Victoria's Secret (VSCO) reported strong earnings, showing value and potential for growth.

From Nasdaq.: 2024-08-29 19:01:00

Nvidia NVDA, Salesforce CRM, and Victoria’s Secret VSCO reported strong earnings this week. Victoria’s Secret stock is a Zacks Rank #1 (Strong Buy), showing value and potential for growth after exceeding Q2 expectations.

Victoria’s Secret is experiencing a return to prosperity as an intimate specialty retailer, with quarterly operating income growth for the first time since 2021. Q2 sales of $1.41 billion and EPS of $0.40 beat expectations, with improved guidance for fiscal 2024.

Victoria’s Secret stock holds an attractive PE valuation of 12.6X forward earnings, with EPS estimates rising in the last 30 days. The brand’s comeback and strong financial figures make it a compelling investment opportunity, supported by an “A” Zacks Style Scores grade for both Value and Momentum.

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