Can Christopher & Banks Corporation (CBK) Run Higher on Strong Earnings Estimate Revisions? - Tale of the Tape
Christopher & Banks Corporation ( CBK ) is a retailer of apparel in the U.S. that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CBK's earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Christopher & Banks could be a solid choice for investors.
Current Quarter Estimates for CBK
In the past 30 days, 1 estimate has gone higher for Christopher & Banks while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 16 cents a share 30 days ago, to 18 today, a move of 12.5%.
Current Year Estimates for CBK
Meanwhile, Christopher & Banks's current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 27 cents per share 30 days ago to 42 cents per share today, an increase of 55.5%.
The stock has also started to move higher lately, adding 14.75 over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future.
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