Surging Rank, Surging Stock; Why Odyssey Marine (OMEX) Is a Winner

Zacks

One company that should be on your radar is Odyssey Marine Exploration Inc. (OMEX). The stock of this deep ocean shipwreck exploration and recovery company has seen its Zacks Rank surge over the past four weeks, moving from Hold territory 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 OMEX’s full year estimate, we have seen 1 estimate move higher in the past 30 days, compared to none moving lower. This trend has helped the consensus estimate to trend higher, going from a loss of 13 cents per share a month ago to its current level at a loss of 9 cents.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, OMEX has seen some pretty solid trading lately, as the company has moved higher by almost 22.5% in the past month.

If Odyssey Marine 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 OMEX on your watch list for the future.            

Other top-ranked stocks worth considering in the Business Services industry include JTH Holding, Inc. (TAX), SouFun Holdings Ltd. (SFUN) and Rentrak Corporation (RENT). While JTH Holding and SouFun sport a Zacks Rank #1 (Strong Buy), Rentrak has a Zacks Rank #2 (Buy).

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ODYSSEY MARINE EXPLORATION INC (OMEX): Free Stock Analysis Report

JTH HOLDING CL A D/B/A LIBERTY T (TAX): Free Stock Analysis Report

SOUFUN HOLDINGS LTD (SFUN): Free Stock Analysis Report

RENTRAK CP (RENT): Free Stock Analysis Report


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