(GYMB) Gymboree Corp. – Aggressive Growth – Zacks Rank Buy

July 13th, 2009

Gymboree Corp (GYMB) drastically raised its earnings guidance for the second quarter.

On July 9th the childrens’ retailer updated expectations for earnings. The company now sees earnings falling in the range of $0.19 to $0.24 per share, both ends of the ranger are up 10 cents from the previous forecast.

Gymboree sites better margins and higher revenue for the optimism. The company announced second-quarter earnings on August 19th.

Analysts Reacting

Four of the 8 analysts have raised estimates for both this year and next within the past 30 days. The consensus for the current fiscal year is now $2.96, up from $2.19 in the past 90 days.

Forecasts for next year are averaging $3.22, up from $2.75. The company has beat expectations in each of the past 5 quarters.

The Chart

The market loved the upbeat release from Gymboree. Take a look at the highlighted portion of the chart below.

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Read more on Gymboree at Wikinvest


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