NEW YORK CITY, NY / ACCESSWIRE / October 10, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Torrid Holdings Inc. ("Torrid" or "the Company") (NYSE:CURV). Investors who purchased Torrid securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/CURV.
NEW YORK CITY, NY / ACCESSWIRE / October 9, 2024 / Bronstein, Gewirtz & Grossman, LLC is investigating potential claims on behalf of purchasers of Torrid Holdings Inc. ("Torrid" or "the Company") (NYSE:CURV). Investors who purchased Torrid securities are encouraged to obtain additional information and assist the investigation by visiting the firm's site: bgandg.com/CURV.
The heavy selling pressure might have exhausted for Torrid Holdings (CURV) as it is technically in oversold territory now. In addition to this technical measure, strong agreement among Wall Street analysts in revising earnings estimates higher indicates that the stock is ripe for a trend reversal.
Torrid Holdings (CURV) is technically in oversold territory now, so the heavy selling pressure might have exhausted. This along with strong agreement among Wall Street analysts in raising earnings estimates could lead to a trend reversal for the stock.
Torrid Holdings (CURV) might move higher on growing optimism about its earnings prospects, which is reflected by its upgrade to a Zacks Rank #2 (Buy).
Here is how Torrid Holdings (CURV) and Lands' End (LE) have performed compared to their sector so far this year.
Torrid Holdings showed signs of revenue inflection in 2Q24, with comparable sales down only 0.8% and full-price selling improving almost 7% YoY. The company is implementing better assortment management and flexibility, including more 'chase' inventory and launching new lifestyle capsules. Despite improved gross margins from reduced clearance, higher SG&A costs offset gains driven by performance bonuses and strategic technology investments.
Torrid reported a decline in revenue growth, but margin improvements gave the stock a boost. The company cut its revenue forecast but expects to return to comparable sales growth.
Torrid Holdings Inc. (NYSE:CURV ) Q2 2024 Earnings Conference Call September 4, 2024 10:00 AM ET Company Participants Chinwe Abaelu – Chief Accounting Officer and Senior Vice President Lisa Harper – Chief Executive Officer Paula Dempsey – Chief Financial Officer Ashlee Wheeler – Chief Strategy and Planning Officer Conference Call Participants Dana Telsey – Telsey Advisory Group Corey Tarlowe – Jefferies Alex Straton – Morgan Stanley Dylan Carden – William Blair William Reuter – Bank of America Operator Greetings. Welcome to Torrid Holdings Second Quarter Fiscal 2024 Earnings Conference Call.
Torrid Holdings Inc. has rebounded from its 2023 lows, showing improved sentiment and potential for swing trading, but remains a risky investment due to competition and lack of a protective moat. Q2 sales fell slightly, but margins expanded significantly due to reduced promotional activity, leading to better-than-expected earnings and a positive near-term outlook. The Torrid Holdings balance sheet shows improvement with increased cash flow and liquidity, although the stock's valuation is higher than a year ago, making it somewhat expensive.
Torrid Holdings (CURV) came out with quarterly earnings of $0.08 per share, beating the Zacks Consensus Estimate of $0.07 per share. This compares to earnings of $0.06 per share a year ago.
If you are looking for stocks that have gained strong momentum recently but are still trading at reasonable prices, Torrid Holdings (CURV) could be a great choice. It is one of the several stocks that passed through our 'Fast-Paced Momentum at a Bargain' screen.