This means that over the past quarter there has been an increase of insiders selling their shares of STKL in relation to earlier this year. Fuhrman covers the Consumer Cyclical sector, focusing on tenkofx forex broker review stocks such as The Lovesac Company, Lindblad Expeditions Holdings, and Flowers. According to TipRanks, Fuhrman has an average return of -15.5% and a 24.56% success rate on recommended stocks.
- Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations.
- The monthly returns are then compounded to arrive at the annual return.
- Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.
- It generates maximum revenue from the Plant-Based Foods and Beverages segment.
The scores are based on the trading styles of Value, Growth, and Momentum. There’s also a VGM Score (‘V’ for Value, ‘G’ for Growth and ‘M’ for Momentum), which combines the weighted average of the individual style scores into one score. Below are the latest news stories about SUNOPTA INC that investors may wish to consider to help them evaluate STKL as an investment opportunity. We’d like to share more about how we work and what drives our day-to-day business.
This move will help reduce our net leverage from the previous quarter’s 3.7 times to 3.2 times when we consider the seller notes being collected. SunOpta has also released its initial projections for the third quarter. The estimated total open systems technologies microsoft azure cloud engineer smartrecruiters revenue from ongoing operations is expected to reach around $152 million, with anticipated adjusted EBITDA ranging from $18.5 million to $19 million. While this divestiture brings in cash, it might result in short-term sales reduction.
SunOpta Inc. Schedules First Quarter 2023 Financial Results Release and Conference Call
Real Good Food Company, Inc.’s revenues are expected to be $33.88 million, up 10% from the year-ago quarter. SunOpta shares have lost about 28.4% since the beginning of the year versus the S&P 500’s gain of 17.2%. The sale transaction, which includes facilities in Edwardsville, Kansas, and Mexico and a significant quantity of inventory, closed yesterday. Upgrade to MarketBeat All Access to add more stocks to your watchlist. Click the link below and we’ll send you MarketBeat’s list of seven stocks and why their long-term outlooks are very promising. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
According to 4 analysts, the average rating for STKL stock is “Strong Buy.” The 12-month stock price forecast is $9.25, which is an increase of 160.56% from the latest price. For more insight on analysts targets of STKL, see our STKL price target page. And for a list of of all stocks sorted by upside potential based on analyst target price, see our Top Price Target page. Despite being in a promising growth industry, the company has faced challenges.
- Additionally, divestitures like the one in question can have unintended consequences.
- SunOpta’s Q3 earnings are confirmed for Wednesday, November 8, 2023.
- Despite being in a promising growth industry, the company has faced challenges.
- The sustainability of the stock’s immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management’s commentary on the earnings call.
- Zacks Earnings ESP (Expected Surprise Prediction) looks to find companies that have recently seen positive earnings estimate revision activity.
The company disclosed selling certain frozen fruit assets to Nature’s Touch for $141 million. To see all exchange delays and terms of use, please see disclaimer. Data are provided ‘as is’ for informational purposes only and are not intended for trading purposes. Data may be intentionally delayed pursuant to supplier requirements. For FY 2023, the company maintained its outlook as communicated on the second quarter earnings call, adjusting for the sale of the frozen assets. The company’s prior outlook was for revenue of $880 million-$900 million and adjusted EBITDA at $87 million-$91 million.
Overall MarketRank™
See which 3 stocks are most likely to make moves following their insider activities. The Zacks Industry Rank assigns a rating to each of the 265 X (Expanded) Industries based on their average Zacks Rank. As an investor, you want to buy stocks with the highest probability of success. That means you want to buy stocks with a Zacks Rank #1 or #2, Strong Buy or Buy, which also has a Score of an A or a B in your personal trading style. The Style Scores are a complementary set of indicators to use alongside the Zacks Rank. It allows the user to better focus on the stocks that are the best fit for his or her personal trading style.
SunOpta Inc. Schedules Third Quarter 2022 Financial Results Release and Conference Call
The company’s operating segment includes Plant-Based Foods and Beverages and Fruit-Based Foods and Beverages. It generates maximum revenue from the Plant-Based Foods and Beverages segment. Plant-Based Foods and Beverages include plant-based beverages and liquid and dry ingredients (utilizing almond, soy) as well as broths, teas, and nutritional beverages. Geographically, it derives a majority of revenue from the United States. At the center of everything we do is a strong commitment to independent research and sharing its profitable discoveries with investors. This dedication to giving investors a trading advantage led to the creation of our proven Zacks Rank stock-rating system.
The industry with the best average Zacks Rank would be considered the top industry (1 out of 265), which would place it in the top 1% of Zacks Ranked Industries. The industry with the worst average Zacks Rank (265 out of 265) would place in the bottom 1%. An industry with a larger percentage of Zacks Rank #1’s and #2’s will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4’s and #5’s.
The monthly returns are then compounded to arrive at the annual return. Only Zacks Rank stocks included in Zacks hypothetical portfolios at the beginning of each month are included in the return calculations. Zacks Ranks stocks can, and often do, change throughout the month.
STKL
More value-oriented stocks tend to represent financial services, utilities, and energy stocks. Dividend yield allows investors, particularly those interested in dividend-paying stocks,
to compare the relationship between a stock’s price and how it rewards stockholders through dividends. The formula for calculating dividend yield is to divide the annual dividend paid per share by the stock price. I recommend a wait-and-see hold position as we get a better idea of the impact of the recent developments.
Certain Zacks Rank stocks for which no month-end price was available, pricing information was not collected, or for certain other reasons have been excluded from these return calculations. SunOpta recently sold its frozen fruit business, which is a significant move towards its strategic realignment to high-growth industries, better profitability, and a stronger financial position. This change is promising, but it’s crucial to proceed with caution to see how SunOpta will use the proceeds from the transaction and navigate the competitive market.
Unique to Barchart.com, Opinions analyzes a stock or commodity using 13 popular analytics in short-, medium- and long-term periods. Results are interpreted as buy, sell or hold signals, each with numeric ratings and summarized with an overall percentage buy or sell rating. After each calculation the program assigns a Buy, Sell, a guide to forex day trading strategies or Hold value with the study, depending on where the price lies in reference to the common interpretation of the study. For example, a price above its moving average is generally considered an upward trend or a buy. Although the company is concentrating on promising sectors, it still operates within a competitive landscape.
The consensus EPS estimate for the quarter has remained unchanged over the last 30 days. A quarter ago, it was expected that this natural and organic food company would post a loss of $0.02 per share when it actually produced earnings of $0.05, delivering a surprise of 350%. SunOpta updated its third quarter 2023 earnings guidance on Friday, October, 13th.
SunOpta (STKL) has been one of the stocks most watched by Zacks.com users lately. The table below shows STKL’s growth in key financial areas (numbers in millions of US dollars). When compared to its market peers, it becomes evident that SunOpta’s gross profit margin lags behind its competitors. Heather Brilliant, Diamond Hill Capital Management president and CEO, joins CNBC’s ‘Squawk Box’ ahead of the open on Tuesday to break down potential investment opportunities.
