We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Quanex Building Products (NX) Stock Moves -0.57%: What You Should Know
Read MoreHide Full Article
Quanex Building Products (NX - Free Report) closed the most recent trading day at $22.74, moving -0.57% from the previous trading session. This change was narrower than the S&P 500's 1.15% loss on the day. Elsewhere, the Dow lost 0.52%, while the tech-heavy Nasdaq lost 0.37%.
Coming into today, shares of the housing materials maker had lost 2.89% in the past month. In that same time, the Construction sector lost 9.62%, while the S&P 500 lost 5.08%.
Quanex Building Products will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.62, up 47.62% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $301.1 million, up 7.58% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.35 per share and revenue of $1.19 billion. These totals would mark changes of +34.29% and +11.02%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Quanex Building Products. 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. 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 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. Within the past 30 days, our consensus EPS projection has moved 21.76% higher. Quanex Building Products currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note Quanex Building Products's current valuation metrics, including its Forward P/E ratio of 9.73. For comparison, its industry has an average Forward P/E of 12.39, which means Quanex Building Products is trading at a discount to the group.
The Building Products - Miscellaneous industry is part of the Construction sector. This group has a Zacks Industry Rank of 202, putting it in the bottom 20% 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 NX in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Quanex Building Products (NX) Stock Moves -0.57%: What You Should Know
Quanex Building Products (NX - Free Report) closed the most recent trading day at $22.74, moving -0.57% from the previous trading session. This change was narrower than the S&P 500's 1.15% loss on the day. Elsewhere, the Dow lost 0.52%, while the tech-heavy Nasdaq lost 0.37%.
Coming into today, shares of the housing materials maker had lost 2.89% in the past month. In that same time, the Construction sector lost 9.62%, while the S&P 500 lost 5.08%.
Quanex Building Products will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.62, up 47.62% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $301.1 million, up 7.58% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $2.35 per share and revenue of $1.19 billion. These totals would mark changes of +34.29% and +11.02%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for Quanex Building Products. 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. 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 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. Within the past 30 days, our consensus EPS projection has moved 21.76% higher. Quanex Building Products currently has a Zacks Rank of #1 (Strong Buy).
Investors should also note Quanex Building Products's current valuation metrics, including its Forward P/E ratio of 9.73. For comparison, its industry has an average Forward P/E of 12.39, which means Quanex Building Products is trading at a discount to the group.
The Building Products - Miscellaneous industry is part of the Construction sector. This group has a Zacks Industry Rank of 202, putting it in the bottom 20% 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 NX in the coming trading sessions, be sure to utilize Zacks.com.