Keysight (KEYS - Free Report) closed the most recent trading day at $86.42, moving -1.95% from the previous trading session. This move lagged the S&P 500's daily loss of 1.65%. Elsewhere, the Dow lost 1.79%, while the tech-heavy Nasdaq lost 1.96%.
Heading into today, shares of the electronic measurement technology company had lost 1.9% over the past month, lagging the Computer and Technology sector's gain of 1.89% and the S&P 500's gain of 1.53% in that time.
Wall Street will be looking for positivity from KEYS as it approaches its next earnings report date. The company is expected to report EPS of $0.98, up 18.07% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.07 billion, up 8.55% from the year-ago period.
KEYS's full-year Zacks Consensus Estimates are calling for earnings of $3.98 per share and revenue of $4.24 billion. These results would represent year-over-year changes of +22.84% and +9.34%, respectively.
Investors might also notice recent changes to analyst estimates for KEYS. 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.
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. Within the past 30 days, our consensus EPS projection remained stagnant. KEYS currently has a Zacks Rank of #3 (Hold).
In terms of valuation, KEYS is currently trading at a Forward P/E ratio of 22.15. Its industry sports an average Forward P/E of 16.24, so we one might conclude that KEYS is trading at a premium comparatively.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 100, putting it in the top 40% 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.