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Can Barnes & Noble (BKS) Run Higher on Strong Earnings Estimate Revisions?

Zacks Equity Research

Barnes & Noble, Inc. (BKS), a retail seller of trade books, 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’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 Barnes & Noble could be a solid choice for investors.        

Current Quarter Estimates for BKS

In the past 30 days, 3 estimates have gone higher for Barnes & Noble while none moved lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 84 cents a share 30 days ago, to a loss of 63 cents today, a move of 25.0%.   

Current Year Estimates for BKS

Meanwhile, Barnes & Noble’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of $1.25 per share 30 days ago to a loss of 51 cents per share today, an increase of 59.2%.  

Bottom Line

The stock has also started to move higher lately, adding 47.9% 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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BARNES & NOBLE INC (BKS): Free Stock Analysis Report

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