In the latest trading session, DXP Enterprises (DXPE) closed at $139.98, marking a +1.6% move from the previous day. The stock's change was more than the S&P 500's daily loss of 0.51%. At the same time, the Dow added 0.53%, and the tech-heavy Nasdaq lost 1.51%.
Shares of the industrial products supplier witnessed a gain of 25.6% over the previous month, beating the performance of the Industrial Products sector with its gain of 10.34%, and the S&P 500's gain of 0.93%.
The upcoming earnings release of DXP Enterprises will be of great interest to investors. The company is expected to report EPS of $0.91, down 34.06% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $498.31 million, up 5.82% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.03 per share and a revenue of $1.99 billion, indicating changes of +11.53% and 0%, respectively, from the former year.
Investors should also take note of any recent adjustments to analyst estimates for DXP Enterprises. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed an unchanged state. DXP Enterprises is holding a Zacks Rank of #2 (Buy) right now.
In terms of valuation, DXP Enterprises is currently trading at a Forward P/E ratio of 26.05. This indicates a premium in contrast to its industry's Forward P/E of 24.79.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 73, putting it in the top 30% 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.
You can find more information on all of these metrics, and much 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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