Is Trending Stock AZZ Inc. (AZZ) a Buy Now?

Core Viewpoint - AZZ has been experiencing a decline in stock performance, with a return of -5.3% over the past month, compared to the S&P 500's -3.2% and the Zacks Manufacturing - Electronics industry's -3.9% [1] Earnings Estimate Revisions - The current quarter's earnings estimate for AZZ is $1.30 per share, reflecting a +14% change year-over-year, with a +5.7% increase in the Zacks Consensus Estimate over the last 30 days [3] - The consensus earnings estimate for the current fiscal year is $4.83, indicating a +6.6% year-over-year change, with a +4.6% revision in the last 30 days [3] - For the next fiscal year, the earnings estimate is $5.83, showing a +20.6% change from the previous year, with a +6.6% increase in the estimate over the past month [3] - AZZ is rated Zacks Rank 1 (Strong Buy) due to significant changes in earnings estimates and other related factors [3] Revenue Growth Forecast - The consensus sales estimate for the current quarter is $398.9 million, indicating a +2.1% year-over-year change [5] - The revenue estimates for the current and next fiscal years are $1.6 billion and $1.71 billion, reflecting changes of +4.2% and +6.5%, respectively [5] Last Reported Results and Surprise History - In the last reported quarter, AZZ achieved revenues of $366.5 million, a +8.9% year-over-year increase, and an EPS of $0.93 compared to $0.30 a year ago [6] - The reported revenues exceeded the Zacks Consensus Estimate of $354.14 million by +3.49%, and the EPS surpassed estimates by +32.86% [6] - Over the last four quarters, AZZ has surpassed consensus EPS estimates three times and revenue estimates three times [7] Valuation - AZZ is graded B in the Zacks Value Style Score, indicating it is trading at a discount to its peers [9] - Valuation multiples such as price-to-earnings (P/E), price-to-sales (P/S), and price-to-cash flow (P/CF) are essential for assessing whether AZZ's stock is fairly valued compared to its historical values and peers [8] Conclusion - The information suggests that AZZ may outperform the broader market in the near term, supported by its strong Zacks Rank [10]