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Urban Outfitters (URBN) Q2 Earnings: What's in the Cards?
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Urban Outfitters Inc. (URBN - Free Report) , a lifestyle specialty retailer, is slated to report second-quarter fiscal 2017 results on Aug 16, 2016. The big question facing investors is, whether the company will be able to post a positive earnings surprise in the quarter to be reported. The company’s past performance reveals that it outperformed the Zacks Consensus Estimate in the trailing four quarters by an average of 3.8%. Let’s see how things are shaping up for this announcement.
Our proven model does not conclusively show that Urban Outfitters is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. Urban Outfitters has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at 56 cents. Urban Outfitters’ Zacks Rank #3 (Hold) increases the predictive power of ESP. However, the company’s ESP of 0.00% makes surprise prediction difficult.
Factors Influencing this Quarter
Urban Outfitters remains committed toward improving comparable-store sales, investing in direct-to-consumer business, enhancing productivity in existing channels as well as adding new brands and optimizing the inventory level. The company intends to increase wholesale operations and augment eCommerce activities. Also, estimates have been stable lately ahead of the company’s second-quarter fiscal 2017 earnings release.
However, fashion obsolescence remains the primary concern for Urban Outfitters' business model. The company’s pioneering position may be hurt by delays in its product launches. Also, expansion in regions where it already has a presence could cannibalize sales performance and lower traffic count at its existing stores.
Stocks Poised to Beat Earnings Estimates
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Lowe's Companies, Inc. (LOW - Free Report) has an Earnings ESP of +2.13% and a Zacks Rank #2 (Buy).
Best Buy Co., Inc. (BBY - Free Report) has an Earnings ESP of +7.14% and a Zacks Rank #2.
The Children's Place, Inc. (PLCE - Free Report) has an Earnings ESP of +25.00% and a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>
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Urban Outfitters (URBN) Q2 Earnings: What's in the Cards?
Urban Outfitters Inc. (URBN - Free Report) , a lifestyle specialty retailer, is slated to report second-quarter fiscal 2017 results on Aug 16, 2016. The big question facing investors is, whether the company will be able to post a positive earnings surprise in the quarter to be reported. The company’s past performance reveals that it outperformed the Zacks Consensus Estimate in the trailing four quarters by an average of 3.8%. Let’s see how things are shaping up for this announcement.
URBAN OUTFITTER Price and EPS Surprise
URBAN OUTFITTER Price and EPS Surprise | URBAN OUTFITTER Quote
Zacks Model Shows Unlikely Earnings Beat
Our proven model does not conclusively show that Urban Outfitters is likely to beat earnings estimates this quarter. This is because a stock needs to have both a positive Earnings ESP and a Zacks Rank #1, 2 or 3 for this to happen. Urban Outfitters has an Earnings ESP of 0.00% as the Most Accurate estimate and the Zacks Consensus Estimate both stand at 56 cents. Urban Outfitters’ Zacks Rank #3 (Hold) increases the predictive power of ESP. However, the company’s ESP of 0.00% makes surprise prediction difficult.
Factors Influencing this Quarter
Urban Outfitters remains committed toward improving comparable-store sales, investing in direct-to-consumer business, enhancing productivity in existing channels as well as adding new brands and optimizing the inventory level. The company intends to increase wholesale operations and augment eCommerce activities. Also, estimates have been stable lately ahead of the company’s second-quarter fiscal 2017 earnings release.
However, fashion obsolescence remains the primary concern for Urban Outfitters' business model. The company’s pioneering position may be hurt by delays in its product launches. Also, expansion in regions where it already has a presence could cannibalize sales performance and lower traffic count at its existing stores.
Stocks Poised to Beat Earnings Estimates
Here are some companies you may want to consider as our model shows that these have the right combination of elements to post an earnings beat:
Lowe's Companies, Inc. (LOW - Free Report) has an Earnings ESP of +2.13% and a Zacks Rank #2 (Buy).
Best Buy Co., Inc. (BBY - Free Report) has an Earnings ESP of +7.14% and a Zacks Rank #2.
The Children's Place, Inc. (PLCE - Free Report) has an Earnings ESP of +25.00% and a Zacks Rank #2.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>