In the latest close session, Superior Group (SGC) was down 2.56% at $12.55. The stock's change was less than the S&P 500's daily loss of 0.77%. Elsewhere, the Dow saw a downswing of 0.67%, while the tech-heavy Nasdaq depreciated by 0.92%.
The stock of uniform maker has risen by 5.75% in the past month, leading the Consumer Discretionary sector's loss of 8.94% and the S&P 500's gain of 0.96%.
Investors will be eagerly watching for the performance of Superior Group in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.18, reflecting no change from the same quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $143.53 million, showing a 3.65% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $0.64 per share and a revenue of $583.79 million, representing changes of +39.13% and +3.11%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Superior Group. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. At present, Superior Group boasts a Zacks Rank of #3 (Hold).
Digging into valuation, Superior Group currently has a Forward P/E ratio of 20.13. Its industry sports an average Forward P/E of 15.38, so one might conclude that Superior Group is trading at a premium comparatively.
We can additionally observe that SGC currently boasts a PEG ratio of 2.01. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. SGC's industry had an average PEG ratio of 1.82 as of yesterday's close.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 169, putting it in the bottom 32% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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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Superior Group of Companies, Inc. (SGC): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).