Yeti's Stock Sitting Out Under Blue Skies: A Technical Look Heading Into Earnings
Yeti Holdings Inc (NYSE:YETI) is set to report its first-quarter 2021 earnings before the opening bell on Thursday. When the high-end outdoor products manufacturer printed its fourth-quarter 2020 earnings on Feb. 11, its stock gapped down almost 10% despite the company beating expectations. Yeti reported sales of $375.8 million, a 26% increase from the same period the year prior. The company’s adjusted earnings per share increased 70% year-over-year and came in at 74 cents. Yeti’s stock had run up 22% in the eight days prior to its fourth-quarter earnings release and when a stock runs int...
Source: benzinga.com