A month has passed by because the final earnings report for Sempra (SRE). Shares have misplaced about 2.9% in that time-frame, outperforming the S&P 500.
Will the latest adverse pattern proceed main as much as its subsequent earnings launch, or is Sempra due for a breakout? Earlier than we dive into how buyers and analysts have reacted as of late, let’s take a fast take a look at the latest earnings report so as to get a greater deal with on the essential catalysts.
How Have Estimates Been Shifting Since Then?
It seems, estimates revision have trended downward in the course of the previous month.
The consensus estimate has shifted -15.21% as a result of these modifications.
VGM Scores
At the moment, Sempra has a median Progress Rating of C, although it’s lagging lots on the Momentum Rating entrance with an F. Charting a considerably related path, the inventory was allotted a grade of D on the worth facet, placing it within the backside 40% for this funding technique.
Total, the inventory has an mixture VGM Rating of D. For those who aren’t centered on one technique, this rating is the one you ought to be keen on.
Outlook
Estimates have been broadly trending downward for the inventory, and the magnitude of this revision signifies a downward shift. It is no shock Sempra has a Zacks Rank #4 (Promote). We count on a beneath common return from the inventory within the subsequent few months.
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Sempra Energy (SRE) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the creator and don’t essentially mirror these of Nasdaq, Inc.
