Graco Inc. (GGG) shares move -0.32%: What you need to know

graco Inc. (GGG) closed at $61.80 last trading session, marking a -0.32% move from the previous day. This change was narrower than the S&P 500’s 0.93% loss on the day. Elsewhere, the Dow Jones lost 0.43%, while the tech-heavy Nasdaq lost 0.17%.

Prior to today’s session, the company’s shares had gained 5.6% in the past month. That topped the Industrials sector’s 5.2% gain and lagged the S&P 500’s 6.31% gain over the period.

Investors are hoping for strength from Graco Inc. as it nears its next earnings release, which is expected on July 27, 2022. In the report, analysts expect Graco Inc. to post a profit of 0 $.67 per share. This would mark a year-over-year growth of 8.06%. Our most recent consensus estimate calls for quarterly revenue of $536.29 million, up 5.74% from the prior year period.

Zacks consensus estimates for the full year of GGG call for earnings of $2.63 per share and revenue of $2.12 billion. These results would represent year-over-year variations of +7.79% and +6.41%, respectively.

Any recent changes in analyst estimates for Graco Inc. should also be noted by investors. These revisions generally reflect the latest short-term trading trends, which may change frequently. With this in mind, we can view positive estimate revisions as a sign of optimism about the company’s business prospects.

Research indicates that these revisions to estimates are directly correlated to near-term stock price dynamics. To benefit from this, we have developed the Zacks Rank, a proprietary model that takes into account these estimation changes and provides an actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven track record of outperformance, with #1 stocks returning an average of +25% per year since 1988. In the past 30 days, our consensus EPS projection is down 0.43%. Graco Inc. currently sports a Zacks ranking of #4 (selling).

Regarding its valuation, Graco Inc. holds a Forward P/E ratio of 23.56. This represents a premium to its industry average Forward P/E of 16.22.

It should also be noted that GGG currently has a PEG ratio of 2.95. This measure is used in the same way as the famous P/E ratio, but the PEG ratio also takes into account the growth rate of the stock’s expected earnings. Manufacturing – General Industry currently had an average PEG ratio of 1.69 at yesterday’s close.

The Manufacturing – General Industry industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 140, which places it in the bottom 45% of all 250+ industries.

The Zacks Industry Ranking assesses the strength of our industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

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