Sharps Compliance Corp. (SMED) is a waste management firm 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 SMED’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 Sharps Compliance could be a solid choice for investors.
Current Quarter Estimates for SMED
In the past 30 days, estimates have increased from 1 cent a share, to 2 cents today, a move of 100%.
Current Year Estimates for SMED
Meanwhile, Sharps Compliance’s current year figures are also looking quite promising. The consensus estimate trend has also seen a boost for this time frame, increasing from the break even point 30 days ago to 1 cent per share today.
Bottom Line
The stock has also started to move higher lately, adding 17.9% 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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