AZZ (AZZ) closed the most recent trading day at $135.55, moving -3.28% from the previous trading session. The stock trailed the S&P 500, which registered a daily gain of 0.22%. Elsewhere, the Dow saw an upswing of 0.72%, while the tech-heavy Nasdaq appreciated by 0.21%.
Prior to today's trading, shares of the electrical equipment maker had lost 2.02% lagged the Industrial Products sector's loss of 0.3% and the S&P 500's gain of 6.04%.
Analysts and investors alike will be keeping a close eye on the performance of AZZ in its upcoming earnings disclosure. The company is predicted to post an EPS of $1.63, indicating a 8.43% decline compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $435.55 million, indicating a 3.22% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $6.79 per share and a revenue of $1.75 billion, signifying shifts of +9.69% and +5.98%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for AZZ. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Currently, AZZ is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, AZZ is presently being traded at a Forward P/E ratio of 20.66. This expresses a discount compared to the average Forward P/E of 22.75 of its industry.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 108, putting it in the top 45% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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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This article originally published on Zacks Investment Research (zacks.com).