In the latest trading session, Spirit Aerosystems (SPR - Free Report) closed at $90.36, marking a -0.14% move from the previous day. This move lagged the S&P 500's daily gain of 0.72%. Meanwhile, the Dow gained 0.55%, and the Nasdaq, a tech-heavy index, added 0.71%.
Heading into today, shares of the aircraft parts maker had lost 7.11% over the past month, outpacing the Aerospace sector's loss of 7.43% and lagging the S&P 500's gain of 0.28% in that time.
SPR will be looking to display strength as it nears its next earnings release. In that report, analysts expect SPR to post earnings of $1.69 per share. This would mark year-over-year growth of 53.64%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.95 billion, up 12.21% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.56 per share and revenue of $8.13 billion. These totals would mark changes of +20.77% and +12.58%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for SPR. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 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. Within the past 30 days, our consensus EPS projection remained stagnant. SPR is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, SPR is currently trading at a Forward P/E ratio of 11.97. Its industry sports an average Forward P/E of 17.85, so we one might conclude that SPR is trading at a discount comparatively.
We can also see that SPR currently has a PEG ratio of 1.54. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Aerospace - Defense Equipment was holding an average PEG ratio of 2.31 at yesterday's closing price.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 17, putting it in the top 7% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.