DXP Enterprises (DXPE) Sees a More Significant Dip Than Broader Market: Some Facts to Know

Company Performance - DXP Enterprises (DXPE) closed at $88.29, down 1.8% from the previous trading session, underperforming the S&P 500's loss of 0.5% [1] - Over the past month, DXP Enterprises' shares have decreased by 15.38%, significantly trailing the Industrial Products sector's loss of 6.92% and the S&P 500's loss of 0.47% [1] Earnings and Analyst Estimates - The upcoming earnings release of DXP Enterprises is highly anticipated by investors, with recent changes to analyst estimates indicating evolving near-term business trends [2] - Positive estimate revisions are interpreted as a favorable sign for the company's business outlook [2][3] Zacks Rank and Valuation - DXP Enterprises currently holds a Zacks Rank of 3 (Hold), with the Zacks Consensus EPS estimate remaining stagnant over the past month [4] - The company has a Forward P/E ratio of 20.86, which is a discount compared to the industry's average Forward P/E of 23.15 [5] - The Manufacturing - General Industrial industry, part of the Industrial Products sector, has a Zacks Industry Rank of 141, placing it in the bottom 44% of over 250 industries [5]