Conn's (CONN - Free Report) closed at $35.35 in the latest trading session, marking a +1.29% move from the prior day. This move outpaced the S&P 500's daily of 0%. Meanwhile, the Dow gained 0.07%, and the Nasdaq, a tech-heavy index, added 0.06%.
Prior to today's trading, shares of the retailer had lost 11.14% over the past month. This has lagged the Retail-Wholesale sector's gain of 0.86% and the S&P 500's gain of 0.78% in that time.
Wall Street will be looking for positivity from CONN as it approaches its next earnings report date. This is expected to be December 6, 2018. The company is expected to report EPS of $0.58, up 222.22% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $384.69 million, up 3.09% from the year-ago period.
For the full year, our Zacks Consensus Estimates are projecting earnings of $2.41 per share and revenue of $1.57 billion, which would represent changes of +153.68% and +3.35%, respectively, from the prior year.
Investors should also note any recent changes to analyst estimates for CONN. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 8.84% higher. CONN is currently a Zacks Rank #2 (Buy).
Looking at its valuation, CONN is holding a Forward P/E ratio of 14.47. Its industry sports an average Forward P/E of 15.31, so we one might conclude that CONN is trading at a discount comparatively.
Investors should also note that CONN has a PEG ratio of 0.63 right now. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Consumer Electronics was holding an average PEG ratio of 0.92 at yesterday's closing price.
The Retail - Consumer Electronics industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 38, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
To follow CONN in the coming trading sessions, be sure to utilize Zacks.com.