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Axon Enterprise (AXON) Laps the Stock Market: Here's Why
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Axon Enterprise (AXON - Free Report) ended the recent trading session at $392.53, demonstrating a +2.46% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 1.02%, and the Nasdaq, a tech-heavy index, lost 0.02%.
Prior to today's trading, shares of the maker of stun guns and body cameras had lost 15.26% lagged the Aerospace sector's loss of 4.05% and the S&P 500's gain of 0.67%.
The upcoming earnings release of Axon Enterprise will be of great interest to investors. It is anticipated that the company will report an EPS of $1.94, marking a 65.81% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $934.1 million, indicating a 31.44% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.88 per share and a revenue of $3.68 billion, signifying shifts of +15.04% and +32.26%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Axon Enterprise. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.08% rise in the Zacks Consensus EPS estimate. At present, Axon Enterprise boasts a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Axon Enterprise has a Forward P/E ratio of 48.59 right now. This denotes a premium relative to the industry average Forward P/E of 31.25.
Investors should also note that AXON has a PEG ratio of 1.94 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. Aerospace - Defense Equipment stocks are, on average, holding a PEG ratio of 1.94 based on yesterday's closing prices.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 79, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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) Laps the Stock Market: Here's Why
Axon Enterprise (AXON - Free Report) ended the recent trading session at $392.53, demonstrating a +2.46% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 0.28%. Meanwhile, the Dow gained 1.02%, and the Nasdaq, a tech-heavy index, lost 0.02%.
Prior to today's trading, shares of the maker of stun guns and body cameras had lost 15.26% lagged the Aerospace sector's loss of 4.05% and the S&P 500's gain of 0.67%.
The upcoming earnings release of Axon Enterprise will be of great interest to investors. It is anticipated that the company will report an EPS of $1.94, marking a 65.81% rise compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $934.1 million, indicating a 31.44% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.88 per share and a revenue of $3.68 billion, signifying shifts of +15.04% and +32.26%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for Axon Enterprise. Such recent modifications usually signify the changing landscape of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 0.08% rise in the Zacks Consensus EPS estimate. At present, Axon Enterprise boasts a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Axon Enterprise has a Forward P/E ratio of 48.59 right now. This denotes a premium relative to the industry average Forward P/E of 31.25.
Investors should also note that AXON has a PEG ratio of 1.94 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. Aerospace - Defense Equipment stocks are, on average, holding a PEG ratio of 1.94 based on yesterday's closing prices.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 79, positioning it in the top 33% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within 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.