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Why Sprouts Farmers (SFM) Dipped More Than Broader Market Today
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Sprouts Farmers (SFM - Free Report) closed the most recent trading day at $81.87, moving -3.14% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 1.51%. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.01%.
The stock of natural and organic food retailer has risen by 24.57% in the past month, leading the Retail-Wholesale sector's loss of 3.84% and the S&P 500's loss of 3.63%.
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 $1.67, showcasing a 7.73% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.33 billion, up 3.99% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.53 per share and a revenue of $9.51 billion, indicating changes of +4.14% and +7.96%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Sprouts Farmers. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.85% lower. Sprouts Farmers is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Sprouts Farmers has a Forward P/E ratio of 15.28 right now. This expresses no noticeable deviation compared to the average Forward P/E of 15.28 of its industry.
We can additionally observe that SFM currently boasts a PEG ratio of 1.82. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Food - Natural Foods Products industry had an average PEG ratio of 1.5.
The Food - Natural Foods Products industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 213, this industry ranks in the bottom 14% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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Why Sprouts Farmers (SFM) Dipped More Than Broader Market Today
Sprouts Farmers (SFM - Free Report) closed the most recent trading day at $81.87, moving -3.14% from the previous trading session. The stock trailed the S&P 500, which registered a daily loss of 1.51%. Meanwhile, the Dow experienced a drop of 0.97%, and the technology-dominated Nasdaq saw a decrease of 2.01%.
The stock of natural and organic food retailer has risen by 24.57% in the past month, leading the Retail-Wholesale sector's loss of 3.84% and the S&P 500's loss of 3.63%.
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 $1.67, showcasing a 7.73% downward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.33 billion, up 3.99% from the year-ago period.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.53 per share and a revenue of $9.51 billion, indicating changes of +4.14% and +7.96%, respectively, from the former year.
Investors might also notice recent changes to analyst estimates for Sprouts Farmers. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. 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, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable track record of superior performance, independently audited, with #1 stocks contributing an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has moved 1.85% lower. Sprouts Farmers is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Sprouts Farmers has a Forward P/E ratio of 15.28 right now. This expresses no noticeable deviation compared to the average Forward P/E of 15.28 of its industry.
We can additionally observe that SFM currently boasts a PEG ratio of 1.82. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. By the end of yesterday's trading, the Food - Natural Foods Products industry had an average PEG ratio of 1.5.
The Food - Natural Foods Products industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 213, this industry ranks in the bottom 14% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.