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Fuel Tech (FTEK) Gains As Market Dips: What You Should Know

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Fuel Tech (FTEK - Free Report) closed the most recent trading day at $1.31, moving +1.55% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.13%. Elsewhere, the Dow lost 0.13%, while the tech-heavy Nasdaq lost 0.24%.

Coming into today, shares of the maker of air pollution control systems had lost 18.87% in the past month. In that same time, the Industrial Products sector gained 5.33%, while the S&P 500 gained 4.13%.

Wall Street will be looking for positivity from FTEK as it approaches its next earnings report date. The company is expected to report EPS of -$0.02, up 71.43% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12.11 million, up 2.19% 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 a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. FTEK currently has a Zacks Rank of #3 (Hold).

The Pollution Control industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 177, which puts it in the bottom 31% 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

In-Depth Zacks Research for the Tickers Above

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Fuel Tech, Inc. (FTEK) - free report >>

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