![]() ![]() and Morningstar, Inc.Ĭopyright 2023 Zacks Investment Research | 10 S Riverside Plaza Suite #1600 | Chicago, IL 60606Īt the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. Forbes Media, LLC Investor's Business Daily, Inc. Each of the company logos represented herein are trademarks of Microsoft Corporation Dow Jones & Company Nasdaq, Inc. This page has not been authorized, sponsored, or otherwise approved or endorsed by the companies represented herein. To follow WIRE in the coming trading sessions, be sure to utilize. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1. 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. This industry currently has a Zacks Industry Rank of 50, which puts it in the top 20% of all 250+ industries. The Wire and Cable Products industry is part of the Industrial Products sector. ![]() This valuation marks a no noticeable deviation compared to its industry's average Forward P/E of 8.09. Looking at its valuation, Encore Wire is holding a Forward P/E ratio of 8.09. Encore Wire is holding a Zacks Rank of #4 (Sell) right now. The Zacks Consensus EPS estimate remained stagnant within the past month. It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). 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. Our research shows that these estimate changes are directly correlated with near-term stock prices. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook. These recent revisions tend to reflect the evolving nature of short-term business trends. Investors should also note any recent changes to analyst estimates for Encore Wire. This would mark a year-over-year decline of 53.26%. ![]() In that report, analysts expect Encore Wire to post earnings of $4.66 per share. This has outpaced the Industrial Products sector's loss of 1.37% and the S&P 500's gain of 0.38% in that time.Įncore Wire will be looking to display strength as it nears its next earnings release. Prior to today's trading, shares of the copper wire maker had gained 7.67% over the past month. At the same time, the Dow added 0.02%, and the tech-heavy Nasdaq gained 0.01%. The stock outpaced the S&P 500's daily gain of 0.07%. In the latest trading session, Encore Wire ( WIRE Quick Quote WIRE - Free Report) closed at $175.78, marking a +1.77% move from the previous day. ![]()
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