Powell Stock Plunges 10.1% Post Q4 Earnings: Is This a Buy Opportunity?

Shares of Powell Industries, Inc. (POWL) have lost 10.1% since it reported fourth-quarter fiscal 2024 (ended September 2024) results on Nov. 19. The company recorded sequential declines for both earnings and revenues in the quarter, with the latter falling short of the Zacks Consensus Estimate.POWL stock’s decline appears to have been influenced by the company’s cautious near-term outlook, with management acknowledging its fiscal first quarter to be seasonally slower.Notwithstanding the recent decline in it ...