What do Boot Barn Holdings’ (BOOT) fourth quarter results have in store for us?

Boot Barn Holdings, Inc. BOOT is expected to see improved revenue and earnings when it reports fourth quarter fiscal 2022 results on May 10, after the market closes. Zacks’ consensus estimate for its quarterly revenue is pegged at $345.2 million, indicating a nearly 33.3% improvement over the prior year’s figure.

Zacks consensus estimate for earnings currently stands at $1.30, suggesting a marked improvement from earnings of 75 cents per share reported a year ago. The consensus mark has remained stable over the past 30 days.

Key Factors to Note

Boot Barn Holdings has successfully navigated this challenging environment, thanks to merchandising strategies, omnichannel capabilities and better spend management. This, combined with the expansion of the store base and the penetration of exclusive brands, helped it gain market share and, consequently, revenue.

The company has seen strength in in-store and online channels. Management strengthened omni-channel offerings to improve customer experience through in-store pickup online shopping, curbside pickup online shopping, in-store fulfillment, same-day delivery and online purchase back in store.

It witnessed a strong margin on merchandise thanks to improved full-price sales and lower promotions. He saw strength in categories like kids’ boots, hats and belts, as well as men’s and women’s western wear. Non-flame resistant workwear also showed positive momentum.

While the aforementioned factors are driving optimism, ongoing supply chain issues and rising freight costs remain a concern. Additionally, any deleveraging of SG&A expenses due to higher store payroll, increased store overhead and increased marketing expenses could be reflected in margins in the reportable quarter.

Boot Barn Holdings, Inc. Price, Consensus, and EPS Surprise

Boot Barn Holdings, Inc. price-consensus-eps-surprise-chart | Quote from Boot Barn Holdings, Inc.

What the Zacks Model Reveals

Our proven model predicts an earnings beatdown for Boot Barn Holdings this time around. The combination of a positive Earnings ESP and a Zacks rank of #1 (Strong Buy), 2 (Buy), or 3 (Hold) increases the odds of beating Earnings. You can discover the best stocks to buy or sell before they’re flagged with our earnings ESP filter. You can see the full list of today’s Zacks #1 Rank stocks here.

Boot Barn Holdings has a Zacks rank of #3 and an ESP gain of +2.44%.

3 additional actions with a favorable combination

Here are three other companies you might want to consider, as our model shows that they also have the right combination of elements to show a pace of profit:

Costco COST currently has a +1.39% win ESP and a #2 Zacks rank. The company will likely see improved results when it releases third-quarter fiscal 2022 numbers. Zacks’ consensus estimate for quarterly earnings per share of $3.03 suggests an improvement from 2, $75 reported in the prior year quarter.

Costco’s revenue is expected to grow year over year. Zacks’ consensus estimate for quarterly revenue is $50.84 billion, indicating a 12.3% improvement over the figure reported in the year-ago quarter. COST has a surprise on earnings for the last four quarters of 13.3% on average.

Crocodile CROX currently has a +1.07% Earnings ESP and a #3 Zacks Rank. The company will likely see improved results when it releases Q1 2022 numbers. Zacks’ consensus estimate for quarterly earnings per share of $1.56 suggests an improvement from $1.49 reported in the quarter of the previous year.

Crocs revenue is expected to grow year over year. Zacks’ consensus estimate for quarterly revenue is pegged at $623.2 million, indicating a 35.5% improvement over the figure reported in the year-ago quarter. CROX has a surprise on earnings for the last four quarters of 35.5% on average.

Designer brands DBI currently has a +4.55% Earnings ESP and a #3 Zacks Rank. The company will likely see improved results when it reports fiscal 2022 first quarter numbers. Zacks’ consensus estimate for quarterly earnings per share of 22 cents suggests a substantial improvement from the reported 12 cents. in the quarter of the previous year.

The revenue of designer brands is expected to increase year on year. Zacks’ consensus estimate for quarterly revenue is pegged at $806.7 billion, indicating a 14.7% improvement over the figure reported in the year-ago quarter. DBI has a surprise on earnings for the last four quarters of 112.8% on average.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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