One company that should be on your radar is China Eastern Airlines Corp. Ltd. (CEA). The stock of this civil aviation operator has seen its Zacks Rank surge over the past four weeks, moving from neutral territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For CEA’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from 98 cents a share a month ago to its current level at $1.64.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, CEA has seen some pretty solid trading lately, as the company has moved higher by 12.2% in the past month.
If China Eastern Airlines can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put CEA on your watch list for the future.
Other top ranked stocks worth considering in this space include JetBlue Airways Corporation (JBLU), Delta Air Lines Inc. (DAL), and Alaska Air Group, Inc. (ALK). All these carry a Zacks Rank #2 (Buy).
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