BellRing Brands (BRBR) closed at $29.96 in the latest trading session, marking a -3.14% move from the prior day. The stock's performance was behind the S&P 500's daily loss of 1.16%. On the other hand, the Dow registered a loss of 0.47%, and the technology-centric Nasdaq decreased by 1.81%.
The stock of nutritional supplements company has risen by 17.78% in the past month, leading the Consumer Staples sector's gain of 1.27% and the S&P 500's gain of 1.03%.
Analysts and investors alike will be keeping a close eye on the performance of BellRing Brands in its upcoming earnings disclosure. The company is forecasted to report an EPS of $0.32, showcasing a 44.83% downward movement from the corresponding quarter of the prior year. At the same time, our most recent consensus estimate is projecting a revenue of $516.28 million, reflecting a 3.12% fall from the equivalent quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.99 per share and a revenue of $2.42 billion, representing changes of -8.29% and +4.59%, respectively, from the prior year.
Additionally, investors should keep an eye on any recent revisions to analyst forecasts for BellRing Brands. Recent revisions tend to reflect the latest near-term business trends. As such, positive estimate revisions reflect analyst optimism about the business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable 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 11.41% lower. BellRing Brands currently has a Zacks Rank of #5 (Strong Sell).
In terms of valuation, BellRing Brands is presently being traded at a Forward P/E ratio of 15.57. This valuation marks a premium compared to its industry average Forward P/E of 15.28.
It is also worth noting that BRBR currently has a PEG ratio of 4.14. 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. The Food - Miscellaneous industry had an average PEG ratio of 1.96 as trading concluded yesterday.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 197, putting it in the bottom 21% 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.
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BellRing Brands Inc. (BRBR): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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