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a.k.a. Brands (AKA) Surges 5.9%: Is This an Indication of Further Gains?
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a.k.a. Brands (AKA - Free Report) shares rallied 5.9% in the last trading session to close at $9.1. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.5% loss over the past four weeks.
The stock is driven by the company's focus on expanding its business via omnichannel growth, disciplined operations and data-driven merchandising. The company continues to broaden its distribution by investing in physical retail stores, wholesale partnerships and online marketplaces, enabling its brands to reach customers across multiple shopping channels. It is also investing in the long-term growth of its brand portfolio.
This portfolio of online fashion brands is expected to post quarterly loss of $0.35 per share in its upcoming report, which represents a year-over-year change of -2.9%. Revenues are expected to be $163.74 million, up 2% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For a.k.a. Brands, 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 AKA going forward to see if this recent jump can turn into more strength down the road.
a.k.a. Brands belongs to the Zacks Retail - Apparel and Shoes industry. Another stock from the same industry, Boot Barn (BOOT - Free Report) , closed the last trading session 5.1% higher at $174.22. Over the past month, BOOT has returned 16.5%.
Boot Barn's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.69. Compared to the company's year-ago EPS, this represents a change of -2.9%. Boot Barn currently boasts a Zacks Rank of #3.
View the Zacks #1 Rank List
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a.k.a. Brands (AKA) Surges 5.9%: Is This an Indication of Further Gains?
a.k.a. Brands (AKA - Free Report) shares rallied 5.9% in the last trading session to close at $9.1. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 12.5% loss over the past four weeks.
The stock is driven by the company's focus on expanding its business via omnichannel growth, disciplined operations and data-driven merchandising. The company continues to broaden its distribution by investing in physical retail stores, wholesale partnerships and online marketplaces, enabling its brands to reach customers across multiple shopping channels. It is also investing in the long-term growth of its brand portfolio.
This portfolio of online fashion brands is expected to post quarterly loss of $0.35 per share in its upcoming report, which represents a year-over-year change of -2.9%. Revenues are expected to be $163.74 million, up 2% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For a.k.a. Brands, 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 AKA 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 >>>>
a.k.a. Brands belongs to the Zacks Retail - Apparel and Shoes industry. Another stock from the same industry, Boot Barn (BOOT - Free Report) , closed the last trading session 5.1% higher at $174.22. Over the past month, BOOT has returned 16.5%.
Boot Barn's consensus EPS estimate for the upcoming report has remained unchanged over the past month at $1.69. Compared to the company's year-ago EPS, this represents a change of -2.9%. Boot Barn currently boasts a Zacks Rank of #3.