SEACOR Holdings Inc. CKH is a diversified holding company engaging in logistics and transportation and risk management consultancy 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 CKH’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 SEACOR could be a solid choice for investors.
Current Quarter Estimates for CKH
In the past 30 days, one estimate has gone higher for SEACOR while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from a loss of 6 cents a share 30 days ago, to earnings of 26 cents today, a significant move.
Current Year Estimates for CKH
Meanwhile, SEACOR’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 80 cents per share 30 days ago to $1.48 per share today, an increase of 85%.
SEACOR Holdings, Inc. Price and Consensus
SEACOR Holdings, Inc. Price and Consensus | SEACOR Holdings, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 9.7% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
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