One company that should be on your radar is Smith & Wesson Holding Corporation (SWHC – Snapshot Report). The stock of this Aerospace and defense products and services industry has seen its Zacks Rank surge over the past four weeks, moving from Hold 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 SWHC’s full year estimate, we have seen 4 estimates go higher in the past 30 days while there was no downward revision in the same time period. This trend has helped the consensus estimate to trend higher, increasing from $2.33 a share a month ago to its current level at $2.35.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, SWHC has seen some pretty solid trading lately, as the company has moved higher by 12.8% in the past month.
If Smith & Wesson Holding 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 SWHC on your watch list for the future.