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Investors Heavily Search AZZ Inc. (AZZ): Here is What You Need to Know
AZZAZZ(US:AZZ) ZACKSยท2024-06-24 14:01

Core Viewpoint - AZZ has experienced a decline of -7.6% in share price over the past month, contrasting with the S&P 500's increase of +2.7% and the Zacks Manufacturing - Electronics industry's loss of -4.7% [1] Earnings Estimates Revisions - AZZ is projected to report earnings of $1.31 per share for the current quarter, reflecting a year-over-year increase of +14.9%, with a recent estimate change of +0.5% [2] - The consensus earnings estimate for the current fiscal year stands at $4.96, indicating a year-over-year change of +9.5%, with a +2.3% change over the last 30 days [3] - For the next fiscal year, the earnings estimate is $5.76, representing a +16.1% change from the previous year, although it has decreased by -0.7% recently [3] - AZZ holds a Zacks Rank 1 (Strong Buy), indicating strong potential for near-term price performance based on earnings estimate revisions [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $398.9 million, showing a year-over-year increase of +2.1% [4] - For the current fiscal year, the revenue estimate is $1.6 billion, reflecting a +4% change, while the next fiscal year's estimate is $1.69 billion, indicating a +5.9% change [4] Last Reported Results and Surprise History - In the last reported quarter, AZZ achieved revenues of $366.5 million, a year-over-year increase of +8.9%, and an EPS of $0.93 compared to $0.30 a year ago [5] - The reported revenues exceeded the Zacks Consensus Estimate of $354.14 million by +3.49%, and the EPS surpassed estimates by +32.86% [5] - Over the last four quarters, AZZ has exceeded consensus EPS estimates three times and has also surpassed revenue estimates three times [6] Valuation - Valuation analysis is crucial for determining if AZZ's stock price reflects its intrinsic value and growth prospects [7] - AZZ is graded B in the Zacks Value Style Score, indicating it is trading at a discount compared to its peers [8] Bottom Line - The information presented suggests that AZZ may outperform the broader market in the near term, supported by its strong Zacks Rank [9]