Providence Service (PRSC) Surges: Why It Still Has Room to Run?

One company that should be on your radar is Providence Service Corp. (PRSC). The stock of this Government Services company 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 PRSC’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no lower. This trend has helped the consensus estimate to trend higher, going from $1.65 a share a month ago to its current level at $2.05 a share.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, PRSC has seen some pretty solid trading lately, as the company has moved higher by 44.6% in the past month.

If Providence Service 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 PRSC on your watch list for the future.

Other top-ranked stocks worth considering in this space include ICF International Inc. (ICFI), MAXIMUS, Inc. (MMS). While ICF International carries a Zacks Rank #1 (Strong Buy), MAXIMUS holds a Zacks Rank #2 (Buy).

Investors interested in the Business Services Sector may consider better-ranked stock like CBIZ, Inc. (CBZ), which carries a Zacks Rank #1 (Strong Buy).

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PROVIDENT SERVICE CP (:THE) (PRSC): Free Stock Analysis Report

CBIZ INC (CBZ): Free Stock Analysis Report

MAXIMUS INC (MMS): Free Stock Analysis Report

ICF INTERNATIONAL INC (ICFI): Free Stock Analysis Report


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