SM Energy (SM) Increases Despite Market Slip: Here's What You Need to Know

Company Performance - SM Energy (SM) closed at $42.33, reflecting a +0.45% change from the previous day, outperforming the S&P 500's 0.05% loss [1] - Over the past month, SM Energy shares have appreciated by 0.1%, while the Oils-Energy sector experienced a loss of 9.67% [1] - The upcoming earnings report on October 31, 2024, is expected to show an EPS of $1.56, indicating a 9.83% decline year-over-year, with revenue projected at $664.81 million, a 3.73% increase [1] Annual Estimates - For the annual period, Zacks Consensus Estimates predict earnings of $7.06 per share and revenue of $2.76 billion, representing increases of +19.86% and +16.07% respectively from the previous year [2] - Recent shifts in analyst projections for SM Energy are crucial as they reflect short-term business trends, with positive revisions indicating analyst optimism [2] Zacks Rank and Valuation - SM Energy currently holds a Zacks Rank of 5 (Strong Sell), with the consensus EPS estimate moving 0.25% lower over the past month [3] - The Forward P/E ratio for SM Energy is 5.97, which is a discount compared to the industry average of 10.06 [3] - The Oil and Gas - Exploration and Production - United States industry is ranked 237 in the Zacks Industry Rank, placing it in the bottom 6% of over 250 industries [3]