Today’s Bull of the Day is a stock that is set to report earnings. I understand that could make me look like the Donkey of the Day for writing this up. The flipside of that is I could look like an omniscient oracle all things stock market. I am willing to take that risk. What exactly is a “Bull of the Day” the ask? Well, the Bull of the Day is a stock that is currently in the good graces of the Zacks Rank. The Zacks Rank leans on earnings estimates coming from analysts all over Wall Street. When those analysts increase their earnings estimates, we assume they are doing it for good reason. The more analysts increasing those estimates, and the larger the margin is, the more bullish we can assume it is. That’s the secret sauce of the Zacks Rank.
Today’s Bull of the Day is in the good graces of the Zacks Rank. It’s a Zacks Rank #1 (Strong Buy) Sportsman’s Warehouse (SPWH - Free Report) . Sportsman's Warehouse Holdings, Inc., together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.
The reason for the favorable Zacks Rank is the series of positive earnings estimates coming from analysts. Over the last ninety days, two analysts have increased their earnings estimates for the current quarter as well as the current year. The bullish sentiment has pushed up our Zacks Consensus Estimate from 16 cents to 31 cents for the current quarter while the current year number is up from 63 cents to 91 cents. That 91-cent number would represent year-over-year growth of 93.62%. That’s on forecast revenue growth of 23.6%.
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Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
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Today’s Bull of the Day is a stock that is set to report earnings. I understand that could make me look like the Donkey of the Day for writing this up. The flipside of that is I could look like an omniscient oracle all things stock market. I am willing to take that risk. What exactly is a “Bull of the Day” the ask? Well, the Bull of the Day is a stock that is currently in the good graces of the Zacks Rank. The Zacks Rank leans on earnings estimates coming from analysts all over Wall Street. When those analysts increase their earnings estimates, we assume they are doing it for good reason. The more analysts increasing those estimates, and the larger the margin is, the more bullish we can assume it is. That’s the secret sauce of the Zacks Rank.
Today’s Bull of the Day is in the good graces of the Zacks Rank. It’s a Zacks Rank #1 (Strong Buy) Sportsman’s Warehouse (SPWH - Free Report) . Sportsman's Warehouse Holdings, Inc., together with its subsidiaries, operates as an outdoor sporting goods retailer in the United States. It offers camping products, such as backpacks, camp essentials, canoes and kayaks, coolers, outdoor cooking equipment, sleeping bags, tents, and tools; and clothing products, including camouflage, jackets, hats, outerwear, sportswear, technical gear, and work wear.
The reason for the favorable Zacks Rank is the series of positive earnings estimates coming from analysts. Over the last ninety days, two analysts have increased their earnings estimates for the current quarter as well as the current year. The bullish sentiment has pushed up our Zacks Consensus Estimate from 16 cents to 31 cents for the current quarter while the current year number is up from 63 cents to 91 cents. That 91-cent number would represent year-over-year growth of 93.62%. That’s on forecast revenue growth of 23.6%.
Looking for Stocks with Skyrocketing Upside?
Zacks has just released a Special Report on the booming investment opportunities of legal marijuana.
Ignited by new referendums and legislation, this industry is expected to blast from an already robust $6.7 billion to $20.2 billion in 2021. Early investors stand to make a killing, but you have to be ready to act and know just where to look.
See the pot trades we're targeting>>
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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