One company that should be on your radar is Monro Muffler Brake Inc. ( MNRO ). The stock of the automobile space has seen its Zacks Rank surge over the past four weeks, moving from Sell territory to its current position as a Buy.LKQ CORP (LKQ): Free Stock Analysis ReportMONRO MUFFLER (MNRO): Free Stock Analysis ReportMOTORCAR PARTS (MPAA): Free Stock Analysis ReportOUTERWALL INC (OUTR): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
A key reason for this move has been the positive trend in the earnings estimate revisions picture. For MNRO's full year estimate, we have seen 1 estimate goes higher in the past 30 days, compared to no estimate moving lower. This trend has helped the consensus estimate to trend higher, going from $1.62 a share a month ago to its current level at $1.63.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, MNRO has seen some pretty solid trading lately, as the company has moved higher by 10.7% in the past month.
If Monro Muffler Brake 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 MNRO on your watch list for the future.
Other top-ranked stocks worth considering in this space include Motorcar Parts of America Inc. ( MPAA ), Outerwall Inc. ( OUTR ) and LKQ Corp. ( LKQ ). Motorcar Parts of America and Outerwall currently have a Zacks Rank #1 (Strong Buy), and LKQ has a Zacks Rank #2 (Buy).
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