Norbord Inc. is a leading global manufacturer of wood-based panels that 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 OSB’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 Norbord could be a solid choice for investors.
Current Quarter Estimates for OSB
In the past 60 days, three estimates have gone higher for Norbord while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates moving from a loss of 10 cents a share 30 days ago, to earnings of 13 cents today, a significant move.
Current Year Estimates for OSB
Meanwhile, Norbord’s current year figures are also looking quite promising, with three estimates moving higher in the past two months, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from a cent per share 60 days ago to $1.02 per share today, a significant move.
Bottom Line
The stock has also started to move higher lately, adding 31.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>
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Why Norbord (OSB) Could Be Positioned for a Surge
Norbord Inc. is a leading global manufacturer of wood-based panels that 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 OSB’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 Norbord could be a solid choice for investors.
Current Quarter Estimates for OSB
In the past 60 days, three estimates have gone higher for Norbord while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates moving from a loss of 10 cents a share 30 days ago, to earnings of 13 cents today, a significant move.
Current Year Estimates for OSB
Meanwhile, Norbord’s current year figures are also looking quite promising, with three estimates moving higher in the past two months, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from a cent per share 60 days ago to $1.02 per share today, a significant move.
Norbord Inc. Price and Consensus
Norbord Inc. price-consensus-chart | Norbord Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 31.4% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So, investors may want to consider this Zacks Rank #3 (Hold) stock to profit in the near future. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
The Hottest Tech Mega-Trend of All
Last year, it generated $24 billion in global revenues. By 2020, it's predicted to blast through the roof to $77.6 billion. Famed investor Mark Cuban says it will produce ""the world's first trillionaires,"" but that should still leave plenty of money for regular investors who make the right trades early.
See Zacks' 3 Best Stocks to Play This Trend >>