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Is More Good News Ahead for Recent Winner Kerry Group (KRYAY)?
March 21, 2014
One company that should be on your radar is Kerry Group plc . The stock of this producer of technology based ingredients and flavors has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For KRYAY’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no estimates going down. This trend has helped the consensus estimate to trend higher, going from $3.40 a share a month ago to its current level at $3.50.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, KRYAY has seen some pretty solid trading lately, as the company has moved higher by 12.41% in the past month.
If Kerry Group 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 KRYAY on your watch list for the future.
Other top-ranked stocks worth considering in this space include Tyson Foods Inc ( TSN - Analyst Report) , Unilever Plc ( UL - Analyst Report) and Diamond Foods Inc . Tyson Foods carries a Zacks Rank #1 (Strong Buy) while both Unilever and Diamond Foods carry a Zacks Rank #2 (Buy).
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