In the latest trading session, M-tron Industries, Inc. (MPTI) closed at $67.42, marking a +2.9% move from the previous day. This move outpaced the S&P 500's daily gain of 0.81%. Elsewhere, the Dow gained 0.63%, while the tech-heavy Nasdaq added 1.26%.
Shares of the company witnessed a gain of 5.25% over the previous month, trailing the performance of the Construction sector with its gain of 8.81%, and outperforming the S&P 500's loss of 0.25%.
Market participants will be closely following the financial results of M-tron Industries, Inc. in its upcoming release. The company is forecasted to report an EPS of $0.64, showcasing a 12.33% downward movement from the corresponding quarter of the prior year. Meanwhile, the latest consensus estimate predicts the revenue to be $14 million, indicating a 9.29% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $2.36 per share and a revenue of $54.05 million, signifying shifts of -10.94% and +10.28%, respectively, from the last year.
Investors might also notice recent changes to analyst estimates for M-tron Industries, Inc. 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.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 remained stagnant. At present, M-tron Industries, Inc. boasts a Zacks Rank of #3 (Hold).
From a valuation perspective, M-tron Industries, Inc. is currently exchanging hands at a Forward P/E ratio of 24.27. This represents a discount compared to its industry average Forward P/E of 25.03.
It is also worth noting that MPTI currently has a PEG ratio of 0.87. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. MPTI's industry had an average PEG ratio of 1.73 as of yesterday's close.
The Engineering - R and D Services industry is part of the Construction sector. At present, this industry carries a Zacks Industry Rank of 53, placing it within the top 22% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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 follow all of these stock-moving metrics, and many more, on Zacks.com.
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M-tron Industries, Inc. (MPTI): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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