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Richardson Electronics (RELL) Outpaces Stock Market Gains: What You Should Know
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In the latest trading session, Richardson Electronics (RELL - Free Report) closed at $19.17, marking a +1.48% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.12%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq lost 4.09%.
Prior to today's trading, shares of the electronic components and communication products company had gained 15.47% over the past month. This has outpaced the Computer and Technology sector's gain of 9.32% and the S&P 500's gain of 3.98% in that time.
Wall Street will be looking for positivity from Richardson Electronics as it approaches its next earnings report date. On that day, Richardson Electronics is projected to report earnings of $0.19 per share, which would represent a year-over-year decline of 38.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $61.5 million, down 0.21% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Richardson Electronics. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 remained stagnant. Richardson Electronics is currently sporting a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Richardson Electronics is holding a Forward P/E ratio of 15.74. For comparison, its industry has an average Forward P/E of 8.61, which means Richardson Electronics is trading at a premium to the group.
Investors should also note that RELL has a PEG ratio of 0.79 right now. 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. The Electronics - Parts Distribution was holding an average PEG ratio of 0.84 at yesterday's closing price.
The Electronics - Parts Distribution industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 221, putting it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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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Richardson Electronics (RELL) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Richardson Electronics (RELL - Free Report) closed at $19.17, marking a +1.48% move from the previous day. The stock outpaced the S&P 500's daily gain of 0.12%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq lost 4.09%.
Prior to today's trading, shares of the electronic components and communication products company had gained 15.47% over the past month. This has outpaced the Computer and Technology sector's gain of 9.32% and the S&P 500's gain of 3.98% in that time.
Wall Street will be looking for positivity from Richardson Electronics as it approaches its next earnings report date. On that day, Richardson Electronics is projected to report earnings of $0.19 per share, which would represent a year-over-year decline of 38.71%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $61.5 million, down 0.21% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Richardson Electronics. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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 remained stagnant. Richardson Electronics is currently sporting a Zacks Rank of #5 (Strong Sell).
Looking at its valuation, Richardson Electronics is holding a Forward P/E ratio of 15.74. For comparison, its industry has an average Forward P/E of 8.61, which means Richardson Electronics is trading at a premium to the group.
Investors should also note that RELL has a PEG ratio of 0.79 right now. 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. The Electronics - Parts Distribution was holding an average PEG ratio of 0.84 at yesterday's closing price.
The Electronics - Parts Distribution industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 221, putting it in the bottom 13% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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.