Can Hydrogenics (HYGS) Run Higher on Strong Earnings Estimate Revisions? - Tale of the Tape
January 07 2014 - 8:37AM
Zacks
Hydrogenics
Corporation (HYGS) is an industrial electrical equipment
manufacturer 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 HYGS’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 Hydrogenics Corporation could be a solid choice for
investors.
Current Quarter Estimates for HYGS
In the past 30 days, no estimates have either gone upward or
downward revision for Hydrogenics Corporation. The trend has been
pretty favorable too, with estimates narrowing from loss of 11
cents per share 30 days ago, to loss of 9 cents per share today, a
move of 18.2%.
Current Year Estimates for HYGS
Meanwhile, Hydrogenics Corporation’s current year figures are also
looking quite promising, with no estimates undergoing either upward
or downward revision during the past 30 days. The consensus
estimate trend has also seen a boost for this time frame, narrowing
from loss of 88 cents per share 30 days ago to loss of 86 cents per
share today, an increase of 2.27%.
Bottom Line
The stock has also started to move higher lately, adding 26.95%
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.
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