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inTest (INTT) closed at $7.65 in the latest trading session, marking a -0.78% move from the prior day. This move lagged the S&P 500's daily loss of 0.35%. Meanwhile, the Dow lost 0.4%, and the Nasdaq, a tech-heavy index, lost 0.39%.
Prior to today's trading, shares of the company had gained 8.21% over the past month. This has outpaced the Computer and Technology sector's gain of 5.75% and the S&P 500's gain of 4.48% in that time.
Wall Street will be looking for positivity from INTT as it approaches its next earnings report date. In that report, analysts expect INTT to post earnings of $0.18 per share. This would mark a year-over-year decline of 41.94%.
Any recent changes to analyst estimates for INTT should also be noted by investors. 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.
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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 4.95% lower. INTT is currently sporting a Zacks Rank of #3 (Hold).
In terms of valuation, INTT is currently trading at a Forward P/E ratio of 8.03. This represents a discount compared to its industry's average Forward P/E of 14.14.
We can also see that INTT currently has a PEG ratio of 0.8. 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. Electronics - Measuring Instruments stocks are, on average, holding a PEG ratio of 0.8 based on yesterday's closing prices.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 162, putting it in the bottom 37% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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inTest Corporation (INTT) : Free Stock Analysis Report
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