Smith & Wesson Holding Corporation SWHC is a manufacturer and seller of firearm products 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 SWHC’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 Smith & Wesson Holding could be a solid choice for investors.
Current Quarter Estimates for SWHC
In the past 7 days, 2 estimates have gone higher for Smith & Wesson Holding while no estimate has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 22 cents a share 7 days ago, to 29 cents today, a move of 31.8%.
Current Year Estimates for SWHC
Meanwhile, Smith & Wesson Holding’s current year figures are also looking quite promising, with 2 estimates moving higher in the past week, compared to no estimate revised lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.16 per share 7 days ago to $1.32 per share today, an increase of 13.8%.
Bottom Line
The stock has also started to move higher lately, adding 33.2% 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 #1 (Strong 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