HOUSTON, Nov. 05, 2024 (GLOBE NEWSWIRE) -- Powell Industries, Inc. (NASDAQ: POWL), a leading supplier of custom engineered solutions for the management, control and distribution of electrical energy, today announced that it will release results for the fiscal fourth quarter and year ended September 30, 2024 on Tuesday, November 19, 2024 after the market closes. In conjunction with the release, Powell Industries has scheduled a conference call, which will be broadcast live within the Investor Relations secti ...

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Shares of Powell Industries, Inc. (POWL) are showing impressive gains of late, hovering at more than $200 per share in the past seven trading sessions. The stock closed at $221.99 on Monday, just 1.8% below its 52- week high of $226. In the past three months, the electrical equipment manufacturer's shares have jumped 53.4%, outpacing the Zacks Manufacturing - Electronics industry and the S&P 500's returns of 5.4% and 4.0%, respectively. The company has also outperformed other industry players like EnerSys ( ...

Core Viewpoint - Powell Industries (POWL) has experienced significant stock performance, with a 19.3% increase over the past month and a 147% rise since the beginning of the year, outperforming the Zacks Industrial Products sector and the Zacks Manufacturing - Electronics industry [1] Financial Performance - In the last earnings report on July 30, 2024, Powell Industries reported an EPS of $3.79, exceeding the consensus estimate of $2.12, marking a strong record of positive earnings surprises [2] - For the current fiscal year, Powell Industries is projected to achieve earnings of $12.01 per share on revenues of $1.01 billion, reflecting a 191.5% increase in EPS and a 45% increase in revenues [3] - The next fiscal year is expected to see earnings of $12.44 per share on revenues of $1.05 billion, indicating a year-over-year change of 3.58% in EPS and 4% in revenues [3] Valuation Metrics - Powell Industries currently trades at 18.2X current fiscal year EPS estimates, below the peer industry average of 22.7X, and at 44.2X trailing cash flow compared to the peer group's average of 22X [7] - The stock has a PEG ratio of 1.3, which does not place it among the top echelon of stocks from a value perspective [7] Zacks Rank and Style Scores - Powell Industries holds a Zacks Rank of 1 (Strong Buy) due to rising earnings estimates, meeting the criteria for investors seeking stocks with strong potential [8] - The company has a Value Score of C, a Growth Score of B, and a Momentum Score of F, resulting in a combined VGM Score of B [6] Industry Comparison - Enersys (ENS), a peer in the industry, has a Zacks Rank of 2 (Buy) and shows strong earnings performance, with expected earnings of $8.94 per share on revenues of $3.75 billion for the current fiscal year [9][10] - The Manufacturing - Electronics industry is positioned in the top 9% of all industries, suggesting favorable conditions for both Powell Industries and Enersys [11]

Powell Industries (POWL) is one of the stocks most watched by Zacks.com visitors lately. So, it might be a good idea to review some of the factors that might affect the near-term performance of the stock. Over the past month, shares of this energy equipment company have returned -3.7%, compared to the Zacks S&P 500 composite's +2.9% change. During this period, the Zacks Manufacturing - Electronics industry, which Powell Industries falls in, has lost 2%. The key question now is: What could be the stock's fut ...

Core Viewpoint - Powell Industries, Inc. (POWL) has demonstrated significant stock performance, with an 86.9% increase over the past year, outperforming both the Zacks Manufacturing - Electronics industry and the Industrial Products sector [1] Company Performance - POWL's stock closed at $155.41, below its 52-week high of $209.14 but above its 52-week low of $72.51 [2] - The company reported a strong backlog of $1.3 billion as of June 2024, with expectations to recognize $841 million in revenues by the end of the third quarter of fiscal 2025 [4] - In the third quarter of fiscal 2024, POWL's revenues rose 50% year-over-year to $288 million, driven by robust project activity in oil and gas and petrochemical markets [6] Market Position and Growth Drivers - POWL has a strong presence in the oil and gas and petrochemical markets, with year-over-year growth of 56% and 158% in these sectors, respectively [7] - The company is benefiting from favorable trends in the U.S. natural gas market, which supports investments in LNG and related processes [8] - Powell is expanding its capacity, particularly in Houston, to enhance offerings in data centers, hydrogen, and carbon capture markets [9] Financial Metrics - POWL's trailing 12-month return on equity (ROE) is 33.09%, significantly higher than the industry's 10.01%, indicating efficient use of shareholders' funds [10] - The return on assets is 15.56%, also above the industry's 5.62%, reflecting effective asset utilization [11] - The forward 12-month price-to-earnings ratio for POWL is 12.52X, below the industry average of 21.44X, suggesting attractive valuation [13] Earnings Estimates - The Zacks Consensus Estimate for POWL's fiscal 2024 earnings is $12.01, indicating a year-over-year growth of 191.5% [16] - Earnings estimates have been revised upward over the past 60 days, reflecting analysts' optimism about the company's future performance [15] Investment Outlook - POWL is well-positioned for sustained growth and shareholder value, supported by a favorable valuation and strong earnings projections [19] - The company is seen as an ideal candidate for portfolio addition due to its solid momentum across end markets and focus on project execution [18]

dusanpetkovic/iStock via Getty Images The Thesis After a strong 2023 with double-digit topline expansion, Powell Industries (NASDAQ:POWL) has seen nearly 50% growth in the first three quarters of 2024 as demand remains healthy across most of the end market. I expect this to continue further in quarters ahead despite near term headwinds in the Oil and Gas end market as demand in other industrial markets like Petrochemical remains robust, which along with strong backlog levels should help the company in closi ...

Core Insights - The Fourth Industrial Revolution is driving innovation and productivity improvements across various sectors, with significant impacts expected over the next decade [1][2] - Powell Industries (NASDAQ:POWL) is positioned to benefit from Industry 4.0 trends by diversifying its offerings beyond traditional oil and gas sectors [3][4] - Recent financial performance indicates strong growth, with Powell Industries reporting a 50% increase in revenues year-over-year and a net income of $46.2 million [9][10] Industry Trends - The Fourth Industrial Revolution is characterized by advancements in AI, electrification, and digital automation, leading to increased economic productivity [1][2] - The demand for electric power is rising, particularly from AI-driven data centers, which is creating opportunities for companies like Powell Industries [11][12] Company Performance - Powell Industries has seen a total return of 285% since the initial article publication, with the stock price rising from $44.14 to approximately $168 [4][5] - The company reported earnings per share (EPS) of $3.79, up from $1.52 the previous year, and beat earnings estimates by 79% in the latest quarter [9][10] - Powell's backlog remains strong at $1.3 billion, with improved convertibility over the next 12 months [12] Growth Opportunities - Powell Industries is expanding its manufacturing capabilities, including a new $11 million factory addition expected to be completed in fiscal 2025 [11] - The company is investing in R&D, with a 49% increase year-to-date, focusing on new technologies such as automation and renewable energy [14][15] Market Position - Powell Industries is recognized as a leader in electrical distribution, with a strong market presence across various sectors including utilities and industrial markets [10][12] - The stock is currently rated as a Strong Buy by Zacks investments, reflecting positive market sentiment following strong earnings reports [9][10] Price Target and Valuation - The current price target for Powell Industries is estimated at $187 based on a forward P/E of 13.88, with potential for further increases as EPS estimates rise [18][19] - The stock is viewed as a Buy at the current price of approximately $168, with a Strong Buy rating if it drops below $150 due to market corrections [19]

Core Viewpoint - Growth stocks are appealing due to their potential for above-average financial growth, but identifying those that can fulfill their potential is challenging [1] Group 1: Company Overview - Powell Industries (POWL) is highlighted as a recommended growth stock with a favorable Growth Score and a top Zacks Rank [2] - The company has a historical EPS growth rate of 60.2%, with projected EPS growth of 191.5% this year, significantly surpassing the industry average of 16.3% [4] Group 2: Financial Metrics - Powell Industries exhibits a year-over-year cash flow growth of 153.4%, compared to the industry average of 15% [5] - The company's annualized cash flow growth rate over the past 3-5 years is 55.8%, while the industry average stands at 7.1% [6] Group 3: Earnings Estimates - The current-year earnings estimates for Powell Industries have increased by 32.9% over the past month, indicating a positive trend in earnings estimate revisions [8] - The combination of a Growth Score of B and a Zacks Rank 1 suggests that Powell Industries is a potential outperformer and a solid choice for growth investors [9]