Rent-A-Center (RCII - Free Report) closed the most recent trading day at $21.34, moving +0.19% from the previous trading session. This change lagged the S&P 500's 0.5% gain on the day. Elsewhere, the Dow gained 0.54%, while the tech-heavy Nasdaq added 0.76%.
Coming into today, shares of the company that leases furniture and appliances with an option to buy had gained 19.6% in the past month. In that same time, the Consumer Discretionary sector gained 2.13%, while the S&P 500 gained 2.53%.
Investors will be hoping for strength from RCII as it approaches its next earnings release. On that day, RCII is projected to report earnings of $0.29 per share, which would represent year-over-year growth of 462.5%. Meanwhile, our latest consensus estimate is calling for revenue of $682.40 million, down 2.24% from the prior-year quarter.
Investors might also notice recent changes to analyst estimates for RCII. These recent revisions tend to reflect the evolving nature of short-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.
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 6.39% higher. RCII is holding a Zacks Rank of #1 (Strong Buy) right now.
In terms of valuation, RCII is currently trading at a Forward P/E ratio of 11.32. This valuation marks a discount compared to its industry's average Forward P/E of 12.69.
The Consumer Services - Miscellaneous industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 103, putting it in the top 41% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. 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.