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Shoe Station Group (SHOE) Stock Jumps 5.1%: Will It Continue to Soar?
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Shoe Station Group (SHOE - Free Report) shares ended the last trading session 5.1% higher at $13.49. 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 17.4% loss over the past four weeks.
Shoe Station’s stock rally is an extension of its recent name change, which reinforces the company’s shift toward a multi-banner strategy centered on Shoe Station as its primary long-term growth vehicle. Momentum is also supported by plans to expand the Shoe Station banner, strengthen customer engagement across Shoe Carnival, use data and digital capabilities to deepen relationships, attract new shoppers and pursue strategic acquisitions of other footwear retailers to accelerate growth.
This footwear retailer is expected to post quarterly earnings of $0.32 per share in its upcoming report, which represents a year-over-year change of -54.3%. Revenues are expected to be $299.19 million, down 2.4% 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 Shoe Station Group, 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 SHOE going forward to see if this recent jump can turn into more strength down the road.
Shoe Station Group is a member of the Zacks Shoes and Retail Apparel industry. One other stock in the same industry, Nike (NKE - Free Report) , finished the last trading session 0.3% higher at $38.24. NKE has returned -8.2% over the past month.
Nike's consensus EPS estimate for the upcoming report has changed -0.4% over the past month to $0.44. Compared to the company's year-ago EPS, this represents a change of -10.2%. Nike currently boasts a Zacks Rank of #3 (Hold).
View the Zacks #1 Rank List
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Shoe Station Group (SHOE) Stock Jumps 5.1%: Will It Continue to Soar?
Shoe Station Group (SHOE - Free Report) shares ended the last trading session 5.1% higher at $13.49. 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 17.4% loss over the past four weeks.
Shoe Station’s stock rally is an extension of its recent name change, which reinforces the company’s shift toward a multi-banner strategy centered on Shoe Station as its primary long-term growth vehicle. Momentum is also supported by plans to expand the Shoe Station banner, strengthen customer engagement across Shoe Carnival, use data and digital capabilities to deepen relationships, attract new shoppers and pursue strategic acquisitions of other footwear retailers to accelerate growth.
This footwear retailer is expected to post quarterly earnings of $0.32 per share in its upcoming report, which represents a year-over-year change of -54.3%. Revenues are expected to be $299.19 million, down 2.4% 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 Shoe Station Group, 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 SHOE 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 >>>>
Shoe Station Group is a member of the Zacks Shoes and Retail Apparel industry. One other stock in the same industry, Nike (NKE - Free Report) , finished the last trading session 0.3% higher at $38.24. NKE has returned -8.2% over the past month.
Nike's consensus EPS estimate for the upcoming report has changed -0.4% over the past month to $0.44. Compared to the company's year-ago EPS, this represents a change of -10.2%. Nike currently boasts a Zacks Rank of #3 (Hold).