Yeti (YETI) shares rallied 5.7% within the final buying and selling session to shut at $34. This transfer could be attributable to notable quantity with a better variety of shares being traded than in a typical session. This compares to the inventory’s 15.4% loss over the previous 4 weeks.
YETI Holdings’ shares rose after the corporate introduced the appointment of J. Magnus Welander and Arne Arens to its Board of Administrators, efficient March 24, 2025.
This maker of outside and leisure merchandise is anticipated to submit quarterly earnings of $0.28 per share in its upcoming report, which represents a year-over-year change of -17.7%. Revenues are anticipated to be $348.66 million, up 2.1% from the year-ago quarter.
Earnings and income development expectations actually give a great sense of the potential energy in a inventory, however empirical analysis reveals that traits in earnings estimate revisions are strongly correlated with near-term inventory worth actions.
For Yeti, the consensus EPS estimate for the quarter has been revised 33.9% decrease over the past 30 days to the present stage. And a adverse development in earnings estimate revisions does not normally translate into worth appreciation. So, be sure to regulate YETI going ahead to see if this current leap can flip into extra energy down the highway.
The inventory presently carries a Zacks Rank #3 (Maintain). You’ll be able to see the complete list of today’s Zacks Rank #1 (Strong Buy) stocks here >>>>
Yeti belongs to the Zacks Leisure and Recreation Merchandise business. One other inventory from the identical business, OneWater Marine (ONEW), closed the final buying and selling session 3.2% greater at $16.61. Over the previous month, ONEW has returned -15.6%.
For OneWater Marine
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YETI Holdings, Inc. (YETI) : Free Stock Analysis Report
OneWater Marine Inc. (ONEW) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).
The views and opinions expressed herein are the views and opinions of the writer and don’t essentially mirror these of Nasdaq, Inc.
