In the latest trading session, Tech Data closed at $99.29, marking a +1.3% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.22%. At the same time, the Dow lost 0.08%, and the tech-heavy Nasdaq lost 0.36%.
Coming into today, shares of the information technology products distributor had gained 14.07% in the past month. In that same time, the Retail-Wholesale sector gained 8.25%, while the S&P 500 gained 8.17%.
Investors will be hoping for strength from TECD as it approaches its next earnings release. The company is expected to report EPS of $4.08, up 16.57% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $10.71 billion, down 3.49% from the year-ago period.
Investors should also note any recent changes to analyst estimates for TECD. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. TECD is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, TECD is holding a Forward P/E ratio of 8.52. This valuation marks a discount compared to its industry's average Forward P/E of 11.26.
Also, we should mention that TECD has a PEG ratio of 0.98. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Computer Hardware stocks are, on average, holding a PEG ratio of 1.36 based on yesterday's closing prices.
The Retail - Computer Hardware industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 21, which puts it in the top 9% 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.
To follow TECD in the coming trading sessions, be sure to utilize Zacks.com.
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Tech Data (TECD) Gains As Market Dips: What You Should Know
In the latest trading session, Tech Data closed at $99.29, marking a +1.3% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.22%. At the same time, the Dow lost 0.08%, and the tech-heavy Nasdaq lost 0.36%.
Coming into today, shares of the information technology products distributor had gained 14.07% in the past month. In that same time, the Retail-Wholesale sector gained 8.25%, while the S&P 500 gained 8.17%.
Investors will be hoping for strength from TECD as it approaches its next earnings release. The company is expected to report EPS of $4.08, up 16.57% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $10.71 billion, down 3.49% from the year-ago period.
Investors should also note any recent changes to analyst estimates for TECD. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. TECD is currently sporting a Zacks Rank of #2 (Buy).
Looking at its valuation, TECD is holding a Forward P/E ratio of 8.52. This valuation marks a discount compared to its industry's average Forward P/E of 11.26.
Also, we should mention that TECD has a PEG ratio of 0.98. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Computer Hardware stocks are, on average, holding a PEG ratio of 1.36 based on yesterday's closing prices.
The Retail - Computer Hardware industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 21, which puts it in the top 9% 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.
To follow TECD in the coming trading sessions, be sure to utilize Zacks.com.