Unit (UNT) closed at $18.09 in the latest trading session, marking a +1.86% move from the prior day. This move outpaced the S&P 500's daily gain of 1.32%. Meanwhile, the Dow gained 1.38%, and the Nasdaq, a tech-heavy index, added 1.74%.
Prior to today's trading, shares of the oil and natural gas contract drilling company had gained 19.51% over the past month. This has outpaced the Oils-Energy sector's gain of 4.77% and the S&P 500's gain of 4.16% in that time.
UNT will be looking to display strength as it nears its next earnings release, which is expected to be February 28, 2019. The company is expected to report EPS of $0.26, up 18.18% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $216.85 million, up 5.86% from the year-ago period.
Investors should also note any recent changes to analyst estimates for UNT. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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 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. Over the past month, the Zacks Consensus EPS estimate has moved 14.68% lower. UNT currently has a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that UNT has a Forward P/E ratio of 12.87 right now. Its industry sports an average Forward P/E of 17.46, so we one might conclude that UNT is trading at a discount comparatively.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This industry currently has a Zacks Industry Rank of 240, which puts it in the bottom 7% 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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