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Huntsman (HUN) Stock Moves -1.43%: What You Should Know
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Huntsman (HUN - Free Report) closed at $20.68 in the latest trading session, marking a -1.43% move from the prior day. This change was narrower than the S&P 500's 1.66% loss on the day. Elsewhere, the Dow lost 1.56%, while the tech-heavy Nasdaq lost 3.03%.
Coming into today, shares of the chemical company had lost 7.04% in the past month. In that same time, the Basic Materials sector lost 2.11%, while the S&P 500 lost 2.43%.
HUN will be looking to display strength as it nears its next earnings release, which is expected to be February 22, 2019. The company is expected to report EPS of $0.61, down 19.74% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.24 billion, up 1.49% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.42 per share and revenue of $9.32 billion. These totals would mark changes of +37.9% and -1.44%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for HUN. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 has moved 2.56% lower. HUN is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, HUN is currently trading at a Forward P/E ratio of 6.13. For comparison, its industry has an average Forward P/E of 12.41, which means HUN is trading at a discount to the group.
Also, we should mention that HUN has a PEG ratio of 0.72. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Chemical - Diversified stocks are, on average, holding a PEG ratio of 1.12 based on yesterday's closing prices.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 205, putting it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank includes is 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% 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.
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Huntsman (HUN) Stock Moves -1.43%: What You Should Know
Huntsman (HUN - Free Report) closed at $20.68 in the latest trading session, marking a -1.43% move from the prior day. This change was narrower than the S&P 500's 1.66% loss on the day. Elsewhere, the Dow lost 1.56%, while the tech-heavy Nasdaq lost 3.03%.
Coming into today, shares of the chemical company had lost 7.04% in the past month. In that same time, the Basic Materials sector lost 2.11%, while the S&P 500 lost 2.43%.
HUN will be looking to display strength as it nears its next earnings release, which is expected to be February 22, 2019. The company is expected to report EPS of $0.61, down 19.74% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.24 billion, up 1.49% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $3.42 per share and revenue of $9.32 billion. These totals would mark changes of +37.9% and -1.44%, respectively, from last year.
Investors should also note any recent changes to analyst estimates for HUN. These revisions typically reflect the latest short-term business trends, which can change frequently. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 has moved 2.56% lower. HUN is holding a Zacks Rank of #3 (Hold) right now.
In terms of valuation, HUN is currently trading at a Forward P/E ratio of 6.13. For comparison, its industry has an average Forward P/E of 12.41, which means HUN is trading at a discount to the group.
Also, we should mention that HUN has a PEG ratio of 0.72. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. Chemical - Diversified stocks are, on average, holding a PEG ratio of 1.12 based on yesterday's closing prices.
The Chemical - Diversified industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 205, putting it in the bottom 20% of all 250+ industries.
The Zacks Industry Rank includes is 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% 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.