One company that should be on your radar is Taylor Morrison Home Corporation (TMHC). The stock of this Residential Construction provider has seen its Zacks Rank surge over the past four weeks, moving from Neutral 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 TMHC’s full year estimate, we have seen 3 estimates go higher in the past 30 days, and there has been no downward revision over the same time frame. This trend has helped the consensus estimate to trend higher, going from $1.72 a share a month ago to its current level at $1.82.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, TMHC has seen some pretty solid trading lately, as the company has moved higher by 15.4% in the past month.
If Taylor Morrison Home 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 TMHC on your watch list for the future.
Other top-ranked stocks worth considering in this space include DR Horton Inc. (DHI), MRV Engenharia e Participa (MRVNY) and William Lyon Homes (WLH). All these carry a Zacks Rank #1 (Strong Buy).
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TAYLOR MORRISON HOME CORP (TMHC): Free Stock Analysis Report
D R HORTON INC (DHI): Free Stock Analysis Report
MRV ENG PARTICI ADR (MRVNY): Free Stock Analysis Report
WILLIAM LYON HOMES (WLH): Free Stock Analysis Report
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