AZZ (AZZ) Stock Declines While Market Improves: Some Information for Investors

In the latest trading session, AZZ (AZZ) closed at $115.28, marking a -1.68% move from the previous day. The stock fell short of the S&P 500, which registered a gain of 0.47% for the day. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq added 0.94%. The stock of electrical equipment maker has risen by 4.1% in the past month, leading the Industrial Products sector's loss of 0.18% and the S&P 500's gain of 2.32%.Investors will be eagerly watching for the performance of AZZ in its upcoming earnings disclosure. The company is expected to report EPS of $1.56, up 13.87% from the prior-year quarter. At the same time, our most recent consensus estimate is projecting a revenue of $430.77 million, reflecting a 5.32% rise from the equivalent quarter last year. For the full year, the Zacks Consensus Estimates project earnings of $6.01 per share and a revenue of $1.67 billion, demonstrating changes of +15.58% and +6.08%, respectively, from the preceding year. Investors should also note any recent changes to analyst estimates for AZZ. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook. Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, 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 last 30 days, the Zacks Consensus EPS estimate has remained unchanged. AZZ presently features a Zacks Rank of #3 (Hold). In the context of valuation, AZZ is at present trading with a Forward P/E ratio of 19.52. This denotes a discount relative to the industry average Forward P/E of 22.88. The Manufacturing - Electronics industry is part of the Industrial Products sector. At present, this industry carries a Zacks Industry Rank of 95, placing it within the top 39% of over 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. You can find more information on all of these metrics, and much more, on Zacks.com. Research Chief Names "Single Best Pick to Double"From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.This company targets millennial and Gen Z audiences, generating nearly $1 billion in revenue last quarter alone. A recent pullback makes now an ideal time to jump aboard. Of course, all our elite picks aren’t winners but this one could far surpass earlier Zacks’ Stocks Set to Double like Nano-X Imaging which shot up +129.6% in little more than 9 months.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 AZZ Inc. (AZZ): 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