AZZ Shares Gain Before October 13 Earnings Release

AZZ shares closed at $139.39 on Friday, up 2.94% from the previous session. The gain topped the S&P 500’s 0.73% rise; the Dow added 0.49%, and the Nasdaq gained 1.19%.

Despite Friday’s advance, AZZ shares fell 1.48% over the past month. The Industrial Products sector rose 1.81% in that period, while the S&P 500 gained 0.55%.

AZZ is scheduled to report earnings on October 13. Zacks consensus estimates call for quarterly earnings of $1.82 per share and revenue of $461.79 million, increases of 17.42% and 10.67%, respectively, from the same quarter a year earlier.

For the full year, Zacks estimates earnings of $7.06 per share and revenue of $1.82 billion. Those figures would be increases of 14.05% and 10.11% from the prior year. AZZ’s forward price-to-earnings ratio is 19.19, compared with an industry average of 23.63.