Mazda Motor Corporation (MZDAY - Free Report) is a passenger cars and commercial vehicles manufacturer and seller 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 MZDAY’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 Mazda Motor could be a solid choice for investors.
Current Quarter Estimates for ARIS
In the past 30 days, one estimate has gone higher for Mazda Motorwhile none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 13 cents a share 30 days ago, to 14 cents today, a move of 7.7%.
Current Year Estimates for ARIS
Meanwhile, Mazda Motor’scurrent 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 78 cents per share 30 days ago to 92 cents per share today, an increase of 17.9%.
Mazda Motor Corporation Price and Consensus
The stock has also started to move higher lately, adding 31.5% 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.
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