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

SPAR Group, Inc. (SGRP) 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. Should You Invest in SPAR Group, Inc. (SGRP)?Before you invest in SPAR Group, Inc. (SGRP), want to know the best stocks to buy for the next 30 days? Check out Zacks Investment Research for our free report on the 7 best stocks to buy.Zacks Investment Research has been committed to providing investors with tools and independent research since 1978. For more than a quarter century, the Zacks Rank stock-rating system has more than doubled the S&P 500 with an average gain of +24.08% per year. (These returns cover a period from January 1, 1988 through May 6, 2024.)Want 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