Keysight (KEYS) closed the most recent trading day at $168.51, moving -0.12% from the previous trading session. This change was narrower than the S&P 500's daily loss of 1.03%. Elsewhere, the Dow lost 1.15%, while the tech-heavy Nasdaq added 0.37%.
Heading into today, shares of the electronic measurement technology company had lost 0.57% over the past month, outpacing the Computer and Technology sector's loss of 4.49% and the S&P 500's loss of 3.51% in that time.
Investors will be hoping for strength from Keysight as it approaches its next earnings release. In that report, analysts expect Keysight to post earnings of $1.99 per share. This would mark year-over-year growth of 9.34%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.4 billion, up 7.85% from the year-ago period.
KEYS's full-year Zacks Consensus Estimates are calling for earnings of $7.47 per share and revenue of $5.37 billion. These results would represent year-over-year changes of +19.9% and +8.74%, respectively.
Any recent changes to analyst estimates for Keysight should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Keysight is holding a Zacks Rank of #1 (Strong Buy) right now.
Looking at its valuation, Keysight is holding a Forward P/E ratio of 22.58. This valuation marks a premium compared to its industry's average Forward P/E of 13.6.
Also, we should mention that KEYS has a PEG ratio of 2.05. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Electronics - Measuring Instruments industry currently had an average PEG ratio of 2.07 as of yesterday's close.
The Electronics - Measuring Instruments industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 7, putting it in the top 3% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Keysight Technologies Inc. (KEYS) : Free Stock Analysis Report
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