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The latest trading session saw Powell Industries (POWL) ending at $167.24, denoting a +0.17% adjustment from its last day's close. The stock's change was more than the S&P 500's daily gain of 0.13%. On the other hand, the Dow registered a loss of 1.33%, and the technology-centric Nasdaq decreased by 0.13%.
Shares of the energy equipment company have depreciated by 8.02% over the course of the past month, outperforming the Industrial Products sector's loss of 10.03% and lagging the S&P 500's loss of 6.3%.
Market participants will be closely following the financial results of Powell Industries in its upcoming release. The company's upcoming EPS is projected at $3.34, signifying a 21.45% increase compared to the same quarter of the previous year. Alongside, our most recent consensus estimate is anticipating revenue of $277.33 million, indicating an 8.71% upward movement from the same quarter last year.
POWL's full-year Zacks Consensus Estimates are calling for earnings of $13.71 per share and revenue of $1.11 billion. These results would represent year-over-year changes of +11.55% and +9.6%, respectively.
Investors might also notice recent changes to analyst estimates for Powell Industries. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Powell Industries currently has a Zacks Rank of #3 (Hold).
Investors should also note Powell Industries's current valuation metrics, including its Forward P/E ratio of 12.18. This valuation marks a discount compared to its industry's average Forward P/E of 17.86.
We can also see that POWL currently has a PEG ratio of 0.87. 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. As of the close of trade yesterday, the Manufacturing - Electronics industry held an average PEG ratio of 1.62.