#Pier 1 ifinance yahoo download
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. However, investors should pay attention to other factors too for betting on this stock or staying away from it ahead of its earnings release. Pier 1 doesn't appear a compelling earnings-beat candidate. Make sure to utilize our Earnings ESP Filter to uncover the best stocks to buy or sell before they've reported. This is why it's worth checking a company's Earnings ESP and Zacks Rank ahead of its quarterly release. That said, betting on stocks that are expected to beat earnings expectations does increase the odds of success. Similarly, unforeseen catalysts help a number of stocks gain despite an earnings miss. Many stocks end up losing ground despite an earnings beat due to other factors that disappoint investors. Over the last four quarters, the company has beaten consensus EPS estimates two times.Īn earnings beat or miss may not be the sole basis for a stock moving higher or lower. So, it's worth taking a look at the surprise history for gauging its influence on the upcoming number.įor the last reported quarter, it was expected that Pier 1 would post a loss of $0.63 per share when it actually produced a loss of $0.63, delivering no surprise. While calculating estimates for a company's future earnings, analysts often consider to what extent it has been able to match past consensus estimates. So, this combination makes it difficult to conclusively predict that Pier 1 will beat the consensus EPS estimate.ĭoes Earnings Surprise History Hold Any Clue? On the other hand, the stock currently carries a Zacks Rank of #2. This has resulted in an Earnings ESP of 0%. How Have the Numbers Shaped Up for Pier 1?įor Pier 1, the Most Accurate Estimate is the same as the Zacks Consensus Estimate, suggesting that there are no recent analyst views which differ from what have been considered to derive the consensus estimate. Our research shows that it is difficult to predict an earnings beat with any degree of confidence for stocks with negative Earnings ESP readings and/or Zacks Rank of 4 (Sell) or 5 (Strong Sell).
Please note that a negative Earnings ESP reading is not indicative of an earnings miss. Investors should keep in mind that the direction of estimate revisions by each of the covering analysts may not always get reflected in the aggregate change. This is essentially a reflection of how the covering analysts have collectively reassessed their initial estimates over this period. The consensus EPS estimate for the quarter has remained unchanged over the last 30 days.
Revenues are expected to be $472.27 million, up 0.7% from the year-ago quarter. This home decor company is expected to post quarterly loss of $0.14 per share in its upcoming report, which represents a year-over-year change of -255.6%. While the sustainability of the immediate price change and future earnings expectations will mostly depend on management's discussion of business conditions on the earnings call, it's worth handicapping the probability of a positive EPS surprise. On the other hand, if they miss, the stock may move lower. The earnings report, which is expected to be released on December 12, 2018, might help the stock move higher if these key numbers are better than expectations. While this widely-known consensus outlook is important in gauging the company's earnings picture, a powerful factor that could impact its near-term stock price is how the actual results compare to these estimates. Wall Street expects a year-over-year decline in earnings on higher revenues when Pier 1 (PIR) reports results for the quarter ended November 2018.
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