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Why Commercial Vehicle Group (CVGI) Could Be Positioned for a Surge?
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Commercial Vehicle Group Inc. (CVGI - Free Report) is an Auto/Truck Original Equipment producer 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 CVGI’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 Commercial Vehicle Group could be a solid choice for investors.
Current Quarter Estimates for CVGI
In the past 30 days, 1 estimate have gone higher for Commercial Vehicle Group while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from penny a share 30 days ago, to 3 cents today, a significant move%.
Current Year Estimates for CVGI
Meanwhile, Commercial Vehicle Group’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 15 cents per share 30 days ago to 21 cents per share today, an increase of 40%.
The stock has also started to move higher lately, adding 28% 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 #1 (Strong Buy) stock to profit in the near future.
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Why Commercial Vehicle Group (CVGI) Could Be Positioned for a Surge?
Commercial Vehicle Group Inc. (CVGI - Free Report) is an Auto/Truck Original Equipment producer 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 CVGI’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 Commercial Vehicle Group could be a solid choice for investors.
Current Quarter Estimates for CVGI
In the past 30 days, 1 estimate have gone higher for Commercial Vehicle Group while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from penny a share 30 days ago, to 3 cents today, a significant move%.
Current Year Estimates for CVGI
Meanwhile, Commercial Vehicle Group’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 15 cents per share 30 days ago to 21 cents per share today, an increase of 40%.
COMML VEHICLE Price and Consensus
COMML VEHICLE Price and Consensus | COMML VEHICLE Quote
Bottom Line
The stock has also started to move higher lately, adding 28% 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 #1 (Strong Buy) stock to profit in the near future.
Confidential from Zacks
Beyond this Tale of the Tape, would you like to see Zacks' best recommendations that are not available to the public? Our Executive VP, Steve Reitmeister, knows when key trades are about to be triggered and which of our experts has the hottest hand. Click to see them now>>