Why Meritor (MTOR) Could Be Positioned for a Surge
Meritor, Inc. MTOR, a leading global supplier of drive train, mobility, braking and aftermarket solutions, 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 MTOR’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 Meritor could be a solid choice for investors.
Current Quarter Estimates for MTOR
In the past 30 days, three estimates have gone higher for Meritor while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 38 cents a share 30 days ago, to 43 cents today, a move of 13.2%.
Current Year Estimates for MTOR
Meanwhile, Meritor’s current year figures are also looking quite promising, with three 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 $1.43 per share 30 days ago to $1.62 per share today, an increase of 13.3%.
Meritor, Inc. Price and Consensus
Meritor, Inc. Price and Consensus | Meritor, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 12.5% 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 #1 (Strong Buy) stock to profit in the near future. You can seethe complete list of today’s Zacks #1 Rank stocks here.
One Simple Trading Idea
Since 1988, the Zacks system has more than doubled the S&P 500 with an average gain of +25% per year. With compounding, rebalancing, and exclusive of fees, it can turn thousands into millions of dollars.
This proven stock-picking system is grounded on a single big idea that can be fortune shaping and life changing. You can apply it to your portfolio starting today.
Learn more >>
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
Meritor, Inc. (MTOR) : Free Stock Analysis Report
To read this article on Zacks.com click here.
