Sociedad Quimica y Minera (SQM - Free Report) , which produces fertilizer and iodine and manufactures industrial chemicals and iodine derivative products, 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 SQM’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 Sociedad Quimica could be a solid choice for investors.
Current Quarter Estimates for SQM
In the past 30 days, Sociedad Quimica’s trend has been pretty favorable, with estimates increasing from 34 cents a share 30 days ago, to 37 cents today, a move of 8.8%.
Current Year Estimates for SQM
Meanwhile, Sociedad Quimica’s 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 $1.44 per share 30 days ago to $1.54 per share today, an increase of 6.9%.
The stock has also started to move higher lately, adding 25.5% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may 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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