One company that should be on your radar is Planar Systems Inc. ( PLNR ). The stock of this developer of electronic display products has seen its Zacks Rank surge over the past four weeks, moving from Neutral 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 PLNR 's full year estimate, we have seen 1 estimates go higher in the past 30 days. However, no downward revision was observed in the past 30 days. This trend has helped the consensus estimate to trend higher, going from 0 cent a share a month ago to its current level at 4 cents.
This positive shift in estimates has made some investors take notice and buy the stock. In fact, PLNR has seen some pretty solid trading lately, as the company has moved higher by 21.1% in the past month.
If Planar Systems Inc. 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 PLNR on your watch list for the future.
Other top-ranked stocks worth considering in this space include Alps Electric Co Ltd ( ALEPY ), Electronic For Imaging Inc ( EFII ),both with a Zacks Rank # 1 (Strong Buy) and Analogic Corporation ( ALOG ) with a Zacks Rank # 2 (Buy).
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