Published on 4 Mar 2024 on Zacks via Yahoo Finance
Cimpress plc (CMPR) Hit a 52 Week High, Can the Run Continue?
Shares of Cimpress (CMPR) have been strong performers lately, with the stock up 9.1% over the past month. The stock hit a new 52-week high of $100.01 in the previous session. Cimpress has gained 24.5% since the start of the year compared to the 3.4% move for the Zacks Consumer Discretionary sector and the 3.5% return for the Zacks Consumer Services - Miscellaneous industry.
What's Driving the Outperformance?
The stock has an impressive record of positive earnings surprises, as it hasn't missed our earnings consensus estimate in any of the last four quarters. In its last earnings report on January 31, 2024, Cimpress reported EPS of $2.14 versus consensus estimate of $1.24 while it beat the consensus revenue estimate by 2.25%.