Conn's Stock Hopes to Avoid Best Buy's Trap on Thursday
One of retail's most volatile stocks will get another reason to rock and roll this week, as Conn's (NASDAQ: CONN) reports quarterly results on Thursday morning. Analysts aren't holding out for much. They see revenue sliding nearly 7% to $371.9 million with the chain's quarterly deficit being cut in half to $0.02 a share.
This isn't the kind of performance that investors typically associate with a hot stock, but shares of Conn's have soared 54% so far in 2017. The retailer of furniture, mattresses, and consumer electronics saw its stock crumble through the first three months of the year before more than doubling in the month of April. Conn's has gone on to pad those gains, hitting 52-week highs this summer.
Image source: Conn's.
Source: Fool.com