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Why Barnes & Noble (BKS) Could Be Positioned for a Surge

Barnes & Noble, Inc.BKS is a stationery and books retailer 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 BKS' 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 Barnes & Noble could be a solid choice for investors.

Current Quarter Estimates forBKS

In the past 30 days, one estimate has gone higher for Barnes & Noble while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 16 cents a share 30 days ago, to a loss of 14 cents today, a move of 12.5%.

Current Year Estimates forBKS

Meanwhile, Barnes & Noble's current year figures are also looking quite promising, with one estimate 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 42 cents per share 30 days ago to 56 cents per share today, an increase of 33.3%.

Barnes & Noble, Inc. Price and Consensus

Barnes & Noble, Inc. Price and Consensus | Barnes & Noble, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 11.0% 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. You can see the complete list of today's Zacks #1 (Strong Buy) Rank stocks here.

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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.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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