One stock that might be an intriguing choice for investors right now is Kayne Anderson Energy Development Company . This is because this security in the Finance – Investment Fund space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Finance – Investment Fund space as it currently has a Zacks Industry Rank of 30 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Kayne Anderson Energy is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
In fact, over the past month, current quarter estimates have risen significantly from a loss of 17 cents/share to earnings of $3.58/share, while current year estimates have risen from a loss of $6.52/share to earnings of 17 cents/share. This has helped KED to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position.
So, if you are looking for a decent pick in a strong industry, consider Kayne Anderson Energy. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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Is Kayne Anderson Energy (KED) Stock a Solid Choice Right Now?
One stock that might be an intriguing choice for investors right now is Kayne Anderson Energy Development Company . This is because this security in the Finance – Investment Fund space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Finance – Investment Fund space as it currently has a Zacks Industry Rank of 30 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Kayne Anderson Energy is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
KAYNE ANDSN EGY Price and Consensus
KAYNE ANDSN EGY Price and Consensus | KAYNE ANDSN EGY Quote
In fact, over the past month, current quarter estimates have risen significantly from a loss of 17 cents/share to earnings of $3.58/share, while current year estimates have risen from a loss of $6.52/share to earnings of 17 cents/share. This has helped KED to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position.
So, if you are looking for a decent pick in a strong industry, consider Kayne Anderson Energy. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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 >>