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Griffon (GFF) Suffers a Larger Drop Than the General Market: Key Insights
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In the latest trading session, Griffon (GFF - Free Report) closed at $104.38, marking a -2.24% move from the previous day. This change lagged the S&P 500's 0.38% loss on the day. Elsewhere, the Dow lost 0.3%, while the tech-heavy Nasdaq lost 0.74%.
Heading into today, shares of the garage door and building products maker had gained 18.98% over the past month, outpacing the Conglomerates sector's gain of 10.66% and the S&P 500's loss of 3.31%.
The investment community will be closely monitoring the performance of Griffon in its forthcoming earnings report. The company is predicted to post an EPS of $1.59, indicating a 3.25% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $481.08 million, indicating a 27.35% decline compared to the corresponding quarter of the prior year.
GFF's full-year Zacks Consensus Estimates are calling for earnings of $5.4 per share and revenue of $1.84 billion. These results would represent year-over-year changes of -4.42% and -27.04%, respectively.
Investors should also note any recent changes to analyst estimates for Griffon. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Griffon boasts a Zacks Rank of #4 (Sell).
In terms of valuation, Griffon is currently trading at a Forward P/E ratio of 17.49. This expresses a premium compared to the average Forward P/E of 13.03 of its industry.
The Diversified Operations industry is part of the Conglomerates sector. With its current Zacks Industry Rank of 75, this industry ranks in the top 31% of all industries, numbering over 250.
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.
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) Suffers a Larger Drop Than the General Market: Key Insights
In the latest trading session, Griffon (GFF - Free Report) closed at $104.38, marking a -2.24% move from the previous day. This change lagged the S&P 500's 0.38% loss on the day. Elsewhere, the Dow lost 0.3%, while the tech-heavy Nasdaq lost 0.74%.
Heading into today, shares of the garage door and building products maker had gained 18.98% over the past month, outpacing the Conglomerates sector's gain of 10.66% and the S&P 500's loss of 3.31%.
The investment community will be closely monitoring the performance of Griffon in its forthcoming earnings report. The company is predicted to post an EPS of $1.59, indicating a 3.25% growth compared to the equivalent quarter last year. In the meantime, our current consensus estimate forecasts the revenue to be $481.08 million, indicating a 27.35% decline compared to the corresponding quarter of the prior year.
GFF's full-year Zacks Consensus Estimates are calling for earnings of $5.4 per share and revenue of $1.84 billion. These results would represent year-over-year changes of -4.42% and -27.04%, respectively.
Investors should also note any recent changes to analyst estimates for Griffon. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. At present, Griffon boasts a Zacks Rank of #4 (Sell).
In terms of valuation, Griffon is currently trading at a Forward P/E ratio of 17.49. This expresses a premium compared to the average Forward P/E of 13.03 of its industry.
The Diversified Operations industry is part of the Conglomerates sector. With its current Zacks Industry Rank of 75, this industry ranks in the top 31% of all industries, numbering over 250.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.