To build your earnings season watch list, focus on stocks in or near a potential buy zone ahead of their next quarterly report. IBD 50 member Pool (POOL) currently fits that bill. It’s expected to report on Oct. 22.
It’s trading about 5% above a 342.25 buy point from a second-stage cup without handle. The stock is on IBD’s Long-Term Leaders List.
Understand that buying a stock just ahead of earnings can be risky since you typically don’t have enough time to build a profit cushion before the latest quarterly numbers come out. Be sure to follow sound buy and sell rules to minimize your exposure.
Taking a look at top and bottom line numbers, the company has posted two quarters of increasing earnings growth. Top line growth has also moved higher over the same time frame.
Analysts expect earnings-per-share growth of 18% for the quarter, and 26% growth for the full year. Annual earnings-per-share estimates were recently revised upward.
The company has a 99 Composite Rating and holds the No. 1 rank among its peers in the Retail-Leisure Products industry group. Pool (POOL) and Sportsmans Warehse (SPWH) are also among the group’s highest-rated stocks.
Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.
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