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.
SM Energy (SM) Falls More Steeply Than Broader Market: What Investors Need to Know
Read MoreHide Full Article
In the latest close session, SM Energy (SM - Free Report) was down 1.8% at $32.13. The stock trailed the S&P 500, which registered a daily loss of 0.4%. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq lost 0.73%.
The stock of independent oil and gas company has risen by 41.46% in the past month, leading the Oils-Energy sector's gain of 10.64% and the S&P 500's loss of 7.34%.
The upcoming earnings release of SM Energy will be of great interest to investors. On that day, SM Energy is projected to report earnings of $0.94 per share, which would represent a year-over-year decline of 46.59%. Simultaneously, our latest consensus estimate expects the revenue to be $1.38 billion, showing a 63.76% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.2 per share and a revenue of $6.8 billion, indicating changes of -4.06% and +115.48%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for SM Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 50.68% increase. At present, SM Energy boasts a Zacks Rank of #3 (Hold).
In terms of valuation, SM Energy is presently being traded at a Forward P/E ratio of 6.29. For comparison, its industry has an average Forward P/E of 14.6, which means SM Energy is trading at a discount to the group.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 80, placing it within the top 33% of over 250 industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
Zacks' 7 Best Strong Buy Stocks (New Research Report)
Valued at $99, click below to receive our just-released report
predicting the 7 stocks that will soar highest in the coming month.
View the Zacks #1 Rank List
Image: Bigstock
SM Energy (SM) Falls More Steeply Than Broader Market: What Investors Need to Know
In the latest close session, SM Energy (SM - Free Report) was down 1.8% at $32.13. The stock trailed the S&P 500, which registered a daily loss of 0.4%. Elsewhere, the Dow gained 0.11%, while the tech-heavy Nasdaq lost 0.73%.
The stock of independent oil and gas company has risen by 41.46% in the past month, leading the Oils-Energy sector's gain of 10.64% and the S&P 500's loss of 7.34%.
The upcoming earnings release of SM Energy will be of great interest to investors. On that day, SM Energy is projected to report earnings of $0.94 per share, which would represent a year-over-year decline of 46.59%. Simultaneously, our latest consensus estimate expects the revenue to be $1.38 billion, showing a 63.76% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $5.2 per share and a revenue of $6.8 billion, indicating changes of -4.06% and +115.48%, respectively, from the former year.
Investors should also note any recent changes to analyst estimates for SM Energy. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Our research demonstrates that these adjustments in estimates directly associate with imminent stock price performance. 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, which varies between #1 (Strong Buy) and #5 (Strong Sell), carries an impressive track record of exceeding expectations, confirmed by external audits, with stocks at #1 delivering an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 50.68% increase. At present, SM Energy boasts a Zacks Rank of #3 (Hold).
In terms of valuation, SM Energy is presently being traded at a Forward P/E ratio of 6.29. For comparison, its industry has an average Forward P/E of 14.6, which means SM Energy is trading at a discount to the group.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. At present, this industry carries a Zacks Industry Rank of 80, placing it within the top 33% of over 250 industries.
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.
Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions.