In the latest close session, Superior Group (SGC) was down 3.76% at $11.79. The stock's performance was behind the S&P 500's daily loss of 0.05%. Elsewhere, the Dow lost 0.59%, while the tech-heavy Nasdaq added 0.45%.
Shares of the uniform maker have appreciated by 0.57% over the course of the past month, underperforming the Consumer Discretionary sector's gain of 5.91%, and the S&P 500's gain of 3.44%.
The investment community will be closely monitoring the performance of Superior Group in its forthcoming earnings report. The company is forecasted to report an EPS of $0.22, showcasing a 33.33% downward movement from the corresponding quarter of the prior year. Alongside, our most recent consensus estimate is anticipating revenue of $144.42 million, indicating a 3.52% downward movement from the same quarter last year.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.47 per share and a revenue of $571.54 million, indicating changes of -35.62% and +1.04%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Superior Group. 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 business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 5.19% higher. Superior Group is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that Superior Group has a Forward P/E ratio of 25.88 right now. For comparison, its industry has an average Forward P/E of 16.73, which means Superior Group is trading at a premium to the group.
Also, we should mention that SGC has a PEG ratio of 2.59. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The average PEG ratio for the Textile - Apparel industry stood at 2.58 at the close of the market yesterday.
The Textile - Apparel industry is part of the Consumer Discretionary sector. With its current Zacks Industry Rank of 189, this industry ranks in the bottom 24% of all industries, numbering over 250.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Superior Group of Companies, Inc. (SGC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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