Diebold Nixdorf, Incorporated (DBD) ended the recent trading session at $64.91, demonstrating a +1.07% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.45% for the day. Meanwhile, the Dow experienced a drop of 1.21%, and the technology-dominated Nasdaq saw a decrease of 0.01%.
Prior to today's trading, shares of the company had lost 6.37% lagged the Computer and Technology sector's loss of 1.9% and the S&P 500's loss of 2.43%.
The investment community will be paying close attention to the earnings performance of Diebold Nixdorf, Incorporated in its upcoming release. The company's earnings per share (EPS) are projected to be $1.38, reflecting a 0.72% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $966.05 million, indicating a 2.21% increase compared to the same quarter of the previous year.
For the full year, the Zacks Consensus Estimates project earnings of $5.46 per share and a revenue of $3.91 billion, demonstrating changes of -2.33% and +2.66%, respectively, from the preceding year.
Investors might also notice recent changes to analyst estimates for Diebold Nixdorf, Incorporated. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Diebold Nixdorf, Incorporated currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Diebold Nixdorf, Incorporated is currently trading at a Forward P/E ratio of 11.76. This valuation marks a discount compared to its industry average Forward P/E of 20.36.
The Internet - Software industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 90, putting it in the top 37% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Diebold Nixdorf, Incorporated (DBD): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).