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Smart Sand (SND) Flat As Market Gains: What You Should Know
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Smart Sand (SND - Free Report) closed at $1.60 in the latest trading session, marking no change from the prior day. This change lagged the S&P 500's 1.96% gain on the day. Elsewhere, the Dow gained 1.57%, while the tech-heavy Nasdaq lost 3.03%.
Heading into today, shares of the company had lost 9.6% over the past month, lagging the Oils-Energy sector's gain of 6.43% and the S&P 500's gain of 2.19% in that time.
Investors will be hoping for strength from Smart Sand as it approaches its next earnings release, which is expected to be May 9, 2023. On that day, Smart Sand is projected to report earnings of $0 per share, which would represent year-over-year growth of 100%. Meanwhile, our latest consensus estimate is calling for revenue of $61 million, up 46.6% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.27 per share and revenue of $262.7 million, which would represent changes of +1450% and +2.72%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Smart Sand. These revisions help to show the ever-changing nature of near-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. 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 remained stagnant. Smart Sand is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note Smart Sand's current valuation metrics, including its Forward P/E ratio of 5.93. This valuation marks a discount compared to its industry's average Forward P/E of 10.95.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 182, putting it in the bottom 28% 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.
To follow SND in the coming trading sessions, be sure to utilize Zacks.com.
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Smart Sand (SND) Flat As Market Gains: What You Should Know
Smart Sand (SND - Free Report) closed at $1.60 in the latest trading session, marking no change from the prior day. This change lagged the S&P 500's 1.96% gain on the day. Elsewhere, the Dow gained 1.57%, while the tech-heavy Nasdaq lost 3.03%.
Heading into today, shares of the company had lost 9.6% over the past month, lagging the Oils-Energy sector's gain of 6.43% and the S&P 500's gain of 2.19% in that time.
Investors will be hoping for strength from Smart Sand as it approaches its next earnings release, which is expected to be May 9, 2023. On that day, Smart Sand is projected to report earnings of $0 per share, which would represent year-over-year growth of 100%. Meanwhile, our latest consensus estimate is calling for revenue of $61 million, up 46.6% from the prior-year quarter.
For the full year, our Zacks Consensus Estimates are projecting earnings of $0.27 per share and revenue of $262.7 million, which would represent changes of +1450% and +2.72%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for Smart Sand. These revisions help to show the ever-changing nature of near-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. 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 remained stagnant. Smart Sand is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note Smart Sand's current valuation metrics, including its Forward P/E ratio of 5.93. This valuation marks a discount compared to its industry's average Forward P/E of 10.95.
The Oil and Gas - Field Services industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 182, putting it in the bottom 28% 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.
To follow SND in the coming trading sessions, be sure to utilize Zacks.com.