Atmus Filtration Technologies (US:ATMU) ZACKSยท2024-08-19 14:15Core Viewpoint - Atmus Filtration Technologies (ATMU) has shown significant stock performance, with a 9.5% increase over the past month and a 44% gain since the beginning of the year, outperforming both the Zacks Industrial Products sector and the Zacks Pollution Control industry [1] Group 1: Stock Performance - The stock reached a new 52-week high of $34.2 in the previous session [1] - Year-to-date, Atmus Filtration has outperformed the Zacks Industrial Products sector, which increased by 5.8%, and the Zacks Pollution Control industry, which saw a 24.2% return [1] Group 2: Earnings Performance - Atmus Filtration has consistently exceeded earnings expectations, not missing the consensus estimate in the last four quarters [2] - In the latest earnings report on August 2, 2024, the company reported an EPS of $0.71, surpassing the consensus estimate of $0.58, and beat the revenue estimate by 3.72% [2] - For the current fiscal year, earnings are projected at $2.33 per share on revenues of $1.67 billion, reflecting a 0.87% change in EPS and a 2.43% change in revenues [2] - For the next fiscal year, expected earnings are $2.47 per share on $1.71 billion in revenues, indicating a year-over-year change of 6.12% in EPS and 2.82% in revenues [2] Group 3: Valuation Metrics - The stock trades at 14.5X current fiscal year EPS estimates, below the peer industry average of 28.8X [4] - On a trailing cash flow basis, Atmus Filtration trades at 13.1X compared to the peer group's average of 21.6X [4] - The stock has a PEG ratio of 3.87, which does not position it among the top echelon of stocks from a value perspective [4] Group 4: Zacks Rank - Atmus Filtration holds a Zacks Rank of 2 (Buy), supported by rising earnings estimates [5] - The company meets the criteria for selection, as it has a Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B [5] - This suggests that Atmus Filtration shares may have further upside potential in the near term [5]