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Sprouts Farmers (SFM) Falls More Steeply Than Broader Market: What Investors Need to Know
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Sprouts Farmers (SFM - Free Report) ended the recent trading session at $71.06, demonstrating a -3.27% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.45% for the day. On the other hand, the Dow registered a loss of 1.21%, and the technology-centric Nasdaq decreased by 0.01%.
The stock of natural and organic food retailer has fallen by 6.82% in the past month, leading the Retail-Wholesale sector's loss of 7.24% and undershooting the S&P 500's loss of 2.43%.
The investment community will be closely monitoring the performance of Sprouts Farmers in its forthcoming earnings report. 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 latest consensus estimate predicts the revenue to be $2.34 billion, indicating a 6.32% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.55 per share and a revenue of $9.5 billion, signifying shifts of +4.52% and +7.86%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sprouts Farmers. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 remained unchanged. Sprouts Farmers is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Sprouts Farmers is currently trading at a Forward P/E ratio of 13.24. This indicates a discount in contrast to its industry's Forward P/E of 13.81.
It is also worth noting that SFM currently has a PEG ratio of 1.82. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Food - Natural Foods Products industry held an average PEG ratio of 1.48.
The Food - Natural Foods Products industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 226, placing it within the bottom 9% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
View the Zacks #1 Rank List
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Sprouts Farmers (SFM) Falls More Steeply Than Broader Market: What Investors Need to Know
Sprouts Farmers (SFM - Free Report) ended the recent trading session at $71.06, demonstrating a -3.27% change from the preceding day's closing price. The stock fell short of the S&P 500, which registered a loss of 0.45% for the day. On the other hand, the Dow registered a loss of 1.21%, and the technology-centric Nasdaq decreased by 0.01%.
The stock of natural and organic food retailer has fallen by 6.82% in the past month, leading the Retail-Wholesale sector's loss of 7.24% and undershooting the S&P 500's loss of 2.43%.
The investment community will be closely monitoring the performance of Sprouts Farmers in its forthcoming earnings report. 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 latest consensus estimate predicts the revenue to be $2.34 billion, indicating a 6.32% increase compared to the same quarter of the previous year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $5.55 per share and a revenue of $9.5 billion, signifying shifts of +4.52% and +7.86%, respectively, from the last year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for Sprouts Farmers. Recent revisions tend to reflect the latest near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable 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 remained unchanged. Sprouts Farmers is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, Sprouts Farmers is currently trading at a Forward P/E ratio of 13.24. This indicates a discount in contrast to its industry's Forward P/E of 13.81.
It is also worth noting that SFM currently has a PEG ratio of 1.82. Comparable to the widely accepted P/E ratio, the PEG ratio also accounts for the company's projected earnings growth. As of the close of trade yesterday, the Food - Natural Foods Products industry held an average PEG ratio of 1.48.
The Food - Natural Foods Products industry is part of the Retail-Wholesale sector. At present, this industry carries a Zacks Industry Rank of 226, placing it within the bottom 9% of over 250 industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.