One company that should be on your radar is Companhia Brasileira de Distribuicao CBD. The stock of this retailer has seen its Zacks Rank surge over the past four weeks, moving from Hold 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 CBD's full year estimate, we have seen 1 estimate go higher in the past 30 days, and there has been no downward revision over the same time frame. This trend has helped the consensus estimate to trend higher, going from $2.32 a share a month ago to its current level at $2.36.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, CBD has seen some pretty solid trading lately, as the company has moved higher by 10.5% in the past month.
If Companhia Brasileira de Distribuicao 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 CBD on your watch list for the future.
Other top-ranked stocks worth considering in this space include Spartan Stores Inc. SPTN, Etablissements Delhaize Fr DEG and The Kroger Co. KR. While Spartan Stores sports a Zacks Rank #1 (Strong Buy), Etablissements Delhaize Fr and The Kroger carry 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 >>
COMPANHIA BRASL CBD: Free Stock Analysis Report
DELHAIZE-LE DEG: Free Stock Analysis Report
KROGER CO KR: Free Stock Analysis Report
SPARTAN STORES SPTN: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
Market News and Data brought to you by Benzinga APIsA key reason for this move has been the positive trend in the earnings estimate revisions picture. For CBD's full year estimate, we have seen 1 estimate go higher in the past 30 days, and there has been no downward revision over the same time frame. This trend has helped the consensus estimate to trend higher, going from $2.32 a share a month ago to its current level at $2.36.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, CBD has seen some pretty solid trading lately, as the company has moved higher by 10.5% in the past month.
If Companhia Brasileira de Distribuicao 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 CBD on your watch list for the future.
Other top-ranked stocks worth considering in this space include Spartan Stores Inc. SPTN, Etablissements Delhaize Fr DEG and The Kroger Co. KR. While Spartan Stores sports a Zacks Rank #1 (Strong Buy), Etablissements Delhaize Fr and The Kroger carry 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 >>
COMPANHIA BRASL CBD: Free Stock Analysis Report
DELHAIZE-LE DEG: Free Stock Analysis Report
KROGER CO KR: Free Stock Analysis Report
SPARTAN STORES SPTN: Free Stock Analysis Report
To read this article on Zacks.com click here.
Zacks Investment Research
© 2024 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Comments
Loading...
Benzinga simplifies the market for smarter investing
Trade confidently with insights and alerts from analyst ratings, free reports and breaking news that affects the stocks you care about.
Join Now: Free!
Already a member?Sign in
