Tenaris S.A. (TS) Dips More Than Broader Markets: What You Should Know
Tenaris S.A. (TS) closed the most recent trading day at $28.42, moving -0.98% from the previous trading session. This change lagged the S&P 500's 0.25% loss on the day. Elsewhere, the Dow gained 0.24%, while the tech-heavy Nasdaq lost 1.88%.
Coming into today, shares of the company had lost 16.98% in the past month. In that same time, the Industrial Products sector lost 6.62%, while the S&P 500 gained 1.48%.
Investors will be hoping for strength from Tenaris S.A. as it approaches its next earnings release. The company is expected to report EPS of $1.66, up 95.29% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $3.94 billion, up 66.41% from the year-ago period.
TS's full-year Zacks Consensus Estimates are calling for earnings of $6.12 per share and revenue of $15.05 billion. These results would represent year-over-year changes of +41.34% and +27.91%, respectively.
Any recent changes to analyst estimates for Tenaris S.A. should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
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. Tenaris S.A. is currently sporting a Zacks Rank of #1 (Strong Buy).
Digging into valuation, Tenaris S.A. currently has a Forward P/E ratio of 4.69. This represents a discount compared to its industry's average Forward P/E of 12.66.
Investors should also note that TS has a PEG ratio of 2.29 right now. 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. Steel - Pipe and Tube stocks are, on average, holding a PEG ratio of 1.68 based on yesterday's closing prices.
The Steel - Pipe and Tube industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 12, putting it in the top 5% 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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Tenaris S.A. (TS) : Free Stock Analysis Report
