BellRing Brands (BRBR) ended the recent trading session at $11.55, demonstrating a +1.4% change from the preceding day's closing price. The stock exceeded the S&P 500, which registered a loss of 0.05% for the day. Elsewhere, the Dow saw a downswing of 0.09%, while the tech-heavy Nasdaq depreciated by 0.24%.
The stock of nutritional supplements company has risen by 31.52% in the past month, leading the Consumer Staples sector's loss of 0.16% and the S&P 500's loss of 1.42%.
The investment community will be closely monitoring the performance of BellRing Brands in its forthcoming earnings report. On that day, BellRing Brands is projected to report earnings of $0.36 per share, which would represent a year-over-year decline of 34.55%. Alongside, our most recent consensus estimate is anticipating revenue of $551.27 million, indicating a 0.69% upward movement from the same quarter last year.
For the annual period, the Zacks Consensus Estimates anticipate earnings of $1.23 per share and a revenue of $2.33 billion, signifying shifts of -43.32% and +0.71%, respectively, from the last year.
Investors should also take note of any recent adjustments to analyst estimates for BellRing Brands. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, upbeat changes in estimates indicate analysts' favorable outlook on the business health and profitability.
Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate remained stagnant within the past month. BellRing Brands is currently sporting a Zacks Rank of #5 (Strong Sell).
Looking at valuation, BellRing Brands is presently trading at a Forward P/E ratio of 9.28. This denotes a discount relative to the industry average Forward P/E of 14.46.
One should further note that BRBR currently holds a PEG ratio of 5.59. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The Food - Miscellaneous was holding an average PEG ratio of 2.39 at yesterday's closing price.
The Food - Miscellaneous industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 193, positioning it in the bottom 21% 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.
Ensure to harness Zacks.com to stay updated with all these stock-shifting metrics, among others, in the next trading sessions.
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BellRing Brands Inc. (BRBR): Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).