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Surging Earnings Estimates Signal Good News for Urban Outfitters (URBN)

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Urban Outfitters, Inc. (URBN - Free Report) offers lifestyle-oriented general merchandise and consumer products and services  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, nine estimates have gone higher for Urban Outfitters while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing 19 cents a share 30 days ago, to 28 cents today, a move of 47.4%.

Current Year Estimates for URBN

Meanwhile, Urban Outfitters’ current year figures are also looking quite promising, with eleven estimate moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.94 a share 30 days ago, to $2.25 today, an increase of 15.5%.

Urban Outfitters, Inc. Price and Consensus

Bottom Line

The stock has also started to move higher lately, adding 5.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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