A-Mark Precious Metals, Inc. (AMRK - Free Report) is a precious metal service 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 AMRK’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 A-Mark Precious Metals could be a solid choice for investors.
Current Quarter Estimates for AMRK
In the past 30 days, 1 estimate has gone higher for A-Mark Precious Metals while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 18 cents a share 30 days ago, to 33 cents today, a move of 83.3%.
Current Year Estimates for AMRK
Meanwhile, A-Mark Precious Metals’ current year figures are also looking quite promising, with 1 estimate 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 from 89 cents per share 30 days ago to $1.34 per share today, an increase of 50.6%.
The stock has also started to move higher lately, adding 6.1%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 #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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