Ruby Tuesday, Inc. (RT) is a firm in the services sector that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.

These positive earnings estimate revisions suggest that analysts are becoming more optimistic on RT’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Ruby Tuesday could be a solid choice for investors.

Current Quarter Estimates for RT

In the past 30 days, 2 estimates moved up for Ruby Tuesday but there was no downward revision. The consensus estimate trend has been pretty favourable, with estimates narrowing to a loss of 15 cents a share from a loss of 16 cents, a significant move.

Current Year Estimates for RT

Meanwhile, Ruby Tuesday s’ current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to no downward revisions. The consensus estimate trend has also seen a boost for this time frame, narrowing from loss of 18 cents per share 30 days ago to loss of 10 cents per share today, a significant move.

Bottom Line

The stock has also started to move higher lately, adding 14.6% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 Ruby Tuesday stock to profit in the near future.

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RUBY TUESDAY INC (RT): Free Stock Analysis Report


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