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Vera Bradley (VRA) Surges 14.2%: Is This an Indication of Further Gains?
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Vera Bradley, Inc. (VRA - Free Report) shares rallied 14.2% in the last trading session to close at $8.05. 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 37.2% gain over the past four weeks.
Vera Bradley's ongoing transformation efforts, improving direct-channel demand and strengthening comparable sales trends bode well for its growth prospects. Additionally, disciplined inventory management, improving margin structure, robust cash generation, and a debt-free balance sheet provide financial flexibility to support operational improvements.
This leading designer of women's handbags, luggage and other travel items, fashion and home accessories is expected to post a quarterly loss of $0.20 per share in its upcoming report, which represents a year-over-year change of +33.3%. Revenues are expected to be $57.12 million, down 8.2% 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 Vera Bradley, 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 VRA going forward to see if this recent jump can turn into more strength down the road.
Vera Bradley is a member of the Zacks Retail - Apparel and Shoes industry. One other stock in the same industry, Stitch Fix (SFIX - Free Report) , finished the last trading session 6.9% higher at $2.93. SFIX has returned -3.5% over the past month.
For Stitch Fix, the consensus EPS estimate for the upcoming report has changed -16.7% over the past month to -$0.07. This represents a change of -40% from what the company reported a year ago. Stitch Fix currently has a Zacks Rank of #4 (Sell).
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Vera Bradley (VRA) Surges 14.2%: Is This an Indication of Further Gains?
Vera Bradley, Inc. (VRA - Free Report) shares rallied 14.2% in the last trading session to close at $8.05. 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 37.2% gain over the past four weeks.
Vera Bradley's ongoing transformation efforts, improving direct-channel demand and strengthening comparable sales trends bode well for its growth prospects. Additionally, disciplined inventory management, improving margin structure, robust cash generation, and a debt-free balance sheet provide financial flexibility to support operational improvements.
This leading designer of women's handbags, luggage and other travel items, fashion and home accessories is expected to post a quarterly loss of $0.20 per share in its upcoming report, which represents a year-over-year change of +33.3%. Revenues are expected to be $57.12 million, down 8.2% 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 Vera Bradley, 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 VRA going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Vera Bradley is a member of the Zacks Retail - Apparel and Shoes industry. One other stock in the same industry, Stitch Fix (SFIX - Free Report) , finished the last trading session 6.9% higher at $2.93. SFIX has returned -3.5% over the past month.
For Stitch Fix, the consensus EPS estimate for the upcoming report has changed -16.7% over the past month to -$0.07. This represents a change of -40% from what the company reported a year ago. Stitch Fix currently has a Zacks Rank of #4 (Sell).