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Is More Good News Ahead for Recent Winner Federal Signal (FSS)?

Zacks Equity Research

One company that should be on your radar is Federal Signal Corp. (FSS). The stock of this safety and environment solutions provider 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 FSS’s full year estimate, we have seen 2 estimates move higher in the past 30 days, compared to none moving lower. This trend has helped the consensus estimate to trend higher, going from 78 cents per share a month ago to its current level at 83 cents.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, FSS has seen some pretty solid trading lately, as the company has moved higher by almost 20.1% in the past month.

If Federal Signal 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 FSS on your watch list for the future.            

Other top-ranked stocks worth considering in the industry include Noble Group Limited (NOBGY), 3M Company (MMM) and Marubeni Corporation (MARUY). While Noble Group sports a Zacks Rank #1 (Strong Buy), 3M and Marubeni holds a Zacks Rank #2 (Buy).

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FEDERAL SIGNAL CORP (FSS): Free Stock Analysis Report

NOBLE GROUP LTD ADR (NOBGY): Free Stock Analysis Report

3M CO (MMM): Free Stock Analysis Report

MARUBENI CORP ADR (MARUY): Free Stock Analysis Report

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