This story originally appeared on Zacks
Huntsman (HUN) closed the last trading day at $35.77, up 0.22% from the previous trading session. The move outpaced the S&P 500’s daily loss of 0.41%. Elsewhere, the Dow Jones lost 0.01%, while the tech-heavy Nasdaq added 0.13%.
Heading into the day, the chemical company’s shares are up 9.65% over the past month, outpacing the basic materials sector’s 4.05% gain and the S&P 500’s 2.36% gain in that time.
Investors hope to gain traction from Huntsman as it nears its next earnings release, which is expected to be February 15, 2022. In that report, analysts expect Huntsman to report earnings of $0.90 per share. This would represent an annual growth of 76.47%. Meanwhile, our latest consensus estimate calls for revenue of $2.22 billion, up 32.95% from the prior year quarter.
Any recent changes to Huntsman’s analyst estimates should also be noted by investors. Recent reviews tend to reflect the latest near-term business trends. As a result, we can interpret positive rating reviews as a good sign of the company’s business outlook.
Based on our research, we believe that these discretionary reviews are directly related to stock movements close to the team. Investors can take advantage of this using Zacks Rank. This model takes into account these changes in grading and provides a simple and actionable rating system.
Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank has a track record of outperforming externally audited, with the #1 stock having achieved a +25% average annual return since 1988. More in a month Past, Zacks Consensus EPS estimate has held steady. Huntsman holds a Zacks rating of 3 (Hold) at the moment.
Investors should also note Huntsman’s current valuation metrics, including a forward price-to-earnings ratio of 9.36. Its industry has an average P/E forward of 12.68, so one might conclude that Huntsman is trading at a relatively discounted rate.
The chemical industry – diversified is part of the basic materials sector. The industry currently has a Zacks Industry Rating of 92, placing it in the top 37% of all 250+ industries.
Zacks Industry Ranking measures the strength of our industry groups by measuring the average Zacks rating of the individual stocks within the groups. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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In the words of one investor, “Cure and prevent hundreds of diseases… what should this market be worth?” This company can rival or outperform other Zacks stocks that are set to double like Boston Beer which is up +143.0% in just over 9 months and NVIDIA which is booming +175.9% in one year.
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