According to J.P. Morgan, Tupperware Brands TUP will report Q1 results on Wednesday, April 27 and it thinks EPS will likely exceed the $0.84 estimate, which is a penny below consensus, but within the company's guidance range.
J.P. Morgan said that the stock has been very strong YTD, outperforming both the market and its peers. “We think that upward guidance revision is likely being priced in, which we expect to get given the weaker than anticipated US dollar. We continue to rate TUP Overweight. While the valuation of the stock has moved up to 13.7x vs. 12.3x over the past 5 years, we do not think it is expensive given that it has pretty consistently been amongst the fastest top line growers relative to its peer group and has a strong track record of delivering double-digit EPS growth.”
Tupperware Brands closed yesterday at $59.61.
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Posted In: Analyst ColorAnalyst RatingsConsumer DiscretionaryHousewares & SpecialtiesJ.P. MorganTupperware Brands
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