Wall Street await Conn’s Inc (NASDAQ:CONN) to release earnings on September, 14. Analysts forecast EPS of $-0.06, down exactly $0.53 or 112.77% from 2014’s $0.47 EPS. After posting $-0.31 EPS for the previous quarter, Conn’s Inc’s analysts now forecast -80.65% EPS growth. About 889,987 shares traded hands or 14.32% up from the average. Conn’s Inc (NASDAQ:CONN) has declined 31.94% since February 8, 2016 and is downtrending. It has underperformed by 48.43% the S&P500.
Out of 3 analysts covering Conns Inc (NASDAQ:CONN), 1 rate it a “Buy”, 0 “Sell”, while 2 “Hold”. This means 33% are positive. Conns Inc has been the topic of 6 analyst reports since September 15, 2015 according to StockzIntelligence Inc. Piper Jaffray downgraded the stock on June 3 to “Neutral” rating.
The institutional sentiment decreased to 0.48 in 2016 Q2. Its down 0.76, from 1.24 in 2016Q1. The ratio dived, as 18 funds sold all Conn’s Inc shares owned while 40 reduced positions. 6 funds bought stakes while 22 increased positions. They now own 19.25 million shares or 18.72% less from 23.68 million shares in 2016Q1.
Pacific Global Investment Management Co holds 0.9% of its portfolio in Conn’s Inc for 520,190 shares. Anchorage Capital Group L.L.C. owns 4.55 million shares or 0.82% of their US portfolio. Moreover, Luxor Capital Group Lp has 0.58% invested in the company for 2.94 million shares. The Connecticut-based Contrarian Capital Management L.L.C. has invested 0.35% in the stock. Blue Clay Capital Management Llc, a Minnesota-based fund reported 14,500 shares.
Conn’s, Inc. is a specialty retailer that offers a selection of consumer goods and related services in addition to a credit solution for its core credit constrained consumers. The company has a market cap of $317.54 million. The Firm operates through two divisions: retail and credit. It currently has negative earnings. The Retail segment includes product categories, such as furniture and mattress, including furniture and related accessories for the living room, dining room and bedroom; home appliance, including refrigerators, freezers, washers, dryers, dishwashers and ranges; Consumer electronics, including liquid-crystal-display , organic LED (OLED), Ultra high definition (HD) and Internet-ready televisions, and home office, including computers, printers and accessories.
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