On Mar 19, 2013, Zacks Investment Research upgraded
) to a Zacks Rank #1 (Strong Buy).
Why the Upgrade?
Cabela's has been witnessing rising earnings estimates on the
back of robust fourth-quarter 2012 results and a healthy guidance
for the first quarter of 2013. Moreover, this leading
specialty retailer of hunting, fishing, camping, and outdoor
related merchandise, delivered positive earnings surprises in 3
of the last 4 quarters with an average beat of 15.3%. The
long-term expected earnings growth rate for this stock is
Cabela's reported fourth-quarter results on Feb 14. Adjusted
earnings came in at $1.25 per share, surpassing the Zacks
Consensus Estimate of $1.20 by 4.2%. Robust performance of
Cabela's new next-generation stores, rise in comparable-store
sales and strong growth at the Cabela's CLUB Visa program aided
Following sturdy results, Cabela's on Mar 12, stated that it
expects first-quarter 2013 comparable-store sales to rise in the
high-teens rate. The company now projects direct revenue to
increase in a low to mid-teens rate, which is a positive
indication as its direct business has long been grappling with
declining revenue trends
Further, the company expects earnings to surpass analysts'
expectation by 10 cents to 15 cents. The current Zacks Consensus
Estimate stands at 52 cents per share.
The Zacks Consensus Estimate for fiscal 2013 rose 4.9% to
$3.24 per share over the last 7 days. For 2014, the Zacks
Consensus Estimate advanced 4% over the same timeframe to $3.63
Other Stocks to Consider
Beside Cabela's, other stocks worth considering in the
non-food retail, wholesale sector include
Sears Holdings Corporation
Big 5 Sporting Goods Corp
), all of which hold a Zacks Rank #1 (Strong Buy) and are
expected to continue with their upbeat performance.
BIG 5 SPORTING (BGFV): Free Stock Analysis
CABELAS INC (CAB): Free Stock Analysis Report
MACYS INC (M): Free Stock Analysis Report
SEARS HLDG CP (SHLD): Free Stock Analysis
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