Conn’s Inc. to post fourth-quarter numbers April 5

What's Happening With CONN View more about CONN >

Electronics retailer Conn’s Inc. (CONN) is expected to post its fourth-quarter numbers before the market opens April 5. Analysts forecast earnings of $0.54 per share, versus a loss of $0.05 during the same period last year. CONN shares are down 6.3% on the year.

Technical Analysis

CONN was recently trading at $33.20, down $4.60 from its 12-month high and $25.00 above its 12-month low. Overall technical indicators for CONN are bullish with shares currently in a sideways trend. The stock has recent support above $30.50 and recent resistance below $35.00. Of the four analysts who cover the stock, three rate it a “strong buy”, and one rates it a “hold”. CONN gets a score of 89 from InvestorsObserver’s Stock Score Report.

Analysts' Thoughts

After years of earnings declines, CONN is moving in the right direction. Earnings are expected to rise 522% during the current year, and over the next five years analysts expect 23.0% per annum growth. The market expects a big earnings beat for the most recent quarter, with a whisper number of $0.61 versus the consensus $0.54. The company has a solid earnings track record, posting big earnings surprises each of the last six quarters. Revenue was also better than expected last quarter after missing estimates for two straight quarters. CONN has been stuck in a fairly tight sideways trend for the last three months, but analysts continue to see a lot of upside in the stock. CONN is currently trading at $33.20, while analysts have an average price target of $39.00 on the stock.

CONN
About Conn's Inc.

Conn's Inc is a United-States-based specialty retailer primarily engaged in the sale of durable consumer goods and related services. The company operates through two segments. The retail segment sells a broad range of merchandise, including furniture and mattress products, home appliances, consumer electronics, and home office products. The credit segment provides credit solutions for credit constrained consumers based on customer risk and income level. A material portion of the company's customers finance purchases through its credit segment. The company focuses its business in the U.S., and generates most of its revenue from the retail segment.

Already a member?

Login to see your Stocks to Watch Trade Ideas.

Not yet a member?

Receive a Morning Action trade idea every market day in the Morning Update, plus Stocks to Watch Trade Ideas every Saturday.

Become A Member

|