SM Energy (SM) Stock Dips While Market Gains: Key Facts

Core Viewpoint - SM Energy is expected to show significant earnings growth in its upcoming release, with a projected EPS of $1.93, reflecting a 23.72$868.32 million, indicating a 42.64% rise compared to the same quarter last year [2]. Company Performance - SM Energy's stock closed at $39.61, down 1.1% from the previous session, underperforming the S&P 500's daily gain of 0.53% [1]. - Over the past month, SM Energy shares have appreciated by 3.33%, which is below the Oils-Energy sector's gain of 5.88% but above the S&P 500's gain of 1.24% [1]. Analyst Forecasts - Recent revisions to analyst forecasts for SM Energy are being closely monitored, as positive changes in estimates indicate optimism regarding the company's business and profitability [3]. - The Zacks Consensus EPS estimate for SM Energy has increased by 12.09% over the past month, reflecting positive sentiment among analysts [5]. Valuation Metrics - SM Energy is currently trading at a Forward P/E ratio of 4.95, which is a discount compared to the industry average Forward P/E of 9.39 [6]. - The Oil and Gas - Exploration and Production - United States industry, to which SM Energy belongs, holds a Zacks Industry Rank of 57, placing it in the top 23% of over 250 industries [6]. Zacks Rank System - SM Energy currently holds a Zacks Rank of 1 (Strong Buy), which has historically generated an average annual return of +25% since 1988 [5].