One stock that might be an intriguing choice for investors right now is Houston Wire & Cable Company (HWCC - Free Report) . This is because this security in the Wire and Cable Products space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Wire and Cable Products space as it currently has a Zacks Industry Rank of 15 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, Houston Wire & Cable is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
Houston Wire & Cable Company Price and EPS Surprise
In fact, over the past month, current quarter estimates have increased from a loss of 2 cents per share, to 4 cents per share while current year estimates have increased from a loss of 5 cents per share to 9 cents per share. The company currently carries a Zacks Rank 1 (Strong Buy), which is also a favorable signal. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
So, if you are looking for a decent pick in a strong industry, consider Houston Wire & Cable. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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