One company that should be on your radar is Bon-Ton Stores Inc. (BONT). The stock of this departmental store company has seen its Zacks Rank surge over the past four weeks, moving from Hold to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For BONT’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from 35 cents a share a month ago to its current level at 75 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, BONT has seen some pretty solid trading lately, as the company has moved higher by 48.9% in the past month.
If Bon-Ton Stores can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put BONT on your watch list for the future.
Other top-ranked stocks worth considering in this space include J. Sainsbury plc (JSAIY) with a Zacks Rank #1 (Strong Buy), Harris Teeter Supermarkets, Inc. (HTSI) and Macy's, Inc. (M), both carrying a Zacks Rank #2 (Buy).
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BON TON STORES INC (BONT): Free Stock Analysis Report
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