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Williams Sonoma Stock Near Buy Zone With EPS Due

With earnings on tap for Aug. 25, Williams Sonoma (WSM) is trading approximately 16% shy of a 194.79 buy point. The pattern is a third-stage consolidation, which involves more risk than a first- or second-stage formation.




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Top and bottom line growth moved higher last quarter. Earnings were up 296%, compared to 85% in the prior report. Revenue increased from 24% to 42%.

Analysts expect earnings-per-share growth of 43% for the quarter, and 30% growth for the full year. Annual earnings estimates were recently revised upward.

The home furnishings retailer has a 96 Composite Rating and earns the No. 1 rank among its peers in the Retail-Home Furnishings industry group. Williams Sonoma (WSM) , The Container Store (TCS) and Restoration Hardware (RH) are also among the group’s highest-rated stocks.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.

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