Consumer Staples Stocks with Strong Growth Prospects: Ollie’s Bargain Outlet Holdings Inc (OLLI)
Based in Harrisburg, PA, Ollie’s Bargain Outlet Holdings Inc (NASDAQ:OLLI) has delivered an average positive earnings surprise of 16.80% in all the trailing four quarters. Further, estimates of this merchandise retailer are rising since the past 60 days and are expected to witness earnings growth of 17.9% in fiscal 2017 and 14.9% in fiscal 2018.
Further, the stock has rallied 39.4% on a year-to-date basis, outperforming the Zacks categorized Consumer Products-Miscellaneous Staples industry, which showcased growth of 11.7%.
With a Growth Score of ‘A,’ beta of 0.13, long-term earnings growth rate of 17.14% and an attractive Zacks Rank #1, this stock is a hot pick for investors.