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Tale of the Tape

One company that should be on your radar is Olympic Steel Inc. (ZEUS - Snapshot Report). The stock of this steel production company that specializes in the processing and distribution of metal products primarily in the United States, Puerto Rico, and Mexico, has seen its Zacks Rank surge over the past four weeks, moving from Strong Sell territory to its current position as a Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For ZEUS’ full year estimate, we have seen 1 estimate 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 92 cents per share a month ago to its current level of 93 cents.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, ZEUS has seen some pretty solid trading lately, as the company has moved higher by 12.5% in the past month.

If Olympic Steel 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 ZEUS on your watch list for the future.

Other top-ranked stocks worth considering in this space include ArcelorMittal (MT - Analyst Report), Companhia Siderurgica Nacional (SID - Analyst Report) and AK Steel Holding Corporation (AKS - Analyst Report). ArcelorMittal and  Companhia Siderurgica  carry a Zacks Rank #1 (Strong Buy), while CBIZ carries a Zacks Rank #2 (Buy).

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