Hudson Technologies (HDSN) Gains But Lags Market: What You Should Know
In the latest trading session, Hudson Technologies (HDSN) closed at $10, marking a +0.6% move from the previous day. This move lagged the S&P 500's daily gain of 1.19%. At the same time, the Dow added 0.76%, and the tech-heavy Nasdaq gained 0.29%.
Heading into today, shares of the refrigerant services company had lost 0.6% over the past month, lagging the Industrial Products sector's gain of 3.88% and the S&P 500's gain of 4.06% in that time.
Wall Street will be looking for positivity from Hudson Technologies as it approaches its next earnings report date. The company is expected to report EPS of $0.06, down 53.85% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $34 million, down 10.01% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Hudson Technologies. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. Within the past 30 days, our consensus EPS projection remained stagnant. Hudson Technologies is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, Hudson Technologies is currently trading at a Forward P/E ratio of 6.58. Its industry sports an average Forward P/E of 13.22, so we one might conclude that Hudson Technologies is trading at a discount comparatively.
It is also worth noting that HDSN currently has a PEG ratio of 0.22. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Industrial Services was holding an average PEG ratio of 1.15 at yesterday's closing price.
The Industrial Services industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 153, which puts it in the bottom 40% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow HDSN in the coming trading sessions, be sure to utilize Zacks.com.
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Hudson Technologies, Inc. (HDSN) : Free Stock Analysis Report
