B&G Meals (BGS) closed at $27.77 within the newest buy
B&G Meals (BGS) closed at $27.77 within the newest buying and selling session, marking a -0.14% transfer from the prior day. This modification lagged the S&P 500’s 0.83% acquire on the day. Elsewhere, the Dow gained 1.2%, whereas the tech-heavy Nasdaq added 0.74%.
Coming into right now, shares of the meals producer had misplaced 8.91% prior to now month. In that very same time, the Client Staples sector misplaced 2.95%, whereas the S&P 500 misplaced 4.83%.
BGS might be trying to show power because it nears its subsequent earnings launch. In that report, analysts anticipate BGS to publish earnings of $0.64 per share. This may mark year-over-year development of 18.52%. In the meantime, the Zacks Consensus Estimate for income is projecting web gross sales of $453.53 million, up 11.62% from the year-ago interval.
BGS’s full-year Zacks Consensus Estimates are calling for earnings of $2.22 per share and income of $1.93 billion. These outcomes would characterize year-over-year modifications of +35.37% and +16.17%, respectively.
It’s also essential to notice the latest modifications to analyst estimates for BGS. These revisions usually mirror the newest short-term enterprise developments, which might change ceaselessly. As such, optimistic estimate revisions mirror analyst optimism in regards to the firm’s enterprise and profitability.
Based mostly on our analysis, we imagine these estimate revisions are immediately associated to near-team inventory strikes. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate modifications under consideration and delivers a transparent, actionable score mannequin.
The Zacks Rank system ranges from #1 (Sturdy Purchase) to #5 (Sturdy Promote). It has a outstanding, outside-audited observe report of success, with #1 shares delivering a median annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant throughout the previous month. BGS is presently a Zacks Rank #3 (Maintain).
Digging into valuation, BGS presently has a Ahead P/E ratio of 12.55. Its business sports activities a median Ahead P/E of 18, so we one may conclude that BGS is buying and selling at a reduction comparatively.
The Meals – Miscellaneous business is a part of the Client Staples sector. This group has a Zacks Business Rank of 122, placing it within the prime 49% of all 250+ industries.
The Zacks Business Rank gauges the power of our particular person business teams by measuring the typical Zacks Rank of the person shares throughout the teams. Our analysis exhibits that the highest 50% rated industries outperform the underside half by an element of two to 1.
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BG Meals, Inc. (BGS): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.