Douglas Dynamics, Inc. (PLOW), provider of snow and ice control equipment for light trucks, 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 PLOW’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 Douglas Dynamics could be a solid choice for investors.
Current Quarter Estimates for PLOW
In the past 30 days, 1 estimate has gone higher for Douglas Dynamics compared to no downward revision in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 11 cents a share 30 days ago, to a loss of 2 cents today, a significant move.
Current Year Estimates for PLOW
Meanwhile, Douglas Dynamics’s current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 82 cents per share 30 days ago to 95 cents per share today, an increase of 15.9%.
The stock has also started to move higher lately, adding 15.5% 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.
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DOUGLAS DYNAMICS INC (PLOW): Free Stock Analysis Report
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