One company that should be on your radar is News Corporation (NWSA). The stock of this New York based media and information services provider has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For NWSA’s full year estimate, we have seen 4 estimates go higher in the past 30 days, compared to just 1 lower. This trend has helped the consensus estimate to trend higher, going from 38 cents a share a month ago to its current level at 42 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, NWSA has seen some pretty solid trading lately, as the company has moved higher by 11.16% in the past month.
If News Corporation 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 NWSA on your watch list for the future.
Other top-ranked stocks worth considering in this space include Bally Technologies, Inc. (BYI), Royal Caribbean Cruises Ltd. (RCL) and Zynga, Inc. (ZNGA). All these carry a Zacks Rank #1(Strong Buy).
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