In the latest trading session, Axon Enterprise (AXON) closed at $413.35, marking a -2.1% move from the previous day. The stock's performance was behind the S&P 500's daily gain of 0.73%. Elsewhere, the Dow saw an upswing of 0.49%, while the tech-heavy Nasdaq appreciated by 1.19%.
Heading into today, shares of the maker of stun guns and body cameras had lost 21.54% over the past month, lagging the Aerospace sector's loss of 6.63% and the S&P 500's gain of 0.55%.
The investment community will be closely monitoring the performance of Axon Enterprise in its forthcoming earnings report. In that report, analysts expect Axon Enterprise to post earnings of $1.94 per share. This would mark year-over-year growth of 65.81%. Simultaneously, our latest consensus estimate expects the revenue to be $935.35 million, showing a 31.62% escalation compared to the year-ago quarter.
AXON's full-year Zacks Consensus Estimates are calling for earnings of $7.88 per share and revenue of $3.68 billion. These results would represent year-over-year changes of +15.04% and +32.42%, respectively.
Investors should also pay attention to any latest changes in analyst estimates for Axon Enterprise. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 3.67% upward. Right now, Axon Enterprise possesses a Zacks Rank of #3 (Hold).
From a valuation perspective, Axon Enterprise is currently exchanging hands at a Forward P/E ratio of 53.56. This signifies a premium in comparison to the average Forward P/E of 33.53 for its industry.
One should further note that AXON currently holds a PEG ratio of 2.14. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Aerospace - Defense Equipment industry currently had an average PEG ratio of 2.03 as of yesterday's close.
The Aerospace - Defense Equipment industry is part of the Aerospace sector. Currently, this industry holds a Zacks Industry Rank of 39, positioning it in the top 16% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Axon Enterprise, Inc (AXON): Free Stock Analysis Report
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