PriceSmart Inc. [NASDAQ:PSMT] will report earnings after markets close on Thursday, January 7th.
PSMT Earnings Forecast For The Current Quarter
PriceSmart Inc. [PSMT] is expected to report strong earnings results for the quarter ending on Nov 2020. Consensus estimates give the company expected revenues of $837.37M and an earnings per share of $0.68 for Nov 2020. Looking further ahead, the company is expected to report revenue of $919.04M at an EPS of $0.85 for Feb 2021. The estimates represent 8.10% and 16.21% in the company’s revenue and earnings per share, respectively, on a year-on-year basis.
PSMT Earnings Estimates For The Current Year
For the financial year, PriceSmart Inc. [NASDAQ:PSMT] is expected to bring in revenue of $3.47B. The returns are nearly $140.0 million higher than the company’s actual revenue recorded in the fiscal year 2020. In terms of EPS for the 2021, estimate put it at 2.74, higher than that of FY20 by $0.19. Estimates put this year’s earnings growth at 7.50%, 16.40% for the next, and at an annual 15.00% over the next 5-year period. As for sales, forecasts are for an increase of 4.30% in the current fiscal year and a further 8.10% over the following year.
PSMT Price Performance
On Wall Street, PriceSmart Inc. [NASDAQ:PSMT] finished Tuesday’s session up 1.07% at $93.23. The stock went up to $94.18 at the same session while its lowest single day price was $91.23. In the last five days, it saw a rise of about 3.16%, PriceSmart Inc. shares gained by almost 2.35% since the beginning of the year. However, the share price has dropped to as low as -2.32% below its one year high. On 01/05/21, the company shares recorded $94.18, the highest single-day price it has got to in the last 52-weeks and a 52-week low was seen on 01/04/21, the same year at $90.69. The company’s shares have inclined by 37.43% in the past year. The 50-day SMA achieved is $81.75 while the 200-day SMA is $67.12. Volume gained to 0.16 million from 71600.0 in the previous session.
PriceSmart Inc. [PSMT] Valuation Measures
Notably, PriceSmart Inc. [PSMT] stock cannot be classified as a good candidate in the listing of underestimated low-priced Discount Stores companies to purchase soonest possible with the prevailing 12-month PE ratio of 36.50. The measure means the stock is exchanging at a premium as compared to the 18.48x trailing earnings of the industry. It can be helpful for investors to consider historical price-sales ratio, more specifically, a 0.87 PS value ratio is reported for the last one year of reported earnings. That is higher than the industry average of 0.45 which means PSMT serve an unattractive investment opportunity compared to its competitors.
PSMT Stock Support And Resistance Levels
On the 24-hour scale, the immediate backing is perceived around 91.58 level, and in case of violation of this particular level, it will cause more drop to 89.93 level. On the upper level, 95.83 is still the key resistance. The stock may increase to the subsequent resistance at 94.53. The Relative Strength Index (RSI) pinned on the 14-day chart is 71.05, implying a overbought technical stance while the MACD stands at 0.87, meaning price will decrease in the next trading period. Percent R indicator moved to 30.40%, implying low price movement. Stochastic %K at 62.16% suggest holding the stock.
Is PriceSmart Inc. [NASDAQ:PSMT] a Good Buy Right Now?
It should be noted that PSMT technical indicators for short, intermediate as well as long term progress have placed an overall average of 100% as Buy. The average signal changed from 100% Buy in the last week and compares with 100% Buy in the past month. Data from PriceSmart Inc.’s Trend Spotter indicated that the signals were Weakening. The stock current average is 0.12 million shares in the past 20 days and the short term average signal indicates a 100% Buy. In the last 50 days, the average trading volume was 0.13 million shares while the medium term average advocated for 100% Buy. The average long-term signal stands at 100% Buy and the 100-day average volume stands at 0.12 million shares.
What is the short interest in PriceSmart Inc.?
Short interest in the PriceSmart Inc. stock has plunged, decreasing by -0.12 million shares to total 0.77 million shares on Dec 14, 2020. The interest had seen shares on Nov 12, 2020 stand at 0.65 million, data from Yahoo Finance shows. The increase of 15.74% suggests the stock saw some increased bearish sentiment. The stock’s days to cover moved to short ratio while the shorted shares account for just 6.00% of the overall float for the stock.
PriceSmart Inc.’s Biggest Shareholders: Who Owns PriceSmart Inc. [PSMT]?
Filings by EdgePoint Investment Group, Inc. showed that the firm now holds a total of 3,766,171 shares or roughly 12.28% of the outstanding PSMT shares. This means their shares have increased by 51,580 from the 3,766,171 the investor reportedly held in its prior 13-F filing. With the conclusion of the purchase, Kayne Anderson Rudnick Investment updated stake is worth $263,983,704. Details in the latest 13F filings reveal that BlackRock Fund Advisors acquired their 2.48% stake valued at $258,432,280 while The Vanguard Group, Inc. cut theirs at $196,114,822. During the last quarter, BlackRock Fund Advisors raised 76,796 of its shares in PriceSmart Inc. while The Vanguard Group, Inc. sold -100,326 shares. The Fidelity Management & Research Co’s holdings currently number 1,109,626 shares at $103450431.98. According to the firm’s last 13F report, Dimensional Fund Advisors LP shares in the company at filing stood at 1,106,046 shares, roughly $89,899,419.
What are analyst thoughts on PriceSmart Inc.?
Looking forward to the PriceSmart Inc. share price prediction, we can see that analysts, surveyed by FactSet, offer the mean price target for PriceSmart Inc. stock at $80.00 within the next 12 months, which represents almost -16.54 per cent growth from its previous closing price of $93.23. The highest analysts’ target for PriceSmart Inc. stock projections is $80.00 and the lowest one is $80.00. Still, 2 analysts sharing their consensus rating for PSMT stock in 2021 agree that it is a Hold.