Constellium (CSTM) Outpaces Stock Market Gains: What You Should Know
In the latest trading session, Constellium (CSTM) closed at $16.23, marking a +1.82% move from the previous day. This change outpaced the S&P 500's 0.93% gain on the day. At the same time, the Dow added 0.56%, and the tech-heavy Nasdaq gained 1.71%.
Heading into today, shares of the aluminum company had gained 8.29% over the past month, outpacing the Industrial Products sector's gain of 4.17% and the S&P 500's gain of 4.61% in that time.
Constellium will be looking to display strength as it nears its next earnings release. On that day, Constellium is projected to report earnings of $0.38 per share, which would represent a year-over-year decline of 32.14%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.03 billion, down 16.27% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.32 per share and revenue of $7.8 billion. These totals would mark changes of -39.17% and -8.95%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for Constellium. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. Constellium is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note Constellium's current valuation metrics, including its Forward P/E ratio of 12.08. For comparison, its industry has an average Forward P/E of 12.08, which means Constellium is trading at a no noticeable deviation to the group.
The Metal Products - Distribution industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 113, putting it in the top 45% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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Constellium SE (CSTM) : Free Stock Analysis Report
