Brunswick Corporation BC is a leading consumer brand that 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 BC’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 Brunswick Corporation could be a solid choice for investors.
Current Quarter Estimates for BC
In the past 30 days, four estimates have gone higher for Brunswick Corporation while one has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 36 cents a share 30 days ago, to 43 cents today, a move of 19.4%.
Current Year Estimates for BC
Meanwhile, Brunswick Corporation’s current year figures are also looking quite promising, with five estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from $2.72 per share 30 days ago to $2.97 per share today, an increase of 9.2%.
Brunswick Corporation Price and Consensus
Brunswick Corporation price-consensus-chart | Brunswick Corporation Quote
The stock has also started to move higher lately, adding 11.3% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce "the world's first trillionaires," but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Brunswick Corporation (BC) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research