Superior Group (SGC) closed at $10.86 in the latest trading session, marking a +1.5% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.8%. Meanwhile, the Dow experienced a drop of 0.15%, and the technology-dominated Nasdaq saw an increase of 1.6%.
Prior to today's trading, shares of the uniform maker had gained 4.19% outpaced the Consumer Discretionary sector's gain of 4.09% and lagged the S&P 500's gain of 5.15%.
The investment community will be closely monitoring the performance of Superior Group in its forthcoming earnings report. The company is expected to report EPS of $0.02, up 140% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $137.9 million, indicating a 0.58% 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 $0.58 per share and revenue of $576.45 million. These totals would mark changes of +26.09% and +1.81%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for Superior Group. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, 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. The Zacks Consensus EPS estimate remained stagnant within the past month. Superior Group currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Superior Group is currently exchanging hands at a Forward P/E ratio of 18.45. This denotes a premium relative to the industry average Forward P/E of 17.39.
Investors should also note that SGC has a PEG ratio of 1.84 right now. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Textile - Apparel industry had an average PEG ratio of 1.93.
The Textile - Apparel industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 144, which puts it in the bottom 41% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. 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).