Stock closed lower than market; expected increase in EPS and revenue, potential stock movement

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

In the latest trading session, M-tron Industries, Inc. (MPTI) closed at $35.24, down 0.48%. The stock underperformed the S&P 500, which had a 0.04% loss, while the Dow dropped by 0.15% and the Nasdaq rose by 0.12%. Prior to this, MPTI had gained 18.03% over the past month, outperforming the Construction sector and S&P 500.

Eagerly awaited by investors, M-tron Industries, Inc. is expected to report an EPS of $0.50, a 6.38% increase from the previous year’s same quarter. Revenue estimate for this quarter is $11.2 million, showing a 10.45% growth from the previous year. Full-year estimates project earnings of $2.03 per share and revenue of $44.8 million, indicating +58.59% and +8.82% changes, respectively.

Analysts’ revisions in estimates for M-tron Industries, Inc. signal potential stock movements. The Zacks Rank system, with a current rank of #2 (Buy) for MPTI, considers these changes in estimates to provide actionable insights for investors. Additionally, the Zacks Consensus EPS estimate remained stable over the last month.

At a Forward P/E ratio of 17.44, M-tron Industries, Inc. is undervalued compared to the industry average of 19.13. The company also has a PEG ratio of 0.76, lower than the industry average of 1.31. Within the Construction sector, the Engineering – R and D Services industry, where MPTI is situated, ranks in the top 20% of all industries, with an average PEG ratio of 1.31.

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Read more at Nasdaq: M-tron Industries, Inc. (MPTI) Suffers a Larger Drop Than the General Market: Key Insights