DXP Enterprises, Inc. (DXPE - Free Report) is a leading supplier of maintenance, repair and operating products, equipment and services 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 DXPE’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 DXP Enterprises could be a solid choice for investors.
Current Quarter Estimates for DXPE
In the past 30 days, one estimate has gone higher for DXP Enterprises while no estimate has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 12 cents a share 30 days ago, to 22 cents today, a move of 83.3%.
Current Year Estimates for DXPE
Meanwhile, DXP Enterprises’ current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 40 cents per share 30 days ago to 75 cents per share today, an increase of 87.5%.
The stock has also started to move higher lately, adding 8.99% 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 #2 (Buy) 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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