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M-tron Industries, Inc. (MPTI) closed the most recent trading day at $56.91, moving -1.62% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.58%. Elsewhere, the Dow saw an upswing of 0.75%, while the tech-heavy Nasdaq appreciated by 0.55%.
Coming into today, shares of the company had gained 29.88% in the past month. In that same time, the Construction sector lost 1.18%, while the S&P 500 lost 0.84%.
The investment community will be paying close attention to the earnings performance of M-tron Industries, Inc. in its upcoming release. In that report, analysts expect M-tron Industries, Inc. to post earnings of $0.66 per share. This would mark year-over-year growth of 24.53%. Our most recent consensus estimate is calling for quarterly revenue of $13 million, up 16.18% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.72 per share and a revenue of $53.7 million, indicating changes of +2.64% and +9.57%, respectively, from the former year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for M-tron Industries, Inc. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. M-tron Industries, Inc. is currently a Zacks Rank #1 (Strong Buy).
With respect to valuation, M-tron Industries, Inc. is currently being traded at a Forward P/E ratio of 21.27. This expresses a premium compared to the average Forward P/E of 18.23 of its industry.
It's also important to note that MPTI currently trades at a PEG ratio of 0.76. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The average PEG ratio for the Engineering - R and D Services industry stood at 1.74 at the close of the market yesterday.
The Engineering - R and D Services industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 33, placing it within the top 14% of over 250 industries.