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Tenaris S.A. (TS) Stock Moves -0.75%: What You Should Know
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In the latest trading session, Tenaris S.A. (TS - Free Report) closed at $33.26, marking a -0.75% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.88%. Elsewhere, the Dow lost 0.73%, while the tech-heavy Nasdaq lost 4.59%.
Prior to today's trading, shares of the company had lost 2.98% over the past month. This has lagged the Industrial Products sector's gain of 3.63% and the S&P 500's gain of 5.83% in that time.
Tenaris S.A. will be looking to display strength as it nears its next earnings release. In that report, analysts expect Tenaris S.A. to post earnings of $1.38 per share. This would mark year-over-year growth of 119.05%. Our most recent consensus estimate is calling for quarterly revenue of $3.6 billion, up 74.87% from the year-ago period.
Any recent changes to analyst estimates for Tenaris S.A. should also be noted by investors. 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.
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. The Zacks Consensus EPS estimate has moved 2.7% higher within the past month. Tenaris S.A. is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, Tenaris S.A. is holding a Forward P/E ratio of 6.3. This represents a discount compared to its industry's average Forward P/E of 14.31.
We can also see that TS currently has a PEG ratio of 0.28. 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 Steel - Pipe and Tube was holding an average PEG ratio of 1.69 at yesterday's closing price.
The Steel - Pipe and Tube industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 4, which puts it in the top 2% 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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Tenaris S.A. (TS) Stock Moves -0.75%: What You Should Know
In the latest trading session, Tenaris S.A. (TS - Free Report) closed at $33.26, marking a -0.75% move from the previous day. This move was narrower than the S&P 500's daily loss of 0.88%. Elsewhere, the Dow lost 0.73%, while the tech-heavy Nasdaq lost 4.59%.
Prior to today's trading, shares of the company had lost 2.98% over the past month. This has lagged the Industrial Products sector's gain of 3.63% and the S&P 500's gain of 5.83% in that time.
Tenaris S.A. will be looking to display strength as it nears its next earnings release. In that report, analysts expect Tenaris S.A. to post earnings of $1.38 per share. This would mark year-over-year growth of 119.05%. Our most recent consensus estimate is calling for quarterly revenue of $3.6 billion, up 74.87% from the year-ago period.
Any recent changes to analyst estimates for Tenaris S.A. should also be noted by investors. 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.
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. The Zacks Consensus EPS estimate has moved 2.7% higher within the past month. Tenaris S.A. is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, Tenaris S.A. is holding a Forward P/E ratio of 6.3. This represents a discount compared to its industry's average Forward P/E of 14.31.
We can also see that TS currently has a PEG ratio of 0.28. 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 Steel - Pipe and Tube was holding an average PEG ratio of 1.69 at yesterday's closing price.
The Steel - Pipe and Tube industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 4, which puts it in the top 2% 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.