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Williams-Sonoma (WSM) Outperforms Broader Market: What You Need to Know
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Williams-Sonoma (WSM - Free Report) closed at $253.99 in the latest trading session, marking a +1.83% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.28%. Elsewhere, the Dow saw an upswing of 1.02%, while the tech-heavy Nasdaq depreciated by 0.02%.
Prior to today's trading, shares of the seller of cookware and home furnishings had gained 9.8% outpaced the Retail-Wholesale sector's gain of 4.46% and the S&P 500's gain of 0.67%.
The investment community will be paying close attention to the earnings performance of Williams-Sonoma in its upcoming release. The company is forecasted to report an EPS of $2.16, showcasing a 10.2% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.98 billion, reflecting a 5.39% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $9.51 per share and a revenue of $8.23 billion, demonstrating changes of +7.58% and +5.46%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Williams-Sonoma. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Williams-Sonoma currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Williams-Sonoma is currently trading at a Forward P/E ratio of 26.24. This represents a premium compared to its industry average Forward P/E of 17.04.
Investors should also note that WSM has a PEG ratio of 2.7 right now. 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. Retail - Home Furnishings stocks are, on average, holding a PEG ratio of 1.53 based on yesterday's closing prices.
The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 79, finds itself in the top 33% echelons of all 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.
View the Zacks #1 Rank List
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Williams-Sonoma (WSM) Outperforms Broader Market: What You Need to Know
Williams-Sonoma (WSM - Free Report) closed at $253.99 in the latest trading session, marking a +1.83% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.28%. Elsewhere, the Dow saw an upswing of 1.02%, while the tech-heavy Nasdaq depreciated by 0.02%.
Prior to today's trading, shares of the seller of cookware and home furnishings had gained 9.8% outpaced the Retail-Wholesale sector's gain of 4.46% and the S&P 500's gain of 0.67%.
The investment community will be paying close attention to the earnings performance of Williams-Sonoma in its upcoming release. The company is forecasted to report an EPS of $2.16, showcasing a 10.2% upward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $1.98 billion, reflecting a 5.39% rise from the equivalent quarter last year.
For the full year, the Zacks Consensus Estimates project earnings of $9.51 per share and a revenue of $8.23 billion, demonstrating changes of +7.58% and +5.46%, respectively, from the preceding year.
Investors should also pay attention to any latest changes in analyst estimates for Williams-Sonoma. These latest adjustments often mirror the shifting dynamics of short-term business patterns. 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 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, stretching from #1 (Strong Buy) to #5 (Strong Sell), has a noteworthy track record of outperforming, validated by third-party audits, with stocks rated #1 producing an average annual return of +25% since the year 1988. Within the past 30 days, our consensus EPS projection remained stagnant. Williams-Sonoma currently has a Zacks Rank of #3 (Hold).
In terms of valuation, Williams-Sonoma is currently trading at a Forward P/E ratio of 26.24. This represents a premium compared to its industry average Forward P/E of 17.04.
Investors should also note that WSM has a PEG ratio of 2.7 right now. 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. Retail - Home Furnishings stocks are, on average, holding a PEG ratio of 1.53 based on yesterday's closing prices.
The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. This industry, currently bearing a Zacks Industry Rank of 79, finds itself in the top 33% echelons of all 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.
Be sure to use Zacks.com to monitor all these stock-influencing metrics, and more, throughout the forthcoming trading sessions.