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Clearwater Paper (CLW) Gains But Lags Market: What You Should Know
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Clearwater Paper (CLW - Free Report) closed at $37.92 in the latest trading session, marking a +1.39% move from the prior day. This move lagged the S&P 500's daily gain of 1.75%. Elsewhere, the Dow gained 1.05%, while the tech-heavy Nasdaq added 7.84%.
Heading into today, shares of the maker of pulp-based products had lost 4.18% over the past month, lagging the Basic Materials sector's loss of 0.18% and outpacing the S&P 500's loss of 4.4% in that time.
Wall Street will be looking for positivity from Clearwater Paper as it approaches its next earnings report date. On that day, Clearwater Paper is projected to report earnings of $0.46 per share, which would represent a year-over-year decline of 43.9%. Meanwhile, our latest consensus estimate is calling for revenue of $539 million, up 10.04% from the prior-year quarter.
CLW's full-year Zacks Consensus Estimates are calling for earnings of $4.44 per share and revenue of $2.09 billion. These results would represent year-over-year changes of +331.07% and +18.02%, respectively.
It is also important to note the recent changes to analyst estimates for Clearwater Paper. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Clearwater Paper is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, Clearwater Paper is currently trading at a Forward P/E ratio of 8.42. This represents a no noticeable deviation compared to its industry's average Forward P/E of 8.42.
The Paper and Related Products industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 19, putting it in the top 8% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Clearwater Paper (CLW) Gains But Lags Market: What You Should Know
Clearwater Paper (CLW - Free Report) closed at $37.92 in the latest trading session, marking a +1.39% move from the prior day. This move lagged the S&P 500's daily gain of 1.75%. Elsewhere, the Dow gained 1.05%, while the tech-heavy Nasdaq added 7.84%.
Heading into today, shares of the maker of pulp-based products had lost 4.18% over the past month, lagging the Basic Materials sector's loss of 0.18% and outpacing the S&P 500's loss of 4.4% in that time.
Wall Street will be looking for positivity from Clearwater Paper as it approaches its next earnings report date. On that day, Clearwater Paper is projected to report earnings of $0.46 per share, which would represent a year-over-year decline of 43.9%. Meanwhile, our latest consensus estimate is calling for revenue of $539 million, up 10.04% from the prior-year quarter.
CLW's full-year Zacks Consensus Estimates are calling for earnings of $4.44 per share and revenue of $2.09 billion. These results would represent year-over-year changes of +331.07% and +18.02%, respectively.
It is also important to note the recent changes to analyst estimates for Clearwater Paper. 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.
Our research shows that these estimate changes are directly correlated with near-term stock prices. 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Clearwater Paper is currently a Zacks Rank #1 (Strong Buy).
In terms of valuation, Clearwater Paper is currently trading at a Forward P/E ratio of 8.42. This represents a no noticeable deviation compared to its industry's average Forward P/E of 8.42.
The Paper and Related Products industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 19, putting it in the top 8% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.