In the last trading session, Lakeland Industries (LAKE) closed at USD 20.62, a move of -0.96% from the previous day. That change lagged the S&P 500’s 1.36% daily gain. Elsewhere, the Dow rose 1.37% while the tech-heavy Nasdaq rose 1.02%.
The shares of the manufacturer of safety clothing had lost 12.81% last month. Over the same period, the industrial products sector rose 4.31%, while the S&P 500 rose 0.23%.
Wall Street will be looking for positivity from LAKE as it nears its next earnings report. For this report, analysts expect LAKE to post earnings of $ 0.57 per share. This would mean a growth of 216.67% compared to the previous year. The Zacks Consensus estimate for sales predicts net sales of $ 35 million, up 27.46% over the same period last year.
For the full year, our Zacks Consensus estimates forecast earnings of $ 3.29 per share and revenue of $ 149.70 million, a year-over-year change of + 631.11% and + 38.84%, respectively.
It is also important to note the recent changes in analyst estimates for LAKE. The recent revisions tend to reflect the latest short-term business trends. With this in mind, we can view positive estimates as a sign of optimism about the company’s business outlook.
Research shows that these estimated revisions correlate directly with short-term price dynamics. We developed the Zacks rank to take advantage of this phenomenon. Our system takes these changes in estimates into account and provides a clear, actionable valuation model.
The Zacks rank system ranges from 1st place (strong buy) to 5th place (strong sale) and has a proven, externally verified success story of outperformance. Since 1988, first class stocks have averaged + 25% per year for 30 days our EPS consensus forecast has stagnated. LAKE currently has a Zacks rank of # 3 (Hold).
In terms of valuation, LAKE holds a forward P / E of 6.33. This rating represents a discount to the industry average forward P / E of 18.97.
The security services sector is part of the industrial products sector. This group has a Zacks industry ranking of 196, which is below 23% of all over 250 industries.
The Zacks Industry Rank ranks best to worst in terms of the average Zacks rank of each company in each of these sectors. Our research shows that the industries with the top 50% outperform the bottom half by a factor of 2 to 1.
Keep track of all of these and many more stock movement metrics on Zacks.com.
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