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Albertsons Companies, Inc. (ACI) Gains But Lags Market: What You Should Know
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Albertsons Companies, Inc. (ACI - Free Report) closed the most recent trading day at $20.09, moving +0.05% from the previous trading session. The stock lagged the S&P 500's daily gain of 0.07%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq lost 1.47%.
Heading into today, shares of the company had lost 6.17% over the past month, lagging the Consumer Staples sector's loss of 0.66% and the S&P 500's loss of 2% in that time.
Albertsons Companies, Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.68, down 9.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $18.11 billion, up 4.17% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Albertsons Companies, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Albertsons Companies, Inc. currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Albertsons Companies, Inc. is holding a Forward P/E ratio of 6.49. This represents a discount compared to its industry's average Forward P/E of 16.86.
Meanwhile, ACI's PEG ratio is currently 1.2. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. ACI's industry had an average PEG ratio of 2.07 as of yesterday's close.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 34% 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.
To follow ACI in the coming trading sessions, be sure to utilize Zacks.com.
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Albertsons Companies, Inc. (ACI) Gains But Lags Market: What You Should Know
Albertsons Companies, Inc. (ACI - Free Report) closed the most recent trading day at $20.09, moving +0.05% from the previous trading session. The stock lagged the S&P 500's daily gain of 0.07%. Elsewhere, the Dow gained 0.12%, while the tech-heavy Nasdaq lost 1.47%.
Heading into today, shares of the company had lost 6.17% over the past month, lagging the Consumer Staples sector's loss of 0.66% and the S&P 500's loss of 2% in that time.
Albertsons Companies, Inc. will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.68, down 9.33% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $18.11 billion, up 4.17% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Albertsons Companies, Inc.These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. Albertsons Companies, Inc. currently has a Zacks Rank of #3 (Hold).
Looking at its valuation, Albertsons Companies, Inc. is holding a Forward P/E ratio of 6.49. This represents a discount compared to its industry's average Forward P/E of 16.86.
Meanwhile, ACI's PEG ratio is currently 1.2. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. ACI's industry had an average PEG ratio of 2.07 as of yesterday's close.
The Consumer Products - Staples industry is part of the Consumer Staples sector. This industry currently has a Zacks Industry Rank of 85, which puts it in the top 34% 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.
To follow ACI in the coming trading sessions, be sure to utilize Zacks.com.