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Increased Earnings Estimates Seen for Urban Outfitters (URBN): Can It Move Higher?
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Urban Outfitters, Inc. (URBN - Free Report) engages in the retail and wholesale of general consumer products that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on URBN’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Urban Outfitters could be a solid choice for investors.
Current Quarter Estimates for URBN
In the past 30 days, 11 estimates have gone higher for Urban Outfitters while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 56 cents a share 30 days ago, to 61 cents today, a move of 8.9%.
Current Year Estimates for URBN
Meanwhile, Urban Outfitters current year figures are also looking quite promising, with 13 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.56 per share 30 days ago to $1.43 per share today, an increase of 9.1%.
The stock has also started to move higher lately, adding 29% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Image: Bigstock
Increased Earnings Estimates Seen for Urban Outfitters (URBN): Can It Move Higher?
Urban Outfitters, Inc. (URBN - Free Report) engages in the retail and wholesale of general consumer products that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on URBN’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Urban Outfitters could be a solid choice for investors.
Current Quarter Estimates for URBN
In the past 30 days, 11 estimates have gone higher for Urban Outfitters while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 56 cents a share 30 days ago, to 61 cents today, a move of 8.9%.
Current Year Estimates for URBN
Meanwhile, Urban Outfitters current year figures are also looking quite promising, with 13 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.56 per share 30 days ago to $1.43 per share today, an increase of 9.1%.
Urban Outfitters, Inc. Price and Consensus
Urban Outfitters, Inc. Price and Consensus | Urban Outfitters, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 29% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks Editor-in-Chief Goes "All In" on This Stock
Full disclosure, Kevin Matras now has more of his own money in one particular stock than in any other. He believes in its short-term profit potential and also in its prospects to more than double by 2019. Today he reveals and explains his surprising move in a new Special Report.
Download it free >>