DXP Enterprises (DXPE) closed the most recent trading day at $158.15, moving +1.84% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 0.28%. At the same time, the Dow lost 1.09%, and the tech-heavy Nasdaq gained 0.2%.
The industrial products supplier's shares have seen a decrease of 4.63% over the last month, not keeping up with the Industrial Products sector's gain of 2.05% and the S&P 500's gain of 1.64%.
Analysts and investors alike will be keeping a close eye on the performance of DXP Enterprises in its upcoming earnings disclosure. The company's upcoming EPS is projected at $1.5, signifying a 4.90% increase compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $548 million, showing a 9.89% escalation compared to the year-ago quarter.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $6.2 per share and a revenue of $2.22 billion, representing changes of +14.39% and +10.1%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for DXP Enterprises. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection remained stagnant. DXP Enterprises is holding a Zacks Rank of #3 (Hold) right now.
With respect to valuation, DXP Enterprises is currently being traded at a Forward P/E ratio of 25.05. This valuation marks a discount compared to its industry average Forward P/E of 25.39.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 73, putting it in the top 30% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).