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Axon Enterprise (AXON) Stock Sinks As Market Gains: What You Should Know
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Axon Enterprise (AXON - Free Report) ended the recent trading session at $430.11, demonstrating a -3.35% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.51%. Elsewhere, the Dow gained 0.93%, while the tech-heavy Nasdaq added 0.48%.
Coming into today, shares of the maker of stun guns and body cameras had lost 27.19% in the past month. In that same time, the Aerospace sector lost 8.01%, while the S&P 500 gained 0.74%.
The upcoming earnings release of Axon Enterprise will be of great interest to investors. The company is predicted to post an EPS of $1.94, indicating a 65.81% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $935.35 million, indicating a 31.62% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.88 per share and revenue of $3.68 billion. These totals would mark changes of +15.04% and +32.42%, respectively, from last year.
Any recent changes to analyst estimates for Axon Enterprise should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, 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 past month, the Zacks Consensus EPS estimate has shifted 3.67% upward. Axon Enterprise currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Axon Enterprise is holding a Forward P/E ratio of 56.45. This valuation marks a premium compared to its industry average Forward P/E of 34.44.
It's also important to note that AXON currently trades at a PEG ratio of 2.25. 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 Aerospace - Defense Equipment industry stood at 2.17 at the close of the market yesterday.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 51, positioning it in the top 21% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AXON in the coming trading sessions, be sure to utilize Zacks.com.
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Axon Enterprise (AXON) Stock Sinks As Market Gains: What You Should Know
Axon Enterprise (AXON - Free Report) ended the recent trading session at $430.11, demonstrating a -3.35% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.51%. Elsewhere, the Dow gained 0.93%, while the tech-heavy Nasdaq added 0.48%.
Coming into today, shares of the maker of stun guns and body cameras had lost 27.19% in the past month. In that same time, the Aerospace sector lost 8.01%, while the S&P 500 gained 0.74%.
The upcoming earnings release of Axon Enterprise will be of great interest to investors. The company is predicted to post an EPS of $1.94, indicating a 65.81% growth compared to the equivalent quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $935.35 million, indicating a 31.62% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $7.88 per share and revenue of $3.68 billion. These totals would mark changes of +15.04% and +32.42%, respectively, from last year.
Any recent changes to analyst estimates for Axon Enterprise should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending 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, 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 past month, the Zacks Consensus EPS estimate has shifted 3.67% upward. Axon Enterprise currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Axon Enterprise is holding a Forward P/E ratio of 56.45. This valuation marks a premium compared to its industry average Forward P/E of 34.44.
It's also important to note that AXON currently trades at a PEG ratio of 2.25. 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 Aerospace - Defense Equipment industry stood at 2.17 at the close of the market yesterday.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 51, positioning it in the top 21% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow AXON in the coming trading sessions, be sure to utilize Zacks.com.