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BellRing Brands (BRBR) Stock Dips While Market Gains: Key Facts
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In the latest close session, BellRing Brands (BRBR - Free Report) was down 2.43% at $34.99. This change lagged the S&P 500's daily gain of 0.01%. Elsewhere, the Dow gained 0.51%, while the tech-heavy Nasdaq lost 0.28%.
The nutritional supplements company's shares have seen a decrease of 15.98% over the last month, not keeping up with the Consumer Staples sector's loss of 3.78% and the S&P 500's gain of 4.83%.
The upcoming earnings release of BellRing Brands will be of great interest to investors. It is anticipated that the company will report an EPS of $0.55, marking a 7.84% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $631.33 million, up 13.59% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.21 per share and a revenue of $2.3 billion, indicating changes of +14.51% and 0%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for BellRing Brands. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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.
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. The Zacks Consensus EPS estimate has moved 1.16% lower within the past month. At present, BellRing Brands boasts a Zacks Rank of #5 (Strong Sell).
In terms of valuation, BellRing Brands is currently trading at a Forward P/E ratio of 15.13. For comparison, its industry has an average Forward P/E of 16.19, which means BellRing Brands is trading at a discount to the group.
It is also worth noting that BRBR currently has a PEG ratio of 1.66. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. BRBR's industry had an average PEG ratio of 1.75 as of yesterday's close.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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BellRing Brands (BRBR) Stock Dips While Market Gains: Key Facts
In the latest close session, BellRing Brands (BRBR - Free Report) was down 2.43% at $34.99. This change lagged the S&P 500's daily gain of 0.01%. Elsewhere, the Dow gained 0.51%, while the tech-heavy Nasdaq lost 0.28%.
The nutritional supplements company's shares have seen a decrease of 15.98% over the last month, not keeping up with the Consumer Staples sector's loss of 3.78% and the S&P 500's gain of 4.83%.
The upcoming earnings release of BellRing Brands will be of great interest to investors. It is anticipated that the company will report an EPS of $0.55, marking a 7.84% rise compared to the same quarter of the previous year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $631.33 million, up 13.59% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $2.21 per share and a revenue of $2.3 billion, indicating changes of +14.51% and 0%, respectively, from the former year.
It is also important to note the recent changes to analyst estimates for BellRing Brands. Such recent modifications usually signify the changing landscape of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. 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.
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. The Zacks Consensus EPS estimate has moved 1.16% lower within the past month. At present, BellRing Brands boasts a Zacks Rank of #5 (Strong Sell).
In terms of valuation, BellRing Brands is currently trading at a Forward P/E ratio of 15.13. For comparison, its industry has an average Forward P/E of 16.19, which means BellRing Brands is trading at a discount to the group.
It is also worth noting that BRBR currently has a PEG ratio of 1.66. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. BRBR's industry had an average PEG ratio of 1.75 as of yesterday's close.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 191, putting it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.