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Zacks Investment Ideas feature highlights: Sociedad Quimica y Minera de Chile
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For Immediate Release
Chicago, IL – May 25, 2022 – Today, Zacks Investment Ideas feature highlights Sociedad Química y Minera de Chile S.A. (SQM - Free Report) .
Survive Financial Armageddon Using the Zacks Rank
There's little doubt that what we are witnessing in the stock market right now is a nasty bear market. While the S&P 500 has yet to officially post a close 20% from its peak, the blue-chip index continues to hover right around those levels. The tech-heavy Nasdaq is now down over -30% from its peak last November.
Whereas the coronavirus pandemic-induced plunge was extremely swift (more along the lines of a waterfall decline), this fall in stocks has been fairly orderly and more in sync with what we've seen in past bear markets. There's a myriad of factors that are pulling down equity prices, not least of which is a declining earnings outlook. We've seen many stocks get absolutely punished recently for either missing earnings or guiding weak.
That's why it's so important to target companies whose earnings picture is actually improving in this market environment. Positive earnings estimate revisions are at the heart of the Zacks Rank, and investors can use this system to find companies that are primed to surge in price – even when most stocks are falling.
The Zacks Industry Rank assists investors in locating groups of stocks whose earnings outlook is improving. One of the ways we can decide which individual stocks to include in our portfolio is by targeting stocks in different industry groups. This also has the added benefit of helping to diversify our portfolio.
The Zacks Fertilizers industry currently ranks in the top 2% out of approximately 250 industries. Because this group is ranked in the top half of all industries, we expect it to outperform the market over the next 3 to 6 months. This group has returned 42.48% this year while the market has been in correction mode.
The projected EPS growth looks particularly promising. By targeting stocks within leading industry groups, we can put the odds in our favor and improve our investing results. Let's take a look at a Zacks Rank #1 (Strong Buy) stock within this top industry.
Sociedad Química y Minera de Chile S.A.
Sociedad Química y Minera produces and distributes specialty plant nutrients and fertilizers globally. SQM provides potassium chloride and sulfate for crops such as corn, rice, wheat, and sugar. The company also manufactures industrial chemicals and iodine derivative products. In addition, SQM offers lithium carbonates for various applications such as materials for batteries, air-conditioning chemicals, and heat-resistant glass. Sociedad Química y Minera was incorporated in 1968 and is headquartered in Santiago, Chile.
SQM has exceeded earnings estimates in each of the past two quarters. The fertilizer producer most recently reported Q1 EPS last week of $2.79, a 126.83% surprise over the $1.23 consensus estimate. The company has delivered a trailing four-quarter average earnings surprise of 28.19%, aiding the stock's 140% return over the past year.
Analysts are in agreement in terms of earnings revisions and have bolstered estimates across the board. For the current quarter, EPS estimates were raised 83.02% in the past 60 days. The Q2 Zacks Consensus Estimate now stands at $1.94, translating to an astounding 525.81% growth rate relative to the same quarter last year.
For the full year, analysts have increased EPS estimates by 49.03% in the past 60 days. The Zacks Consensus Estimate is now $6.93, reflecting potential growth of 238.05% versus 2021.
Make sure to put SQM on your watchlist if you haven't already done so.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Zacks Investment Ideas feature highlights: Sociedad Quimica y Minera de Chile
For Immediate Release
Chicago, IL – May 25, 2022 – Today, Zacks Investment Ideas feature highlights Sociedad Química y Minera de Chile S.A. (SQM - Free Report) .
Survive Financial Armageddon Using the Zacks Rank
There's little doubt that what we are witnessing in the stock market right now is a nasty bear market. While the S&P 500 has yet to officially post a close 20% from its peak, the blue-chip index continues to hover right around those levels. The tech-heavy Nasdaq is now down over -30% from its peak last November.
Whereas the coronavirus pandemic-induced plunge was extremely swift (more along the lines of a waterfall decline), this fall in stocks has been fairly orderly and more in sync with what we've seen in past bear markets. There's a myriad of factors that are pulling down equity prices, not least of which is a declining earnings outlook. We've seen many stocks get absolutely punished recently for either missing earnings or guiding weak.
That's why it's so important to target companies whose earnings picture is actually improving in this market environment. Positive earnings estimate revisions are at the heart of the Zacks Rank, and investors can use this system to find companies that are primed to surge in price – even when most stocks are falling.
The Zacks Industry Rank assists investors in locating groups of stocks whose earnings outlook is improving. One of the ways we can decide which individual stocks to include in our portfolio is by targeting stocks in different industry groups. This also has the added benefit of helping to diversify our portfolio.
The Zacks Fertilizers industry currently ranks in the top 2% out of approximately 250 industries. Because this group is ranked in the top half of all industries, we expect it to outperform the market over the next 3 to 6 months. This group has returned 42.48% this year while the market has been in correction mode.
The projected EPS growth looks particularly promising. By targeting stocks within leading industry groups, we can put the odds in our favor and improve our investing results. Let's take a look at a Zacks Rank #1 (Strong Buy) stock within this top industry.
Sociedad Química y Minera de Chile S.A.
Sociedad Química y Minera produces and distributes specialty plant nutrients and fertilizers globally. SQM provides potassium chloride and sulfate for crops such as corn, rice, wheat, and sugar. The company also manufactures industrial chemicals and iodine derivative products. In addition, SQM offers lithium carbonates for various applications such as materials for batteries, air-conditioning chemicals, and heat-resistant glass. Sociedad Química y Minera was incorporated in 1968 and is headquartered in Santiago, Chile.
SQM has exceeded earnings estimates in each of the past two quarters. The fertilizer producer most recently reported Q1 EPS last week of $2.79, a 126.83% surprise over the $1.23 consensus estimate. The company has delivered a trailing four-quarter average earnings surprise of 28.19%, aiding the stock's 140% return over the past year.
Analysts are in agreement in terms of earnings revisions and have bolstered estimates across the board. For the current quarter, EPS estimates were raised 83.02% in the past 60 days. The Q2 Zacks Consensus Estimate now stands at $1.94, translating to an astounding 525.81% growth rate relative to the same quarter last year.
For the full year, analysts have increased EPS estimates by 49.03% in the past 60 days. The Zacks Consensus Estimate is now $6.93, reflecting potential growth of 238.05% versus 2021.
Make sure to put SQM on your watchlist if you haven't already done so.
Why Haven't You Looked at Zacks' Top Stocks?
Our 5 best-performing strategies have blown away the S&P's impressive +28.8% gain in 2021. Amazingly, they soared +40.3%, +48.2%, +67.6%, +94.4%, and +95.3%. Today you can access their live picks without cost or obligation.
See Stocks Free >>
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Past performance is no guarantee of future results. Inherent in any investment is the potential for loss. This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.