Why SWS Group (SWS) Could Be Positioned for a Surge?

Zacks Equity Research

SWS Group, Inc. (SWS), a provider of investment banking and financial services, 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 SWS’s earnings for the coming quarter and year. In fact, consensus estimates have moved sharply higher for both of these time frames, suggesting that SWS Group could be a solid choice for investors.

Current Quarter Estimates for SWS

In the past 30 days, 1 estimate has gone higher for SWS Group. The trend has been pretty favorable too, with estimates increasing from a loss of 2 cents a share 30 days ago, to loss of a penny today, a move of 50%.

Current Year Estimates for SWS

Meanwhile, SWS Group’s current year figures are also looking quite promising with 1 estimate moving higher in the past month. The consensus estimate trend has seen a boost for this time frame, increasing from a loss of 2 cents per share 30 days ago to a profit of 1 cent per share today, a significant increase of 150%.

Bottom Line

The stock has also started to move higher lately, adding 5.4% 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 #3 (Hold) stock to profit in the near future.

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