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.


Buying a stock just ahead of earnings can be risky since you typically don’t have enough time to build a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.

See How IBD Helps You Make More Money In Stocks

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.


MarketSmith’s Tools Can Help The Individual Investor

IBD Live: A New Tool For Daily Stock Market Analysis

Profit From Short-Term Trends With SwingTrader

How To Research Growth Stocks: Why This IBD Tool Simplifies The Search For Top Stocks


Most Related Links :
reporterwings Governmental News Finance News

Source link

Back to top button