Sundial Growers Inc. (SNDL) closed at $ 1 in the most recent trading session, a move of -1.96% from the previous day. This change caused the S&P 500 profit to decline by 0.15% on the day.
As of today, the company’s shares have lost 9.32% in the past month, reversing the loss of the Medical sector by 1.46% and the S&P 500’s gain of 6.19% in that time.
SNDL will want to show strength as it releases its next earnings. The Zacks revenue consensus estimate, meanwhile, predicts net sales of $ 14 million, down 39.24% from the previous year.
Looking at the full year, our Zacks consensus estimates suggest that analysts expect earnings of $ 0.03 per share and revenue of $ 60 million. These totals will indicate the changes of + 111.54% and + 3.64% respectively compared to last year.
It is also important to note the recent changes to the analysis estimates for SNDL. These reviews usually reflect the latest short-term business trends, which may change frequently. As a result, we can interpret positive estimate changes as a good sign for the company’s prospects.
Based on our research, we believe that the estimation of the review is directly related to the movements of the close team. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these estimates into account and provides a workable rating system.
The Zacks Rank system, which ranges from # 1 (Strong Buy) to # 5 (Strong Sell), has an impressive off-track record of better performance, with # 1 stocks averaging + 25% annual returns since 1988 achieved. The Zacks consensus estimate came to a standstill last month. SNDL currently holds a Zacks rank of # 3 (Hold).
In terms of valuation, SNDL is currently trading at a forward P / E ratio of 35.67. The industry has an average forecast of 14.19, so we can conclude that SNDL is trading at a premium.
The medical – drug industry is part of the medical sector. This group has a Zacks industry rank of 177, which has the largest 31% of all 250+ industries.
The Zacks industry rankings are listed in order from best to worst in terms of the average Zacks rank of the individual companies within each of these sectors. Our research shows that the top 50% of industries are better than the bottom half by a factor of 2 to 1.
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Sundial Growers Inc. (SNDL): Free Inventory Analysis Report
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