Banking

Fox Factory Stock Just Within Buy Range As Earnings Approach

To build your earnings season watch list, focus on stocks in or near a potential buy range ahead of their next report. One such company is Fox Factory (FOXF). It’s expected to release its latest numbers around May 6.

The high-performance suspension maker ran up to a high of 166.88 on Apr. 27. Since then, the stock has pulled back and trading about 5% above a 144.36 buy point from a second-stage consolidation. Read “Looking For The Next Big Stock Market Winners? Start With These 3 Steps” for more tips.




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Understand that buying a stock just before it reports is risky, since an EPS or sales miss could send it sharply lower. You can minimize your risk by waiting to see how the company reports and how the market reacts. You can also use an options strategy to limit your potential downside.


Looking For The Best Stocks To Buy And Watch? Start Here


In terms of fundamentals, Fox Factory has posted two quarters of rising earnings growth. Sales growth has also risen during the same period.

Consensus analyst estimates call for earnings-per-share growth of 0% for the quarter, and 18% growth for the full year. Annual growth estimates were recently revised lower.

Fox Factory stock has a 96 Composite Rating and earns the No. 2 rank among its peers in the Leisure-Products industry group. Brunswick (BC) is the top-ranked stock within the group.

Note: Dates for earnings reports are subject to change. Check the company’s website for any updates.

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