Why Is MRC (MRC) Up 9.6% Since Last Earnings Report?

Company Overview - MRC Global (MRC) shares have increased by approximately 9.6% over the past month, outperforming the S&P 500 [1] - Recent earnings report indicates a need to analyze important drivers for the stock's performance [1] Earnings Estimates - Estimates for MRC have trended downward over the past month, indicating a negative outlook [2][4] - The stock currently holds a Zacks Rank of 5 (Strong Sell), suggesting expectations of below-average returns in the coming months [4] VGM Scores - MRC has a strong Growth Score of A, but a lower Momentum Score of C, and a Value Score of B, resulting in an aggregate VGM Score of A [3] Industry Performance - MRC is part of the Zacks Steel - Pipe and Tube industry, where Valmont Industries (VMI) has gained 6.9% over the past month [5] - Valmont reported revenues of $969.31 million for the last quarter, reflecting a year-over-year decline of 0.9% [5] - For the current quarter, Valmont is expected to post earnings of $4.70 per share, indicating a year-over-year change of -1.3% [6]