Sundial Growers Inc. (SNDL) Gains As Market Dips: What You Should Know
In the latest trading session, Sundial Growers Inc. (SNDL) closed at $0.73, marking a +0.85% move from the previous day.
In the latest trading session, Sundial Growers Inc. (SNDL) closed at $0.73, marking a +0.85% move from the previous day. The stock outpaced the S&P 500's daily loss of 0.91%.
Coming into today, shares of the company had gained 2.76% in the past month. In that same time, the Medical sector lost 0.52%, while the S&P 500 gained 0.01%.
Wall Street will be looking for positivity from SNDL as it approaches its next earnings report date. Our most recent consensus estimate is calling for quarterly revenue of $15.28 million, up 58.18% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.08 per share and revenue of $48 million, which would represent changes of +69.23% and -7.75%, respectively, from the prior year.
Any recent changes to analyst estimates for SNDL should also be noted by investors. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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. SNDL is holding a Zacks Rank of #4 (Sell) right now.
The Medical - Drugs industry is part of the Medical sector. This group has a Zacks Industry Rank of 197, putting it in the bottom 23% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
Bitcoin, Like the Internet Itself, Could Change Everything
Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities.
Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly.See 3 Crypto-Related Stocks Now >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Sundial Growers Inc. (SNDL): Free Stock Analysis Report
To read this article on Zacks.com click here.