In the latest trading session, M-tron Industries, Inc. (MPTI) closed at $53.10, marking a +1.84% move from the previous day. The stock's change was more than the S&P 500's daily gain of 0.26%. Meanwhile, the Dow gained 0.15%, and the Nasdaq, a tech-heavy index, added 0.48%.
Prior to today's trading, shares of the company had gained 15.92% outpaced the Construction sector's loss of 1.68% and the S&P 500's gain of 2.87%.
Market participants will be closely following the financial results of M-tron Industries, Inc. in its upcoming release. The company is forecasted to report an EPS of $0.57, showcasing a 29.63% downward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $13.5 million, showing a 2.2% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates are projecting earnings of $2.29 per share and revenue of $53.5 million, which would represent changes of -13.58% and +9.16%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for M-tron Industries, Inc. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. M-tron Industries, Inc. presently features a Zacks Rank of #4 (Sell).
In terms of valuation, M-tron Industries, Inc. is currently trading at a Forward P/E ratio of 22.77. This signifies a premium in comparison to the average Forward P/E of 22.35 for its industry.
Also, we should mention that MPTI has a PEG ratio of 0.81. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. By the end of yesterday's trading, the Engineering – R and D Services industry had an average PEG ratio of 1.81.
The Engineering – R and D Services industry is part of the Construction sector. With its current Zacks Industry Rank of 184, this industry ranks in the bottom 26% of all industries, numbering over 250.
