Flexible Solutions International (FSI - Free Report) closed the most recent trading day at $3.91, moving +1.3% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.95%. Meanwhile, the Dow lost 0.67%, and the Nasdaq, a tech-heavy index, lost 1.51%.
Heading into today, shares of the company had gained 18.77% over the past month, outpacing the Basic Materials sector's gain of 8.11% and the S&P 500's gain of 4.32% in that time.
FSI will be looking to display strength as it nears its next earnings release. On that day, FSI is projected to report earnings of $0.06 per share, which would represent year-over-year growth of 50%. Our most recent consensus estimate is calling for quarterly revenue of $8.35 million, up 101.69% from the year-ago period.
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.
Any recent changes to analyst estimates for FSI should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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.
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 remained stagnant within the past month. FSI is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, FSI is holding a Forward P/E ratio of 12.45. Its industry sports an average Forward P/E of 16.19, so we one might conclude that FSI is trading at a discount comparatively.
The Chemical - Specialty industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 74, which puts it in the top 29% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow FSI in the coming trading sessions, be sure to utilize Zacks.com.