Cost Plus, Inc. (CPWM) - Zacks #1 Rank Top Performers
January 22 2012 - 7:00PM
Zacks
Cost Plus, Inc. (CPWM) had a pretty good holiday season,
generating sales of $295.5 million as announced earlier this month.
That result beat year-ago sales of $277.5 million.
More importantly though, same-store sales for the nine-week
period were 7.4%, compared to 7% last year.
Since then, earnings estimates for this specialty retailer of
casual home living have moved higher, underscoring its Zacks #1
Rank (Strong Buy). CPWM has also enjoyed an upgrade from a
brokerage firm recently.
And on Monday, it began the week as a Zacks #1 Rank Top
Performer with a gain of practically 6%. Meanwhile, volume was
almost 600,000, compared to the daily average of around
220,000.
The past 30 days have seen the Zacks Consensus Estimate for this
fiscal year advance to 65 cents per share, marking a 3.2% gain from
63 cents. Meanwhile, the Zacks Consensus Estimate for the fiscal
year ending January 2013 has moved 4.3% in that time to 98
cents.
At the moment, analysts are expecting profit growth of more than
50% from next fiscal year over this fiscal year.
![](http://www.zacks.com/images/upload_dir/1327355205.jpg)
However, the most direct reason behind the upward earnings
estimates is not so much the sales figures, but the outlook that
CPWM offered. The company said it is confident of meeting or
surpassing the high end of its fourth-quarter and full-year 2011
sales and earnings guidance.
The fiscal fourth-quarter is not expected to be announced until
March. The Zacks Consensus Estimate for the period is currently
$1.48 per share. As with the annual estimates, the result has
improved in the past 30 days; it has increased by 2% in that
time.
![](http://www.zacks.com/images/upload_dir/1327355654.jpg)
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