In the latest close session, DXP Enterprises (DXPE) was down 1.48% at $115.82. This move lagged the S&P 500's daily loss of 0.13%. At the same time, the Dow lost 0.27%, and the tech-heavy Nasdaq lost 0.07%.
The industrial products supplier's shares have seen a decrease of 3.26% over the last month, not keeping up with the Industrial Products sector's gain of 1.77% and the S&P 500's gain of 2.71%.
Market participants will be closely following the financial results of DXP Enterprises in its upcoming release. The company is forecasted to report an EPS of $1.45, showcasing a 1.4% upward movement from the corresponding quarter of the prior year. Meanwhile, our latest consensus estimate is calling for revenue of $510 million, up 7.84% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.03 per share and a revenue of $1.94 billion, signifying shifts of +11.53% and +7.88%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for DXP Enterprises. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
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. Over the past month, there's been a 5.19% fall in the Zacks Consensus EPS estimate. DXP Enterprises presently features a Zacks Rank of #3 (Hold).
In the context of valuation, DXP Enterprises is at present trading with a Forward P/E ratio of 23.4. This expresses no noticeable deviation compared to the average Forward P/E of 23.4 of its industry.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 73, this industry ranks in the top 30% 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
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DXP Enterprises, Inc. (DXPE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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