One stock that might be an intriguing choice for investors right now is New Oriental Education & Technology Group Inc. ( EDU ). This is because this security in the school space is seeing solid earnings estimate revision activity, and is in great company from a Zacks Industry Rank perspective.NEW ORIENTAL ED (EDU): Free Stock Analysis ReportTo read this article on Zacks.com click here.Zacks Investment Research
This is important because, often times, a rising tide will lift all boats in an industry, as there can be broad trends taking place in a segment that are boosting securities across the board. This is arguably taking place in the school space as it currently has a Zacks Industry Rank of 28 out of more than 250 industries, suggesting it is well-positioned from this perspective, especially when compared to other segments out there.
Meanwhile, New Oriental Education & Technology Group is actually looking pretty good on its own too. The firm has seen solid earnings estimate revision activity over the past month, suggesting analysts are becoming a bit more bullish on the firm's prospects in both the short and long term.
In fact, over the past month, current quarter estimates have narrowed from a loss of 3 cents per American Depositary Share ("ADS") to a loss of 1 cent per ADS, while current year estimates have risen from $1.27 per ADS to $1.30 per ADS. Each "ADS" represents four common shares. EDU currently holds a Zacks Rank #3 (Hold), which is a favorable signal.
So, if you are looking for a decent pick in a strong industry, consider New Oriental Education & Technology Group. Not only is its industry currently in the top third, but it is seeing solid estimate revisions as of late, suggesting it could be a very interesting choice for investors seeking a name in this great industry segment.
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