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Stanley Black & Decker (SWK) Stock Moves -1.01%: What You Should Know
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Stanley Black & Decker (SWK - Free Report) closed at $87.80 in the latest trading session, marking a -1.01% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.56%. Meanwhile, the Dow lost 1.81%, and the Nasdaq, a tech-heavy index, lost 4.66%.
Heading into today, shares of the tool company had gained 18.85% over the past month, outpacing the Industrial Products sector's gain of 6.66% and the S&P 500's gain of 3.82% in that time.
Wall Street will be looking for positivity from Stanley Black & Decker as it approaches its next earnings report date. This is expected to be February 2, 2023. The company is expected to report EPS of -$0.27, down 112.62% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.96 billion, down 2.77% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Stanley Black & Decker. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. Within the past 30 days, our consensus EPS projection has moved 2.92% lower. Stanley Black & Decker currently has a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Stanley Black & Decker has a Forward P/E ratio of 21.21 right now. Its industry sports an average Forward P/E of 18.3, so we one might conclude that Stanley Black & Decker is trading at a premium comparatively.
Meanwhile, SWK's PEG ratio is currently 2.36. 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. Manufacturing - Tools & Related Products stocks are, on average, holding a PEG ratio of 3.01 based on yesterday's closing prices.
The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 243, which puts it in the bottom 4% 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 SWK in the coming trading sessions, be sure to utilize Zacks.com.
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Stanley Black & Decker (SWK) Stock Moves -1.01%: What You Should Know
Stanley Black & Decker (SWK - Free Report) closed at $87.80 in the latest trading session, marking a -1.01% move from the prior day. This move was narrower than the S&P 500's daily loss of 1.56%. Meanwhile, the Dow lost 1.81%, and the Nasdaq, a tech-heavy index, lost 4.66%.
Heading into today, shares of the tool company had gained 18.85% over the past month, outpacing the Industrial Products sector's gain of 6.66% and the S&P 500's gain of 3.82% in that time.
Wall Street will be looking for positivity from Stanley Black & Decker as it approaches its next earnings report date. This is expected to be February 2, 2023. The company is expected to report EPS of -$0.27, down 112.62% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $3.96 billion, down 2.77% from the year-ago period.
It is also important to note the recent changes to analyst estimates for Stanley Black & Decker. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
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. Within the past 30 days, our consensus EPS projection has moved 2.92% lower. Stanley Black & Decker currently has a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that Stanley Black & Decker has a Forward P/E ratio of 21.21 right now. Its industry sports an average Forward P/E of 18.3, so we one might conclude that Stanley Black & Decker is trading at a premium comparatively.
Meanwhile, SWK's PEG ratio is currently 2.36. 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. Manufacturing - Tools & Related Products stocks are, on average, holding a PEG ratio of 3.01 based on yesterday's closing prices.
The Manufacturing - Tools & Related Products industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 243, which puts it in the bottom 4% 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 SWK in the coming trading sessions, be sure to utilize Zacks.com.