In the latest trading session, Yeti (YETI) closed at $22.83, marking a +1.92% move from the previous day. This change lagged the S&P 500's 9.28% gain on the day. Meanwhile, the Dow gained 9.36%, and the Nasdaq, a tech-heavy index, added 9.34%.
Heading into today, shares of the maker of outdoor and recreational products had lost 34.48% over the past month, lagging the Consumer Discretionary sector's loss of 31.11% and the S&P 500's loss of 26.56% in that time.
YETI will be looking to display strength as it nears its next earnings release. The company is expected to report EPS of $0.11, up 37.5% from the prior-year quarter. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $175.91 million, up 13.24% from the year-ago period.
YETI's full-year Zacks Consensus Estimates are calling for earnings of $1.38 per share and revenue of $1.05 billion. These results would represent year-over-year changes of +15% and +14.79%, respectively.
It is also important to note the recent changes to analyst estimates for YETI. These revisions help to show the ever-changing nature of near-term business trends. As such, positive estimate revisions reflect analyst optimism about the company's business and profitability.
Research indicates that these estimate revisions are directly correlated with near-term share price momentum. 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 0.68% higher. YETI is currently sporting a Zacks Rank of #1 (Strong Buy).
Investors should also note YETI's current valuation metrics, including its Forward P/E ratio of 16.19. Its industry sports an average Forward P/E of 11.1, so we one might conclude that YETI is trading at a premium comparatively.
Investors should also note that YETI has a PEG ratio of 0.81 right now. This popular metric is similar to the widely-known P/E ratio, with the difference being that the PEG ratio also takes into account the company's expected earnings growth rate. YETI's industry had an average PEG ratio of 0.76 as of yesterday's close.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 36, putting it in the top 15% of all 250+ industries.
The Zacks Industry Rank gauges the strength of our individual industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.
Make sure to utilize Zacks. Com to follow all of these stock-moving metrics, and more, in the coming trading sessions.
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