Zacks
0
All posts from Zacks
Zacks in Our Research. Your Success.,

Can TimkenSteel (TMST) Run Higher on Strong Earnings Estimate Revisions?

TimkenSteel Corporation TMST is a steel producing companythat 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 TMST’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 TimkenSteelcould be a solid choice for investors.

Current Quarter Estimates for TMST

In the past 30 days, 2 estimates has gone higher for TimkenSteelwhile none has gone lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 48 cents 30 days ago, to a loss of 37 cents today, a move of 22.9%.

Current Year Estimates for TMST

Meanwhile, TimkenSteelcurrent year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, with estimates narrowing from a loss of $1.56 30 days ago, to a loss of $1.31 today, a move of 16%.

Bottom Line

The stock has also started to move higher lately, adding 39.7% 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.

Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
TIMKENSTEEL CP (TMST): Free Stock Analysis Report
 
To read this article on Zacks.com click here.