One company that should be on your radar is CaesarStone Sdot-Yam Ltd. ( CSTE ). The stock of this manufacturer and seller of engineered quartz surfaces has seen its Zacks Rank surge over the past four weeks, moving from Hold territory to its current position as a Strong Buy.
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For CSTE's full year estimate, we have seen 1 estimate go higher in the past 30 days, compared to no downward revision. This trend has helped the consensus estimate to trend higher, going from $1.99 a share a month ago to its current level at $2.10.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, CSTE has seen some pretty solid trading lately, as the company has moved higher by 29.4% in the past month.
If CaesarStone Sdot-Yam can keep up this great momentum on the earnings estimate front and continue to impress analysts, we could see more gains ahead for this company, suggesting that you might want to put CSTE on your watch list for the future.
Other top-ranked stocks worth considering in this space include James Hardie Industries plc ( JHX ), USG Corporation ( USG ), and Wolseley plc ( WOSYY ). All these carry a Zacks Rank #2 (Strong Buy).
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CAESAR STONE SD (CSTE): Free Stock Analysis Report
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