Williams Companies, Inc. (WMB Quick QuoteWMB - Free Report) is an energy company 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 WMB’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 Williams Companies could be a solid choice for investors.

Current Quarter Estimates for WMB

In the past 30 days, 2 estimates have gone higher for Williams Companies, while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 16 cents a share 30 days ago, to 22 cents per share today, a move of 37.5%.

Current Year Estimates for WMB

Meanwhile, Williams Companies’ current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to 1 lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 59 cents per share 30 days ago to 67 per share today, an increase of 13.6%.

WILLIAMS COS Price and Consensus

WILLIAMS COS Price and Consensus | WILLIAMS COS Quote

Bottom Line

The stock has also started to move higher lately, adding 5.9% 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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>