In the latest trading session, Textainer Group closed at $32.28, marking a +0.47% move from the previous day. This change outpaced the S&P 500's 0.54% loss on the day.
Prior to today's trading, shares of the shipping container leasing company had lost 4.29% over the past month. This has lagged the Transportation sector's loss of 2.73% and the S&P 500's gain of 3.05% in that time.
TGH will be looking to display strength as it nears its next earnings release, which is expected to be August 5, 2021. On that day, TGH is projected to report earnings of $1.19 per share, which would represent year-over-year growth of 325%. Our most recent consensus estimate is calling for quarterly revenue of $193.96 million, up 33.98% from the year-ago period.
TGH's full-year Zacks Consensus Estimates are calling for earnings of $4.68 per share and revenue of $758.17 million. These results would represent year-over-year changes of +187.12% and +26.18%, respectively.
Investors might also notice recent changes to analyst estimates for TGH. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. TGH is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note TGH's current valuation metrics, including its Forward P/E ratio of 6.87. For comparison, its industry has an average Forward P/E of 15.51, which means TGH is trading at a discount to the group.
The Transportation - Equipment and Leasing industry is part of the Transportation sector. This group has a Zacks Industry Rank of 103, putting it in the top 41% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Textainer Group (TGH) Gains As Market Dips: What You Should Know
In the latest trading session, Textainer Group closed at $32.28, marking a +0.47% move from the previous day. This change outpaced the S&P 500's 0.54% loss on the day.
Prior to today's trading, shares of the shipping container leasing company had lost 4.29% over the past month. This has lagged the Transportation sector's loss of 2.73% and the S&P 500's gain of 3.05% in that time.
TGH will be looking to display strength as it nears its next earnings release, which is expected to be August 5, 2021. On that day, TGH is projected to report earnings of $1.19 per share, which would represent year-over-year growth of 325%. Our most recent consensus estimate is calling for quarterly revenue of $193.96 million, up 33.98% from the year-ago period.
TGH's full-year Zacks Consensus Estimates are calling for earnings of $4.68 per share and revenue of $758.17 million. These results would represent year-over-year changes of +187.12% and +26.18%, respectively.
Investors might also notice recent changes to analyst estimates for TGH. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. TGH is holding a Zacks Rank of #5 (Strong Sell) right now.
Investors should also note TGH's current valuation metrics, including its Forward P/E ratio of 6.87. For comparison, its industry has an average Forward P/E of 15.51, which means TGH is trading at a discount to the group.
The Transportation - Equipment and Leasing industry is part of the Transportation sector. This group has a Zacks Industry Rank of 103, putting it in the top 41% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.