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Generac Holdings (GNRC) Stock Moves -0.36%: What You Should Know
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In the latest trading session, Generac Holdings (GNRC - Free Report) closed at $109.90, marking a -0.36% move from the previous day. This change was narrower than the S&P 500's daily loss of 0.8%. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq lost 0.03%.
Prior to today's trading, shares of the generator maker had lost 37.27% over the past month. This has lagged the Computer and Technology sector's loss of 6.95% and the S&P 500's loss of 5.13% in that time.
Wall Street will be looking for positivity from Generac Holdings as it approaches its next earnings report date. The company is expected to report EPS of $3.24, up 37.87% from the prior-year quarter.
GNRC's full-year Zacks Consensus Estimates are calling for earnings of $11.93 per share and revenue of $5.17 billion. These results would represent year-over-year changes of +23.88% and +38.45%, respectively.
It is also important to note the recent changes to analyst estimates for Generac Holdings. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.19% higher. Generac Holdings is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Generac Holdings has a Forward P/E ratio of 9.25 right now. For comparison, its industry has an average Forward P/E of 12.53, which means Generac Holdings is trading at a discount to the group.
Also, we should mention that GNRC has a PEG ratio of 0.92. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Power Generation was holding an average PEG ratio of 0.92 at yesterday's closing price.
The Electronics - Power Generation industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 42, putting it in the top 17% 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 GNRC in the coming trading sessions, be sure to utilize Zacks.com.
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Generac Holdings (GNRC) Stock Moves -0.36%: What You Should Know
In the latest trading session, Generac Holdings (GNRC - Free Report) closed at $109.90, marking a -0.36% move from the previous day. This change was narrower than the S&P 500's daily loss of 0.8%. At the same time, the Dow lost 0.3%, and the tech-heavy Nasdaq lost 0.03%.
Prior to today's trading, shares of the generator maker had lost 37.27% over the past month. This has lagged the Computer and Technology sector's loss of 6.95% and the S&P 500's loss of 5.13% in that time.
Wall Street will be looking for positivity from Generac Holdings as it approaches its next earnings report date. The company is expected to report EPS of $3.24, up 37.87% from the prior-year quarter.
GNRC's full-year Zacks Consensus Estimates are calling for earnings of $11.93 per share and revenue of $5.17 billion. These results would represent year-over-year changes of +23.88% and +38.45%, respectively.
It is also important to note the recent changes to analyst estimates for Generac Holdings. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.19% higher. Generac Holdings is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Generac Holdings has a Forward P/E ratio of 9.25 right now. For comparison, its industry has an average Forward P/E of 12.53, which means Generac Holdings is trading at a discount to the group.
Also, we should mention that GNRC has a PEG ratio of 0.92. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Power Generation was holding an average PEG ratio of 0.92 at yesterday's closing price.
The Electronics - Power Generation industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 42, putting it in the top 17% 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 GNRC in the coming trading sessions, be sure to utilize Zacks.com.