Bull of the day: Groupe Curo (CURO)
The market is on the mend after the coronavirus shutdown hit the economy like a ton of bricks. While many industries remain on the defensive, some are recovering every day. In order to find stocks with the best chance of future success, I rely on the strength of Zacks Rank. The stocks of major industries with good Zacks ranks have the strongest earnings trends. These are trends that have developed over several quarters and don’t change in the blink of an eye, like stock prices. By investing in stocks with a strong Zacks ranking, you can stay confident during short-term market declines.
Today’s Bull of the Day is one of those stocks with a high Zacks ranking. Today’s bull is Zacks’ first row (strong buy) CURO Group (CURO). CURO Group Holdings Corp., a diversified consumer credit company, provides consumer credit to a range of underbanked consumers in the United States, Canada and the United Kingdom. It offers unsecured installment loans, secured installment loans, indefinite loans and lump sum loans, as well as ancillary financial products including check cashing, proprietary reloadable prepaid debit cards, credit protection insurance, gold buying, retail installment sales and money transfer services.
CURO Group Holdings Corp. Price and consensus
CURO Group Holdings Corp. price-consensus-chart | Listing of CURO Group Holdings Corp.
The Financial Industry – Consumer Loans ranks in the Top 33% of our Zacks Industry Rankings. CURO’s favorable rankings can be attributed to the series of revisions to recently revised upward earnings estimates. Estimates for the current year are on the rise. With analysts revising earnings higher, EPS estimates for the current year have fallen from $ 2.98 sixty days ago to $ 3.17 today. This would represent 12.01% year-over-year profit growth.
The stock is expected to publish its profits after the bell this Thursday, April 30e. Analysts expect 91 cents EPS ahead of print. There is a positive 1.27% earnings ESP before the print, giving it a chance to beat the estimates this coming week.
More news on the stock: it’s bigger than the iPhone!
She could become the mother of all technological revolutions. Apple has only sold a billion iPhones in 10 years, but a new breakthrough is expected to generate over 27 billion devices in just 3 years, creating a market of $ 1.7 trillion.
Zacks has just published a special report that highlights this rapidly emerging phenomenon and 6 tickers to take advantage of it. If you don’t buy now, you could be getting started in 2020.
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.