Why Diebold Nixdorf, Incorporated (DBD) Outpaced the Stock Market Today

Diebold Nixdorf, Incorporated (DBD) ended the recent trading session at $69.79, demonstrating a +1.72% change from the preceding day's closing price. This move outpaced the S&P 500's daily gain of 1.16%. On the other hand, the Dow registered a gain of 1.21%, and the technology-centric Nasdaq increased by 1.18%. Shares of the company have appreciated by 0.4% over the course of the past month, outperforming the Computer and Technology sector's loss of 1.07%, and the S&P 500's loss of 0.42%.The investment community will be paying close attention to the earnings performance of Diebold Nixdorf, Incorporated in its upcoming release. The company is expected to report EPS of $1.73, up 78.35% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $1.1 billion, indicating a 11.12% upward movement from the same quarter last year. For the full year, the Zacks Consensus Estimates are projecting earnings of $4.42 per share and revenue of $3.8 billion, which would represent changes of +94.71% and 0%, respectively, from the prior year. Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Diebold Nixdorf, Incorporated. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the business outlook. Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system. The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Diebold Nixdorf, Incorporated is currently a Zacks Rank #3 (Hold). Digging into valuation, Diebold Nixdorf, Incorporated currently has a Forward P/E ratio of 13.59. This indicates a discount in contrast to its industry's Forward P/E of 22.98. The Internet - Software industry is part of the Computer and Technology sector. With its current Zacks Industry Rank of 66, this industry ranks in the top 27% of all industries, numbering over 250. The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions. Zacks' Research Chief Picks Stock Most Likely to "At Least Double"Our experts have revealed their Top 5 recommendations with money-doubling potential – and Director of Research Sheraz Mian believes one is superior to the others. Of course, all our picks aren’t winners but this one could far surpass earlier recommendations like Hims & Hers Health, which shot up +209%.See Our Top Stock to Double (Plus 4 Runners Up) >>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 Diebold Nixdorf, Incorporated (DBD): 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