Axon(US:AXON) ZACKSยท2024-07-25 23:00Company Overview - Axon Enterprise (AXON) closed at $310.81, reflecting a -0.73% change from the previous day, underperforming the S&P 500's loss of 0.51% [1] - The stock has increased by 6.91% over the past month, outperforming the Industrial Products sector's gain of 0.33% and the S&P 500's loss of 0.26% [1] Upcoming Earnings - The earnings report for Axon Enterprise is anticipated on August 6, 2024, with an expected EPS of $1.06, representing a 4.5% decline from the prior-year quarter [1] - Revenue is projected to be $476.92 million, indicating a 27.31% increase compared to the same quarter last year [1] Fiscal Year Estimates - For the entire fiscal year, the Zacks Consensus Estimates predict earnings of $4.64 per share and revenue of $1.98 billion, reflecting changes of +12.08% and +26.86% respectively from the previous year [2] Analyst Sentiment - Recent modifications to analyst estimates for Axon Enterprise indicate positive sentiment, as revisions often correlate with near-term business trends and stock price performance [2] - The Zacks Rank system currently rates Axon Enterprise at 3 (Hold), with a history of outperforming the market [3] Valuation Metrics - Axon Enterprise has a Forward P/E ratio of 67.5, which is significantly higher than the industry average Forward P/E of 24.54 [3] - The company also has a PEG ratio of 3.58, compared to the industry average PEG ratio of 2.18, indicating a premium valuation relative to expected earnings growth [3] Industry Context - The Security and Safety Services industry, part of the Industrial Products sector, holds a Zacks Industry Rank of 105, placing it in the top 42% of over 250 industries [4] - The top 50% rated industries tend to outperform the bottom half by a factor of 2 to 1, suggesting a favorable environment for Axon Enterprise within its industry [4]