In the latest close session, Superior Group (SGC) was down 1.35% at $12.40. This change lagged the S&P 500’s 0.45% loss on the day. Meanwhile, the Dow lost 1.21%, and the Nasdaq, a tech-heavy index, lost 0.01%.
Coming into today, shares of the uniform maker had gained 0% in the past month. In that same time, the Consumer Discretionary sector lost 5.62%, while the S&P 500 lost 2.43%.
The investment community will be paying close attention to the earnings performance of Superior Group in its upcoming release. The company is forecasted to report an EPS of $0.18, showcasing no movement from the corresponding quarter of the prior year. Our most recent consensus estimate is calling for quarterly revenue of $143.53 million, up 3.65% from the year-ago period.
SGC’s full-year Zacks Consensus Estimates are calling for earnings of $0.64 per share and revenue of $583.79 million. These results would represent year-over-year changes of +39.13% and +3.11%, respectively.
Any recent changes to analyst estimates for Superior Group should also be noted by investors. These latest adjustments often mirror the shifting dynamics of short-term business patterns. As a result, we can interpret positive estimate revisions as a good sign for the business outlook.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To exploit this, we’ve formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Superior Group is holding a Zacks Rank of #2 (Buy) right now.
In the context of valuation, Superior Group is at present trading with a Forward P/E ratio of 19.64. Its industry sports an average Forward P/E of 14.85, so one might conclude that Superior Group is trading at a premium comparatively.
One should further note that SGC currently holds a PEG ratio of 1.96. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. The Textile – Apparel was holding an average PEG ratio of 1.9 at yesterday’s closing price.
The Textile – Apparel industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 165, putting it in the bottom 33% of all 250+ industries.
