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The company's average rating score is 2.33, and is based on 1 buy rating, 2 hold ratings, and no sell ratings. KeyBanc downgraded the stock of furniture retailer Conn's Inc. to sector weight from overweight on Tuesday, after a mixed third-quarter that included a better performance from its credit portfolio and lower-than-expected ... Shares of Conn's Inc. plummeted 18.6% in premarket trading toward a more than two-year low, after the home goods retailer warned of a revenue shortfall and said its chief executive officer stepped down after just 14 month...
After Conn's Inc.'s president and CEO resigned in October, the company expected poor financial performance for the third quarter. That didn't stop the company's interim CEO from calling the results "disappointing." There's a lot to be optimistic about in the Financial sector as 2 analysts just weighed in on Conn's (CONN – Research Report) and Healthequity (HQY – Research Report) with bullish sentiments. Furniture retailer Conn's Inc. said Wednesday its board has approved a share buyback program of up to $150 million.
Is It Time to Buy CONN? Shares are down today.
Intraday data delayed at least 15 minutes or per exchange requirements. The technique has proven to be very useful for finding positive surprises. In fact, when combining a Zacks Rank #3 or better and a positive Earnings ESP, stocks produced a positive surprise 70% of the time, while they also saw 28.3% annual returns on average, according to our 10 year backtest. Zacks Earnings ESP looks to find companies that have recently seen positive earnings estimate revision activity. The idea is that more recent information is, generally speaking, more accurate and can be a better predictor of the future, which can give investors an advantage in earnings season. To receive marketing offer and advertisements via text/SMS message to your mobile device for products, services and financing offered by Conn's HomePlus.
Chief Executive Chandra Holt said the approval represents the biggest buyback authorization in the compan... But the analyst who called the Lehman Collapse says to expect a “Cash Frenzy” instead. The scores are based on the trading styles of Value, Growth, and Momentum. There's also a VGM Score ('V' for Value, 'G' for Growth and 'M' for Momentum), which combines the weighted average of the individual style scores into one score.
Conn’s, Inc. (NASDAQ:CONN) Q3 2023 Earnings Call Transcript
An industry with a larger percentage of Zacks Rank #1's and #2's will have a better average Zacks Rank than one with a larger percentage of Zacks Rank #4's and #5's. The Zacks Industry Rank assigns a rating to each of the 265 X Industries based on their average Zacks Rank. © 2022 Market data provided is at least 10-minutes delayed and hosted by Barchart Solutions. Information is provided 'as-is' and solely for informational purposes, not for trading purposes or advice, and is delayed.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating indiv idual securities. Additionally, Conn's HomePlus offers a variety of products on a seasonal basis. Unlike many of its competitors, Conn's HomePlus provides flexible in-house credit options for its customers in addition to third-party financing programs and third-party lease-to-own payment plans.
Conn's Estimates* in USD
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Conn's' stock is owned by a number of retail and institutional investors. Top institutional investors include BlackRock Inc. (12.77%), Dimensional Fund Advisors LP (6.50%), Vanguard Group Inc. (4.03%), State Street Corp (2.53%), Two Sigma Advisers LP (1.13%) and Bank of New York Mellon Corp (0.78%). Conn's updated its third quarter 2023 earnings guidance on Thursday, November, 3rd.
About Conn's (NASDAQ:CONN) Stock
Updated daily, it takes into account day-to-day movements in market value compared to a company’s liability structure. Conn's Inc. shares soared 17% in premarket trade Thursday, after the furniture and home appliances retailer posted a surprise profit for its fiscal second quarter. The company said it had net income of $20.5 million, or 7... Furniture retailer Conn's Inc. shares soared 10% in premarket trade Thursday, after the company posted first-quarter earnings that crushed expectations. The Woodlands, Texas-based Conn's said it had net income of $45.4 mi... Real-time analyst ratings, insider transactions, earnings data, and more.
To see all exchange delays and terms of use please see Barchart's disclaimer. 2 people have searched for CONN on MarketBeat in the last 30 days. This is an increase of 100% compared to the previous 30 days. MarketRank is calculated as an average of available category scores, with extra weight given to analysis and valuation.
The consensus among Wall Street research analysts is that investors should "hold" CONN shares. A hold rating indicates that analysts believe investors should maintain any existing positions they have in CONN, but not buy additional shares or sell existing shares. 3 equities research analysts have issued 12 month target prices for Conn's' shares. Their CONN share price forecasts range from $9.00 to $24.00.
High institutional ownership can be a signal of strong market trust in this company. Conn's Inc. on Tuesday recorded a wider than expected adjusted loss in the most recent fiscal quarter as same-store sales declined and the company's credit business increased its allowance for bad debts. There may be delays, omissions, or inaccuracies in the Information.
The Credit segment provides in-house consumer credit programs that offer standardized credit decisions, including down payment, limit amounts, and credit terms. The company was founded by Edward Eastham in 1890 and is headquartered in The Woodlands, TX. 3 Wall Street research analysts have issued "buy," "hold," and "sell" ratings for Conn's in the last twelve months. There are currently 2 hold ratings and 1 buy rating for the stock.
The company provided earnings per share guidance of for the period. The company issued revenue guidance of $312.20 million-$320.31 million, compared to the consensus revenue estimate of $326.11 million. Conn's' stock was trading at $23.52 at the beginning of 2022. Since then, CONN shares have decreased by 72.2% and is now trading at $6.55.
Conn's offers white-glove, next day delivery service on all in-stock items so customers don't have to wait to enjoy their purchase. Through a personalized selection of payment options, including flexible in-house financing, Conn's strives to help all customers create a home they love. The Company is a specialty retailer of home appliances and consumer electronics. It sells home appliances, consumer electronics, home office equipment, lawn and garden products, mattresses and furniture.
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