In the latest market close, CF Industries (CF) reached $76.84, with a +1.76% movement compared to the previous day. This move topped the S&P 500’s daily gain of 1.25%. Elsewhere, the Dow saw an increase of 0.97%, while the tech-heavy Nasdaq appreciated by 1.3%.
Coming in today, shares of the fertilizer company have lost 8.69% in the past month. In that same time, the Basic Materials sector lost 7.18%, while the S&P 500 gained 1.58%.
Analysts and investors alike will be watching CF Industries’ performance in its upcoming earnings release. The company’s earnings report is published on February 14, 2024. The company’s upcoming EPS is projected at $1.56, representing a 64.14% drop compared to the same quarter last year. Meanwhile, the Zacks Consensus Estimate for earnings forecasts net sales of $1.49 billion, down 42.99% from the year-ago period.
Investors should also note any recent changes to analyst ratings for CF Industries. These audits help show the ever-changing nature of near-term business trends. Therefore, upward revisions in ratings express analysts’ positivity toward the company’s business operations and its ability to generate profits.
Our research reveals that these valuation changes are directly linked with the stock price performance in the near future. To take advantage of this, we developed the Zacks Rank, a proprietary model that takes these rating changes into account and provides a reasonable rating system.
The Zacks Rank system, running from #1 (Strong Buy) to #5 (Strong Sell), holds an admirable record of outperformance, independently reviewed, with #1 stocks contributing an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.8% higher. Currently, CF Industries carries a Zacks Rank of #3 (Hold).
Investors should also note CF Industries’ current valuation metrics, including its Forward P/E ratio of 11.65. For comparison, its industry has an average Forward P/E of 9.64, which means CF Industries trades at a premium to the group.
It is also worth noting that CF currently has a PEG ratio of 1.94. This popular metric is similar to the widely known P/E ratio, with the difference that the PEG ratio also takes into account the company’s expected earnings growth. By the end of yesterday’s trading, the Fertilizers industry had an average PEG ratio of 1.38.
The Fertilizer industry is part of the Basic Materials sector. With its current Zacks Industry Rank of 198, this industry ranks in the bottom 22% of all industries, numbering over 250.
The Zacks Industry Rank assesses the vitality of our specific industry groups by computing the average Zacks Rank of the individual stocks included in the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CF in the upcoming trading sessions, be sure to use Zacks.com.
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CF Industries Holdings, Inc. (CF): Free Analysis Report
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