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Three Consumer Stocks That Could Outperform in the Fourth Quarter

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Sep 27, 2022 (PressReach.com via COMTEX) -- The third-quarter earnings cycle is about to begin, and it seems that it will be a difficult reporting season for various stocks.

Even so, there are certain names that jump out as prospective winners. Dick’s Sporting Goods stocks /zigman2/quotes/200566298/composite DKS +1.66% , Starbucks stocks /zigman2/quotes/207508890/composite SBUX -0.21% , and Ulta Beauty stocks /zigman2/quotes/210513442/composite ULTA +3.11% are all good consumer-oriented firms for long-term investors, particularly at such large discounts to recent highs.

Dick’s Sporting Goods stocks /zigman2/quotes/200566298/composite DKS +1.66% shocked the market with its Q2 earnings and second-half expectations, positioning it favorably for Q3. The firm posted lower-than-expected comps and net sales against a highly challenging comp, with the pre-pandemic comparative running at +38%. While Dick’s may continue to see some losses, market share increases, and eCommerce platforms could allow the company to maintain its high pre-pandemic comparison and beat the consensus statistics.

Analysts are also bullish on Dick’s Sporting Goods stock price movement. Since right before the Q2 data were revealed, the 19 analysts who now cover Dicks stocks have issued 15 favorable comments. Dick’s Sporting Goods is expected to disclose third-quarter earnings in late November.

Starbucks stocks /zigman2/quotes/207508890/composite SBUX -0.21% have been going upward since late summer, and it seems that this trend will continue until the end of the year. Starbucks is one of Marketbeat’s Most Upgraded Stocks, thanks to incoming CEO Laxman Narasimhan’s positive reception from analysts. This tendency might continue with the impending earnings report. Pumpkin-flavored everything is back on the menu, and ardent fans are returning to the shop, which will likely show up on the top and bottom lines. Until then, Starbucks’ average recommendation is a Hold, down from a Moderate Buy earlier this year but offset by a growing consensus price target. The price objective of $1.03.50 is 23% higher than the current price movement and higher in the 30 and 90 days. Starbucks will disclose third-quarter profits in late October.

Ulta Beauty /zigman2/quotes/210513442/composite ULTA +3.11% is primarily a mall-based store, but don’t let that deter you. The company’s value proposition, prominent retail presence, and eCommerce drive growth and increase market share while preserving profitability. Because the Q2 results were released late in the season, the Q3 results will not be available until early December, but the forecast is positive. The firm outperformed on both the top and bottom lines in the second quarter, raising expectations to levels substantially beyond recent consensus projections, but this guidance may be conservative.

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Author: Okoro Chinedu
Market Jar Media Inc.
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COMTEX_415409931/2810/2022-09-27T14:05:02

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/zigman2/quotes/200566298/composite
US : U.S.: NYSE
$ 118.50
+1.93 +1.66%
Volume: 1.52M
Dec. 7, 2022 4:00p
P/E Ratio
10.52
Dividend Yield
1.65%
Market Cap
$9.72 billion
Rev. per Employee
$238,654
loading...
/zigman2/quotes/207508890/composite
US : U.S.: Nasdaq
$ 101.87
-0.21 -0.21%
Volume: 4.19M
Dec. 7, 2022 4:00p
P/E Ratio
35.96
Dividend Yield
2.08%
Market Cap
$117.17 billion
Rev. per Employee
$80,170
loading...
/zigman2/quotes/210513442/composite
US : U.S.: Nasdaq
$ 480.05
+14.47 +3.11%
Volume: 841,461
Dec. 7, 2022 4:00p
P/E Ratio
21.10
Dividend Yield
N/A
Market Cap
$23.69 billion
Rev. per Employee
$239,783
loading...
/zigman2/quotes/200566298/composite
US : U.S.: NYSE
$ 118.50
+1.93 +1.66%
Volume: 1.52M
Dec. 7, 2022 4:00p
P/E Ratio
10.52
Dividend Yield
1.65%
Market Cap
$9.72 billion
Rev. per Employee
$238,654
loading...
/zigman2/quotes/207508890/composite
US : U.S.: Nasdaq
$ 101.87
-0.21 -0.21%
Volume: 4.19M
Dec. 7, 2022 4:00p
P/E Ratio
35.96
Dividend Yield
2.08%
Market Cap
$117.17 billion
Rev. per Employee
$80,170
loading...
/zigman2/quotes/210513442/composite
US : U.S.: Nasdaq
$ 480.05
+14.47 +3.11%
Volume: 841,461
Dec. 7, 2022 4:00p
P/E Ratio
21.10
Dividend Yield
N/A
Market Cap
$23.69 billion
Rev. per Employee
$239,783
loading...

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