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Sprouts Farmers (SFM) Sees a More Significant Dip Than Broader Market: Some Facts to Know
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Sprouts Farmers (SFM - Free Report) closed at $72.20 in the latest trading session, marking a -1.24% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.59%. Elsewhere, the Dow saw a downswing of 0.6%, while the tech-heavy Nasdaq depreciated by 0.65%.
Heading into today, shares of the natural and organic food retailer had lost 15.06% over the past month, lagging the Retail-Wholesale sector's loss of 8.48% and the S&P 500's loss of 1.37%.
The investment community will be paying close attention to the earnings performance of Sprouts Farmers in its upcoming release. The company is forecasted to report an EPS of $1.24, showcasing a 1.64% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.34 billion, up 6.32% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $5.55 per share and a revenue of $9.5 billion, demonstrating changes of +4.52% and +7.86%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sprouts Farmers. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.01% higher within the past month. As of now, Sprouts Farmers holds a Zacks Rank of #3 (Hold).
In the context of valuation, Sprouts Farmers is at present trading with a Forward P/E ratio of 13.18. For comparison, its industry has an average Forward P/E of 13.18, which means Sprouts Farmers is trading at no noticeable deviation to the group.
Meanwhile, SFM's PEG ratio is currently 1.81. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Food - Natural Foods Products industry held an average PEG ratio of 1.52.
The Food - Natural Foods Products industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 224, placing it within the bottom 9% of over 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.
To follow SFM in the coming trading sessions, be sure to utilize Zacks.com.
View the Zacks #1 Rank List
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Sprouts Farmers (SFM) Sees a More Significant Dip Than Broader Market: Some Facts to Know
Sprouts Farmers (SFM - Free Report) closed at $72.20 in the latest trading session, marking a -1.24% move from the prior day. The stock's change was less than the S&P 500's daily loss of 0.59%. Elsewhere, the Dow saw a downswing of 0.6%, while the tech-heavy Nasdaq depreciated by 0.65%.
Heading into today, shares of the natural and organic food retailer had lost 15.06% over the past month, lagging the Retail-Wholesale sector's loss of 8.48% and the S&P 500's loss of 1.37%.
The investment community will be paying close attention to the earnings performance of Sprouts Farmers in its upcoming release. The company is forecasted to report an EPS of $1.24, showcasing a 1.64% upward movement from the corresponding quarter of the prior year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.34 billion, up 6.32% from the year-ago period.
For the full year, the Zacks Consensus Estimates project earnings of $5.55 per share and a revenue of $9.5 billion, demonstrating changes of +4.52% and +7.86%, respectively, from the preceding year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sprouts Farmers. Such recent modifications usually signify the changing landscape of near-term business trends. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research reveals that these estimate alterations are directly linked with the stock price performance in the near future. To take advantage of this, we've established the Zacks Rank, an exclusive model that considers these estimated changes and delivers an operational rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.01% higher within the past month. As of now, Sprouts Farmers holds a Zacks Rank of #3 (Hold).
In the context of valuation, Sprouts Farmers is at present trading with a Forward P/E ratio of 13.18. For comparison, its industry has an average Forward P/E of 13.18, which means Sprouts Farmers is trading at no noticeable deviation to the group.
Meanwhile, SFM's PEG ratio is currently 1.81. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. As of the close of trade yesterday, the Food - Natural Foods Products industry held an average PEG ratio of 1.52.
The Food - Natural Foods Products industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 224, placing it within the bottom 9% of over 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.
To follow SFM in the coming trading sessions, be sure to utilize Zacks.com.