Zacks Investment Research downgraded
) to a Zacks Rank #5 (Strong Sell) on Feb 22, 2014.
Why the Downgrade?
Cabelas's witnessed sharp downward estimate revisions after
reporting lower-than-expected fourth-quarter and full year 2013
results. The quarterly earnings of $1.32 per share missed the
Zacks Consensus Estimate of $1.41. For full-year 2013, earnings
came in at $3.32 per share, missing the Zacks Consensus Estimate
Persistent declines in firearms and ammunitions sales, along
with the weak holiday season, were the primary reasons behind the
Adjusted total revenue comprising retail, direct and financial
services revenue came in at $1,189.1 million that fell short of
the Zacks Consensus Estimate of $1,206 million. For the full
year, adjusted revenue of $3,596.4 million also came below the
Zacks Consensus Estimate of $3,613 million.
For the first quarter of 2014, management expects earnings to
be in the range of 32-42 cents while for full-year 2014 earnings
are expected to grow at high single-digit/low double-digit rate
as against $3.32 recorded in 2013.
The Zacks Consensus Estimates have been portraying a downtrend
as analysts became less constructive on the stock's future
performance. Estimates for 2014 and 2015 dropped 6.3% and 6% to
$3.59 and $4.23 per share, respectively.
Other Stocks to Consider
Other stocks worth considering include
) carrying a Zacks Rank #1 (Strong Buy), while
Finish Line Inc.
Francesca's Holdings Corporation
) both hold a Zacks Rank #2 (Buy).
CABELAS INC (CAB): Free Stock Analysis Report
FINISH LINE-CLA (FINL): Free Stock Analysis
FRANCESCAS HLDG (FRAN): Free Stock Analysis
ITOCHU CORP (ITOCY): Get Free Report
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