In the latest market close, Powell Industries (POWL) reached $252, with a -1.47% movement compared to the previous day. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq gained 0.12%.

Coming into today, shares of the energy equipment company had lost 14.89% in the past month. In that same time, the Industrial Products sector lost 6.3%, while the S&P 500 gained 1.27%.

Analysts and investors alike will be keeping a close eye on the performance of Powell Industries in its upcoming earnings disclosure. On that day, Powell Industries is projected to report earnings of $2.83 per share, which would represent year-over-year growth of 42.93%. Alongside, our most recent consensus estimate is anticipating revenue of $244.17 million, indicating a 25.85% upward movement from the same quarter last year.

For the full year, the Zacks Consensus Estimates project earnings of $13.70 per share and a revenue of $1.11 billion, demonstrating changes of +11.47% and +9.33%, respectively, from the preceding year.

Investors might also notice recent changes to analyst estimates for Powell Industries. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the company's business health and profitability.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 10.09% higher within the past month. Powell Industries is holding a Zacks Rank of #1 (Strong Buy) right now.

Valuation is also important, so investors should note that Powell Industries has a Forward P/E ratio of 18.67 right now. This signifies a discount in comparison to the average Forward P/E of 23.98 for its industry.

Meanwhile, POWL's PEG ratio is currently 1.33. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. By the end of yesterday's trading, the Manufacturing - Electronics industry had an average PEG ratio of 2.13.

The Manufacturing - Electronics industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 148, this industry ranks in the bottom 42% of all industries, numbering over 250.