Lifetime Brands (LCUT) closed at $5.50 in the latest trading session, marking a -1.79% move from the prior day. This move lagged the S&P 500's daily loss of 0.94%. Meanwhile, the Dow lost 0.22%, and the Nasdaq, a tech-heavy index, lost 1.53%.
Prior to today's trading, shares of the kitchen products company had lost 20.23% over the past month. This has lagged the Consumer Discretionary sector's loss of 2.09% and the S&P 500's gain of 1.85% in that time.
Lifetime Brands will be looking to display strength as it nears its next earnings release. In that report, analysts expect Lifetime Brands to post earnings of $0.25 per share. This would mark year-over-year growth of 56.25%. Our most recent consensus estimate is calling for quarterly revenue of $178.19 million, down 4.5% from the year-ago period.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $0.60 per share and revenue of $684.97 million. These totals would mark changes of +93.55% and -5.87%, respectively, from last year.
Investors might also notice recent changes to analyst estimates for Lifetime Brands. Recent revisions tend to reflect the latest near-term business trends. With this in mind, we can consider positive estimate revisions a sign of optimism about the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. We developed the Zacks Rank to capitalize on this phenomenon. Our system takes these estimate changes into account and delivers a clear, actionable rating model.
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 remained stagnant. Lifetime Brands is currently sporting a Zacks Rank of #3 (Hold).
Valuation is also important, so investors should note that Lifetime Brands has a Forward P/E ratio of 9.4 right now. This represents a discount compared to its industry's average Forward P/E of 18.45.
Meanwhile, LCUT's PEG ratio is currently 0.67. 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. Consumer Products - Discretionary stocks are, on average, holding a PEG ratio of 1.65 based on yesterday's closing prices.
The Consumer Products - Discretionary industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 107, putting it in the top 43% of all 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
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