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SQM (SQM) Gains But Lags Market: What You Should Know
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In the latest trading session, SQM (SQM - Free Report) closed at $79.40, marking a +0.51% move from the previous day. This move lagged the S&P 500's daily gain of 0.71%. Meanwhile, the Dow gained 1.06%, and the Nasdaq, a tech-heavy index, added 4.62%.
Prior to today's trading, shares of the chemicals company had gained 9.48% over the past month. This has outpaced the Basic Materials sector's gain of 1.62% and the S&P 500's gain of 2.65% in that time.
Investors will be hoping for strength from SQM as it approaches its next earnings release, which is expected to be August 16, 2023. The company is expected to report EPS of $2.87, down 4.65% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.38 billion, down 8.49% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $12.45 per share and revenue of $10.21 billion. These totals would mark changes of -8.99% and -4.63%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for SQM. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. SQM is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that SQM has a Forward P/E ratio of 6.35 right now. This represents a discount compared to its industry's average Forward P/E of 8.81.
Also, we should mention that SQM has a PEG ratio of 0.43. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Fertilizers industry currently had an average PEG ratio of 1.19 as of yesterday's close.
The Fertilizers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 244, which puts it in the bottom 4% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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SQM (SQM) Gains But Lags Market: What You Should Know
In the latest trading session, SQM (SQM - Free Report) closed at $79.40, marking a +0.51% move from the previous day. This move lagged the S&P 500's daily gain of 0.71%. Meanwhile, the Dow gained 1.06%, and the Nasdaq, a tech-heavy index, added 4.62%.
Prior to today's trading, shares of the chemicals company had gained 9.48% over the past month. This has outpaced the Basic Materials sector's gain of 1.62% and the S&P 500's gain of 2.65% in that time.
Investors will be hoping for strength from SQM as it approaches its next earnings release, which is expected to be August 16, 2023. The company is expected to report EPS of $2.87, down 4.65% from the prior-year quarter. Meanwhile, our latest consensus estimate is calling for revenue of $2.38 billion, down 8.49% from the prior-year quarter.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $12.45 per share and revenue of $10.21 billion. These totals would mark changes of -8.99% and -4.63%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for SQM. 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.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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. The Zacks Consensus EPS estimate remained stagnant within the past month. SQM is holding a Zacks Rank of #2 (Buy) right now.
Valuation is also important, so investors should note that SQM has a Forward P/E ratio of 6.35 right now. This represents a discount compared to its industry's average Forward P/E of 8.81.
Also, we should mention that SQM has a PEG ratio of 0.43. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Fertilizers industry currently had an average PEG ratio of 1.19 as of yesterday's close.
The Fertilizers industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 244, which puts it in the bottom 4% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.