From Nasdaq: 2024-11-08 18:00:05

Air Industries (AIRI) closed at $5.81, down 1.69% from the previous day, trailing behind the S&P 500, which gained 0.38%. The company’s shares had risen 5.54% in the past month, outperforming the Aerospace sector’s loss of 0.56% and the S&P 500’s 4.9% gain during that time.

The upcoming financial results of Air Industries are eagerly anticipated, with an estimated EPS of -$0.02, a 95% increase from the previous year. The consensus estimate also predicts a revenue of $12.83 million, up by 4.39% from the same quarter last year. Full-year projections include earnings of -$0.05 per share and revenue of $55.18 million.

Investors should monitor analyst forecasts for Air Industries, as revisions can indicate short-term business trends. Positive estimate changes reflect confidence in the company’s performance. The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), considers these revisions to provide valuable insights for investors. Air Industries currently holds a Zacks Rank of #3 (Hold).

The Aerospace – Defense industry, part of the Aerospace sector, has a Zacks Industry Rank of 134, placing it in the bottom 47% of industries. Industries ranked in the top 50% typically outperform the lower-ranked ones. Stay informed with Zacks.com for updates on these stock-influencing metrics and more.

Trillions of dollars in Federal funds are allocated for infrastructure improvements, benefiting various sectors like AI data centers and renewable energy. Discover 5 stocks positioned to thrive from this spending surge. Download the free guide on profiting from the trillion-dollar infrastructure boom today.

For more insights and recommendations from Zacks Investment Research, download the free report on 5 Stocks Set to Double. Additionally, access a free stock analysis report for Air Industries Group (AIRI) on Zacks.com. Stay updated with the latest news and analysis to make informed investment decisions.



Read more at Nasdaq: Air Industries (AIRI) Stock Drops Despite Market Gains: Important Facts to Note