Published on 30 Jul 2021 on Zacks via Yahoo Finance
Tempur Sealy (TPX) Hits 52-Week High, Can the Run Continue?
Have you been paying attention to shares of Tempur Sealy International (TPX)? Shares have been on the move with the stock up 4.6% over the past month. The stock hit a new 52-week high of $43.99 in the previous session. Tempur Sealy International has gained 60.9% since the start of the year compared to the -0.5% move for the Zacks Retail-Wholesale sector and the 45% return for the Zacks Retail - Home Furnishings 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 July 29, 2021, Tempur Sealy reported EPS of $0.79 versus consensus estimate of $0.6.