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Falling Earnings Estimates Signal Weakness Ahead for Tilly's (TLYS)
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Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Tilly's, Inc. (TLYS - Free Report) , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in TLYS.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen four estimates moving down in the past 30 days, compared with just no upward revisions. This trend has caused the consensus estimate to trend lower, going from 47 cents a share a month ago to its current level of 38 cents.
Also, for the current quarter, Tilly's has seen three downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to a loss of 10 cents a share from a los of 4 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 23% in the past month.
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Retail - Apparel and Shoes industry, you may instead consider a better-ranked stock - Kering SA (PPRUY - Free Report) . The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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Falling Earnings Estimates Signal Weakness Ahead for Tilly's (TLYS)
Similar to wise buying decisions, exiting certain underperformers at the right time helps maximize portfolio returns. Selling off losers can be difficult, but if both the share price and estimates are falling, it could be time to get rid of the security before more losses hit your portfolio.
One such stock that you may want to consider dropping is Tilly's, Inc. (TLYS - Free Report) , which has witnessed a significant price decline in the past four weeks, and it has seen negative earnings estimate revisions for the current quarter and the current year. A Zacks Rank #4 (Sell) further confirms weakness in TLYS.
A key reason for this move has been the negative trend in earnings estimate revisions. For the full year, we have seen four estimates moving down in the past 30 days, compared with just no upward revisions. This trend has caused the consensus estimate to trend lower, going from 47 cents a share a month ago to its current level of 38 cents.
Also, for the current quarter, Tilly's has seen three downward estimate revisions versus no revisions in the opposite direction, dragging the consensus estimate down to a loss of 10 cents a share from a los of 4 cents over the past 30 days.
The stock also has seen some pretty dismal trading lately, as the share price has dropped 23% in the past month.
Tilly's, Inc. Price and Consensus
Tilly's, Inc. Price and Consensus | Tilly's, Inc. Quote
So it may not be a good decision to keep this stock in your portfolio anymore, at least if you don’t have a long time horizon to wait.
If you are still interested in the Retail - Apparel and Shoes industry, you may instead consider a better-ranked stock - Kering SA (PPRUY - Free Report) . The stock currently holds a Zacks Rank #1 (Strong Buy) and may be a better selection at this time. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Looking for Ideas with Even Greater Upside?
Today's investment ideas are short-term, directly based on our proven 1 to 3 month indicator. In addition, I invite you to consider our long-term opportunities. These rare trades look to start fast with strong Zacks Ranks, but carry through with double and triple-digit profit potential. Starting now, you can look inside our home run, value, and stocks under $10 portfolios, plus more. Click here for a peek at this private information >>