AMETEK, Inc. (AME - Free Report) is a manufacturer and seller of electronic instruments and electromechanical devices 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 AME’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 AMETEK could be a solid choice for investors.
Current Quarter Estimates for AME
In the past 30 days, four estimates have gone higher for AMETEK while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 86 cents a share 30 days ago, to 94 cents today, a move of 9.3%.
Current Year Estimates for AME
Meanwhile, AMETEK’s current year figures are also looking quite promising, with eight estimates 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 $3.91 per share 30 days ago to $3.62 per share today, an increase of 8%.
AMETEK, Inc. Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 11.7% 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 #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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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.
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AMETEK, Inc. (AME - Free Report) is a manufacturer and seller of electronic instruments and electromechanical devices 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 AME’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 AMETEK could be a solid choice for investors.
Current Quarter Estimates for AME
In the past 30 days, four estimates have gone higher for AMETEK while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 86 cents a share 30 days ago, to 94 cents today, a move of 9.3%.
Current Year Estimates for AME
Meanwhile, AMETEK’s current year figures are also looking quite promising, with eight estimates 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 $3.91 per share 30 days ago to $3.62 per share today, an increase of 8%.
AMETEK, Inc. Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 11.7% 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 #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Today's Best Stocks from Zacks
Would you like to see the updated picks from our best market-beating strategies? From 2017 through 2018, while the S&P 500 gained +15.8%, five of our screens returned +38.0%, +61.3%, +61.6%, +68.1%, and +98.3%.
This outperformance has not just been a recent phenomenon. From 2000 – 2018, while the S&P averaged +4.8% per year, our top strategies averaged up to +56.2% per year.
See their latest picks free >>
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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