Buy 5 Mid-Cap Retailers Ahead Of Earnings Results This Month

Our research shows that for stocks with the combination of a Zacks Rank #3 (Hold) or better and a positive Earnings ESP, the chance of an earnings beat is as high as 70%. These stocks are anticipated to appreciate after their earnings releases. You can uncover the best stocks to buy or sell before they’re reported with our Earnings ESP Filter.

The chart below shows the price performance of our five picks during the February-April period.

Boot Barn Holdings Inc. (BOOT Quick Quote BOOT - Free Report) operates as a lifestyle retail chain devoted to western and work-related footwear, apparel, and accessories. It also provides gifts and home merchandise. The company has an Earnings ESP of +20.46% for fourth-quarter fiscal 2021 (ended March 2021).

Boot Barn has an expected earnings growth rate of 39.5% for the current fiscal (ending March 2022). The Zacks Consensus Estimate for current-year earnings has improved 0.9% over the last 30 days. It has a trailing four-quarter earnings surprise of 23.1%, on average. This Zacks Rank #2 company will release earnings on May 12, after the closing bell.

Macy's Inc. (M Quick QuoteM - Free Report) is an omnichannel retail organization, operating stores, websites, and mobile applications under the Macy's, Bloomingdale's, and bluemercury brands. It sells a range of merchandise, including apparel and accessories for men, women, and kids, cosmetics, home furnishings, and other consumer goods. The company has an Earnings ESP of +28.60% for first-quarter fiscal 2021 (ended April 2021).

Macy's has an expected earnings growth rate of more than 100% for the current fiscal (ending January 2022). The Zacks Consensus Estimate for current-year earnings has improved 11.8% over the last 30 days. It has a trailing four-quarter earnings surprise of 116.6%, on average. This Zacks Rank #2 company will release earnings on May 18, before the opening bell.

Kohl's Corp. (KSS Quick Quote KSS - Free Report) operates as a retail company in the United States. It offers branded apparel, footwear, accessories, beauty, and home products through its stores and website. The company has an Earnings ESP of +155.56% for first-quarter fiscal 2021 (ended April 2021).

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