Schnitzer Steel Industries, Inc. is a steel products manufacturing company 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 SCHN’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 Schnitzer Steel Industries could be a solid choice for investors.
Current Quarter Estimates for SCHN
In the past 30 days, one estimate has gone higher for Schnitzer Steel while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 42 cents a share 30 days ago, to 56 cents per share today, a move of 33.3%.
Current Year Estimates for SCHN
Meanwhile, Schnitzer Steel’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.08 per share 30 days ago to $1.20 per share today, an increase of 11.%.
Schnitzer Steel Industries, Inc. Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 12.5% 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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Earnings Estimates Moving Higher for Schnitzer Steel Industries (SCHN): Time to Buy?
Schnitzer Steel Industries, Inc. is a steel products manufacturing company 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 SCHN’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 Schnitzer Steel Industries could be a solid choice for investors.
Current Quarter Estimates for SCHN
In the past 30 days, one estimate has gone higher for Schnitzer Steel while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 42 cents a share 30 days ago, to 56 cents per share today, a move of 33.3%.
Current Year Estimates for SCHN
Meanwhile, Schnitzer Steel’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $1.08 per share 30 days ago to $1.20 per share today, an increase of 11.%.
Schnitzer Steel Industries, Inc. Price and Consensus
Schnitzer Steel Industries, Inc. Price and Consensus | Schnitzer Steel Industries, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 12.5% 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.
Sell These Stocks. Now.
Just released, today's 220 Zacks Rank #5 Strong Sells demand urgent attention. If any are lurking in your portfolio or Watch List, they should be removed immediately. These sinister companies because many appear to be sound investments. However, from 1988 through 2016, stocks from our Strong Sell list have actually performed 6X worse than the S&P 500.
See today's Zacks ""Strong Sells"" absolutely free >>.