Air Industries (AIRI) Stock Drops Despite Market Gains: Important Facts to Note

Air Industries (AIRI) ended the recent trading session at $3.36, demonstrating a -2.61% change from the preceding day's closing price. This change lagged the S&P 500's 0.96% gain on the day. At the same time, the Dow added 0.89%, and the tech-heavy Nasdaq gained 0.94%. Heading into today, shares of the maker of parts for the aerospace industry and defense contractors had lost 3.63% over the past month, lagging the Aerospace sector's gain of 3.16% and the S&P 500's gain of 0.5%.The investment community will be closely monitoring the performance of Air Industries in its forthcoming earnings report. On that day, Air Industries is projected to report earnings of -$0.15 per share, which would represent a year-over-year decline of 266.67%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $12 million, down 11.57% from the year-ago period. For the annual period, the Zacks Consensus Estimates anticipate earnings of -$0.45 per share and a revenue of $53.39 million, signifying shifts of -9.76% and -3.12%, respectively, from the last year. It's also important for investors to be aware of any recent modifications to analyst estimates for Air Industries. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits. Empirical research indicates that these revisions in estimates have a direct correlation with impending 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. Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, there's been a 95.65% fall in the Zacks Consensus EPS estimate. Air Industries presently features a Zacks Rank of #5 (Strong Sell). The Aerospace - Defense industry is part of the Aerospace sector. This group has a Zacks Industry Rank of 56, putting it in the top 23% of all 250+ industries. The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions. Zacks' Research Chief Names "Stock Most Likely to Double"Our team of experts has just released the 5 stocks with the greatest probability of gaining +100% or more in the coming months. Of those 5, Director of Research Sheraz Mian highlights the one stock set to climb highest.This top pick is a little-known satellite-based communications firm. Space is projected to become a trillion dollar industry, and this company's customer base is growing fast. Analysts have forecasted a major revenue breakout in 2025. Of course, all our elite picks aren't winners but this one could far surpass earlier Zacks' Stocks Set to Double like Hims & Hers Health, which shot up +209%.Free: See Our Top Stock And 4 Runners UpWant the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Air Industries Group (AIRI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks