One company that should be on your radar is William Lyon Homes (WLH). The stock of this homebuilding 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 WLH’s full year estimate, we have seen 1 estimate move higher in the past 30 days, compared to none moving lower. This trend has helped the consensus estimate to trend higher, going from $2.09 per share a month ago to its current level at $2.27.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, WLH has seen some pretty solid trading lately, as the company has moved higher by almost 30.2% in the past month.
If William Lyon 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 WLH on your watch list for the future.
Other top-ranked stocks worth considering in the industry include MRV Engenharia e Participa (MRVNY), Taylor Morrison Home Corporation (TMHC) and DR Horton Inc. (DHI). While MRV Engenharia and Taylor Morrison sport a Zacks Rank #1 (Strong Buy), DR Horton has a Zacks Rank #2 (Buy).
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 >>
WILLIAM LYON HOMES (WLH): Free Stock Analysis Report
MRV ENG PARTICI ADR (MRVNY): Free Stock Analysis Report
TAYLOR MORRISON HOME CORP (TMHC): Free Stock Analysis Report
D R HORTON INC (DHI): Free Stock Analysis Report
Zacks Investment Research