We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Huntsman (HUN) Outpaces Stock Market Gains: What You Should Know
Read MoreHide Full Article
Huntsman (HUN - Free Report) closed at $23.23 in the latest trading session, marking a +1.75% move from the prior day. This move outpaced the S&P 500's daily gain of 0.63%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.64%.
Prior to today's trading, shares of the chemical company had lost 11.61% over the past month. This has lagged the Basic Materials sector's loss of 4.29% and the S&P 500's loss of 4.95% in that time.
Investors will be hoping for strength from HUN as it approaches its next earnings release, which is expected to be February 22, 2019. In that report, analysts expect HUN to post earnings of $0.61 per share. This would mark a year-over-year decline of 19.74%. Meanwhile, our latest consensus estimate is calling for revenue of $2.24 billion, up 1.49% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.42 per share and revenue of $9.32 billion, which would represent changes of +37.9% and -1.44%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for HUN. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 2.56% lower. HUN currently has a Zacks Rank of #3 (Hold).
Investors should also note HUN's current valuation metrics, including its Forward P/E ratio of 6.67. This represents a discount compared to its industry's average Forward P/E of 12.73.
We can also see that HUN currently has a PEG ratio of 0.78. 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. Chemical - Diversified stocks are, on average, holding a PEG ratio of 1.1 based on yesterday's closing prices.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 218, putting it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Huntsman (HUN) Outpaces Stock Market Gains: What You Should Know
Huntsman (HUN - Free Report) closed at $23.23 in the latest trading session, marking a +1.75% move from the prior day. This move outpaced the S&P 500's daily gain of 0.63%. At the same time, the Dow added 0.68%, and the tech-heavy Nasdaq gained 0.64%.
Prior to today's trading, shares of the chemical company had lost 11.61% over the past month. This has lagged the Basic Materials sector's loss of 4.29% and the S&P 500's loss of 4.95% in that time.
Investors will be hoping for strength from HUN as it approaches its next earnings release, which is expected to be February 22, 2019. In that report, analysts expect HUN to post earnings of $0.61 per share. This would mark a year-over-year decline of 19.74%. Meanwhile, our latest consensus estimate is calling for revenue of $2.24 billion, up 1.49% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $3.42 per share and revenue of $9.32 billion, which would represent changes of +37.9% and -1.44%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for HUN. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an 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 2.56% lower. HUN currently has a Zacks Rank of #3 (Hold).
Investors should also note HUN's current valuation metrics, including its Forward P/E ratio of 6.67. This represents a discount compared to its industry's average Forward P/E of 12.73.
We can also see that HUN currently has a PEG ratio of 0.78. 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. Chemical - Diversified stocks are, on average, holding a PEG ratio of 1.1 based on yesterday's closing prices.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 218, putting it in the bottom 15% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.