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Tale of the Tape

Zacks Equity Research

Why Gruma S.A.B. (GMK) Has A Bright Short-Term Future?

CAG MDLZ

Trades from $3
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One company that should be on your radar is Gruma S.A.B. de CV . The stock of the food product space has seen its Zacks Rank surge over the past four weeks, moving from Hold 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 GMK’s full year estimate, we have seen 1 estimate goes higher in the past 30 days, compared to no estimate moving lower. This trend has helped the consensus estimate to trend higher, going from $1.35 per share a month ago to its current level at $1.38 per share.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, GMK has seen some pretty solid trading lately, as the company has moved higher by 10.7% in the past month.

If Gruma 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 GMK on your watch list for the future.

Other top-ranked stocks worth considering in this space include ConAgra Foods, Inc. (CAG - Free Report) , Kraft Foods Group, Inc. , Mondelez International, Inc. (MDLZ - Free Report) , each with a Zacks Rank #2 (Buy).

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