Superior Group (SGC) ended the recent trading session at $11.12, demonstrating a +2.39% change from the preceding day's closing price. The stock outperformed the S&P 500, which registered a daily gain of 0.28%. Elsewhere, the Dow gained 0.43%, while the tech-heavy Nasdaq added 0.09%.
Heading into today, shares of the uniform maker had gained 3.13% over the past month, lagging the Consumer Discretionary sector's gain of 5.57% and the S&P 500's gain of 4.37%.
The upcoming earnings release of Superior Group will be of great interest to investors. The company's earnings per share (EPS) are projected to be $0.07, reflecting a 75% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $135.03 million, up 2.5% from the year-ago period.
SGC's full-year Zacks Consensus Estimates are calling for earnings of $0.49 per share and revenue of $559.79 million. These results would represent year-over-year changes of -32.88% and -1.04%, respectively.
Investors might also notice recent changes to analyst estimates for Superior Group. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. Within the past 30 days, our consensus EPS projection remained stagnant. At present, Superior Group boasts a Zacks Rank of #4 (Sell).
Investors should also note Superior Group's current valuation metrics, including its Forward P/E ratio of 22.05. This represents a premium compared to its industry average Forward P/E of 14.43.
Meanwhile, SGC's PEG ratio is currently 2.21. 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. The Textile – Apparel industry currently had an average PEG ratio of 2.09 as of yesterday's close.
The Textile – Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 219, putting it in the bottom 12% of all 250+ industries.
