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How Codexis (CDXS) Stock Stands Out in a Strong Industry
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One stock that might be an intriguing choice for investors right now is Codexis, Inc. (CDXS - Free Report) . This is because this security in the Industrial Services 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 Industrial Services space as it currently has a Zacks Industry Rank of 58 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Codexis 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 narrowed from a loss of 15 cents/share to a loss of 14 cents/share, while current year estimates have narrowed from a loss of 23 cents/share to a loss of 21 cents/share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal.
So, if you are looking for a decent pick in a strong industry, consider Codexis. 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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How Codexis (CDXS) Stock Stands Out in a Strong Industry
One stock that might be an intriguing choice for investors right now is Codexis, Inc. (CDXS - Free Report) . This is because this security in the Industrial Services 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 Industrial Services space as it currently has a Zacks Industry Rank of 58 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Codexis 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 narrowed from a loss of 15 cents/share to a loss of 14 cents/share, while current year estimates have narrowed from a loss of 23 cents/share to a loss of 21 cents/share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal.
CODEXIS INC Price and Consensus
CODEXIS INC Price and Consensus | CODEXIS INC Quote
So, if you are looking for a decent pick in a strong industry, consider Codexis. 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 >>