Why the Market Dipped But DXP Enterprises (DXPE) Gained Today

The latest trading session saw DXP Enterprises (DXPE) ending at $80.32, denoting a +0.95% adjustment from its last day's close. This move outpaced the S&P 500's daily loss of 0.17%. At the same time, the Dow lost 0.39%, and the tech-heavy Nasdaq lost 0.05%.Coming into today, shares of the industrial products supplier had lost 5.46% in the past month. In that same time, the Industrial Products sector lost 7.87%, while the S&P 500 lost 3.94%.Investors will be eagerly watching for the performance of DXP Enterprises in its upcoming earnings disclosure.It's also important for investors to be aware of any recent modifications to analyst estimates for DXP Enterprises. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.Our research shows that these estimate changes are directly correlated with near-term stock prices. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 22.51% higher. DXP Enterprises currently has a Zacks Rank of #1 (Strong Buy).Valuation is also important, so investors should note that DXP Enterprises has a Forward P/E ratio of 15.07 right now. Its industry sports an average Forward P/E of 18.74, so one might conclude that DXP Enterprises is trading at a discount comparatively.The Manufacturing - General Industrial industry is part of the Industrial Products sector. This group has a Zacks Industry Rank of 151, putting it in the bottom 40% of all 250+ industries.The Zacks Industry Rank assesses the vigor of our specific industry groups by computing the average Zacks Rank of the individual stocks incorporated in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.You can find more information on all of these metrics, and much more, on Zacks.com.7 Best Stocks for the Next 30 DaysJust released: Experts distill 7 elite stocks from the current list of 220 Zacks Rank #1 Strong Buys. They deem these tickers "Most Likely for Early Price Pops."Since 1988, the full list has beaten the market more than 2X over with an average gain of +23.9% per year. So be sure to give these hand picked 7 your immediate attention. See them now >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report DXP Enterprises, Inc. (DXPE): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks