Yeti (YETI) closed at $28.72 in the latest trading session, marking a +1.99% move from the prior day. The stock outpaced the S&P 500's daily gain of 1.09%. Meanwhile, the Dow gained 0.84%, and the Nasdaq, a tech-heavy index, added 1.42%.
Coming into today, shares of the maker of outdoor and recreational products had gained 21.59% in the past month. In that same time, the Consumer Discretionary sector lost 1.47%, while the S&P 500 gained 1.18%.
Investors will be hoping for strength from YETI as it approaches its next earnings release.
For the full year, our Zacks Consensus Estimates are projecting earnings of $1.02 per share and revenue of $877 million, which would represent changes of +12.09% and +12.6%, respectively, from the prior year.
It is also important to note the recent changes to analyst estimates for YETI. These revisions typically reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.
Based on our research, we believe these estimate revisions are directly related to near-team stock moves. 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, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive outside-audited track record of outperformance, with #1 stocks generating an average annual return of +25% since 1988. The Zacks Consensus EPS estimate has moved 0.04% higher within the past month. YETI is currently a Zacks Rank #1 (Strong Buy).
Looking at its valuation, YETI is holding a Forward P/E ratio of 27.52. Its industry sports an average Forward P/E of 14.95, so we one might conclude that YETI is trading at a premium comparatively.
Also, we should mention that YETI has a PEG ratio of 1.72. 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. The Leisure and Recreation Products industry currently had an average PEG ratio of 0.96 as of yesterday's close.
The Leisure and Recreation Products industry is part of the Consumer Discretionary sector. This group has a Zacks Industry Rank of 161, putting it in the bottom 37% 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.
Be sure to follow all of these stock-moving metrics, and many more, on Zacks.com.
YETI Holdings, Inc. (YETI): Free Stock Analysis Report
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