Fuel Tech (FTEK - Free Report) closed at $2.58 in the latest trading session, marking no change from the prior day. This change lagged the S&P 500's daily gain of 0.66%. Meanwhile, the Dow gained 1.03%, and the Nasdaq, a tech-heavy index, added 0.46%.
Heading into today, shares of the maker of air pollution control systems had gained 96.45% over the past month, outpacing the Industrial Products sector's gain of 4.34% and the S&P 500's gain of 3.97% in that time.
Investors will be hoping for strength from FTEK as it approaches its next earnings release. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $13.74 million, up 7.43% from the year-ago period.
Any recent changes to analyst estimates for FTEK should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 400% higher within the past month. FTEK is currently a Zacks Rank #1 (Strong Buy).
Investors should also note FTEK's current valuation metrics, including its Forward P/E ratio of 51.6. This valuation marks a premium compared to its industry's average Forward P/E of 29.7.
The Pollution Control industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 11, which puts it in the top 5% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.