Helen of Troy (HELE) shares rallied 10.3% in the last trading session to close at $39.97. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 32.1% loss over the past four weeks.
Helen of Troy’s stock gained momentum as investor sentiment improved amid a broader market rally, following President Donald Trump’s announcement of a 90-day pause on reciprocal tariffs for all countries except China. The company’s focus on strengthening its core operations and shaping its growth portfolio are further fueling its upward trajectory.
This personal and household products company is expected to post quarterly earnings of $2.35 per share in its upcoming report, which represents a year-over-year change of -4.1%. Revenues are expected to be $481.89 million, down 1.5% from the year-ago quarter.
Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correlated with near-term stock price movements.
For Helen of Troy, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on HELE going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #3 (Hold). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
Helen of Troy is part of the Zacks Cosmetics industry. Coty (COTY), another stock in the same industry, closed the last trading session 14.3% higher at $5.36. COTY has returned -17.6% in the past month.
Coty's consensus EPS estimate for the upcoming report has changed -10.5% over the past month to $0.06. Compared to the company's year-ago EPS, this represents a change of +20%. Coty currently boasts a Zacks Rank of #3 (Hold).
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Helen of Troy Limited (HELE): Free Stock Analysis Report Coty (COTY): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).
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