Kemet (KEM - Free Report) closed at $16.60 in the latest trading session, marking a +0.36% move from the prior day. This change outpaced the S&P 500's 0.21% gain on the day. At the same time, the Dow added 0.17%, and the tech-heavy Nasdaq gained 0.27%.
Heading into today, shares of the electronic capacitor maker had lost 5.92% over the past month, outpacing the Computer and Technology sector's loss of 8.68% and lagging the S&P 500's loss of 5.26% in that time.
Wall Street will be looking for positivity from KEM as it approaches its next earnings report date. On that day, KEM is projected to report earnings of $0.75 per share, which would represent year-over-year growth of 36.36%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $343.47 million, up 4.84% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.11 per share and revenue of $1.39 billion, which would represent changes of -12.15% and +0.78%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for KEM. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection has moved 20.36% lower. KEM currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, KEM is holding a Forward P/E ratio of 5.31. This represents a discount compared to its industry's average Forward P/E of 16.44.
The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 104, which puts it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
You can find more information on all of these metrics, and much more, on Zacks.com.