Aerojet Rocketdyne Holdings, Inc. AJRD is an aerospace and defense products company 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 AJRD’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 Aerojet Rocketdynecould be a solid choice for investors.
Current Quarter Estimates for AJRD
In the past 30 days, one estimate has gone higher for Aerojet Rocketdyne while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 15 cents a share 30 days ago, to 18 cents today, a move of 20%.
Current Year Estimates for AJRD
Meanwhile, Aerojet Rocketdyne’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 94 cents per share 30 days ago to $1.03 per share today, an increase of 9.6%.
Bottom Line
The stock has also started to move higher lately, adding 11.5% 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 #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.
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Surging Earnings Estimates Signal Good News for Aerojet Rocketdyne (AJRD)
Aerojet Rocketdyne Holdings, Inc. AJRD is an aerospace and defense products company 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 AJRD’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 Aerojet Rocketdynecould be a solid choice for investors.
Current Quarter Estimates for AJRD
In the past 30 days, one estimate has gone higher for Aerojet Rocketdyne while none has gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 15 cents a share 30 days ago, to 18 cents today, a move of 20%.
Current Year Estimates for AJRD
Meanwhile, Aerojet Rocketdyne’s current year figures are also looking quite promising, with one estimate moving higher in the past month, compared to one lower. The consensus estimate trend has also seen a boost for this time frame, increasing from 94 cents per share 30 days ago to $1.03 per share today, an increase of 9.6%.
Aerojet Rocketdyne Holdings, Inc. Price and Consensus
Aerojet Rocketdyne Holdings, Inc. Price and Consensus | Aerojet Rocketdyne Holdings, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 11.5% 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 #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.
More Stock News: This Is Bigger than the iPhone!
It could become the mother of all technological revolutions. Apple sold a mere 1 billion iPhones in 10 years but a new breakthrough is expected to generate more than 27 billion devices in just 3 years, creating a $1.7 trillion market.
Zacks has just released a Special Report that spotlights this fast-emerging phenomenon and 6 tickers for taking advantage of it. If you don't buy now, you maykick yourself in 2020. Click here for the 6 trades >>