Shoe Carnival (SCVL - Free Report) closed at $38.64 in the latest trading session, marking a +1.87% move from the prior day. The stock outpaced the S&P 500's daily gain of 1.09%. Meanwhile, the Dow gained 1.13%, and the Nasdaq, a tech-heavy index, added 1.51%.
Coming into today, shares of the footwear retailer had lost 6.48% in the past month. In that same time, the Retail-Wholesale sector gained 3.9%, while the S&P 500 gained 1.92%.
Investors will be hoping for strength from SCVL as it approaches its next earnings release, which is expected to be March 26, 2019. In that report, analysts expect SCVL to post earnings of $0.02 per share. This would mark a year-over-year decline of 81.82%. Our most recent consensus estimate is calling for quarterly revenue of $225.60 million, down 7.25% from the year-ago period.
SCVL's full-year Zacks Consensus Estimates are calling for earnings of $2.38 per share and revenue of $1.02 billion. These results would represent year-over-year changes of +59.73% and +0.14%, respectively.
Investors might also notice recent changes to analyst estimates for SCVL. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 10.19% higher. SCVL is holding a Zacks Rank of #1 (Strong Buy) right now.
Valuation is also important, so investors should note that SCVL has a Forward P/E ratio of 15.94 right now. Its industry sports an average Forward P/E of 13.98, so we one might conclude that SCVL is trading at a premium comparatively.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This group has a Zacks Industry Rank of 84, putting it in the top 33% 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.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.