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Powell Industries (POWL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Powell Industries (POWL - Free Report) ended the recent trading session at $156.26, demonstrating a -7.25% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 1.82%. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq lost 2.86%.
Prior to today's trading, shares of the energy equipment company had lost 11.61% lagged the Industrial Products sector's loss of 3.82% and the S&P 500's gain of 0.71%.
Market participants will be closely following the financial results of Powell Industries in its upcoming release. In that report, analysts expect Powell Industries to post earnings of $1.52 per share. This would mark year-over-year growth of 7.8%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $328.35 million, up 10.19% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.36 per share and revenue of $1.19 billion, which would represent changes of +8.28% and +7.57%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Powell Industries. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Powell Industries presently features a Zacks Rank of #4 (Sell).
In terms of valuation, Powell Industries is presently being traded at a Forward P/E ratio of 24.52. This expresses a premium compared to the average Forward P/E of 23.6 of its industry.
Investors should also note that POWL has a PEG ratio of 1.75 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Manufacturing - Electronics stocks are, on average, holding a PEG ratio of 1.57 based on yesterday's closing prices.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 103, which puts it in the top 42% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Powell Industries (POWL) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Powell Industries (POWL - Free Report) ended the recent trading session at $156.26, demonstrating a -7.25% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily loss of 1.82%. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq lost 2.86%.
Prior to today's trading, shares of the energy equipment company had lost 11.61% lagged the Industrial Products sector's loss of 3.82% and the S&P 500's gain of 0.71%.
Market participants will be closely following the financial results of Powell Industries in its upcoming release. In that report, analysts expect Powell Industries to post earnings of $1.52 per share. This would mark year-over-year growth of 7.8%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $328.35 million, up 10.19% from the year-ago period.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.36 per share and revenue of $1.19 billion, which would represent changes of +8.28% and +7.57%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Powell Industries. Such recent modifications usually signify the changing landscape of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Powell Industries presently features a Zacks Rank of #4 (Sell).
In terms of valuation, Powell Industries is presently being traded at a Forward P/E ratio of 24.52. This expresses a premium compared to the average Forward P/E of 23.6 of its industry.
Investors should also note that POWL has a PEG ratio of 1.75 right now. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. Manufacturing - Electronics stocks are, on average, holding a PEG ratio of 1.57 based on yesterday's closing prices.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 103, which puts it in the top 42% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.