KLX Inc. is a distributor and service provider of aerospace fasteners and consumables 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 KLXI’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 KLX Inc. could be a solid choice for investors.
Current Quarter Estimates for KLXI
In the past 30 days, one estimate have gone higher for KLX Inc. while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing 90 cents a share 30 days ago, to 97 cents today, a move of 7.8%.
Current Year Estimates for KLXI
Meanwhile, KLX Inc.’s current year figures are also looking quite promising, with three estimates 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 $3.94 a share 30 days ago, to $4.25 today, an increase of 7.9%.
KLX Inc. Price and Consensus
Bottom Line
The stock has also started to move higher lately, adding 5.1% 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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Surging Earnings Estimates Signal Good News for KLX (KLXI)
KLX Inc. is a distributor and service provider of aerospace fasteners and consumables 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 KLXI’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 KLX Inc. could be a solid choice for investors.
Current Quarter Estimates for KLXI
In the past 30 days, one estimate have gone higher for KLX Inc. while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing 90 cents a share 30 days ago, to 97 cents today, a move of 7.8%.
Current Year Estimates for KLXI
Meanwhile, KLX Inc.’s current year figures are also looking quite promising, with three estimates 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 $3.94 a share 30 days ago, to $4.25 today, an increase of 7.9%.
KLX Inc. Price and Consensus
KLX Inc. Price and Consensus | KLX Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 5.1% 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.
Can Hackers Put Money INTO Your Portfolio?
Earlier this month, credit bureau Equifax announced a massive data breach affecting 2 out of every 3 Americans. The cybersecurity industry is expanding quickly in response to this and similar events. But some stocks are better investments than others.
Zacks has just released Cybersecurity! An Investor’s Guide to help Zacks.com readers make the most of the $170 billion per year investment opportunity created by hackers and other threats. It reveals 4 stocks worth looking into right away.
Download the new report now>>