These positive earnings estimate revisions suggest that analysts are becoming more optimistic on HW’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 Headwaters could be a solid choice for investors.
Current Quarter Estimates for HW
In the past 30 days, 1 estimate has gone higher for Headwaters while none moved lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 12 cents a share 30 days ago, to a loss of 10 cents today, a move of 20.0%.
Current Year Estimates for HW
Meanwhile, Headwaters’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month. The consensus estimate trend has also seen a boost for this time frame, increasing from 34 cents per share 30 days ago to 37 cents per share today, an increase of 8.8%.
Bottom Line
The stock has also started to move higher lately, adding 22.8% 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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