Why the Market Dipped But Williams-Sonoma (WSM) Gained Today

Williams-Sonoma (WSM) closed the most recent trading day at $199.13, moving +0.3% from the previous trading session. The stock outperformed the S&P 500, which registered a daily loss of 0.21%. On the other hand, the Dow registered a loss of 0.16%, and the technology-centric Nasdaq decreased by 0.89%.Shares of the seller of cookware and home furnishings have appreciated by 6.7% over the course of the past month, outperforming the Retail-Wholesale sector's loss of 2.84% and the S&P 500's loss of 1.56%.The upcoming earnings release of Williams-Sonoma will be of great interest to investors. The company is predicted to post an EPS of $2.87, indicating a 5.51% growth compared to the equivalent quarter last year. Alongside, our most recent consensus estimate is anticipating revenue of $2.32 billion, indicating a 1.96% upward movement from the same quarter last year.WSM's full-year Zacks Consensus Estimates are calling for earnings of $8.29 per share and revenue of $7.57 billion. These results would represent year-over-year changes of +11.57% and -2.29%, respectively.Investors might also notice recent changes to analyst estimates for Williams-Sonoma. Such recent modifications usually signify the changing landscape of near-term business trends. Hence, positive alterations in estimates signify analyst optimism regarding the company's business and profitability.Our research suggests that these changes in estimates have a direct relationship with upcoming stock price performance. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.The Zacks Rank system, ranging from #1 (Strong Buy) to #5 (Strong Sell), possesses a remarkable history of outdoing, externally audited, with #1 stocks returning an average annual gain of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has remained steady. Williams-Sonoma is holding a Zacks Rank of #2 (Buy) right now.Looking at its valuation, Williams-Sonoma is holding a Forward P/E ratio of 23.95. This indicates a premium in contrast to its industry's Forward P/E of 20.85.It is also worth noting that WSM currently has a PEG ratio of 3.02. The PEG ratio is akin to the commonly utilized P/E ratio, but this measure also incorporates the company's anticipated earnings growth rate. The average PEG ratio for the Retail - Home Furnishings industry stood at 2.18 at the close of the market yesterday.The Retail - Home Furnishings industry is part of the Retail-Wholesale sector. Currently, this industry holds a Zacks Industry Rank of 86, positioning it in the top 35% of all 250+ industries.The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.Keep in mind to rely on Zacks.com to watch all these stock-impacting metrics, and more, in the succeeding trading sessions.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Williams-Sonoma, Inc. (WSM): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks