Kohl (KSS) shares move -0.94%: What you need to know – October 6, 2022
Kohls (KSS – Free Report) closed the most recent trading day at $27.35, moving -0.94% from the previous trading session. That move was narrower than the S&P 500’s 1.03% daily loss. Meanwhile, the Dow lost 1.15% and the Nasdaq, a technology-heavy index, added 0.33%.
Prior to today’s session, shares of the department store operator had fallen 6.75% in the past month. This was lower than the retail and wholesale sector’s loss of 3.58% and the S&P 500’s loss of 3.51% during this period.
Kohl’s will look to show strength as it approaches its next earnings release. On that day, Kohl’s is expected to report earnings of $0.51 per share, which would represent a 69.09% year-over-year decline. Our most recent consensus estimate calls for quarterly revenue of $4.22 billion, down 8.24% from the prior year period.
For the full year, our Zacks consensus estimates call for earnings of $3.19 per share and revenue of $18.18 billion, which would represent swings of -56.48% and -6, 44%, respectively, compared to the previous year.
Any recent changes in analyst estimates for Kohl’s should also be noted by investors. These recent revisions tend to reflect the evolving nature of short-term trading trends. Thus, positive revisions to estimates reflect analysts’ optimism about the company’s business and profitability.
Based on our research, we believe that these estimate revisions are directly related to the team’s close stock movements. Investors can take advantage of this by using the Zacks ranking. This model accounts for these estimation changes and provides a simple and actionable scoring system.
The Zacks Rank system, which ranges from #1 (Strong Buy) to #5 (Strong Sell), has an impressive track record of outperformance verified by external audits, with #1 stocks generating an average annual return of +25% since 1988 Over the past month, the Zacks Consensus EPS estimate has remained flat. Kohl’s currently sports a Zacks ranking of #5 (high selling).
As for its valuation, Kohl’s holds a Forward P/E ratio of 8.65. This valuation marks a premium compared to the average Forward P/E of its sector of 7.73.
Meanwhile, KSS’s PEG ratio is currently 1.08. This popular measure is similar to the widely known P/E ratio, except that the PEG ratio also takes into account the company’s expected earnings growth rate. Retail – Regional department store stocks maintain, on average, a PEG ratio of 0.72 based on yesterday’s closing prices.
The Retail – Regional Department Stores industry is part of the Retail – Wholesale sector. This industry currently has a Zacks Industry Rank of 87, which places it in the top 35% of over 250 industries.
The Zacks Industry Ranking assesses the strength of our industry groups by measuring the average Zacks Ranking of individual stocks within the groups. Our research shows that the top 50% of industries outperform the bottom half by a factor of 2 to 1.
Be sure to use Zacks.com to track all of these stock movement metrics, and more, in future trading sessions.