Sprouts Farmers Market (NASDAQ:SFM) Updates Q4 2021 Earnings Guidance

Sprouts Farmers Market (NASDAQ:SFM) issued an update on its fourth quarter 2021 earnings guidance on Thursday morning. The company provided earnings per share guidance of $0.260-$0.300 for the period, compared to the Thomson Reuters consensus earnings per share estimate of $0.340. The company issued revenue guidance of $1.45 billion-$1.48 billion, compared to the consensus revenue estimate of $1.50 billion.Sprouts Farmers Market also updated its FY 2021 guidance to $2.040-$2.080 EPS.

SFM stock traded down $0.28 during midday trading on Thursday, reaching $26.79. 2,228,899 shares of the company’s stock traded hands, compared to its average volume of 2,329,232. Sprouts Farmers Market has a 52-week low of $19.13 and a 52-week high of $29.35. The stock has a market cap of $3.01 billion, a P/E ratio of 11.35 and a beta of 0.25. The company has a current ratio of 1.16, a quick ratio of 0.62 and a debt-to-equity ratio of 1.39. The stock’s 50-day moving average is $23.31 and its 200 day moving average is $24.76.

Sprouts Farmers Market (NASDAQ:SFM) last announced its earnings results on Thursday, November 4th. The company reported $0.56 EPS for the quarter, beating the Zacks’ consensus estimate of $0.40 by $0.16. Sprouts Farmers Market had a net margin of 4.45% and a return on equity of 29.50%. The business had revenue of $1.51 billion during the quarter, compared to analysts’ expectations of $1.58 billion. During the same period in the prior year, the company earned $0.52 earnings per share. The firm’s revenue was down 4.3% on a year-over-year basis. As a group, research analysts expect that Sprouts Farmers Market will post 2.07 EPS for the current fiscal year.

A number of analysts have commented on SFM shares. Gordon Haskett cut shares of Sprouts Farmers Market from a hold rating to a reduce rating and set a $20.00 target price for the company. in a report on Thursday, November 11th. Deutsche Bank Aktiengesellschaft reduced their price objective on shares of Sprouts Farmers Market from $34.00 to $29.00 and set a buy rating for the company in a research note on Friday, August 6th. Finally, BMO Capital Markets cut shares of Sprouts Farmers Market from a market perform rating to an underperform rating and reduced their price objective for the stock from $21.00 to $19.00 in a research note on Tuesday, October 5th. Three equities research analysts have rated the stock with a sell rating, two have given a hold rating and one has given a buy rating to the company. Based on data from MarketBeat.com, Sprouts Farmers Market currently has an average rating of Hold and an average price target of $22.80.

Sprouts Farmers Market Company Profile

Sprouts Farmers Markets, Inc engages in the operation of healthy grocery stores. The firm specializes in fresh, natural and organic products. Its products include fresh produce, bulk foods, vitamins and supplements, grocery, meat and seafood, deli, bakery, dairy, frozen foods, body care and natural household items.

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Earnings History and Estimates for Sprouts Farmers Market (NASDAQ:SFM)

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