We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
AZZ (AZZ) Surpasses Market Returns: Some Facts Worth Knowing
Read MoreHide Full Article
AZZ (AZZ - Free Report) closed at $82.01 in the latest trading session, marking a +0.94% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.25%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.56%.
Prior to today's trading, shares of the electrical equipment maker had lost 1.71% over the past month. This has lagged the Industrial Products sector's gain of 3.56% and the S&P 500's gain of 1.65% in that time.
Market participants will be closely following the financial results of AZZ in its upcoming release. The company plans to announce its earnings on October 9, 2024. In that report, analysts expect AZZ to post earnings of $1.26 per share. This would mark a year-over-year decline of 0.79%. Simultaneously, our latest consensus estimate expects the revenue to be $409.47 million, showing a 2.74% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.94 per share and revenue of $1.61 billion. These totals would mark changes of +9.05% and +4.81%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for AZZ. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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. AZZ currently has a Zacks Rank of #3 (Hold).
In the context of valuation, AZZ is at present trading with a Forward P/E ratio of 16.46. This denotes a discount relative to the industry's average Forward P/E of 22.47.
Also, we should mention that AZZ has a PEG ratio of 1.18. 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 Manufacturing - Electronics industry stood at 2.02 at the close of the market yesterday.
The Manufacturing - Electronics industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 23, placing it within the top 10% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
AZZ (AZZ) Surpasses Market Returns: Some Facts Worth Knowing
AZZ (AZZ - Free Report) closed at $82.01 in the latest trading session, marking a +0.94% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.25%. At the same time, the Dow added 0.2%, and the tech-heavy Nasdaq gained 0.56%.
Prior to today's trading, shares of the electrical equipment maker had lost 1.71% over the past month. This has lagged the Industrial Products sector's gain of 3.56% and the S&P 500's gain of 1.65% in that time.
Market participants will be closely following the financial results of AZZ in its upcoming release. The company plans to announce its earnings on October 9, 2024. In that report, analysts expect AZZ to post earnings of $1.26 per share. This would mark a year-over-year decline of 0.79%. Simultaneously, our latest consensus estimate expects the revenue to be $409.47 million, showing a 2.74% escalation compared to the year-ago quarter.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.94 per share and revenue of $1.61 billion. These totals would mark changes of +9.05% and +4.81%, respectively, from last year.
Investors should also take note of any recent adjustments to analyst estimates for AZZ. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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, 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. AZZ currently has a Zacks Rank of #3 (Hold).
In the context of valuation, AZZ is at present trading with a Forward P/E ratio of 16.46. This denotes a discount relative to the industry's average Forward P/E of 22.47.
Also, we should mention that AZZ has a PEG ratio of 1.18. 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 Manufacturing - Electronics industry stood at 2.02 at the close of the market yesterday.
The Manufacturing - Electronics industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 23, placing it within the top 10% 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.