Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
DXP Enterprises, Inc. (NASDAQ:DXPE ) Q2 2024 Earnings Conference Call August 9, 2024 11:30 AM ET Company Participants Kent Yee - Chief Financial Officer David Little - Chairman & Chief Executive Officer Conference Call Participants Max Kane - Stephens Operator Thank you for standing by. My name is John, and I'll be your conference operator today.
DXP Enterprises (DXPE) reachead $52.59 at the closing of the latest trading day, reflecting a -1.18% change compared to its last close.
DXP Enterprises (DXPE) closed the most recent trading day at $52.72, moving +1.29% from the previous trading session.
DXP Enterprises is experiencing topline weakness in 2024, but demand in the Oil & Gas market is strong, which should drive future growth. Focus on strategic M&As should help the company on end market and customer diversification. Margin should benefit from expected volume growth and improved efficiency in the coming quarters.
As their names suggest, growth stocks offer investors the best hope of outperforming the market. While larger companies are in the market, companies experiencing high growth have products and services people want, which translates to growing revenue, earnings and/or cash flow.
DXPE, ENGIY and LXFR made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 29, 2023.
NMM, DXPE and PKST made it to the Zacks Rank #1 (Strong Buy) value stocks list on May 29, 2023.
Here is how DXP Enterprises (DXPE) and Luxfer (LXFR) have performed compared to their sector so far this year.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
DXP Enterprises (DXPE) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
HWM, DXPE and NNI made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on May 17, 2024.