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Axon Enterprise (AXON) Rises As Market Takes a Dip: Key Facts
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In the latest trading session, Axon Enterprise (AXON - Free Report) closed at $417.31, marking a +2.79% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.47%. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 1.25%.
Shares of the maker of stun guns and body cameras witnessed a loss of 17.14% over the previous month, trailing the performance of the Aerospace sector with its loss of 10.41%, and the S&P 500's gain of 1.15%.
The investment community will be closely monitoring the performance of Axon Enterprise in its forthcoming earnings report. 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%. Our most recent consensus estimate is calling for quarterly revenue of $935.35 million, up 31.62% from the year-ago period.
AXON's full-year Zacks Consensus Estimates are calling for earnings of $7.88 per share and revenue of $3.68 billion. These results would represent year-over-year changes of +15.04% and +32.42%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Axon Enterprise. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Axon Enterprise presently features a Zacks Rank of #2 (Buy).
With respect to valuation, Axon Enterprise is currently being traded at a Forward P/E ratio of 51.5. This expresses a premium compared to the average Forward P/E of 31.9 of its industry.
Investors should also note that AXON has a PEG ratio of 2.05 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Aerospace - Defense Equipment industry held an average PEG ratio of 2.05.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 24, finds itself in the top 10% echelons 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
View the Zacks #1 Rank List
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Axon Enterprise (AXON) Rises As Market Takes a Dip: Key Facts
In the latest trading session, Axon Enterprise (AXON - Free Report) closed at $417.31, marking a +2.79% move from the previous day. The stock's performance was ahead of the S&P 500's daily loss of 0.47%. Elsewhere, the Dow saw an upswing of 0.1%, while the tech-heavy Nasdaq depreciated by 1.25%.
Shares of the maker of stun guns and body cameras witnessed a loss of 17.14% over the previous month, trailing the performance of the Aerospace sector with its loss of 10.41%, and the S&P 500's gain of 1.15%.
The investment community will be closely monitoring the performance of Axon Enterprise in its forthcoming earnings report. 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%. Our most recent consensus estimate is calling for quarterly revenue of $935.35 million, up 31.62% from the year-ago period.
AXON's full-year Zacks Consensus Estimates are calling for earnings of $7.88 per share and revenue of $3.68 billion. These results would represent year-over-year changes of +15.04% and +32.42%, respectively.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Axon Enterprise. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Axon Enterprise presently features a Zacks Rank of #2 (Buy).
With respect to valuation, Axon Enterprise is currently being traded at a Forward P/E ratio of 51.5. This expresses a premium compared to the average Forward P/E of 31.9 of its industry.
Investors should also note that AXON has a PEG ratio of 2.05 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. As of the close of trade yesterday, the Aerospace - Defense Equipment industry held an average PEG ratio of 2.05.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This industry, currently bearing a Zacks Industry Rank of 24, finds itself in the top 10% echelons 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.