These positive earnings estimate revisions suggest that analysts are becoming more optimistic on CST’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 CST Brands could be a solid choice for investors.
Current Quarter Estimates for CST
In the past 30 days, 3 estimates have gone higher for CST Brands while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 45 cents a share 30 days ago, to 69 cents today, a move of 53.3%.
Current Year Estimates for CST
Meanwhile, CST Brands’ current year figures are also looking quite promising, with 4 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, increasing from $1.63 per share 30 days ago to $2.13 per share today, an increase of 30.7%.
Bottom Line
The stock has also started to move higher lately, adding 18.2% 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.
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 >>
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