Swedish Match AB Unsponsored ADR (SWMAY) got here out with quarterly earnings of $0.58 per share, beating the Zacks Consensus Estimate of $0.47 per share. This compares to earnings of $0.37 per share a yr in the past. These figures are adjusted for non-recurring objects.
This quarterly report represents an earnings shock of 23.40%. 1 / 4 in the past, it was anticipated that this firm would put up earnings of $0.44 per share when it really produced earnings of $0.45, delivering a shock of two.27%.
Over the past 4 quarters, the corporate has surpassed consensus EPS estimates 4 occasions.
Swedish Match AB Unsponsored ADR, which belongs to the Zacks Shopper Merchandise – Discretionary trade, posted revenues of $530.84 million for the quarter ended March 2021, surpassing the Zacks Consensus Estimate by 10.56%. This compares to year-ago revenues of $416.96 million. The corporate has topped consensus income estimates 4 occasions during the last 4 quarters.
The sustainability of the inventory’s rapid value motion primarily based on the recently-released numbers and future earnings expectations will principally depend upon administration’s commentary on the earnings name.
Swedish Match AB Unsponsored ADR shares have added about 6.7% because the starting of the yr versus the S&P 500’s acquire of 12.1%.
What’s Subsequent for Swedish Match AB Unsponsored ADR?
Whereas Swedish Match AB Unsponsored ADR has underperformed the market to this point this yr, the query that involves traders’ minds is: what’s subsequent for the inventory?
There are not any straightforward solutions to this key query, however one dependable measure that may assist traders tackle that is the corporate’s earnings outlook. Not solely does this embrace present consensus earnings expectations for the approaching quarter(s), but additionally how these expectations have modified these days.
Empirical analysis exhibits a powerful correlation between near-term inventory actions and tendencies in earnings estimate revisions. Traders can monitor such revisions by themselves or depend on a tried-and-tested ranking device just like the Zacks Rank, which has a formidable monitor document of harnessing the ability of earnings estimate revisions.
Forward of this earnings launch, the estimate revisions pattern for Swedish Match AB Unsponsored ADR was favorable. Whereas the magnitude and course of estimate revisions may change following the corporate’s just-released earnings report, the present standing interprets right into a Zacks Rank #2 (Purchase) for the inventory. So, the shares are anticipated to outperform the market within the close to future. You’ll be able to see the entire checklist of as we speak’s Zacks #1 Rank (Sturdy Purchase) shares right here.
It is going to be fascinating to see how estimates for the approaching quarters and present fiscal yr change within the days forward. The present consensus EPS estimate is $0.50 on $491.28 million in revenues for the approaching quarter and $2 on $2.01 billion in revenues for the present fiscal yr.
Traders ought to be aware of the truth that the outlook for the trade can have a fabric affect on the efficiency of the inventory as properly. When it comes to the Zacks Business Rank, Shopper Merchandise – Discretionary is at the moment within the prime 23% of the 250 plus Zacks industries. Our analysis exhibits that the highest 50% of the Zacks-ranked industries outperform the underside 50% by an element of greater than 2 to 1.
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Swedish Match AB Unsponsored ADR (SWMAY): Free Inventory Evaluation Report
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The views and opinions expressed herein are the views and opinions of the creator and don’t essentially replicate these of Nasdaq, Inc.