Superior Group (SGC) closed at $12.62 in the latest trading session, marking a +2.27% move from the prior day. On the other hand, the Dow registered a loss of 0.36%, and the technology-centric Nasdaq increased by 0.45%.
Heading into today, shares of the uniform maker had lost 3.06% over the past month, outpacing the Consumer Discretionary sector's loss of 6.85% and lagging the S&P 500's gain of 1.27%.
Market participants will be closely following the financial results of Superior Group in its upcoming release. It is anticipated that the company will report an EPS of $0.18, marking stability compared to the same quarter of the previous year. At the same time, our most recent consensus estimate is projecting a revenue of $143.53 million, reflecting a 3.65% rise from the equivalent quarter last year.
SGC's full-year Zacks Consensus Estimates are calling for earnings of $0.64 per share and revenue of $583.79 million. These results would represent year-over-year changes of +39.13% and +3.11%, respectively.
Investors might also notice recent changes to analyst estimates for Superior Group. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Within the past 30 days, our consensus EPS projection remained stagnant. Right now, Superior Group possesses a Zacks Rank of #3 (Hold).
With respect to valuation, Superior Group is currently being traded at a Forward P/E ratio of 19.28. Its industry sports an average Forward P/E of 15.84, so one might conclude that Superior Group is trading at a premium comparatively.
Investors should also note that SGC has a PEG ratio of 1.93 right now. 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 average PEG ratio for the Textile - Apparel industry stood at 1.85 at the close of the market yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 180, placing it within the bottom 27% of over 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.
To follow SGC in the coming trading sessions, be sure to utilize 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).