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Shares of PriceSmart
PSMT were bucking the market trend on Monday afternoon, trading higher ahead of the company's quarterly earnings report after the bell. Heading into the final hour of trade, the stock had added 0.36 percent and was trading above $63.30. Wall Street analysts have consensus EPS estimates of $0.60 going into the report. This compares to EPS of $0.55 in the year ago period.
Revenues are expected to be $510.68 million versus $431.15 million last year. This represents sales growth of 18.40%. Over the last 3 months, earnings estimates have gone from $0.62 per share to the current estimate of $0.60. During this time, PSMT shares have lost around 16 percent. Year-to-date, the stock is down over 9 percent.
Shares of PriceSmart leveled off in the afternoon, and at current levels heading into the close are down 0.77 percent from Friday's close, trading at $62.65.
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