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A.O. Smith (AOS) Dips More Than Broader Markets: What You Should Know
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A.O. Smith (AOS - Free Report) closed the most recent trading day at $66.25, moving -1.82% from the previous trading session. This change lagged the S&P 500's 0.63% loss on the day. Elsewhere, the Dow lost 0.19%, while the tech-heavy Nasdaq lost 0.34%.
Coming into today, shares of the maker of water heaters and boilers had gained 1.28% in the past month. In that same time, the Industrial Products sector gained 5.18%, while the S&P 500 gained 6.02%.
Investors will be hoping for strength from A.O. Smith as it approaches its next earnings release. The company is expected to report EPS of $0.76, up 26.67% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $970.22 million, up 26.17% from the year-ago period.
AOS's full-year Zacks Consensus Estimates are calling for earnings of $3.55 per share and revenue of $4.14 billion. These results would represent year-over-year changes of +19.93% and +16.93%, respectively.
Investors should also note any recent changes to analyst estimates for A.O. Smith. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 remained stagnant. A.O. Smith is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, A.O. Smith is currently trading at a Forward P/E ratio of 19.01. This valuation marks a discount compared to its industry's average Forward P/E of 21.66.
It is also worth noting that AOS currently has a PEG ratio of 2.11. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Electronics was holding an average PEG ratio of 1.72 at yesterday's closing price.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 96, putting it in the top 38% 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.
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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A.O. Smith (AOS) Dips More Than Broader Markets: What You Should Know
A.O. Smith (AOS - Free Report) closed the most recent trading day at $66.25, moving -1.82% from the previous trading session. This change lagged the S&P 500's 0.63% loss on the day. Elsewhere, the Dow lost 0.19%, while the tech-heavy Nasdaq lost 0.34%.
Coming into today, shares of the maker of water heaters and boilers had gained 1.28% in the past month. In that same time, the Industrial Products sector gained 5.18%, while the S&P 500 gained 6.02%.
Investors will be hoping for strength from A.O. Smith as it approaches its next earnings release. The company is expected to report EPS of $0.76, up 26.67% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $970.22 million, up 26.17% from the year-ago period.
AOS's full-year Zacks Consensus Estimates are calling for earnings of $3.55 per share and revenue of $4.14 billion. These results would represent year-over-year changes of +19.93% and +16.93%, respectively.
Investors should also note any recent changes to analyst estimates for A.O. Smith. These revisions typically reflect the latest short-term business trends, which can change frequently. 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 remained stagnant. A.O. Smith is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, A.O. Smith is currently trading at a Forward P/E ratio of 19.01. This valuation marks a discount compared to its industry's average Forward P/E of 21.66.
It is also worth noting that AOS currently has a PEG ratio of 2.11. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Manufacturing - Electronics was holding an average PEG ratio of 1.72 at yesterday's closing price.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 96, putting it in the top 38% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.