Marine Products Corp. (MPX), a producer of recreational fiberglass powerboats, is a company that could be an interesting play for investors. That is because, not only does the stock have decent short-term momentum, but it is seeing solid activity on the earnings estimate revision front as well.
These positive earnings estimate revisions suggest that analysts are becoming more optimistic on MPX’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames over the past four weeks, suggesting that Marine Products could be a solid choice for investors.
Current Quarter Estimates for MPX
In the past 30 days, 1 estimate has moved higher for Marine Products with no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 5 cents a share 30 days ago, to 8 cents a share today, a move of 60.0%.
Current Year Estimates for MPX
Meanwhile, Marine Products’ current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, from 23 cents per share 30 days ago to 29 cents per share today, an increase of 26.1%.
Bottom Line
The stock has also started to move higher lately, adding 5.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #2 (Buy) stock to profit in the near future.
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