AZZ (AZZ) closed at $137.15 in the latest trading session, marking a +2.63% move from the prior day. Meanwhile, the Dow lost 0.36%, and the Nasdaq, a tech-heavy index, added 0.45%.
Shares of the electrical equipment maker witnessed a loss of 5.07% over the previous month, trailing the performance of the Industrial Products sector with its loss of 2.59%, and the S&P 500's gain of 1.27%.
Investors will be eagerly watching for the performance of AZZ in its upcoming earnings disclosure. The company is expected to report EPS of $1.82, up 17.42% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $461.79 million, reflecting a 10.67% rise from the equivalent quarter last year.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $7.06 per share and revenue of $1.82 billion, indicating changes of +14.05% and +10.11%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for AZZ. Recent revisions tend to reflect the latest near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. AZZ presently features a Zacks Rank of #3 (Hold).
Digging into valuation, AZZ currently has a Forward P/E ratio of 18.93. This indicates a discount in contrast to its industry's Forward P/E of 24.19.
The Manufacturing - Electronics industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 59, putting it in the top 24% 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.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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This article originally published on Zacks Investment Research (zacks.com).