H&E Equipment Services, Inc. HEES is an integrated equipment services company 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 HEES’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 HEES International could be a solid choice for investors.
Current Quarter Estimates for HEES
In the past 30 days, one estimate has gone higher for H&E Equipment compared to none 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 40 cents a share today, a move of 11.1%.
Current Year Estimates for HEES
Meanwhile, H&E Equipment’scurrent year figures are also looking quite promising, with two 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 $1.12 per share 30 days ago to $1.61 per share today, an increase of 43.8%.
H&E Equipment Services, Inc. Price and Consensus
H&E Equipment Services, Inc. Price and Consensus | H&E Equipment Services, Inc. Quote
The stock has also started to move higher lately, adding 12.3% 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 #2 (Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
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