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When I write up the Bear of the Day, I don’t pick stocks that I have some sort of personal vendetta against. I never have an axe to grind. Rather, I just bring to light trends that I’m seeing develop in earnings estimates. I don’t care what business the company I’m talking about is in. I just try to highlight movements in earnings trends that you may not have noticed. So when I flip on a stock, going from bearish to bullish, it’s not because I’m a fair-weather fan. It’s because I’ve seen a change in the earnings trend and I’m giving credit where credit is due. Today’s Bull of the Day is one such stock, Buckle. I’ve written them us as the Bear of the Day on multiple occasions however analysts are telling me the tide has turned.
The Buckle, Inc. operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece. The company also provides services, such as hemming, gift wrapping, layaways, guest loyalty program, the Buckle private label credit card, and personalized stylist services, as well as special order system that allows stores to obtain requested merchandise from other company stores or its online order fulfillment center. It provides its products through 456 retail stores in 43 states, as well as through its Website, buckle.com.
Currently, Buckle is a Zacks Rank #1 (Strong Buy) in the Retail – Apparel and Shoes industry which ranks in the Top 29% of our Zacks Industry Rank. The reason for the favorable Zacks Rank is that analysts have been increasing their earnings estimates for the next quarter and next year. The bullish sentiment has pushed up our Zacks Consensus Estimate for next quarter from 36 cents to 40 cents while next year’s number has shot up from $1.47 to $1.66. The company has beat earnings each of the last four quarters by an average of 5 cents each time. The most recent quarter, the company reported 38 cents versus expectations calling for just 35 cents.
The automotive industry is facing some headwinds right now. Rising interest rates certainly don’t help when consumers are out there looking for their next purchase. It can have buyers thinking about staying in their existing cars longer. There is a also a huge supply of used cars flooding the market and putting pressure on used car prices. That’s making used cars that much more attractive and forcing manufacturers to give huge incentives on new leases. As the internet continues to revolutionize the auto world, it’s making it tougher for businesses to thrive that aren’t adapting quick enough. One online source for used cars is beginning to see the pressure from increased competition. That’s why today I’m naming Cars.com my Bear of the Day.
Cars.com Inc., through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers. It also sells online subscription advertising products to car dealerships by its direct sales force, as well as through its affiliate sales channel. In addition, the company sells display advertising to national advertisers. Further, it offers online automotive marketplace service that connects buyers and sellers through Cars.com, Auto.com, DealerRater.com, NewCars.com, PickupTrucks.com, DealerInspire.com, and LaunchDigitalMarketing.com Websites.
The reason for the unfavorable Zacks Rank is the string of recent earnings estimate revisions to the downside. Over the last week, analysts have cut their expectations for the current quarter and current year. That bearish sentiment has dropped our Zacks Consensus Estimate from 67 cents to 57 cents for the current quarter while the current year number has come down from $2.37 to $2.13.
Zacks Investment Research is under common control with affiliated entities (including a broker-dealer and an investment adviser), which may engage in transactions involving the foregoing securities for the clients of such affiliates.
Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.
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Buckle and Cars.com highlighted as Zacks Bull and Bear of the Day
For Immediate Release
Chicago, IL – August 13, 2018 – Zacks Equity Research highlights Buckle (BKE - Free Report) as the Bull of the Day, Cars.com(CARS - Free Report) asthe Bear of the Day.
Here is a synopsis of all two stocks:
Bull of the Day:
When I write up the Bear of the Day, I don’t pick stocks that I have some sort of personal vendetta against. I never have an axe to grind. Rather, I just bring to light trends that I’m seeing develop in earnings estimates. I don’t care what business the company I’m talking about is in. I just try to highlight movements in earnings trends that you may not have noticed. So when I flip on a stock, going from bearish to bullish, it’s not because I’m a fair-weather fan. It’s because I’ve seen a change in the earnings trend and I’m giving credit where credit is due. Today’s Bull of the Day is one such stock, Buckle. I’ve written them us as the Bear of the Day on multiple occasions however analysts are telling me the tide has turned.
The Buckle, Inc. operates as a retailer of casual apparel, footwear, and accessories for young men and women in the United States. It markets a selection of brand name casual apparel, including denims, other casual bottoms, tops, sportswear, outerwear, accessories, and footwear, as well as private label merchandise primarily comprising BKE, Buckle Black, BKE Boutique, Red by BKE, Daytrip denim, Gimmicks, Gilded Intent, Outpost Makers, Departwest, and Veece. The company also provides services, such as hemming, gift wrapping, layaways, guest loyalty program, the Buckle private label credit card, and personalized stylist services, as well as special order system that allows stores to obtain requested merchandise from other company stores or its online order fulfillment center. It provides its products through 456 retail stores in 43 states, as well as through its Website, buckle.com.
Currently, Buckle is a Zacks Rank #1 (Strong Buy) in the Retail – Apparel and Shoes industry which ranks in the Top 29% of our Zacks Industry Rank. The reason for the favorable Zacks Rank is that analysts have been increasing their earnings estimates for the next quarter and next year. The bullish sentiment has pushed up our Zacks Consensus Estimate for next quarter from 36 cents to 40 cents while next year’s number has shot up from $1.47 to $1.66. The company has beat earnings each of the last four quarters by an average of 5 cents each time. The most recent quarter, the company reported 38 cents versus expectations calling for just 35 cents.
Bear of the Day:
The automotive industry is facing some headwinds right now. Rising interest rates certainly don’t help when consumers are out there looking for their next purchase. It can have buyers thinking about staying in their existing cars longer. There is a also a huge supply of used cars flooding the market and putting pressure on used car prices. That’s making used cars that much more attractive and forcing manufacturers to give huge incentives on new leases. As the internet continues to revolutionize the auto world, it’s making it tougher for businesses to thrive that aren’t adapting quick enough. One online source for used cars is beginning to see the pressure from increased competition. That’s why today I’m naming Cars.com my Bear of the Day.
Cars.com Inc., through its subsidiaries, operates as a digital automotive marketplace that connects local car dealers to consumers in the United States. The company offers a suite of digital solutions that creates connections between individuals researching cars or looking to purchase a car with car dealerships and automotive original equipment manufacturers. It also sells online subscription advertising products to car dealerships by its direct sales force, as well as through its affiliate sales channel. In addition, the company sells display advertising to national advertisers. Further, it offers online automotive marketplace service that connects buyers and sellers through Cars.com, Auto.com, DealerRater.com, NewCars.com, PickupTrucks.com, DealerInspire.com, and LaunchDigitalMarketing.com Websites.
The reason for the unfavorable Zacks Rank is the string of recent earnings estimate revisions to the downside. Over the last week, analysts have cut their expectations for the current quarter and current year. That bearish sentiment has dropped our Zacks Consensus Estimate from 67 cents to 57 cents for the current quarter while the current year number has come down from $2.37 to $2.13.
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Zacks.com provides investment resources and informs you of these resources, which you may choose to use in making your own investment decisions. Zacks is providing information on this resource to you subject to the Zacks "Terms and Conditions of Service" disclaimer. www.zacks.com/disclaimer.
Past performance is no guarantee of future results. Inherent in any investment is the potential for loss.This material is being provided for informational purposes only and nothing herein constitutes investment, legal, accounting or tax advice, or a recommendation to buy, sell or hold a security. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. It should not be assumed that any investments in securities, companies, sectors or markets identified and described were or will be profitable. All information is current as of the date of herein and is subject to change without notice. Any views or opinions expressed may not reflect those of the firm as a whole. Zacks Investment Research does not engage in investment banking, market making or asset management activities of any securities. These returns are from hypothetical portfolios consisting of stocks with Zacks Rank = 1 that were rebalanced monthly with zero transaction costs. These are not the returns of actual portfolios of stocks. The S&P 500 is an unmanaged index. Visit https://www.zacks.com/performance for information about the performance numbers displayed in this press release.