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AZZ (AZZ) Ascends While Market Falls: Some Facts to Note
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AZZ (AZZ - Free Report) closed the most recent trading day at $134.22, moving +1.31% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.35%. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.39%.
The electrical equipment maker's shares have seen a decrease of 3.76% over the last month, not keeping up with the Industrial Products sector's loss of 2.25% and the S&P 500's loss of 2.42%.
The investment community will be paying close attention to the earnings performance of AZZ in its upcoming release. In that report, analysts expect AZZ to post earnings of $1.82 per share. This would mark year-over-year growth of 19.74%. Alongside, our most recent consensus estimate is anticipating revenue of $473.48 million, indicating a 11.21% upward movement from the same quarter last year.
AZZ's full-year Zacks Consensus Estimates are calling for earnings of $7.16 per share and revenue of $1.84 billion. These results would represent year-over-year changes of +15.67% and +11.68%, respectively.
Investors should also note any recent changes to analyst estimates for AZZ. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.49% higher. At present, AZZ boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, AZZ is holding a Forward P/E ratio of 18.5. Its industry sports an average Forward P/E of 22.05, so one might conclude that AZZ is trading at a discount comparatively.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 28% 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.
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AZZ (AZZ) Ascends While Market Falls: Some Facts to Note
AZZ (AZZ - Free Report) closed the most recent trading day at $134.22, moving +1.31% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.35%. At the same time, the Dow lost 0.36%, and the tech-heavy Nasdaq lost 0.39%.
The electrical equipment maker's shares have seen a decrease of 3.76% over the last month, not keeping up with the Industrial Products sector's loss of 2.25% and the S&P 500's loss of 2.42%.
The investment community will be paying close attention to the earnings performance of AZZ in its upcoming release. In that report, analysts expect AZZ to post earnings of $1.82 per share. This would mark year-over-year growth of 19.74%. Alongside, our most recent consensus estimate is anticipating revenue of $473.48 million, indicating a 11.21% upward movement from the same quarter last year.
AZZ's full-year Zacks Consensus Estimates are calling for earnings of $7.16 per share and revenue of $1.84 billion. These results would represent year-over-year changes of +15.67% and +11.68%, respectively.
Investors should also note any recent changes to analyst estimates for AZZ. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 1.49% higher. At present, AZZ boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, AZZ is holding a Forward P/E ratio of 18.5. Its industry sports an average Forward P/E of 22.05, so one might conclude that AZZ is trading at a discount comparatively.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 179, which puts it in the bottom 28% 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.