BJ’s Wholesale Club (BJ) Gains As Market Dips: What You Should Know

This story originally appeared on Zacks

In the last trading session, BJ’s Wholesale Club (BJ) closed at $64.88, recording a move of +0.43% from the day before. The move outpaced the S&P 500’s daily loss of 1.42%. Elsewhere, the Dow Jones lost 0.49%, while the big tech Nasdaq lost 0.47%.

– Zacks

As of today, shares of the wholesale membership warehouse operator have lost 4.72% in the past month. Meanwhile, the consumer discretionary sector lost 2.06%, while the S&P 500 gained 0.39%.

Wall Street will be looking for positivity from BJ’s Wholesale Club as it approaches the next earnings report date. The company is expected to report earnings per share of $0.75, up 7.14% from the previous quarter. Meanwhile, Zacks revenue estimates forecast net sales of $4.39 billion, up 11.33% from the same period last year.

Looking at the full year, our Zacks Consensus estimates that analysts expect earnings of $3.18 per share and revenue of $16.82 billion. These totals will indicate changes of +2.91% and +8.99%, respectively, from last year.

Investors may also notice recent changes in analyst estimates for BJ’s Wholesale Club. These reviews usually reflect the latest short-term business trends, which can change frequently. As a result, we can interpret positive rating reviews as a good sign of the company’s business outlook.

Our research shows that these discretionary changes are directly correlated with near-term stock prices. To take advantage of this, we have developed Zacks Rank, a proprietary model that takes these discretionary changes into account and provides an actionable ranking system.

Ranging from #1 (strong buy) to #5 (strong sell), the Zacks Rank has a track record of outperforming externally audited, with the #1 stock having achieved a +25% average annual return since 1988. More in a month Past, Zacks Consensus EPS estimate has held steady. BJ’s Wholesale Club holds a Zacks rating of #1 (strong buy) at the moment.

Investors should also take note of BJ’s wholesale club’s current valuation metrics, including a forward price-to-earnings ratio of 20.31. This valuation represents a premium over the industry’s forward P/E average of 11.43.

It is also worth noting that BJ currently has a PEG ratio of 2.03. The price-earnings-growth (PEG) ratio is similar to the widely used price-to-earnings (P/E) ratio, but this metric also takes into account a company’s expected earnings growth rate. Consumer Services Sector – The average price-return-growth (PEG) ratio is currently 1.37 as of yesterday’s close.

Consumer Services – Diversified industries are part of the discretionary consumer sector. This group has a Zacks Industry Rating of 105, placing it in the top 42% of all 250+ industries.

Zacks Industry Ranks are listed in order from best to worst in terms of the average Zacks rating of individual companies in each of these sectors. Our research shows that industries ranked 50% outperform the bottom half by a factor of 2 to 1.

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