We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Factors Setting the Tone for YETI Holdings' (YETI) Q2 Earnings
Read MoreHide Full Article
YETI Holdings, Inc. (YETI - Free Report) is scheduled to report second-quarter 2019 results on Aug 1, before the market opens. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 166.7%. Also, its earnings outpaced expectations in each of the last three quarters, the average being 63.4%.
Q2 Expectations
The Zacks Consensus Estimate for the company’s second-quarter earnings is pegged at 30 cents. Over the past 30 days, its earnings estimates have remained unchanged. For quarterly revenues, the consensus mark is pinned at $224.2 million.
Let’s delve deeper to find out how the company’s top and bottom lines will shape up this earnings season.
Factors Likely to Aid Q2 Results
YETI Holdings’ high-quality product pipeline, strong brand presence and robust supply chain are likely to have driven second-quarter results. The company’s robust growth across categories and channel has led it to witness revenue growth of 15% in the first quarter of 2019. This upside trend is likely to have continued in the second quarter as well.
Meanwhile, in the first quarter of 2019, YETI Holding’s gross margin expanded 700 basis points (bps) and adjusted operating margin was up 370 bps year over year. We believe that cost improvements across portfolios, favorable shift in channel mix and no inventory charges are likely to have driven earnings in the second quarter of 2019.
What Does the Zacks Model Say?
Our proven model does not conclusively predict that YETI Holdings is likely to beat earnings estimates in the second quarter. This is because a stock needs to have — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
Here are a few stocks from the Consumer Discretionary sector that investors may consider as our model shows that these have the right combination of elements to post an earnings beat in the second quarter:
SeaWorld presently has an Earnings ESP of +11.01% and a Zacks Rank #2. The company is scheduled to report quarterly numbers on Aug 6.
Callaway Golf currently sports a Zacks Rank #1 and is supposed to report quarterly results on Aug 8. The company’s Earnings ESP is +2.97%.
Wynn Resorts (WYNN - Free Report) has a Zacks Rank #3 and an Earnings ESP of +2.65% at present.
Radical New Technology Creates $12.3 Trillion Opportunity
Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.
Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
Image: Bigstock
Factors Setting the Tone for YETI Holdings' (YETI) Q2 Earnings
YETI Holdings, Inc. (YETI - Free Report) is scheduled to report second-quarter 2019 results on Aug 1, before the market opens. In the last reported quarter, the company’s earnings surpassed the Zacks Consensus Estimate by 166.7%. Also, its earnings outpaced expectations in each of the last three quarters, the average being 63.4%.
Q2 Expectations
The Zacks Consensus Estimate for the company’s second-quarter earnings is pegged at 30 cents. Over the past 30 days, its earnings estimates have remained unchanged. For quarterly revenues, the consensus mark is pinned at $224.2 million.
Let’s delve deeper to find out how the company’s top and bottom lines will shape up this earnings season.
Factors Likely to Aid Q2 Results
YETI Holdings’ high-quality product pipeline, strong brand presence and robust supply chain are likely to have driven second-quarter results. The company’s robust growth across categories and channel has led it to witness revenue growth of 15% in the first quarter of 2019. This upside trend is likely to have continued in the second quarter as well.
Meanwhile, in the first quarter of 2019, YETI Holding’s gross margin expanded 700 basis points (bps) and adjusted operating margin was up 370 bps year over year. We believe that cost improvements across portfolios, favorable shift in channel mix and no inventory charges are likely to have driven earnings in the second quarter of 2019.
What Does the Zacks Model Say?
Our proven model does not conclusively predict that YETI Holdings is likely to beat earnings estimates in the second quarter. This is because a stock needs to have — a positive Earnings ESP and a Zacks Rank #1 (Strong Buy), 2 (Buy) or 3 (Hold) — for this to happen. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.
YETI Holdings has an Earnings ESP of -1.24% and a Zacks Rank #3 at present, which make surprise prediction difficult. You can see the complete list of today’s Zacks #1 Rank stocks here.
Meanwhile, we caution against stocks with a Zacks Rank #4 or 5 (Sell-rated) going into the earnings announcement, especially when the company is seeing negative estimate revisions.
YETI Holdings, Inc. Price and EPS Surprise
YETI Holdings, Inc. price-eps-surprise | YETI Holdings, Inc. Quote
Stocks With Favorable Combinations
Here are a few stocks from the Consumer Discretionary sector that investors may consider as our model shows that these have the right combination of elements to post an earnings beat in the second quarter:
SeaWorld presently has an Earnings ESP of +11.01% and a Zacks Rank #2. The company is scheduled to report quarterly numbers on Aug 6.
Callaway Golf currently sports a Zacks Rank #1 and is supposed to report quarterly results on Aug 8. The company’s Earnings ESP is +2.97%.
Wynn Resorts (WYNN - Free Report) has a Zacks Rank #3 and an Earnings ESP of +2.65% at present.
Radical New Technology Creates $12.3 Trillion Opportunity
Imagine buying Microsoft stock in the early days of personal computers… or Motorola after it released the world’s first cell phone. These technologies changed our lives and created massive profits for investors.
Today, we’re on the brink of the next quantum leap in technology. 7 innovative companies are leading this “4th Industrial Revolution” - and early investors stand to earn the biggest profits.
See the 7 breakthrough stocks now>>