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Yeti (YETI) Stock Moves -1.51%: What You Should Know

Zacks Equity Research
·3 min read

Yeti (YETI) closed at $52.27 in the latest trading session, marking a -1.51% move from the prior day. This change was narrower than the S&P 500's daily loss of 3.53%. At the same time, the Dow lost 3.44%, and the tech-heavy Nasdaq lost 3.73%.

Coming into today, shares of the maker of outdoor and recreational products had gained 15.82% in the past month. In that same time, the Consumer Discretionary sector gained 0.18%, while the S&P 500 gained 2.89%.

YETI will be looking to display strength as it nears its next earnings release, which is expected to be November 5, 2020. In that report, analysts expect YETI to post earnings of $0.37 per share. This would mark year-over-year growth of 23.33%. Our most recent consensus estimate is calling for quarterly revenue of $264.73 million, up 15.54% from the year-ago period.

YETI's full-year Zacks Consensus Estimates are calling for earnings of $1.44 per share and revenue of $1.03 billion. These results would represent year-over-year changes of +20% and +12.25%, respectively.

It is also important to note the recent changes to analyst estimates for YETI. 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.

Research indicates that these estimate revisions are directly correlated with near-term share price momentum. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, 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. Over the past month, the Zacks Consensus EPS estimate has moved 0.37% higher. YETI currently has a Zacks Rank of #2 (Buy).

Digging into valuation, YETI currently has a Forward P/E ratio of 36.88. This valuation marks a premium compared to its industry's average Forward P/E of 16.3.

It is also worth noting that YETI currently has a PEG ratio of 2.59. 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. Leisure and Recreation Products stocks are, on average, holding a PEG ratio of 2.59 based on yesterday's closing prices.

The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 45, putting it in the top 18% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our individual 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.

You can find more information on all of these metrics, and much more, on Zacks.com.


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