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Tale of the Tape

One company that should be on your radar is Iconix Brand Group, Inc. (ICON - Analyst Report). The stock of this Consumer Goods sector has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.
 
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For ICON’s full year estimate, we have seen 1 estimate go higher in the past 30 days while no downward estimate revision was observed in the same time period. This trend has helped the consensus estimate to trend higher, increasing from $2.55 a share a month ago to its current level at $2.58 per share.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, ICON has seen some pretty solid trading lately, as the company has moved higher by 16.7% in the past month.
 
If Iconix Brand can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put ICON on your watch list for the future.
 
Other top-ranked stocks worth considering in the same sector include Helen of Troy Limited (HELE - Snapshot Report), Francesca’s Holdings Corporation (FRAN - Snapshot Report) and Skechers USA Inc. (SKX - Analyst Report). While Helen of Troy sports a Zacks Rank #1 (Strong Buy), Francesca’s Holdings and Skechers USA both carry a Zacks Rank #2 (Buy).

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