AAR Corp. (AIR - Free Report) was a big mover last session, as the company saw its shares rise more than 5% on the day. The move came on solid volume too with far more shares changing hands than in a normal session. This breaks the recent trend of the company, as the stock is now trading above the volatile price range of $42.75 to $46.83 in the past one-month time frame.
The upside came after the company's first-quarter fiscal 2019 earnings trumped estimates.
The company has seen two negative estimate revisions in the past month, while its Zacks Consensus Estimate for the current quarter has also moved lower over the same time frame, suggesting there may be trouble down the road. So make sure to keep an eye on this stock going forward, to see if this recent move higher can last.
AAR Corp. currently has a Zacks Rank #3 (Hold) while its Earnings ESP is 0.00%.
AAR Corp. Price
A better-ranked stock in the Aerospace - Defense Equipment industry is AeroVironment, Inc. (AVAV - Free Report) , which currently carries a Zacks Rank #1 (Strong Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.
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