Fuel Tech (FTEK) Dips More Than Broader Markets: What You Should Know
Zacks Investment Research | Apr 25, 2019 05:45AM ET
Fuel Tech (FTEK) closed at $2.70 in the latest trading session, marking a -1.1% move from the prior day. This change lagged the S&P 500's 0.04% loss on the day. Meanwhile, the Dow lost 0.51%, and the Nasdaq, a tech-heavy index, added 0.21%.
Coming into today, shares of the maker of air pollution control systems had gained 55.56% in the past month. In that same time, the Industrial Products sector gained 7.74%, while the S&P 500 gained 4.65%.
FTEK will be looking to display strength as it nears its next earnings release. On that day, FTEK is projected to report earnings of $0 per share, which would represent year-over-year growth of 100%. Meanwhile, our latest consensus estimate is calling for revenue of $13.74 million, up 7.43% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for FTEK. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. FTEK is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, FTEK is holding a Forward P/E ratio of 54.6. This valuation marks a premium compared to its industry's average Forward P/E of 30.17.
The Pollution Control industry is part of the Industrial Products sector. This industry currently has a Zacks Industry Rank of 26, which puts it in the top 11% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow FTEK in the coming trading sessions, be sure to utilize Zacks.com.
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