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AZZ (AZZ) Exceeds Market Returns: Some Facts to Consider
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The latest trading session saw AZZ (AZZ - Free Report) ending at $74.55, denoting a +1.58% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 1.07%. Meanwhile, the Dow experienced a rise of 0.31%, and the technology-dominated Nasdaq saw an increase of 2.17%.
Shares of the electrical equipment maker have depreciated by 2.2% over the course of the past month, underperforming the Industrial Products sector's gain of 0.75% and the S&P 500's gain of 2.92%.
The upcoming earnings release of AZZ will be of great interest to investors. The company is forecasted to report an EPS of $1.26, showcasing a 0.79% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $409.47 million, showing a 2.74% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.94 per share and revenue of $1.61 billion, indicating changes of +9.05% and +4.81%, respectively, compared to the previous year.
Any recent changes to analyst estimates for AZZ should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AZZ presently features a Zacks Rank of #3 (Hold).
With respect to valuation, AZZ is currently being traded at a Forward P/E ratio of 14.87. This indicates a discount in contrast to its industry's Forward P/E of 21.01.
It's also important to note that AZZ currently trades at a PEG ratio of 1.06. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Manufacturing - Electronics stocks are, on average, holding a PEG ratio of 1.89 based on yesterday's closing prices.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 18, putting it in the top 8% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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AZZ (AZZ) Exceeds Market Returns: Some Facts to Consider
The latest trading session saw AZZ (AZZ - Free Report) ending at $74.55, denoting a +1.58% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 1.07%. Meanwhile, the Dow experienced a rise of 0.31%, and the technology-dominated Nasdaq saw an increase of 2.17%.
Shares of the electrical equipment maker have depreciated by 2.2% over the course of the past month, underperforming the Industrial Products sector's gain of 0.75% and the S&P 500's gain of 2.92%.
The upcoming earnings release of AZZ will be of great interest to investors. The company is forecasted to report an EPS of $1.26, showcasing a 0.79% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $409.47 million, showing a 2.74% escalation compared to the year-ago quarter.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.94 per share and revenue of $1.61 billion, indicating changes of +9.05% and +4.81%, respectively, compared to the previous year.
Any recent changes to analyst estimates for AZZ should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AZZ presently features a Zacks Rank of #3 (Hold).
With respect to valuation, AZZ is currently being traded at a Forward P/E ratio of 14.87. This indicates a discount in contrast to its industry's Forward P/E of 21.01.
It's also important to note that AZZ currently trades at a PEG ratio of 1.06. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. Manufacturing - Electronics stocks are, on average, holding a PEG ratio of 1.89 based on yesterday's closing prices.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 18, putting it in the top 8% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.