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Why Williams-Sonoma (WSM) Dipped More Than Broader Market Today
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Williams-Sonoma (WSM - Free Report) closed the most recent trading day at $250.38, moving -4.47% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.35% for the day. On the other hand, the Dow registered a loss of 0.36%, and the technology-centric Nasdaq decreased by 0.39%.
The stock of seller of cookware and home furnishings has risen by 8.09% in the past month, leading the Retail-Wholesale sector's gain of 6.05% and the S&P 500's loss of 2.42%.
The upcoming earnings release of Williams-Sonoma will be of great interest to investors. The company is expected to report EPS of $2.17, up 10.71% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.98 billion, indicating a 5.32% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.5 per share and a revenue of $8.23 billion, representing changes of +7.47% and +5.48%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Williams-Sonoma. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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, 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. Within the past 30 days, our consensus EPS projection has moved 0.02% lower. Currently, Williams-Sonoma is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Williams-Sonoma is currently trading at a Forward P/E ratio of 27.58. This represents a premium compared to its industry average Forward P/E of 18.89.
We can also see that WSM currently has a PEG ratio of 2.84. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Retail - Home Furnishings was holding an average PEG ratio of 1.49 at yesterday's closing price.
The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 176, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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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Why Williams-Sonoma (WSM) Dipped More Than Broader Market Today
Williams-Sonoma (WSM - Free Report) closed the most recent trading day at $250.38, moving -4.47% from the previous trading session. The stock fell short of the S&P 500, which registered a loss of 0.35% for the day. On the other hand, the Dow registered a loss of 0.36%, and the technology-centric Nasdaq decreased by 0.39%.
The stock of seller of cookware and home furnishings has risen by 8.09% in the past month, leading the Retail-Wholesale sector's gain of 6.05% and the S&P 500's loss of 2.42%.
The upcoming earnings release of Williams-Sonoma will be of great interest to investors. The company is expected to report EPS of $2.17, up 10.71% from the prior-year quarter. In the meantime, our current consensus estimate forecasts the revenue to be $1.98 billion, indicating a 5.32% growth compared to the corresponding quarter of the prior year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $9.5 per share and a revenue of $8.23 billion, representing changes of +7.47% and +5.48%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for Williams-Sonoma. These latest adjustments often mirror the shifting dynamics of short-term business patterns. Consequently, upward revisions in estimates express analysts' positivity towards the business operations and its ability to generate profits.
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, 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. Within the past 30 days, our consensus EPS projection has moved 0.02% lower. Currently, Williams-Sonoma is carrying a Zacks Rank of #3 (Hold).
In terms of valuation, Williams-Sonoma is currently trading at a Forward P/E ratio of 27.58. This represents a premium compared to its industry average Forward P/E of 18.89.
We can also see that WSM currently has a PEG ratio of 2.84. The PEG ratio bears resemblance to the frequently used P/E ratio, but this parameter also includes the company's expected earnings growth trajectory. The Retail - Home Furnishings was holding an average PEG ratio of 1.49 at yesterday's closing price.
The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 176, putting it in the bottom 29% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming 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.