The Marcus Corporation (MCS - Free Report) is a lodging and entertainment services provider 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 MCS’ 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 Marcus could be a solid choice for investors.
Current Quarter Estimates for MCS
In the past 30 days, 2 estimates have gone higher for Marcus while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 20 cents a share 30 days ago, to 29 today, a move of 45.0%.
Current Year Estimates for MCS
Meanwhile, Marcus’ current year figures are also looking quite promising, with 2 estimates moving higher in the past month, while none have gone lower in the same time period. The consensus estimate trend has also seen a boost for this time frame, increasing/narrowing from $1.15 per share 30 days ago to $1.33 per share today, an increase of 15.6%.
The stock has also started to move higher lately, adding 7.1% 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 #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks' Top Investment Ideas for Long-Term Profit
How would you like to see our best recommendations to help you find today’s most promising long-term stocks? Starting now, you can look inside our portfolios featuring stocks under $10, income stocks, value investments and more. These picks, which have double and triple-digit profit potential, are rarely available to the public. But you can see them now. Click here >>