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Kemet (KEM) Outpaces Stock Market Gains: What You Should Know

Kemet (KEM) closed at $17.88 in the latest trading session, marking a +1.65% move from the prior day. This change outpaced the S&P 500's 0.3% gain on the day. At the same time, the Dow added 0.15%, and the tech-heavy Nasdaq gained 0.42%.

Prior to today's trading, shares of the electronic capacitor maker had gained 1.03% over the past month. This has outpaced the Computer and Technology sector's gain of 0.55% and lagged the S&P 500's gain of 2.2% in that time.

Wall Street will be looking for positivity from KEM as it approaches its next earnings report date. The company is expected to report EPS of $0.75, up 36.36% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $343.47 million, up 4.84% from the year-ago period.

KEM's full-year Zacks Consensus Estimates are calling for earnings of $3.11 per share and revenue of $1.39 billion. These results would represent year-over-year changes of -12.15% and +0.78%, respectively.

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It is also important to note the recent changes to analyst estimates for KEM. 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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection remained stagnant. KEM currently has a Zacks Rank of #3 (Hold).

Looking at its valuation, KEM is holding a Forward P/E ratio of 5.65. This valuation marks a discount compared to its industry's average Forward P/E of 17.39.

The Electronics - Miscellaneous Components industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 104, putting it in the top 41% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.


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