Floor & Decor (FND) upgraded to Zacks Rank #2 due to rising earnings estimates, signaling potential growth
From Nasdaq: 2025-01-01 12:00:11
Floor & Dcor (FND) has been upgraded to a Zacks Rank #2 (Buy) due to an upward trend in earnings estimates. The Zacks rating system tracks EPS estimates and is highly useful for individual investors. Rising earnings estimates for FND indicate an improvement in the company’s business, potentially leading to a higher stock price.
Analysts have steadily raised their estimates for Floor & Dcor, with a 2.3% increase in the Zacks Consensus Estimate over the past three months. The Zacks Rank stock-rating system, with an impressive track record, classifies stocks based on earnings estimates. FND is expected to earn $1.71 per share for the fiscal year ending December 2024.
The Zacks Rank upgrade for Floor & Dcor to #2 places it in the top 20% of Zacks-covered stocks for estimate revisions, suggesting potential for the stock to move higher. Research Chief names FND as a top pick with explosive upside, targeting millennial and Gen Z audiences. Investors can access more information on Zacks Investment Research for further insights.
Read more at Nasdaq: What Makes Floor & Dcor (FND) a New Buy Stock