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 Dips While Market Gains: Key Facts
Read MoreHide Full Article
Sprouts Farmers (SFM - Free Report) closed the most recent trading day at $134.10, moving -1.41% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.3%. Elsewhere, the Dow saw a downswing of 0.48%, while the tech-heavy Nasdaq appreciated by 0.03%.
The natural and organic food retailer's stock has dropped by 7.99% in the past month, falling short of the Retail-Wholesale sector's gain of 5% and the S&P 500's gain of 2.09%.
Market participants will be closely following the financial results of Sprouts Farmers in its upcoming release. 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.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.28 per share and revenue of $8.93 billion. These totals would mark changes of +40.8% and +15.66%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sprouts Farmers. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.14% fall in the Zacks Consensus EPS estimate. Right now, Sprouts Farmers possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Sprouts Farmers is currently trading at a Forward P/E ratio of 25.76. 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 1.55. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Food - Natural Foods Products industry was having an average PEG ratio of 1.38.
The Food - Natural Foods Products industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 39% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Sprouts Farmers (SFM) Stock Dips While Market Gains: Key Facts
Sprouts Farmers (SFM - Free Report) closed the most recent trading day at $134.10, moving -1.41% from the previous trading session. The stock's change was less than the S&P 500's daily gain of 0.3%. Elsewhere, the Dow saw a downswing of 0.48%, while the tech-heavy Nasdaq appreciated by 0.03%.
The natural and organic food retailer's stock has dropped by 7.99% in the past month, falling short of the Retail-Wholesale sector's gain of 5% and the S&P 500's gain of 2.09%.
Market participants will be closely following the financial results of Sprouts Farmers in its upcoming release. 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.
Looking at the full year, the Zacks Consensus Estimates suggest analysts are expecting earnings of $5.28 per share and revenue of $8.93 billion. These totals would mark changes of +40.8% and +15.66%, respectively, from last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sprouts Farmers. These recent revisions tend to reflect the evolving nature of short-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To utilize this, we have created the Zacks Rank, a proprietary model that integrates these estimate changes and provides a functional rating system.
The Zacks Rank system, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Over the past month, there's been a 0.14% fall in the Zacks Consensus EPS estimate. Right now, Sprouts Farmers possesses a Zacks Rank of #3 (Hold).
In terms of valuation, Sprouts Farmers is currently trading at a Forward P/E ratio of 25.76. 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 1.55. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. As the market closed yesterday, the Food - Natural Foods Products industry was having an average PEG ratio of 1.38.
The Food - Natural Foods Products industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 95, which puts it in the top 39% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.