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Price Over Earnings Overview: Sportsman"s Warehouse

  Looking into the current session, Sportsman's Warehouse Inc. (NASDAQ:SPWH) is trading at $13.56, after a 19.96% decrease. Over the past month, the stock fell by 21.62%, but over the past year, it actually spiked by 4.47%. With questionable short-term performance like this, and great long-term performance, long-term shareholders might want to start looking into the company's price-to-earnings ratio. Assuming that all other factors are held constant, this could present itself as an opportunity for shareholders trying to capitalize on the higher share price. The stock is currently under from its 52 week high by ...Full story available on Benzinga.com.....»»

Category: earningsSource: benzingaDec 4th, 2021

Costco (COST) May Find a Bottom Soon, Here"s Why You Should Buy the Stock Now

Costco (COST) witnesses a hammer chart pattern, indicating support found by the stock after losing some value lately. This coupled with an upward trend in earnings estimate revisions could mean a trend reversal for the stock in the near term. The price trend for Costco (COST) has been bearish lately and the stock has lost 7.5% over the past week. However, the formation of a hammer chart pattern in its last trading session indicates that the stock could witness a trend reversal soon, as bulls might have gained significant control over the price to help it find support.The formation of a hammer pattern is considered a technical indication of nearing a bottom with likely subsiding of selling pressure. But this is not the only factor that makes a bullish case for the stock. On the fundamental side, strong agreement among Wall Street analysts in raising earnings estimates for this warehouse club operator enhances its prospects of a trend reversal. What is a Hammer Chart and How to Trade It?This is one of the popular price patterns in candlestick charting. A minor difference between the opening and closing prices forms a small candle body, and a higher difference between the low of the day and the open or close forms a long lower wick (or vertical line). The length of the lower wick being at least twice the length of the real body, the candle resembles a 'hammer.'In simple terms, during a downtrend, with bears having absolute control, a stock usually opens lower compared to the previous day's close, and again closes lower. On the day the hammer pattern is formed, maintaining the downtrend, the stock makes a new low. However, after eventually finding support at the low of the day, some amount of buying interest emerges, pushing the stock up to close the session near or slightly above its opening price.When it occurs at the bottom of a downtrend, this pattern signals that the bears might have lost control over the price. And, the success of bulls in stopping the price from falling further indicates a potential trend reversal.Hammer candles can occur on any timeframe -- such as one-minute, daily, weekly -- and are utilized by both short-term as well as long-term investors.Like every technical indicator, the hammer chart pattern has its limitations. Particularly, as the strength of a hammer depends on its placement on the chart, it should always be used in conjunction with other bullish indicators.Here's What Increases the Odds of a Turnaround for COSTThere has been an upward trend in earnings estimate revisions for COST lately, which can certainly be considered a bullish indicator on the fundamental side. That's because a positive trend in earnings estimate revisions usually translates into price appreciation in the near term.The consensus EPS estimate for the current year has increased 0.7% over the last 30 days. This means that the Wall Street analysts covering COST are majorly in agreement about the company's potential to report better earnings than what they predicted earlier.If this is not enough, you should note that COST currently has a Zacks Rank #2 (Buy), which means it is in the top 20% of more than the 4,000 stocks that we rank based on trends in earnings estimate revisions and EPS surprises. And stocks carrying a Zacks Rank #1 or 2 usually outperform the market. You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>Moreover, a Zacks Rank of 2 for Costco is a more conclusive indication of a potential trend reversal, as the Zacks Rank has proven to be an excellent timing indicator that helps investors identify precisely when a company's prospects are beginning to improve. Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now >>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 Costco Wholesale Corporation (COST): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 13th, 2022

4 Consumer Products Stocks to Watch Amid Industry Hurdles

The Zacks Consumer Products - Staples industry players are seeing cost inflation and supply-chain disruptions. Nonetheless, solid online sales and saving efforts keep Kimberly-Clark (KMB), Newell Brands (NWL), Albertsons Companies (ACI) and Tupperware Brands (TUP) well positioned. Players in the Zacks Consumer Products – Staples industry are seeing margin pressure on account of cost inflation, which in turn is resulting from escalated costs of inputs, transport and labor. Supply-chain disruptions are also posing as deterrents for some companies. Apart from this, moderating demand from the year-ago period’s spike is weighing on year-over-year sales comparisons of some industry players.Nevertheless, strategic saving measures, robust e-commerce operations, and focus on portfolio enhancement and innovation have been working well for Kimberly-Clark Corporation’s KMB, Newell Brands Inc. NWL, Albertsons Companies, Inc. ACI and Tupperware Brands Corporation TUP.About the IndustryThe Zacks Consumer Products – Staples industry consists of companies involved in marketing, producing and distributing a wide range of consumer products. These include personal care items, cleaning equipment, stationery, bed and bath products and household goods like kitchen appliances, cutlery and food storage. Some industry participants also provide batteries and lighting products – whereas some offer pet food and treats, pet supplies, pet medications and pet services.  Companies in the Consumer Products – Staples universe offer products to supermarkets, drug/grocery stores, department stores, warehouse clubs, mass merchandisers and other retail outlets. Some companies sell products to the manufacturers of perfumes and cosmetics, hair and other personal care products. Products are also sold through other distributors and the fast-growing e-commerce channel.3 Trends Shaping the Future of the Consumer Products Staples IndustryEscalated Costs: Several industry players are encountering cost inflation, arising from increased input costs. The companies are also seeing increased labor and transportation costs due to tough market conditions. Several companies are bearing the brunt of supply-chain disruptions. Apart from this, higher advertising, e-commerce and other growth-related investments are a threat to margins. That said, the companies’ solid saving and restructuring plans along with pricing actions should offer some respite.Tough Sales Comparison With the Year-ago Period: Some companies are seeing tough sales comparisons with the year-ago period, which had benefited from a major spike in demand due to the pandemic-led at-home consumption. Although at-home consumption and consumer demand remain elevated compared with the pre-pandemic periods, both have tapered off from the exceptional growth witnessed last year.Revenue-Driving Initiatives: Consumer product players are focused on concerted revenue-boosting initiatives to squeeze out more from their operations. To this end, companies’ solid focus on boosting e-commerce and digital operations has been a major driver, especially amid the pandemic. Also, innovation in areas that are witnessing increasing consumer interest has been adding to the portfolio strength of several companies. Industry players have been optimizing portfolios through meaningful buyouts and divestitures, which enable them to increase focus on areas with higher growth potential.Zacks Industry Rank Indicates Drab ProspectsThe Zacks Consumer Products – Staples industry is housed within the broader Zacks Consumer Staples sector. It currently carries a Zacks Industry Rank #231, which places it in the bottom 9% of more than 250 Zacks industries.The group’s Zacks Industry Rank, which is basically the average of the Zacks Rank of all the member stocks, indicates dull near-term prospects. Our research shows that the top 50% of the Zacks-ranked industries outperforms the bottom 50% by a factor of more than 2 to 1.The industry’s position in the bottom 50% of the Zacks-ranked industries is a result of a negative earnings outlook for the constituent companies in aggregate. Looking at the aggregate earnings estimate revisions, it appears that analysts are gradually becoming less confident on this group’s earnings growth potential. Since the beginning of July 2021, the industry’s earnings estimate for 2022 has tumbled 16%.Let’s look at the industry’s performance and current valuation.Industry Versus Broader MarketThe Zacks Consumer Products – Staples industry has lagged the S&P 500 Index as well as the broader Zacks Consumer Staples sector over the past year.The industry has dropped 17.1% over this period against the S&P 500 Index’s growth of 23.4%. Meanwhile, the broader sector has risen 7.4%.One-Year Price PerformanceIndustry's Current ValuationOn the basis of forward 12-month price-to-earnings (P/E), which is commonly used for valuing consumer staples stocks, the industry is currently trading at 22.59X compared with the S&P 500’s 21.34X and the sector’s 20.66X.Over the last five years, the industry has traded as high as 21.62X, as low as 16.47X, and at the median of 19.44X, as the chart below shows.Price-to-Earnings Ratio (Past 5 Years) 4 Consumer Products Stocks to Keep a Close Eye onAlbertsons Companies: This Zacks Rank #2 (Buy) company’s shares have increased 46.4% in the past six months. The Zacks Consensus Estimate for Albertsons Companies’ current fiscal-year earnings per share (EPS) has climbed 1.5% to $2.63 in the past 30 days.This food and drug store company has been gaining on its efforts to improve the store as well as e-commerce operations. With regard to fueling e-commerce operations, the company is making notable progress across pickup and delivery. Additionally, Albertsons Companies’ focus on enhancing efficiency and expanding product assortment is noteworthy. Apart from this, ACI has been committed toward curtailing costs. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Price and Consensus: ACIKimberly-Clark: This manufacturer and marketer of personal care and consumer tissue products has seen its shares increase 6.6% in the past six months. Kimberly-Clark has been gaining on its commitment toward key strategic pillars, which include a focus on improving its core business in the developed markets; speeding up growth of the Personal Care segment in developing and emerging markets, and enhancing digital and e-commerce capacities.Apart from this, Kimberly-Cleark’s 2018 Global Restructuring and Focus on Reducing Costs Everywhere programs have been generating savings. This Zacks Rank #3 (Hold) company’s pricing actions also bode well amid the cost inflation. The Zacks Consensus Estimate for KMB’s current fiscal-year EPS has remained stable at $6.16 over the past 30 days. Shares of the company have rallied 29.7% in the past six months.Price and Consensus: KMBNewell Brands: Newell Brands is benefiting from favorable consumption trends for a while now. Increased online sales given consumers’ rising shift to the online platform are also working well for this Zacks Rank #3 company. Apart from this, Newell Brands’ focus on Project FUEL is noteworthy.Newell Brands is a designer, manufacturer and distributor of consumer and commercial products. The Zacks Consensus Estimate for NWL’s current fiscal-year EPS has remained stable at $1.73 over the past 30 days. Shares of the company have dropped 12.8% in six months.Price and Consensus: NWLTupperware Brands: Tupperware Brands is a provider of design-centric preparation, storage, and serving solutions for home and kitchen along with cookware, microwave products, microfiber textiles and water-filtration-related items, among others. The Zacks Consensus Estimate for this Zacks Rank #3 company’s current fiscal-year EPS has remained stable at $3.50 in the past 30 days.The company has been focused on solidifying its core business across geographies. Tupperware Brands has been making investments to fuel growth in its direct selling business as well as other expansion endeavors. Tupperware Brands’ strategies like expanding product categories, increasing distribution and access points and undertaking efficient pricing have been working well. Shares of TUP have declined 30.2% in the past six months.Price and Consensus: TUP Breakout Biotech Stocks with Triple-Digit Profit Potential The biotech sector is projected to surge beyond $2.4 trillion by 2028 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases. Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Recommendations from previous editions of this report have produced gains of +205%, +258% and +477%. The stocks in this report could perform even better.See these 7 breakthrough stocks now >>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 KimberlyClark Corporation (KMB): Free Stock Analysis Report Newell Brands Inc. (NWL): Free Stock Analysis Report Albertsons Companies, Inc. (ACI): Free Stock Analysis Report Tupperware Brands Corporation (TUP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 13th, 2022

RPM International (RPM) Q2 Earnings Miss, Revenues Beat

RPM International's (RPM) second-quarter fiscal 2022 results reflect raw material shortages, supply chain disruptions and inflation. Yet, underlying demand is strong. RPM International Inc. RPM reported second-quarter fiscal 2022 (ended Nov 30, 2021) results, wherein earnings missed the Zacks Consensus Estimate but revenues beat the same. The company continues to experience raw material shortages, supply chain disruptions and material, wage, and freight inflation.Nevertheless, price increases and higher demand for paints, coatings, sealants, and other building materials have been a boon for RPM International.Inside the HeadlinesRPM International reported adjusted earnings of 79 cents per share, which missed the consensus mark of 86 cents by 8.1% and decreased 25.5% from the year-ago figure of $1.06.Net sales of $1,639.5 million surpassed the consensus mark of $1,578 million by 3.9% and increased 10.3% from the prior-year level of $1,485.9 million. The upside was led by strong contributions from three operating segments.Adjusted EBIT for the reported quarter decreased 21.3% year over year to $157.3 million.RPM International Inc. Price, Consensus and EPS Surprise RPM International Inc. price-consensus-eps-surprise-chart | RPM International Inc. QuoteSegmental DetailsConstruction Products Group (“CPG”): For the fiscal second quarter, sales in the segment increased 22% from a year ago to $614.2 million owing to 19.9% organic growth and a 0.3% impact of favorable foreign currency. Acquisitions also contributed 1.8% to its top line. Adjusted EBIT was $91.4 million, up 16.5% year over year.Performance Coatings Group (“PCG”): Segment sales increased 16.9% from a year ago to $302.5 million, owing to a 12.2% rise in organic sales and 3.9% acquisition-related sales contribution. Also, a favorable foreign currency translation of 0.8% contributed to sales. Adjusted EBIT increased 41.3% on a year-over-year basis to $39.6 million.Consumer Group: Sales in the segment declined 3.3% year over year to $529.2 million owing to a 3.5% decline in organic sales. Yet, favorable foreign currency translation contributed 0.2% to sales. The segment’s adjusted EBIT decreased 62.9% from the prior-year level to $33.6 million due to cost pressure.Specialty Products Group (“SPG”): The segment’s sales totaled $193.6 million, which increased 10% on a year-over-year basis owing to a 9% rise in organic sales. Also, favorable foreign currency translation and acquisitions contributed 0.6% and 0.4%, respectively, to sales. Adjusted EBIT for the quarter totaled $20.9 million, down 29.4% from the prior-year level of $29.6 million.Balance SheetAs of Nov 30, 2021, RPM International had cash and cash equivalents of $192.9 million compared with $246.7 million at fiscal 2021-end. Total liquidity (as of Nov 30, 2021), including cash and revolving credit facilities, was $1.32 billion compared with $1.46 billion on May 31, 2021.Long-term debt (excluding current maturities) at quarter-end was $2.16 billion compared with $2.38 billion at fiscal 2021-end. Cash provided by operations amounted to $159.4 million for the first six months of 2021, down from $579.5 million in the year-ago period.OutlookThe company continues to expect robust demand for its paints, coatings, sealants and other building materials for third-quarter fiscal 2022. Yet, supply chain challenges and raw material shortages are expected to increase due to disruptions from the COVID-19 Omicron variant.For third-quarter fiscal 2022, RPM International expects sales to increase in double digits from third-quarter fiscal 2021. It anticipates CPG and PCG segments to witness sales growth in double digits. The company expects SPG sales to grow in low-double digits. Consumer Group is expected to witness low-single-digit sales growth, given tough year-over-year comparison.Consolidated adjusted EBIT is expected to decrease 5-15% from the year-ago quarter.RPM International expects fiscal third-quarter earnings to reflect the ongoing raw material, freight, and wage inflation as well as the impact on sales volumes from operational disruptions due to the Omicron variant of COVID-19 and raw material shortages.Zacks RankRPM International currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.Some Better-Ranked Stocks From the Broader Construction SectorBeazer Homes USA, Inc. BZH currently sports a Zacks Rank #1. This Atlanta-based homebuilder continues to gain from strong operational execution and continued strength in the housing market.Beazer Homes has gained 48% over the past year. Earnings are expected to grow 23.7% for fiscal 2022.Quanta Services, Inc. PWR currently carries a Zacks Rank #2 (Buy). Based in Houston, TX, Quanta is gaining from a three-pronged growth strategy focusing on the timely delivery of projects to exceed customer expectations, leverage core business to expand in complementary adjacent service lines and enable the continuation of exploring new service lines. Overall, the company’s engineering and project management capabilities allow it to capitalize on market trends that are currently skewed toward the engineering, procurement and construction or EPC model.Quanta has gained 43.1% over the past year. Earnings are expected to grow 28.3% for 2022.United Rentals, Inc. URI currently carries a Zacks Rank #2. Based in Stamford, CT, this company is the largest equipment rental company in the world. It has been benefiting from broad-based growth across its verticals, with persistent growth opportunities for certain non-residential verticals including datacenter, healthcare and warehouse projects.United Rentals’ shares have gained 26.6% over the past year. Earnings are expected to grow 21.3% for 2022. Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through November, the Zacks Top 10 Stocks gained an impressive +962.5% versus the S&P 500’s +329.4%. Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.Be First To New Top 10 Stocks >>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 Quanta Services, Inc. (PWR): Free Stock Analysis Report Beazer Homes USA, Inc. (BZH): Free Stock Analysis Report United Rentals, Inc. (URI): Free Stock Analysis Report RPM International Inc. (RPM): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 6th, 2022

Consumer Staples May Foreshadow What"s To Come In 2022

Consumer Staples May Foreshadow What's To Come In 2022 The price action in the stock market has been fast and furious as investors have positioned their portfolios for the new year. Sector rotation has been on full display, with institutions foregoing growth and technology names and shifting to more defensive positions. Below we can see the S&P sector performance over the past month.Image Source: Zacks Investment ResearchAfter lagging for the better part of 2021, the consumer staples sector is leading the pack over this timeframe and is breaking out to new all-time highs. New highs are a sign of strength; many staples have completed large bases and are climbing into new ground on above-average volume, which serves as another sign that this safeguarding move may have more room to run.The Consumer Staples Sector SPDR ETF (XLP) is showing resilience recently and is up nearly 20% in the past year. XLP has outperformed over the past month and is showing no signs of a peak in the movement. We are going to explore three XLP constituents that are also breaking out to new all-time highs.Image Source: Zacks Investment ResearchWhile the recent performance is a positive for staples, it’s important to note that defensive sectors leading could potentially be a warning sign. Most investors are expecting the growth names that were beat up last year to rebound in 2022, but as we know the crowd is usually wrong. Trends can persist for much longer than most investors would expect. When staples and utilities have broke new ground in the past whilst technology has lagged, history has shown that increased volatility may be in store in the coming months. Prior non-recessionary periods in which the S&P 500 experienced negative returns have tended to coincide with defensive sector outperformance.At this point, this line of thinking is something to keep an eye on rather than eyeing a complete portfolio overhaul. Volatility is still relatively muted after spiking in late November. As investors we want to maintain maximum flexibility and adjust our gameplan as necessary. Rather than initiate a knee-jerk reaction, it’s important to keep an open mind about multiple potential outcomes.Let’s dive deeper into three well-established staples that are each making new all-time highs.PepsiCo, Inc. (PEP)PepsiCo is engaged in the manufacturing, marketing, and distribution of grain-based snack foods, beverages and related products. The company’s food and beverage portfolio includes well-known brands such as Frito-Lay, Pepsi-Cola, Gatorade, Quaker and Tropicana. PepsiCo serves a variety of distributors, grocery and drug stores, mass merchandisers, membership stores, and internet retailers through a network of direct-store-delivery, warehouse, and e-commerce platforms. PEP was founded in 1898 and is headquartered in Purchase, NY.PEP has strung together a notable history of earnings beats, exceeding estimates in each quarter for the past five years running. The company has delivered an average beat of +6.51% over the past four quarters. PEP most recently reported EPS of $1.79 back in October, a +3.47% surprise over consensus. PEP is breaking out to new all-time highs and is up nearly 24% in the past year.PepsiCo, Inc. Price, Consensus and EPS Surprise PEP management raised its guidance for full-year 2021 revenues amid market share growth in the liquid refreshment beverage category. The company now expects organic revenue growth of 8% compared to the 6% growth anticipated earlier in the year. The Zacks Consensus Estimate for 2021 revenues now stands at $78.54 billion, which would translate to 11.6% growth relative to last year. Image Source: Zacks Investment ResearchPEP is due to report its final 2021 quarterly earnings on February 10th. The EPS Consensus Estimate sits at $6.25, representing a 13.22% growth rate when compared to 2020 EPS.The Coca-Cola Co. (KO)The Coca-Cola Company manufactures, markets, and sells various nonalcoholic beverages worldwide. KO is the world’s largest total beverage company and includes household names such as Dasani waters, Del Valle juices and nectars, Fanta, Gold Peak teas and coffees, Honest Tea, Minute Maid juices, Powerade sports drinks, Simply juices, Sprite, and Vitaminwater. The company operates through a diverse network of distributors, wholesalers, and retailers. KO was founded in 1886 and is headquartered in Atlanta, GA.A Zacks #2 Buy stock, KO has surpassed earnings estimates in each of the last eighteen quarters, with an average positive surprise of 14% in the past year. The Coca-Cola Company most recently reported EPS of $0.65 in October, a +12.07% surprise over consensus. KO shares have climbed nearly 21% over the past year and are currently hitting all-time highs.CocaCola Company The Price, Consensus and EPS Surprise KO is slated to report its final set of 2021 quarterly earnings on February 9th. The Zacks Consensus Estimate is anticipating growth of 16.92% (EPS of $2.28) when compared to 2020.Keurig Dr. Pepper, Inc. (KDP)Keurig Dr. Pepper operates as a global beverage company. KDP manufactures and distributes non-alcoholic beverages, offering soft drinks, teas, juices, mixers, waters and other beverages. Its well-known brands include Dr. Pepper, Green Mountain Coffee Roasters, Canada Dry, Snapple, and Bai. The company also creates and distributes various finished goods related to its coffee systems including brewers, K-Cup pods, and special coffee. KDP was founded in 1981 and is dually headquartered in Burlington, MA and Frisco, TX.KDP has either met or exceeded earnings estimates in each of the last fourteen quarters. The company has posted a trailing four-quarter average surprise of +1.66%. KDP shares have followed suit, advancing 21.66% over the past year. Keurig Dr Pepper, Inc Price, Consensus and EPS Surprise With over 25,000 employees, KDP operates more than 120 offices, manufacturing plants, warehouses and distribution centers in North America. Management raised its sales view for 2021 and reiterated its earnings guidance. The Zacks Consensus Estimate for 2021 revenues calls for an 8.47% increase relative to 2020.KDP is scheduled to release its final 2021 quarterly earnings on February 24th. Analysts are expecting EPS of $1.60, growth of 14.29%.The Consumer Staples sector is outperforming the general market in recent weeks. These three long-term winners are all breaking out and likely still have room to run. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>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 CocaCola Company The (KO): Free Stock Analysis Report PepsiCo, Inc. (PEP): Free Stock Analysis Report Keurig Dr Pepper, Inc (KDP): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 5th, 2022

Acuity Brands (AYI) to Post Q1 Earnings: What to Expect

Strength in go-to-market channels is likely to have aided Acuity Brands' (AYI) fiscal first-quarter earnings. Acuity Brands, Inc. AYI is slated to announce first-quarter fiscal 2022 results on Jan 7, before the opening bell.In the last reported quarter, its adjusted earnings topped the Zacks Consensus Estimate by 13.2% and revenues beat the same by 1.8%. On a year-over-year basis, the top and bottom lines improved 39.1% and 11.4%, respectively.Markedly, the company beat earnings expectations in the trailing six quarters.Trend in Estimate RevisionFor the quarter to be reported, the Zacks Consensus Estimate for earnings per share has gained 0.4% to $2.37 over the past 30 days. The estimated figure indicates an increase of 16.8% from $2.03 per share reported in the year-ago quarter. The consensus mark for revenues is pegged at $895.5 million, suggesting a 13.1% increase from the year-ago reported figure of $792 million.Acuity Brands Inc Price and EPS Surprise Acuity Brands Inc price-eps-surprise | Acuity Brands Inc QuoteFactors to NoteAcuity Brands’ first-quarter fiscal 2022 earnings are likely to have registered year-over-year growth owing to strength in go-to-market channels and its product portfolio and robust improvement in the economy. Also, effective cost management and price increase across the portfolio might have added to the positives. Segment wise, it remains confident of Acuity Brands Lighting and Lighting Controls "ABL" as well as Intelligent Spaces Group "ISG" businesses.The company has been focusing on investment in product development. It introduced new lighting and controls products as well as improved and evolved certain parts of the product and solutions portfolio. These products use fewer inputs and are highly mobile. Some of the products are globally sourced, while others are manufactured in the company’s own facilities to mitigate supply chain complexity. These moves are likely to have contributed to fiscal fourth-quarter revenues.Yet, AYI is likely to have witnessed higher raw materials cost, supply chain interruptions for electrical components and a significant escalation in freight costs in the fiscal first quarter.What Our Model IndicatesOur proven model predicts an earnings beat for Acuity Brands this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the odds of an earnings beat. You can see the complete list of today’s Zacks #1 Rank stocks here.Currently, the company has a Zacks Rank #2 and an Earnings ESP of +3.52%. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.Other Stocks With Favorable CombinationAccording to our model, here are some other companies that too have the right combination of elements to post an earnings beat in their respective quarters to be reported.Weyerhaeuser Company WY is one of the leading U.S. forest product companies. The company has been benefiting from solid new residential construction activity, which in turn is leading to improved demand. Also, its focus on operational excellence has been advantageous over time.WY, which currently sports a Zacks Rank #1, has an Earnings ESP of +5.44%.Boise, ID-based Boise Cascade Company BCC — which makes wood products and distributes building materials in the United States as well as Canada — is aided by factors like favorable commodity wood products, pricing, and robust construction activity.BCC has an Earnings ESP of +3.21% and holds a Zacks Rank #2, at present.Stamford, CT-based United Rentals, Inc. URI is the largest equipment rental company in the world, with an integrated network of 1,278 rental locations in United States, Canada and Europe. The company primarily banks on broad-based growth across AYI’s verticals, with persistent growth opportunities for certain non-residential verticals including datacenter, healthcare and warehouse projects.URI has an Earnings ESP of +6.26% and currently carries a Zacks Rank #2. Zacks’ Top Picks to Cash in on Artificial Intelligence This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>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 Weyerhaeuser Company (WY): Free Stock Analysis Report United Rentals, Inc. (URI): Free Stock Analysis Report Boise Cascade, L.L.C. (BCC): Free Stock Analysis Report Acuity Brands Inc (AYI): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksJan 4th, 2022

Roku Partners With Sharp to Launch Sharp Roku TV Models

Roku (ROKU) announces its strategic partnership with Sharp to launch Sharp Roku TV models. The models are integrated with Roku OS, the leading smart TV OS in the United States. Roku, Inc. ROKU announced that Roku Operating System (OS) was the #1 smart TV OS sold in the United States, for the second year in a row.The news has been released by the American Market Research company, The NPD Group’s Retail Tracking Service, and is based on the data available from Jan 3, 2021, to Dec 4, 2021.In addition, Roku announced a partnership with the Japanese multinational firm Sharp to bring Sharp Roku TV models to customers in the United States.Sharp will leverage Roku’s TV hardware design and Roku OS to launch a series of 4K and HD TV models in 2022.The Sharp Roku TV models will have integrated Roku OS and offer customizable home screens. It will also be compatible with three major voice ecosystems and consumers will have access to over thousand channels, including 200 live TV channels.In line with the company’s expansion goal in early 2022, the Roku TV licensing program in Mexico will be expanded to include a total of 10 brands with the addition of HKPRO and Aiwa.Roku, Inc. Price and Consensus  Roku, Inc. price-consensus-chart | Roku, Inc. Quote Global TV Footprint Expansion Aids ProspectsRoku has been focused on expanding it Roku TV footprint globally.The company continues to partner with global brands to extend its TV licensing program, which is anticipated to drive Roku TV momentum growthThe Roku TV licensing program provides OEMs and TV brands and convenient and cost-effective way to produce good quality smart TVs at competitive price points.In the past few years, the sale of Roku TV models by the company’s TV brand partners has materially contributed to its active account growth, streaming hours and platform monetization efforts.Previously Roku had partnered with 15 global brands to launch Roku TV models in Canada, Mexico and the United States in 2020. The Roku TV brands included Walmart’s Atvio, Hisense, Hitachi, Element, InFocus, JVC, Philips, Polaroid, Magnavox, onn., RCA, Sanyo, TCL and Westinghouse.In 2021, Roku partnered with TCL Electronics to launch Roku TV models in the U.K.In the same year, Roku entered into a strategic partnership with SEMP TCL, the Brazil-based joint venture electronics company.Per the agreement, TCL extended its global partnership with Roku to launch Roku TV models in Brazil, and introduced a new lineup of SEMP Roku TV models in the country.Building on this momentum, Roku plans to expand its TV footprint in Latin America, Chile and Peru with Roku TV models in the next few years.In 2020, Roku generated $510.6 million player revenues with a 31.6% year-over-year increase in the volume of players sold. Nearly one in three smart TVs sold in the United States were Roku TVs.In third-quarter 2021, the player segment witnessed a 26% year-over-year decline in player revenues. This was majorly due to global supply chain disruptions that impacted the U.S. TV market. As a result, some of the Roku TV OEM partners witnessed inventory channels, which affected TV sales in the reported quarter.Zacks Rank and Stocks to ConsiderCurrently, Roku holds a Zacks Rank #3 (Hold).Roku’s shares have declined 30.5% against the Zacks Broadcast Radio and Television industry’s return of 7.4% and the Consumer Discretionary sector’s decline of 10.1% year to date.The Zacks Consensus Estimate for Roku’s fourth-quarter fiscal 2021 earnings is pegged at 1 cent per share, which has been steady for the last 60 days. For fiscal 2021, earnings estimates have moved north by 1.3% to $1.55 per share in the past 60 days.Some of the better-ranked stocks in the Zacks Consumer Discretionary sector are BJ’s Wholesale Club BJ and Caleres CAL, both sporting a Zacks Rank #1 (Strong Buy), and Electronic Arts EA carrying a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.BJ’s Wholesale Club, an American membership-only warehouse club chain, has a trailing four-quarter earnings surprise of 17.72% on average.Caleres, engaged in manufacturing footwear, has a trailing four-quarter earnings surprise of 796.16%, on average.Electronic Arts, an American video game company, has a trailing four-quarter earnings surprise of 11.72% on average. Zacks’ Top Picks to Cash in on Artificial Intelligence This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>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 BJ's Wholesale Club Holdings, Inc. (BJ): Free Stock Analysis Report Electronic Arts Inc. (EA): Free Stock Analysis Report Caleres, Inc. (CAL): Free Stock Analysis Report Roku, Inc. (ROKU): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksJan 4th, 2022

5 Stocks With Immense Earnings Growth Prospects in 2022

Investing in companies with earnings growth potential is the right choice in the current environment. Tesla (TSLA), Costco (COST), Accenture (ACN), McDonald's (MCD) and Advanced Micro Devices (AMD) show strong earnings growth potential. The hardships faced in the past two years, be it the spread of COVID-19 in 2020 or the resurgence of the Delta variant and supply-chain mishaps in 2021, have prepared investors for all possible situations. As investors look forward to 2022, their investments will be focused on the recovering sectors. Investors will bank on the stocks that not only have the potential to benefit from the accelerating economic recovery but also are capable of withstanding the newer COVID-related disruptions, including the rise of the Omicron variant.The overall outlook for the markets remains good for 2022, with strong growth seen throughout 2021, as most companies rebound from the lockdown-led declines of 2020. Notably, the S&P 500 raked in 23.2% growth in the past year, the Dow Jones grew 14.6% and Nasdaq rose 21.3%. The mass inoculation drive, stimulus payments, improved labor market, the Federal Reserve’s (“Fed”) accommodative monetary policy and the resumption of business activities did the magic for the markets after slowed growth in early 2021.However, investors will be mindful of factors that may threaten their portfolios, including inflation and Fed’s policies. Inflation is likely to be a significant drawback in 2022, as the Fed’s low-rate policies are expected to fade, with a rate hike expected soon. Amid the current supply-chain woes and rising inflation, companies are expecting to maintain their earnings growth scores with price increases. Therefore, companies with strong earnings growth potential can be good investment options.How Can a Focus on Earnings Benefit?Even if the economic dynamics go south, companies with earnings growth potential are expected to be lucrative picks. Notably, earnings growth has been remarkably high in 2021 than the pandemic-driven 2020. Per the latest Zacks Earnings Trends report, the S&P 500 index’s earnings are estimated to increase 45.4% year over year, whereas it witnessed a 13% earnings decline in 2020.Companies have benefited from the reopening of businesses and offices with the rollout of vaccines, resulting in smoother economic recovery in most sectors. Robust earnings growth in 2021 resulted in strong shareholder returns as the markets continued to pick up.The Zacks Earnings Trend report suggests the S&P 500 index’s earnings growth of 8.7% for 2022 on a 7.4% increase in revenues.As the government withdraws the stimulus payments that made life easier for people amid the pandemic, experts expect slowed economic growth in 2022. However, the recovery is likely to be driven by tailwinds like the strong cash position of consumers and pent-up demand. Not to mention, businesses are expected to benefit from high liquidity and lower debt levels along with the gradual easing of supply bottlenecks as 2021 comes to an end. These factors are anticipated to aid earnings growth of companies to a large extent.Our PicksGiven the current tricky environment, investors will need to be vigilant in picking stocks that position their portfolios for growth in 2022. At this time, investing in stocks with more resiliency in terms of earnings growth could be beneficial.With the help of the Zacks Stock Screener, we have selected a few stocks with a Zacks Rank #1 (Strong Buy) or #2 (Buy) that have robust earnings growth projections for 2022. To narrow down the list, we have taken those stocks with a market cap of more than $100 million and a Growth Score of A or B.You can see the complete list of today’s Zacks #1 Rank stocks here. Image Source: Zacks Investment Research Tesla Inc. TSLA, with a market capitalization of $1,071.6 billion, has shifted from developing niche products for affluent buyers to making more affordable EVs for the masses. The electric vehicle (“EV”) leader’s three-pronged business model approach of direct sales, servicing and charging its EVs sets it apart from the other carmakers. Tesla is the market leader in battery-powered electric car sales in the United States, owning around 60% of the market share. The company’s strong earnings prospects are based on continued growth in automotive revenues as well as gains in energy generation and storage revenues.Tesla delivered an earnings surprise of 25.4%, on average, in the trailing four quarters. The Zacks Consensus Estimate for TSLA’s 2022 earnings reflects growth of 30.5% from the 2021 predicted level. The company currently sports a Zacks Rank #1. It has rallied 64.2% in a year. TSLA has a 3-5 year expected earnings growth rate of 37.5% and a Growth Score of A.Costco Wholesale Corporation COST has a market cap of $244.1 billion. The company, based in Issaquah, WA, is one of the largest warehouse club operators in the United States. COST’s strategy to sell products at heavily discounted prices has helped it remain on a growth track as cash-strapped customers reckon Costco as a viable option for low-cost necessities. Costco’s growth strategies, improved price management, decent membership trends and increasing penetration of the e-commerce business have been contributing to its performance.The Zacks Consensus Estimate for Costco’s next fiscal year’s earnings mirrors a rise of 9.7% from the current year’s expected level. The company delivered an earnings surprise of 8.3%, on average, in the trailing four quarters. COST currently carries a Zacks Rank #2. The company has risen 51.2% in a year. It has a 3-5 year expected earnings growth rate of 8.8% and a Growth Score of A.Accenture Plc ACN has evolved as a trusted and viable consulting services provider through years of investment in digital, cloud and security strategy. The company has been steadily gaining traction in its outsourcing and consulting businesses, backed by high demand for services that can improve operating efficiencies and save costs. The company has been strategically enhancing its cloud and digital marketing suite through buyouts and partnerships.Accenture, with a market cap of $255 billion, delivered an earnings surprise of 5.3%, on average, in the trailing four quarters. The Zacks Consensus Estimate for ACN’s next fiscal year’s earnings indicates year-over-year growth of 10.5%. The company currently carries a Zacks Rank #2. It has rallied 61.2% in the past year. ACN has a 3-5 year expected earnings growth rate of 10% and a Growth Score of B.McDonald’s Corp. MCD, with a market cap of $198.7 billion, is a leading fast-food chain that currently operates more than 39,000 restaurants in above 100 countries. Robust drive-thru presence, and its investments in delivery and digitization over the past few years have aided the company in countering the pandemic. Robust digitalization will help McDonald’s drive long-term growth and capture market share.The Zacks Consensus Estimate for MCD’s 2022 earnings reflects growth of 7.3% from 2021’s anticipated level. McDonald’s delivered an earnings surprise of 6.8%, on average, in the trailing four quarters. MCD currently carries a Zacks Rank #2. It has increased 26.1% in a year. The company has a 3-5 year expected earnings growth rate of 11.4% and a Growth Score of B.With a market cap of $176.5 billion, Advanced Micro Devices AMD has strengthened its position in the semiconductor market on the back of its evolution as an enterprise-focus company from a pure-bred consumer-PC chip provider. AMD is benefiting from strong sales of its Ryzen and EPYC server processors, owing to the increasing proliferation of AI and Machine Learning in industries like cloud, gaming and supercomputing domains. The growing clout of 7-nanometer (nm) products in the data center vertical, driven by work-from-home and online learning trends, is a key catalyst.Advanced Micro Devices delivered an earnings surprise of 14%, on average, in the trailing four quarters. The Zacks Consensus Estimate for AMD’s 2022 earnings indicates year-over-year growth of 24.4%. The company currently carries a Zacks Rank #2. It has rallied 70.4% in the past year. The company has a 3-5 year expected earnings growth rate of 46.2% and a Growth Score of A. Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through November, the Zacks Top 10 Stocks gained an impressive +962.5% versus the S&P 500’s +329.4%. Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.Be First to New Top 10 Stocks >>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 Advanced Micro Devices, Inc. (AMD): Free Stock Analysis Report Accenture PLC (ACN): Free Stock Analysis Report McDonald's Corporation (MCD): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report Tesla, Inc. (TSLA): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 28th, 2021

Amazon (AMZN) to Boost Fulfillment Strength With Latest Move

Amazon (AMZN) leases a warehouse space in sync with its growing efforts to bolster its distribution strength. Amazon AMZN continues to hold the leading position in the e-commerce market on the back of its robust retail strategies, solid momentum among third-party sellers, advanced technologies and, most importantly, expanding fulfillment network.The company has leased a warehouse space in Bridgewater, MA, in sync with its growing efforts to bolster its distribution strength.Notably, the company already operates two warehouses — one in Fall River and another in Stoughton.The underlined warehouses will expand the e-commerce giant’s capability of fulfilling the increasing online customer orders on time.This, in turn, will likely contribute to the company’s online retail business growth as well as drive its customer momentum.Amazon.com, Inc. Price and Consensus  Amazon.com, Inc. price-consensus-chart | Amazon.com, Inc. QuoteAmazon to GainNotably, the company has been spending heavily to build and modernize fulfillment centers and delivery stations primarily to cut shipping costs and speed up delivery. This has been contributing to the performance of its online retail business — the backbone of its overall business. This, in turn, has aided the company in gaining investor confidence.Coming to the price performance, Amazon has gained 5% on a year-to-date basis against the industry’s decline of 34.4%.The momentum is likely to continue driven by the company’s aggressive retail initiatives and strategic plans.Hence, the latest move is likely to benefit the operation of Amazon.Wrapping UpThe world’s largest online retailer has been strengthening its presence worldwide.In our view, Amazon must maintain its U.S. market share, while expanding globally to retain its leading position. To this end, the company needs to continue investing more in fulfillment centers as these giant warehouses help online retailers store and ship products, and handle returns quickly.Strengthening the delivery system remains crucial for the e-commerce giant in this fast-paced world.These are important for providing the standard of service that customers have started expecting from Amazon. We believe that all these will continue to aid the company’s dominance in the highly competitive e-commerce market.Escalating expenditure related to fulfillment remains another major concern for Amazon. Notably, the company’s cost of fulfillment increased 25.8% year over year to $18.5 billion in third-quarter 2021.Zacks Rank & Stocks to ConsiderCurrently, Amazon carries a Zacks Rank #5 (Strong Sell).Some better-ranked stocks in the retail-wholesale sector are Boot Barn BOOT, Target TGT and Costco Wholesale COST. While Boot Barn currently sports a Zacks Rank #1 (Strong Buy), Target and Costco carry a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Boot Barn has gained 169.5% on a year-to-date basis. The long-term earnings growth rate for the BOOT stock is currently projected at 20%.Target has gained 25.2% on a year-to-date basis. The long-term earnings growth rate for the TGT stock is currently projected at 14.4%.Costco has gained 46.1% on a year-to-date basis. The long-term earnings growth rate for the COST stock is currently projected at 8.78%. Infrastructure Stock Boom to Sweep America A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made. The only question is “Will you get into the right stocks early when their growth potential is greatest?” Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.Download FREE: How to Profit from Trillions on Spending for Infrastructure >>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 Amazon.com, Inc. (AMZN): Free Stock Analysis Report Target Corporation (TGT): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksDec 27th, 2021

Forget Gap (GPS), Buy These 3 Apparel Retail Stocks in 2022

Industry-wide supply-chain woes and port congestions are affecting retailers, including Gap. However, certain players are still benefiting from a unique omni-channel mantra. Gap Inc. GPS is likely to end 2021 on a bitter note. This renowned Zacks Rank #5 (Strong Sell) apparel and accessories retailer fell out of investors’ favor, thanks to supply-chain bottlenecks, elevated costs and pandemic-led disruptions. Soft third-quarter fiscal 2021 results due to the said headwinds and a tepid fiscal 2021 view took the sheen out of the stock. Consequently, the stock lost 14.9% in the past year, wider than the Zacks Retail – Apparel and Shoes industry’s 11.4% decline. The stock has decreased 29.7% in the past three months.Let’s delve deeper.Gap in Troubled WatersIndustry-wide global supply-chain disruptions, including factory closures and increased port congestions causing major product delays are persistently ruining GPS’s performance. Pandemic-led factory shutdowns, primarily in Vietnam where the company sources a significant amount of product, dampened results for the fiscal third quarter. Such limitations hurt Gap’s efficacy to fulfill robust customer demand in the reported quarter. Consequently, GPS reported weaker-than-expected top and bottom-line numbers for third-quarter fiscal 2021. Net sales also decreased year over year from the 2019 pre-COVID levels on unimpressive performances of Gap Global and Banana Republic brands.Additionally, Gap continues witnessing higher operating expenses due to increased advertising costs to accelerate new initiatives, elevated digital-innovation costs and a rise in performance-based compensation. Also, increased investments in demand generation like marketing are shooting up the costs. To efficiently meet customers’ needs, Gap chose airfreight for a major portion of assortment, which bore extreme transitory costs in the fiscal third quarter. Higher investments in airfreight to compete in the holiday period might escalate costs and hurt overall profitability.Image Source: Zacks Investment ResearchInduced by lackluster third-quarter results and anticipation of unrelenting supply-chain constraints, Gap slashed its view for fiscal 2021. It now envisions adjusted earnings of $1.25-$1.40, down from $2.10-$2.25 per share projected earlier. GAAP earnings per share are expected to be 45-60 cents, down from the earlier predicted $1.90-$2.05. GPS expects an adjusted operating margin of 5%, down from the 7% mentioned earlier. Management now expects fiscal 2021 revenue increase to be about 20% versus fiscal 2020. The same is down from 30% projected earlier. The latest view includes an expected $550-$650 million of lost sales from supply-chain challenges on available inventory and a roughly $450 million of total airfreight expenses for the fiscal year.The Zacks Consensus Estimate for Gap’s current and next-year earnings is currently pegged at $1.35 and $2.05, respectively. The consensus estimates have been revised 14% and 6.8% downward over the past 30 days, indicating analysts’ pessimism. Also, the consensus mark for the fourth quarter has been widened to a loss of 12 cents from 2 cents in 30 days. We note that GPS is focused on Power Plan 2023 strategy, and is leveraging higher airfreight expenses and port diversification to navigate delivery challenges. However, supply-chain concerns and cost pressures indicate that the stock is not likely to revert to growth anytime soon.A Glance at the IndustryPlayers in the Retail – Apparel and Shoes industry has been battling pandemic-led supply-chain woes at greater lengths. Although factory closures in Vietnam are affecting most players in the industry, some companies are giving a tough fight to these oppositions and standing firm to script success.The global economy is recovering from the deadly pandemic, so is the fashion world. Apparel and accessories companies are enhancing stores and omni-channel capabilities, reworking on assortments to meet the emerging trends and making logistical improvements. Industry players are opting for innovations in brands and products, scaling e-commerce operations, bettering warehouse and distribution center network, and adopting a more consumer-centric approach.In addition, initiatives like loyalty program and marketing endeavors coupled with expedite-delivery options, be it doorstep delivery, curbside pickup or buy online and pick up at store, are worth mentioning.Based on the aforesaid catalysts, we shortlisted three winners from the Retail – Apparel and Shoes industry that are performing outstandingly and appear well poised for growth amid these uncertain times. The industry currently carries a Zacks Industry Rank of 46 and is placed among the top 18% of more than 250 Zacks industries.Image Source: Zacks Investment ResearchProminent Stocks to Bank onBoot Barn Holdings, Inc.’s BOOT growth efforts including better price management, merchandising strategy and increasing penetration of e-commerce business have been contributing to its performance for a while. Thus, BOOT is able to cash in on robust consumer demand and grab a higher market share. Cumulatively, the aforesaid factors drove this lifestyle apparel and accessories retailer’s same-store sales for the last few quarters now. Boot Barn is rapidly adopting the omni-channel mantra to provide a seamless shopping experience. Over the past year, the stock has returned 169.8%.Boot Barn has a trailing four-quarter earnings surprise of 35.3%, on average. This presently Zacks Rank #1 (Strong Buy) player has an estimated long-term earnings growth rate of 20%. The Zacks Consensus Estimate for BOOT’s next financial year sales and EPS suggests growth of 0.9% and 1.5%, respectively, from the corresponding year-ago readings. You can see the complete list of today’s Zacks #1 Rank stocks here.Luxury accessories retailer Tapestry TPR has been deepening engagement with consumers, creating innovative and compelling products, venturing into under-penetrated markets and enhancing data-analytics capabilities. Impressively, sturdy customer engagement and higher demand for its brands are steadily yielding results. Tapestry’s Coach, Kate Spade and Stuart Weitzma brands have been standing out for a while. Management believes that strength in Digital and China remain the two key drivers. Solid team effort and transformational efforts to become a more consumer-centric firm through smooth progress on Acceleration Program are likely to retain the stock’s momentum ahead. Tapestry’s shares have surged 33.7% in the past year.Tapestry has a trailing four-quarter earnings surprise of 29%, on average. This presently Zacks Rank #1 stock has an estimated long-term earnings growth rate of 12.3%. The Zacks Consensus Estimate for TPR’s next financial year sales and EPS suggests growth of 4.8% and 12.2%, respectively, from the corresponding year-ago reported figures.Lastly, we have Capri Holdings Limited CPRI, which is consistently deploying resources to boost product offerings, deepen customer engagement and enhance omni-channel, including digital efforts. Robust execution of the strategic initiatives coupled with continued strength in its Versace, Jimmy Choo and Michael Kors brands are contributing to the stock rally on the bourses. Benefiting from these endeavors, the stock has jumped 43.2% in the past year.Capri Holdings has a significant average earnings surprise in the trailing four quarters. This currently Zacks Rank #2 (Buy) stock has an estimated long-term earnings growth rate of 32.5%. The Zacks Consensus Estimate for CPRI’s next financial-year sales and EPS implies growth of 9.5% and 14.1%, respectively, from the corresponding year-ago actuals. Zacks Top 10 Stocks for 2022 In addition to the investment ideas discussed above, would you like to know about our 10 top picks for the entirety of 2022? From inception in 2012 through November, the Zacks Top 10 Stocks gained an impressive +962.5% versus the S&P 500’s +329.4%. Now our Director of Research is combing through 4,000 companies covered by the Zacks Rank to handpick the best 10 tickers to buy and hold. Don’t miss your chance to get in on these stocks when they’re released on January 3.Be First to New Top 10 Stocks >>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 The Gap, Inc. (GPS): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report Tapestry, Inc. (TPR): Free Stock Analysis Report Capri Holdings Limited (CPRI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 27th, 2021

What Makes BJ"s (BJ) a New Strong Buy Stock

BJ's (BJ) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #1 (Strong Buy). BJ's Wholesale Club (BJ) could be a solid choice for investors given its recent upgrade to a Zacks Rank #1 (Strong Buy). This upgrade is essentially a reflection of an upward trend in earnings estimates -- one of the most powerful forces impacting stock prices.The sole determinant of the Zacks rating is a company's changing earnings picture. The Zacks Consensus Estimate -- the consensus of EPS estimates from the sell-side analysts covering the stock -- for the current and following years is tracked by the system.Since a changing earnings picture is a powerful factor influencing near-term stock price movements, the Zacks rating system is very useful for individual investors. They may find it difficult to make decisions based on rating upgrades by Wall Street analysts, as these are mostly driven by subjective factors that are hard to see and measure in real time.Therefore, the Zacks rating upgrade for BJ's basically reflects positivity about its earnings outlook that could translate into buying pressure and an increase in its stock price.Most Powerful Force Impacting Stock PricesThe change in a company's future earnings potential, as reflected in earnings estimate revisions, has proven to be strongly correlated with the near-term price movement of its stock. The influence of institutional investors has a partial contribution to this relationship, as these big professionals use earnings and earnings estimates to calculate the fair value of a company's shares. An increase or decrease in earnings estimates in their valuation models simply results in higher or lower fair value for a stock, and institutional investors typically buy or sell it. Their transaction of large amounts of shares then leads to price movement for the stock.Fundamentally speaking, rising earnings estimates and the consequent rating upgrade for BJ's imply an improvement in the company's underlying business. Investors should show their appreciation for this improving business trend by pushing the stock higher.Harnessing the Power of Earnings Estimate RevisionsEmpirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock movements, so it could be truly rewarding if such revisions are tracked for making an investment decision. Here is where the tried-and-tested Zacks Rank stock-rating system plays an important role, as it effectively harnesses the power of earnings estimate revisions.The Zacks Rank stock-rating system, which uses four factors related to earnings estimates to classify stocks into five groups, ranging from Zacks Rank #1 (Strong Buy) to Zacks Rank #5 (Strong Sell), has an impressive externally-audited track record, with Zacks Rank #1 stocks generating an average annual return of +25% since 1988. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here >>>>.Earnings Estimate Revisions for BJ'sThis wholesale membership warehouse operator is expected to earn $3.18 per share for the fiscal year ending January 2022, which represents a year-over-year change of 2.9%.Analysts have been steadily raising their estimates for BJ's. Over the past three months, the Zacks Consensus Estimate for the company has increased 8.7%.Bottom LineUnlike the overly optimistic Wall Street analysts whose rating systems tend to be weighted toward favorable recommendations, the Zacks rating system maintains an equal proportion of 'buy' and 'sell' ratings for its entire universe of more than 4000 stocks at any point in time. Irrespective of market conditions, only the top 5% of the Zacks-covered stocks get a 'Strong Buy' rating and the next 15% get a 'Buy' rating. So, the placement of a stock in the top 20% of the Zacks-covered stocks indicates its superior earnings estimate revision feature, making it a solid candidate for producing market-beating returns in the near term.You can learn more about the Zacks Rank here >>>The upgrade of BJ's to a Zacks Rank #1 positions it in the top 5% of the Zacks-covered stocks in terms of estimate revisions, implying that the stock might move higher in the near term.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 BJ's Wholesale Club Holdings, Inc. (BJ): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 21st, 2021

4 Solid Retail Stocks to Buy in a Challenging Industry

The retail sector is trying to get back on its feet, with help from e-commerce, which is helping stocks like Boot Barn Holdings. (BOOT), Target (TGT), Costco Wholesale (COST) and Tapestry (TPR). The retail sector, which has been trying to make a steady comeback after taking a beating last year, slowed down in November. However, sales still have been growing despite challenges like the supply chain crisis.This saw retail sales growing again in November. Moreover, with the holiday still not over, sales are likely to get a further boost in the coming weeks. Given this situation, stocks like Boot Barn Holdings, Inc.BOOT, Target Corporation TGT, Costco Wholesale Corporation COST and Tapestry, Inc. TPR are likely to benefit in the near term.Retail Sales Grow in NovemberRetail sales, slowed down a bit but still grew 0.3% month over month in November the Commerce Department said on Dec 15. On a year-over-year-basis, retail sales grew 18.2% in November. This marked the fourth straight month of increase, indicating that people are willing to spend more but in a calculated way.Excluding gas and automobiles, retail sales grew 0.2%. The holiday season has always proved good for retailers. Sales haven’t been that impressive this year but there are enough reasons.The holiday season, unlike other years, started earlier this time, which saw people starting buying gifts as early as n October. Also, people are aware of the supply chain crisis, which saw them begin shopping for the holiday season a lot earlier. Retail sales thus registered its best figures in seven months in October, jumping an unexpected 1.8%.This somewhat slowed down the retail sales figures in November but overall retail sales still managed to grow, indicating that the economy is on track for a faster recovery.Retail Sector Poised to GrowThe supply chain crisis is just one of the many challenges being faced by several sectors, including retail, in the United States. People have continued to spend despite skyrocketing prices, helping the retail space. Earlier this month, the Labor Department said that the consumer price index jumped a staggering 6.4%, the biggest year-over-year jump since 1982.The retail sector had been left battered and bruised last year due to the pandemic. Since then, the sector has been trying to bounce back, thanks to e-commerce, which has so far played a major role in saving thousands of retailers.The pandemic also saw people shifting their shopping habits, as most people are shopping online. However, retail sales remained unchanged in November for the first time in months.With the economy opening, people have also been spending on holidaying and recreational activities. This saw both apparel and sales at restaurants and bars jump in November. Apparel sales grew 0.5%, while sales at restaurants increased 1% in November.Our Choices The retail sector is presently facing a number of challenges but its growth hasn’t stagnated, which is a good sign. In fact, with the economy still reopening and the holiday season far from over, the sector is poised to grow in the near term. Given this scenario, it would be ideal to invest in retail stocks with a strong online presence. We have hand-picked four stocks for you. Each of the stocks carries a Zacks Rank #1 (Strong Buy) or 2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Boot Barn Holdings, Inc. operates as a lifestyle retail chain devoted to western and work-related footwear, apparel and accessories. BOOT’s products include boots, denim, western shirts, cowboy hats, belts and belt buckles, and western-style jewelry and accessories. Boot Barn sells its products through bootbarn.com, an e-commerce Website. Boot Barn Holdings’ expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 25.7% over the past 60 days. Shares of BOOT have gained 22.9% in the past three months. Boot Barn Holdings carries a Zacks Rank #1.Tapestry, Inc. is the designer and marketer of fine accessories and gifts for women and men in the United States and internationally. TPR offers lifestyle products, which include handbags, women’s and men’s accessories, footwear, jewelry, seasonal apparel collections, sunwear, travel bags, fragrance and watches. Tapestry reported stronger-than-expected first-quarter fiscal 2022 earnings, thanks to robust demand and strong customer engagement. TPR posted first-quarter adjusted earnings of 82 cents a share, beating the Zacks Consensus Estimate of 69 cents.Tapestry’s expected earnings growth rate for the current year is more than 100%. The Zacks Consensus Estimate for current-year earnings has improved 11.5% over the past 60 days. Shares of TPR have gained 2.1% in the past three months. Tapestry sports a Zacks Rank #1.Costco Wholesale Corporation sells high volumes of food and general merchandise (including household products and appliances) at discounted prices through membership warehouses. Costco is one of the largest warehouse club operators in the United States. COST also operates e-commerce websites in the United States, Canada, the United Kingdom, Mexico, Korea, Taiwan, Japan and Australia.Costco Wholesale Corporation’s expected earnings growth rate for the current year is 13.2%. The Zacks Consensus Estimate for current-year earnings improved 5.6% over the past 60 days. Shares of COST have gained 19.2% in the past 30 days. Costco Wholesale Corporation has a Zacks Rank #2.Target Corporation has evolved from being a pure brick & mortar retailer to an omni-channel entity. TGT has been investing in technologies, improving websites and mobile apps, and modernizing the supply chain to keep pace with the changing retail landscape and better compete with pure e-commerce players.Target Corporation reported third-quarter fiscal 2021 earnings of adjusted earnings of $3.03 per share, beating the Zacks Consensus Estimate of $2.87 and rising 8.7% from the year-ago period. TGT’s total revenues for the quarter came in at $25,652 million, increasing 13.3% year over year and surpassing the Zacks Consensus Estimate of $24,906 million. Target Corporation’s expected earnings growth rate for the current year is 40%. The Zacks Consensus Estimate for current-year earnings has improved 2.6% over the past 60 days. Shares of TGT have advanced 26.5% year to date. Target carries a Zacks Rank #2. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 Target Corporation (TGT): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report Boot Barn Holdings, Inc. (BOOT): Free Stock Analysis Report Tapestry, Inc. (TPR): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 20th, 2021

In-Demand U.S. Recruiters Get Largest Bump in Real Wages

Adjusted for inflation, salaries offered to recruiters jumped by 14% from last year, according to an analysis Bloomberg — With 11 million job positions unfilled in the tight U.S. labor market, one profession is getting a particularly big bump in wages: recruiting. Adjusted for inflation, salaries offered to recruiters jumped by 14% from last year, according to an analysis of job postings in large metropolitan areas compiled by Revelio Labs. Other occupations that saw large gains in real wages include cleaners, restaurant managers and web developers. The data give some insight into how wages across more than 100 types of jobs are stacking up against the fastest inflation in decades. The main takeaway is that while nationwide hourly earnings are falling when adjusted for inflation, job switchers and new hires in sought-after industries are getting raises that outpace the recent surge in consumer prices. [time-brightcove not-tgx=”true”] “The need for recruiters is indicative of the fact there’s such high demand for these other jobs,” said Traci Fiatte, head of professional and commercial staffing at Randstad USA. Some of the biggest wage gains came from sectors that suffered large job losses at the onset of the Covid-19 pandemic. Workers moved on to other industries, which left employers struggling to fill positions when the economy bounced back. Many of the top 15 occupations are white collar or managerial. Amid the work-from-home boom, web developers and software consultants taking new jobs saw strong wage growth. So have educators. By contrast, some lower-paid workers are getting smaller bumps, the data show. Pay for distribution specialists, a group that includes warehouse workers, has increased 1% in inflation-adjusted terms, and wages for cashiers are barely keeping up with inflation. Revelio Labs, which collects and analyzes workforce data, adjusted salaries in job postings across the nation’s largest metro areas by the Labor Department’s corresponding local consumer price index. The September or October CPI was used depending on the location, as many cities report the data every other month. Occupations were combined into 150 job types, which were weighted by their prevalence in each city. Higher wages in job ads are helping to fuel turnover, as skilled workers leave their employers for better-paid positions elsewhere. The data put the spotlight on the contrast between new hires and existing workers at a time of high inflation. “Companies aren’t raising the wages of their incumbent and tenured staff to the same degree,” said Raleen Gagnon, vice president of global market intelligence at ManpowerGroup Inc. “They leave the rest of their organization vulnerable to someone else coming in and poaching their talent.” New hires in high-demand sectors are also getting added benefits. The share of job offers that include signing bonuses, retirement plans, flexible schedules, and remote work has increased since 2019, according to Julia Pollak, chief economist at ZipRecruiter Inc. Looking into 2022, economists expect labor supply woes to persist. That will ultimately keep pressure on companies to keep raising pay to fill positions — and to retain their existing workers. Many companies have room to raise wages further. In the past two quarters, U.S. corporations outside of the finance industry posted their fattest margins since 1950, even after businesses raised salaries. At a press briefing on Dec. 15, Federal Reserve Chair Jerome Powell said his colleagues are monitoring the risks of real-wage growth outpacing productivity gains, which would feed into inflation. So far wages aren’t a major factor in the current surge in consumer prices, he added. “Because of how hot the job market is, workers have more negotiating power heading into 2022,” said Daniel Zhao, senior economist at Glassdoor......»»

Category: topSource: timeDec 19th, 2021

Costco (COST) Q1 Earnings and Revenues Beat Estimates

Costco (COST) delivered earnings and revenue surprises of 14.67% and 0.68%, respectively, for the quarter ended November 2021. Do the numbers hold clues to what lies ahead for the stock? Costco (COST) came out with quarterly earnings of $2.97 per share, beating the Zacks Consensus Estimate of $2.59 per share. This compares to earnings of $2.29 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 14.67%. A quarter ago, it was expected that this warehouse club operator would post earnings of $3.55 per share when it actually produced earnings of $3.90, delivering a surprise of 9.86%.Over the last four quarters, the company has surpassed consensus EPS estimates three times.Costco, which belongs to the Zacks Retail - Discount Stores industry, posted revenues of $50.36 billion for the quarter ended November 2021, surpassing the Zacks Consensus Estimate by 0.68%. This compares to year-ago revenues of $43.21 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Costco shares have added about 40.7% since the beginning of the year versus the S&P 500's gain of 25.2%.What's Next for Costco?While Costco has outperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Costco: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.54 on $50.04 billion in revenues for the coming quarter and $12.17 on $215.76 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Discount Stores is currently in the top 40% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Bed Bath & Beyond (BBBY), another stock in the broader Zacks Retail-Wholesale sector, has yet to report results for the quarter ended November 2021.This home goods retailer is expected to post quarterly earnings of $0.03 per share in its upcoming report, which represents a year-over-year change of -62.5%. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.Bed Bath & Beyond's revenues are expected to be $1.98 billion, down 24.5% from the year-ago quarter. 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 Costco Wholesale Corporation (COST): Free Stock Analysis Report Bed Bath & Beyond Inc. (BBBY): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 10th, 2021

Hooker Furnishings Reports Third Quarter Results

MARTINSVILLE, Va., Dec. 09, 2021 (GLOBE NEWSWIRE) -- Hooker Furnishings Corporation (NASDAQ-GS: HOFT) today reported consolidated net sales of $133.4 million for its fiscal 2022 third quarter ended October 31, 2021, a $16.3 million, or 11%, decrease compared to the prior year period. Consolidated operating loss for the fiscal 2022 third quarter was $1.7 million, compared to $13 million of operating income in the prior year period. Net loss for the third quarter of fiscal 2022 was $1.2 million, or $0.10 per diluted share, as compared to a net income of $10.1 million, or $0.84 per diluted share, in the third quarter of fiscal 2021. The third quarter revenue decline follows two consecutive quarters of double-digit sales and income gains at Hooker Furnishings and was driven by significantly reduced shipments in the Home Meridian segment (HMI) due to COVID-related factory closures in Vietnam and Malaysia. The HMI sales decrease was partially offset by double-digit sales increases in the Hooker Branded and Domestic Upholstery segments versus the prior year period. These two segments have provided five consecutive quarters of higher net sales. Consolidated operating income and margin decreased in the quarter primarily due to the sales volume reduction at HMI, along with higher freight and product costs. In addition, HMI had three unusual charges during the period, including $2.6 million in one-time order cancellation costs to exit the ready-to-assemble (RTA) furniture category. This was a move HMI made to improve long-term profitability by eliminating a low-margin category. Also, HMI experienced higher than expected chargebacks with two clubs channel customers which negatively impacted net sales and operating income by $1.9 million. "Despite favorable demand for home furnishings and a historically strong order backlog triple typical levels for Hooker Furnishings, we were challenged by ongoing supply chain disruptions, especially the slower-than-expected reopening of Vietnam and Malaysia factories," said Jeremy Hoff, chief executive officer. "The COVID-related factory closings in Vietnam and Malaysia began around August 1st and did not begin reopening until late in the quarter, and then at only about 25% capacity," he said. "We expect the factories will begin to approach 50% capacity in the near future." "Industry-wide inflationary pressures also were a factor in reduced income," Hoff said, along with "making some decisions now that will have short term adverse impacts but will strengthen the Company in the long term. For example, exiting the HMidea RTA category increased consolidated cost of goods sold by 200 bps and contributed to the quarterly loss, but we believe this move will save an additional $10 million in product and freight costs related to RTA products on order and help us focus our resources in the areas where we can be most competitive and profitable," Hoff said. For the fiscal 2022 nine-month period, consolidated operating income was $20.2 million compared to a $24.9 million operating loss in the prior year period. The loss last year was mainly attributable to $44.3 million in non-cash impairment charges on certain intangible assets due to the impact of the COVID crisis on the Company's share price in the prior year. Consolidated net income for the fiscal 2022 nine-month period was $15.7 million or $1.30 per diluted share, as compared to net loss of $19.0 million, or a loss of $1.61 per diluted share in the prior year period. Segment Reporting: Hooker Branded Net sales increased by $8.7 million, or 18.5%, in the Hooker Branded segment compared to the prior year quarter, driven by higher demand and inventory availability, as well as lower discounting. Commenting on the consistent and vibrant growth in the segment, Hoff said, "The diversification of the Hooker Branded product portfolio to address a wide variety of lifestyles in our price points has had a major positive impact. The introduction of our new Commerce & Market accent furniture collection this summer, along with the ongoing strength of our Mélange accent collection, has significantly expanded our leadership position in the accent furniture category," he said. "In addition, our strategy to rationalize our stocking inventory to focus on top sellers is helping us maximize shipping and production capacity, product flow and cash utilization." While sales continue to reflect strong demand and a healthy furniture demand environment, higher ocean freight and product cost inflation impacted gross margin in the segment, diluting the gains from sales increases in the third quarter. The Hooker Branded segment has implemented price increases to mitigate increased product costs; however, due to current order backlog levels and customer price changes taking effect at different times, the Company anticipates seeing the benefits of price increases in future periods as more products sold carry these increased prices. Additionally, the segment is starting to see another round of product and logistics costs increases which will likely necessitate additional customer price changes. Despite these adverse factors, the Hooker Branded segment reported $6.7 million in operating income, or an 11.9% operating margin. Incoming orders decreased slightly by 1.9% as compared to prior year period when business dramatically rebounded. Backlog remained historically high, nearly doubled as compared to the prior year third quarter end, when backlog was already elevated versus historical averages. Segment Reporting: Home Meridian The Home Meridian segment's net sales decreased by $27.5 million, or 37.3%, compared to the prior year third quarter, driven by inventory unavailability due to the temporary, COVID-related closure of factories in Vietnam and Malaysia during the period. The segment reported a $10 million operating loss largely attributable to reduced shipments and higher product costs primarily from increased freight charges. In addition, higher than expected chargeback from two clubs channel customers and inventory cancellation costs related to HMidea's RTA business contributed to the operating loss. "Despite the disappointing financial results at HMI, we believe the challenges are short-term," Hoff said. "We expect to see some improvements next quarter as the Asian factories increase capacity, but we don't expect them to ramp up to full capacity until the second quarter of next year. We are encouraged that demand remains strong, with Home Meridian finishing the quarter with backlogs 12% higher than last year's third quarter, but more than doubled as compared to pre-pandemic levels." "We were pleased in mid-October to open a highly-efficient, 800,000-square-foot new distribution center in Savannah, Georgia serving HMI and its customers," Hoff continued. "The modern facility is a short distance from the Port of Savannah and will enable us to substantially increase operating efficiencies, reduce our carbon footprint and ship orders faster. Our goal is to put the Company in a best-in-class logistics position, and Savannah is a major step in that direction," he said. Segment Reporting: Domestic Upholstery The Domestic Upholstery segment's net sales increased by $2.6 million, or 10.3%, in the fiscal 2022 third quarter compared to the prior year period, and all three divisions of the segment reported over or close to 10% sales increases. Despite increased material costs, this segment reported operating income of $1.4 million, or 5.2% operating margin for the third quarter. "We continued to be challenged by raw materials shortages, but we saw a lot of improvements later in the quarter, and we expect these positive trends to continue," Hoff said. "Material cost inflation for most raw materials and higher freight surcharges partially offset the gains from increased sales. We believe our latest price increases will mitigate these higher costs in future periods. We are encouraged by historically high backlogs at the end of the fiscal 2022 third quarter at all three divisions." Segment Reporting: All Other All Other's net sales decreased by $134,000, or 4.0%, in the fiscal 2022 third quarter as compared to the prior year period, due to a 5.6% sales decrease at H Contract. On a positive note, as COVID vaccination rates have increased, especially among the senior population, H Contract's incoming orders have increased three consecutive quarters in fiscal 2022 and finished the quarter with backlog 150% higher than the prior year third quarter end. Despite the sales decrease, All Other still reported a 10.7% operating margin for the quarter. Cash, Debt and Inventory Cash and cash equivalents stood at $57.2 million at fiscal 2022 third quarter-end, down $8.6 million compared to the balance at the fiscal 2021 year-end as the Company increased inventory levels somewhat to service the high level of demand it has experienced all year. During the first nine months of fiscal 2022, the Company used cash on hand and $5 million generated from operations to pay $6.4 million in cash dividends to our shareholders and $6.6 million of capital expenditures to enhance our business systems and facilities. Outlook "Consumer and retail demand remain historically strong, with consolidated backlogs nearly triple compared to pre-pandemic level," Hoff said. "However, we expect some level of continued supply chain turbulence and product and raw materials cost inflation to impact our net sales and income in the short term, at least through the second quarter of next fiscal year." "We expect our Hooker Branded and Domestic Upholstery segments will continue to be less challenged than Home Meridian primarily due to more than 70% of Home Meridian's business being direct container versus domestic warehouse distribution. In addition, higher freight costs have a greater impact as a percentage on lower price points for HMI. In the shorter-to-medium-term, we look forward to the expected efficiencies and cost savings from HMI's new Savannah facility. The facility puts us in an excellent position to grow HMI's warehouse business." "We will continue to focus on items we can control such as developing relevant new products to meet consumer needs, operational improvements, managing overhead and costs, and executing our strategic growth initiatives. We remain very optimistic as we manage through a challenging environment," Hoff said. Dividends On December 7, 2021, the Company's board of directors declared a quarterly cash dividend of $0.20 per share, an increase of $0.02, or 11%, over the most recent dividend, payable on December 31, 2021, to shareholders of record at December 17, 2021. Conference Call Details Hooker Furnishings will present its fiscal 2022 third quarter financial results via teleconference and live internet web cast on Thursday morning, December 9, 2021 at 9:00 AM Eastern Time. The dial-in number for domestic callers is 877.665.2466 and the number for international callers is 678.894.3031. The conference ID number is 1241039. The call will be simultaneously web cast and archived for replay on the Company's web site at www.hookerfurniture.com in the Investor Relations section. Hooker Furnishings Corporation, in its 98th year of business, is a designer, marketer and importer of casegoods (wooden and metal furniture), leather furniture and fabric-upholstered furniture for the residential, hospitality and contract markets. The Company also domestically manufactures premium residential custom leather and custom fabric-upholstered furniture. It is ranked among the nation's largest publicly traded furniture sources, based on 2020 shipments to U.S. retailers, according to a 2021 survey by a leading trade publication. Major casegoods product categories include home entertainment, home office, accent, dining, and bedroom furniture in the upper-medium price points sold under the Hooker Furniture brand. Hooker's residential upholstered seating product lines include Bradington-Young, a specialist in upscale motion and stationary leather furniture, Sam Moore Furniture, a specialist in upscale occasional chairs, settees, sofas and sectional seating with an emphasis on cover-to-frame customization, Hooker Upholstery, imported upholstered furniture targeted at the upper-medium price-range and Shenandoah Furniture, an upscale upholstered furniture company specializing in private label sectionals, modulars, sofas, chairs, ottomans, benches, beds and dining chairs in the upper-medium price points for lifestyle specialty retailers. The H Contract product line supplies upholstered seating and casegoods to upscale senior living facilities. The Home Meridian division addresses more moderate price points and channels of distribution not currently served by other Hooker Furniture divisions or brands. Home Meridian's brands include Accentrics Home, home furnishings centered around an eclectic mix of unique pieces and materials that offer a fresh take on home fashion, Pulaski Furniture, casegoods covering the complete design spectrum in a wide range of bedroom, dining room, accent and display cabinets at medium price points, Samuel Lawrence Furniture, value-conscious offerings in bedroom, dining room, home office and youth furnishings, Prime Resources, value-conscious imported leather upholstered furniture, and Samuel Lawrence Hospitality, a designer and supplier of hotel furnishings. Hooker Furnishings Corporation's corporate offices and upholstery manufacturing facilities are located in Virginia and North Carolina, with showrooms in High Point, N.C. and Ho Chi Minh City, Vietnam. The company operates distribution centers in North Carolina, Virginia, Georgia, California and Vietnam. Please visit our websites hookerfurnishings.com, bradington-young.com, sammoore.com, hcontractfurniture.com, homemeridian.com, pulaskifurniture.com, accentricshome.com and slh-co.com. Certain statements made in this release, other than those based on historical facts, may be forward-looking statements. Forward-looking statements reflect our reasonable judgment with respect to future events and typically can be identified by the use of forward-looking terminology such as "believes," "expects," "projects," "intends," "plans," "may," "will," "should," "would," "could" or "anticipates," or the negative thereof, or other variations thereon, or comparable terminology, or by discussions of strategy.  Forward-looking statements are subject to risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements.  Those risks and uncertainties include but are not limited to: (1) disruptions involving our vendors or the transportation and handling industries, particularly those affecting imported products from Vietnam, China, and Malaysia, including customs issues, labor stoppages, strikes or slowdowns and the availability and cost of shipping containers and cargo ships; (2) the effect and consequences of the coronavirus (COVID-19) pandemic or future pandemics on a wide range of matters including but not limited to U.S. and local economies; our business operations and continuity; the health and productivity of our employees; and the impact on our global supply chain, inflation, the retail environment and our customer base; (3) general economic or business conditions, both domestically and internationally, and instability in the financial and credit markets, including their potential impact on our (i) sales and operating costs and access to financing or (ii) customers and suppliers and their ability to obtain financing or generate the cash necessary to conduct their respective businesses; (4) adverse political acts or developments in, or affecting, the international markets from which we import products, including duties or tariffs imposed on those products by foreign governments or the U.S. government, such as the prior U.S. administration's imposition of a 25% tariff on certain goods imported into the United States from China including almost all furniture and furniture components manufactured in China, which is still in effect, with the potential for additional or increased tariffs in the future; (5) risks associated with our reliance on offshore sourcing and the cost of imported goods, including fluctuation in the prices of purchased finished goods, ocean freight costs, including the price and availability of shipping containers, vessels and domestic trucking, and warehousing costs and the risk that a disruption in our offshore suppliers could adversely affect our ability to timely fill customer orders; (6) risks associated with domestic manufacturing operations, including fluctuations in capacity utilization and the prices and availability of key raw materials, as well as changes in transportation, warehousing and domestic labor costs, availability of skilled labor, and environmental compliance and remediation costs; (7) changes in U.S. and foreign government regulations and in the political, social and economic climates of the countries from which we source our products; (8) difficulties in forecasting demand for our imported products; (9) risks associated with product defects, including higher than expected costs associated with product quality and safety, and regulatory compliance costs related to the sale of consumer products and costs related to defective or non-compliant products, including product liability claims and costs to recall defective products and the adverse effects of negative media coverage; (10) disruptions and damage (including those due to weather) affecting our Virginia, Georgia, North Carolina or California warehouses, our Virginia or North Carolina administrative facilities, our North Carolina showrooms or our representative offices or warehouses in Vietnam and China; (11) risks associated with our newly leased warehouse space in Georgia, including risks associated with our move to and occupation of the facility, including information systems, access to warehouse labor and the inability to realize anticipated cost savings; (12) the risks specifically related to the concentrations of a material part of our sales and accounts receivable in only a few customers, including the loss of several large customers through business consolidations, failures or other reasons, or the loss of significant sales programs with major customers; (13) our inability to collect amounts owed to us or significant delays in collecting such amounts; (14) the interruption, inadequacy, security breaches or integration failure of our information systems or information technology infrastructure, related service providers or the internet or other related issues including unauthorized disclosures of confidential information or inadequate levels of cyber-insurance or risks not covered by cyber insurance; (15) the direct and indirect costs and time spent by our associates associated with the implementation of our Enterprise Resource Planning system ("ERP"), including costs resulting from unanticipated disruptions to our business; (16) achieving and managing growth and change, and the risks associated with new business lines, acquisitions, including the selection of suitable acquisition targets, restructurings, strategic alliances and international operations; (17) the impairment of our long-lived assets, which can result in reduced earnings and net worth; (18) capital requirements and costs; (19) risks associated with distribution through third-party retailers, such as non-binding dealership arrangements; (20) the cost and difficulty of marketing and selling our products in foreign markets; (21) changes in domestic and international monetary policies and fluctuations in foreign currency exchange rates affecting the price of our imported products and raw materials; (22) the cyclical nature of the furniture industry, which is particularly sensitive to changes in consumer confidence, the amount of consumers' income available for discretionary purchases, and the availability and terms of consumer credit; (23) price competition in the furniture industry; (24) competition from non-traditional outlets, such as internet and catalog retailers; (25) changes in consumer preferences, including increased demand for lower-quality, lower-priced furniture; and (26) other risks and uncertainties described under Part I, Item 1A. "Risk Factors" in the Company's Annual Report on Form 10-K for the fiscal year ended January 31, 2021. Any forward-looking statement that we make speaks only as of the date of that statement, and we undertake no obligation, except as required by law, to update any forward-looking statements whether as a result of new information, future events or otherwise and you should not expect us to do so. Table I HOOKER FURNISHINGS CORPORATION AND SUBSIDIARIES CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share data) (Unaudited)     For the     Thirteen Weeks Ended   Thirty-Nine Weeks Ended     Oct 31,   Nov 1,   Oct 31,   Nov 1,       2021     2020   2021     2020                     Net sales $ 133,428     $ 149,687   $ 458,807   $ 384,821                     Cost of sales   113,421       116,204     373,501     305,684                     Gross profit   20,007       33,483     85,306     79,137                     Selling and administrative expenses   21,139       19,850     63,343     57,920   Goodwill impairment charges   -       -     -     39,568   Trade name impairment charges   -       -     -     4,750   Intangible asset amortization   596       596     1,788     1,788                     Operating (loss)/income   (1,728 )     13,037     20,175     (24,889 )                   Other income, net   133       158     160     107   Interest expense, net   27       106     81     433                     (Loss)/income before income taxes     (1,622 )     13,089     20,254     (25,215 )                   Income tax (benefit)/expense   (403 )     2,996     4,563     (6,263 )                   Net (loss)/income $ (1,219 )   $ 10,093   $ 15,691   $ (18,952 )                   (Loss)/Earnings per share               Basic $ (0.10 )   $ 0.85   $ 1.32   $ (1.61 ) Diluted $ (0.10 )   $ 0.84   $ 1.30   $.....»»

Category: earningsSource: benzingaDec 9th, 2021

Sportsman"s Warehouse (SPWH) Lags Q3 Earnings Estimates

Sportsman's Warehouse (SPWH) delivered earnings and revenue surprises of -12.07% and 0.40%, respectively, for the quarter ended October 2021. Do the numbers hold clues to what lies ahead for the stock? Sportsman's Warehouse (SPWH) came out with quarterly earnings of $0.51 per share, missing the Zacks Consensus Estimate of $0.58 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -12.07%. A quarter ago, it was expected that this outdoor sporting goods specialty retailer would post earnings of $0.60 per share when it actually produced earnings of $0.44, delivering a surprise of -26.67%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Sportsman's Warehouse, which belongs to the Zacks Retail - Apparel and Shoes industry, posted revenues of $401.01 million for the quarter ended October 2021, surpassing the Zacks Consensus Estimate by 0.40%. This compares to year-ago revenues of $385.75 million. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Sportsman's Warehouse shares have lost about 27% since the beginning of the year versus the S&P 500's gain of 24.8%.What's Next for Sportsman's Warehouse?While Sportsman's Warehouse has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Sportsman's Warehouse: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $0.53 on $395.5 million in revenues for the coming quarter and $1.79 on $1.48 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Apparel and Shoes is currently in the top 22% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.One other stock from the broader Zacks Retail-Wholesale sector, Costco (COST), is yet to report results for the quarter ended November 2021. The results are expected to be released on December 9.This warehouse club operator is expected to post quarterly earnings of $2.59 per share in its upcoming report, which represents a year-over-year change of +13.1%. The consensus EPS estimate for the quarter has been revised 0.1% higher over the last 30 days to the current level.Costco's revenues are expected to be $50.02 billion, up 15.8% from the year-ago quarter. Zacks’ Top Picks to Cash in on Artificial Intelligence This world-changing technology is projected to generate $100s of billions by 2025. From self-driving cars to consumer data analysis, people are relying on machines more than we ever have before. Now is the time to capitalize on the 4th Industrial Revolution. Zacks’ urgent special report reveals 6 AI picks investors need to know about today.See 6 Artificial Intelligence Stocks With Extreme Upside Potential>>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 Sportsman's Warehouse Holdings, Inc. (SPWH): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 9th, 2021

United Rentals (URI) Moves 3.6% Higher: Will This Strength Last?

United Rentals (URI) saw its shares surge in the last session with trading volume being higher than average. The latest trend in earnings estimate revisions may not translate into further price increase in the near term. United Rentals (URI) shares soared 3.6% in the last trading session to close at $344.89. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 15.1% loss over the past four weeks.United Rentals has been riding high on higher rental revenues, fleet productivity and absorptions. The company has raised 2021 guidance, which exhibits broad-based growth across its verticals, with persistent growth opportunities for certain non-residential verticals including datacenter, healthcare and warehouse projects.This equipment rental company is expected to post quarterly earnings of $6.97 per share in its upcoming report, which represents a year-over-year change of +38.3%. Revenues are expected to be $2.77 billion, up 21.4% from the year-ago quarter.While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.For United Rentals, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on URI going forward to see if this recent jump can turn into more strength down the road.The stock currently carries a Zacks Rank 3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>> 5 Stocks Set to Double Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%. Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.Today, See These 5 Potential Home Runs >>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 United Rentals, Inc. (URI): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 7th, 2021

Big Lots (BIG) Reports Q3 Loss, Tops Revenue Estimates

Big Lots (BIG) delivered earnings and revenue surprises of 0% and 1.01%, respectively, for the quarter ended October 2021. Do the numbers hold clues to what lies ahead for the stock? Big Lots (BIG) came out with a quarterly loss of $0.14 per share in line with the Zacks Consensus Estimate. This compares to earnings of $0.76 per share a year ago. These figures are adjusted for non-recurring items.A quarter ago, it was expected that this discount retailer would post earnings of $1.13 per share when it actually produced earnings of $1.09, delivering a surprise of -3.54%.Over the last four quarters, the company has surpassed consensus EPS estimates two times.Big Lots, which belongs to the Zacks Retail - Discount Stores industry, posted revenues of $1.34 billion for the quarter ended October 2021, surpassing the Zacks Consensus Estimate by 1.01%. This compares to year-ago revenues of $1.38 billion. The company has topped consensus revenue estimates three times over the last four quarters.The sustainability of the stock's immediate price movement based on the recently-released numbers and future earnings expectations will mostly depend on management's commentary on the earnings call.Big Lots shares have added about 1.6% since the beginning of the year versus the S&P 500's gain of 21.9%.What's Next for Big Lots?While Big Lots has underperformed the market so far this year, the question that comes to investors' minds is: what's next for the stock?There are no easy answers to this key question, but one reliable measure that can help investors address this is the company's earnings outlook. Not only does this include current consensus earnings expectations for the coming quarter(s), but also how these expectations have changed lately.Empirical research shows a strong correlation between near-term stock movements and trends in earnings estimate revisions. Investors can track such revisions by themselves or rely on a tried-and-tested rating tool like the Zacks Rank, which has an impressive track record of harnessing the power of earnings estimate revisions.Ahead of this earnings release, the estimate revisions trend for Big Lots: mixed. While the magnitude and direction of estimate revisions could change following the company's just-released earnings report, the current status translates into a Zacks Rank #3 (Hold) for the stock. So, the shares are expected to perform in line with the market in the near future. You can see the complete list of today's Zacks #1 Rank (Strong Buy) stocks here.It will be interesting to see how estimates for the coming quarters and current fiscal year change in the days ahead. The current consensus EPS estimate is $2.38 on $1.74 billion in revenues for the coming quarter and $6.01 on $6.15 billion in revenues for the current fiscal year.Investors should be mindful of the fact that the outlook for the industry can have a material impact on the performance of the stock as well. In terms of the Zacks Industry Rank, Retail - Discount Stores is currently in the top 37% of the 250 plus Zacks industries. Our research shows that the top 50% of the Zacks-ranked industries outperform the bottom 50% by a factor of more than 2 to 1.Another stock from the same industry, Costco (COST), has yet to report results for the quarter ended November 2021. The results are expected to be released on December 9.This warehouse club operator is expected to post quarterly earnings of $2.61 per share in its upcoming report, which represents a year-over-year change of +14%. The consensus EPS estimate for the quarter has been revised 1.5% higher over the last 30 days to the current level.Costco's revenues are expected to be $49.61 billion, up 14.8% from the year-ago quarter. Zacks' Top Picks to Cash in on Artificial Intelligence In 2021, this world-changing technology is projected to generate $327.5 billion in revenue. Now Shark Tank star and billionaire investor Mark Cuban says AI will create "the world's first trillionaires." Zacks' urgent special report reveals 3 AI picks investors need to know about today.See 3 Artificial Intelligence Stocks With Extreme Upside Potential>>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 Big Lots, Inc. (BIG): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksDec 3rd, 2021

Kroger (KR) to Report Q3 Earnings: Factors Worth Noting

Kroger's (KR) third-quarter results are likely to reflect efforts undertaken to strengthen position not only with respect to products but also in terms of the way consumers prefer shopping. The Kroger Co. KR is likely to register an increase in the top line when it reports third-quarter fiscal 2021 results on Dec 2, before the opening bell. The Zacks Consensus Estimate for revenues is pegged at $31,148 million, indicating an improvement of 4.8% from the prior-year reported figure.The bottom line of this operator of supermarket chain is expected to decrease year over year. Although the Zacks Consensus Estimate for third-quarter earnings per share has risen by a penny to 66 cents over the past 30 days, the figure suggests a decline from 71 cents a share reported in the year-ago period.The company has a trailing four-quarter earnings surprise of 18%, on average. In the last reported quarter, this Cincinnati, OH-based company’s bottom line surpassed the Zacks Consensus Estimate by 27%.Key Factors to NoteKroger has been making significant investments to enhance product freshness and quality as well as expand digital capabilities and payment solutions. Impressively, it has been introducing new items under its “Our Brands” portfolio. The company has been expanding its Customer Fulfillment Center in an effort to ensure efficient deliveries. Cumulatively, these factors are likely to have favored the company’s third-quarter top-line performance.Without doubt, Kroger’s digital business remains one of its key growth drivers. Considering the current scenario, the company has been focusing on no-contact delivery option, low-contact pickup service and ship-to-home orders. Its ‘Kroger Delivery Now’ service provides customers with food and household staples in 30 minutes. Also, its focus on margin-rich alternative profit business bode well.Clearly, aforementioned factors instill optimism regarding the outcome of the results. However, margins still remain an area to watch. Impact of costs associated with digital fulfilment, supply chain and COVID-19 related expenses cannot be ruled out. Again, higher warehouse and transportation costs might have weighed on margins.The Kroger Co. Price, Consensus and EPS Surprise The Kroger Co. price-consensus-eps-surprise-chart | The Kroger Co. QuoteWhat Does the Zacks Model Unveil?Our proven model predicts an earnings beat for Kroger this time around. The combination of a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) increases the chances of an earnings beat. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter. You can see the complete list of today’s Zacks #1 Rank stocks here.Kroger has a Zacks Rank #3 and an Earnings ESP of +2.59%.3 More Stocks With Favorable CombinationHere are three other companies you may want to consider as our model shows that these too have the right combination of elements to post an earnings beat:Ulta Beauty ULTA currently has an Earnings ESP of +0.63% and a Zacks Rank #3. The company is expected to register bottom-line growth when it reports third-quarter fiscal 2021 results. The Zacks Consensus Estimate for quarterly earnings of $2.47 per share suggests growth of 50.6% from the year-ago quarter’s reported figure.Ulta Beauty's top line is expected to rise year over year. The consensus mark for revenues is pegged at $1.90 billion, indicating an improvement of 22.1% from the year-ago quarter. ULTA has a trailing four-quarter earnings surprise of 63.9%, on average.G-III Apparel GIII currently has an Earnings ESP of +8.14% and a Zacks Rank #3. The company is likely to register bottom-line improvement when it reports third-quarter fiscal 2022 numbers. The Zacks Consensus Estimate for quarterly earnings per share is pegged at $1.79, which suggests growth of 36.6% from the year-ago quarter’s reported figure.G-III Apparel’s top line is expected to rise year over year. The Zacks Consensus Estimate for quarterly revenues stands at $1.01 billion, which indicates an improvement of 22.4% from the prior-year quarter. GIII has a trailing four-quarter earnings surprise of 180.5%, on average.Costco COST currently has an Earnings ESP of +1.00% and a Zacks Rank #3. The company is expected to register bottom-line growth when it reports first-quarter fiscal 2022 results. The Zacks Consensus Estimate for quarterly earnings of $2.59 per share suggests growth of 13.1% from the year-ago quarter’s reported figure.Costco’s top line is expected to rise year over year. The consensus mark for revenues stands at $49.61 billion, indicating an increase of 14.8% from the figure reported in the year-ago quarter. COST has a trailing four-quarter earnings surprise of 7.7%, on average. Tech IPOs With Massive Profit Potential: Last years top IPOs surged as much as 299% within the first two months. With record amounts of cash flooding into IPOs and a record-setting stock market, this year could be even more lucrative. See Zacks’ Hottest Tech IPOs Now >>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 The Kroger Co. (KR): Free Stock Analysis Report Costco Wholesale Corporation (COST): Free Stock Analysis Report Ulta Beauty Inc. (ULTA): Free Stock Analysis Report GIII Apparel Group, LTD. (GIII): Free Stock Analysis Report To read this article on Zacks.com click here......»»

Category: topSource: zacksNov 30th, 2021

Best Momentum Stocks to Buy for November 29th

GES, BJ, DDS, and TITN made it to the Zacks Rank #1 (Strong Buy) momentum stocks list on November 29, 2021. Here are four stocks with buy rank and strong momentum characteristics for investors to consider today, November 29th:Guess', Inc. GES: This designer, distributor, and marketer of lifestyle collections of apparel and accessories for men, women, and children has a Zacks Rank #1 (Strong Buy) and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.8% over the last 60 days.Guess, Inc. Price and Consensus Guess, Inc. price-consensus-chart | Guess, Inc. QuoteGuess' shares gained 14.6% over the last one month compared with the S&P 500’s loss of -0.2%. The company possesses a Momentum Score of A.Guess, Inc. Price Guess, Inc. price | Guess, Inc. QuoteBJ's Wholesale Club Holdings, Inc. BJ: This owner and operator of membership warehouse clubs primarily in the Eastern United States has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 8.9% over the last 60 days.BJ's Wholesale Club Holdings, Inc. Price and Consensus BJ's Wholesale Club Holdings, Inc. price-consensus-chart | BJ's Wholesale Club Holdings, Inc. QuoteBJ's Wholesale Club’s shares gained 13.5% over the last one month. The company possesses a Momentum Score of A.BJ's Wholesale Club Holdings, Inc. Price BJ's Wholesale Club Holdings, Inc. price | BJ's Wholesale Club Holdings, Inc. QuoteDillard's, Inc. DDS: This operator of retail department stores in the southeastern, southwestern, and midwestern areas of the United States has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 20% over the last 60 days.Dillard's, Inc. Price and Consensus Dillard's, Inc. price-consensus-chart | Dillard's, Inc. QuoteDillard's shares gained 47.4% over the last one month. The company possesses a Momentum Score of A.Dillard's, Inc. Price Dillard's, Inc. price | Dillard's, Inc. QuoteTitan Machinery Inc. TITN: This owner and operator of full-service agricultural and construction equipment stores in the United States and Europe has a Zacks Rank #1 and witnessed the Zacks Consensus Estimate for its current year earnings increasing 22.1% over the last 60 days.Titan Machinery Inc. Price and Consensus Titan Machinery Inc. price-consensus-chart | Titan Machinery Inc. QuoteTitan Machinery’s shares gained 19.1% over the last one month. The company possesses a Momentum Score of A.Titan Machinery Inc. Price Titan Machinery Inc. price | Titan Machinery Inc. QuoteSee the full list of top ranked stocks hereLearn more about the Momentum score and how it is calculated here. Investor Alert: Legal Marijuana Looking for big gains? Now is the time to get in on a young industry primed to skyrocket from $13.5 billion in 2021 to an expected $70.6 billion by 2028. After a clean sweep of 6 election referendums in 5 states, pot is now legal in 36 states plus D.C. Federal legalization is expected soon and that could kick start an even greater bonanza for investors. Zacks Investment Research has recently closed pot stocks that have shot up as high as +147.0% You’re invited to immediately check out Zacks’ Marijuana Moneymakers: An Investor’s Guide. It features a timely Watch List of pot stocks and ETFs with exceptional growth potential.Today, Download Marijuana Moneymakers FREE >>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 Dillard's, Inc. (DDS): Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ): Free Stock Analysis Report Guess, Inc. (GES): Free Stock Analysis Report Titan Machinery Inc. (TITN): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 29th, 2021

New Strong Buy Stocks for November 26th

BJ, CAL, GES, PAG, and OSS have been added to the Zacks Rank #1 (Strong Buy) List on November 26th. Here are five stocks added to the Zacks Rank #1 (Strong Buy) List today:BJ's Wholesale Club Holdings, Inc. BJ: This owner and operator of membership warehouse clubs primarily in the Eastern United States has seen the Zacks Consensus Estimate for its current year earnings increasing 8.9% over the last 60 days.BJ's Wholesale Club Holdings, Inc. Price and Consensus BJ's Wholesale Club Holdings, Inc. price-consensus-chart | BJ's Wholesale Club Holdings, Inc. QuoteCaleres, Inc. CAL: This footwear retailer and wholesaler has seen the Zacks Consensus Estimate for its current year earnings increasing 16.7% over the last 60 days.Caleres, Inc. Price and Consensus Caleres, Inc. price-consensus-chart | Caleres, Inc. QuoteGuess', Inc. GES: This designer, marketer, and distributor of lifestyle collections of apparel and accessories for men, women, and children has seen the Zacks Consensus Estimate for its current year earnings increasing 6.2% over the last 60 days.Guess, Inc. Price and Consensus Guess, Inc. price-consensus-chart | Guess, Inc. QuotePenske Automotive Group, Inc. PAG: This diversified transportation services company has seen the Zacks Consensus Estimate for its current year earnings increasing 16.5% over the last 60 days.Penske Automotive Group, Inc. Price and Consensus Penske Automotive Group, Inc. price-consensus-chart | Penske Automotive Group, Inc. QuoteOne Stop Systems, Inc. OSS: This designer and manufacturer of ultra-dense high-performance computing systems has seen the Zacks Consensus Estimate for its current year earnings increasing 5% over the last 60 days.One Stop Systems, Inc. Price and Consensus One Stop Systems, Inc. price-consensus-chart | One Stop Systems, Inc. QuoteYou can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here. Bitcoin, Like the Internet Itself, Could Change Everything Blockchain and cryptocurrency has sparked one of the most exciting discussion topics of a generation. Some call it the “Internet of Money” and predict it could change the way money works forever. If true, it could do to banks what Netflix did to Blockbuster and Amazon did to Sears. Experts agree we’re still in the early stages of this technology, and as it grows, it will create several investing opportunities. Zacks’ has just revealed 3 companies that can help investors capitalize on the explosive profit potential of Bitcoin and the other cryptocurrencies with significantly less volatility than buying them directly. See 3 crypto-related stocks now >>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 Penske Automotive Group, Inc. (PAG): Free Stock Analysis Report BJ's Wholesale Club Holdings, Inc. (BJ): Free Stock Analysis Report Guess, Inc. (GES): Free Stock Analysis Report Caleres, Inc. (CAL): Free Stock Analysis Report One Stop Systems, Inc. (OSS): Free Stock Analysis Report To read this article on Zacks.com click here. Zacks Investment Research.....»»

Category: topSource: zacksNov 26th, 2021