Shaw Communications (SJR - Free Report) closed the most recent trading day at $20.20, moving -0.05% from the previous trading session. This change was narrower than the S&P 500's daily loss of 0.3%. At the same time, the Dow lost 0.54%, and the tech-heavy Nasdaq lost 0.41%.
Heading into today, shares of the communications and media company had lost 0.64% over the past month, lagging the Consumer Discretionary sector's gain of 1.91% and the S&P 500's loss of 0.43% in that time.
Wall Street will be looking for positivity from SJR as it approaches its next earnings report date. The company is expected to report EPS of $0.26, down 18.75% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $1.03 billion, up 1.36% from the year-ago period.
SJR's full-year Zacks Consensus Estimates are calling for earnings of $1 per share and revenue of $4.07 billion. These results would represent year-over-year changes of -15.25% and -1%, respectively.
Investors might also notice recent changes to analyst estimates for SJR. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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. Within the past 30 days, our consensus EPS projection has moved 3.11% lower. SJR currently has a Zacks Rank of #4 (Sell).
Looking at its valuation, SJR is holding a Forward P/E ratio of 20.29. This represents a discount compared to its industry's average Forward P/E of 31.85.
Also, we should mention that SJR has a PEG ratio of 4.06. 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. Cable Television stocks are, on average, holding a PEG ratio of 2.09 based on yesterday's closing prices.
The Cable Television industry is part of the Consumer Discretionary sector. This industry currently has a Zacks Industry Rank of 42, which puts it in the top 17% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.