In the latest trading session, Flexible Solutions International (FSI - Free Report) closed at $4.20, marking a +0.72% move from the previous day. This move outpaced the S&P 500's daily gain of 0.3%. Elsewhere, the Dow gained 0.15%, while the tech-heavy Nasdaq added 0.42%.
Coming into today, shares of the company had gained 34.52% in the past month. In that same time, the Basic Materials sector gained 4.7%, while the S&P 500 gained 2.2%.
Wall Street will be looking for positivity from FSI as it approaches its next earnings report date. The company is expected to report EPS of $0.06, up 50% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $8.35 million, up 101.69% from the prior-year quarter.
FSI's full-year Zacks Consensus Estimates are calling for earnings of $0.31 per share and revenue of $32.74 million. These results would represent year-over-year changes of +342.86% and +83.62%, respectively.
Investors should also note any recent changes to analyst estimates for FSI. These revisions help to show the ever-changing nature of near-term business trends. 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. 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.
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 63.16% higher within the past month. FSI is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, FSI is currently trading at a Forward P/E ratio of 13.45. This represents a discount compared to its industry's average Forward P/E of 14.95.
The Chemical - Specialty industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 93, which puts it in the top 37% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.