DXP Enterprises (DXPE) closed at $163.52 in the latest trading session, marking a +2.07% move from the prior day. The stock exceeded the S&P 500, which registered a gain of 0.38% for the day. On the other hand, the Dow registered a gain of 0.02%, and the technology-centric Nasdaq increased by 0.9%.
Coming into today, shares of the industrial products supplier had lost 4.69% in the past month. In that same time, the Industrial Products sector gained 0.54%, while the S&P 500 gained 1.27%.
Investors will be eagerly watching for the performance of DXP Enterprises in its upcoming earnings disclosure. In that report, analysts expect DXP Enterprises to post earnings of $1.5 per share. This would mark year-over-year growth of 4.9%. Meanwhile, the latest consensus estimate predicts the revenue to be $548 million, indicating a 9.89% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $6.2 per share and revenue of $2.22 billion. These totals would mark changes of +14.39% and +10.1%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for DXP Enterprises. 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.
Our research suggests that these changes in estimates have a direct relationship with upcoming 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.
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. DXP Enterprises currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that DXP Enterprises has a Forward P/E ratio of 25.84 right now. This represents a premium compared to its industry average Forward P/E of 25.48.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 62, placing it within the top 26% of over 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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