Griffon (GFF) Stock Slides as Market Rises: Facts to Know Before You Trade

Company Performance - Griffon (GFF) closed at $70.80, reflecting a -0.99% change from the previous day, underperforming the S&P 500's gain of 0.08% [1] - Over the last month, Griffon's shares decreased by 4.65%, compared to a loss of 0.72% in the Conglomerates sector and a 7.33% loss in the S&P 500 [1] Earnings Estimates - The upcoming earnings release for Griffon is expected to show an EPS of$ 1.17, indicating a 13.33% decline year-over-year [2] - Revenue is projected to be $614 million, reflecting an 8.75% decrease compared to the same quarter last year [2] - For the entire fiscal year, earnings are estimated at$ 5.68 per share, a 10.94% increase from the previous year, while revenue is expected to be $2.59 billion, showing a -1.2% change [3] Analyst Estimates and Rankings - Recent modifications to analyst estimates for Griffon are crucial as they indicate changing near-term business trends, with positive revisions seen as a favorable sign for the company's outlook [4] - The Zacks Rank system, which incorporates estimate changes, currently ranks Griffon as 2 (Buy), with a Forward P/E ratio of 12.59, indicating a discount compared to the industry average of 16.06 [6] Industry Context - Griffon operates within the Diversified Operations industry, which is part of the Conglomerates sector, currently holding a Zacks Industry Rank of 40, placing it in the top 16% of over 250 industries [7] - The top 50% rated industries, as per Zacks Industry Rank, tend to outperform the bottom half by a factor of 2 to 1 [7]