Buckle (BKE, $36.31) beats Q4 earnings expectations
Buckle reported its fourth quarter earnings that surpassed analysts’ expectations.
The retail company’s adjusted earnings for the quarter ended January 2022 came in at $1.69 per share, well above the Zacks Consensus Estimate of $1.48 per share. Earnings were $1.33 per share a year ago.
Buckle has surpassed consensus EPS estimates four times, over the last four quarters.
Revenues of $380.93 million exceeded the Zacks Consensus Estimate by 0.01%. The year-ago figure was $318.84 million. The company has exceeded consensus revenue estimates four times over the last four quarters.
For the coming quarter, the current consensus earnings estimate is $1.03 on $307 million in revenues. Consensus expectations for the current fiscal year are earnings of $4.76 on $1.32 billion in revenues.
BKE sees its 50-day moving average cross bearishly below its 200-day moving average
The 50-day moving average for BKE moved below the 200-day moving average on May 01, 2023. This could be a long-term bearish signal for the stock as the stock shifts to an downward trend.
Technical Analysis (Indicators)
Bearish Trend Analysis
The Momentum Indicator moved below the 0 level on May 19, 2023. You may want to consider selling the stock, shorting the stock, or exploring put options on BKE as a result. In of 101 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BKE turned negative on May 22, 2023. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 49 similar instances when the indicator turned negative. In of the 49 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BKE declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .
The Aroon Indicator for BKE entered a downward trend on June 01, 2023. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Bullish Trend Analysis
The Stochastic Oscillator shows that the ticker has stayed in the oversold zone for 6 days. The price of this ticker is presumed to bounce back soon, since the longer the ticker stays in the oversold zone, the more promptly an upward trend is expected.
Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where BKE advanced for three days, in of 322 cases, the price rose further within the following month. The odds of a continued upward trend are .
BKE may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.
Fundamental Analysis (Ratings)
The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is seriously undervalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (3.887) is normal, around the industry mean (3.366). P/E Ratio (6.410) is within average values for comparable stocks, (107.547). Projected Growth (PEG Ratio) (0.000) is also within normal values, averaging (4.382). Dividend Yield (0.045) settles around the average of (0.041) among similar stocks. P/S Ratio (1.176) is also within normal values, averaging (1.527).
The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.
The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 82, placing this stock better than average.
The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to consistent earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BKE’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a retailer of casual apparel, footwear and accessories for young men and women
Industry ApparelFootwearRetail
BKE and
Correlation & Price change
A.I.dvisor indicates that over the last year, BKE has been closely correlated with ZUMZ. These tickers have moved in lockstep 71% of the time. This A.I.-generated data suggests there is a high statistical probability that if BKE jumps, then ZUMZ could also see price increases.
| Ticker / NAME | Correlation To BKE | 1D Price Change % | ||
|---|---|---|---|---|
| BKE | 100% | +1.63% | ||
| ZUMZ - BKE | 71% Closely correlated | -2.30% | ||
| GES - BKE | 70% Closely correlated | -1.72% | ||
| URBN - BKE | 68% Closely correlated | -1.07% | ||
| PLCE - BKE | 67% Closely correlated | -3.73% | ||
| ROST - BKE | 66% Closely correlated | -2.62% | ||
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