U.S. markets open in 4 hours 25 minutes
  • S&P Futures

    3,371.50
    +19.50 (+0.58%)
     
  • Dow Futures

    27,833.00
    +169.00 (+0.61%)
     
  • Nasdaq Futures

    11,486.75
    +79.50 (+0.70%)
     
  • Russell 2000 Futures

    1,513.00
    +8.60 (+0.57%)
     
  • Crude Oil

    39.81
    -0.41 (-1.02%)
     
  • Gold

    1,899.30
    +3.80 (+0.20%)
     
  • Silver

    23.67
    +0.18 (+0.77%)
     
  • EUR/USD

    1.1732
    +0.0006 (+0.05%)
     
  • 10-Yr Bond

    0.6770
    0.0000 (0.00%)
     
  • Vix

    25.99
    -0.28 (-1.07%)
     
  • GBP/USD

    1.2835
    -0.0086 (-0.67%)
     
  • USD/JPY

    105.5400
    +0.1100 (+0.10%)
     
  • BTC-USD

    10,894.66
    +98.63 (+0.91%)
     
  • CMC Crypto 200

    225.54
    +4.15 (+1.87%)
     
  • FTSE 100

    5,901.49
    +35.39 (+0.60%)
     
  • Nikkei 225

    23,184.93
    -0.19 (-0.00%)
     

Surging Earnings Estimates Signal Good News for PGT Innovations (PGTI)

Zacks Equity Research

PGT Innovations, Inc. PGTI is a manufacturer and supplier of impact-resistant residential windows and doors that 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 PGTI’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 PGT Innovations could be a solid choice for investors.

Current Quarter Estimates for PGTI

In the past 30 days, two estimates have gone higher for PGT Innovations while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 12 cents a share 30 days ago, to 14 cents today, a move of 16.7%.

Current Year Estimates for PGTI

Meanwhile, PGT Innovations’ current year figures are also looking quite promising, with two estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 65 cents per share 30 days ago to 75 cents per share today, an increase of 15.4%.

PGT, Inc. Price and Consensus

PGT, Inc. Price and Consensus
PGT, Inc. Price and Consensus

PGT, Inc. price-consensus-chart | PGT, Inc. Quote

Bottom Line

The stock has also started to move higher lately, adding 5.1% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank stocks here.

Zacks’ Single Best Pick to Double

From thousands of stocks, 5 Zacks experts each picked their favorite to gain +100% or more in months to come. From those 5, Zacks Director of Research, Sheraz Mian hand-picks one to have the most explosive upside of all.

With users in 180 countries and soaring revenues, it’s set to thrive on remote working long after the pandemic ends. No wonder it recently offered a stunning $600 million stock buy-back plan.

The sky’s the limit for this emerging tech giant. And the earlier you get in, the greater your potential gain.

Click Here, See It Free >>


Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
 
PGT, Inc. (PGTI) : Free Stock Analysis Report
 
To read this article on Zacks.com click here.
 
Zacks Investment Research