Janus International Group, Inc. adjusted earnings for the second quarter came in at $0.17 per share, exceeding the Zacks Consensus Estimate of $0.14 per share. It was $0.21 per share a year ago.
Revenues of $247.71 million beat the Zacks Consensus Estimate by 7.38%. It was also higher than the year-ago quarter’s $174.18 million. The company has topped consensus revenue estimates four times over the last four quarters.
For the full year, the company boosted its revenue outlook to $940 - $960 million, vs. its prior forecast of $890 million to $910 million.
The Moving Average Convergence Divergence (MACD) for JBI turned positive on September 17, 2024. Looking at past instances where JBI's MACD turned positive, the stock continued to rise in of 44 cases over the following month. The odds of a continued upward trend are .
The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where JBI's RSI Oscillator exited the oversold zone, of 32 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
The Momentum Indicator moved above the 0 level on October 14, 2024. You may want to consider a long position or call options on JBI as a result. In of 76 past instances where the momentum indicator moved above 0, the stock continued to climb. The odds of a continued upward trend are .
JBI moved above its 50-day moving average on October 15, 2024 date and that indicates a change from a downward trend to an upward trend.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JBI advanced for three days, in of 279 cases, the price rose further within the following month. The odds of a continued upward trend are .
JBI may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
The Stochastic Oscillator has been in the overbought zone for 2 days. Expect a price pull-back in the near future.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where JBI declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is fair valued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (4.181) is normal, around the industry mean (9.538). P/E Ratio (16.076) is within average values for comparable stocks, (37.536). JBI's Projected Growth (PEG Ratio) (0.000) is slightly lower than the industry average of (3.657). JBI has a moderately low Dividend Yield (0.000) as compared to the industry average of (0.019). P/S Ratio (2.037) is also within normal values, averaging (2.250).
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. JBI’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to worse than average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. JBI’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 59, placing this stock worse than average.
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
Industry BuildingProducts