Yeti (YETI) Gains As Market Dips: What You Should Know
Yeti (YETI) closed at $29.89 in the latest trading session, marking a +1.32% move from the prior day. This move outpaced the S&P 500's daily loss of 0.61%. Elsewhere, the Dow lost 0.72%, while the tech-heavy Nasdaq lost 0.56%.
Coming into today, shares of the maker of outdoor and recreational products had gained 22.15% in the past month. In that same time, the Consumer Discretionary sector gained 3.7%, while the S&P 500 gained 5.68%.
YETI will be looking to display strength as it nears its next earnings release.
Looking at the full year, our Zacks Consensus Estimates suggest analysts are expecting earnings of $1.02 per share and revenue of $877 million. These totals would mark changes of +12.09% and +12.6%, respectively, from last year.
Any recent changes to analyst estimates for YETI should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Our research shows that these estimate changes are directly correlated with near-term stock prices. To benefit from this, we have developed the Zacks Rank, a proprietary model which takes these estimate changes into account and provides an actionable rating system.
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. The Zacks Consensus EPS estimate remained stagnant within the past month. YETI is holding a Zacks Rank of #1 (Strong Buy) right now.
Investors should also note YETI's current valuation metrics, including its Forward P/E ratio of 28.83. This valuation marks a premium compared to its industry's average Forward P/E of 15.69.
Also, we should mention that YETI has a PEG ratio of 1.8. 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 Leisure and Recreation Products was holding an average PEG ratio of 1.03 at yesterday's closing price.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 180, putting it in the bottom 30% 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.
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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