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Constellium (CSTM) Stock Sinks As Market Gains: What You Should Know
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Constellium (CSTM - Free Report) closed at $14.11 in the latest trading session, marking a -0.49% move from the prior day. This change lagged the S&P 500's 0.09% gain on the day. Meanwhile, the Dow gained 0.07%, and the Nasdaq, a tech-heavy index, added 0.98%.
Heading into today, shares of the aluminum company had gained 0.71% over the past month, lagging the Industrial Products sector's gain of 2.35% and the S&P 500's gain of 4.59% in that time.
Constellium will be looking to display strength as it nears its next earnings release, which is expected to be April 26, 2023. The company is expected to report EPS of $0.27, down 70.65% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.68 billion, down 24.45% from the year-ago period.
CSTM's full-year Zacks Consensus Estimates are calling for earnings of $1.33 per share and revenue of $7.14 billion. These results would represent year-over-year changes of -38.71% and -16.69%, respectively.
Investors should also note any recent changes to analyst estimates for Constellium. 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. 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.
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 remained stagnant. Constellium is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Constellium has a Forward P/E ratio of 10.66 right now. Its industry sports an average Forward P/E of 11.69, so we one might conclude that Constellium is trading at a discount comparatively.
The Metal Products - Distribution industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 64, which puts it in the top 26% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Constellium (CSTM) Stock Sinks As Market Gains: What You Should Know
Constellium (CSTM - Free Report) closed at $14.11 in the latest trading session, marking a -0.49% move from the prior day. This change lagged the S&P 500's 0.09% gain on the day. Meanwhile, the Dow gained 0.07%, and the Nasdaq, a tech-heavy index, added 0.98%.
Heading into today, shares of the aluminum company had gained 0.71% over the past month, lagging the Industrial Products sector's gain of 2.35% and the S&P 500's gain of 4.59% in that time.
Constellium will be looking to display strength as it nears its next earnings release, which is expected to be April 26, 2023. The company is expected to report EPS of $0.27, down 70.65% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.68 billion, down 24.45% from the year-ago period.
CSTM's full-year Zacks Consensus Estimates are calling for earnings of $1.33 per share and revenue of $7.14 billion. These results would represent year-over-year changes of -38.71% and -16.69%, respectively.
Investors should also note any recent changes to analyst estimates for Constellium. 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. 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.
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 remained stagnant. Constellium is currently sporting a Zacks Rank of #1 (Strong Buy).
Valuation is also important, so investors should note that Constellium has a Forward P/E ratio of 10.66 right now. Its industry sports an average Forward P/E of 11.69, so we one might conclude that Constellium is trading at a discount comparatively.
The Metal Products - Distribution industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 64, which puts it in the top 26% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.