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How Smith & Wesson Brands (SWBI) Stock Stands Out in a Strong Industry

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  • SWBI

One stock that might be an intriguing choice for investors right now is Smith & Wesson Brands, Inc. SWBI. 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 33 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.

Meanwhile, Smith & Wesson Brands 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.

Smith & Wesson Brands, Inc. Price and Consensus

Smith & Wesson Brands, Inc. Price and Consensus
Smith & Wesson Brands, Inc. Price and Consensus

Smith & Wesson Brands, Inc. price-consensus-chart | Smith & Wesson Brands, Inc. Quote

In fact, over the past month, current quarter estimates have risen from $1.05 per share to $1.37 per share, while current year estimates have risen from $4.40 per share to $5.05 per share. The company currently carries a Zacks Rank #3 (Hold), which is also a favorable signal. 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 Smith & Wesson Brands. 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.


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