Encore wire corporation stock free#

Shares of Belden Inc have gained 10.4% over the past month, and currently trade at a forward P/E of 12.77X and a P/CF of 9.99X. Belden Inc beat our consensus estimate by 5.42%, and for the current fiscal year, BDC is expected to post earnings of $6.84 per share on revenue of $2.69 billion. BDC has a Zacks Rank of # 1 (Strong Buy) and a Value Score of B, a Growth Score of A, and a Momentum Score of B.Įarnings were strong last quarter.

Encore wire corporation stock free#

Shares of WIRE have been soaring, and the company still appears to be a decent choice, but what about the rest of the industry? One industry peer that looks good is Belden Inc ( BDC Quick Quote BDC - Free Report). How Does WIRE Stack Up to the Competition? Thus, it seems as though Encore Wire shares could still be poised for more gains ahead. Since we recommend that investors select stocks carrying Zacks Rank of 1 (Strong Buy) or 2 (Buy) and Style Scores of A or B, it looks as if Encore Wire passes the test.

Fortunately, Encore Wire currently has a Zacks Rank of #1 (Strong Buy) thanks to rising earnings estimates. We also need to look at the Zacks Rank for the stock, as this supersedes any trend on the style score front. This isn't enough to put the company in the top echelon of all stocks we cover from a value perspective. On a trailing cash flow basis, the stock currently trades at 4.7X versus its peer group's average of 5.8X. In terms of its value breakdown, the stock currently trades at 9.7X current fiscal year EPS estimates, which is not in-line with the peer industry average of 9.7X. The stock's Growth and Momentum Scores are A and A, respectively, giving the company a VGM Score of A. Investors should consider the style scores a valuable tool that can help you to pick the most appropriate Zacks Rank stocks based on their individual investment style.Įncore Wire has a Value Score of A. These styles are represented by grades running from A to F in the categories of Value, Growth, and Momentum, while there is a combined VGM Score as well. On this front, we can look at the Zacks Style Scores, as they provide investors with an additional way to sort through stocks (beyond looking at the Zacks Rank of a security). While Encore Wire has moved to its 52-week high in the recent past, investors need to be asking, what is next for the company? A key aspect of this question is taking a look at valuation metrics in order to determine if the company is due for a pullback from this level. In its last earnings report on February 14, 2023, Encore Wire reported EPS of $8.28 versus consensus estimate of $4.61.

The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. Encore Wire has gained 39.8% since the start of the year compared to the 4.7% move for the Zacks Industrial Products sector and the 25.5% return for the Zacks Wire and Cable Products industry. The stock hit a new 52-week high of $206.74 in the previous session. Have you been paying attention to shares of Encore Wire ( WIRE Quick Quote WIRE - Free Report) ? Shares have been on the move with the stock up 26.1% over the past month.