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Surging Earnings Estimates Signal Good News for Bon-Ton Stores (BONT)

Zacks Equity Research

Bon-Ton Stores Inc. (BONT), a department stores operator, 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 BONT’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 Bon-Ton Stores could be a solid choice for investors.

Current Quarter Estimates for BONT

In the past 30 days, 1 estimate has gone higher for Bon-Ton Stores, while none of the estimates moved down in the same time period. The trend has been pretty favorable too, with estimates increasing from $3.27 a share 30 days ago, to $3.63 today, a move of 11.0%.
Current Year Estimates for BONT

Meanwhile, Bon-Ton Stores’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 35 cents per share 30 days ago to 75 cents per share today, a significant increase of 114.3%.

Bottom Line

The stock has also started to move higher lately, adding 53.8% 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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