In the newest buying and selling session, Tempur Sealy (TPX) closed at $39.50, marking a +1.1% transfer from the day gone by. The inventory outpaced the S&P 500’s each day acquire of 0.36%.
Heading into immediately, shares of the mattress maker had misplaced 0.43% over the previous month, lagging the Retail-Wholesale sector’s acquire of 0.74% and the S&P 500’s acquire of 5.21% in that point.
Wall Road will likely be searching for positivity from TPX because it approaches its subsequent earnings report date. That is anticipated to be April 29, 2021. The corporate is predicted to report EPS of $0.51, up 50% from the prior-year quarter. Our most up-to-date consensus estimate is looking for quarterly income of $1 billion, up 21.6% from the year-ago interval.
TPX’s full-year Zacks Consensus Estimates are calling for earnings of $2.44 per share and income of $4.32 billion. These outcomes would symbolize year-over-year modifications of +27.75% and +17.44%, respectively.
Any latest modifications to analyst estimates for TPX must also be famous by buyers. These latest revisions are likely to mirror the evolving nature of short-term enterprise traits. As such, optimistic estimate revisions mirror analyst optimism in regards to the firm’s enterprise and profitability.
Primarily based on our analysis, we imagine these estimate revisions are immediately associated to near-team inventory strikes. To profit from this, now we have developed the Zacks Rank, a proprietary mannequin which takes these estimate modifications under consideration and supplies an actionable score system.
The Zacks Rank system, which ranges from #1 (Robust Purchase) to #5 (Robust Promote), has a formidable outside-audited observe report of outperformance, with #1 shares producing a median annual return of +25% since 1988. Inside the previous 30 days, our consensus EPS projection has moved 0.05% greater. TPX is at the moment a Zacks Rank #2 (Purchase).
By way of valuation, TPX is at the moment buying and selling at a Ahead P/E ratio of 15.97. Its business sports activities a median Ahead P/E of 18.48, so we one may conclude that TPX is buying and selling at a reduction comparatively.
We are able to additionally see that TPX at the moment has a PEG ratio of 0.89. This metric is used equally to the well-known P/E ratio, however the PEG ratio additionally takes under consideration the inventory’s anticipated earnings development price. TPX’s business had a median PEG ratio of 1.98 as of yesterday’s shut.
The Retail – Residence Furnishings business is a part of the Retail-Wholesale sector. This group has a Zacks Business Rank of 5, placing it within the high 2% of all 250+ industries.
The Zacks Business Rank consists of is listed so as from finest to worst when it comes to the typical Zacks Rank of the person firms inside every of those sectors. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
To observe TPX within the coming buying and selling classes, be sure you make the most of Zacks.com.
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Tempur Sealy Worldwide, Inc. (TPX): Get Free Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.