Is Snap-on (SNA) Stock a Solid Choice Right Now?

Zacks

One stock that might be an intriguing choice for investors right now is Snap-on Inc. (SNA). This is because this security in the Small Tools and Accessories industry is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
 
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Small Tools and Accessories Industry as it currently has a Zacks Industry Rank of 2 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
 
Meanwhile, Snap-on is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
 
In fact, over the past month, current quarter estimates have risen from $1.53 a share to $1.55 a share, while current year estimates have risen from $6.48 per share to $6.60 per share. This has helped WSFS to earn a Zacks Rank #1 (Strong Buy), further underscoring the company’s solid position.

So, if you are looking for a decent pick in a strong industry, consider Snap-on not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.

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