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SM Energy (SM) Rises As Market Takes a Dip: Key Facts
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SM Energy (SM - Free Report) closed the most recent trading day at $26.50, moving +2.51% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.55% for the day. Elsewhere, the Dow saw a downswing of 0.19%, while the tech-heavy Nasdaq depreciated by 0.95%.
Shares of the independent oil and gas company have depreciated by 8.88% over the course of the past month, underperforming the Oils-Energy sector's gain of 1.1%, and the S&P 500's gain of 3.64%.
Analysts and investors alike will be keeping a close eye on the performance of SM Energy in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.37, reflecting a 15.43% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $850.96 million, up 32.22% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.82 per share and a revenue of $3.33 billion, signifying shifts of -14.41% and +23.89%, respectively, from the last year.
Any recent changes to analyst estimates for SM Energy should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.75% fall in the Zacks Consensus EPS estimate. As of now, SM Energy holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that SM Energy has a Forward P/E ratio of 4.44 right now. Its industry sports an average Forward P/E of 10.51, so one might conclude that SM Energy is trading at a discount comparatively.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 199, putting it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.
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SM Energy (SM) Rises As Market Takes a Dip: Key Facts
SM Energy (SM - Free Report) closed the most recent trading day at $26.50, moving +2.51% from the previous trading session. The stock exceeded the S&P 500, which registered a loss of 0.55% for the day. Elsewhere, the Dow saw a downswing of 0.19%, while the tech-heavy Nasdaq depreciated by 0.95%.
Shares of the independent oil and gas company have depreciated by 8.88% over the course of the past month, underperforming the Oils-Energy sector's gain of 1.1%, and the S&P 500's gain of 3.64%.
Analysts and investors alike will be keeping a close eye on the performance of SM Energy in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $1.37, reflecting a 15.43% decrease from the same quarter last year. Meanwhile, our latest consensus estimate is calling for revenue of $850.96 million, up 32.22% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.82 per share and a revenue of $3.33 billion, signifying shifts of -14.41% and +23.89%, respectively, from the last year.
Any recent changes to analyst estimates for SM Energy should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the past month, there's been a 0.75% fall in the Zacks Consensus EPS estimate. As of now, SM Energy holds a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that SM Energy has a Forward P/E ratio of 4.44 right now. Its industry sports an average Forward P/E of 10.51, so one might conclude that SM Energy is trading at a discount comparatively.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 199, putting it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank is ordered 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.
Remember to apply Zacks.com to follow these and more stock-moving metrics during the upcoming trading sessions.