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Cal-Maine Foods (CALM) Gains As Market Dips: What You Should Know
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In the latest trading session, Cal-Maine Foods (CALM - Free Report) closed at $54.96, marking a +1.14% move from the previous day. This change outpaced the S&P 500's 0.03% loss on the day. Meanwhile, the Dow lost 0.46%, and the Nasdaq, a tech-heavy index, added 3.16%.
Coming into today, shares of the egg producer had gained 0.44% in the past month. In that same time, the Basic Materials sector lost 1.94%, while the S&P 500 gained 3.6%.
Investors will be hoping for strength from Cal-Maine Foods as it approaches its next earnings release. On that day, Cal-Maine Foods is projected to report earnings of $6 per share, which would represent year-over-year growth of 640.74%.
It is also important to note the recent changes to analyst estimates for Cal-Maine Foods. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 18.96% higher within the past month. Cal-Maine Foods currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Cal-Maine Foods is currently trading at a Forward P/E ratio of 3.24. This valuation marks a discount compared to its industry's average Forward P/E of 8.58.
Investors should also note that CALM has a PEG ratio of 0.16 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Agriculture - Products industry currently had an average PEG ratio of 0.16 as of yesterday's close.
The Agriculture - Products industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow CALM in the coming trading sessions, be sure to utilize Zacks.com.
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Cal-Maine Foods (CALM) Gains As Market Dips: What You Should Know
In the latest trading session, Cal-Maine Foods (CALM - Free Report) closed at $54.96, marking a +1.14% move from the previous day. This change outpaced the S&P 500's 0.03% loss on the day. Meanwhile, the Dow lost 0.46%, and the Nasdaq, a tech-heavy index, added 3.16%.
Coming into today, shares of the egg producer had gained 0.44% in the past month. In that same time, the Basic Materials sector lost 1.94%, while the S&P 500 gained 3.6%.
Investors will be hoping for strength from Cal-Maine Foods as it approaches its next earnings release. On that day, Cal-Maine Foods is projected to report earnings of $6 per share, which would represent year-over-year growth of 640.74%.
It is also important to note the recent changes to analyst estimates for Cal-Maine Foods. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. The Zacks Consensus EPS estimate has moved 18.96% higher within the past month. Cal-Maine Foods currently has a Zacks Rank of #1 (Strong Buy).
In terms of valuation, Cal-Maine Foods is currently trading at a Forward P/E ratio of 3.24. This valuation marks a discount compared to its industry's average Forward P/E of 8.58.
Investors should also note that CALM has a PEG ratio of 0.16 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Agriculture - Products industry currently had an average PEG ratio of 0.16 as of yesterday's close.
The Agriculture - Products industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 29, which puts it in the top 12% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
To follow CALM in the coming trading sessions, be sure to utilize Zacks.com.