The corona virus outbreak is expected to a larger impact on imports at major U.S. retail container ports are previously believed as factory shutdowns. Travel restrictions in China continued to affecting production. The National Retail Federation is one of the world’s largest retail trade association. It has many advocated for the people, brands, policies, and ideas that are helping retail thrive. It has been a voice for every retailer and every retail job, educating, inspiring and communicating.
What Are The Impacts Of Coronavirus?
- There are still a lot of unknowns to fully determine the impact of the coronavirus on the supply chain. NRF Vice President is saying factories in China continue to come back online, products are now flowing again. But there are still issues affecting cargo movement of truck drivers to move cargo to Chinese ports.
- Retailers are working with both suppliers and transportation providers. This month’s report is coming as a separate NRF survey of members found 40 percent of respondents.
- December month was up 5.7 percent but down 3.8 percent from unusually high numbers a year ago related to U.S. tariffs on goods from China. A TEU is one 20-foot-long cargo container or it is equivalent.
- February month was rated at 1.42 million TEU, sort of above the rated 1.41 million TEU but notably lower than the rated 1.54 million TEU forecast before the coronavirus began to affected imports.
- March month is predicting at 1.32 million TEU, down rated 18.3 percent from last year and but it is lesser than the 1.46 million TEU expected last month or the 1.7 million TEU forecast before the virus.
- April month is now forecast at 1.68 million TEU, down 3.5 percent from last year and lower than the 1.82 million TEU forecast last month.
- While the coronavirus is making forecasting difficult, the report calls for imports to jump to 2.02 million TEU in May, a 9.3 percent increase year-over-year, on the assumption that Chinese factories are having resumed most production by then and will be trying to make up for lower volume earlier.
- Imports during 2019 totaled 21.6 million TEU, a 0.8 percent decrease from 2018 amid the ongoing trade war but still the second-highest year on record. In the year 2020 is forecast to total rated 10.23 million TEU, down 2.8 percent from the same period last year and below the rated 10.47 million TEU forecast a month ago.
Currently, GMS Inc. has a Zacks Rank of #2 (Buy), while Lowe’s has a Zacks Rank of #3 (Hold). The Zacks Rank favors stocks that have recently seen positive revisions to their earnings estimates, so investors should rest assured that GMS has an improving earnings outlook. But this is only part of the picture for value investors.
Value investors analyze a variety of traditional, tried-and-true metrics to help find companies that they believe are undervalued at their current share price levels.You can get more latest idxsha information at https://www.webull.com/quote/idxsha-000001.
Our Value category grades stocks based on a number of key metrics, including the tried-and-true P/E ratio, the P/S ratio, earnings yield, and cash flow per share, as well as a variety of other fundamentals that value investors frequently use.
GMS currently has a forward P/E ratio of 6.64, while LOW (https://www.webull.com/quote/nyse-low) has a forward P/E of 15.81. We also note that GMS has a PEG ratio of 0.95. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company’s expected earnings growth rate. LOW currently has a PEG ratio of 1.14.
Another notable valuation metric for GMS is its P/B ratio of 1.25. The P/B ratio pits a stock’s market value against its book value, which is defined as total assets minus total liabilities. For comparison, LOW has a P/B of 40.43.