Is Shaw Communications (SJR) a Great Stock for Value Investors?
Zacks Investment Research | Dec 09, 2021 09:30PM ET
Value investing is easily one of the most popular ways to find great stocks in any market environment. After all, who wouldn’t want to find stocks that are either flying under the radar and are compelling buys, or offer up tantalizing discounts when compared to fair value?
One way to find these companies is by looking at several key metrics and financial ratios, many of which are crucial in the value stock selection process. Let’s put Shaw Communications (NYSE:SJR) Inc. here >> )
Meanwhile, the company’s recent earnings estimates have been mixed at best. The current fiscal quarter has not seen any estimate revisions in the past sixty days, while the fiscal full year estimate has seen one upward and two downward revisions in the same time period.
As a result, the current fiscal quarter consensus estimate has risen by 7.1% in the past two months, while the fiscal full year estimate has inched lower by 0.8%.
This somewhat mixed trend is why the stock has just a Zacks Rank #3 (Hold) and why we are looking for in-line performance from the company in the near term.
Bottom Line
Shaw Communications is an inspired choice for value investors, as it is hard to beat its incredible lineup of statistics on this front. However, with a sluggish industry rank (among the bottom 18%) and a Zacks Rank #3, it is hard to get too excited about this company overall. In fact, over the past two years, the industry has clearly underperformed the broader market, as you can see below:
So, value investors might want to wait for estimates, analyst sentiment and broader factors to turn around in this name first, but once that happens, this stock could be a compelling pick.
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