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Can Arotech (ARTX) Run Higher on Strong Earnings Estimate Revisions?

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Arotech Corporation , a defense and security products and services company, 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 ARTX’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 Arotech could be a solid choice for investors.

Current Quarter Estimates for ARTX

In the past 30 days, 1 estimate have gone higher for Arotech while no estimates have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 2 cents a share 30 days ago, to a gain of 2 cents today.

Current Year Estimates for ARTX

Meanwhile, Arotech’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no lower estimates. The consensus estimate trend has also seen a boost for this time frame, narrowing from a loss of 9 cents per share 30 days ago to a loss of 1 cent per share today, a significant move.

AROTECH CORP Price and Consensus

 

AROTECH CORP Price and Consensus | AROTECH CORP Quote

Bottom Line

The stock has also started to move higher lately, adding 47.2% 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. You can see the complete list of today’s Zacks #1 Rank stocks here.

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