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.
Cal-Maine Foods (CALM) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Cal-Maine Foods (CALM - Free Report) closed the most recent trading day at $46.50, moving -1.15% from the previous trading session. This change lagged the S&P 500's daily gain of 0.31%. Meanwhile, the Dow gained 0.05%, and the Nasdaq, a tech-heavy index, added 0.14%.
Coming into today, shares of the egg producer had lost 9.8% in the past month. In that same time, the Basic Materials sector gained 0.45%, while the S&P 500 lost 1.38%.
Investors will be hoping for strength from Cal-Maine Foods as it approaches its next earnings release. The company is expected to report EPS of $0.45, up 600% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Cal-Maine Foods. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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 remained stagnant. Cal-Maine Foods is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Cal-Maine Foods is holding a Forward P/E ratio of 37.33. Its industry sports an average Forward P/E of 13.31, so we one might conclude that Cal-Maine Foods is trading at a premium comparatively.
The Agriculture - Products industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 209, putting it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Cal-Maine Foods (CALM) Stock Sinks As Market Gains: What You Should Know
Cal-Maine Foods (CALM - Free Report) closed the most recent trading day at $46.50, moving -1.15% from the previous trading session. This change lagged the S&P 500's daily gain of 0.31%. Meanwhile, the Dow gained 0.05%, and the Nasdaq, a tech-heavy index, added 0.14%.
Coming into today, shares of the egg producer had lost 9.8% in the past month. In that same time, the Basic Materials sector gained 0.45%, while the S&P 500 lost 1.38%.
Investors will be hoping for strength from Cal-Maine Foods as it approaches its next earnings release. The company is expected to report EPS of $0.45, up 600% from the prior-year quarter.
Investors should also note any recent changes to analyst estimates for Cal-Maine Foods. These revisions typically reflect the latest short-term business trends, which can change frequently. 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. 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 remained stagnant. Cal-Maine Foods is holding a Zacks Rank of #3 (Hold) right now.
Looking at its valuation, Cal-Maine Foods is holding a Forward P/E ratio of 37.33. Its industry sports an average Forward P/E of 13.31, so we one might conclude that Cal-Maine Foods is trading at a premium comparatively.
The Agriculture - Products industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 209, putting it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.