), a retailer and wholesaler of branded footwear, apparel, and
accessories, is slated to post fourth-quarter fiscal 2013 results
on Mar 13, 2014. In the previous quarter, the company delivered a
positive earnings surprise of 4.4%. Let's see how things are
shaping up for this announcement.
Factors this Past Quarter
In the previous quarter, Genesco's earnings beat estimates. Sales
improved marginally year over year and were above the Zacks
Consensus Estimate. Top-line results during the quarter were
impacted by a 1% decline in comparable-store sales (comps).
Our proven model does not conclusively show that Genesco is
likely to beat earnings this quarter. This is because a stock
needs to have both a positive
(Expected Surprise Prediction) and a Zacks Rank of #1, 2 or 3 for
this to happen. This is not the case here as you will see below.
Negative Zacks ESP
: Genesco currently has an Earnings ESP of -0.46%. This is
because the Most Accurate estimate stands at $2.17, while the
Zacks Consensus Estimate is pegged at $2.18 per share.
: Genesco's Zacks Rank #4 (Sell) when combined with negative ESP
of 0.46% makes surprise prediction difficult. We caution against
stocks with a Zacks Rank #4 and 5 (Sell rated stocks) going into
the earnings announcement, especially when the company is seeing
negative estimate revisions momentum.
Other Stocks to Consider
Here are some other companies you may want to consider as our
model shows they have the right combination of elements to post
an earnings beat this quarter:
), Earnings ESP of +6.25% and a Zacks Rank #1 (Strong Buy).
CommScope Holding Company, Inc.
), Earnings ESP of +5.71% and a Zacks Rank #1 (Strong Buy).
First Merchants Corporation
), Earnings ESP of +2.56% and a Zacks Rank #1 (Strong Buy).
TD AMERITRADE (AMTD): Free Stock Analysis
COMMSCOPE HLDG (COMM): Free Stock Analysis
FIRST MERCHANTS (FRME): Free Stock Analysis
GENESCO INC (GCO): Free Stock Analysis Report
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