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SQM (SQM) Stock Moves -0.14%: What You Should Know

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SQM (SQM) closed at $55.55 in the latest trading session, marking a -0.14% move from the prior day. This change was narrower than the S&P 500's 1.42% loss on the day. Elsewhere, the Dow lost 0.49%, while the tech-heavy Nasdaq lost 0.47%.

Coming into today, shares of the chemicals company had gained 0.67% in the past month. In that same time, the Basic Materials sector gained 7.56%, while the S&P 500 gained 0.39%.

Wall Street will be looking for positivity from SQM as it approaches its next earnings report date. On that day, SQM is projected to report earnings of $0.86 per share, which would represent year-over-year growth of 244%. Meanwhile, our latest consensus estimate is calling for revenue of $933.32 million, up 81.65% from the prior-year quarter.

It is also important to note the recent changes to analyst estimates for SQM. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.

The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 9.95% higher. SQM is currently a Zacks Rank #1 (Strong Buy).

Valuation is also important, so investors should note that SQM has a Forward P/E ratio of 15.73 right now. For comparison, its industry has an average Forward P/E of 8.19, which means SQM is trading at a premium to the group.

Investors should also note that SQM has a PEG ratio of 0.39 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Fertilizers was holding an average PEG ratio of 0.81 at yesterday's closing price.

The Fertilizers industry is part of the Basic Materials sector. This group has a Zacks Industry Rank of 4, putting it in the top 2% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

To follow SQM in the coming trading sessions, be sure to utilize Zacks.com.


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