In the latest trading session, DXP Enterprises (DXPE) closed at $90.04, marking a +2.73% move from the previous day. The stock exceeded the S&P 500, which registered a loss of 0.11% for the day. Meanwhile, the Dow gained 0.91%, and the Nasdaq, a tech-heavy index, lost 0.82%.
Shares of the industrial products supplier witnessed a gain of 6.5% over the previous month, beating the performance of the Industrial Products sector with its gain of 5.41%, and the S&P 500's gain of 5.17%.
The investment community will be paying close attention to the earnings performance of DXP Enterprises in its upcoming release.
DXPE's full-year Zacks Consensus Estimates are calling for earnings of $5.3 per share and revenue of $0 million. These results would represent year-over-year changes of +17.52% and 0%, respectively.
Investors should also take note of any recent adjustments to analyst estimates for DXP Enterprises. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health 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.
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 0.38% higher. DXP Enterprises is holding a Zacks Rank of #2 (Buy) right now.
Investors should also note DXP Enterprises's current valuation metrics, including its Forward P/E ratio of 16.54. This represents a discount compared to its industry average Forward P/E of 22.63.
The Manufacturing - General Industrial industry is part of the Industrial Products sector. With its current Zacks Industry Rank of 78, this industry ranks in the top 32% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. 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.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
DXP Enterprises, Inc. (DXPE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
Zacks Investment Research
