Many investors like to look for momentum in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for momentum investors in the near term.
This method discovered several great candidates for momentum-oriented investors, but today let’s focus in on Golar LNG Partners Limited Partnership as this stock is looking especially impressive right now. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for GMLP’s status as a solid momentum stock below:
Fiscal Year EPS Estimate Change for GMLP
In addition to price performance, it is also important to take a look at earnings estimate changes for the full year. This can show if GMLP is poised to make a run based on fundamentals, or if the company is simply moving on speculation
Over the past month, the full year earnings estimate for GMLP has risen by 2.7%. On its own this is impressive, but consider that it also beats the industry average of 0% too. The trend is undeniably in GolarLNG Partners’s favor right now, and it suggests that the momentum might be long lasting for this stock.
Quarter EPS Estimate Change for Golar LNG Partners
While looking at price performance or full year earnings can be essential to understanding a momentum stock, you shouldn’t forget about the current quarter EPS and the trend in estimates there. This change can signal how a stock might perform in the next earnings season which is obviously vital for momentum investors.
Right now, GMLP is seeing a nice trend over the past month when it comes to this quarter’s earnings estimate projections. In the time frame, EPS estimates for Golar LNG Partners have gone up by 8.1% compared to a flat industry average move, suggesting that not only is GMLP heading in the right direction, but it is seeing an increase relative to the industry too.
GMLP Earnings Estimate Revisions Moving in the Right Direction
While the great momentum factors outlined in the preceding paragraphs might be enough for some investors, we should also take into account broad earnings estimate revision trends. A nice path here can really help to show us a promising stock, and we have actually been seeing that with GMLP as of late too.
Over the past two months, 1 earnings estimates has gone higher compared to 1 lower for the full year, while we are also seeing that 4 estimates have move upwards with no downward revision for the next year time frame too. These revisions have helped to boost the consensus estimate as two months ago GMLP was expected to post earnings of $2.49/share for the full year, though today it looks to have EPS of $2.50 for the full year now, representing a solid increase which is something that should definitely be welcomed news to would-be investors.
Bottom Line
Given these factors, investors shouldn’t be surprised to note that we have GMLP as a security with a Zacks Rank #2 (Buy) and a Momentum Score of ‘A’. So if you are looking for a fresh pick that has potential to move in the right direction, definitely keep GMLP on your short list as this looks be a stock that is very well-positioned to soar in the near term.
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3 Reasons Why Golar LNG Partners (GMLP) is a Great Momentum Stock
Many investors like to look for momentum in stocks, but this can be very tough to define. There is great debate regarding which metrics are the best to focus on in this regard, and which are not really quality indicators of future performance. Fortunately, with our new style score system we have identified the key statistics to pay close attention to and thus which stocks might be the best for momentum investors in the near term.
This method discovered several great candidates for momentum-oriented investors, but today let’s focus in on Golar LNG Partners Limited Partnership as this stock is looking especially impressive right now. And while there are numerous ways in which this company could be a great choice, we have highlighted three of the most vital reasons for GMLP’s status as a solid momentum stock below:
Fiscal Year EPS Estimate Change for GMLP
In addition to price performance, it is also important to take a look at earnings estimate changes for the full year. This can show if GMLP is poised to make a run based on fundamentals, or if the company is simply moving on speculation
Over the past month, the full year earnings estimate for GMLP has risen by 2.7%. On its own this is impressive, but consider that it also beats the industry average of 0% too. The trend is undeniably in GolarLNG Partners’s favor right now, and it suggests that the momentum might be long lasting for this stock.
Quarter EPS Estimate Change for Golar LNG Partners
While looking at price performance or full year earnings can be essential to understanding a momentum stock, you shouldn’t forget about the current quarter EPS and the trend in estimates there. This change can signal how a stock might perform in the next earnings season which is obviously vital for momentum investors.
Right now, GMLP is seeing a nice trend over the past month when it comes to this quarter’s earnings estimate projections. In the time frame, EPS estimates for Golar LNG Partners have gone up by 8.1% compared to a flat industry average move, suggesting that not only is GMLP heading in the right direction, but it is seeing an increase relative to the industry too.
GMLP Earnings Estimate Revisions Moving in the Right Direction
While the great momentum factors outlined in the preceding paragraphs might be enough for some investors, we should also take into account broad earnings estimate revision trends. A nice path here can really help to show us a promising stock, and we have actually been seeing that with GMLP as of late too.
GOLAR LNG PARTN Price and Consensus
GOLAR LNG PARTN Price and Consensus | GOLAR LNG PARTN Quote
Over the past two months, 1 earnings estimates has gone higher compared to 1 lower for the full year, while we are also seeing that 4 estimates have move upwards with no downward revision for the next year time frame too. These revisions have helped to boost the consensus estimate as two months ago GMLP was expected to post earnings of $2.49/share for the full year, though today it looks to have EPS of $2.50 for the full year now, representing a solid increase which is something that should definitely be welcomed news to would-be investors.
Bottom Line
Given these factors, investors shouldn’t be surprised to note that we have GMLP as a security with a Zacks Rank #2 (Buy) and a Momentum Score of ‘A’. So if you are looking for a fresh pick that has potential to move in the right direction, definitely keep GMLP on your short list as this looks be a stock that is very well-positioned to soar in the near term.
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 >>