SPX Technologies, Inc. (SPXC) Hit a 52 Week High, Can the Run Continue?

Core Viewpoint - SPX Technologies has shown strong stock performance, with a 13.5% increase over the past month and a 34.9% rise since the beginning of the year, outperforming both the Zacks Business Services sector and the Zacks Technology Services industry [1][2]. Financial Performance - The company has consistently exceeded earnings expectations, reporting an EPS of $1.65 against a consensus estimate of $1.45 in its last earnings report [2]. - For the current fiscal year, SPX Technologies is projected to achieve earnings of $6.53 per share on revenues of $2.23 billion, reflecting a 17.03% increase in EPS and a 12.55% increase in revenues [3]. - The next fiscal year forecasts earnings of $7.3 per share on revenues of $2.38 billion, indicating year-over-year changes of 11.91% and 6.43%, respectively [3]. Valuation Metrics - SPX Technologies currently trades at a valuation of 30.1X current fiscal year EPS estimates, which is above the peer industry average of 20.7X [7]. - On a trailing cash flow basis, the stock trades at 25.7X compared to the peer group's average of 11.6X [7]. - The company has a PEG ratio of 1.67, which does not place it among the top value stocks [7]. Zacks Rank and Style Scores - SPX Technologies holds a Zacks Rank of 2 (Buy), supported by favorable earnings estimate revisions from analysts [8]. - The stock has a Value Score of D, while its Growth and Momentum Scores are A and B, respectively, resulting in a combined VGM Score of B [6][9].