Generac Holdings (GNRC) closed the most recent trading day at $104.70, moving +1.87% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.09%. Elsewhere, the Dow gained 0.2%, while the tech-heavy Nasdaq lost 4.87%.
Heading into today, shares of the generator maker had lost 7.59% over the past month, lagging the Computer and Technology sector's gain of 0.98% and the S&P 500's gain of 3.31% in that time.
Wall Street will be looking for positivity from Generac Holdings as it approaches its next earnings report date. This is expected to be May 3, 2023. In that report, analysts expect Generac Holdings to post earnings of $0.52 per share. This would mark a year-over-year decline of 75.12%. Meanwhile, our latest consensus estimate is calling for revenue of $858.16 million, down 24.45% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.96 per share and revenue of $4.1 billion, which would represent changes of -28.45% and -10.13%, respectively, from the prior year.
Investors might also notice recent changes to analyst estimates for Generac Holdings. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 6.96% lower. Generac Holdings is holding a Zacks Rank of #3 (Hold) right now.
Valuation is also important, so investors should note that Generac Holdings has a Forward P/E ratio of 17.24 right now. This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 17.24.
Investors should also note that GNRC has a PEG ratio of 1.72 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. The Electronics - Power Generation industry currently had an average PEG ratio of 1.38 as of yesterday's close.
The Electronics - Power Generation industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 114, which puts it in the top 46% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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