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. Shares of the industrial products supplier have appreciated by 11.86% over the course of the past month, outperforming the Industrial Products sector's gain of 3.98% and the S&P 500's gain of 1.96%. Investors might also notice recent changes to analyst estimates ...

Here are three stocks with buy rank and strong momentum characteristics for investors to consider today, May 29: DXP Enterprises, Inc. (DXPE) : Thisindustrial distributor company has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 13% over the last 60 days. DXP Enterprises' shares gained 39.5% over the last three months compared with the S&P 500's advance of 0.2%. The company possesses a Momentum Score of B. Engie SA (ENGIY) : This energy company has a Zac ...

Here are three stocks with buy rank and strong value characteristics for investors to consider today, May 29: Navios Maritime Partners L.P. (NMM) : This dry bulk shipping company carries a Zacks Rank #1, and has witnessed the Zacks Consensus Estimate for its current year earnings increasing 5.3% over the last 60 days. Navios Maritime has a price-to-earnings ratio (P/E) of 3.21 compared with 11.60 for the industry. The company possesses a Value Score of A. See the full list of top ranked stocks here. Learn m ...

Investors interested in Industrial Products stocks should always be looking to find the best-performing companies in the group. Is DXP Enterprises (DXPE) one of those stocks right now? Let's take a closer look at the stock's year-to-date performance to find out. DXP Enterprises is a member of our Industrial Products group, which includes 221 different companies and currently sits at #3 in the Zacks Sector Rank. The Zacks Sector Rank gauges the strength of our 16 individual sector groups by measuring the ave ...

While "the trend is your friend" when it comes to short-term investing or trading, timing entries into the trend is a key determinant of success. And increasing the odds of success by making sure the sustainability of a trend isn't easy. Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate revisions, ...

Howmet Aerospace (HWM) : This company which engages in providing engineered solutions for customers in the transportation and aerospace (both defense and commercial) industries, has a Zacks Rank #1(Strong Buy), and witnessed the Zacks Consensus Estimate for its current year earnings increasing 10.1% over the last 60 days. Howmet Aerospace's shares gained 31.5% over the last three month compared with the S&P 500's gain of 6.8%. The company possesses a Momentum Score of B. DXP Enterprises (DXPE) : This compan ...

Momentum investing is essentially an exception to the idea of "buying low and selling high." Investors following this style of investing are usually not interested in betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time. Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potent ...

Financial Data and Key Metrics Changes - Total DXP sales for Q1 increased 1.4% sequentially to $412.6 million, averaging $6.6 million per business day [14][44] - Adjusted EBITDA for Q1 was $40.3 million, with adjusted EBITDA margins at 9.8%, slightly below the recent 10%-plus trends due to seasonality and one-time costs [23][40] - Gross profit margins improved to 30%, a 55 basis point increase compared to Q1 2023 [22][40] - Net income for Q1 was $11.3 million, with diluted earnings per share at $0.67, adjusted to $0.74 when accounting for one-time items [68] Business Line Data and Key Metrics Changes - Innovative Pumping Solutions (IPS) grew sales 3.2% sequentially and 21% year-over-year, driven by energy-related backlog growth [20][21] - Service Centers experienced a 1.1% sequential growth but a 5.7% decline year-over-year [20] - Supply Chain Services also grew 1.1% sequentially but saw a 7.6% decline year-over-year due to facility closures and efficiency improvements [39][46] Market Data and Key Metrics Changes - The ISM PMI manufacturing index improved from 49.1% in January to 50.3% in March, indicating a shift from contraction to growth, but fell back to 49.2% in April [36] - Sales per business day increased from $5.9 million in January to $7.5 million in March, reflecting typical quarter-end activity [37][44] Company Strategy and Development Direction - The company is focused on organic and inorganic growth, with a strategy to diversify through acquisitions, having closed three acquisitions in Q1 [11][26] - DXP aims to enhance gross profit margins and EBITDA margins through strategic capital allocation and operational efficiencies [4][17] - The company is positioning itself to capture market share in industrial, energy, and utility sectors, with a strong emphasis on ESG objectives [10][12] Management's Comments on Operating Environment and Future Outlook - Management expressed optimism about the resilience of industrial end markets, attributing growth to price increases and market share gains [12][34] - The company anticipates continued strong demand in the oil and gas sector and expects to benefit from a good cycle in energy-related project work [13][15] - Management acknowledged inflationary pressures but emphasized their ability to manage costs and maintain profitability [41][81] Other Important Information - DXP produced over $24.1 million in free cash flow, marking a solid start to the year [17][49] - The company repurchased 326,000 shares for $16.8 million during the quarter, reflecting a commitment to returning capital to shareholders [17][51] - Return on invested capital (ROIC) was reported at 36.3% at the end of Q1 [70] Q&A Session Summary Question: Trends in sales per business day for April and early May - Management noted that sales per business day in April were $6.8 million, reflecting a 2.7% year-over-year increase [74][75] Question: Expectations for revenue progression in Q2 - Management indicated that typically Q2 outperforms Q1, and they expect similar trends this year [78] Question: Attainability of 10% EBITDA margin - Management believes the 10% EBITDA margin is attainable in Q2, citing seasonality and one-time costs as factors affecting Q1 results [59][60] Question: Insights on growth initiatives and acquisitions - Management discussed ongoing efforts to capture national accounts and the potential for significant sales from integrated supply services [62][63] Question: Details on upcoming acquisitions - Management mentioned plans for a tuck-in acquisition with expected revenue of $25 million to $35 million, maintaining strong profitability [91]

DXP Enterprises (DXPE) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The Zacks rating relies solely on a company's changing earnings picture. It tracks EPS estimates for the current and following years from the sell-side analysts covering the stock through a consensus measure -- the Zacks Consensus Estimate.Since a chang ...

For those looking to find strong Industrial Products stocks, it is prudent to search for companies in the group that are outperforming their peers. Has DXP Enterprises (DXPE) been one of those stocks this year? A quick glance at the company's year-to-date performance in comparison to the rest of the Industrial Products sector should help us answer this question.DXP Enterprises is a member of our Industrial Products group, which includes 222 different companies and currently sits at #3 in the Zacks Sector Ra ...