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Earnings Preview: What to expect from The Simply Good Foods Company [SMPL] quarterly results?

The Simply Good Foods Company [NASDAQ:SMPL] will report earnings after markets close on ‎Wednesday, January 6th.

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SMPL Earnings Forecast For The Current Quarter

The Simply Good ‎Foods Company [SMPL] is expected to report weak earnings results for the quarter ending on Nov ‎‎2020. Consensus estimates give the company expected revenues of $209.72M and an earnings per ‎share of $0.21 for Nov 2020. Looking further ahead, the company is expected to report revenue of ‎‎$224.08M at an EPS of $0.23 for Feb 2021. The estimates represent 6.70% and 14.15% in the company’s ‎revenue and earnings per share, respectively, on a year-on-year basis.


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SMPL Earnings Estimates ‎For The Current Year

For the financial year, The Simply Good Foods Company [NASDAQ:SMPL] is ‎expected to bring in revenue of $902.65M. The returns are nearly $86.01 million higher than the ‎company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it ‎at 0.97, higher than that of FY20 by $0.04. Estimates put this year’s earnings growth at 4.30%, 13.40% ‎for the next, and at an annual 6.00% over the next 5-year period. As for sales, forecasts are for an ‎increase of 10.50% in the current fiscal year and a further 6.70% over the following year.

SMPL ‎Price Performance

On Wall Street, The Simply Good Foods Company [NASDAQ:SMPL] finished ‎Monday’s session down -5.26% at $29.71. The stock went up to $32.03 at the same session while its ‎lowest single day price was $29.52. In the last five days, it saw a fall of about -0.60%, The Simply Good ‎Foods Company shares dropped by almost -5.26% since the beginning of the year. However, the share ‎price has dropped to as low as -5.68% below its one year high. On 01/04/21, the company shares ‎recorded $32.03, the highest single-day price it has got to in the last 52-weeks and a 52-week low was ‎seen on 01/04/21, the same year at $29.52. The company’s shares have inclined by 5.47% in the past ‎year. The 50-day SMA achieved is $23.81 while the 200-day SMA is $21.27. Volume dropped to 1.34 ‎million from 1.37 million in the previous session.

The Simply Good Foods Company [SMPL] ‎Valuation Measures

Notably, The Simply Good Foods Company [SMPL] stock cannot be classified ‎as a good candidate in the listing of underestimated low-priced Packaged Foods companies to ‎purchase soonest possible with the prevailing 12-month PE ratio of 86.37. The measure means the ‎stock is exchanging at a premium as compared to the 20.05x trailing earnings of the industry. It can be ‎helpful for investors to consider historical price-sales ratio, more specifically, a 3.37 PS value ratio is ‎reported for the last one year of reported earnings. That is higher than the industry average of 1.06 ‎which means SMPL serve an unattractive investment opportunity compared to its ‎competitors.

SMPL Stock Support And Resistance Levels

On the 24-hour scale, the ‎immediate backing is perceived around 28.81 level, and in case of violation of this particular level, it will ‎cause more drop to 27.91 level. On the upper level, 32.93 is still the key resistance. The stock may ‎increase to the subsequent resistance at 31.32. The Relative Strength Index (RSI) pinned on the 14-day ‎chart is 68.60, implying a neutral technical stance while the MACD stands at 2.38, meaning price will ‎increase in the next trading period. Percent R indicator moved to 31.52%, implying low price ‎movement. Stochastic %K at 88.19% suggest selling the stock.

Is The Simply Good Foods Company ‎‎[NASDAQ:SMPL] a Good Buy Right Now?

It should be noted that SMPL technical indicators for ‎short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The ‎average signal changed from 88% Buy in the last week and compares with 24% Buy in the past month. ‎Data from The Simply Good Foods Company’s Trend Spotter indicated that the signals were Weakest. ‎The stock current average is 1.9 million shares in the past 20 days and the short term average signal ‎indicates a 100% Buy. In the last 50 days, the average trading volume was 1.41 million shares while the ‎medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and ‎the 100-day average volume stands at 0.95 million shares.

What is the short interest in The Simply ‎Good Foods Company?

Short interest in the The Simply Good Foods Company stock has surged, ‎increasing by 70000.0 shares to total 3.23 million shares on Dec 14, 2020. The interest had seen shares ‎on Nov 12, 2020 stand at 3.3 million, data from Yahoo Finance shows. The decrease of -2.17% suggests ‎the stock saw some decreased bullish sentiment. The stock’s days to cover moved to short ratio while ‎the shorted shares account for just 4.17% of the overall float for the stock.

The Simply Good ‎Foods Company’s Biggest Shareholders: Who Owns The Simply Good Foods Company ‎‎[SMPL]?

Filings by The Vanguard Group, Inc. showed that the firm now holds a total of 7,544,683 ‎shares or roughly 7.89% of the outstanding SMPL shares. This means their shares have reduced by -‎‎314,697 from the 7,544,683 the investor reportedly held in its prior 13-F filing. With the conclusion of ‎the sale, BlackRock Fund Advisors updated stake is worth $110,472,788. Details in the latest 13F filings ‎reveal that Capital Research & Management Co disposed off their 0.00% stake valued at $107,634,740 ‎while Champlain Investment Partners LLC added theirs at $97,420,527. During the last quarter, Capital ‎Research & Management Co liquidated 0 of its shares in The Simply Good Foods Company while ‎Champlain Investment Partners LLC bought 40,650 shares. The Silvercrest Asset Management Grou’s ‎holdings currently number 4,074,560 shares at $121055177.6. According to the firm’s last 13F report, ‎Wellington Management Co. LLP shares in the company at filing stood at 3,861,303 shares, roughly ‎‎$83,944,727.

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What are analyst thoughts on The Simply Good Foods Company?

Looking ‎forward to the The Simply Good Foods Company share price prediction, we can see that analysts, ‎surveyed by FactSet, offer the mean price target for The Simply Good Foods Company stock at $27.00 ‎within the next 12 months, which represents almost -10.04 per cent growth from its previous closing ‎price of $29.71. The highest analysts’ target for The Simply Good Foods Company stock projections is ‎‎$34.00 and the lowest one is $25.00. Still, 14 analysts sharing their consensus rating for SMPL stock in ‎‎2021 agree that it is a Buy.‎

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