Sunworks, Inc. (SUNW - Free Report) closed the most recent trading day at $0.55, moving -0.4% from the previous trading session. This move lagged the S&P 500's daily gain of 0.46%. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.59%.
Coming into today, shares of the company had gained 7.55% in the past month. In that same time, the Oils-Energy sector gained 1.45%, while the S&P 500 gained 3.24%.
Wall Street will be looking for positivity from SUNW as it approaches its next earnings report date. The company is expected to report EPS of -$0.03, up 57.14% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13 million, down 3.35% from the year-ago period.
SUNW's full-year Zacks Consensus Estimates are calling for earnings of $0.06 per share and revenue of $79 million. These results would represent year-over-year changes of +142.86% and +11.32%, respectively.
Investors should also note any recent changes to analyst estimates for SUNW. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. The Zacks Consensus EPS estimate has moved 120% higher within the past month. SUNW is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, SUNW is currently trading at a Forward P/E ratio of 9.97. This valuation marks a discount compared to its industry's average Forward P/E of 13.88.
Also, we should mention that SUNW has a PEG ratio of 1. 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 Solar industry currently had an average PEG ratio of 0.65 as of yesterday's close.
The Solar industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 58, putting it in the top 23% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.