Axon Enterprise (AXON) closed at $188.96 in the last trading session, marking a +0.01% move from the previous day. This change outpaced the S&P 500’s 0.07% loss on the day. Meanwhile, the Dow gained 0.31% and the Nasdaq, a technology-heavy index, lost 3.22%.

Going into today, shares of the stun gun and body camera maker had gained 11.82% over the past month, outpacing the Industrials sector’s gain of 3.75% and the gain of the S&P 500 by 4.64% during this period.

Axon Enterprise will look to show strength ahead of its next earnings release. In this report, analysts expect Axon Enterprise to post earnings of $0.50 per share. This would mark year-over-year growth of 8.7%. Meanwhile, our latest consensus estimate calls for revenue of $304.76 million, up 40.07% from the prior year quarter.

Any recent changes in analyst estimates for Axon Enterprise should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term trading trends. With this in mind, we can view positive estimate revisions as a sign of optimism about the company’s business outlook.

Our research shows that these estimate changes are directly correlated to short-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes into account these estimation changes and provides a clear and actionable scoring model.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of outperformance verified by external audits, with #1 stocks generating an average annual return of +25% since 1988 Over the past 30 days, our consensus EPS projection has remained stagnant. Axon Enterprise is currently a Zacks Rank #1 (Strong Buy).

Digging into the valuation, Axon Enterprise currently has a Forward P/E ratio of 74.63. This valuation marks a premium to the sector’s average Forward P/E of 20.93.

The security and safety services industry is part of the industrial products sector. This group has a Zacks Industry Rank of 172, which places it in the bottom 32% of all 250+ industries.

The Zacks Industry Rankings are ranked from best to worst in terms of the average Zacks Ranking of individual companies in each of these industries. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and more, at

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