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Kush Bottles, Inc. (KSHB) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Kush Bottles, Inc. (KSHB - Free Report) closed at $5.42, marking a -0.18% move from the previous day. This change lagged the S&P 500's 0.85% gain on the day. Elsewhere, the Dow gained 0.75%, while the tech-heavy Nasdaq added 1.29%.
Heading into today, shares of the company had gained 11.27% over the past month, lagging the Conglomerates sector's gain of 14.13% and the S&P 500's gain of 12.44% in that time.
Wall Street will be looking for positivity from KSHB as it approaches its next earnings report date. This is expected to be April 10, 2019. On that day, KSHB is projected to report earnings of -$0.08 per share, which would represent a year-over-year decline of 700%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $27 million, up 160.62% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.32 per share and revenue of $118.10 million, which would represent changes of -100% and +126.79%, respectively, from the prior year.
Any recent changes to analyst estimates for KSHB should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 270.59% lower. KSHB is currently a Zacks Rank #3 (Hold).
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Kush Bottles, Inc. (KSHB) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Kush Bottles, Inc. (KSHB - Free Report) closed at $5.42, marking a -0.18% move from the previous day. This change lagged the S&P 500's 0.85% gain on the day. Elsewhere, the Dow gained 0.75%, while the tech-heavy Nasdaq added 1.29%.
Heading into today, shares of the company had gained 11.27% over the past month, lagging the Conglomerates sector's gain of 14.13% and the S&P 500's gain of 12.44% in that time.
Wall Street will be looking for positivity from KSHB as it approaches its next earnings report date. This is expected to be April 10, 2019. On that day, KSHB is projected to report earnings of -$0.08 per share, which would represent a year-over-year decline of 700%. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $27 million, up 160.62% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of -$0.32 per share and revenue of $118.10 million, which would represent changes of -100% and +126.79%, respectively, from the prior year.
Any recent changes to analyst estimates for KSHB should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Within the past 30 days, our consensus EPS projection has moved 270.59% lower. KSHB is currently a Zacks Rank #3 (Hold).
The Diversified Operations industry is part of the Conglomerates sector. This industry currently has a Zacks Industry Rank of 151, which puts it in the bottom 42% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.