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Lifeway Foods (LWAY) Stock Moves -1.72%: What You Should Know
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Lifeway Foods (LWAY - Free Report) closed at $10.86 in the latest trading session, marking a -1.72% move from the prior day. This move was narrower than the S&P 500's daily loss of 3%. On the other hand, the Dow registered a loss of 2.6%, and the technology-centric Nasdaq decreased by 3.43%.
Shares of the dairy and cheese company witnessed a loss of 10.24% over the previous month, trailing the performance of the Consumer Staples sector with its gain of 6.31% and the S&P 500's loss of 2.92%.
The upcoming earnings release of Lifeway Foods will be of great interest to investors. The company's upcoming EPS is projected at $0.17, signifying a 19.05% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $46.5 million, showing a 18.53% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.80 per share and a revenue of $189.63 million, indicating changes of +6.67% and +18.43%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Lifeway Foods. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Lifeway Foods holds a Zacks Rank of #3 (Hold).
Looking at valuation, Lifeway Foods is presently trading at a Forward P/E ratio of 13.81. This indicates a premium in contrast to its industry's Forward P/E of 10.86.
The Food - Dairy Products industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 42, positioning it in the top 17% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.
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Lifeway Foods (LWAY) Stock Moves -1.72%: What You Should Know
Lifeway Foods (LWAY - Free Report) closed at $10.86 in the latest trading session, marking a -1.72% move from the prior day. This move was narrower than the S&P 500's daily loss of 3%. On the other hand, the Dow registered a loss of 2.6%, and the technology-centric Nasdaq decreased by 3.43%.
Shares of the dairy and cheese company witnessed a loss of 10.24% over the previous month, trailing the performance of the Consumer Staples sector with its gain of 6.31% and the S&P 500's loss of 2.92%.
The upcoming earnings release of Lifeway Foods will be of great interest to investors. The company's upcoming EPS is projected at $0.17, signifying a 19.05% drop compared to the same quarter of the previous year. Simultaneously, our latest consensus estimate expects the revenue to be $46.5 million, showing a 18.53% escalation compared to the year-ago quarter.
In terms of the entire fiscal year, the Zacks Consensus Estimates predict earnings of $0.80 per share and a revenue of $189.63 million, indicating changes of +6.67% and +18.43%, respectively, from the former year.
Investors should also pay attention to any latest changes in analyst estimates for Lifeway Foods. These revisions help to show the ever-changing nature of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.
Empirical research indicates that these revisions in estimates have a direct correlation with impending stock price performance. 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 ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. As of now, Lifeway Foods holds a Zacks Rank of #3 (Hold).
Looking at valuation, Lifeway Foods is presently trading at a Forward P/E ratio of 13.81. This indicates a premium in contrast to its industry's Forward P/E of 10.86.
The Food - Dairy Products industry is part of the Consumer Staples sector. Currently, this industry holds a Zacks Industry Rank of 42, positioning it in the top 17% of all 250+ industries.
The strength of our individual industry groups is measured by the Zacks Industry Rank, which is calculated based on the average Zacks Rank of the individual stocks within these groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Don't forget to use Zacks.com to keep track of all these stock-moving metrics, and others, in the upcoming trading sessions.