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Superior Group (SGC) Stock Sinks As Market Gains: Here's Why
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Superior Group (SGC - Free Report) ended the recent trading session at $12.62, demonstrating a -1.64% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.7%. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq added 0.83%.
Shares of the uniform maker have depreciated by 0.39% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 4.8%, and outperforming the S&P 500's loss of 1.21%.
Investors will be eagerly watching for the performance of Superior Group in its upcoming earnings disclosure. On that day, Superior Group is projected to report earnings of $0.18 per share, which would represent no growth from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $143.53 million, showing a 3.65% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.64 per share and revenue of $583.79 million, which would represent changes of +39.13% and +3.11%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Superior Group. These revisions help to show the ever-changing nature 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 shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Superior Group presently features a Zacks Rank of #4 (Sell).
In terms of valuation, Superior Group is presently being traded at a Forward P/E ratio of 20.05. For comparison, its industry has an average Forward P/E of 16.76, which means Superior Group is trading at a premium to the group.
Meanwhile, SGC's PEG ratio is currently 2. 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 Textile - Apparel industry stood at 1.94 at the close of the market yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 184, finds itself in the bottom 26% echelons 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.
To follow SGC in the coming trading sessions, be sure to utilize Zacks.com.
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Superior Group (SGC) Stock Sinks As Market Gains: Here's Why
Superior Group (SGC - Free Report) ended the recent trading session at $12.62, demonstrating a -1.64% change from the preceding day's closing price. The stock's change was less than the S&P 500's daily gain of 0.7%. Elsewhere, the Dow gained 0.28%, while the tech-heavy Nasdaq added 0.83%.
Shares of the uniform maker have depreciated by 0.39% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 4.8%, and outperforming the S&P 500's loss of 1.21%.
Investors will be eagerly watching for the performance of Superior Group in its upcoming earnings disclosure. On that day, Superior Group is projected to report earnings of $0.18 per share, which would represent no growth from the prior-year quarter. Simultaneously, our latest consensus estimate expects the revenue to be $143.53 million, showing a 3.65% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $0.64 per share and revenue of $583.79 million, which would represent changes of +39.13% and +3.11%, respectively, from the prior year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Superior Group. These revisions help to show the ever-changing nature 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 shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Superior Group presently features a Zacks Rank of #4 (Sell).
In terms of valuation, Superior Group is presently being traded at a Forward P/E ratio of 20.05. For comparison, its industry has an average Forward P/E of 16.76, which means Superior Group is trading at a premium to the group.
Meanwhile, SGC's PEG ratio is currently 2. 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 Textile - Apparel industry stood at 1.94 at the close of the market yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry, currently bearing a Zacks Industry Rank of 184, finds itself in the bottom 26% echelons 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.
To follow SGC in the coming trading sessions, be sure to utilize Zacks.com.