One company that should be on your radar is Vertex Energy, Inc. (VTNR). The stock from Industrial Products sector has seen its Zacks Rank surge over the past four weeks, moving from Hold 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 VTNR’s full year estimate, we have seen 1 estimate go higher in the past 30 days while no downward estimate revision was observed in the same time period. This trend has helped the consensus estimate to trend higher, increasing from an estimate of 30 cents a share a month ago to its current level at 59 cents a share.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, VTNR has seen some pretty solid trading lately, as the company has moved higher by 95.9% in the past month.
If Vertex Energy 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 VTNR on your watch list for the future.
Other top-ranked stocks worth considering in the same space include Kadant Inc. (KAI), NN Inc. (NNBR) and Packaging Corporation of America (PKG). All these stocks sport a Zacks Rank #1 (Strong Buy).
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>
Be the first to comment