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A key reason for this move has been the positive trend in the earnings estimate revisions picture. For GBLI's full year estimate, we have seen 1 estimate goes higher in the past 30 days, compared to no estimate moving lower. This trend has helped the consensus estimate to trend higher, going from $1.20 a share a month ago to its current level at $1.25.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, GBLI has seen some pretty solid trading lately, as the company has moved higher by 13.58% in the past month.
If Global Indemnity 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 GBLI on your watch list for the future.
Other top-ranked stocks worth considering in this space include Am Trust Financial Services, Inc. AFSI, Greenlight Capital Re, Ltd. GLRE and Navigators Group Inc. NAVG. All these carry a Zacks Rank #1 (Strong Buy).
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AMTRUST FIN SVC AFSI: Free Stock Analysis Report
GLOBAL INDEMNTY GBLI: Get Free Report
GREENLIGHT CAP GLRE: Free Stock Analysis Report
NAVIGATORS GRP NAVG: Free Stock Analysis Report
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