Tenaris S.A. (TS - Free Report) , which produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, 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 TS’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 Tenaris could be a solid choice for investors.
Current Quarter Estimates for TS
In the past 30 days, one estimate has gone higher for Tenaris while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 18 cents a share 30 days ago, to 28 cents today, a move of 55.6%.
Current Year Estimates for TS
Meanwhile, Tenaris current year figures are also looking quite promising, with three estimates 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 87 cents per share 30 days ago to $1.10 per share today, an increase of 26.4%.
Tenaris S.A. Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 8.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may 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.
(We are reissuing this article to correct a mistake. The original article, issued on March 19, 2018, should no longer be relied upon.)
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
Tenaris S.A. (TS - Free Report) , which produces and sells seamless and welded steel tubular products and related services for the oil and gas industry, 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 TS’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 Tenaris could be a solid choice for investors.
Current Quarter Estimates for TS
In the past 30 days, one estimate has gone higher for Tenaris while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 18 cents a share 30 days ago, to 28 cents today, a move of 55.6%.
Current Year Estimates for TS
Meanwhile, Tenaris current year figures are also looking quite promising, with three estimates 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 87 cents per share 30 days ago to $1.10 per share today, an increase of 26.4%.
Tenaris S.A. Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 8.9% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may 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.
(We are reissuing this article to correct a mistake. The original article, issued on March 19, 2018, should no longer be relied upon.)
Zacks Names "Single Best Pick to Double"
From thousands of stocks, 5 Zacks experts each have chosen their favorite to skyrocket +100% or more in months to come. From those 5, Director of Research Sheraz Mian hand-picks one to have the most explosive upside of all.
It’s a little-known chemical company that’s up 65% over last year, yet still dirt cheap. With unrelenting demand, soaring 2022 earnings estimates, and $1.5 billion for repurchasing shares, retail investors could jump in at any time.
This company could rival or surpass other recent Zacks’ Stocks Set to Double like Boston Beer Company which shot up +143.0% in little more than 9 months and NVIDIA which boomed +175.9% in one year.
Free: See Our Top Stock and 4 Runners Up >>
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