Silica Holdings closed the most recent trading day at $11.91, moving -1.08% from the previous trading session. This change lagged the S&P 500's daily gain of 0.25%. At the same time, the Dow added 0.08%, and the tech-heavy Nasdaq gained 7.26%.
Heading into today, shares of the commercial silica producer had lost 3.45% over the past month, lagging the Basic Materials sector's gain of 10.34% and the S&P 500's gain of 5.73% in that time.
Silica Holdings will be looking to display strength as it nears its next earnings release. On that day, Silica Holdings is projected to report earnings of $0.35 per share, which would represent year-over-year growth of 259.09%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $406.62 million, up 42.74% from the year-ago period.
Any recent changes to analyst estimates for Silica Holdings should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 19.55% lower. Silica Holdings is currently sporting a Zacks Rank of #4 (Sell).
Digging into valuation, Silica Holdings currently has a Forward P/E ratio of 8.36. For comparison, its industry has an average Forward P/E of 11.79, which means Silica Holdings is trading at a discount to the group.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 90, putting it in the top 36% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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Silica Holdings (SLCA) Stock Sinks As Market Gains: What You Should Know
Silica Holdings closed the most recent trading day at $11.91, moving -1.08% from the previous trading session. This change lagged the S&P 500's daily gain of 0.25%. At the same time, the Dow added 0.08%, and the tech-heavy Nasdaq gained 7.26%.
Heading into today, shares of the commercial silica producer had lost 3.45% over the past month, lagging the Basic Materials sector's gain of 10.34% and the S&P 500's gain of 5.73% in that time.
Silica Holdings will be looking to display strength as it nears its next earnings release. On that day, Silica Holdings is projected to report earnings of $0.35 per share, which would represent year-over-year growth of 259.09%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $406.62 million, up 42.74% from the year-ago period.
Any recent changes to analyst estimates for Silica Holdings should also be noted by investors. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 19.55% lower. Silica Holdings is currently sporting a Zacks Rank of #4 (Sell).
Digging into valuation, Silica Holdings currently has a Forward P/E ratio of 8.36. For comparison, its industry has an average Forward P/E of 11.79, which means Silica Holdings is trading at a discount to the group.
The Mining - Miscellaneous industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 90, putting it in the top 36% 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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.