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Why CAI International (CAI) Could Be Positioned for a Surge
CAI International, Inc. is a transportation finance and logistics 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 CAI’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 CAI International could be a solid choice for investors.
Current Quarter Estimates for CAI
In the past 30 days, three estimates have gone higher for CAI International while none have gone lower in the same time period. The trend has been pretty favorable too, with estimates increasing from 58 cents a share 30 days ago, to 72 cents a share today, a move of 24.1%.
Current Year Estimates for CAI
Meanwhile, CAI International’s current year figures are also looking quite promising, with two 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 $2.08 per share 30 days ago to $2.33 per share today, an increase of 12%.
CAI International, Inc. Price and Consensus
CAI International, Inc. Price and Consensus | CAI International, Inc. Quote
Bottom Line
The stock has also started to move higher lately, adding 11.23% 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 (Strong Buy) stocks here.
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