Air Industries (US:AIRI) ZACKSยท2024-08-06 23:00Company Performance - Air Industries (AIRI) closed at $3.27, reflecting a +1.87% change from the previous trading day's closing, outperforming the S&P 500's daily gain of 1.04% [1] - Over the past month, shares of Air Industries have depreciated by 3.46%, underperforming the Aerospace sector's gain of 3.74% and outperforming the S&P 500's loss of 6.74% [1] - The upcoming earnings report is anticipated to show an EPS of -$0.21, marking a 75% decline compared to the same quarter of the previous year, with a consensus estimate for quarterly revenue of $12 million, down 9.16% from the year-ago period [1] Full Year Estimates - For the full year, analysts expect earnings of -$0.65 per share and revenue of $53.01 million, indicating no change in earnings and a +2.9% increase in revenue from last year [2] - Recent changes to analyst estimates suggest a favorable outlook on the company's business health and profitability, with upbeat revisions reflecting near-term business trends [2] Zacks Rank and Industry Position - Air Industries currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining steady over the past month [3] - The Aerospace - Defense industry, part of the Aerospace sector, holds a Zacks Industry Rank of 68, placing it in the top 27% of all 250+ industries [3] - The Zacks Industry Rank assesses the strength of specific industry groups, indicating that the top 50% rated industries outperform the bottom half by a factor of 2 to 1 [3]