Diebold Nixdorf, Incorporated (DBD) closed at $68.57 in the latest trading session, marking a +1.92% move from the prior day. The stock outperformed the S&P 500, which registered a daily gain of 0.88%. Meanwhile, the Dow experienced a rise of 0.38%, and the technology-dominated Nasdaq saw an increase of 1.31%.
Shares of the company have appreciated by 12.11% over the course of the past month, outperforming the Computer and Technology sector's gain of 1.49%, and the S&P 500's gain of 2.48%.
Market participants will be closely following the financial results of Diebold Nixdorf, Incorporated in its upcoming release. The company is predicted to post an EPS of $1.73, indicating a 78.35% growth compared to the equivalent quarter last year. Simultaneously, our latest consensus estimate expects the revenue to be $1.1 billion, showing a 11.12% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $3.51 per share and a revenue of $3.8 billion, demonstrating changes of +54.63% and +1.31%, respectively, from the preceding year.
Investors should also take note of any recent adjustments to analyst estimates for Diebold Nixdorf, Incorporated. These revisions typically reflect the latest short-term business trends, which can change frequently. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 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 last 30 days, the Zacks Consensus EPS estimate has witnessed a 20.59% decrease. Diebold Nixdorf, Incorporated is currently a Zacks Rank #3 (Hold).
In terms of valuation, Diebold Nixdorf, Incorporated is currently trading at a Forward P/E ratio of 19.17. This signifies a discount in comparison to the average Forward P/E of 29.31 for its industry.
The Internet - Software industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 55, which puts it in the top 23% of all 250+ industries.
The Zacks Industry Rank is ordered from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Diebold Nixdorf, Incorporated (DBD): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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