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Surging Earnings Estimates Signal Good News for DXP Enterprises (DXPE)
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DXP Enterprises, Inc. (DXPE - Free Report) is a leading supplier of maintenance, repair and operating products, equipment and services, 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 DXPE’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 DXP Enterprises could be a solid choice for investors.
Current Quarter Estimates for DXPE
In the past 30 days, 2 estimates have gone higher for DXP Enterprises while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 1 cent a share 30 days ago, to 16 cents today, a significant move.
Current Year Estimates for DXPE
Meanwhile, DXP Enterprises’ current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from a loss of 38 cents per share 30 days ago to earnings of 30 cents today, a significant increase.
The stock has also started to move higher lately, adding 89% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.
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Surging Earnings Estimates Signal Good News for DXP Enterprises (DXPE)
DXP Enterprises, Inc. (DXPE - Free Report) is a leading supplier of maintenance, repair and operating products, equipment and services, 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 DXPE’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 DXP Enterprises could be a solid choice for investors.
Current Quarter Estimates for DXPE
In the past 30 days, 2 estimates have gone higher for DXP Enterprises while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 1 cent a share 30 days ago, to 16 cents today, a significant move.
Current Year Estimates for DXPE
Meanwhile, DXP Enterprises’ current year figures are also looking quite promising, with 2 estimates moving higher in the past month, compared to none lower. The consensus estimate trend has also seen a boost for this time frame, increasing from a loss of 38 cents per share 30 days ago to earnings of 30 cents today, a significant increase.
DXP ENTERPRISES Price and Consensus
DXP ENTERPRISES Price and Consensus | DXP ENTERPRISES Quote
Bottom Line
The stock has also started to move higher lately, adding 89% over the past four weeks, suggesting that investors are starting to take note of this impressive story. So investors may definitely want to consider this Zacks Rank #1 (Strong Buy) stock to profit in the near future.
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 >>