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Sprouts Farmers (SFM) Ascends While Market Falls: Some Facts to Note
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Sprouts Farmers (SFM - Free Report) closed the most recent trading day at $77.27, moving +2.67% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 1.74%. Elsewhere, the Dow lost 1.01%, while the tech-heavy Nasdaq lost 2.38%.
The natural and organic food retailer's shares have seen an increase of 2.08% over the last month, surpassing the Retail-Wholesale sector's loss of 3.4% and the S&P 500's loss of 4.99%.
The investment community will be paying close attention to the earnings performance of Sprouts Farmers in its upcoming release. The company's upcoming EPS is projected at $1.67, signifying a 7.73% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $2.33 billion, indicating a 3.99% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.53 per share and revenue of $9.51 billion, which would represent changes of +4.14% and +7.96%, respectively, from the prior 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. The Zacks Consensus EPS estimate has moved 0.07% lower within the past month. Sprouts Farmers currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Sprouts Farmers is presently being traded at a Forward P/E ratio of 13.61. This denotes no noticeable deviation relative to the industry average Forward P/E of 13.61.
One should further note that SFM currently holds a PEG ratio of 1.62. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Food - Natural Foods Products industry had an average PEG ratio of 1.42 as trading concluded yesterday.
The Food - Natural Foods Products industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 216, this industry ranks in the bottom 12% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.
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Sprouts Farmers (SFM) Ascends While Market Falls: Some Facts to Note
Sprouts Farmers (SFM - Free Report) closed the most recent trading day at $77.27, moving +2.67% from the previous trading session. The stock's change was more than the S&P 500's daily loss of 1.74%. Elsewhere, the Dow lost 1.01%, while the tech-heavy Nasdaq lost 2.38%.
The natural and organic food retailer's shares have seen an increase of 2.08% over the last month, surpassing the Retail-Wholesale sector's loss of 3.4% and the S&P 500's loss of 4.99%.
The investment community will be paying close attention to the earnings performance of Sprouts Farmers in its upcoming release. The company's upcoming EPS is projected at $1.67, signifying a 7.73% drop compared to the same quarter of the previous year. In the meantime, our current consensus estimate forecasts the revenue to be $2.33 billion, indicating a 3.99% growth compared to the corresponding quarter of the prior year.
For the full year, the Zacks Consensus Estimates are projecting earnings of $5.53 per share and revenue of $9.51 billion, which would represent changes of +4.14% and +7.96%, respectively, from the prior 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. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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. The Zacks Consensus EPS estimate has moved 0.07% lower within the past month. Sprouts Farmers currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Sprouts Farmers is presently being traded at a Forward P/E ratio of 13.61. This denotes no noticeable deviation relative to the industry average Forward P/E of 13.61.
One should further note that SFM currently holds a PEG ratio of 1.62. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. The Food - Natural Foods Products industry had an average PEG ratio of 1.42 as trading concluded yesterday.
The Food - Natural Foods Products industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 216, this industry ranks in the bottom 12% of all industries, numbering over 250.
The Zacks Industry Rank assesses the strength of our separate industry groups by calculating the average Zacks Rank of the individual stocks contained within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.