The most recent trading session ended with SM Energy (SM) standing at $30.25, reflecting a -1.75% shift from the previouse trading day's closing. The stock's change was less than the S&P 500's daily loss of 0.33%. Elsewhere, the Dow lost 0.37%, while the tech-heavy Nasdaq lost 0.53%.
The the stock of independent oil and gas company has fallen by 4.88% in the past month, lagging the Oils-Energy sector's gain of 3.64% and the S&P 500's loss of 4.03%.
Analysts and investors alike will be keeping a close eye on the performance of SM Energy in its upcoming earnings disclosure. On that day, SM Energy is projected to report earnings of $1.67 per share, which would represent year-over-year growth of 18.44%. Meanwhile, our latest consensus estimate is calling for revenue of $836.26 million, up 49.37% from the prior-year quarter.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $7.11 per share and a revenue of $3.47 billion, signifying shifts of +4.56% and +29.04%, respectively, from the last year.
Investors should also pay attention to any latest changes in analyst estimates for SM Energy. These recent revisions tend to reflect the evolving nature of short-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. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, there's been a 6.43% fall in the Zacks Consensus EPS estimate. SM Energy presently features a Zacks Rank of #4 (Sell).
Looking at its valuation, SM Energy is holding a Forward P/E ratio of 4.33. This indicates a discount in contrast to its industry's Forward P/E of 8.51.
The Oil and Gas - Exploration and Production - United States industry is part of the Oils-Energy sector. With its current Zacks Industry Rank of 127, this industry ranks in the top 50% of all industries, numbering over 250.
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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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SM Energy Company (SM): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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