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Powell Industries (POWL) Exceeds Market Returns: Some Facts to Consider
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Powell Industries (POWL - Free Report) ended the recent trading session at $196.10, demonstrating a +2.89% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.73%. Elsewhere, the Dow saw an upswing of 0.49%, while the tech-heavy Nasdaq appreciated by 1.19%.
Heading into today, shares of the energy equipment company had gained 8.81% over the past month, outpacing the Industrial Products sector's gain of 1.81% and the S&P 500's gain of 0.55%.
Analysts and investors alike will be keeping a close eye on the performance of Powell Industries in its upcoming earnings disclosure. In that report, analysts expect Powell Industries to post earnings of $1.52 per share. This would mark 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 annual period, the Zacks Consensus Estimates anticipate earnings of $5.36 per share and a revenue of $1.19 billion, signifying shifts of +8.28% and +7.57%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Powell Industries. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Powell Industries is currently a Zacks Rank #3 (Hold).
With respect to valuation, Powell Industries is currently being traded at a Forward P/E ratio of 27.74. For comparison, its industry has an average Forward P/E of 23.63, which means Powell Industries is trading at a premium to the group.
It's also important to note that POWL currently trades at a PEG ratio of 1.98. 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. POWL's industry had an average PEG ratio of 1.61 as of yesterday's close.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 83, which puts it in the top 34% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Powell Industries (POWL) Exceeds Market Returns: Some Facts to Consider
Powell Industries (POWL - Free Report) ended the recent trading session at $196.10, demonstrating a +2.89% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.73%. Elsewhere, the Dow saw an upswing of 0.49%, while the tech-heavy Nasdaq appreciated by 1.19%.
Heading into today, shares of the energy equipment company had gained 8.81% over the past month, outpacing the Industrial Products sector's gain of 1.81% and the S&P 500's gain of 0.55%.
Analysts and investors alike will be keeping a close eye on the performance of Powell Industries in its upcoming earnings disclosure. In that report, analysts expect Powell Industries to post earnings of $1.52 per share. This would mark 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 annual period, the Zacks Consensus Estimates anticipate earnings of $5.36 per share and a revenue of $1.19 billion, signifying shifts of +8.28% and +7.57%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Powell Industries. These revisions typically reflect the latest short-term business trends, which can change frequently. Therefore, positive revisions in estimates convey analysts' confidence in the business performance and profit potential.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Powell Industries is currently a Zacks Rank #3 (Hold).
With respect to valuation, Powell Industries is currently being traded at a Forward P/E ratio of 27.74. For comparison, its industry has an average Forward P/E of 23.63, which means Powell Industries is trading at a premium to the group.
It's also important to note that POWL currently trades at a PEG ratio of 1.98. 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. POWL's industry had an average PEG ratio of 1.61 as of yesterday's close.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 83, which puts it in the top 34% of all 250+ industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.