Rent-A-Center, Inc. (RCII - Free Report) is a rent-to-own operator in the United States offering durable goods such as consumer electronics, appliances, computers, furniture and accessories that could be an interesting play for investors. That is because, not only does the earnings estimate revision front as well.
These positive earnings estistock have decent short-term momentum, but it is seeing solid activity on the mate revisions suggest that analysts are becoming more optimistic on RCII’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Rent-A-Center could be a solid choice for investors.
Current Quarter Estimates for RCII
In the past 30 days, five estimates have gone higher for Rent-A-Center while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 5 cents a share 30 days ago, to 23 cents today, a move of 360%.
Current Year Estimates for RCII
Meanwhile, Rent-A-Center’s current year figures are also looking quite promising, with five estimates moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing/narrowing from 12 cents per share 30 days ago to 67 cents per share today, an increase of 458.3%.
The stock has also started to move higher lately, adding 46% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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