Why Boot Barn (BOOT) is Poised to Beat Earnings Estimates Again

For the most recent quarter, Boot Barn was expected to post earnings of $0.89 per share, but it reported $1.01 per share instead, representing a surprise of 13.48%. For the previous quarter, the consensus estimate was $1.80 per share, while it actually produced $1.81 per share, a surprise of 0.56%. Our research shows that stocks with the combination of a positive Earnings ESP and a Zacks Rank #3 (Hold) or better produce a positive surprise nearly 70% of the time. In other words, if you have 10 stocks with t ...