In the latest trading session, Terex (TEX) closed at $57.40, marking a +0.6% move from the previous day. The stock outperformed the S&P 500, which posted a 0.18% gain on the day. Elsewhere, the Dow Jones gained 0.07%, while the tech-heavy Nasdaq added 0.1%.
Coming into today, shares of the machinery products maker had gained 11.55% over the past month. In that same time, the Industrial Products sector gained 4.77%, while the S&P 500 gained 2.75%.
Market participants will closely monitor Terex's financial results in its upcoming release. The company is expected to post EPS of $1.40, up 4.48% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $1.23 billion, up 0.65% from the year-ago period.
Investors should also take note of any recent adjustments to analyst estimates for Terex. These latter adjustments often reflect the changing dynamics of short-term trading patterns. As a result, optimistic estimate changes indicate analysts' favorable outlook on the health and profitability of the company's business.
Our research reveals that these estimate changes are directly related to near-future share price performance. To take advantage of this, we have formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has a notable, outside-audited track record of outperformance, with #1 stocks returning an average annual gain of + 25% since 1988. month, there has been a 0.67% drop in the Zacks Consensus EPS Estimate. Terex currently has a Zacks Rank of #3 (Hold).
Regarding valuation, Terex is currently trading with a Forward P/E ratio of 7.92. This represents a discount compared to its industry's average Forward P/E of 10.18.
Furthermore, we can see that TEX currently has a PEG ratio of 0.68. The PEG ratio is similar to the commonly used P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. At the market close yesterday, the Manufacturing, Construction and Mining industry had an average PEG ratio of 0.9.
The Manufacturing - Construction and Mining industry is part of the Industrial Products sector. This industry currently sits at #232 on the Zacks Industry Rank, putting it in the bottom 8% of all 250+ industries.
The Zacks Industry Rank assesses the strength of our specific industry groups by calculating the average Zacks Rank of the individual stocks incorporated into the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to monitor all of these stock-influencing metrics, and more, in the coming trading sessions.
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Terex Corporation (TEX): Free Stock Analysis Report
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