B&G Meals (BGS) closed at $29.58 within the newest buying and selling session, marking a -0.14%
B&G Meals (BGS) closed at $29.58 within the newest buying and selling session, marking a -0.14% transfer from the prior day. This alteration lagged the S&P 500’s every day acquire of 0.03%. Elsewhere, the Dow misplaced 0.04%, whereas the tech-heavy Nasdaq added 0.55%.
Previous to as we speak’s buying and selling, shares of the meals producer had misplaced 4.14% over the previous month. This has lagged the Shopper Staples sector’s lack of 2.53% and the S&P 500’s acquire of three.99% in that point.
BGS will probably be trying to show energy because it nears its subsequent earnings launch. The corporate is anticipated to report EPS of $0.44, up 57.14% from the prior-year quarter. Our most up-to-date consensus estimate is looking for quarterly income of $525.63 million, up 11.8% from the year-ago interval.
Traders may additionally discover latest modifications to analyst estimates for BGS. These revisions sometimes mirror the newest short-term enterprise traits, which may change regularly. With this in thoughts, we are able to think about optimistic estimate revisions an indication of optimism concerning the firm’s enterprise outlook.
Our analysis reveals that these estimate modifications are instantly correlated with near-term inventory costs. 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 exceptional, outside-audited observe report of success, with #1 shares delivering a median annual return of +25% since 1988. Over the previous month, the Zacks Consensus EPS estimate remained stagnant. BGS is holding a Zacks Rank of #1 (Sturdy Purchase) proper now.
Digging into valuation, BGS at present has a Ahead P/E ratio of 12.29. For comparability, its business has a median Ahead P/E of 20.16, which implies BGS is buying and selling at a reduction to the group.
The Meals – Miscellaneous business is a part of the Shopper Staples sector. This business at present has a Zacks Trade Rank of 192, which places it within the backside 25% of all 250+ industries.
The Zacks Trade Rank gauges the energy of our business teams by measuring the typical Zacks Rank of the person shares inside the teams. Our analysis reveals that the highest 50% rated industries outperform the underside half by an element of two to 1.
You will discover extra info on all of those metrics, and rather more, on Zacks.com.
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B&G Meals, Inc. (BGS): Free Inventory Evaluation Report
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