One company that should be on your radar is Zale Corporation (ZLC). The stock of this Texas based specialty retailer of fine jewelry has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For ZLC’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no estimate moving lower. This trend has helped the consensus estimate to trend higher, going from 50 cents a share a month ago to its current level at 56 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, ZLC has seen some pretty solid trading lately, as the company has moved higher by 43.72% in the past month.
If Zale Corporation can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put ZLC on your watch list for the future.
Other top-ranked stocks worth considering in this space include Advance Auto Parts Inc. (AAP), Barnes & Noble, Inc. (BKS) and Christopher & Banks Corporation (CBK). All these carry a Zacks Rank #1(Strong Buy).
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ZALE CORP (ZLC): Free Stock Analysis Report
ADVANCE AUTO PARTS INC (AAP): Free Stock Analysis Report
BARNES & NOBLE INC (BKS): Free Stock Analysis Report
CHRISTOPHER & BANKS CORP (CBK): Free Stock Analysis Report
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