One company that should be on your radar is Summer Infant, Inc. (SUMR). The stock of this juvenile wellness products producer has seen its Zacks Rank surge over the past four weeks, moving from Strong Sell territory to its current position as a Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For SUMR’s full year estimate, we have seen 3 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 4 cents per share a month ago to its current level at 10 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, SUMR has seen some pretty solid trading lately, as the company has moved higher by almost 12.8% in the past month.
If Summer Infant 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 SUMR on your watch list for the future.
Other top-ranked stocks worth considering in the Consumer Product industry include Central Garden & Pet Company (CENT), Hypermarcas S.A. (HYPMY) and Spectrum Brands Holdings, Inc. (SPB). While Central Garden & Pet sports a Zacks Rank #1 (Strong Buy), Hypermarcas and Spectrum Brands hold a Zacks Rank #2 (Buy).
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SUMMER INFANT INC (SUMR): Free Stock Analysis Report
CENTRAL GARDEN & PET COMPANY (CENT): Free Stock Analysis Report
HYPERMARCAS ADR (HYPMY): Free Stock Analysis Report
SPECTRUM BRANDS HOLDINGS NEW (SPB): Free Stock Analysis Report
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