Powell Industries (POWL) came out with quarterly earnings of $3.77 per share, beating the Zacks Consensus Estimate of $3.49 per share. This compares to earnings of $1.95 per share a year ago.
As POWL gears up to report fiscal fourth-quarter earnings, let us find out how the expectations stack up and whether it is the right time to buy the stock.
Powell Industries (POWL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
The latest trading day saw Powell Industries (POWL) settling at $352.37, representing a +1.73% change from its previous close.
Powell Industries has experienced a 1,250% stock increase over the last 24 months due to strong demand for power distribution systems. POWL's financials show significant progress in sales, EPS, and margins, as the company has transformed from a breakeven outfit to a profitable mid-size firm. The company's valuation at 17x EV/EBITDA is reasonable, supported by energy & utility Capex, alongside a robust cash position with zero debt.
Powell Industries (POWL) has received quite a bit of attention from Zacks.com users lately. Therefore, it is wise to be aware of the facts that can impact the stock's prospects.
Electricity transmission is a hot investment theme today
Zacks.com users have recently been watching Powell Industries (POWL) quite a bit. Thus, it is worth knowing the facts that could determine the stock's prospects.
Recently, Zacks.com users have been paying close attention to Powell Industries (POWL). This makes it worthwhile to examine what the stock has in store.
Powell Industries' revenue surged by 50% in Q3 YoY to $288.17 million. With a $1.34 billion backlog along with robust orders of $789 million and investments in sustainable energy, Powell is poised for long-term growth. I like POWL due to its robust balance sheet with significant cash in hand and zero debt.
Powell Industries (NASDAQ: POWL) is a small-cap industrial stock with strong growth potential, driven by demand in petrochemical and electric utility sectors. The company boasts a solid cash position, no debt, and improving margins, making it financially flexible and promising for future growth. Despite risks from larger competitors and reliance on subcontractors, Powell Industries' revenue and earnings are expected to grow significantly.
Highly shorted Powell Industries (POWL) has done well in the past few years, making it one of the best-performing companies in Wall Street. It has risen in the last two consecutive months, reaching a record high of $247, up by 1,282% from its lowest point in 2023.