Kronos Worldwide, Inc. (KRO - Free Report) is a diversified chemicals company 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 KRO’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 Kronos Worldwide could be a solid choice for investors.
Current Quarter Estimates for KRO
In the past 30 days, 1 estimate has gone higher for Kronos Worldwide with no downward revisions in the same time period. The trend has been pretty favorable too, with estimates increasing from 6 cents a share 30 days ago, to 9 cents today, a move of 50%.
Current Year Estimates for KRO
Meanwhile, Kronos Worldwide’s current year figures are also looking quite promising, with 1 estimate moving higher in the past month, compared to no downward revisions. The consensus estimate trend has also seen a boost for this time frame, increasing from 3 cents per share 30 days ago to 7 cents per share today, making a significant increase.
The stock has also started to move higher lately, adding 16.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
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