Looking at its valuation, Encore Wire is holding a Forward P/E ratio of 7.83. Encore Wire is currently sporting a Zacks Rank of #3 (Hold). ![]() Over the past month, the Zacks Consensus EPS estimate remained stagnant. 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. Our system takes these estimate changes into account and delivers a clear, actionable rating model. We developed the Zacks Rank to capitalize on this phenomenon. Our research shows that these estimate changes are directly correlated with near-term stock prices. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. These revisions typically reflect the latest short-term business trends, which can change frequently. The company is expected to report EPS of $6.55, down 38.84% from the prior-year quarter.Īny recent changes to analyst estimates for Encore Wire should also be noted by investors. This has lagged the Industrial Products sector's gain of 6.85% and the S&P 500's gain of 3.18% in that time.Įncore Wire will be looking to display strength as it nears its next earnings release. Prior to today's trading, shares of the copper wire maker had lost 2.84% over the past month. Elsewhere, the Dow gained 0.14%, while the tech-heavy Nasdaq added 5.61%. The stock lagged the S&P 500's daily gain of 0.85%. It shows how effective a company is at turning capital invested by shareholders and other debtholders into profits.Encore Wire ( WIRE Quick Quote WIRE - Free Report) closed the most recent trading day at $179.54, moving +0.43% from the previous trading session. Return on invested capital (ROIC) is net income after dividends divided by the sum of debt and equity. ![]() Indicates a company's profitability in relation to its total assets. The rate at which the company's net income has increased to the same quarter one year ago. It indicates the company's profitability. Net income divided by revenue of the last 4 quarters. Net Income is the profit after all expenses have been deducted from the total revenue. It indicates the efficiency of using their resources to produce goods or services.Įarnings before tax and interest payments. Gross profit is the profit after subtracting the costs of making and selling its products or the costs of providing its services. ![]() Revenue is the sum of all cash flow into the company. ![]() However, the ratio is difficult to compare between industries where common amounts of debt vary. Price to Book Ratio is the Market cap divided by the Book value of the companyĪ higher ratio indicates a higher risk. Market cap divided by the revenue in the most recent year. A lower PEG could mean that a stock is undervalued.Įarnings divided by outstanding shares. The ratio between the P/E ratio and the growth rate of the company's earnings per share in the last twelve months. A high ratio could indicate that the stock is overvalued or investors are expecting high growth. A low ratio could indicate that the stock is undervalued or investors aren't expecting high growth. Ratio between share price and earnings per share.
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