Powell Industries (POWL) Beats Q4 Earnings Estimates

Core Insights - Powell Industries (POWL) reported quarterly earnings of $3.77 per share, exceeding the Zacks Consensus Estimate of $3.49 per share, and showing significant growth from $1.95 per share a year ago, resulting in an earnings surprise of 8.02% [1] - The company achieved revenues of $275.06 million for the quarter ended September 2024, which was slightly below the Zacks Consensus Estimate by 0.59%, but an increase from $208.64 million year-over-year [2] - Powell Industries has outperformed the S&P 500, with shares increasing approximately 226.9% since the beginning of the year compared to the S&P 500's gain of 23.6% [3] Earnings Outlook - The current consensus EPS estimate for the upcoming quarter is $2.70, with expected revenues of $242.52 million, and for the current fiscal year, the EPS estimate is $12.44 on revenues of $1.05 billion [7] - The estimate revisions trend for Powell Industries is mixed, leading to a Zacks Rank 3 (Hold), indicating that shares are expected to perform in line with the market in the near future [6] Industry Context - The Manufacturing - Electronics industry, to which Powell Industries belongs, is currently ranked in the bottom 36% of over 250 Zacks industries, suggesting that the industry's outlook may impact the stock's performance [8]