inTest (INTT) closed the most recent trading day at $7.15, moving +1.85% from the previous trading session. This move outpaced the S&P 500's daily loss of 0.15%. Elsewhere, the Dow gained 0.21%, while the tech-heavy Nasdaq lost 0.81%.
Heading into today, shares of the company had gained 14.52% over the past month, outpacing the Computer and Technology sector's gain of 5.57% and the S&P 500's gain of 6.55% in that time.
INTT will be looking to display strength as it nears its next earnings release, which is expected to be March 14, 2019. On that day, INTT is projected to report earnings of $0.21 per share, which would represent a year-over-year decline of 32.26%. Meanwhile, our latest consensus estimate is calling for revenue of $18.41 million, down 4.99% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for INTT. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. INTT currently has a Zacks Rank of #2 (Buy).
Investors should also note INTT's current valuation metrics, including its Forward P/E ratio of 6.95. This represents a discount compared to its industry's average Forward P/E of 11.41.
Also, we should mention that INTT has a PEG ratio of 0.7. 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. INTT's industry had an average PEG ratio of 0.7 as of yesterday's close.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 54, which puts it in the top 22% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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 INTT in the coming trading sessions, be sure to utilize Zacks.com.
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