Superior Group (SGC) stock falls while outperforming Nasdaq, with positive earnings forecast

From Nasdaq: 2024-06-14 18:15:09

Superior Group (SGC) closed at $19.55, down 0.91% from the previous day. The stock underperformed the S&P 500 and Dow, but outperformed the Nasdaq. In the last month, SGC fell 1.15%, while the Consumer Discretionary sector declined by 0.13%, and the S&P 500 gained 4.15%.

Anticipated earnings report for Superior Group projects an EPS of $0.10 with a 25% increase YoY. Revenue is estimated at $136.6 million, up 5.76%. For the full year, earnings forecast is $0.75 per share and revenue of $567.2 million, marking a positive shift in estimates.

Analysts advise closely monitoring Superior Group’s stock price and estimate revisions. Zacks Rank #2 (Buy) indicates positive estimates that could impact stock performance. Valuation highlights include Forward P/E ratio of 26.19, PEG ratio of 2.62, and Textile – Apparel industry with an average PEG ratio of 1.8.

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Read more at Nasdaq: Superior Group (SGC) Falls More Steeply Than Broader Market: What Investors Need to Know