Factors Likely to Have Influenced Earnings Results Sprouts Farmers Market (NASDAQ:SFM)

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Earnings results for Sprouts Farmers Market (NASDAQ:SFM)

Sprouts Farmers Market, Inc. is expected* to report earnings on 10/28/2020 after market close. The report will be for the fiscal Quarter ending Sep 2020. According to Zacks Investment Research, based on 6 analysts’ forecasts, the consensus EPS forecast for the quarter is $0.35. The reported EPS for the same quarter last year was $0.22.

Sprouts Farmers Market last announced its quarterly earnings data on July 29th, 2020. The reported $0.57 earnings per share for the quarter, topping the consensus estimate of $0.40 by $0.17. The business had revenue of $1.64 billion for the quarter, compared to analysts’ expectations of $1.60 billion. Its revenue for the quarter was up 16.0% on a year-over-year basis. Sprouts Farmers Market has generated $1.25 earnings per share over the last year and currently has a price-to-earnings ratio of 11.1. Sprouts Farmers Market has confirmed that its next quarterly earnings report will be published on Wednesday, October 28th, 2020.

Analyst Opinion on Sprouts Farmers Market (NASDAQ:SFM)

15 Wall Street analysts have issued ratings and price targets for Sprouts Farmers Market in the last 12 months. Their average twelve-month price target is $25.93, predicting that the stock has a possible upside of 27.10%. The high price target for SFM is $39.00 and the low price target for SFM is $18.00. There are currently 3 sell ratings, 8 hold ratings and 4 buy ratings for the stock, resulting in a consensus rating of “Hold.”

Sprouts Farmers Market has received a consensus rating of Hold. The company’s average rating score is 2.07, and is based on 4 buy ratings, 8 hold ratings, and 3 sell ratings. According to analysts’ consensus price target of $25.93, Sprouts Farmers Market has a forecasted upside of 27.1% from its current price of $20.40. Sprouts Farmers Market has only been the subject of 3 research reports in the past 90 days.

Dividend Strength: Sprouts Farmers Market (NASDAQ:SFM)

Sprouts Farmers Market does not currently pay a dividend. Sprouts Farmers Market does not have a long track record of dividend growth.

Insiders buying/selling: Sprouts Farmers Market (NASDAQ:SFM)

In the past three months, Sprouts Farmers Market insiders have bought more of their company’s stock than they have sold. Specifically, they have bought $119,750.00 in company stock and sold $0.00 in company stock. Only 0.29% of the stock of Sprouts Farmers Market is held by insiders. 96.18% of the stock of Sprouts Farmers Market is held by institutions. High institutional ownership can be a signal of strong market trust in this company.

Earnings and Valuation of Sprouts Farmers Market (NASDAQ:SFM

Earnings for Sprouts Farmers Market are expected to decrease by -20.75% in the coming year, from $2.12 to $1.68 per share. The P/E ratio of Sprouts Farmers Market is 11.09, which means that it is trading at a less expensive P/E ratio than the market average P/E ratio of about 19.18. The P/E ratio of Sprouts Farmers Market is 11.09, which means that it is trading at a less expensive P/E ratio than the Retail/Wholesale sector average P/E ratio of about 37.72. Sprouts Farmers Market has a PEG Ratio of 1.09. PEG Ratios above 1 indicate that a company could be overvalued. Sprouts Farmers Market has a P/B Ratio of 4.14. P/B Ratios above 3 indicate that a company could be overvalued with respect to its assets and liabilities.

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