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CF Industries (CF) Gains As Market Dips: What You Should Know
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CF Industries (CF - Free Report) closed at $71.75 in the latest trading session, marking a +0.67% move from the prior day. This change outpaced the S&P 500's 0.47% loss on the day. Meanwhile, the Dow lost 0.72%, and the Nasdaq, a tech-heavy index, lost 5.08%.
Heading into today, shares of the fertilizer maker had gained 6.31% over the past month, outpacing the Basic Materials sector's gain of 3.51% and the S&P 500's gain of 5.36% in that time.
Wall Street will be looking for positivity from CF Industries as it approaches its next earnings report date. The company is expected to report EPS of $2.19, down 64.62% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.88 billion, down 44.42% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.97 per share and revenue of $6.86 billion. These totals would mark changes of -54.14% and -38.65%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for CF Industries. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 5.31% lower. CF Industries is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note CF Industries's current valuation metrics, including its Forward P/E ratio of 8.95. This represents a premium compared to its industry's average Forward P/E of 8.29.
Also, we should mention that CF has a PEG ratio of 1.49. 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 Fertilizers industry currently had an average PEG ratio of 1.14 as of yesterday's close.
The Fertilizers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 218, which puts it in the bottom 14% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.
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CF Industries (CF) Gains As Market Dips: What You Should Know
CF Industries (CF - Free Report) closed at $71.75 in the latest trading session, marking a +0.67% move from the prior day. This change outpaced the S&P 500's 0.47% loss on the day. Meanwhile, the Dow lost 0.72%, and the Nasdaq, a tech-heavy index, lost 5.08%.
Heading into today, shares of the fertilizer maker had gained 6.31% over the past month, outpacing the Basic Materials sector's gain of 3.51% and the S&P 500's gain of 5.36% in that time.
Wall Street will be looking for positivity from CF Industries as it approaches its next earnings report date. The company is expected to report EPS of $2.19, down 64.62% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.88 billion, down 44.42% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $7.97 per share and revenue of $6.86 billion. These totals would mark changes of -54.14% and -38.65%, respectively, from last year.
It is also important to note the recent changes to analyst estimates for CF Industries. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 5.31% lower. CF Industries is currently sporting a Zacks Rank of #3 (Hold).
Investors should also note CF Industries's current valuation metrics, including its Forward P/E ratio of 8.95. This represents a premium compared to its industry's average Forward P/E of 8.29.
Also, we should mention that CF has a PEG ratio of 1.49. 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 Fertilizers industry currently had an average PEG ratio of 1.14 as of yesterday's close.
The Fertilizers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 218, which puts it in the bottom 14% 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.
You can find more information on all of these metrics, and much more, on Zacks.com.