Conn's (CONN) Strong Q3 Results are Just the Beginning - Cramer
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Conn's Inc. (Nasdaq: CONN) is on the rise again following a positive week and solid mention by Jim Cramer Thursday night.
Cramer noted the strong run in Conn's this week following quarterly results from the retailer. He said it was exactly the
Cramer alluded to an interview with Chart Industries (Nasdaq: GTLS) this week, with its CEO saying wages were on the rise given the shortage of skilled labor.
With operations in Louisiana and Texas, Cramer said he is looking for more stories like Conn's as the U.S. energy sector continues to percolate.
On Thursday morning, Conn's posted Q3 EPS of 66 cents on revenue of $311 million, while the Street was at EPS of 64 cents and revs of $290. The company also said it is looking for FY14 EPS of $2.75 to $2.80 and FY15 EPS of $3.80 to $4, while consensus views are at FY14 EPS of $2.60 and FY15 EPS of $3.57.
Shares of Conn's are up over 6.5 percent Friday morning, after closing 19.4 percent higher Thursday.
Cramer noted the strong run in Conn's this week following quarterly results from the retailer. He said it was exactly the
pin actionhe expected to see from the company, given that it operates in the heart of the nation's oil and gas boom and that sort of growth would spill over into the surrounding economy eventually.
Cramer alluded to an interview with Chart Industries (Nasdaq: GTLS) this week, with its CEO saying wages were on the rise given the shortage of skilled labor.
With operations in Louisiana and Texas, Cramer said he is looking for more stories like Conn's as the U.S. energy sector continues to percolate.
On Thursday morning, Conn's posted Q3 EPS of 66 cents on revenue of $311 million, while the Street was at EPS of 64 cents and revs of $290. The company also said it is looking for FY14 EPS of $2.75 to $2.80 and FY15 EPS of $3.80 to $4, while consensus views are at FY14 EPS of $2.60 and FY15 EPS of $3.57.
Shares of Conn's are up over 6.5 percent Friday morning, after closing 19.4 percent higher Thursday.
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