Surging Earnings Estimates Signal Good News for The Pantry (PTRY)

Zacks

The Pantry, Inc. (PTRY) is a Retail Convenience store company 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 PTRY’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 The Pantry could be a solid choice for investors.

Current Quarter Estimates for PTRY

In the past 30 days, 4 estimates have gone higher for The Pantry while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 33 cents a share 30 days ago, to 41 today, a move of 24.2%.

Current Year Estimates for PTRY

Meanwhile, The Pantry’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a significant boost for this time frame, increasing from 4 cents per share 30 days ago to 42 cents per share today.

Bottom Line

The stock has also started to move higher lately, adding 12.5% 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 #1 (Strong Buy) stock to profit in the near future.

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