Wall Street analysts expect Sprouts Farmers (SFM) to post quarterly earnings of $1.35 per share in its upcoming report, which indicates no change from the year-ago quarter. Revenues are expected to be $2.33 billion, up 4.9% from the year-ago quarter.
Over the past 30 days, the consensus EPS estimate for the quarter has been adjusted downward by 1.8% to its current level. This demonstrates the covering analysts' collective reassessment of their initial projections during this period.
Ahead of a company's earnings disclosure, it is crucial to give due consideration to changes in earnings estimates. These revisions serve as a noteworthy factor in predicting potential investor reactions to the stock. Numerous empirical studies consistently demonstrate a strong relationship between trends in earnings estimate revision and the short-term price performance of a stock.
While investors typically use consensus earnings and revenue estimates as indicators of quarterly business performance, exploring analysts' projections for specific key metrics can offer valuable insights.
In light of this perspective, let's dive into the average estimates of certain Sprouts Farmers metrics that are commonly tracked and forecasted by Wall Street analysts.
According to the collective judgment of analysts, 'Comparable store sales growth' should come in at -0.8%. Compared to the current estimate, the company reported 10.2% in the same quarter of the previous year.
Analysts expect 'Stores at end of period' to come in at 492 . The estimate is in contrast to the year-ago figure of 455 .
The average prediction of analysts places 'New Stores Opened' at 8 . The estimate is in contrast to the year-ago figure of 12 .
The combined assessment of analysts suggests that 'Stores at beginning of period' will likely reach 483 . The estimate is in contrast to the year-ago figure of 443 .
Shares of Sprouts Farmers have experienced a change of -10.4% in the past month compared to the +0.6% move of the Zacks S&P 500 composite. With a Zacks Rank #3 (Hold), SFM is expected to mirror the overall market performance in the near future. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> .
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