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A month has gone by since the last earnings report for Heico Corporation (HEI). Shares have added about 3.7% in that time frame, outperforming the S&P 500.
Will the recent positive trend continue leading up to its next earnings release, or is Heico due for a pullback? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at the most recent earnings report in order to get a better handle on the important drivers.
How Have Estimates Been Moving Since Then?
It turns out, estimates review have trended downward during the past month.
VGM Scores
At this time, Heico has a nice Growth Score of B, though it is lagging a lot on the Momentum Score front with an F. Following the exact same course, the stock was allocated a grade of F on the value side, putting it in the lowest quintile for this investment strategy.
Overall, the stock has an aggregate VGM Score of D. If you aren't focused on one strategy, this score is the one you should be interested in.
Outlook
Estimates have been broadly trending downward for the stock, and the magnitude of these revisions indicates a downward shift. Notably, Heico has a Zacks Rank #2 (Buy). We expect an above average return from the stock in the next few months.
Performance of an Industry Player
Heico is part of the Zacks Aerospace - Defense Equipment industry. Over the past month, Curtiss-Wright (CW), a stock from the same industry, has gained 3%. The company reported its results for the quarter ended December 2024 more than a month ago.
Curtiss-Wright reported revenues of $824.31 million in the last reported quarter, representing a year-over-year change of +4.9%. EPS of $3.27 for the same period compares with $3.16 a year ago.
Curtiss-Wright is expected to post earnings of $2.40 per share for the current quarter, representing a year-over-year change of +20.6%. Over the last 30 days, the Zacks Consensus Estimate has changed -0.1%.
The overall direction and magnitude of estimate revisions translate into a Zacks Rank #3 (Hold) for Curtiss-Wright. Also, the stock has a VGM Score of B.
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Heico Corporation (HEI) : Free Stock Analysis Report
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This article originally published on Zacks Investment Research (zacks.com).