Baozun Inc. closed the most recent trading day at $41.69, moving +1.21% from the previous trading session. This move outpaced the S&P 500's daily gain of 0.58%. Elsewhere, the Dow gained 0.45%, while the tech-heavy Nasdaq added 1.13%.
Heading into today, shares of the company had gained 0.56% over the past month, outpacing the Computer and Technology sector's loss of 4.08% and the S&P 500's loss of 2.34% in that time.
BZUN will be looking to display strength as it nears its next earnings release, which is expected to be May 29, 2019.
It is also important to note the recent changes to analyst estimates for BZUN. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
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. Over the past month, the Zacks Consensus EPS estimate remained stagnant. BZUN is currently a Zacks Rank #3 (Hold).
Looking at its valuation, BZUN is holding a Forward P/E ratio of 33.76. For comparison, its industry has an average Forward P/E of 18.69, which means BZUN is trading at a premium to the group.
The Computers - IT Services industry is part of the Computer and Technology sector. This group has a Zacks Industry Rank of 66, putting it in the top 26% 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.
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