Lifetime Brands (LCUT - Free Report) shares ended the last trading session 10.9% higher at $5.11. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7.6% loss over the past four weeks.
Lifetime Brands' rally is primarily driven by optimism regarding the company's core business strength in spite of a tough macroeconomic and soft consumer spending environment. Solid momentum in its international business, supported by the restructuring of its European operations and the popularity of its KitchenAid brand in European markets, bodes well for the company. Also, on Jun 22, 2023, the company approved the payout of a quarterly cash dividend of 4.25 cents per share to shareholders on record as of Aug 1, which will be paid out on Aug 15.
This kitchen products company is expected to post quarterly loss of $0.22 per share in its upcoming report, which represents a year-over-year change of -57.1%. Revenues are expected to be $133.16 million, down 12% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Lifetime Brands, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LCUT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Lifetime Brands is part of the Zacks Consumer Products - Discretionary industry. Reynolds Consumer Products (REYN - Free Report) , another stock in the same industry, closed the last trading session 0.6% lower at $28.17. REYN has returned 4.5% in the past month.
Reynolds Consumer Products' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.28. Compared to the company's year-ago EPS, this represents a change of +7.7%. Reynolds Consumer Products currently boasts a Zacks Rank of #3 (Hold).
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Lifetime Brands (LCUT - Free Report) shares ended the last trading session 10.9% higher at $5.11. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 7.6% loss over the past four weeks.
Lifetime Brands' rally is primarily driven by optimism regarding the company's core business strength in spite of a tough macroeconomic and soft consumer spending environment. Solid momentum in its international business, supported by the restructuring of its European operations and the popularity of its KitchenAid brand in European markets, bodes well for the company. Also, on Jun 22, 2023, the company approved the payout of a quarterly cash dividend of 4.25 cents per share to shareholders on record as of Aug 1, which will be paid out on Aug 15.
This kitchen products company is expected to post quarterly loss of $0.22 per share in its upcoming report, which represents a year-over-year change of -57.1%. Revenues are expected to be $133.16 million, down 12% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Lifetime Brands, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on LCUT going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Lifetime Brands is part of the Zacks Consumer Products - Discretionary industry. Reynolds Consumer Products (REYN - Free Report) , another stock in the same industry, closed the last trading session 0.6% lower at $28.17. REYN has returned 4.5% in the past month.
Reynolds Consumer Products' consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.28. Compared to the company's year-ago EPS, this represents a change of +7.7%. Reynolds Consumer Products currently boasts a Zacks Rank of #3 (Hold).
Infrastructure Stock Boom to Sweep America
A massive push to rebuild the crumbling U.S. infrastructure will soon be underway. It’s bipartisan, urgent, and inevitable. Trillions will be spent. Fortunes will be made.
The only question is “Will you get into the right stocks early when their growth potential is greatest?”
Zacks has released a Special Report to help you do just that, and today it’s free. Discover 5 special companies that look to gain the most from construction and repair to roads, bridges, and buildings, plus cargo hauling and energy transformation on an almost unimaginable scale.
Download FREE: How To Profit From Trillions On Spending For Infrastructure >>
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