SPAR Group, Inc. (SGRP) Stock Declines While Market Improves: Some Information for Investors

SPAR Group, Inc. (SGRP) closed the most recent trading day at $0.96, moving -1.84% from the previous trading session. This change lagged the S&P 500's 0.48% gain on the day. Meanwhile, the Dow lost 0.02%, and the Nasdaq, a tech-heavy index, added 0.94%. Coming into today, shares of the company had lost 2.97% in the past month. In that same time, the Business Services sector lost 0.6%, while the S&P 500 gained 5.13%. The upcoming earnings release of SPAR Group, Inc. will be of great interest to investors. In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.12 per share and a revenue of $0 million, indicating changes of 0% and 0%, respectively, from the former year. Investors should also note any recent changes to analyst estimates for SPAR Group, Inc. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system. The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Right now, SPAR Group, Inc. possesses a Zacks Rank of #3 (Hold). From a valuation perspective, SPAR Group, Inc. is currently exchanging hands at a Forward P/E ratio of 8.17. Its industry sports an average Forward P/E of 20.8, so one might conclude that SPAR Group, Inc. is trading at a discount comparatively. The Business - Services industry is part of the Business Services sector. This industry, currently bearing a Zacks Industry Rank of 32, finds itself in the top 13% echelons of all 250+ industries. The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions. Don’t Miss Out on These Stocks Before you make your next investing move, we have a free report that highlights the %%CTA_TEXT%% to buy.Our experts at Zacks Investment Research hand-selected these stocks for their eye-opening growth projections.Since 1988, our stock picks have more than doubled the S&P 500 with an average gain of +23.89% per year using the Zacks Rank stock-rating system.Register now to see the %%CTA_TEXT%%.7 best stocksWant 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 SPAR Group, Inc. (SGRP): 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