Layne Christensen Company is a global water management, infrastructure services and drilling company 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 LAYN’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 Layne Christensen could be a solid choice for investors.
Current Quarter Estimates for LAYN
In the past 30 days, one estimate have gone higher for Layne Christensen while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 10 cents a share 30 days ago, to 4 cents today, a move of 60%.
Current Year Estimates for LAYN
Meanwhile, Layne Christensen’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, narrowing from a loss of 53 cents per share 30 days ago to 36 cents per share today, a move of 32.1%.
Layne Christensen Company Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 26% 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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Surging Earnings Estimates Signal Good News for Layne Christensen (LAYN)
Layne Christensen Company is a global water management, infrastructure services and drilling company 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 LAYN’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 Layne Christensen could be a solid choice for investors.
Current Quarter Estimates for LAYN
In the past 30 days, one estimate have gone higher for Layne Christensen while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 10 cents a share 30 days ago, to 4 cents today, a move of 60%.
Current Year Estimates for LAYN
Meanwhile, Layne Christensen’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, narrowing from a loss of 53 cents per share 30 days ago to 36 cents per share today, a move of 32.1%.
Layne Christensen Company Price and Consensus
Layne Christensen Company Price and Consensus | Layne Christensen Company Quote
Bottom Line
The stock has also started to move higher lately, adding 26% 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.
New Report: An Investor’s Guide to Cybersecurity
Cyberattacks have become more frequent and destructive than ever. In fact, they’re expected to cause $6 trillion per year in damage by 2020.
The cybersecurity industry is expanding quickly in response to these threats. In fact, a projected $170 billion per year will be spent to protect consumer and corporate assets. Zacks has just released Cybersecurity: An Investor’s Guide to Locking Down Profits which reveals 4 promising investment candidates.
Download the new report now>>