Cooper-Standard Holdings Inc. (CPS) is a global supplier of systems and components for the automotive industry 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 CPS’ 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 Cooper-Standard could be a solid choice for investors.
Current Quarter Estimates for CPS
In the past 30 days, 1 estimate has gone higher for Cooper-Standard while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from $1.50 a share 30 days ago, to $1.74 a share today, a move of 16%.
Current Year Estimates for CPS
Meanwhile, Cooper-Standard’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to 0 lower. The consensus estimate trend has also seen a boost for this time frame, increasing/narrowing from $5.30 per share 30 days ago to $6.37 per share today, an increase of 20.2%.
Bottom Line
The stock has also started to move higher lately, adding 6.2% 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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