DXP Enterprises (DXPE) ended the recent trading session at $115.48, demonstrating a +1.19% change from the preceding day's closing price. The stock outpaced the S&P 500's daily gain of 0.16%. Elsewhere, the Dow gained 0.17%, while the tech-heavy Nasdaq added 0.26%.
The industrial products supplier's stock has climbed by 4.35% in the past month, falling short of the Industrial Products sector's gain of 5.25% and outpacing the S&P 500's gain of 1.89%.
The investment community will be paying close attention to the earnings performance of DXP Enterprises in its upcoming release. The company's earnings per share (EPS) are projected to be $0.91, reflecting a 34.06% decrease from the same quarter last year. Meanwhile, the latest consensus estimate predicts the revenue to be $498.31 million, indicating a 5.82% 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 $5.03 per share and revenue of $1.99 billion. These totals would mark changes of +11.53% and 0%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for DXP Enterprises. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. DXP Enterprises is holding a Zacks Rank of #2 (Buy) right now.
In the context of valuation, DXP Enterprises is at present trading with a Forward P/E ratio of 21.57. This denotes a discount relative to the industry average Forward P/E of 22.64.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This industry, currently bearing a Zacks Industry Rank of 157, finds itself in the bottom 36% echelons of all 250+ industries.
The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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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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