A key reason for this move has been the positive trend in the earnings estimate revisions picture. For JOEZ’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to just none lower. This trend has helped the consensus estimate to trend higher, going from 4 cents a share a month ago to its current level at 10 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, JOEZ has seen some pretty solid trading lately, as the company has moved higher by 12% in the past month.
If Joe's Jeans can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put JOEZ on your watch list for the future.
Other top-ranked stocks worth considering in this space include Hanesbrands Inc. (HBI), Michael Kors Holdings Limited (KORS) and Columbia Sportswear Company (COLM). While Hanesbrands and Kors Holdings carry a Zacks Rank #1 (Strong Buy), Columbia Sportswear holds a Zacks Rank #2 (Buy).
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