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.
With the market just under all-time highs, it may feel like any stock you pick is a good idea. While that may be the case in the short run, over the long run, stocks with strong earnings will outperform. Stock prices tend to move with earnings so this makes perfect sense. But how can you uncover stocks with strong earnings trends? One of the easiest ways is to use the Zacks Rank. Stocks with strong earnings trends tend to have very good Zacks Ranks. Today’s Bull of the Day is one of these highly rated stocks.
Today’s Bull of the Day is Zacks Rank #1 (Strong Buy) Zumiez (ZUMZ - Free Report) . Zumiez Inc., together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of August 31, 2019, the company operated 711 stores, including 607 stores in the United States, 51 stores in Canada, 43 stores in Europe, and 10 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times. It also operates zumiez.com, blue-tomato.com, and fasttimes.com.au e-commerce Websites.
Zumiez is a Zacks Rank #1 (Strong Buy) in the Retail – Apparel and Shoes industry which ranks in the Top 15% of our Zacks Industry Rank. The reason for the favorable rank lies in the series of earnings revisions coming in to the upside recently. Over the last seven days, six analysts have increased their earnings estimates for the current year while five have upped their estimates for next year. The bullish sentiment has pushed up the Zacks Consensus Estimate for the current year from $2.15 to $2.44 while next year’s number has gone up from $2.24 to $2.49.
The positive revisions have been helping the stock rally. After bottoming out under $19 in early June, the stock has rallied dramatically. Shares popped up over $35 following its most recent earnings report. For the last two days, the stock has been giving up ground, coming down to look for support.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through Q3 2019, while the S&P 500 gained +39.6%, five of our strategies returned +51.8%, +57.5%, +96.9%, +119.0%, and even +158.9%.
This outperformance has not just been a recent phenomenon. From 2000 – Q3 2019, while the S&P averaged +5.6% per year, our top strategies averaged up to +54.1% per year.
Image: Bigstock
Bull of the Day: Zumiez (ZUMZ)
With the market just under all-time highs, it may feel like any stock you pick is a good idea. While that may be the case in the short run, over the long run, stocks with strong earnings will outperform. Stock prices tend to move with earnings so this makes perfect sense. But how can you uncover stocks with strong earnings trends? One of the easiest ways is to use the Zacks Rank. Stocks with strong earnings trends tend to have very good Zacks Ranks. Today’s Bull of the Day is one of these highly rated stocks.
Today’s Bull of the Day is Zacks Rank #1 (Strong Buy) Zumiez (ZUMZ - Free Report) . Zumiez Inc., together with its subsidiaries, operates as a specialty retailer of apparel, footwear, accessories, and hardgoods for young men and women. Its hardgoods include skateboards, snowboards, bindings, components, and other equipment. As of August 31, 2019, the company operated 711 stores, including 607 stores in the United States, 51 stores in Canada, 43 stores in Europe, and 10 stores in Australia under the names of Zumiez, Blue Tomato, and Fast Times. It also operates zumiez.com, blue-tomato.com, and fasttimes.com.au e-commerce Websites.
Zumiez is a Zacks Rank #1 (Strong Buy) in the Retail – Apparel and Shoes industry which ranks in the Top 15% of our Zacks Industry Rank. The reason for the favorable rank lies in the series of earnings revisions coming in to the upside recently. Over the last seven days, six analysts have increased their earnings estimates for the current year while five have upped their estimates for next year. The bullish sentiment has pushed up the Zacks Consensus Estimate for the current year from $2.15 to $2.44 while next year’s number has gone up from $2.24 to $2.49.
Zumiez Inc. Price and Consensus
Zumiez Inc. price-consensus-chart | Zumiez Inc. Quote
The positive revisions have been helping the stock rally. After bottoming out under $19 in early June, the stock has rallied dramatically. Shares popped up over $35 following its most recent earnings report. For the last two days, the stock has been giving up ground, coming down to look for support.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through Q3 2019, while the S&P 500 gained +39.6%, five of our strategies returned +51.8%, +57.5%, +96.9%, +119.0%, and even +158.9%.
This outperformance has not just been a recent phenomenon. From 2000 – Q3 2019, while the S&P averaged +5.6% per year, our top strategies averaged up to +54.1% per year.
See their latest picks free >>