Q3 2024 SiteOne Landscape Supply Inc Earnings Call Transcript

SITE Stock  USD 135.63  2.65  1.99%   
About 58% of SiteOne Landscape's investor base is looking to short. The analysis of overall sentiment of trading SiteOne Landscape Supply stock suggests that many investors are alarmed at this time. The current market sentiment, together with SiteOne Landscape's historical and current headlines, can help investors time the market. In addition, many technical investors use SiteOne Landscape Supply stock news signals to limit their universe of possible portfolio assets.
  
Oct 30, 2024 1200PM GMTOperator Greetings, and welcome to the SiteOne Landscape Supply, Inc. third quarter 2024 earnings call. As a r

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SiteOne Landscape Supply Current Investor Sentiment

Panic Vs Confidence

42

 
Panic
 
Confidence
Today, several news technology companies offer sentiment data to assist traders in manufacturing news sentiment indicators for investment decisions. We partner with these technology firms in helping retail investors build forecasting models that use SiteOne Landscape's input sentiment indicators derived from textual data and news published on major financial information outlets and social sites. These indicators can be used to analyze time-dependent numerical information representing public perception toward SiteOne Landscape Supply.

SiteOne Landscape Investor Sentiment by Other News Outlets

Investor sentiment, mood or attitude towards SiteOne Landscape can have a significant impact on its stock price or the market as a whole. This sentiment can be positive or negative, and various factors, such as economic indicators, news events, or market trends, can influence it. When investor sentiment is positive, investors are more likely to buy stocks, increasing demand and increasing the stock price. Positive investor sentiment can be driven by good news about the company or the broader market, such as solid earnings reports or positive economic data.
Note that negative investor sentiment can cause investors to sell stocks, leading to a decrease in demand and a drop in the stock price. Negative sentiment can be driven by factors such as poor earnings reports, negative news about the company or industry, or broader economic concerns. It's important to note that investor sentiment is just one of many factors that can affect stock prices. Other factors, such as company performance, industry trends, and global economic conditions, can also play a significant role in determining the value of a stock.

SiteOne Landscape Supply Historical Investor Sentiment

Investor biases related to SiteOne Landscape's public news can be used to forecast risks associated with an investment in SiteOne. The trend in average sentiment can be used to explain how an investor holding SiteOne can time the market purely based on public headlines and social activities around SiteOne Landscape Supply. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.
SiteOne Landscape's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for SiteOne Landscape and other traded tickers. The bigger the bubble, the more accurate the estimated score. Higher bars for a given day show more participation in the average SiteOne Landscape news discussions. The higher the estimate score, the more favorable the investor's outlook on SiteOne Landscape.

SiteOne Landscape Fundamental Analysis

We analyze SiteOne Landscape's financials across various querterly and yearly statements, indicators and fundamental ratios. We help investors to determine the real value of SiteOne Landscape using virtually all public information available. We use both quantitative as well as qualitative analysis to arrive at the intrinsic value of SiteOne Landscape based on its fundamental data. In general, a quantitative approach, as applied to this company, focuses on analyzing financial statements comparatively, whereas a qaualitative method uses data that is important to a company's growth but cannot be measured and presented in a numerical way.

Price To Earnings To Growth

Price To Earnings To Growth Comparative Analysis

SiteOne Landscape is currently under evaluation in price to earnings to growth category among its peers. PEG Ratio indicates the potential value of an equity instrument and is calculated by dividing Price to Earnings (P/E) ratio into earnings growth rate. Most analysts and investors prefer this measure to a Price to Earnings (P/E) ratio because it incorporates the future growth of a firm. The low PEG ratio usually implies that an equity instrument is undervalued; whereas PEG of 1 may indicate that an equity is reasonably priced under given expectations of future growth.

SiteOne Landscape Supply Potential Pair-trading

One of the popular trading techniques among algorithmic traders is to use market-neutral strategies where every trade hedges away some risk. Because there are two separate transactions required, even if one position performs unexpectedly, the other equity can make up some of the losses. Below are some of the equities that can be combined with SiteOne Landscape stock to make a market-neutral strategy. Peer analysis of SiteOne Landscape could also be used in its relative valuation, which is a method of valuing SiteOne Landscape by comparing valuation metrics with similar companies.

Peers

SiteOne Landscape Related Equities

DXPEDXP Enterprises   2.19   
0%
100.0%
FERGFerguson Plc   1.95   
0%
89.0%
GWWWW Grainger   1.05   
0%
47.0%
CNMCore Main   0.82   
0%
37.0%
BXCBlueLinx Holdings   0.53   
0%
24.0%
WCC-PAWESCO International   0.12   
0%
5.0%
MSMMSC Industrial   0.32   
14.0%
0%
GICGlobal Industrial   0.47   
21.0%
0%
DSGRDistribution Solutions   0.58   
26.0%
0%
AITApplied Industrial   1.18   
53.0%
0%

Complementary Tools for SiteOne Stock analysis

When running SiteOne Landscape's price analysis, check to measure SiteOne Landscape's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy SiteOne Landscape is operating at the current time. Most of SiteOne Landscape's value examination focuses on studying past and present price action to predict the probability of SiteOne Landscape's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move SiteOne Landscape's price. Additionally, you may evaluate how the addition of SiteOne Landscape to your portfolios can decrease your overall portfolio volatility.
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