LCI Industries Oversold at RSI 29.7 as Analysts Boost EPS by 7.2%
LCII shares have fallen 16.6% over the past four weeks and its RSI stands at 29.7, signaling oversold conditions. Meanwhile, analysts have raised this year’s EPS forecasts by 7.2% in the last month, and the stock holds a Zacks Rank #2 (Buy).
1. Stock Performance and Technical Indicator
Over the past four weeks, LCII shares declined by 16.6% and its Relative Strength Index (RSI) fell to 29.7, indicating the stock is in oversold territory and may be poised for a technical rebound.
2. Analyst EPS Revisions
Sell-side analysts have increased this year’s earnings per share forecast by 7.2% over the last 30 days, reflecting growing confidence in the company’s ability to exceed prior profit expectations.
3. Zacks Ranking and Outlook
LCII currently holds a Zacks Rank #2 (Buy), placing it within the top 20% of over 4,000 ranked stocks based on positive trends in earnings estimate revisions and EPS surprises.