U.S. markets open in 6 hours 32 minutes
  • S&P Futures

    3,427.00
    -24.75 (-0.72%)
     
  • Dow Futures

    27,984.00
    -205.00 (-0.73%)
     
  • Nasdaq Futures

    11,602.50
    -61.00 (-0.52%)
     
  • Russell 2000 Futures

    1,618.20
    -17.40 (-1.06%)
     
  • Crude Oil

    38.97
    -0.88 (-2.21%)
     
  • Gold

    1,899.20
    -6.00 (-0.31%)
     
  • Silver

    24.25
    -0.42 (-1.70%)
     
  • EUR/USD

    1.1840
    -0.0028 (-0.24%)
     
  • 10-Yr Bond

    0.8410
    0.0000 (0.00%)
     
  • Vix

    27.55
    -0.56 (-1.99%)
     
  • GBP/USD

    1.3024
    -0.0014 (-0.11%)
     
  • USD/JPY

    104.9200
    +0.2300 (+0.22%)
     
  • BTC-USD

    13,088.08
    +11.06 (+0.08%)
     
  • CMC Crypto 200

    262.97
    +1.51 (+0.58%)
     
  • FTSE 100

    5,860.28
    +74.63 (+1.29%)
     
  • Nikkei 225

    23,494.34
    -22.25 (-0.09%)
     

How Clarus (CLAR) Stock Stands Out in a Strong Industry

Zacks Equity Research
·2 mins read

One stock that might be an intriguing choice for investors right now is Clarus Corporation CLAR. This is because this security in the Leisure and Recreation Products space 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 Leisure and Recreation Products space as it currently has a Zacks Industry Rank of 21 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Clarus 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.

Clarus Corporation Price and Consensus

Clarus Corporation Price and Consensus
Clarus Corporation Price and Consensus

Clarus Corporation price-consensus-chart | Clarus Corporation Quote

In fact, over the past month, current quarter estimates have risen from 20 cents per share to 21 cents per share, while current year estimates have risen from 50 cents per share to 52 cents per share. This has helped CLAR to earn a Zacks Rank #2 (Buy), further underscoring the company’s solid position. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

So, if you are looking for a decent pick in a strong industry, consider Clarus. 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.

Breakout Biotech Stocks with Triple-Digit Profit Potential

The biotech sector is projected to surge beyond $775 billion by 2024 as scientists develop treatments for thousands of diseases. They’re also finding ways to edit the human genome to literally erase our vulnerability to these diseases.

Zacks has just released Century of Biology: 7 Biotech Stocks to Buy Right Now to help investors profit from 7 stocks poised for outperformance. Our recent biotech recommendations have produced gains of +50%, +83% and +164% in as little as 2 months. The stocks in this report could perform even better.

See these 7 breakthrough stocks now>>


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
 
Clarus Corporation (CLAR) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research