The Zacks Rank Buys featured in this article are: Gymboree Corp (GYMB), RightNow Technologies, Inc. (RNOW), Genesco, Inc. (GCO), Merit Medical Systems, Inc. (MMSI), and Buckle, Inc. (BKE).
Gymboree Corp (GYMB) drastically raised its earnings guidance for the second quarter.
On July 9th the childrens’ retailer updated expectations for earnings. The company now sees earnings falling in the range of $0.19 to $0.24 per share, both ends of the ranger are up 10 cents from the previous forecast.
Gymboree sites better margins and higher revenue for the optimism. The company announced second-quarter earnings on August 19th.
Analysts Reacting
Four of the 8 analysts have raised estimates for both this year and next within the past 30 days. The consensus for the current fiscal year is now $2.96, up from $2.19 in the past 90 days.
Forecasts for next year are averaging $3.22, up from $2.75. The company has beat expectations in each of the past 5 quarters.
The Chart
The market loved the upbeat release from Gymboree. Take a look at the highlighted portion of the chart below.
Read the June 10th Feature Here
Last Week’s Aggressive Growth Zacks Rank Buy Stocks
RightNow Technologies, Inc. (RNOW) continues to push its way into the black and shares have created a favorable entry point.
Genesco, Inc. (GCO) is cyclical but continues to show solid growth in a tough retail environment.
Merit Medical Systems, Inc. (MMSI) boosted its net income by 28% in its latest earnings report.
Buckle, Inc. (BKE) reported a great first quarter as sales, earnings, and forecasts are all on the rise.
