Published on 27 Feb 2024 on Zacks via Yahoo Finance
Sylvamo Corporation (SLVM) Hit a 52 Week High, Can the Run Continue?
Have you been paying attention to shares of Sylvamo Corporation (SLVM)? Shares have been on the move with the stock up 21% over the past month. The stock hit a new 52-week high of $58.56 in the previous session. Sylvamo Corporation has gained 18% since the start of the year compared to the -6.5% move for the Zacks Basic Materials sector and the 0.2% return for the Zacks Paper and Related Products industry.
What's Driving the Outperformance?
The stock has a great record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on February 15, 2024, Sylvamo Corporation reported EPS of $1.16 versus consensus estimate of $0.82.