Siemens AG (SIEGY) closed at $95.38 in the latest trading session, marking a +0.81% move from the previous day. The stock outperformed the S&P 500, which rose 0.11% on the day. At the same time, the Dow Jones Industrial Average fell 0.11%, and the tech-heavy Nasdaq rose 0.23%.
Prior to today's trading, shares had lost 2.28% over the past month. This fell behind the Industrial Products sector's 4.45% gain and the S&P 500's 1.5% gain over the same period.
The investment community will be closely monitoring Siemens AG's performance in its upcoming earnings report. In the report, analysts expect Siemens AG to post earnings of $1.24 per share. This is a decrease of 46.78% compared to the previous year. Meanwhile, our current consensus estimate calls for revenue to be $20.75 billion, down 0.4% compared to the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $5.76 per share and revenue of $87.7 billion, which would represent changes of +8.88% and +4.78%, respectively, from the prior year.
Investors may also notice recent changes to analyst estimates for Siemens AG. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions indicate analyst confidence in the company's business performance and earnings potential.
Our research suggests that these estimate changes have a direct relationship with future stock performance. To benefit from this, we have established the Zacks Rank, a proprietary model that considers these estimate changes and provides an investment rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 0.23% lower. Siemens AG currently has a Zacks Rank of #3 (Hold).
From a valuation perspective, Siemens AG is currently trading at a Forward P/E ratio of 16.42. For comparison, its industry has an average Forward P/E of 16.74, which means Siemens AG is trading at a discount to the group.
Further, we note that SIEGY currently sports a PEG ratio of 2.38. The PEG ratio is similar to the frequently used P/E ratio, but this parameter also includes a company's expected earnings growth trajectory. As of yesterday's close, SIEGY's industry had an average PEG ratio of 1.38.
The industrial services industry is part of the industrial products sector. This industry currently has a Zacks Industry Rank of 168, which puts it in the bottom 34% of over 250 industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank. The Zacks Industry Rank is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
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