It has been a few month because the final earnings report for Solar Life (SLF). Shares have misplaced about 1.8% in that time-frame, outperforming the S&P 500.
Will the latest detrimental development proceed main as much as its subsequent earnings launch, or is Solar Life due for a breakout? Earlier than we dive into how traders and analysts have reacted as of late, let’s take a fast have a look at its most up-to-date earnings report with a purpose to get a greater deal with on the necessary catalysts.
How Have Estimates Been Transferring Since Then?
It seems, estimates evaluation have trended downward throughout the previous month.
The consensus estimate has shifted -5.04% as a consequence of these modifications.
VGM Scores
Presently, Solar Life has a median Development Rating of C, although it’s lagging so much on the Momentum Rating entrance with an F. Nevertheless, the inventory was allotted a grade of B on the worth facet, placing it within the prime 40% for this funding technique.
General, the inventory has an mixture VGM Rating of C. In the event you aren’t targeted on one technique, this rating is the one you need to be fascinated with.
Outlook
Estimates have been broadly trending downward for the inventory, and the magnitude of those revisions signifies a downward shift. Notably, Solar Life has a Zacks Rank #3 (Maintain). We anticipate an in-line return from the inventory within the subsequent few months.
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Sun Life Financial Inc. (SLF) : 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 writer and don’t essentially replicate these of Nasdaq, Inc.
