BellRing Brands (BRBR) closed at $9.59 in the latest trading session, marking a +1.7% move from the prior day. The stock's performance was ahead of the S&P 500's daily gain of 0.41%. Elsewhere, the Dow saw a downswing of 0.07%, while the tech-heavy Nasdaq appreciated by 1.11%.
The stock of nutritional supplements company has risen by 5.01% in the past month, leading the Consumer Staples sector's gain of 3.59% and the S&P 500's gain of 1.46%.
Investors will be eagerly watching for the performance of BellRing Brands in its upcoming earnings disclosure. The company is expected to report EPS of $0.21, down 58.82% from the prior-year quarter. Alongside, our most recent consensus estimate is anticipating revenue of $651.03 million, indicating a 0.44% upward movement from the same quarter last year.
For the entire fiscal year, the Zacks Consensus Estimates are projecting earnings of $1.03 per share and a revenue of $2.36 billion, representing changes of -52.53% and +1.76%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for BellRing Brands. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-term stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, spanning from #1 (Strong Buy) to #5 (Strong Sell), boasts an impressive track record of outperformance, audited externally, with #1 ranked stocks yielding an average annual return of +25% since 1988. Over the last 30 days, the Zacks Consensus EPS estimate has witnessed a 1.22% decrease. BellRing Brands is currently a Zacks Rank #4 (Sell).
In terms of valuation, BellRing Brands is presently being traded at a Forward P/E ratio of 7.3. This valuation marks a discount compared to its industry average Forward P/E of 15.07.
We can also see that BRBR currently has a PEG ratio of 4.4. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. BRBR's industry had an average PEG ratio of 2.33 as of yesterday's close.
The Food - Miscellaneous industry is part of the Consumer Staples sector. This group has a Zacks Industry Rank of 203, putting it in the bottom 18% of all 250+ industries.
The Zacks Industry Rank evaluates the power of our distinct industry groups by determining the average Zacks Rank of the individual stocks forming the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
You can find more information on all of these metrics, and much more, on Zacks.com.
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BellRing Brands Inc. (BRBR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).