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Sprouts Farmers (SFM) Stock Slides as Market Rises: Facts to Know Before You Trade
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In the latest close session, Sprouts Farmers (SFM - Free Report) was down 4.48% at $62.49. The stock's performance was behind the S&P 500's daily gain of 0.51%. At the same time, the Dow added 0.93%, and the tech-heavy Nasdaq gained 0.48%.
Shares of the natural and organic food retailer have depreciated by 19.27% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 6.89%, and the S&P 500's gain of 0.74%.
The investment community will be paying close attention to the earnings performance of Sprouts Farmers in its upcoming release. The company is expected to report EPS of $1.24, up 1.64% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.34 billion, up 6.32% from the year-ago period.
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.
Investors might also notice recent changes to analyst estimates for Sprouts Farmers. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Sprouts Farmers presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Sprouts Farmers is currently exchanging hands at a Forward P/E ratio of 11.79. This denotes a discount relative to the industry average Forward P/E of 14.27.
It's also important to note that SFM currently trades at a PEG ratio of 1.62. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Food - Natural Foods Products industry was having an average PEG ratio of 1.62.
The Food - Natural Foods Products industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 208, this industry ranks in the bottom 16% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
View the Zacks #1 Rank List
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Sprouts Farmers (SFM) Stock Slides as Market Rises: Facts to Know Before You Trade
In the latest close session, Sprouts Farmers (SFM - Free Report) was down 4.48% at $62.49. The stock's performance was behind the S&P 500's daily gain of 0.51%. At the same time, the Dow added 0.93%, and the tech-heavy Nasdaq gained 0.48%.
Shares of the natural and organic food retailer have depreciated by 19.27% over the course of the past month, underperforming the Retail-Wholesale sector's loss of 6.89%, and the S&P 500's gain of 0.74%.
The investment community will be paying close attention to the earnings performance of Sprouts Farmers in its upcoming release. The company is expected to report EPS of $1.24, up 1.64% from the prior-year quarter. Our most recent consensus estimate is calling for quarterly revenue of $2.34 billion, up 6.32% from the year-ago period.
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.
Investors might also notice recent changes to analyst estimates for Sprouts Farmers. These revisions help to show the ever-changing nature of near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the business outlook.
Our research demonstrates that these adjustments in estimates directly associate with imminent 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 ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has remained unchanged. Sprouts Farmers presently features a Zacks Rank of #3 (Hold).
From a valuation perspective, Sprouts Farmers is currently exchanging hands at a Forward P/E ratio of 11.79. This denotes a discount relative to the industry average Forward P/E of 14.27.
It's also important to note that SFM currently trades at a PEG ratio of 1.62. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. As the market closed yesterday, the Food - Natural Foods Products industry was having an average PEG ratio of 1.62.
The Food - Natural Foods Products industry is part of the Retail-Wholesale sector. With its current Zacks Industry Rank of 208, this industry ranks in the bottom 16% 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.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.