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Surging Earnings Estimates Signal Good News for Kronos Worldwide (KRO)

Zacks Equity Research

Kronos Worldwide, Inc. (KRO), provider of titanium dioxide pigments (TiO2), 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 KRO’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 Kronos Worldwide could be a solid choice for investors.

Current Quarter Estimates for KRO

In the past 30 days, 1 estimate has gone higher for Kronos Worldwide compared to no downward revision in the same time period. The trend has been pretty favorable too, with estimates increasing from 8 cents a share 30 days ago, to 12 cents today, a move of 50%.

Current Year Estimates for KRO

Meanwhile, Kronos Worldwide’s current year figures are also looking quite promising, with 3 estimates moving higher in the past month, compared to no downward revision. The consensus estimate trend has also seen a boost for this time frame, increasing from 55 cents per share 30 days ago to 68 cents per share today, an increase of 23.6%.

Bottom Line

The stock has also started to move higher lately, adding 5.7% 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.

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KRONOS WORLDWIDE INC (KRO): Free Stock Analysis Report

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