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Rockwell Automation (ROK) Outpaces Stock Market Gains: What You Should Know
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Rockwell Automation (ROK - Free Report) closed at $284.42 in the latest trading session, marking a +1.09% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.4%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq added 0.45%.
Coming into today, shares of the industrial equipment and software maker had lost 7.24% in the past month. In that same time, the Industrial Products sector lost 4.86%, while the S&P 500 lost 1.38%.
Investors will be hoping for strength from Rockwell Automation as it approaches its next earnings release. The company is expected to report EPS of $3.49, up 14.8% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.43 billion, up 14.29% from the year-ago period.
ROK's full-year Zacks Consensus Estimates are calling for earnings of $11.95 per share and revenue of $8.93 billion. These results would represent year-over-year changes of +25.92% and +15.01%, respectively.
It is also important to note the recent changes to analyst estimates for Rockwell Automation. 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.
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.
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. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. Rockwell Automation is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Rockwell Automation's current valuation metrics, including its Forward P/E ratio of 23.55. This valuation marks a premium compared to its industry's average Forward P/E of 22.93.
Investors should also note that ROK has a PEG ratio of 1.9 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 Industrial Automation and Robotics industry currently had an average PEG ratio of 4.5 as of yesterday's close.
The Industrial Automation and Robotics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 107, putting it in the top 43% 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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Rockwell Automation (ROK) Outpaces Stock Market Gains: What You Should Know
Rockwell Automation (ROK - Free Report) closed at $284.42 in the latest trading session, marking a +1.09% move from the prior day. The stock outpaced the S&P 500's daily gain of 0.4%. Elsewhere, the Dow gained 0.13%, while the tech-heavy Nasdaq added 0.45%.
Coming into today, shares of the industrial equipment and software maker had lost 7.24% in the past month. In that same time, the Industrial Products sector lost 4.86%, while the S&P 500 lost 1.38%.
Investors will be hoping for strength from Rockwell Automation as it approaches its next earnings release. The company is expected to report EPS of $3.49, up 14.8% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.43 billion, up 14.29% from the year-ago period.
ROK's full-year Zacks Consensus Estimates are calling for earnings of $11.95 per share and revenue of $8.93 billion. These results would represent year-over-year changes of +25.92% and +15.01%, respectively.
It is also important to note the recent changes to analyst estimates for Rockwell Automation. 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.
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.
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. The Zacks Consensus EPS estimate has moved 0.03% lower within the past month. Rockwell Automation is holding a Zacks Rank of #3 (Hold) right now.
Investors should also note Rockwell Automation's current valuation metrics, including its Forward P/E ratio of 23.55. This valuation marks a premium compared to its industry's average Forward P/E of 22.93.
Investors should also note that ROK has a PEG ratio of 1.9 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 Industrial Automation and Robotics industry currently had an average PEG ratio of 4.5 as of yesterday's close.
The Industrial Automation and Robotics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 107, putting it in the top 43% 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.