One stock that might be an intriguing choice for investors right now is H&E Equipment Services, Inc. HEES. This is because this security in the Manufacturing - Construction and Mining space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the Manufacturing - Construction and Mining space as it currently has a Zacks Industry Rank of one out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, H&E Equipment is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm’s prospects in both the short and long term.
H&E Equipment Services, Inc. Price and Consensus
H&E Equipment Services, Inc. Price and Consensus | H&E Equipment Services, Inc. Quote
In fact, over the past month, current quarter estimates have increased from 36 cents to 40 cents per share, while current year estimates have increased from $1.12 per share to $1.61 per share. The company currently carries a Zacks Rank #1 (Strong Buy), which is also a favorable signal. You can see the complete list of today’s Zacks #1 Rank stocks here.
So, if you are looking for a decent pick in a strong industry, consider H&E Equipment. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you may kick yourself in 2020.
Click here for the 6 trades >>
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
H&E Equipment Services, Inc. (HEES) : Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research