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DXP Enterprises (DXPE) Stock Declines While Market Improves: Some Information for Investors
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In the latest trading session, DXP Enterprises (DXPE - Free Report) closed at $52.59, marking a -1.18% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.08%. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq gained 0.07%.
The the stock of industrial products supplier has risen by 16.1% in the past month, leading the Industrial Products sector's gain of 5.43% and the S&P 500's loss of 0.21%.
Market participants will be closely following the financial results of DXP Enterprises in its upcoming release.
It's also important for investors to be aware of any recent modifications to analyst estimates for DXP Enterprises. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 remained stagnant within the past month. Right now, DXP Enterprises possesses a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that DXP Enterprises has a Forward P/E ratio of 16.84 right now. For comparison, its industry has an average Forward P/E of 21.1, which means DXP Enterprises is trading at a discount to the group.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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DXP Enterprises (DXPE) Stock Declines While Market Improves: Some Information for Investors
In the latest trading session, DXP Enterprises (DXPE - Free Report) closed at $52.59, marking a -1.18% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.08%. At the same time, the Dow lost 0.12%, and the tech-heavy Nasdaq gained 0.07%.
The the stock of industrial products supplier has risen by 16.1% in the past month, leading the Industrial Products sector's gain of 5.43% and the S&P 500's loss of 0.21%.
Market participants will be closely following the financial results of DXP Enterprises in its upcoming release.
It's also important for investors to be aware of any recent modifications to analyst estimates for DXP Enterprises. These recent revisions tend to reflect the evolving nature of short-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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 remained stagnant within the past month. Right now, DXP Enterprises possesses a Zacks Rank of #5 (Strong Sell).
Valuation is also important, so investors should note that DXP Enterprises has a Forward P/E ratio of 16.84 right now. For comparison, its industry has an average Forward P/E of 21.1, which means DXP Enterprises is trading at a discount to the group.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 36% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
You can find more information on all of these metrics, and much more, on Zacks.com.