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

Earnings Estimates Moving Higher for Wabash National (WNC): Time to Buy?

Wabash National Corp. WNCis an Auto/Truck Original Equipment 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 WNC’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 Wabash National could be a solid choice for investors.

Current Quarter Estimates for WNC

In the past 30 days, 6 estimates has gone higher for Wabash National while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates rising from 38 cents per share 30 days ago, to 45 cents today, a move of 18.4%.

Current Year Estimates for WNC

Meanwhile, Wabash National current year figures are also looking quite promising, with 6 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 rising from $1.54 per share 30 days ago, to $1.72 today, a move of 11.7%.

Bottom Line

The stock has also started to move higher lately, adding 11.9% 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 #1 (Strong Buy) 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
 
WABASH NATIONAL (WNC): Free Stock Analysis Report
 
To read this article on Zacks.com click here.