Citi Trends, Inc. (CTRN - Free Report) , the leading value-priced retailer of urban fashion apparel and accessories, released fourth-quarter fiscal 2016 results, wherein adjusted earnings of 38 cents per share outpaced the Zacks Consensus Estimate of 36 cents. Further, the bottom line also surged 58.3% from the year-ago quarter figure of 24 cents.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has declined by a penny in the last 30 days. In the trailing four quarters (excluding the quarter under review), the company missed the Zacks Consensus Estimate by an average of nearly 63%.
Revenues: Citi Trends reported total sales of $185.5 million in the fourth quarter, which increased 5.4% year over year and almost came in line with the Zacks Consensus Estimate of $186 million. Further, comparable-store sales rose 3.4% in the quarter.
Zacks Rank: Citi Trends currently carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
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 >>
Citi Trends, Inc. (CTRN - Free Report) , the leading value-priced retailer of urban fashion apparel and accessories, released fourth-quarter fiscal 2016 results, wherein adjusted earnings of 38 cents per share outpaced the Zacks Consensus Estimate of 36 cents. Further, the bottom line also surged 58.3% from the year-ago quarter figure of 24 cents.
Earnings Estimate Revision: The Zacks Consensus Estimate for fiscal 2017 has declined by a penny in the last 30 days. In the trailing four quarters (excluding the quarter under review), the company missed the Zacks Consensus Estimate by an average of nearly 63%.
Revenues: Citi Trends reported total sales of $185.5 million in the fourth quarter, which increased 5.4% year over year and almost came in line with the Zacks Consensus Estimate of $186 million. Further, comparable-store sales rose 3.4% in the quarter.
Zacks Rank: Citi Trends currently carries a Zacks Rank #4 (Sell) which is subject to change following the earnings announcement.
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
More Stock News: 8 Companies Verge on Apple-Like Run
Did you miss Apple's 9X stock explosion after they launched their iPhone in 2007? Now 2017 looks to be a pivotal year to get in on another emerging technology expected to rock the market. Demand could soar from almost nothing to $42 billion by 2025. Reports suggest it could save 10 million lives per decade which could in turn save $200 billion in U.S. healthcare costs.
A bonus Zacks Special Report names this breakthrough and the 8 best stocks to exploit it. Like Apple in 2007, these companies are already strong and coiling for potential mega-gains. Click to see them right now >>
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 >>
Get the latest research report on CTRN - FREE