In the latest trading session, Urban Outfitters (URBN) closed at $33.22, marking a -1.16% move from the previous day. This change was narrower than the S&P 500's daily loss of 1.91%. At the same time, the Dow lost 2.02%, and the tech-heavy Nasdaq lost 2.26%.

Prior to today's trading, shares of the clothing and accessories retailer had lost 11.51% over the past month. This has lagged the Retail-Wholesale sector's loss of 2.54% and the S&P 500's loss of 2.51% in that time.

Wall Street will be looking for positivity from URBN as it approaches its next earnings report date. This is expected to be March 5, 2019. In that report, analysts expect URBN to post earnings of $0.81 per share. This would mark year-over-year growth of 17.39%. Meanwhile, our latest consensus estimate is calling for revenue of $1.15 billion, up 5.74% from the prior-year quarter.

URBN's full-year Zacks Consensus Estimates are calling for earnings of $2.73 per share and revenue of $3.97 billion. These results would represent year-over-year changes of +63.47% and +9.89%, respectively.

Investors should also note any recent changes to analyst estimates for URBN. These revisions help to show the ever-changing nature of near-term business trends. As a result, we can interpret positive estimate revisions as a good sign for the company's business outlook.

Our research shows that these estimate changes are directly correlated with near-term stock prices. Investors can capitalize on this by using the Zacks Rank. This model considers these estimate changes and provides a simple, actionable rating system.

The Zacks Rank system ranges from #1 (Strong Buy) to #5 (Strong Sell). It has a remarkable, outside-audited track record of success, with #1 stocks delivering an average annual return of +25% since 1988. Over the past month, the Zacks Consensus EPS estimate has moved 2.3% higher. URBN is currently sporting a Zacks Rank of #3 (Hold).

Looking at its valuation, URBN is holding a Forward P/E ratio of 12.32. This valuation marks a discount compared to its industry's average Forward P/E of 13.15.

Also, we should mention that URBN has a PEG ratio of 1.1. The PEG ratio is similar to the widely-used P/E ratio, but this metric also takes the company's expected earnings growth rate into account. Retail - Apparel and Shoes stocks are, on average, holding a PEG ratio of 1.35 based on yesterday's closing prices.

The Retail - Apparel and Shoes industry is part of the Retail-Wholesale sector. This industry currently has a Zacks Industry Rank of 46, which puts it in the top 18% of all 250+ industries.

The Zacks Industry Rank gauges the strength of our industry groups by measuring the average Zacks Rank of the individual stocks within the groups. Our research shows that the top 50% rated industries outperform the bottom half by a factor of 2 to 1.

You can find more information on all of these metrics, and much more, on Zacks.com.

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