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Why Powell Industries (POWL) Dipped More Than Broader Market Today
PowellPowell(US:POWL) ZACKSยท2024-07-25 22:50

Company Overview - Powell Industries (POWL) has experienced a stock decline of 6.62% over the past month, underperforming the Industrial Products sector's gain of 0.33% and the S&P 500's loss of 0.26% [2] - The most recent trading price for Powell Industries was $133.76, reflecting a decrease of 1.36% from the previous trading day's close [6] Financial Performance - Powell Industries is projected to report earnings of $9.04 per share and revenue of $888.12 million for the full year, indicating year-over-year increases of 119.42% and 27%, respectively [7] - The upcoming earnings announcement is scheduled for July 30, 2024, with analysts expecting earnings of $2.12 per share, representing a year-over-year growth of 39.47%, and revenue of $217.37 million, reflecting a 13% increase from the same quarter last year [10] Valuation Metrics - The current PEG ratio for Powell Industries is 1.07, compared to the Manufacturing - Electronics industry's average PEG ratio of 1.97 [4] - Powell Industries has a Forward P/E ratio of 15, which is lower than the industry's average Forward P/E of 21.75 [8] Analyst Estimates and Rankings - Recent adjustments to analyst estimates for Powell Industries indicate a positive outlook for the company's business [1] - The Zacks Rank system currently rates Powell Industries as 1 (Strong Buy), with a historical average annual return of +25% for 1 rated stocks since 1988 [11] - The Manufacturing - Electronics industry holds a Zacks Industry Rank of 19, placing it in the top 8% of over 250 industries [12]