Lifeway Foods Inc. LWAY is a Food-Dairy Products provider 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 LWAY’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 Lifeway Foods could be a solid choice for investors.
Current Quarter Estimates for LWAY
In the past 30 days the trend has been pretty favorable for Lifeway Foods, with estimates increasing from 3 cents a share 30 days ago, to 4 cents today, a move of 33.3%.
Current Year Estimates for LWAY
Meanwhile, Lifeway Foods’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 10 cents per share 30 days ago to 15 cents per share today, an increase of 50.0%.
Bottom Line
The stock has also started to move higher lately, adding 9.6% 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 #3 (Hold) stock to profit in the near future.
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