Banking

Fox Factory Stock Bikes Into In Buy Zone With EPS On Deck

To build your earnings season watch list, focus on stocks in or near a potential buy range ahead of their next report. One such company is Fox Factory (FOXF). It’s expected to report on May 6.

It’s trading approximately 2% above a 144.36 buy point from a second-stage consolidation. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.




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Be aware that it’s risky to buy any stock just before it reports. You can minimize your risk by waiting to see how the company reports and how the market reacts. Using an options strategy during earnings season is another way to put yourself in a position to profit, while minimizing the potential downside.


See How IBD Helps You Make More Money In Stocks


In terms of top and bottom line numbers, Fox Factory has posted rising EPS growth over the last two quarters. Revenue gains have also increased during the same period.

Consensus analyst estimates call for EPS growth of 0% for the quarter, and 18% growth for the full year. Annual earnings estimates were recently revised higher.

Fox Factory stock has a 97 Composite Rating and earns the No. 2 rank among its peers in the Leisure-Products industry group. Johnson Outdoors (JOUT) is the top-ranked stock within the group.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.

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