Shares of Cimpress (CMPR) have been strong performers lately, with the stock up 9.1% over the past month. The stock hit a new 52-week high of $100.01 in the previous session. Cimpress has gained 24.5% since the start of the year compared to the 3.4% move for the Zacks Consumer Discretionary sector and the 3.5% return for the Zacks Consumer Services - Miscellaneous industry.What's Driving the Outperformance?The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings c ...

The Consumer Discretionary group has plenty of great stocks, but investors should always be looking for companies that are outperforming their peers. Is Cimpress (CMPR) one of those stocks right now? A quick glance at the company's year-to-date performance in comparison to the rest of the Consumer Discretionary sector should help us answer this question.Cimpress is a member of the Consumer Discretionary sector. This group includes 292 individual stocks and currently holds a Zacks Sector Rank of #9. The Zack ...

Wall Street has been witnessing volatility for the past couple of weeks after a solid January that saw major indexes hitting all-time highs. Inflation rose in January and the Federal Reserve indicated that a rate cut in March is unlikely, which has left investors somewhat concerned.However, consumer sentiment is still high as Americans now believe that the economy is still on solid ground and will have a softer landing than expected earlier as inflation has declined sharply over the past year.The University ...

Momentum investing revolves around the idea of following a stock's recent trend in either direction. In the 'long' context, investors will be essentially be "buying high, but hoping to sell even higher." With this methodology, taking advantage of trends in a stock's price is key; once a stock establishes a course, it is more than likely to continue moving that way. The goal is that once a stock heads down a fixed path, it will lead to timely and profitable trades.Even though momentum is a popular stock char ...

U.S. stock markets are facing fluctuations in early 2024 after a sharp rally in 2023. The euphoria surrounding technology stocks evaporated as the yield on the benchmark 10-Year U.S. Treasury Note returned northward, trading well above 4%.This was primarily owing to the uncertainty regarding the time of the Fed’s first cut in the benchmark interest rate. Recently, several key Fed FOMC members said that they believe the rate hike regime is over. However, they are yet to be convinced that the economic conditi ...

When it comes to short-term investing or trading, they say "the trend is your friend." And there's no denying that this is the most profitable strategy. But making sure of the sustainability of a trend to profit from it is easier said than done.Often, the direction of a stock's price movement reverses quickly after taking a position in it, making investors incur a short-term capital loss. So, it's important to ensure that there are enough factors -- such as sound fundamentals, positive earnings estimate rev ...

Momentum investors typically don't time the market or "buy low and sell high." In other words, they avoid betting on cheap stocks and waiting long for them to recover. Instead, they believe that "buying high and selling higher" is the way to make far more money in lesser time.Everyone likes betting on fast-moving trending stocks, but it isn't easy to determine the right entry point. These stocks often lose momentum when their future growth potential fails to justify their swelled-up valuation. In that phase ...

Cimpress plc (CMPR) reported second-quarter fiscal 2024 (ended Dec 31, 2023) adjusted earnings of $2.14 per share, which surpassed the Zacks Consensus Estimate of $1.24. Cimpress incurred a loss of 46 cents per share in the year-ago quarter. Following this better-than-expected performance, shares of the company have gained 1.9% since the earnings release on Jan 31.Top-Line DetailsTotal revenues in the fiscal second quarter were $921.4 million, reflecting an increase of 9% from $845.2 million in the year-ago ...

Shares of Cimpress (CMPR 21.68%) rose 21.7% on Thursday after the mass-customization specialist announced strong fiscal second-quarter 2024 results.Cimpress is firing on all cylindersFor its fiscal second quarter 2024 ended Dec. 31, 2023, Cimpress' revenue grew 9% year over year to $921.4 million. This translated to net income of $58.1 million, or $2.14 per share. Analysts, on average, were only expecting earnings of $1.24 per share on revenue of $892.1 million. Cimpress CEO Robert Keane credited the compan ...

Financial Data and Key Metrics Changes - The company reported a consolidated revenue growth of 9% on a reported basis and 6% on an organic constant currency basis in Q2 [16] - Adjusted EBITDA increased by $55 million year-over-year to $266 million, with adjusted EBITDA margins up nearly 500 basis points to 18.1% [16] - Net leverage improved from 5.5 times trailing 12-month EBITDA to 2.87 times, nearly halving in one year [18] - Adjusted EBITDA guidance for FY24 was raised to at least $455 million, with expected free cash flow conversion at approximately 45% [20] Business Line Data and Key Metrics Changes - Vista's revenue grew 9% on an organic constant currency basis, with strong growth across business product categories and a 7% growth in consumer products [17] - All product categories except business cards and consumer had double-digit bookings growth in Q2 [24] - Upload and print businesses expanded profitability with a 41% year-over-year increase in EBITDA [42] Market Data and Key Metrics Changes - North America was the largest contributor to incremental revenue growth, with balanced growth across regions [38][63] - The company noted a healthy customer acquisition cohort, particularly in the consumer segment, which is expected to sustain mid to high-single-digit growth [25] Company Strategy and Development Direction - The company is focusing on execution and continuous improvements rather than relying on large changes, which has been effective in driving customer satisfaction and profitability [13][51] - There is a strategic shift towards direct relationships with end customers, reducing reliance on intermediaries, which is seen as beneficial for long-term economics [10] - The integration of design services from the 99designs community into VistaPrint is a key focus area to enhance customer experience [2][58] Management's Comments on Operating Environment and Future Outlook - Management acknowledged the challenges posed by rising input costs, particularly in paper, which increased by over 50% in some regions [8] - The second half of the fiscal year is expected to present tougher comparisons for profitability, but there is optimism for further growth [21] - Management emphasized the importance of continuous optimization and testing based on price elasticity to maintain competitive pricing [89] Other Important Information - The board authorized share repurchases of up to $150 million, reflecting confidence in the company's financial position [22] - The company has completed the migration to the Wix website builder, which has significantly improved customer experience [86] Q&A Session Summary Question: What drove the 7% growth in the consumer segment? - The team identified and acted on areas for improvement, leading to strong performance in the consumer category, which exceeded modest expectations [25][26] Question: How is customer adoption of the Vista x Wix digital offering progressing? - Digital bookings grew year-over-year in Q2, and there is an expectation for continued growth in digital revenues [59] Question: What accounted for the big share-based compensation jump in the second quarter? - The increase was due to a combination of performance share units and restricted stock units, with higher attainment percentages based on strong results [48][49] Question: What is the outlook for the upload and print segment? - Management views the upload and print businesses as healthy, with a focus on driving bottom-line expansion and innovation [42][74] Question: How is the integration of design services progressing? - The integration of VistaCreate capabilities into the VistaPrint experience is ongoing, with incremental improvements being made [96]