Keysight (KEYS) closed at $104.15 in the latest trading session, marking a -0.14% move from the prior day. This move lagged the S&P 500's daily loss of 0.12%. At the same time, the Dow added 0.11%, and the tech-heavy Nasdaq gained 0.02%.
Prior to today's trading, shares of the electronic measurement technology company had gained 8.41% over the past month. This has outpaced the Computer and Technology sector's gain of 5.66% and the S&P 500's gain of 4.42% in that time.
Wall Street will be looking for positivity from KEYS as it approaches its next earnings report date. In that report, analysts expect KEYS to post earnings of $1.19 per share. This would mark year-over-year growth of 17.82%. Our most recent consensus estimate is calling for quarterly revenue of $1.10 billion, up 4.76% from the year-ago period.
Investors might also notice recent changes to analyst estimates for KEYS. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. KEYS is currently a Zacks Rank #3 (Hold).
Valuation is also important, so investors should note that KEYS has a Forward P/E ratio of 21.27 right now. For comparison, its industry has an average Forward P/E of 18.96, which means KEYS is trading at a premium to the group.
Also, we should mention that KEYS has a PEG ratio of 2.13. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. Electronics - Measuring Instruments stocks are, on average, holding a PEG ratio of 1.87 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 10, putting it in the top 4% 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.
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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Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report
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