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Savers Value (SVV) Surges 5.9%: Is This an Indication of Further Gains?
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Savers Value Village (SVV - Free Report) shares ended the last trading session 5.9% higher at $13.2. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 8.9% gain over the past four weeks.
SVV shares have been gaining on the optimism surrounding consistent momentum in its U.S. operations, supported by higher transactions and larger basket sizes. The retailer’s disciplined execution, sharp price-value proposition, and compelling assortment continue to attract a broader consumer base, while Canada’s steady recovery adds further strength to its performance.
This retailer of second-hand merchandise is expected to post quarterly earnings of $0.14 per share in its upcoming report, which represents a year-over-year change of -6.7%. Revenues are expected to be $426.27 million, up 8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Savers Value, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SVV going forward to see if this recent jump can turn into more strength down the road.
Savers Value is part of the Zacks Textile - Apparel industry. Superior Group (SGC - Free Report) , another stock in the same industry, closed the last trading session 1% higher at $11.09. SGC has returned -16.3% in the past month.
For Superior Group, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.22. This represents a change of -33.3% from what the company reported a year ago. Superior Group currently has a Zacks Rank of #3 (Hold).
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Savers Value (SVV) Surges 5.9%: Is This an Indication of Further Gains?
Savers Value Village (SVV - Free Report) shares ended the last trading session 5.9% higher at $13.2. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 8.9% gain over the past four weeks.
SVV shares have been gaining on the optimism surrounding consistent momentum in its U.S. operations, supported by higher transactions and larger basket sizes. The retailer’s disciplined execution, sharp price-value proposition, and compelling assortment continue to attract a broader consumer base, while Canada’s steady recovery adds further strength to its performance.
This retailer of second-hand merchandise is expected to post quarterly earnings of $0.14 per share in its upcoming report, which represents a year-over-year change of -6.7%. Revenues are expected to be $426.27 million, up 8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For Savers Value, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on SVV going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Savers Value is part of the Zacks Textile - Apparel industry. Superior Group (SGC - Free Report) , another stock in the same industry, closed the last trading session 1% higher at $11.09. SGC has returned -16.3% in the past month.
For Superior Group, the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.22. This represents a change of -33.3% from what the company reported a year ago. Superior Group currently has a Zacks Rank of #3 (Hold).