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SunOpta (STKL) Flat As Market Gains: What You Should Know

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SunOpta (STKL - Free Report) closed the most recent trading day at $3.45, making no change from the previous trading session. This change lagged the S&P 500's daily gain of 0.02%. At the same time, the Dow lost 0.2%, and the tech-heavy Nasdaq gained 0.22%.

Coming into today, shares of the natural and organic food company had lost 20.14% in the past month. In that same time, the Consumer Staples sector lost 4.83%, while the S&P 500 lost 2.86%.

Investors will be hoping for strength from SunOpta as it approaches its next earnings release. On that day, SunOpta is projected to report earnings of -$0.01 per share, which would represent a year-over-year decline of 150%. Meanwhile, our latest consensus estimate is calling for revenue of $215.4 million, down 6.21% from the prior-year quarter.

For the full year, our Zacks Consensus Estimates are projecting earnings of $0.02 per share and revenue of $885 million, which would represent changes of -75% and -5.31%, respectively, from the prior year.

Investors should also note any recent changes to analyst estimates for SunOpta. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. 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 has moved 71.43% lower. SunOpta is holding a Zacks Rank of #3 (Hold) right now.

Valuation is also important, so investors should note that SunOpta has a Forward P/E ratio of 172.5 right now. This represents a premium compared to its industry's average Forward P/E of 15.3.

The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 155, putting it in the bottom 39% 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

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