Here's Why Lifetime Brands (LCUT) Gained But Lagged the Market Today
Lifetime Brands (LCUT) closed at $7.70 in the latest trading session, marking a +0.13% move from the prior day. The stock lagged the S&P 500's daily gain of 0.76%. Meanwhile, the Dow gained 0.59%, and the Nasdaq, a tech-heavy index, added 1.12%.
The kitchen products company's shares have seen an increase of 14.6% over the last month, surpassing the Consumer Discretionary sector's gain of 1.72% and the S&P 500's gain of 2.5%.
Analysts and investors alike will be keeping a close eye on the performance of Lifetime Brands in its upcoming earnings disclosure. The company's earnings per share (EPS) are projected to be $0.32, reflecting a 45.45% increase from the same quarter last year. Meanwhile, the Zacks Consensus Estimate for revenue is projecting net sales of $196.69 million, down 5% from the year-ago period.
Investors should also note any recent changes to analyst estimates for Lifetime Brands. These revisions help to show the ever-changing nature of near-term business trends. Consequently, upward revisions in estimates express analysts' positivity towards the company's business operations and its ability to generate profits.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To exploit this, we've formed the Zacks Rank, a quantitative model that includes these estimate changes and presents a viable rating system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. Over the past month, there's been no change in the Zacks Consensus EPS estimate. At present, Lifetime Brands boasts a Zacks Rank of #3 (Hold).
Looking at its valuation, Lifetime Brands is holding a Forward P/E ratio of 9.61. Its industry sports an average Forward P/E of 15.08, so one might conclude that Lifetime Brands is trading at a discount comparatively.
One should further note that LCUT currently holds a PEG ratio of 0.69. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. The Consumer Products - Discretionary industry had an average PEG ratio of 1.11 as trading concluded yesterday.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. At present, this industry carries a Zacks Industry Rank of 182, placing it within the bottom 28% of over 250 industries.
The Zacks Industry Rank gauges the strength of our 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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Lifetime Brands, Inc. (LCUT) : Free Stock Analysis Report
