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Powell Industries (POWL) Registers a Bigger Fall Than the Market: Important Facts to Note
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Powell Industries (POWL - Free Report) closed at $168.79 in the latest trading session, marking a -7.66% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 1.11%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 1.88%.
Shares of the energy equipment company have appreciated by 6.66% over the course of the past month, outperforming the Industrial Products sector's loss of 1.41%, and the S&P 500's gain of 2.06%.
Analysts and investors alike will be keeping a close eye on the performance of Powell Industries in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.52, signifying a 7.80% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $328.35 million, showing a 10.19% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.36 per share and a revenue of $1.19 billion, representing changes of +8.28% and +7.57%, respectively, from the prior year.
Any recent changes to analyst estimates for Powell Industries should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Powell Industries is currently a Zacks Rank #4 (Sell).
In terms of valuation, Powell Industries is currently trading at a Forward P/E ratio of 26.61. This expresses a premium compared to the average Forward P/E of 24.99 of its industry.
Meanwhile, POWL's PEG ratio is currently 1.9. 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. As of the close of trade yesterday, the Manufacturing - Electronics industry held an average PEG ratio of 1.53.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 195, finds itself in the bottom 21% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
View the Zacks #1 Rank List
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Powell Industries (POWL) Registers a Bigger Fall Than the Market: Important Facts to Note
Powell Industries (POWL - Free Report) closed at $168.79 in the latest trading session, marking a -7.66% move from the prior day. The stock trailed the S&P 500, which registered a daily loss of 1.11%. Meanwhile, the Dow experienced a drop of 0.09%, and the technology-dominated Nasdaq saw a decrease of 1.88%.
Shares of the energy equipment company have appreciated by 6.66% over the course of the past month, outperforming the Industrial Products sector's loss of 1.41%, and the S&P 500's gain of 2.06%.
Analysts and investors alike will be keeping a close eye on the performance of Powell Industries in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.52, signifying a 7.80% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $328.35 million, showing a 10.19% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.36 per share and a revenue of $1.19 billion, representing changes of +8.28% and +7.57%, respectively, from the prior year.
Any recent changes to analyst estimates for Powell Industries should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Powell Industries is currently a Zacks Rank #4 (Sell).
In terms of valuation, Powell Industries is currently trading at a Forward P/E ratio of 26.61. This expresses a premium compared to the average Forward P/E of 24.99 of its industry.
Meanwhile, POWL's PEG ratio is currently 1.9. 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. As of the close of trade yesterday, the Manufacturing - Electronics industry held an average PEG ratio of 1.53.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 195, finds itself in the bottom 21% echelons 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.