inTest (INTT - Free Report) closed at $7.23 in the latest trading session, marking a +0.84% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.5%. Elsewhere, the Dow gained 0.54%, while the tech-heavy Nasdaq added 0.76%.
Heading into today, shares of the company had lost 4.65% over the past month, lagging the Computer and Technology sector's gain of 3.93% and the S&P 500's gain of 2.53% in that time.
INTT will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.16, down 27.27% 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. With this in mind, we can consider positive estimate revisions a sign of optimism about 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 6.25% lower within the past month. INTT is currently sporting a Zacks Rank of #4 (Sell).
Digging into valuation, INTT currently has a Forward P/E ratio of 7.97. This represents a discount compared to its industry's average Forward P/E of 12.55.
Meanwhile, INTT's PEG ratio is currently 0.8. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Electronics - Measuring Instruments industry currently had an average PEG ratio of 0.68 as of yesterday's close.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 35% of all 250+ industries.
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.