In the latest trading session, Linde (LIN) closed at $277.71, marking a -0.51% move from the previous day. This move was narrower than the S&P 500's daily loss of 1.07%. Elsewhere, the Dow lost 1.07%, while the tech-heavy Nasdaq lost 0.06%.
Prior to today's trading, shares of the gas supplier had lost 7.64% over the past month. This has lagged the Oils-Energy sector's gain of 1.76% and the S&P 500's loss of 3.49% in that time.
Investors will be hoping for strength from Linde as it approaches its next earnings release. The company is expected to report EPS of $2.94, up 7.69% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $8.28 billion, up 7.93% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $11.90 per share and revenue of $33.41 billion. These totals would mark changes of +11.32% and +8.49%, respectively, from last year.
Any recent changes to analyst estimates for Linde should also be noted by investors. 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.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. Linde is currently sporting a Zacks Rank of #3 (Hold).
Digging into valuation, Linde currently has a Forward P/E ratio of 23.47. This valuation marks a premium compared to its industry's average Forward P/E of 18.
Investors should also note that LIN has a PEG ratio of 2.35 right now. 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. The Oil and Gas - Field Services was holding an average PEG ratio of 0.61 at yesterday's closing price.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 21, which puts it in the top 9% 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.
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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