Janus (JBI, $11.97) tops Q2 earnings expectations
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.
JBI's RSI Oscillator recovers from oversold territory
The RSI Oscillator for JBI moved out of oversold territory on November 20, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 34 similar instances when the indicator left oversold territory. In of the 34 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 60 cases where JBI's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where JBI advanced for three days, in of 291 cases, the price rose further within the following month. The odds of a continued upward trend are .
The Aroon Indicator entered an Uptrend today. In of 230 cases where JBI Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on December 24, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on JBI as a result. In of 82 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
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 .
JBI broke above its upper Bollinger Band on December 11, 2024. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.
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 (9.635). P/E Ratio (16.076) is within average values for comparable stocks, (37.786). 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 (2.262).
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 62, placing this stock worse than average.
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