Axon Enterprise (AXON) Rises As Market Takes a Dip: Key Facts

Company Performance - Axon Enterprise (AXON) closed at $443.98, with a daily increase of +1.35%, outperforming the S&P 500 which fell by 0.18% [1] - Over the last month, Axon's shares increased by 11.38%, surpassing the Industrial Products sector's gain of 5.13% and the S&P 500's gain of 4.46% [1] - The upcoming earnings report is expected to show an EPS of $1.21, reflecting an 18.63% growth year-over-year, with quarterly revenue projected at $526.43 million, up 27.28% from the previous year [1] Fiscal Year Estimates - For the entire fiscal year, earnings are predicted to be $4.91 per share and revenue at $2.04 billion, indicating increases of +18.6% and +30.55% respectively from the previous year [2] - Recent revisions to analyst forecasts for Axon Enterprise are crucial as they indicate the changing nature of near-term business trends, with positive revisions suggesting a favorable outlook on the company's health and profitability [2] Valuation Metrics - Axon Enterprise has a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining steady over the past month [3] - The company is currently trading at a Forward P/E ratio of 89.27, which is a premium compared to the industry average Forward P/E of 22.36 [3] - The PEG ratio for Axon is 4.29, compared to the Security and Safety Services industry's average PEG ratio of 2.25 [3] Industry Context - The Security and Safety Services industry, part of the Industrial Products sector, has a Zacks Industry Rank of 160, placing it in the bottom 37% of over 250 industries [4] - The strength of individual industry groups is measured by the Zacks Industry Rank, with top-rated industries outperforming the bottom half by a factor of 2 to 1 [4]