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Caleres, Inc. (CAL - Free Report) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 5.8% in the past one month.
The move came after the company reported better-than-expected first-quarter 2017 results.
The company has seen two negative estimate revisions in the past thirty days, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past month, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Caleres currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Is CAL going up? Or down? Predict to see what others think: Up or Down
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 >>
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Caleres (CAL) Soars: Stock Adds 9.1% in Session
Caleres, Inc. (CAL - Free Report) was a big mover last session, as the company saw its shares rise over 9% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This reverses the recent trend for the company—as the stock is now down 5.8% in the past one month.
The move came after the company reported better-than-expected first-quarter 2017 results.
The company has seen two negative estimate revisions in the past thirty days, while its Zacks Consensus Estimate for the current quarter has also moved lower over the past month, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
Caleres currently has a Zacks Rank #3 (Hold) while its Earnings ESP is negative.
Caleres, Inc. Price and Consensus
Caleres, Inc. Price and Consensus | Caleres, Inc. Quote
A better-ranked stock in the Shoes and Retail Apparel industry is Adidas AG (ADDYY - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
Is CAL going up? Or down? Predict to see what others think: Up or Down
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 >>