Shipping firm Baltic Trading Limited ( BALT ) 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 BALT'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 Baltic Trading Limited (BALT) could be a solid choice for investors.Current Quarter Estimates for BALT
In the past 30 days, 1 estimate have gone higher for Baltic Trading Limited (BALT) while no estimates moved lower in the same time period. The trend has been pretty favorable too, with estimates narrowing from a loss of 1 cent a share 30 days ago, to reaching breakeven today, a significant move.Current Year Estimates for BALT
Meanwhile, Baltic Trading Limited (BALT) current year figures are also looking quite promising, with no estimates either moving higher or lower in the past month. The consensus estimate trend has also seen a boost for this time frame, remaining at a loss of 41 cents per share.Bottom Line
The stock has also started to move higher lately, adding 27.5% 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 #2 (Buy) stock to profit in the near future.
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days.Click to get this free report >>BALTIC TRAD LTD (BALT): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research