In the latest trading session, inTest (INTT) closed at $6.25, marking a -1.73% move from the previous day. This change was narrower than the S&P 500's daily loss of 2.08%. Meanwhile, the Dow lost 2.11%, and the Nasdaq, a tech-heavy index, lost 2.27%.
Prior to today's trading, shares of the company had lost 2.9% over the past month. This has lagged the Computer and Technology sector's loss of 1.55% and was narrower than the S&P 500's loss of 3.6% in that time.
Wall Street will be looking for positivity from INTT as it approaches its next earnings report date. This is expected to be March 14, 2019. The company is expected to report EPS of $0.18, down 41.94% from the prior-year quarter.
It is also important to note the recent changes to analyst estimates for INTT. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. INTT is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, INTT is holding a Forward P/E ratio of 6.24. For comparison, its industry has an average Forward P/E of 13.33, which means INTT is trading at a discount to the group.
It is also worth noting that INTT currently has a PEG ratio of 0.62. 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 0.62 based on yesterday's closing prices.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. This industry currently has a Zacks Industry Rank of 24, which puts it in the top 9% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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