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Griffon (GFF) Stock Declines While Market Improves: Some Information for Investors
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Griffon (GFF - Free Report) closed at $102.20 in the latest trading session, marking a -1.85% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.37%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq gained 0.83%.
Shares of the garage door and building products maker witnessed a gain of 10.67% over the previous month, beating the performance of the Conglomerates sector with its gain of 5.11%, and the S&P 500's loss of 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Griffon in its upcoming earnings disclosure. On that day, Griffon is projected to report earnings of $1.59 per share, which would represent year-over-year growth of 3.25%. Alongside, our most recent consensus estimate is anticipating revenue of $481.08 million, indicating a 27.35% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.4 per share and a revenue of $1.84 billion, signifying shifts of -4.42% and -27.04%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Griffon. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Over the past month, there's been a 1.31% fall in the Zacks Consensus EPS estimate. Griffon is holding a Zacks Rank of #4 (Sell) right now.
Looking at valuation, Griffon is presently trading at a Forward P/E ratio of 17.06. This valuation marks a premium compared to its industry average Forward P/E of 12.44.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 73, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
View the Zacks #1 Rank List
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Griffon (GFF) Stock Declines While Market Improves: Some Information for Investors
Griffon (GFF - Free Report) closed at $102.20 in the latest trading session, marking a -1.85% move from the prior day. The stock's change was less than the S&P 500's daily gain of 0.37%. At the same time, the Dow lost 0.38%, and the tech-heavy Nasdaq gained 0.83%.
Shares of the garage door and building products maker witnessed a gain of 10.67% over the previous month, beating the performance of the Conglomerates sector with its gain of 5.11%, and the S&P 500's loss of 2.29%.
Analysts and investors alike will be keeping a close eye on the performance of Griffon in its upcoming earnings disclosure. On that day, Griffon is projected to report earnings of $1.59 per share, which would represent year-over-year growth of 3.25%. Alongside, our most recent consensus estimate is anticipating revenue of $481.08 million, indicating a 27.35% downward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.4 per share and a revenue of $1.84 billion, signifying shifts of -4.42% and -27.04%, respectively, from the last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Griffon. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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. Over the past month, there's been a 1.31% fall in the Zacks Consensus EPS estimate. Griffon is holding a Zacks Rank of #4 (Sell) right now.
Looking at valuation, Griffon is presently trading at a Forward P/E ratio of 17.06. This valuation marks a premium compared to its industry average Forward P/E of 12.44.
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 73, which puts it in the top 30% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.