A-Mark Precious Metals (AMRK) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, A-Mark Precious Metals (AMRK) closed at $35.04, marking a -0.28% move from the previous day. This move lagged the S&P 500's daily gain of 1.49%. Meanwhile, the Dow gained 1.6%, and the Nasdaq, a tech-heavy index, added 0.06%.
Prior to today's trading, shares of the precious metals trading company had gained 3.66% over the past month. This has outpaced the Consumer Discretionary sector's loss of 3.85% and the S&P 500's loss of 3.49% in that time.
Wall Street will be looking for positivity from A-Mark Precious Metals as it approaches its next earnings report date. The company is expected to report EPS of $2.22, up 69.47% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $1.87 billion, down 3.72% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $8.59 per share and revenue of $7.69 billion, which would represent changes of +7.11% and -5.69%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for A-Mark Precious Metals. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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, 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. A-Mark Precious Metals is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, A-Mark Precious Metals is currently trading at a Forward P/E ratio of 4.09. For comparison, its industry has an average Forward P/E of 4.09, which means A-Mark Precious Metals is trading at a no noticeable deviation to the group.
The Precious Metals and Jewels industry is part of the Consumer Discretionary 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
AMark Precious Metals, Inc. (AMRK) : Free Stock Analysis Report
