A key reason for this move has been the positive trend in the earnings estimate revisions picture. For HOLI’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from $1.16 a share a month ago to its current level at $1.27.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, HOLI has seen some pretty solid trading lately, as the company has moved higher by 16.8% in the past month.
If HollySys 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 HOLI on your watch list for the future.
Other top-ranked stocks worth considering in this space include Ball Corporation (BLL), Kadant Inc. (KAI), and Lincoln Electric Holdings Inc. (LECO). While Ball and Kadant carry a Zacks Rank #1 (Strong Buy), Lincoln Electric holds a Zacks rank #2 (Buy).
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