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Can The Container Store (TCS) Run Higher on Strong Earnings Estimate Revisions?

The Container Store Group, Inc. TCS is a retailer of storage and organization products in the United States that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on TCS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that The Container Store could be a solid choice for investors.

Current Quarter Estimates for TCS

In the past 30 days, 3 estimates have gone higher for The Container Store with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 12 cents a share 30 days ago, to a loss of 10 cents today, a move of 16.7%.  

Current Year Estimates for TCS

Meanwhile, The Container Store’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared with no downward revisions. The consensus estimate trend has also seen a boost for this time frame, increasing from 21 cents per share 30 days ago to 26 cents per share today, an increase of 23.8%.

Bottom Line

The stock has also started to move higher lately, adding 13.2% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.

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CONTAINER STORE (TCS): Free Stock Analysis Report
 
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