DXP Enterprises (DXPE) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Performance - DXP Enterprises (DXPE) experienced a decline of 2.22% in its stock price, closing at $119.94, while the S&P 500 gained 0.27% [1] - Prior to the recent trading session, DXP's shares had increased by 6.26%, outperforming the Industrial Products sector's gain of 1.35% and the S&P 500's gain of 1.85% [1] Earnings Forecast - The Zacks Consensus Estimates project DXP Enterprises to report earnings of $5.3 per share and revenue of $0 million for the year, reflecting a year-over-year earnings increase of 17.52% and no change in revenue [2] Analyst Estimates - Recent adjustments to analyst estimates for DXP Enterprises are crucial as they indicate the evolving short-term business trends, with positive revisions suggesting analysts' confidence in the company's performance and profit potential [3] Valuation Metrics - DXP Enterprises is currently trading at a Forward P/E ratio of 23.14, which aligns with the industry average Forward P/E of 23.14 [6] - The Manufacturing - General Industrial industry, to which DXP belongs, holds a Zacks Industry Rank of 48, placing it in the top 20% of over 250 industries [6] Zacks Rank System - The Zacks Rank system, which ranges from 1 (Strong Buy) to 5 (Strong Sell), indicates that DXP Enterprises currently holds a Zacks Rank of 3 (Hold) [5] - The Zacks Rank has a proven track record, with 1 stocks averaging an annual return of +25% since 1988 [5]