In the latest trading session, DXP Enterprises (DXPE) closed at $121.00, marking a -1.19% move from the previous day. The stock fell short of the S&P 500, which registered a loss of 0.99% for the day. Elsewhere, the Dow lost 0.23%, while the tech-heavy Nasdaq lost 1.58%.
The stock of industrial products supplier has fallen by 0.44% in the past month, lagging the Industrial Products sector's gain of 4.45% and the S&P 500's gain of 3.59%.
The upcoming earnings release of DXP Enterprises will be of great interest to investors. The company is expected to report EPS of $1.45, up 1.4% from the prior-year quarter. Meanwhile, the latest consensus estimate predicts the revenue to be $510 million, indicating a 7.84% increase compared to the same quarter of the previous year.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $4.75 per share and revenue of $1.94 billion. These totals would mark changes of +5.32% and +7.88%, respectively, from last year.
It's also important for investors to be aware of any recent modifications to analyst estimates for DXP Enterprises. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 5.47% lower. DXP Enterprises presently features a Zacks Rank of #3 (Hold).
Looking at valuation, DXP Enterprises is presently trading at a Forward P/E ratio of 25.78. For comparison, its industry has an average Forward P/E of 23.56, which means DXP Enterprises is trading at a premium to the group.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 158, this industry ranks in the bottom 37% 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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