AZZ Corporation Shares Lag Market with 2.68% Drop; Q1 EPS $1.19 Forecast
AZZ shares dropped 2.68% to $129.03 in the latest session, trailing the S&P 500’s 0.57% decline after a 4.77% rally over the past month versus a 0.8% sector gain. Q1 is forecast to deliver EPS of $1.19 (+21.4%) on $383.6 million revenue (+9.0%).
1. Stock Performance
AZZ shares fell 2.68% to $129.03 in the latest session, trailing the S&P 500’s 0.57% drop, while the Dow and Nasdaq declined 1.61% and 0.26% respectively. Over the past month, shares have gained 4.77%, outperforming the Industrial Products sector’s 0.8% rise.
2. Q1 Earnings Outlook
The company is forecast to report first-quarter EPS of $1.19, a 21.4% increase from year-ago levels, on revenue of $383.6 million, up 9.0% year-over-year, reflecting continued industrial demand.
3. Fiscal Year Guidance & Valuation
Full-year consensus projects EPS of $6.04 (up 16.2%) and revenue of $1.65 billion (up 4.7%); shares trade at a forward P/E of 19.44, a discount to the 25.96 industry average.
4. Analyst Estimates & Ratings
Monthly consensus EPS estimates have fallen 0.87%, contributing to AZZ’s Zacks Rank of #3 (Hold), while the Manufacturing - Electronics industry ranks in the top 34% of Zacks’ 250+ industries.