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Why You Need to Pay Attention to China Southern Airlines (ZNH) Stock?
December 17, 2013

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One company that should be on your radar is China Southern Airlines Co. Ltd (ZNH - Free Report) . The stock of the Airline major has seen its Zacks Rank surge over the past four weeks, moving from Neutral territory to its current position as a Strong Buy.

A key reason for this move has been the positive trend in the earnings estimate revisions picture. For ZNH’s full year estimate, we have seen one estimate go higher in the past 30 days, with no downward revision.  This trend has helped the consensus estimate to trend higher, going from $1.38 a share a month ago to its current level at $1.48.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, ZNH has seen some pretty solid trading lately, as the company has moved higher by 10.6% in the past month.

If China South Airlines Ltd can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put ZNH on your watch list for the future.

Other top-ranked stocks worth considering in this space include Air China Limited (AIRYY - Free Report) and China Eastern Airlines Corp. Ltd. (CEA - Free Report) each carrying a Zacks Rank #1 (Strong Buy) and  Alaska Air Group, Inc. (ALK - Free Report) that carries a Zacks Rank #2 (Buy).

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