward P/E of 34.65 for its industry.
One should further note that AXON currently holds a PEG ratio of 2.32. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. By the end of yesterday's trading, the Aerospace - Defense Equipment industry had an average PEG ratio of 2.18.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. With its current Zacks Industry Rank of 47, this industry ranks in the top 20% of all industries, numbering over 250.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.