From Nasdaq:

Siemens AG (SIEGY) stock closed at $88.34, down 0.15% from the previous day. The stock outperformed the S&P 500 but trailed the Industrial Products sector. Consensus estimates suggest earnings of $5.34 per share and revenue of $85.19 billion, with analysts projecting a Zacks Rank #1 for Siemens AG.

Siemens AG (SIEGY) will report its earnings soon, prompting investors to monitor the company’s performance closely. The stock current boasts a Zacks Rank #1, with a valuation indicating a premium compared to its industry average. Analysts believe that positive estimate revisions could reflect a good business outlook.

Siemens AG (SIEGY) currently trades at a Forward P/E ratio of 16.57, higher than the industry average. It also has a PEG ratio of 3.03, indicative of the company’s expected earnings growth trajectory. The Industrial Services industry, to which Siemens AG belongs, has a Zacks Industry Rank of 152, placing it in the bottom 40% of all industries.

The Zacks Top 10 Stocks for 2024 has been released and has shown significant success over the years. Handpicked by Zacks Director of Research, Sheraz Mian, the portfolio gained +974.1% since inception, nearly tripling the S&P 500’s +340.1%. The portfolio is made up of 10 top-performing stocks. To read the full article, click here: https://www.zacks.com/stock/news/2205958/siemens-ag-siegy-stock-moves-0-15-what-you-should-know



Read more: Siemens AG (SIEGY) Stock Moves -0.15%: What You Should Know