In the latest trading session, DXP Enterprises (DXPE) closed at $119.00, marking a -6.74% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.38% for the day. On the other hand, the Dow registered a loss of 0.2%, and the technology-centric Nasdaq decreased by 0.67%.
Shares of the industrial products supplier have appreciated by 4.03% over the course of the past month, outperforming the Industrial Products sector's gain of 1.98%, and lagging the S&P 500's gain of 4.06%.
The investment community will be paying close attention to the earnings performance of DXP Enterprises in its upcoming release. In that report, analysts expect DXP Enterprises to post earnings of $1.45 per share. This would mark year-over-year growth of 1.4%. Our most recent consensus estimate is calling for quarterly revenue of $510 million, up 7.84% from the year-ago period.
Regarding the entire year, the Zacks Consensus Estimates forecast earnings of $4.75 per share and revenue of $1.94 billion, indicating changes of +5.32% and +7.88%, respectively, compared to the previous year.
Investors should also pay attention to any latest changes in analyst estimates for DXP Enterprises. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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, the Zacks Consensus EPS estimate has moved 10.38% lower. Right now, DXP Enterprises possesses a Zacks Rank of #3 (Hold).
Investors should also note DXP Enterprises's current valuation metrics, including its Forward P/E ratio of 26.86. This represents a premium compared to its industry average Forward P/E of 24.71.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 48, this industry ranks in the top 20% of all industries, numbering over 250.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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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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