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Griffon (GFF) Outperforms Broader Market: What You Need to Know
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In the latest close session, Griffon (GFF - Free Report) was up +2.65% at $100.26. The stock's performance was ahead of the S&P 500's daily gain of 0.6%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq added 1.18%.
The garage door and building products maker's shares have seen an increase of 1.65% over the last month, surpassing the Conglomerates sector's loss of 0.37% and the S&P 500's loss of 0.79%.
Market participants will be closely following the financial results of Griffon in its upcoming release. In that report, analysts expect Griffon to post earnings of $1.59 per share. This would mark year-over-year growth of 3.25%. At the same time, our most recent consensus estimate is projecting a revenue of $481.08 million, reflecting a 27.35% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.4 per share and a revenue of $1.84 billion, representing changes of -4.42% and -27.04%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Griffon. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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. The Zacks Consensus EPS estimate has moved 1.31% lower within the past month. Griffon is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Griffon has a Forward P/E ratio of 16 right now. This valuation marks a premium compared to its industry average Forward P/E of 13.26.
The Diversified Operations industry is part of the Conglomerates sector. This industry, currently bearing a Zacks Industry Rank of 56, finds itself in the top 23% 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.
To follow GFF in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Griffon (GFF) Outperforms Broader Market: What You Need to Know
In the latest close session, Griffon (GFF - Free Report) was up +2.65% at $100.26. The stock's performance was ahead of the S&P 500's daily gain of 0.6%. Elsewhere, the Dow gained 0.03%, while the tech-heavy Nasdaq added 1.18%.
The garage door and building products maker's shares have seen an increase of 1.65% over the last month, surpassing the Conglomerates sector's loss of 0.37% and the S&P 500's loss of 0.79%.
Market participants will be closely following the financial results of Griffon in its upcoming release. In that report, analysts expect Griffon to post earnings of $1.59 per share. This would mark year-over-year growth of 3.25%. At the same time, our most recent consensus estimate is projecting a revenue of $481.08 million, reflecting a 27.35% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $5.4 per share and a revenue of $1.84 billion, representing changes of -4.42% and -27.04%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Griffon. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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. The Zacks Consensus EPS estimate has moved 1.31% lower within the past month. Griffon is currently sporting a Zacks Rank of #4 (Sell).
Valuation is also important, so investors should note that Griffon has a Forward P/E ratio of 16 right now. This valuation marks a premium compared to its industry average Forward P/E of 13.26.
The Diversified Operations industry is part of the Conglomerates sector. This industry, currently bearing a Zacks Industry Rank of 56, finds itself in the top 23% 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.
To follow GFF in the coming trading sessions, be sure to utilize Zacks.com.