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Bull of the Day: Brooks Automation (BRKS)

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Today’s Bull of the Day is in the manufacturing machinery industry. This company has been benefiting from a booming domestic economy and should stand to profit handsomely for the foreseeable future. As long as the economy can stay strong, it should continue to see EPS estimates coming in stronger and stronger. I’m talking about Brooks Automation (BRKS - Free Report) .

Brooks Automation provides automation and cryogenic solutions for various applications and markets. It operates in two segments, Brooks Semiconductor Solutions Group and Brooks Life Science Systems. The Brooks Semiconductor Solutions Group segment offers critical automated transport, vacuum, and contamination controls solutions and services. The Brooks Life Science Systems segment provides automated cold storage systems; consumables, including various formats of racks, tubes, caps, plates, and foils; and instruments used for labeling, bar coding, capping, decapping, auditing, sealing, peeling, and piercing tubes and plates.

Brooks Automation is a Zacks Rank #1 (Strong Buy) is an industry that ranks in the Top 6% of our Zacks Industry Rank. The reason for the favorable Zacks Rank is the recent string of bullish earnings estimates coming from analysts. Over the last sixty days, four analysts have increased their earnings estimates for the current year, while three have done so for the current quarter. This has pushed up our Zacks Consensus Estimate for the current quarter from 40 cents to 51 cents while our current year number has jumped from $1.43 to $1.82.

If you think the stock has come too far, too fast, you should take a look at the Price, Consensus and EPS Surprise chart. While the stock has moved fiercely from $25 to $32, the 2018 Zacks Consensus Estimate has also jumped considerably. That bullish support from the underlying earnings trend tells me this move is sustainable of the long-term.

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