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SM Energy (SM) Stock Slides as Market Rises: Facts to Know Before You Trade
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SM Energy (SM - Free Report) closed the most recent trading day at $39.07, moving -2.69% from the previous trading session. This move lagged the S&P 500's daily gain of 0.6%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, added 1.18%.
The independent oil and gas company's stock has climbed by 19.67% in the past month, exceeding the Oils-Energy sector's gain of 7.33% and the S&P 500's loss of 0.79%.
Market participants will be closely following the financial results of SM Energy in its upcoming release. The company plans to announce its earnings on November 3, 2026. The company is forecasted to report an EPS of $2.03, showcasing a 52.63% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $1.97 billion, showing a 142.55% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $8.15 per share and a revenue of $7.6 billion, demonstrating changes of +50.37% and +141.09%, respectively, from the preceding year.
Any recent changes to analyst estimates for SM Energy should also be noted by investors. 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 8.88% upward. SM Energy is currently a Zacks Rank #2 (Buy).
From a valuation perspective, SM Energy is currently exchanging hands at a Forward P/E ratio of 4.93. This signifies a discount in comparison to the average Forward P/E of 9.67 for its industry.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 26, putting it in the top 11% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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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SM Energy (SM) Stock Slides as Market Rises: Facts to Know Before You Trade
SM Energy (SM - Free Report) closed the most recent trading day at $39.07, moving -2.69% from the previous trading session. This move lagged the S&P 500's daily gain of 0.6%. Meanwhile, the Dow gained 0.03%, and the Nasdaq, a tech-heavy index, added 1.18%.
The independent oil and gas company's stock has climbed by 19.67% in the past month, exceeding the Oils-Energy sector's gain of 7.33% and the S&P 500's loss of 0.79%.
Market participants will be closely following the financial results of SM Energy in its upcoming release. The company plans to announce its earnings on November 3, 2026. The company is forecasted to report an EPS of $2.03, showcasing a 52.63% upward movement from the corresponding quarter of the prior year. Simultaneously, our latest consensus estimate expects the revenue to be $1.97 billion, showing a 142.55% escalation compared to the year-ago quarter.
For the full year, the Zacks Consensus Estimates project earnings of $8.15 per share and a revenue of $7.6 billion, demonstrating changes of +50.37% and +141.09%, respectively, from the preceding year.
Any recent changes to analyst estimates for SM Energy should also be noted by investors. 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 capitalize on this, we've crafted the Zacks Rank, a unique model that incorporates these estimate changes and offers a practical rating system.
The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has shifted 8.88% upward. SM Energy is currently a Zacks Rank #2 (Buy).
From a valuation perspective, SM Energy is currently exchanging hands at a Forward P/E ratio of 4.93. This signifies a discount in comparison to the average Forward P/E of 9.67 for its industry.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. This group has a Zacks Industry Rank of 26, putting it in the top 11% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these 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.