These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CWEI’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 Clayton Williams could be a solid choice for investors.
Current Quarter Estimates for CWEI
In the past 30 days, 3 estimates have gone higher for Clayton Williams while 1 estimate has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 98 cents a share 30 days ago, to $1.16 today, a move of 18.4%.
Current Year Estimates for CWEI
Meanwhile, Clayton Williams’ current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to just 1 lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $4.45 per share 30 days ago to $4.96 per share today, an increase of 11.5%.
Bottom Line
The stock has also started to move higher lately, adding 28.5% 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 #1 (Strong Buy) stock to profit in the near future.
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