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Why Atlas Financial (AFH) Has A Bright Short-Term Future?

Zacks Equity Research

One company that should be on your radar is Atlas Financial Holdings, Inc. (AFH). The stock of this property and casualty insurance 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 AFH’s full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no estimate moving lower. This trend has helped the consensus estimate to trend higher, going from 96 cents a share a month ago to its current level at $1.0.

This positive shift in estimates has made some investors take notice and buy the stock. In fact, AFH has seen some pretty solid trading lately, as the company has moved higher by 11.53% in the past month.

If Atlas Financial 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 TSLA on your watch list for the future.
Other top-ranked stocks worth considering in this space include AmTrust Financial Services, Inc. (AFSI), EMC Insurance Group Inc. (EMCI), and OneBeacon Insurance Group, Ltd. (OB). All these carry a Zacks Rank #1 (Strong Buy).

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