One company that should be on your radar is Flextronics International Ltd. (FLEX). The stock which is a global designer and manufacturing services provider to original equipment manufacturers (OEMs) has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For FLEX’s full year estimate, we have seen 3 estimates go higher in the past 30 days with no downward revision over the same time frame. Nonetheless, the trend has helped the consensus estimate to trend higher, increasing from 74 cents per share a month ago to its current level of 77 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, TW has seen some pretty solid trading lately, as the company has moved higher by 18.3% in the past month.
If Flextronics can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put FLEX on your watch list for the future.
Other top-ranked stocks worth considering in Computer & Technology space include Sanmina Corporation (SANM), Ultra Clean Holdings Inc. (UCTT) and CTS Corporation (CTS). All these stocks also carry a carry a Zacks Rank #1 (Strong Buy).
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