Boot Barn (BOOT) closed the most recent trading day at $18.87, moving -1.41% from the previous trading session. This change lagged the S&P 500's daily loss of 0.04%. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, added 0.16%.
Coming into today, shares of the Western apparel and footwear retailer had lost 23.9% in the past month. In that same time, the Retail-Wholesale sector lost 5.09%, while the S&P 500 lost 4.99%.
Wall Street will be looking for positivity from BOOT as it approaches its next earnings report date. This is expected to be January 30, 2019. The company is expected to report EPS of $0.61, up 32.61% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $251.62 million, up 11.97% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.25 per share and revenue of $769.18 million. These totals would mark changes of +78.57% and +13.46%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for BOOT. These revisions typically reflect the latest short-term business trends, which can change frequently. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Within the past 30 days, our consensus EPS projection has moved 0.3% higher. BOOT is currently sporting a Zacks Rank of #1 (Strong Buy).
Looking at its valuation, BOOT is holding a Forward P/E ratio of 15.36. This valuation marks a premium compared to its industry's average Forward P/E of 13.61.
It is also worth noting that BOOT currently has a PEG ratio of 0.67. This metric is used similarly to the famous P/E ratio, but the PEG ratio also takes into account the stock's expected earnings growth rate. The Retail - Apparel and Shoes industry currently had an average PEG ratio of 1.42 as of yesterday's close.
The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 55, which puts it in the top 21% of all 250+ industries.
The Zacks Industry Rank includes is listed in order from best to worst in terms of the average Zacks Rank of the individual companies within each of these sectors. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.