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Increased Earnings Estimates Seen for Kronos Worldwide (KRO): Can It Move Higher?

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Kronos Worldwide, Inc. (KRO - Free Report) is a global titanium dioxide pigments 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 KRO’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 Kronos Worldwide could be a solid choice for investors.

Current Quarter Estimates for KRO

In the past 30 days, 1 estimate has gone higher for Kronos Worldwide while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 6 cents a share 30 days ago, to 10 cents per share today, a move of 66.6%.

Current Year Estimates for KRO

Meanwhile, Kronos Worldwide’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, while none have gone lower in the same time frame. The consensus estimate trend has also seen a boost for this time frame, increasing from 13 cents per share 30 days ago to 24 cents per share today, an increase of 84.6%.

KRONOS WORLDWD Price and Consensus

KRONOS WORLDWD Price and Consensus | KRONOS WORLDWD Quote

Bottom Line 

The stock has also started to move higher lately, adding 25.8%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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