Home Earnings AZZ Inc. earnings preview: what to expect from their November quarter

AZZ Inc. [AZZ] earnings preview: what to expect from their November quarter

AZZ Inc. [NYSE:AZZ] will report earnings after markets close on Monday, January 11th.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

AZZ Earnings Forecast For The Current Quarter

AZZ Inc. [AZZ] is expected to report weak earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $234.44M and an earnings per share of $0.66 for Nov 2020. Looking further ahead, the company is expected to report revenue of $220.08M at an EPS of $0.54 for Feb 2021. The estimates represent downside of 10.00% and 42.89% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.

AZZ Earnings Estimates For The Current Year

For the financial year, AZZ Inc. [NYSE:AZZ] is expected to bring in revenue of $871.16M. The returns are nearly $-188.84 million lower than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 1.91, lower than that of FY20 by -$0.8. Estimates put this year’s earnings growth at -29.50%, 42.40% for the next, and at an annual 10.00% over the next 5-year period. As for sales, forecasts are for a decrease of -18.00% in the current fiscal year and a further 10.00% over the following year.

AZZ Price Performance

On Wall Street, AZZ Inc. [NYSE:AZZ] finished Thursday’s session up 0.18% at $50.83. The stock went up to $51.01 at the same session while its lowest single day price was $48.21. In the last five days, it saw a rise of about 8.29%, AZZ Inc. shares gained by almost 7.15% since the beginning of the year. However, the share price has dropped to as low as -1.64% below its one year high. On 01/06/21, the company shares recorded $51.68, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $46.37. The company’s shares have inclined by 12.41% in the past year. The 50-day SMA achieved is $43.00 while the 200-day SMA is $34.90. Volume dropped to 0.2 million from 0.3 million in the previous session.

AZZ Inc. [AZZ] Valuation Measures

Notably, AZZ Inc. [AZZ] stock cannot be classified as a good candidate in the listing of underestimated low-priced Electrical Equipment & Parts companies to purchase soonest possible with the prevailing 12-month PE ratio of 88.25. The measure means the stock is exchanging at a premium as compared to the 25.57x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 1.38 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 1.37 which means AZZ serve an unattractive investment opportunity compared to its competitors.

AZZ Stock Support And Resistance Levels

On the 24-hour scale, the immediate backing is perceived around 49.02 level, and in case of violation of this particular level, it will cause more drop to 47.22 level. On the upper level, 52.82 is still the key resistance. The stock may increase to the subsequent resistance at 51.82. The Relative Strength Index (RSI) pinned on the 14-day chart is 71.73, implying a overbought technical stance while the MACD stands at 2.15, meaning price will increase in the next trading period. Percent R indicator moved to 14.12%, implying bullish price movement. Stochastic %K at 78.79% suggest holding the stock.

Is AZZ Inc. [NYSE:AZZ] a Good Buy Right Now?

It should be noted that AZZ technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 88% Buy in the last week and compares with 100% Buy in the past month. Data from AZZ Inc.’s Trend Spotter indicated that the signals were Strengthening. The stock current average is 0.16 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.16 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.15 million shares.

What is the short interest in AZZ Inc.?

Short interest in the AZZ Inc. stock has plunged, decreasing by -0.1 million shares to total 0.55 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.44 million, data from Yahoo Finance shows. The increase of 18.94% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 2.90% of the overall float for the stock.

AZZ Inc.’s Biggest Shareholders: Who Owns AZZ Inc. [AZZ]?

Filings by BlackRock Fund Advisors showed that the firm now holds a total of 3,650,036 shares or roughly 14.00% of the outstanding AZZ shares. This means their shares have reduced by -80,778 from the 3,650,036 the investor reportedly held in its prior 13-F filing. With the conclusion of the sale, The Vanguard Group, Inc. updated stake is worth $112,241,680. Details in the latest 13F filings reveal that T. Rowe Price Associates, Inc. acquired their 0.09% stake valued at $88,130,351 while Dimensional Fund Advisors LP added theirs at $57,360,665. During the last quarter, T. Rowe Price Associates, Inc. raised 1,773 of its shares in AZZ Inc. while Dimensional Fund Advisors LP bought 15,090 shares. The SSgA Funds Management, Inc.’s holdings currently number 831,785 shares at $42279631.55. According to the firm’s last 13F report, Fidelity Management & Research Co shares in the company at filing stood at 731,325 shares, roughly $32,609,782.

Get the hottest stocks to trade every day before the market opens 100% free. Click here now. 

What are analyst thoughts on AZZ Inc.?

Looking forward to the AZZ Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for AZZ Inc. stock at $52.50 within the next 12 months, which represents almost 3.18 per cent growth from its previous closing price of $50.83. The highest analysts’ target for AZZ Inc. stock projections is $55.00 and the lowest one is $50.00. Still, 3 analysts sharing their consensus rating for AZZ stock in 2021 agree that it is an Overweight.

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Must Read

Why Nano Dimension (NNDM) Leapt 7% In Aftermarket Trading On Friday?

After-hours trading on Friday saw Nano Dimension Corp (Nasdaq: NNDM) hit $7.97 a share rising 4.73%. The stock saw a decline of -2.31% to...

What Caused The Anchiano Therapeutics (ANCN) To Continue Rally After-Hours?

The clinical-stage biotech company Anchiano Therapeutics Ltd. (Nasdaq: ANCN) saw its stock rising 40.12% in after-hours trades on Friday. The price of the company’s...

Are The Financial Results Weighing On Senseonics (SENS) Stock In Premarket Today?

Shares of medical technology Senseonics Holdings, Inc. (NYSE American: SENS) has been declining -9.67% in pre-market session today falling to a price level of...

ReTo Eco-Solutions, Inc. (RETO) Stock Fell 6% In Pre-Market Trading

The provider of technology solutions around ecological environments ReTo Eco-Solutions, Inc. (NASDAQ: RETO) has been facing a drop in its stock price in pre-market...

Fulgent Genetics (FLGT) Stock Rocketed 34.46% In Extended Trading Following Strong Financial Results

Shares of the testing services and comprehensive testing solutions technology company Fulgent Genetics, Inc. (NASDAQ: FLGT) rocketed 34.46% in the after-hour trades on Thursday....

Why Nano Dimension (NNDM) Leapt 7% In Aftermarket Trading On Friday?

After-hours trading on Friday saw Nano Dimension Corp (Nasdaq: NNDM) hit $7.97 a share rising 4.73%. The stock saw a decline of -2.31% to...

After An Impressive 300% Rally, Why Did Second Sight Medical Products (EYES) Get Dropped After-Hours?

Shares of the implantable visual prosthetics company, Second Sight Medical Products, Inc. (NASDAQ: EYES) have seen a fall of -12.61% in after-hours trading on...

After-Hours Market: More Gains For Bionano Genomics (BNGO)

Bionano Genomics, Inc. (Nasdaq: BNGO) saw its stock price continue rising even after the ring of the bell on Friday. The company gained 7.13%...

Related News

Evofem Biosciences (EVFM) – Stock Fell In Early Trades Today: Why?

Shares of the biopharmaceutical company Evofem Biosciences, Inc., (NASDAQ: EVFM) have been sinking in the early trades today. The stock was buoying at $2.205...

Are The Financial Results Weighing On Senseonics (SENS) Stock In Premarket Today?

Shares of medical technology Senseonics Holdings, Inc. (NYSE American: SENS) has been declining -9.67% in pre-market session today falling to a price level of...

After-Hour Trades: Why Did GTY Technology (GTYH) Stock Drop?

Shares of software as a service (SaaS) provider company GTY Technology Holdings Inc. (GTYH) dropped 9.67% after the ring of the bell on Tuesday. Get...

What’s Not To Like About Virtualarmour (VTLR) Stock?

VirtualArmour International Inc.’s (OTC-VTLR) stock dropped below its previous closing price as a result of a slide of -2.60% to close Friday trading at...

The latest Earnings results from the Acasti Pharma Inc. (ACST) show promising potential

Acasti Pharma Inc. (NASDAQ: ACST) stock closed up 22.45% to $1.2000 on February 11, 2021. As of the start of the latest trading session,...

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

Get The Best Stocks To Trade Every Day!

Join now to get the NewsHeater.com pre-market morning brief 100% free

We do not sell or share your information with anyone.

Get The Best Stocks To Trade Every Day!...100% Free

We do not sell or share your information with anyone.

Get Best Morning Financial Newsletter... 100% Free

Best stocks ideas

Analysts’ Upgrades & Downgrades

Insider Watchlist

Important Earnings

We do not sell or share your information with anyone.