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Olin (OLN) Stock Moves -1.05%: What You Should Know

Zacks Equity Research
·3-min read

Olin (OLN) closed at $47.19 in the latest trading session, marking a -1.05% move from the prior day. This change was narrower than the S&P 500's daily loss of 1.15%. Meanwhile, the Dow lost 0.52%, and the Nasdaq, a tech-heavy index, lost 0.37%.

Coming into today, shares of the chlor-alkali and ammunition producer'had lost 21.83% in the past month. In that same time, the Basic Materials sector lost 24.26%, while the S&P 500 lost 5.08%.

Investors will be hoping for strength from Olin as it approaches its next earnings release, which is expected to be July 28, 2022. On that day, Olin is projected to report earnings of $2.58 per share, which would represent year-over-year growth of 49.13%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $2.53 billion, up 13.71% from the year-ago period.

For the full year, our Zacks Consensus Estimates are projecting earnings of $10.06 per share and revenue of $9.82 billion, which would represent changes of +24.66% and +10.19%, respectively, from the prior year.

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Any recent changes to analyst estimates for Olin should also be noted by investors. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.

Based on our research, we believe these estimate revisions are directly related to near-team stock moves. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. The Zacks Consensus EPS estimate has moved 0.33% lower within the past month. Olin currently has a Zacks Rank of #3 (Hold).

Digging into valuation, Olin currently has a Forward P/E ratio of 4.74. For comparison, its industry has an average Forward P/E of 9.4, which means Olin is trading at a discount to the group.

The Chemical - Diversified industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 68, which puts it in the top 27% of all 250+ industries.

The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries 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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