Airgain (AIRG - Free Report) closed at $16.12 in the latest trading session, marking a +0.91% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.75%. Meanwhile, the Dow lost 0.61%, and the Nasdaq, a tech-heavy index, lost 0.57%.
Coming into today, shares of the antenna products developer had gained 25.45% in the past month. In that same time, the Computer and Technology sector gained 4.99%, while the S&P 500 gained 4%.
AIRG will be looking to display strength as it nears its next earnings release, which is expected to be May 9, 2019. The company is expected to report EPS of $0.04, up 157.14% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $15.05 million, up 13.1% from the year-ago period.
AIRG's full-year Zacks Consensus Estimates are calling for earnings of $0.29 per share and revenue of $68.01 million. These results would represent year-over-year changes of +31.82% and +12.17%, respectively.
Investors should also note any recent changes to analyst estimates for AIRG. These revisions typically reflect the latest short-term business trends, which can change frequently. 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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. AIRG is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note AIRG's current valuation metrics, including its Forward P/E ratio of 55.55. This represents a premium compared to its industry's average Forward P/E of 24.08.
The Communication - Components industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 104, putting it in the top 41% 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.