inTest (INTT - Free Report) closed at $7.04 in the latest trading session, marking a +1.29% move from the prior day. This change outpaced the S&P 500's 1.09% gain on the day. Elsewhere, the Dow gained 1.13%, while the tech-heavy Nasdaq added 1.51%.
Heading into today, shares of the company had lost 5.7% over the past month, lagging the Computer and Technology sector's loss of 0.28% and the S&P 500's gain of 1.92% in that time.
Wall Street will be looking for positivity from INTT as it approaches its next earnings report date. This is expected to be March 14, 2019. The company is expected to report EPS of $0.18, down 41.94% from the prior-year quarter.
Any recent changes to analyst estimates for INTT should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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 3.03% higher. INTT currently has a Zacks Rank of #1 (Strong Buy).
Digging into valuation, INTT currently has a Forward P/E ratio of 6.81. For comparison, its industry has an average Forward P/E of 14.13, which means INTT is trading at a discount to the group.
Investors should also note that INTT has a PEG ratio of 0.68 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Electronics - Measuring Instruments stocks are, on average, holding a PEG ratio of 0.81 based on yesterday's closing prices.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 9% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow INTT in the coming trading sessions, be sure to utilize Zacks.com.