Does Lands' End (LE) have what it takes to be a top stock pick for momentum investors? Let's find out.
Lands' End (LE) made it through our 'Fast-Paced Momentum at a Bargain' screen and could be a great choice for investors looking for stocks that have gained strong momentum recently but are still trading at reasonable prices.
Lands' End (LE) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.
The average of price targets set by Wall Street analysts indicates a potential upside of 25.3% in Lands' End (LE). While the effectiveness of this highly sought-after metric is questionable, the positive trend in earnings estimate revisions might translate into an upside in the stock.
Land's End's 2Q24 results showed adjusted revenue growth in US e-commerce and improved gross margins, but profits remained unchanged due to high SG&A costs. The company's market cap of $422 million seems excessive given the FY24 adjusted net income guidance of $9-15 million, leading to a Hold rating. Despite a 10% stock price increase since initiation, high customer acquisition costs and leverage issues pose significant risks, making the valuation unattractive.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Lands' End (LE) 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.
Lands' End, Inc. has seen a 30% stock appreciation since our April recommendation, driven by margin improvements and efficient inventory management. Q2 revenue was $317.2 million, with a 1.9% decline year-over-year, but beat expectations. The gross margin expanded by 470 basis points to 47.9%. Despite a slight adjusted net loss, fiscal 2024 guidance is positive, projecting net income between $5.0 million and $11.0 million and strong adjusted EBITDA.
Lands' End, Inc. (NASDAQ:LE ) Q2 2024 Earnings Call Transcript September 5, 2024 8:30 AM ET Company Participants Tom Altholz - Senior Director, Financial Planning and Analysis Andrew McLean - CEO Bernie McCracken - CFO Conference Call Participants Dana Telsey - Telsey Advisory Group Eric Beder - SCC Research Alex Fuhrman - Craig-Hallum Capital Group Steve Silver - Argus Research Operator Good morning and welcome to the Lands' End Second Quarter Earnings Conference Call. At this time, all participants are in a listen-only mode.
Lands' End (LE) came out with a quarterly loss of $0.02 per share versus the Zacks Consensus Estimate of a loss of $0.10. This compares to loss of $0.25 per share a year ago.
Here at Zacks, our focus is on the proven Zacks Rank system, which emphasizes earnings estimates and estimate revisions to find great stocks. Nevertheless, we are always paying attention to the latest value, growth, and momentum trends to underscore strong picks.
Lands' End (LE) made it through our "Recent Price Strength" screen and could be a great choice for investors looking to make a profit from stocks that are currently on the move.