Superior Group (SGC) Shares Drop Despite Market Uptick: Key Reasons Explained

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Superior Group (SGC) closed at $15.78, a decrease of 0.5% on the latest trading day. The company’s share performance lagged behind the S&P 500, which gained 1%, while the Dow and Nasdaq rose by 0.78% and 1.51%, respectively. Over the past month, SGC’s shares have dropped by 2.7%, which is less favorable than the Consumer Discretionary sector’s loss of 4.58% and the S&P 500’s loss of 2.14%.

Upcoming earnings disclosure is anticipated, with analysts projecting an EPS of $0.18, marking an 18.18% decline year-over-year. Revenue is expected to reach $146.16 million, reflecting a 0.73% year-over-year decrease. The company currently holds a Zacks Rank of #3 (Hold) and trades at a Forward P/E ratio of 16.43, higher than the industry average of 16.08.

The PEG ratio for SGC stands at 1.64, compared to the industry’s average PEG ratio of 1.79. The Textile – Apparel industry is part of the Consumer Discretionary sector, ranked in the top 20% among over 250 industries, indicating favorable performance potential.

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