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What: Shares of electronics and home appliances retailer Conn's
So what: The company's fourth-quarter beat was so wide -- adjusted EPS of $0.34 versus the consensus of $0.29 -- that analysts have no choice but to raise their growth estimates yet again. Comparable store sales increased 12.1%, while margins continued to improve, suggesting that its turnaround momentum isn't about to slow anytime soon.
Now what: Looking ahead, management now sees 2013 EPS of $1.20-$1.30, up nicely from its prior view of $1.05-$1.15. "We are on track with our store opening plans and are looking forward to returning to unit growth after a period of retrenchment," Chairman and CEO Theodore Wright said. With the stock now up a whopping 270% over the past year and trading at a forward P/E of 15, however, much of that the growth might already be baked into the price.
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Fool contributor Brian Pacampara owns no position in any of the companies mentioned. Try any of our Foolish newsletter services free for 30 days. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Fool's disclosure policy always gets a perfect score.
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