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Yeti (YETI) Stock Sinks As Market Gains: What You Should Know
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In the latest trading session, Yeti (YETI - Free Report) closed at $29.99, marking a -0.86% move from the previous day. This move lagged the S&P 500's daily gain of 1.16%. At the same time, the Dow added 1.27%, and the tech-heavy Nasdaq gained 1.29%.
Heading into today, shares of the maker of outdoor and recreational products had gained 26.09% over the past month, outpacing the Consumer Discretionary sector's loss of 0.84% and the S&P 500's gain of 1.92% in that time.
Investors will be hoping for strength from YETI as it approaches its next earnings release.
YETI's full-year Zacks Consensus Estimates are calling for earnings of $1.02 per share and revenue of $877 million. These results would represent year-over-year changes of +12.09% and +12.6%, respectively.
Any recent changes to analyst estimates for YETI should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. YETI is currently a Zacks Rank #1 (Strong Buy).
Investors should also note YETI's current valuation metrics, including its Forward P/E ratio of 29.56. This represents a premium compared to its industry's average Forward P/E of 15.09.
Investors should also note that YETI has a PEG ratio of 1.85 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Leisure and Recreation Products industry currently had an average PEG ratio of 0.94 as of yesterday's close.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 99, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Yeti (YETI) Stock Sinks As Market Gains: What You Should Know
In the latest trading session, Yeti (YETI - Free Report) closed at $29.99, marking a -0.86% move from the previous day. This move lagged the S&P 500's daily gain of 1.16%. At the same time, the Dow added 1.27%, and the tech-heavy Nasdaq gained 1.29%.
Heading into today, shares of the maker of outdoor and recreational products had gained 26.09% over the past month, outpacing the Consumer Discretionary sector's loss of 0.84% and the S&P 500's gain of 1.92% in that time.
Investors will be hoping for strength from YETI as it approaches its next earnings release.
YETI's full-year Zacks Consensus Estimates are calling for earnings of $1.02 per share and revenue of $877 million. These results would represent year-over-year changes of +12.09% and +12.6%, respectively.
Any recent changes to analyst estimates for YETI should also be noted by investors. Recent revisions tend to reflect the latest near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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 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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. YETI is currently a Zacks Rank #1 (Strong Buy).
Investors should also note YETI's current valuation metrics, including its Forward P/E ratio of 29.56. This represents a premium compared to its industry's average Forward P/E of 15.09.
Investors should also note that YETI has a PEG ratio of 1.85 right now. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Leisure and Recreation Products industry currently had an average PEG ratio of 0.94 as of yesterday's close.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 99, putting it in the top 39% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.