With earnings on tap for Jan. 25, Boot Barn stock is currently approximately 21% under a 134.60 buy point. The base is a third-stage consolidation, which is less likely than an earlier-stage base to generate a big new run. Read "Looking For The Next Big Stock Market Winners? Start With These 3 Steps" for more tips. Also, check out "Stocks To Buy And Watch: Top IPOs, Big And Small Caps, Growth Stocks."
Be aware that buying just before a stock reports can be risky. You don't know how the stock will report and how the market will react, and you don't have enough time to build a profit cushion. You can minimize your exposure by waiting to see the actual numbers and the market's reaction.
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Earnings growth moved up last quarter from 0% to 510%, but the top line fell from 107% to 69%.
Analysts expect EPS growth of 120% for the quarter, and 203% growth for the full year. Annual earnings-per-share estimates were recently revised upward.
This Boot Retailer Holds No. 1 Spot
Boot Barn stock has a 92 Composite Rating and holds the No. 1 rank among its peers in the Retail-Apparel/Shoes/Accessories industry group. Shoe Carnival and Buckle are also among the group's highest-rated stocks. For more industry news, check out "Retail And E-Commerce Stocks And Industry News."
Note: Dates for earnings reports are subject to change. Check the company's website for any updates.
