Hydrogenics Corporation ( HYGS ) is an industrial electrical equipment manufacturer 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 HYGS'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 Hydrogenics Corporation could be a solid choice for investors.Current Quarter Estimates for HYGS
In the past 30 days, no estimates have either gone upward or downward revision for Hydrogenics Corporation. The trend has been pretty favorable too, with estimates narrowing from loss of 11 cents per share 30 days ago, to loss of 9 cents per share today, a move of 18.2%.Current Year Estimates for HYGS
Meanwhile, Hydrogenics Corporation's current year figures are also looking quite promising, with no estimates undergoing either upward or downward revision during the past 30 days. The consensus estimate trend has also seen a boost for this time frame, narrowing from loss of 88 cents per share 30 days ago to loss of 86 cents per share today, an increase of 2.27%.Bottom Line
The stock has also started to move higher lately, adding 26.95% 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.
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