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Powell Industries (POWL) Stock Falls Amid Market Uptick: What Investors Need to Know
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Powell Industries (POWL - Free Report) closed at $189.55 in the latest trading session, marking a -1.08% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.51% for the day. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.48%.
Prior to today's trading, shares of the energy equipment company had lost 0.48% was narrower than the Industrial Products sector's loss of 1.4% and lagged the S&P 500's gain of 0.74%.
The investment community will be closely monitoring the performance of Powell Industries in its forthcoming earnings report. On that day, Powell Industries is projected to report earnings of $1.52 per share, which would represent year-over-year growth of 7.8%. Alongside, our most recent consensus estimate is anticipating revenue of $328.35 million, indicating a 10.19% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $5.36 per share and a revenue of $1.19 billion, demonstrating changes of +8.28% and +7.57%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Powell Industries. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Powell Industries possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Powell Industries is currently trading at a Forward P/E ratio of 35.75. This expresses a premium compared to the average Forward P/E of 24.25 of its industry.
Also, we should mention that POWL has a PEG ratio of 2.55. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Manufacturing - Electronics industry held an average PEG ratio of 1.63.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Powell Industries (POWL) Stock Falls Amid Market Uptick: What Investors Need to Know
Powell Industries (POWL - Free Report) closed at $189.55 in the latest trading session, marking a -1.08% move from the prior day. The stock fell short of the S&P 500, which registered a gain of 0.51% for the day. Meanwhile, the Dow gained 0.93%, and the Nasdaq, a tech-heavy index, added 0.48%.
Prior to today's trading, shares of the energy equipment company had lost 0.48% was narrower than the Industrial Products sector's loss of 1.4% and lagged the S&P 500's gain of 0.74%.
The investment community will be closely monitoring the performance of Powell Industries in its forthcoming earnings report. On that day, Powell Industries is projected to report earnings of $1.52 per share, which would represent year-over-year growth of 7.8%. Alongside, our most recent consensus estimate is anticipating revenue of $328.35 million, indicating a 10.19% upward movement from the same quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $5.36 per share and a revenue of $1.19 billion, demonstrating changes of +8.28% and +7.57%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Powell Industries. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Right now, Powell Industries possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Powell Industries is currently trading at a Forward P/E ratio of 35.75. This expresses a premium compared to the average Forward P/E of 24.25 of its industry.
Also, we should mention that POWL has a PEG ratio of 2.55. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. As of the close of trade yesterday, the Manufacturing - Electronics industry held an average PEG ratio of 1.63.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 60, which puts it in the top 25% of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.