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Can Ternium (TX) Run Higher on Strong Earnings Estimate Revisions?
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Ternium S.A. (TX - Free Report) is a producer of flat and long steel products 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 TX’ 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 Ternium could be a solid choice for investors.
Current Quarter Estimates for TX
In the past 30 days, 1 estimate has gone higher for Ternium while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 64 cents a share 30 days ago, to 89 today, a move of 39.1%.
Current Year Estimates for TX
Meanwhile, Ternium’s 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 $2.44 per share 30 days ago to $2.68 per share today, an increase of 9.8%.
The stock has also started to move higher lately, adding 16% 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. You can see the complete list of today’s Zacks #1 Rank stocks here.
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Can Ternium (TX) Run Higher on Strong Earnings Estimate Revisions?
Ternium S.A. (TX - Free Report) is a producer of flat and long steel products 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 TX’ 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 Ternium could be a solid choice for investors.
Current Quarter Estimates for TX
In the past 30 days, 1 estimate has gone higher for Ternium while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 64 cents a share 30 days ago, to 89 today, a move of 39.1%.
Current Year Estimates for TX
Meanwhile, Ternium’s 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 $2.44 per share 30 days ago to $2.68 per share today, an increase of 9.8%.
Ternium S.A. Price and Consensus
Ternium S.A. Price and Consensus | Ternium S.A. Quote
Bottom Line
The stock has also started to move higher lately, adding 16% 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. You can see the complete list of today’s Zacks #1 Rank stocks here.
Zacks' Top 10 Stocks for 2017
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2017?
Who wouldn't? Last year's market-beating Top 10 portfolio produced 5 double-digit winners. For example, oil and natural gas giant Pioneer Natural Resources and First Republic Bank racked up stellar gains of +44.9% and +44.3% respectively. Now a brand-new list for 2017 has been hand-picked from 4,400 companies covered by the Zacks Rank. See the 2017 Top 10 right now>>