Axon Enterprise (AXON) Suffers a Larger Drop Than the General Market: Key Insights

Company Performance - Axon Enterprise (AXON) closed at $665.08, reflecting a -0.62% change from the previous session, underperforming the S&P 500's daily loss of 0.27% [1] - Over the past month, shares of Axon have increased by 15.43%, outperforming the Aerospace sector's gain of 4.52% and the S&P 500's gain of 4.27% [2] Upcoming Earnings - The company is expected to report an EPS of$ 1.51, representing a 34.82% increase from the prior-year quarter, with a consensus revenue estimate of $567.56 million, indicating a 31.34% increase from the same quarter last year [3] Analyst Projections - Recent shifts in analyst projections for Axon Enterprise should be monitored, as upward revisions indicate analysts' positive outlook on the company's business operations and profit generation capabilities [4] Valuation Metrics - Axon Enterprise has a Forward P/E ratio of 103.03, significantly higher than the industry average of 30.7, and a PEG ratio of 3.46 compared to the industry average of 2.47 [7] Industry Context - The Aerospace - Defense Equipment industry, which includes Axon, has a Zacks Industry Rank of 138, placing it in the bottom 46% of over 250 industries, suggesting that the industry is underperforming compared to the top half [8]