Sundial Growers Inc. (SNDL) closed at $ 1.35 in the last trading session, marking a + 1.5% change from the previous day. The stock was below the S&P 500 daily gain of 2.38%. Meanwhile, the Dow gained 1.95%, and the Nasdaq, a high-tech index, added 3.01%.
As of today, the company’s shares had appreciated 121.37% last month. At the same time, the Medical sector lost 4.82%, while the S&P 500 lost 0.91%.
Wall Street will seek positivity from the SNDL as the date of the next earnings report approaches. Meanwhile, Zacks’ consensus estimate for revenue is projecting net sales of $ 12.7 million, down 41.07% from the same period last year.
Any recent changes in analysts’ estimates for the SNDL should also be noted by investors. These reviews help to show the ever-changing nature of short-term business trends. With this in mind, we can consider positive revisions to estimates as a sign of optimism regarding the company’s business prospects.
The research indicates that these estimate revisions are directly correlated with the short-term stock price momentum. Investors can profit from this using Zacks Rank. This model considers these changes in estimation and provides a simple and practical classification system.
The Zacks rating system ranges from # 1 (strong buy) to # 5 (strong sell). It has a remarkable track record of success, with external auditing, with shares # 1 delivering an average annual return of + 25% since 1988. The Consensus Zacks EPS estimate rose 500% last month. SNDL is holding a Zacks Rank of # 3 (Hold) now.
The valuation is also important, so investors should note that the SNDL has a future P / E ratio of 33.25 at the moment. This rating represents a premium compared to the industry’s P / E Forward average of 16.29.
The medical medication industry is part of the medical sector. This group has a Zacks industry rating of 191, placing it among the worst 26% of all over 250 industries.
The Zacks Industry Rank includes is listed in the order of the best to the worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% of the sectors outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these inventory movement metrics and more at Zacks.com.
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