American Eagle Outfitters, Inc. (AEO - Free Report) was a big mover last session, as the company saw its shares rise nearly 6% 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 2.6% in the past one-month time frame.
The upside was likely driven by investor optimism ahead of company’s earnings release today.
The company has seen a mixed track record when it comes to estimate revision of one increase and no decrease over the past few weeks, while the Zacks Consensus Estimate for the current quarter remained unchanged. The recent price action is encouraging though, so make sure to keep a close watch on this firm in the near future.
American Eagle Outfitters currently has a Zacks Rank #4 (Sell) while its Earnings ESP is negative.
A better-ranked stock in the Retail - Apparel and Shoes industry is Next PLC (NXGPY - 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.
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