Rent-A-Center closed at $27.63 in the latest trading session, marking a +0.99% move from the prior day. This move outpaced the S&P 500's daily gain of 0.45%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq gained 0.75%.
Heading into today, shares of the company that leases furniture and appliances with an option to buy had gained 11.04% over the past month, outpacing the Consumer Discretionary sector's gain of 3.74% and the S&P 500's gain of 3.84% in that time.
Investors will be hoping for strength from RCII as it approaches its next earnings release. In that report, analysts expect RCII to post earnings of $0.56 per share. This would mark year-over-year growth of 19.15%. Our most recent consensus estimate is calling for quarterly revenue of $641.66 million, down 2.15% from the year-ago period.
RCII's full-year Zacks Consensus Estimates are calling for earnings of $2.12 per share and revenue of $2.61 billion. These results would represent year-over-year changes of +100% and -1.94%, respectively.
Investors should also note any recent changes to analyst estimates for RCII. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. RCII is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that RCII has a Forward P/E ratio of 12.89 right now. This represents a discount compared to its industry's average Forward P/E of 14.47.
The Consumer Services - Miscellaneous industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 26, putting it in the top 11% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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Rent-A-Center (RCII) Outpaces Stock Market Gains: What You Should Know
Rent-A-Center closed at $27.63 in the latest trading session, marking a +0.99% move from the prior day. This move outpaced the S&P 500's daily gain of 0.45%. At the same time, the Dow added 0.29%, and the tech-heavy Nasdaq gained 0.75%.
Heading into today, shares of the company that leases furniture and appliances with an option to buy had gained 11.04% over the past month, outpacing the Consumer Discretionary sector's gain of 3.74% and the S&P 500's gain of 3.84% in that time.
Investors will be hoping for strength from RCII as it approaches its next earnings release. In that report, analysts expect RCII to post earnings of $0.56 per share. This would mark year-over-year growth of 19.15%. Our most recent consensus estimate is calling for quarterly revenue of $641.66 million, down 2.15% from the year-ago period.
RCII's full-year Zacks Consensus Estimates are calling for earnings of $2.12 per share and revenue of $2.61 billion. These results would represent year-over-year changes of +100% and -1.94%, respectively.
Investors should also note any recent changes to analyst estimates for RCII. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for 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.
Ranging from #1 (Strong Buy) to #5 (Strong Sell), the Zacks Rank system has a proven, outside-audited track record of outperformance, with #1 stocks returning an average of +25% annually since 1988. Over the past month, the Zacks Consensus EPS estimate remained stagnant. RCII is currently sporting a Zacks Rank of #2 (Buy).
Valuation is also important, so investors should note that RCII has a Forward P/E ratio of 12.89 right now. This represents a discount compared to its industry's average Forward P/E of 14.47.
The Consumer Services - Miscellaneous industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 26, putting it in the top 11% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.