Zumiez (ZUMZ) could possibly be a stable addition to your portfolio given a notable revision within
Zumiez (ZUMZ) could possibly be a stable addition to your portfolio given a notable revision within the firm’s earnings estimates. Whereas the inventory has been gaining currently, the development may proceed since its earnings outlook continues to be bettering.
Analysts’ rising optimism on the earnings prospects of this clothes retailer is driving estimates greater, which ought to get mirrored in its inventory worth. In spite of everything, empirical analysis reveals a powerful correlation between traits in earnings estimate revisions and near-term inventory worth actions. This perception is on the core of our inventory ranking instrument — the Zacks Rank.
The five-grade Zacks Rank system, which ranges from a Zacks Rank #1 (Robust Purchase) to a Zacks Rank #5 (Robust Promote), has a formidable externally-audited track record of outperformance, with Zacks #1 Ranked shares producing a median annual return of +25% since 2008.
For Zumiez, there was robust settlement among the many masking analysts in elevating earnings estimates, which has helped push consensus estimates significantly greater for the subsequent quarter and full yr.
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