Cal-Maine Foods (CALM) closed at $52.15 in the latest trading session, marking a +0.29% move from the prior day. The stock outpaced the S&P 500's daily loss of 0.43%. Meanwhile, the Dow lost 0.18%, and the Nasdaq, a tech-heavy index, lost 0.4%.Prior to today's trading, shares of the egg producer had lost 1.2% over the past month. This has lagged the Basic Materials sector's gain of 4.77% and the S&P 500's gain of 6.28% in that time.Investors will be hoping for strength from Cal-Maine Foods as it approaches its next earnings release. In that report, analysts expect Cal-Maine Foods to post earnings of $1.98 per share. This would mark year-over-year growth of 635.14%.Any recent changes to analyst estimates for Cal-Maine Foods should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.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. Within the past 30 days, our consensus EPS projection has moved 251.59% higher. Cal-Maine Foods is holding a Zacks Rank of #1 (Strong Buy) right now.Investors should also note Cal-Maine Foods's current valuation metrics, including its Forward P/E ratio of 11.74. Its industry sports an average Forward P/E of 9.59, so we one might conclude that Cal-Maine Foods is trading at a premium comparatively.The Agriculture - Products industry is part of the Basic Materials sector. This industry currently has a Zacks Industry Rank of 69, which puts it in the top 28% 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.Make sure to utilize Zacks.com to follow all of these stock-moving metrics, and more, in the coming trading sessions. Want to Know the #1 Semiconductor Stock for 2022? Few people know how promising the semiconductor market is. Over the last couple of years, disruptions to the supply chain have caused shortages in several industries. The absence of one single semiconductor can stop all operations in certain industries. This year, companies that create and produce this essential material will have incredible pricing power. For a limited time, Zacks is revealing the top semiconductor stock for 2022. You'll find it in our new Special Report, One Semiconductor Stock Stands to Gain the Most. Today, it's yours free with no obligation.>>Give me access to my free special report.Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report CalMaine Foods, Inc. (CALM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research