Core Viewpoint - Air Industries (AIRI) is experiencing a decline in stock performance, with upcoming financial results expected to show significant decreases in earnings and revenue compared to the previous year [1][2][3]. Company Performance - In the latest trading session, Air Industries' stock was down 1.24% at $3.18, underperforming the S&P 500's daily loss of 0.53% [1]. - Over the past month, shares of Air Industries have appreciated by 3.87%, outperforming the Aerospace sector's gain of 2.66% and the S&P 500's gain of 1.13% [1]. Financial Projections - The upcoming earnings per share (EPS) for Air Industries is projected to be -$0.22, reflecting an 83.33% decrease from the same quarter last year [2]. - Revenue is expected to be $10 million, indicating a 20.38% decline compared to the corresponding quarter of the prior year [2]. - For the entire year, the Zacks Consensus Estimates forecast earnings of -$0.61 per share and revenue of $48.29 million, representing changes of -48.78% and -12.37%, respectively, compared to the previous year [3]. Analyst Estimates - Recent changes to analyst estimates for Air Industries are crucial for investors, as they reflect evolving short-term business trends [4]. - The Zacks Rank system, which incorporates estimate changes, currently ranks Air Industries at 4 (Sell) [6]. Industry Context - The Aerospace - Defense industry, which includes Air Industries, holds a Zacks Industry Rank of 162, placing it in the bottom 35% of over 250 industries [7]. - The Zacks Industry Rank assesses the strength of industry groups based on the average Zacks Rank of individual stocks, indicating that top-rated industries outperform the bottom half by a factor of 2 to 1 [7].
Why Air Industries (AIRI) Dipped More Than Broader Market Today