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Insights Into Sprouts Farmers (SFM) Q3: Wall Street Projections for Key Metrics
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In its upcoming report, Sprouts Farmers (SFM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.22 per share, reflecting no change compared to the same period last year. Revenues are forecasted to be $2.33 billion, representing a year-over-year increase of 5.9%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Sprouts Farmers metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Comparable store sales growth' to come in at -0.0%. The estimate compares to the year-ago value of 5.9%.
Analysts' assessment points toward 'Stores at end of period' reaching 504 . Compared to the current estimate, the company reported 464 in the same quarter of the previous year.
The consensus estimate for 'New Stores Opened' stands at 15 . The estimate is in contrast to the year-ago figure of 9 .
Analysts predict that the 'Stores at beginning of period' will reach 490 . Compared to the current estimate, the company reported 455 in the same quarter of the previous year.
Shares of Sprouts Farmers have demonstrated returns of +6% over the past month compared to the Zacks S&P 500 composite's -1.2% change. With a Zacks Rank #4 (Sell), SFM is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
View the Zacks #1 Rank List
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Insights Into Sprouts Farmers (SFM) Q3: Wall Street Projections for Key Metrics
In its upcoming report, Sprouts Farmers (SFM - Free Report) is predicted by Wall Street analysts to post quarterly earnings of $1.22 per share, reflecting no change compared to the same period last year. Revenues are forecasted to be $2.33 billion, representing a year-over-year increase of 5.9%.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.4% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Prior to a company's earnings release, it is of utmost importance to factor in any revisions made to the earnings projections. These revisions serve as a critical gauge for predicting potential investor behaviors with respect to the stock. Empirical studies consistently reveal a strong link between trends in earnings estimate revisions and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
Bearing this in mind, let's now explore the average estimates of specific Sprouts Farmers metrics that are commonly monitored and projected by Wall Street analysts.
Analysts expect 'Comparable store sales growth' to come in at -0.0%. The estimate compares to the year-ago value of 5.9%.
Analysts' assessment points toward 'Stores at end of period' reaching 504 . Compared to the current estimate, the company reported 464 in the same quarter of the previous year.
The consensus estimate for 'New Stores Opened' stands at 15 . The estimate is in contrast to the year-ago figure of 9 .
Analysts predict that the 'Stores at beginning of period' will reach 490 . Compared to the current estimate, the company reported 455 in the same quarter of the previous year.
View all Key Company Metrics for Sprouts Farmers here>>>Shares of Sprouts Farmers have demonstrated returns of +6% over the past month compared to the Zacks S&P 500 composite's -1.2% change. With a Zacks Rank #4 (Sell), SFM is expected to lag the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .