inTest (INTT - Free Report) closed the most recent trading day at $7.45, moving -1.72% from the previous trading session. This move lagged the S&P 500's daily gain of 0.22%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 0.16%.
Prior to today's trading, shares of the company had gained 20.7% over the past month. This has outpaced the Computer and Technology sector's loss of 0.37% and the S&P 500's gain of 0.49% in that time.
INTT will be looking to display strength as it nears its next earnings release, which is expected to be March 14, 2019. On that day, INTT is projected to report earnings of $0.21 per share, which would represent a year-over-year decline of 32.26%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $18.41 million, down 4.99% from the year-ago period.
It is also important to note the recent changes to analyst estimates for INTT. 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 company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 5.21% higher within the past month. INTT is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that INTT has a Forward P/E ratio of 7.51 right now. This valuation marks a discount compared to its industry's average Forward P/E of 11.08.
We can also see that INTT currently has a PEG ratio of 0.75. 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. The Electronics - Measuring Instruments was holding an average PEG ratio of 0.75 at yesterday's closing price.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 21, 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.
You can find more information on all of these metrics, and much more, on Zacks.com.