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.
SPAR Group, Inc. (SGRP) Stock Declines While Market Improves: Some Information for Investors
Read MoreHide Full Article
SPAR Group, Inc. (SGRP - Free Report) ended the recent trading session at $1.15, demonstrating a -4.96% change from the preceding day's closing price. This change lagged the S&P 500's 0.06% gain on the day. Elsewhere, the Dow gained 0.41%, while the tech-heavy Nasdaq lost 0.39%.
Shares of the company witnessed a gain of 16.35% over the previous month, beating the performance of the Business Services sector with its gain of 2%, and the S&P 500's gain of 5.88%.
Market participants will be closely following the financial results of SPAR Group, Inc. in its upcoming release.
SGRP's full-year Zacks Consensus Estimates are calling for earnings of $0.12 per share and revenue of $0 million. These results would represent year-over-year changes of 0% and 0%, respectively.
It is also important to note the recent changes to analyst estimates for SPAR Group, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, SPAR Group, Inc. boasts a Zacks Rank of #3 (Hold).
Investors should also note SPAR Group, Inc.'s current valuation metrics, including its Forward P/E ratio of 10.08. For comparison, its industry has an average Forward P/E of 17.74, which means SPAR Group, Inc. is trading at a discount to the group.
The Business - Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 37% of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
SPAR Group, Inc. (SGRP) Stock Declines While Market Improves: Some Information for Investors
SPAR Group, Inc. (SGRP - Free Report) ended the recent trading session at $1.15, demonstrating a -4.96% change from the preceding day's closing price. This change lagged the S&P 500's 0.06% gain on the day. Elsewhere, the Dow gained 0.41%, while the tech-heavy Nasdaq lost 0.39%.
Shares of the company witnessed a gain of 16.35% over the previous month, beating the performance of the Business Services sector with its gain of 2%, and the S&P 500's gain of 5.88%.
Market participants will be closely following the financial results of SPAR Group, Inc. in its upcoming release.
SGRP's full-year Zacks Consensus Estimates are calling for earnings of $0.12 per share and revenue of $0 million. These results would represent year-over-year changes of 0% and 0%, respectively.
It is also important to note the recent changes to analyst estimates for SPAR Group, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. At present, SPAR Group, Inc. boasts a Zacks Rank of #3 (Hold).
Investors should also note SPAR Group, Inc.'s current valuation metrics, including its Forward P/E ratio of 10.08. For comparison, its industry has an average Forward P/E of 17.74, which means SPAR Group, Inc. is trading at a discount to the group.
The Business - Services industry is part of the Business Services sector. This industry currently has a Zacks Industry Rank of 89, which puts it in the top 37% of all 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.