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DXP Enterprises (DXPE) Gains As Market Dips: What You Should Know
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In the latest trading session, DXP Enterprises (DXPE - Free Report) closed at $119.96, marking a +2.77% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.5%. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, lost 0.5%.
Coming into today, shares of the industrial products supplier had lost 6% in the past month. In that same time, the Industrial Products sector lost 1.21%, while the S&P 500 gained 2.74%.
Analysts and investors alike will be keeping a close eye on the performance of DXP Enterprises in its upcoming earnings disclosure. In that report, analysts expect DXP Enterprises to post earnings of $1.45 per share. This would mark year-over-year growth of 1.4%. In the meantime, our current consensus estimate forecasts the revenue to be $510 million, indicating a 7.84% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.03 per share and a revenue of $1.94 billion, signifying shifts of +11.53% and +7.88%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for DXP Enterprises. Recent revisions tend to reflect the latest near-term business trends. 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.
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 has moved 5.19% lower. Currently, DXP Enterprises is carrying a Zacks Rank of #3 (Hold).
Investors should also note DXP Enterprises's current valuation metrics, including its Forward P/E ratio of 23.23. This expresses a premium compared to the average Forward P/E of 22.16 of its industry.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 59, finds itself in the top 24% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DXPE in the coming trading sessions, be sure to utilize Zacks.com.
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DXP Enterprises (DXPE) Gains As Market Dips: What You Should Know
In the latest trading session, DXP Enterprises (DXPE - Free Report) closed at $119.96, marking a +2.77% move from the previous day. The stock outperformed the S&P 500, which registered a daily loss of 0.5%. Meanwhile, the Dow lost 0.38%, and the Nasdaq, a tech-heavy index, lost 0.5%.
Coming into today, shares of the industrial products supplier had lost 6% in the past month. In that same time, the Industrial Products sector lost 1.21%, while the S&P 500 gained 2.74%.
Analysts and investors alike will be keeping a close eye on the performance of DXP Enterprises in its upcoming earnings disclosure. In that report, analysts expect DXP Enterprises to post earnings of $1.45 per share. This would mark year-over-year growth of 1.4%. In the meantime, our current consensus estimate forecasts the revenue to be $510 million, indicating a 7.84% growth compared to the corresponding quarter of the prior year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.03 per share and a revenue of $1.94 billion, signifying shifts of +11.53% and +7.88%, respectively, from the last year.
Investors should also note any recent changes to analyst estimates for DXP Enterprises. Recent revisions tend to reflect the latest near-term business trends. 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.
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 has moved 5.19% lower. Currently, DXP Enterprises is carrying a Zacks Rank of #3 (Hold).
Investors should also note DXP Enterprises's current valuation metrics, including its Forward P/E ratio of 23.23. This expresses a premium compared to the average Forward P/E of 22.16 of its industry.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 59, finds itself in the top 24% echelons of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow DXPE in the coming trading sessions, be sure to utilize Zacks.com.