We use cookies to understand how you use our site and to improve your experience.
This includes personalizing content and advertising.
By pressing "Accept All" or closing out of this banner, you consent to the use of all cookies and similar technologies and the sharing of information they collect with third parties.
You can reject marketing cookies by pressing "Deny Optional," but we still use essential, performance, and functional cookies.
In addition, whether you "Accept All," Deny Optional," click the X or otherwise continue to use the site, you accept our Privacy Policy and Terms of Service, revised from time to time.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Sprouts Farmers (SFM) Stock Sinks As Market Gains: What You Should Know
Read MoreHide Full Article
Sprouts Farmers (SFM - Free Report) ended the recent trading session at $136.01, demonstrating a -2.4% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.27%. Elsewhere, the Dow gained 0.43%, while the tech-heavy Nasdaq added 0.37%.
Shares of the natural and organic food retailer witnessed a loss of 6.31% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 4.53%, and the S&P 500's gain of 1.85%.
The investment community will be closely monitoring the performance of Sprouts Farmers in its forthcoming earnings report. The company is forecasted to report an EPS of $1.16, showcasing a 27.47% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $2.22 billion, reflecting a 14.06% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.28 per share and a revenue of $8.93 billion, signifying shifts of +40.8% and +15.66%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Sprouts Farmers. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 0.14% lower. Sprouts Farmers currently has a Zacks Rank of #3 (Hold).
Investors should also note Sprouts Farmers's current valuation metrics, including its Forward P/E ratio of 26.39. This valuation marks a premium compared to its industry average Forward P/E of 19.86.
It is also worth noting that SFM currently has a PEG ratio of 1.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Food - Natural Foods Products stocks are, on average, holding a PEG ratio of 1.38 based on yesterday's closing prices.
The Food - Natural Foods Products industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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 SFM in the coming trading sessions, be sure to utilize Zacks.com.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Sprouts Farmers (SFM) Stock Sinks As Market Gains: What You Should Know
Sprouts Farmers (SFM - Free Report) ended the recent trading session at $136.01, demonstrating a -2.4% change from the preceding day's closing price. The stock trailed the S&P 500, which registered a daily gain of 0.27%. Elsewhere, the Dow gained 0.43%, while the tech-heavy Nasdaq added 0.37%.
Shares of the natural and organic food retailer witnessed a loss of 6.31% over the previous month, trailing the performance of the Retail-Wholesale sector with its gain of 4.53%, and the S&P 500's gain of 1.85%.
The investment community will be closely monitoring the performance of Sprouts Farmers in its forthcoming earnings report. The company is forecasted to report an EPS of $1.16, showcasing a 27.47% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $2.22 billion, reflecting a 14.06% rise from the equivalent quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.28 per share and a revenue of $8.93 billion, signifying shifts of +40.8% and +15.66%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for Sprouts Farmers. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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 0.14% lower. Sprouts Farmers currently has a Zacks Rank of #3 (Hold).
Investors should also note Sprouts Farmers's current valuation metrics, including its Forward P/E ratio of 26.39. This valuation marks a premium compared to its industry average Forward P/E of 19.86.
It is also worth noting that SFM currently has a PEG ratio of 1.58. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. Food - Natural Foods Products stocks are, on average, holding a PEG ratio of 1.38 based on yesterday's closing prices.
The Food - Natural Foods Products industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 94, placing it within the top 39% of over 250 industries.
The Zacks Industry Rank gauges the strength of our individual 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 SFM in the coming trading sessions, be sure to utilize Zacks.com.