We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Griffon (GFF) Increases Despite Market Slip: Here's What You Need to Know
Read MoreHide Full Article
In the latest market close, Griffon (GFF - Free Report) reached $72.97, with a +1.33% movement compared to the previous day. The stock's change was more than the S&P 500's daily loss of 0.31%. Meanwhile, the Dow experienced a drop of 0.41%, and the technology-dominated Nasdaq saw a decrease of 0.27%.
Prior to today's trading, shares of the garage door and building products maker had gained 5.12% over the past month. This has lagged the Conglomerates sector's gain of 5.89% and outpaced the S&P 500's gain of 3.05% in that time.
Investors will be eagerly watching for the performance of Griffon in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.94, reflecting a 22.31% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $635.16 million, down 10.66% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.58 per share and a revenue of $2.65 billion, indicating changes of +0.88% and -1.39%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Griffon. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 4.51% downward. Currently, Griffon is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Griffon is presently trading at a Forward P/E ratio of 15.71. This represents a discount compared to its industry's average Forward P/E of 17.82.
It's also important to note that GFF currently trades at a PEG ratio of 0.79. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Diversified Operations industry had an average PEG ratio of 2.26 as trading concluded yesterday.
The Diversified Operations industry is part of the Conglomerates sector. This industry, currently bearing a Zacks Industry Rank of 46, finds itself in the top 19% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Griffon (GFF) Increases Despite Market Slip: Here's What You Need to Know
In the latest market close, Griffon (GFF - Free Report) reached $72.97, with a +1.33% movement compared to the previous day. The stock's change was more than the S&P 500's daily loss of 0.31%. Meanwhile, the Dow experienced a drop of 0.41%, and the technology-dominated Nasdaq saw a decrease of 0.27%.
Prior to today's trading, shares of the garage door and building products maker had gained 5.12% over the past month. This has lagged the Conglomerates sector's gain of 5.89% and outpaced the S&P 500's gain of 3.05% in that time.
Investors will be eagerly watching for the performance of Griffon in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.94, reflecting a 22.31% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $635.16 million, down 10.66% from the prior-year quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.58 per share and a revenue of $2.65 billion, indicating changes of +0.88% and -1.39%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Griffon. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 4.51% downward. Currently, Griffon is carrying a Zacks Rank of #3 (Hold).
Looking at valuation, Griffon is presently trading at a Forward P/E ratio of 15.71. This represents a discount compared to its industry's average Forward P/E of 17.82.
It's also important to note that GFF currently trades at a PEG ratio of 0.79. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Diversified Operations industry had an average PEG ratio of 2.26 as trading concluded yesterday.
The Diversified Operations industry is part of the Conglomerates sector. This industry, currently bearing a Zacks Industry Rank of 46, finds itself in the top 19% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in 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 use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.